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Nonprofiteer
← MILPITAS CHARITY BINGO INC

Form 990 for tax year 2024

Filed by MILPITAS CHARITY BINGO INC.

Totals

Total revenue
$3,061,780
Total expenses
$3,072,012
Contributions and grants received
$177,688
Grants paid
$2,232,580
Program service revenue
$0
Investment income
$1,771
Other revenue
$2,882,321
Total assets, end of year
$5,107,104
Total liabilities, end of year
$3,590,855
Net assets or fund balances, end of year
$1,516,249
Program services expenses (Part IX)
$2,232,580
Management and general expenses
$839,432
Fundraising expenses
$0
Program service expenses (Part III)
$2,232,580

Program services were 72.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $177,688

  • 3 · Investment income

    total $1,771 · excluded $1,771

  • 9a · Gaming: gross income

    $29,540,913

  • 9b · Gaming: direct expenses

    $26,671,919

  • 9c · Net income from gaming

    total $2,868,994 · related or exempt $2,868,994

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $12,550 · excluded $12,550

  • 11b · Other revenue: ATM COMMISSION

    total $777 · excluded $777

  • 11e · Other revenue, total

    $13,327

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,232,580 · program services $2,232,580

  • 11c · Fees: accounting

    total $61,970 · management and general $61,970

  • 11g · Fees: other

    total $337,127 · management and general $337,127

  • 12 · Advertising and promotion

    total $38,890 · management and general $38,890

  • 13 · Office expenses

    total $47,721 · management and general $47,721

  • 17 · Travel

    total $85,639 · management and general $85,639

  • 23 · Insurance

    total $419 · management and general $419

  • 24a · Other expenses: CREDIT CARD FEE

    total $243,172 · management and general $243,172

  • 24b · Other expenses: MEMBERSHIP DUES AND SUB

    total $16,200 · management and general $16,200

  • 24c · Other expenses: MISCELLANEOUS

    total $7,584 · management and general $7,584

  • 24d · Other expenses: OTHER TAXES AND LICENSE

    total $710 · management and general $710

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $421,987 · end of year $299,322

  • 2 · Savings and temporary cash investments

    beginning of year $168,091 · end of year $315,317

  • 8 · Inventories for sale or use

    beginning of year $77,092 · end of year $101,102

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,375 · end of year $30,623

  • 10a · Land, buildings and equipment: cost or other basis

    $1,924,025

  • 10b · Land, buildings and equipment: accumulated depreciation

    $531,041

  • 10c · Land, buildings and equipment, net

    beginning of year $1,342,717 · end of year $1,392,984

  • 15 · Other assets

    beginning of year $250,000 · end of year $2,967,756

  • 17 · Accounts payable and accrued expenses

    beginning of year $239,049 · end of year $748,908

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,841,947

  • 27 · Net assets without donor restrictions

    beginning of year $2,052,213 · end of year $1,516,249

Mission and programs · 2024

Mission

MILPITAS CHARITY BINGO IS COMMITTED TO IMPROVING OUR COMMUNITY'S FAMILIES, NEIGHBORHOODS, AND BUSINESSES. WE BELIEVE THAT EVERYONE HAS A RESPONSIBILITY TO ASSIST OTHERS IN NEED AND WE STRIVE TO IMPROVE THE QUALITY OF LIFE FOR ALL OF OUR NEIGHBORS, FRIENDS, AND EVEN THOSE WE DO NOT KNOW. HELPING TO MEET THE EDUCATIONAL, SPIRITUAL AND DAY-TO-DAY NEEDS OF ALL OF OUR CITIZENS IS OUR MISSION.

Activities or mission (Part I)

TO PROVIDE SUPPORT TO NON-PROFITS IN ORDER TO IMPROVE OUR COMMUNITY.

  • MILPITAS CHARITY BINGO IS A NON-PROFIT BINGO OPERATION THAT RAISES FUNDS FOR THE BENEFIT OF LOCAL CHARITIES AND ORGANIZATIONS. DURING THE YEAR OF 2024, MILPITAS CHARITY BINGO RAISED $2,232,580 FOR THE BENEFIT MANY LOCAL CHARITIES IN THE COMMUNITY.

    Expenses $2,232,580 · Grants $2,232,580 · Revenue $2,868,994

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • OFREJ STEVE GOBIN LEFT 111

    HEAD OF SECURITY

    Total calculated
    $218,064
    From this org
    $206,269
    From related orgs
    $0
    Other
    $11,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,269
    Bonus
    $0
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $3,795
    Filer's total
    $218,064

  • JOSE D NAVARRO

    ASSISTANT HEAD OF SECURITY

    Total calculated
    $192,122
    From this org
    $181,887
    From related orgs
    $0
    Other
    $10,235
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,887
    Bonus
    $0
    Other
    $0
    Deferred
    $7,537
    Nontaxable benefits
    $2,698
    Filer's total
    $192,122

  • LOREN VACCAREZZA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • CLIFF WILLIAMS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • JEFFREY CORTESE

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • CHRISTOPER RILEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • MARK DETAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513169349308496

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