Civic Intelligence

Variety Foundation Inc

EIN 32-0326794 • 501(c)3

Profile

To raise and donate funds to other charitable organizations and to increase public awareness of these organizations as well as to use the corporation's position in the entertainment industry to encourage others to do good.

11175 Santa Monica Blvd90025

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.37x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

71st percentile

0.25x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

5th percentile

-38%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$497,905

Down $303,170 (-38%) from 2013

Liabilities

Down

$186,316

Down $399,665 (-68%) from 2013

Net Assets

Up

$311,589

Up $96,495 (+45%) from 2013

Revenue

$739,168

No earlier filing loaded for comparison.

Expenses

Up

$642,673

Up $300,575 (+88%) from 2013

Net Income

$96,495

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2012: $353,429Liabilities 2012: $154,949Net Assets 2012: $198,4802012Assets 2013: $801,075Liabilities 2013: $585,981Net Assets 2013: $215,0942013Assets 2014: $497,905Liabilities 2014: $186,316Net Assets 2014: $311,5892014

Highlighted filing

2014

Assets$497,905
Liabilities$186,316
Net Assets$311,589

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0Expenses 2012: $272,1452012Expenses 2013: $342,0982013Revenue 2014: $739,168Expenses 2014: $642,673Net Income 2014: $96,4952014

Highlighted filing

2014

Revenue$739,168
Expenses$642,673
Net Income$96,495

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2013 to Nov 30, 2014
Signed
Oct 15, 2015
Return Version
2013v4.0
Gross Receipts
$1,340,000
Mission and Program Overview

Mission

To raise and donate funds to other charitable organizations and to increase public awareness of these organizations as well as to use the corporation's position in the entertainment industry to encourage others to do good.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$215,094$311,589▲ $96,495
Loans From Officers Directors$294,192--
Cash and Non-Interest-Bearing Accounts$487,075$62,694▼ $424,381
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Accounts Receivable$314,000$-45,000▼ $359,000
Total Assets$801,075$497,905▼ $303,170
Other Assets Total-$480,211-
Liabilities
Accounts Payable and Accrued Expenses$291,788$186,316▼ $105,472
Other Liabilities$1--
Total Liabilities$585,981$186,316▼ $399,665
Net Assets / Fund Balance
Total Net Assets Fund Balance$215,094$311,589▲ $96,495
Total Liabilities and Net Assets / Fund Balance$801,075$497,905▼ $303,170

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1--
Compensation and Service Providers

Board Members and Trustees

NameTitle
George GrobarPresident
Michelle SobrinoDirector
Paul WoolnoughSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Brooke TurpinFundraising--
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$734,168
All Other Contributions
$5,000
Change in Net Assets
$96,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$422,673
Grants and Similar Amounts Paid$220,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$413,698--$413,698
Grants to Domestic Orgs$220,000--$220,000
Fees for Services Accounting-$5,799-$5,799
Travel$3,000--$3,000
Other Expenses-$31-$31
Total Functional Expenses$636,698$5,975$0$642,673
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
74-3032829-501(c)(3)General Operating Support$20,000
68-0480736-501(c)(3)General Operating Support$17,500
04-3234202-501(c)(3)General Operating Support$15,000
95-2250801-501(c)(3)General Operating Support$15,000
23-7183563-501(c)(3)General Operating Support$12,500
95-1644609-501(c)(3)General Operating Support$11,000
31-1520709-501(c)(3)General Operating Support$11,000
26-3084565-501(c)(3)General Operating Support$11,000
20-5806345-501(c)(3)General Operating Support$11,000
52-2151557-501(c)(3)General Operating Support$11,000
27-3491528-501(c)(3)General Operating Support$10,000
06-1718575-501(c)(3)General Operating Support$10,000
22-2882549-501(c)(3)General Operating Support$10,000
27-4382004-501(c)(3)General Operating Support$10,000
23-2993730-501(c)(3)General Operating Support$10,000
13-2947386-501(c)(3)General Operating Support$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,335,000
Fundraising Direct Expenses$600,832
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$710,000$710,000$252,982$457,018
Event 2$625,000$625,000$300,755$324,245
Total Events$1,335,000$1,335,000$553,737$781,263
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$294,192--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Certain members of the board of directors reviewed before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization regularly (quarterly board meetings) discusses and monitors compliance with their conflict of interest policy.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are made available for public inquiry at the office of the organization during regular business hours.

Filing and Contact Details

Filer

EIN
32-0326794

Signing Officer

Name
Paul Woolnough
Title
Secretary
Signed
2015-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Grobar
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Preparer
Renee Ordeneaux
Phone
3104784148
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0553737
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0710000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0625000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt01335000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0710000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0625000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01335000
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0POWER OF WOMEN
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0POWER OF WOMEN NEW YORK
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0781263
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0553737
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0252982
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0300755
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt212500
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/CashGrantAmt511000
IRS990ScheduleI/RecipientTable/CashGrantAmt611000
IRS990ScheduleI/RecipientTable/CashGrantAmt715000
IRS990ScheduleI/RecipientTable/CashGrantAmt820000
IRS990ScheduleI/RecipientTable/CashGrantAmt911000
IRS990ScheduleI/RecipientTable/CashGrantAmt1010000
IRS990ScheduleI/RecipientTable/CashGrantAmt1111000
IRS990ScheduleI/RecipientTable/CashGrantAmt1210000
IRS990ScheduleI/RecipientTable/CashGrantAmt1315000
IRS990ScheduleI/RecipientTable/CashGrantAmt1411000
IRS990ScheduleI/RecipientTable/CashGrantAmt1517500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc14501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc15501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt150
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt15GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10A BROADERWAY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11AFGHAN HANDS INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12AFIPO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine13CITY YEAR
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine14DR HAWA ABDI FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine15ENTERTAINMENT INDUSTRY FOUNDA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine16GCAPP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine17GLSEN INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine18LIFE ROLLS ON
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine19LOPEZ FAMILY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine110MIREMBE PROJECT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine111NEW VENTURE FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine112NEW YORK CITY BALLET
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine113UCLA FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine114VITAL VOICES GLOBAL PARTNERSH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine115YOUNG EINSER SCHOLARS
IRS990ScheduleI/RecipientTable/RecipientEIN0273491528
IRS990ScheduleI/RecipientTable/RecipientEIN1061718575
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IRS990ScheduleI/RecipientTable/RecipientEIN8743032829
IRS990ScheduleI/RecipientTable/RecipientEIN9263084565
IRS990ScheduleI/RecipientTable/RecipientEIN10232993730
IRS990ScheduleI/RecipientTable/RecipientEIN11205806345

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