2026-03-24T18:33:08-05:00 2025-06-30 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2024-07-01 951919219 VARIETY BOYS & GIRLS CLUB VARI 3232693177 2530 CINCINNATI STREET LOS ANGELES CA 90033 DEBORAH GRAZIANO TREASURER 3232693177 2026-03-18 1 0 REGINA L PRINCE CPA P00576936 2138731700 2024 2025-03-06 01:10:19Z PATRICIA SIQUEIROS 2530 CINCINNATI STREET LOS ANGELES CA 90033 5550916 0 X WWW.VBGC.ORG X 1947 CA THE MISSION OF THE VARIETY BOYS & GIRLS CLUB (VBGC) IS TO PROVIDE INNOVATIVE AND STIMULATING ACADEMIC, LEADERSHIP AND ATHLETIC PROGRAMMING IN A SAFE AND NURTURING ENVIRONMENT TO THE UNDERSERVED CHILDREN AND FAMILIES OF BOYLE HEIGHTS. OUR VISION IS THAT ALL CHILDREN WILL HAVE AN OPPORTUNITY TO EXCEL IN SCHOOL AND CAREER AND CONTRIBUTE FULLY TO SOCIETY. 23 23 46 51 -65 0 2294157 2578479 0 0 249248 306490 49153 136776 2592558 3021745 26250 112006 0 0 1474900 1606658 0 0 97376 1169930 1256976 2671080 2975640 -78522 46105 13446046 13325939 441319 302164 13004727 13023775 X THE CORPORATION SHALL RUN, OPERATE AND CONDUCT A BOYS AND GIRLS' CLUB IN EAST LOS ANGELES, PROVIDE EDUCATIONAL, RECREATIONAL, CHARITABLE AND GUIDANCE PROGRAMS TO CHILDREN AGES 7 TO 17. 0 0 2631157 112006 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 1,800 KIDS PARTICIPATE IN A PROGRAM OR SERVICE VBGC OFFERS. 2631157 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2 0 1 46 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X PATRICIA SIQUEIROS 3232693177 2530 CINCINNATI STREET LOS ANGELES CA 90033 ASUSENA HUEZO DIRECTOR 2.00 X 0 0 0 BEN CEJA DIRECTOR 2.00 X 0 0 0 DALE DAVISON SECRETARY 2.00 X X 0 0 0 DAVID KOHN DIRECTOR 2.00 X 0 0 0 DEBBIE GRAZIANO DIRECTOR 2.00 X 0 0 0 DULCE ACOSTA DIRECTOR 2.00 X 0 0 0 FRANK BROWN TREASURER 2.00 X X 0 0 0 GABRIEL MARQUEZ PRESIDENT 2.00 X X 0 0 0 HORTENCIA GARCIA DIRECTOR 2.00 X 0 0 0 JAY SWERDLOW DIRECTOR 2.00 X 0 0 0 JOHN MENCHACA CPA MS TAX DIRECTOR 2.00 X 0 0 0 JUAN RAMOS DIRECTOR 2.00 X 0 0 0 LYNDON GOLIN DIRECTOR 2.00 X 0 0 0 MICHAEL ALVAREZ JR VICE PRESIDENT 2.00 X X 0 0 0 PATRICIA GONZALEZ DIRECTOR 2.00 X 0 0 0 SCOTT FORMAN DIRECTOR 2.00 X 0 0 0 SHAUAN BARBER CO-PRESIDENT 2.00 X X 0 0 0 STEPHEN DEM DIRECTOR 2.00 X 0 0 0 STEVE GLUSKER DIRECTOR 2.00 X 0 0 0 WILL TAO DIRECTOR 2.00 X 0 0 0 YEHUDA HAZIZA DIRECTOR 2.00 X 0 0 0 DAX MARK DIRECTOR 2.00 X 0 0 0 SANDY WILK DIRECTOR 2.00 X 0 0 0 PATRICIA SIQUEIROS EXECUTIVE DIRECTOR 40.00 X 110995 0 25749 110995 0 25749 1 0 0 0 0 386771 300000 1891708 30848 2578479 76610 76610 2705051 2475171 229880 229880 229880 54000 386771 54000 0 GAIN ON EXTINGUISHMENT OF DEBT 900099 100000 100000 K-1'S FROM PARTNERSHIPS 523900 36776 -65 36841 136776 3021745 0 -65 443331 X 112006 112006 136744 124007 10844 1893 1191120 1060757 112275 18088 20631 18373 1945 313 154360 152816 463 1081 103803 92442 9785 1576 50191 42161 7529 501 60948 51197 9143 608 83925 28259 55600 66 18419 18236 54 129 170134 168433 510 1191 26388 26388 284707 281860 854 1993 118594 117408 356 830 OTHER PROGRAM EXPENSES 180495 180495 EVENT EXPENSES 68658 68658 EQUIPMENT REPAIRS 64240 63598 193 449 DUES & SUBSCRIPTIONS 38151 26706 11445 