Variety-the Childrens Charity of the United States

Nonprofit profile at a glance

EIN
251794405
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Culver City, CA, USA
Phone
3239540820
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Private Independent Foundations

Reported finances

Revenue
$1,540,346
Expenses
$1,311,127
Assets
$948,408
Liabilities
$96,540

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • ERICA LOPEZ (EXECUTIVE DIRECTOR)
  • STAN W REYNOLDS (President)

Highest reported compensation

  • ERICA LOPEZ (EXECUTIVE DIRECTOR): $110,228 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Act as the national cooperative for all variety chapters in the united states through a regional network of tents and representatives. It shall help coordinate resources, develop programs and cooperative fundraising strategies. Furthermore, usv shall elect officers to administer usv and its national programs, and to supervise and direct the u.s. Chapters as herein set forth in the bylaws.

What it reported doing in 2024

Variety - the children's charity (usv) office is a national collective for local variety offices across the united states. Usv oversees national fundraising campaigns to support the 17 locations nationwide, including partnering with major motion picture studios and national theatre circuits selling gold heart pins to raise funds to be distributed by usv and the local tents. Usv also provides durable medical equipment to children with special needs in areas not served by a variety chapter. Usv holds a conference for the north american chapters to learn, share ideas, and network.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 88% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 73
  • Accountability: 90
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.6%; rating input score 73
  • Program expense ratio: 96.4%; rating input score 96
  • Fundraising efficiency: $73.64 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 34.9%; rating input score 35; 27th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.9%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 0.72; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 8.4%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 35.3% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 43.8% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 18.1% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 72.6% of revenue deployed · 96.4% of spending went to programs
  • Governance: 13 of 13 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.3M in reported program spending
  • Leadership: top reported pay $110K · 14 people listed
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 12 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Grant itemization coverage scored 35/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.