Frank J B & Emma S Varallo Foundation Tr
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Frank J B & Emma S Varallo Foundation Tr is a 501(c)(3) organization based in Chattanooga, Tennessee, registered in 1989, with $795,947 in FY2024 revenue. CharityIndex grades it F.
629 Market St Ste 120, Chattanooga, TN, 37402 EIN 62-6225565 Since 1989
Revenue (FY2024)
$796K
▲ 199.7% vs prior year
Expenses (FY2024)
$1.4M
Net assets
$24.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Frank J B & Emma S Varallo Foundation Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating208 mo reserves · -74% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Frank J B & Emma S Varallo Foundation Tr: 208 mo reserves · -74% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Frank J B & Emma S Varallo Foundation Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Frank J B & Emma S Varallo Foundation Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 629 Market St Ste 120, Chattanooga, TN, 37402
- City
- Chattanooga
- State
- Tennessee
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $43K (FY2013) to $796K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $24.1M
Operating margin
-74.3%
Spent more than it raised in the latest fiscal year.
Total assets
$24.1M
Total liabilities
$0
Net assets
$24.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $795,947▲200% | $1,387,584▲32.4% | $24,076,711▼2.4% | $24,076,711▼2.4% | 990PF |
| 2023 | $265,580▼71.2% | $1,048,392▼38.5% | $24,668,348▼3.3% | $24,668,348▼3.3% | 990PF |
| 2022 | $921,726▼74.7% | $1,705,922▲159% | $25,501,160▼3.0% | $25,501,160▼3.0% | 990PF |
| 2021 | $3,638,235▲287% | $659,216▲68.8% | $26,285,356▲12.8% | $26,285,356▲12.8% | 990PF |
| 2020 | $940,159▲79.9% | $390,495▲13.8% | $23,306,337▲3.8% | $23,306,337▲3.8% | 990PF |
| 2018 | $522,744▼62.7% | $343,010▲90.8% | $22,463,497▲1.1% | $22,463,497▲1.1% | 990PF |
| 2017 | $1,401,462▼93.2% | $179,735▲36.2% | $22,228,415▲6.3% | $22,228,415▲6.3% | 990PF |
| 2016 | $20,629,797▲121088% | $131,985▲76.1% | $20,905,235▲5031% | $20,905,235▲5031% | 990PF |
| 2015 | $17,023▲45.0% | $74,945▼39.6% | $407,423▼12.4% | $407,423▼12.4% | 990PF |
| 2014 | $11,736▼73.0% | $124,099▲41.2% | $465,345▼19.4% | $465,345▼19.4% | 990PF |
| 2013 | $43,397 | $87,895▼12.4% | $577,708▼7.2% | $577,708▼7.2% | 990PF |
| 2012 | — | $100,326 | $622,206 | $622,206 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Frank J B & Emma S Varallo Foundation Tr a legitimate nonprofit?
- Yes. Frank J B & Emma S Varallo Foundation Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-6225565, based in Chattanooga, Tennessee. Donations are tax-deductible.
- What is Frank J B & Emma S Varallo Foundation Tr's EIN?
- Frank J B & Emma S Varallo Foundation Tr's Employer Identification Number (EIN) is 62-6225565.
- How much revenue does Frank J B & Emma S Varallo Foundation Tr report?
- Frank J B & Emma S Varallo Foundation Tr reported $795,947 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Frank J B & Emma S Varallo Foundation Tr have?
- CharityIndex grades Frank J B & Emma S Varallo Foundation Tr F, based on financial health (reserves and operating margin).
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Data for Frank J B & Emma S Varallo Foundation Tr (EIN 62-6225565) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.