92126 66015 26111 2975640 2631157 247107 97376 229989 216941 17783 26275 781085 519566 37465 38254 10294689 3478264 6956810 6816425 2542622 2793896 506237 540527 2374055 2374055 13446046 13325939 141319 252164 200000 50000 100000 0 441319 302164 X 8004201 8191954 5000526 4831821 13004727 13023775 13446046 13325939 46105 -27057 0 X 0 1 X 1 0 X 2112208 2081302 2304967 2294157 2578479 11371113 2112208 2081302 2304967 2294157 2578479 11371113 1045855 10325258 108518 77395 71886 89377 76610 423786 460 -65 395 48000 23283 98468 138599 190841 499191 12294485 0.83980 0.86540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 7,210. 2022 AMOUNT: $ 1,962. 2023 AMOUNT: $ 1,764. GROSS FUNDRAISING INCOME - 2020 AMOUNT: $ 40,790. 2021 AMOUNT: $ 23,283. 2022 AMOUNT: $ 91,163. 2023 AMOUNT: $ 89,906. 2024 AMOUNT: $ 54,000. K-1 FROM PARTNERSHIP - 2022 AMOUNT: $ 5,343. 2023 AMOUNT: $ 23,447. 2024 AMOUNT: $ 36,841. GAIN ON EXTINGUISHMENT OF DEBT - 2023 AMOUNT: $ 23,482. 2024 AMOUNT: $ 100,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4173441 92817 4266258 4027396 146045 4173441 3954776 72620 4027396 4058169 -103393 3954776 3877864 180305 4058169 0.00000 1.00000 0.00000 0 0 970000 970000 7621698 2664612 4957086 889885 299817 590068 466251 306768 159483 346855 207067 139788 6816425 BENEFICIAL INTEREST IN ASSETS HELD IN TRUST INVESTMENTS 2374055 2374055 X 3156688 -27057 162000 134943 3021745 0 3021745 3137640 162000 162000 2975640 0 2975640 PART V, LINE 4: THE CLUB'S ENDOWMENT (THE ENDOWMENT) CONSISTS OF FUNDS ESTABLISHED BY DONORS TO PROVIDE FUNDING FOR SPECIFIC ACTIVITIES AND GENERAL OPERATIONS. PART X, LINE 2: THE CLUB IS RECOGNIZED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ORGANIZATION IS CLASSIFIED AS A PUBLIC CHARITY UNDER IRC SECTION 170(B)(1)(A)(VI). ACCORDINGLY, THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME DERIVED FROM ACTIVITIES SUBSTANTIALLY RELATED TO ITS EXEMPT PURPOSES. AS SUCH, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. TO MAINTAIN ITS TAX-EXEMPT STATUS, THE CLUB MUST CONTINUE TO SATISFY THE ORGANIZATIONAL AND OPERATIONAL REQUIREMENTS OF IRC SECTION 501(C)(3), INCLUDING OPERATING EXCLUSIVELY FOR CHARITABLE PURPOSES, REFRAINING FROM PROHIBITED POLITICAL OR LOBBYING ACTIVITIES, AND ENSURING THAT ITS RESOURCES ARE USED TO FURTHER ITS EXEMPT PURPOSES. MANAGEMENT MONITORS THE ORGANIZATION'S ACTIVITIES AND FINANCIAL OPERATIONS AND BELIEVES THAT THE ORGANIZATION CONTINUES TO MEET ALL APPLICABLE CONDITIONS NECESSARY TO MAINTAIN ITS FEDERAL AND STATE TAX-EXEMPT STATUS. NOTWITHSTANDING ITS TAX-EXEMPT STATUS, THE CLUB IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET INCOME GENERATED FROM ACTIVITIES THAT CONSTITUTE UNRELATED BUSINESS TAXABLE INCOME ("UBTI") UNDER IRC SECTIONS 511514. MANAGEMENT HAS EVALUATED ALL SIGNIFICANT REVENUE STREAMS AND ASSESSED THE POTENTIAL FOR UBTI. BASED ON THIS EVALUATION, MANAGEMENT HAS CONCLUDED THAT ANY UBTI, IF PRESENT, WOULD NOT RESULT IN A LIABILITY MATERIAL TO THE ACCOMPANYING FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION FOR UBTI HAS BEEN RECORDED. THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES. ASC 