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Nonprofiteer
← MILPITAS CHARITY BINGO INC

Form 990 for tax year 2022

Filed by MILPITAS CHARITY BINGO INC.

Totals

Total revenue
$2,904,271
Total expenses
$2,319,708
Contributions and grants received
$129,963
Grants paid
$1,311,685
Program service revenue
$0
Investment income
$496
Other revenue
$2,773,812
Total assets, end of year
$2,928,593
Total liabilities, end of year
$246,711
Net assets or fund balances, end of year
$2,681,882
Program services expenses (Part IX)
$2,103,090
Management and general expenses
$216,618
Fundraising expenses
$0
Program service expenses (Part III)
$2,103,090

Program services were 90.7% 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

    $129,963

  • 3 · Investment income

    total $496 · excluded $496

  • 9a · Gaming: gross income

    $19,535,981

  • 9b · Gaming: direct expenses

    $16,775,313

  • 9c · Net income from gaming

    total $2,760,668 · excluded $2,760,668

  • 10a · Gross sales of inventory

    $25,849

  • 10b · Cost of goods sold

    $17,751

  • 10c · Net income from sales of inventory

    total $8,098 · excluded $8,098

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,939 · excluded $2,939

  • 11b · Other revenue: ATM COMMISSIONS

    total $2,107 · excluded $2,107

  • 11e · Other revenue, total

    $5,046

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,311,685 · program services $1,311,685

  • 7 · Other salaries and wages

    total $485,531 · program services $485,531

  • 10 · Payroll taxes

    total $36,299 · program services $36,299

  • 11c · Fees: accounting

    total $35,250 · management and general $35,250

  • 11g · Fees: other

    total $152,194 · program services $152,194

  • 12 · Advertising and promotion

    total $61,698 · program services $61,698

  • 13 · Office expenses

    total $193,555 · program services $12,187 · management and general $181,368

  • 17 · Travel

    total $2,147 · program services $2,147

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $41,309 · program services $41,309

  • 24b · Other expenses: PAYROLL EXPENSES

    total $40 · program services $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,159 · end of year $258,319

  • 2 · Savings and temporary cash investments

    beginning of year $1,163,652 · end of year $982,675

  • 8 · Inventories for sale or use

    beginning of year $69,509

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,999 · end of year $6,512

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

    $1,612,967

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

    $182,068

  • 10c · Land, buildings and equipment, net

    beginning of year $709,531 · end of year $1,430,899

  • 15 · Other assets

    beginning of year $200,000 · end of year $250,188

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,803 · end of year $149,984

  • 23 · Secured mortgages and notes payable

    beginning of year $96,727 · end of year $96,727

  • 27 · Net assets without donor restrictions

    beginning of year $2,083,320 · end of year $2,681,882

Mission and programs · 2022

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 IMPROVE OUR COMMUNITY'S FAMILIES, NEIGHBORHOODS, AND BUSINESSES.

  • MILPITAS CHARITY BINGO IS A NON-PROFIT BINGO OPERATION THAT RAISES FUNDS FOR THE BENEFIT OF LOCAL CHARITIES AND ORGANIZATIONS. DURING THE YEAR OF 2022, MILPITAS CHARITY BINGO RAISED $1,311,685 FOR THE BENEFIT 30 LOCAL CHARITIES IN THE COMMUNITY.

    Expenses $2,103,090 · Grants $1,311,685 · Revenue $2,760,668

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ofrej Steve Gobin

    HEAD OF SECURITY

    Total calculated
    $150,000
    From this org
    $150,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Loren Vaccarezza

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Cliff Williams

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Christoper Riley

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Jeffrey Cortese

    TREASURER

    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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2022
Filed
11 November 2023
IRS schema version
2022v5.0
Source object
202333189349309433

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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