Variety Boys And Girls Club
- Assets
- $13.9m
- Revenue
- $2.4m
- Investments
- $311.4k
- Employees
- 35
- Location
- Los Angeles, CA
- Founding
- 02/1960
- Data as of
- 06/2021
- EIN
- 95-1919219
Organization Overview
Variety Boys And Girls Club is located in Los Angeles, CA. The organization was established in 1960. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2021, Variety Boys And Girls Club employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Variety Boys And Girls Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Variety Boys And Girls Club generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 8.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES OF UNDERPRIVILEGED CHILDREN IN THE SURROUNDING COMMUNITY WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VARIETY BOYS & GIRLS CLUB (VBGC) IS A SAFE ENVIRONMENT FOR KIDS (AGES 5 TO 17 YEARS) AND PROPELS THEM TO LEARN SOCIAL SKILLS, IDENTIFY POTENTIAL OPPORTUNITIES, AS WELL AS ACHIEVE PERSONAL, ACADEMIC, ATHLETIC AND OTHER WORTHY GOALS. VBGC PROVIDES SOCIAL, RECREATIONAL AND ATHLETIC ACTIVITIES AND COUNSELING SERVICES IN A CONTROLLED SETTING TO DISADVANTAGED YOUTHS. SINCE 1949, THE VARIETY BOYS & GIRLS CLUB HAS RESPONDED TO THE NEEDS OF CHILDREN IN THE BOYLE HEIGHTS/EAST LOS ANGELES COMMUNITY OFFERING ACADEMIC AND LEADERSHIP DEVELOPMENT PROGRAMS, TUTORING AND MENTORING, SPORTS AND AQUATICS PROGRAMS, ARTS AND CRAFTS, A COMPUTER LEARNING CENTER AND LIBRARY, SOCIAL RECREATION, COLLEGE SCHOLARSHIPS, AND SPECIAL EVENTS TO AWARD MEMBERS' ACHIEVEMENTS. FOR ALMOST 70 YEARS, VBGC HAS PROVIDED A REFUGE FOR CHILDREN WHO STRUGGLE DAILY WITH REAL LIFE CIRCUMSTANCES OF POVERTY, UNDER-RESOURCED NEIGHBORHOODS, LOW EDUCATIONAL ATTAINMENT, GANG VIOLENCE, SUBSTANCE ABUSE AND POOR HEALTH OUTCOMES. ANNUALLY, OVER 2,500 KIDS PARTICIPATE IN A PROGRAM OR SERVICE VBGC OFFERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Siqueiros Executive Director | Officer | 40 | $127,404 |
Debbie Graziano Treasurer | OfficerTrustee | 10 | $0 |
Dale Davison Secretary | OfficerTrustee | 10 | $0 |
Shaun Barber Vice President | OfficerTrustee | 10 | $0 |
Gabriel Marquez President | OfficerTrustee | 10 | $0 |
Stephen Dem Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,112,208 |
| Investment income | $108,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $134,014 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,361,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $30,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $634,016 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,785 |
| Payroll taxes | $65,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,823 |
| Advertising and promotion | $0 |
| Office expenses | $76,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $277,357 |
| Insurance | $194,415 |
| All other expenses | $0 |
| Total functional expenses | $2,004,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,436 |
| Savings and temporary cash investments | $24,185 |
| Pledges and grants receivable | $338,853 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,898 |
| Investments—publicly traded securities | $2,563,682 |
| Investments—other securities | $311,435 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,374,055 |
| Total assets | $13,876,247 |
| Accounts payable and accrued expenses | $166,040 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $298,100 |
| Other liabilities | $0 |
| Total liabilities | $464,140 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $13,412,107 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Variety Boys And Girls Club has recieved totaling $461,083.
| Awarding Organization | Amount |
|---|---|
The Play Equity Fund Los Angeles, CA PURPOSE: PROGRAM SUPPORT | $100,000 |
Food Forward Inc North Hollywood, CA PURPOSE: FRESH PRODUCE DONATION | $68,702 |
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $54,780 |
Justin Turner Foundation Studio City, CA PURPOSE: PROJECT REMODEL OF FACILITY | $45,446 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $31,023 |
Jerome Foundation Orange, CA PURPOSE: UNRESTRICTED | $26,250 |
Endowment Analysis
| Beg. Balance | $3,877,864 |
| Earnings | $180,305 |
| Ending Balance | $4,058,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boys & Girls Clubs Of San Francisco San Francisco, CA | $114,377,672 | $20,299,858 |
Boys And Girls Club Of Truckee Meadows Reno, NV | $57,985,480 | $24,000,748 |
Boys And Girls Clubs Of The Los Angeles Harbor San Pedro, CA | $18,206,785 | $12,295,618 |
Boys & Girls Clubs Of Greater San Diego San Diego, CA | $38,717,395 | $11,478,727 |
Boys & Girls Clubs Of Southern Nevada Las Vegas, NV | $26,200,476 | $8,633,559 |
Boys And Girls Clubs Of Huntington Valley Fountain Valley, CA | $13,139,607 | $7,584,204 |
The Boys And Girls Clubs Of San Dieguito Encinitas, CA | $11,472,095 | $8,793,636 |
Boys & Girls Clubs Of Portland Metropolitan Area Portland, OR | $27,752,506 | $7,590,917 |
Boys And Girls Club Of Hawaii Honolulu, HI | $15,648,207 | $5,891,880 |
Boys & Girls Clubs Of Central Orange Coast Irvine, CA | $12,883,859 | $6,570,816 |
Boys & Girls Club Of West San Gabriel Valley Monterey Park, CA | $6,964,772 | $7,395,118 |
Boys & Girls Clubs Of Metro Los Angeles Los Angeles, CA | $23,570,010 | $4,928,208 |