740 REQUIRES THAT A TAX POSITION BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY WHEN IT IS MORE-LIKELY-THAN-NOT, BASED ON ITS TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITIES. TAX POSITIONS THAT DO NOT MEET THIS THRESHOLD ARE CONSIDERED UNCERTAIN TAX POSITIONS AND WOULD GIVE RISE TO A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, WHICH REPRESENTS THE POTENTIAL AMOUNT OF TAX BENEFIT THAT COULD BE DISALLOWED. MANAGEMENT HAS REVIEWED ALL SIGNIFICANT TAX POSITIONS, INCLUDING THE ORGANIZATION'S ONGOING QUALIFICATION FOR TAX-EXEMPT STATUS, COMPLIANCE WITH THE OPERATIONAL AND ORGANIZATIONAL REQUIREMENTS OF IRC SECTION 501(C)(3), AND THE POTENTIAL FOR UNRELATED BUSINESS INCOME. BASED ON THIS REVIEW, MANAGEMENT HAS CONCLUDED THAT IT IS MORE-LIKELY THAN-NOT THAT ALL MATERIAL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS HAS BEEN RECORDED, AND NO INTEREST OR PENALTIES HAVE BEEN ACCRUED, AS MANAGEMENT BELIEVES ANY SUCH AMOUNTS WOULD NOT BE MATERIAL TO THE FINANCIAL STATEMENTS. CHANGES IN FACTS, CIRCUMSTANCES, OR INTERPRETATIONS OF TAX LAWS COULD, HOWEVER, RESULT IN ADJUSTMENTS IN THE FUTURE, THE AMOUNTS OF WHICH CANNOT BE REASONABLY ESTIMATED AT THIS TIME. THE CLUB'S FEDERAL INFORMATION RETURNS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS FROM THE DATE OF FILING, AND ITS STATE INFORMATION RETURNS REMAIN SUBJECT TO EXAMINATION BY CALIFORNIA TAXING AUTHORITIES FOR FOUR YEARS FROM THE DATE OF FILING. MANAGEMENT IS NOT AWARE OF ANY ONGOING OR PROPOSED EXAMINATIONS FOR PERIODS STILL OPEN UNDER THE APPLICABLE STATUTE OF LIMITATIONS. GOLF TOURNAMENT 249760 195760 54000 25140 27497 1363 END OF YEAR ASK 187604 187604 1 3407 3407 440771 386771 54000 25140 27497 1363 54000 0 1 SCHOLARSHIPS 17 112006 BOOK PART I, LINE 2: SENIORS IN HIGH SCHOOL ARE ABLE TO APPLY FOR A SCHOLARSHIP VIA AN APPLICATION PROCESS. APPLICATIONS ARE REVIEWED TO MAKE SURE THE APPLICANT MEETS THE CRITERIA FOR THE DIFFERENT SCHOLARSHIPS OFFERED. IF THEY MEET THE CRITERIA FOR ANY OF THE SCHOLARSHIPS OFFERED, THEY ARE INVITED TO ATTEND THE INTERVIEW PROCESS WHERE THEY WILL BE INTERVIEWED BY THE DONORS. IF SELECTED BY ANY OF THE DONORS, THEY WILL RECEIVE A SCHOLARSHIP. APPLICANTS CAN RECEIVE MORE THAN ONE SCHOLARSHIP IF SELECTED MY MULTIPLE DONORS PRESENT. X SPORTS EQUIPMENT 87 30848 RESALE VALUE 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING IN PART I, COLUMN (B), THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE TAX RETURN IS SENT TO THE ORGANIZATION FOR REVIEW. THE EXECUTIVE DIRECTOR, TREASURER, AND THE REST OF THE BOARD MEMBERS MEET TO GO OVER THE TAX RETURN. AFTER THE DRAFT HAS BEEN REVIEWED AND APPROVED BY THE BOARD MEMBERS, THE TAX RETURN IS THEN FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C VBGC OFFICERS, DIRECTORS, AND STAFF MEMBERS IN LEADERSHIP POSITIONS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO AFFIRM ANNUALLY THAT THEY HAVE READ AND UNDERSTAND THE POLICY, AGREE TO COMPLY FULLY WITH ITS TERMS, AND THAT THEY HAVE REVIEWED THE LIST OF MATERIAL VBGC PAYEES AND PAYORS ATTACHED THERETO. DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS. EACH COVERED PERSON MUST PROMPTLY DISCLOSE TO THE VBGC'S EXECUTIVE COMMITTEE, IN WRITING, THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST INVOLVING SUCH PERSON WHEN SUCH CONFLICT ARISES. SUCH WRITTEN DISCLOSURE WILL INCLUDE ALL MATERIAL FACTS (INCLUDING WITHOUT LIMITATION THE IDENTIFICATION OF THE RELEVANT RELATIONSHIPS OR INTERESTS OF THE DISCLOSING PERSON, AS WELL AS THE RELEVANT VBGC MATTERS) TO THE EXTENT PERMITTED BY APPLICABLE LAW AND TO THE EXTENT SUCH FACTS ARE NOT PRIVILEGED, REASONABLY NECESSARY TO PERMIT THE BOARD OF DIRECTORS TO EVALUATE THE ACTUAL OR POTENTIAL CONFLICT OF INTEREST AND TO DETERMINE APPROPRIATE ACTION. DETERMINATIONS UNDER THE POLICY. THE BOARD OF DIRECTORS HAVE THE ULTIMATE AUTHORITY WITH RESPECT TO THE INTERPRETATION, APPLICATION AND ENFORCEMENT OF THE POLICY. THE BOARD OF DIRECTORS, ACTING BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS THEREOF, MAKE ALL DETERMINATIONS UNDER THE POLICY, INCLUDING (A) WHETHER TO APPROVE, SUBJECT TO THE REQUIREMENTS OF APPLICABLE LAW, ANY TRANSACTION OR ARRANGEMENT; (B) WHETHER AN ACTUAL OR POTENTIAL CONFLICT EXISTS; (C) WHETHER AN OFFICER, DIRECTOR OR STAFF MEMBER IN A LEADERSHIP POSITION HAS VIOLATED THE POLICY; (D) WHAT DISCIPLINARY, REMEDIAL OR OTHER ACTIONS ARE APPROPRIATE IN CONNECTION WITH ANY SUCH CONFLICT OR VIOLATION. THE BOARD OF DIRECTORS MAY DELEGATE DETERMINATIONS TO THE EXECUTIVE COMMITTEE. THOSE WITH AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARE NOT ENTITLED TO PARTICIPATE IN THE DELIBERATION OR DECISION-MAKING PROCESS AND MUST ABSTAIN FROM THE VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWED THE LATEST COMPENSATION DATA FROM THE CENTER FOR NON-PROFIT MANAGEMENT COMPENSATION AND BENEFITS SURVEY TO ANALYZE DATA FROM COMPARABLE ORGANIZATIONS (BY SIZE, NUMBER OF EMPLOYEES, AREA OF SERVICE, LENGTH OF TIME IN POSITION). IN ADDITION, THE EXECUTIVE COMMITTEE LOOKED AT COMPENSATION DATA FOR LOCAL LOS ANGELES NON-PROFIT ORGANIZATIONS AS LISTED ON THEIR 990 TAX FORMS. THE DOCUMENTATION OF THE EXECUTIVE COMMITTEE INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HOWEVER, CURRENT TAX LAW DOES NOT REQUIRE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS BE PROVIDED TO THE PUBLIC. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 6,612. MANAGEMENT AND GENERAL EXPENSES 1,181. FUNDRAISING EXPENSES 78. TOTAL EXPENSES 7,871. CONSULTANT: PROGRAM SERVICE EXPENSES 44,585. MANAGEMENT AND GENERAL EXPENSES 7,962. FUNDRAISING EXPENSES 530. TOTAL EXPENSES 53,077. FORM 990, PART IX, LINE 24E TOY GIVE AWAYS: PROGRAM SERVICE EXPENSES 34,117. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,117. IN-KIND EXPENSES: PROGRAM SERVICE EXPENSES 30,848. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,848. PROVISION FOR UNCOLLECTIBLE GRANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 23,661. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,661. PUBLIC RELATION EXPENSES: PROGRAM SERVICE EXPENSES 1,050. MANAGEMENT AND GENERAL EXPENSES 2,450. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,500.