Janice Michelle Foundation Inc

New York, NY
Tax-exempt since March 1999
EIN: 11-3458719

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$220k (2024)

Expenses

$71.8k (2024)

Total Assets

$2.39M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2024

Revenue

$219,875

Expenses

$71,758

Net Income

$148,117

Net Assets

$2,393,236

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,350	2.0%
Interest Revenue	$9	0.0%
Dividends	$67,360	30.6%
Sales of Assets	$148,156	67.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$58,568	81.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,393,236
Total Liabilities	$0
Net Assets	$2,393,236

Compensation

Key Employees and Officers	Compensation	Other
George Varsam (President/Treasurer)	$0	$0
Lori Varsam (Vice Pres/Secretary)	$0	$0
Alex Zawoloka (Vice President)	$0	$0

990-PF

Filed on Feb. 13, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2023

Revenue

$65,878

Expenses

$110,089

Net Income

-$44,211

Net Assets

$2,245,119

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,350	> 100%
Interest Revenue	$117	0.2%
Dividends	$35,473	53.8%
Sales of Assets	-$120,062
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,320	92.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,245,119
Total Liabilities	$0
Net Assets	$2,245,119

Compensation

Key Employees and Officers	Compensation	Other
George Varsam (President/Treasurer)	$0	$0
Lori Varsam (Vice Pres/Secretary)	$0	$0
Fotios Varsam (Vice President)	$0	$0
Alex Zawoloka (Vice President)	$0	$0

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990-PF

Filed on Feb. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2022

Revenue

$332,610

Expenses

$89,910

Net Income

$242,700

Net Assets

$2,289,330

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,300	30.2%
Interest Revenue	$57	0.0%
Dividends	$16,917	5.1%
Sales of Assets	$215,336	64.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$87,210	97.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,289,330
Total Liabilities	$0
Net Assets	$2,289,330

Compensation

Key Employees and Officers	Compensation	Other
George Varsam (President/Treasurer)	$0	$0
Lori Varsam (Vice Pres/Secretary)	$0	$0
Fotios Varsam (Vice President)	$0	$0
Alex Zawoloka (Vice President)	$0	$0

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990-PF

Filed on Feb. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2021

Revenue

$151,271

Expenses

$58,092

Net Income

$93,179

Net Assets

$2,046,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,400	66.4%
Interest Revenue	$30	0.0%
Dividends	$79,758	52.7%
Sales of Assets	-$28,917
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,560	80.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,046,630
Total Liabilities	$0
Net Assets	$2,046,630

Compensation

Key Employees and Officers	Compensation	Other
George Varsam (President/Treasurer)	$0	$0
Lori Varsam (Vice Pres/Secretary)	$0	$0
Fotios Varsam (Vice President)	$0	$0
Alex Zawoloka (Vice President)	$0	$0

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990-PF

Filed on Feb. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2020

Revenue

$306,169

Expenses

$73,730

Net Income

$232,439

Net Assets

$1,953,450

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,380	32.8%
Interest Revenue	$189	0.1%
Dividends	$32,634	10.7%
Sales of Assets	$172,966	56.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,480	96.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,953,451
Total Liabilities	$1
Net Assets	$1,953,450

Compensation

Key Employees and Officers	Compensation	Other
George Varsam (President/Treasurer)	$0	$0
Lori Varsam (Vice Pres/Secretary)	$0	$0
Fotios Varsam (Vice President)	$0	$0
Alex Zawoloka (Vice President)	$0	$0

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990-PF

Filed on Feb. 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2019

Revenue

$55,094

Expenses

$179,768

Net Income

-$124,674

Net Assets

$1,721,011

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$101,717	> 100%
Interest Revenue	$711	1.3%
Dividends	$42,549	77.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$177,618	98.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,721,012
Total Liabilities	$1
Net Assets	$1,721,011

Compensation

Key Employees and Officers	Compensation	Other
George Varsam (President/Treasurer)	$0	$0
Lori Varsam (Vice Pres/Secretary)	$0	$0
Fotios Varsam (Vice President)	$0	$0
Alex Zawoloka (Vice President)	$0	$0

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990-PF

Filed on Feb. 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2018

Revenue

$200,047

Expenses

$86,052

Net Income

$113,995

Net Assets

$1,845,686

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,500	50.2%
Interest Revenue	$982	0.5%
Dividends	$10,023	5.0%
Sales of Assets	$88,542	44.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$79,155	92.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,845,686
Total Liabilities	$0
Net Assets	$1,845,686

Compensation

Key Employees and Officers	Compensation	Other
George Varsam (President/Treasurer)	$0	$0
Lori Varsam (Vice Pres/Secretary)	$0	$0
Fotios Varsam (Vice President)	$0	$0
Alex Zawoloka (Vice President)	$0	$0

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990-PF

Filed on Feb. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2017

Revenue

$238,233

Expenses

$131,800

Net Income

$106,433

Net Assets

$1,731,691

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$104,050	43.7%
Interest Revenue	$191	0.1%
Dividends	$36,489	15.3%
Sales of Assets	$97,503	40.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$129,800	98.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,731,691
Total Liabilities	$0
Net Assets	$1,731,691

Compensation

Key Employees and Officers	Compensation	Other
George Varsam (President/Treasurer)	$0	$0
Lori Varsam (Vice Pres/Secretary)	$0	$0
Fotios Varsam (Vice President)	$0	$0
Alex Zawoloka (Vice President)	$0	$0

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990-PF

Filed on March 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2016

Revenue

$144,125

Expenses

$57,950

Net Income

$86,175

Net Assets

$1,625,258

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$151,050	> 100%
Interest Revenue	$11	0.0%
Dividends	$40,067	27.8%
Sales of Assets	-$47,003
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,750	96.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,625,258
Total Liabilities	$0
Net Assets	$1,625,258

Compensation

Key Employees and Officers	Compensation	Other
George Varsam (President/Treasurer)	$0	$0
Lori Varsam (Vice Pres/Secretary)	$0	$0
Fotios Varsam (Vice President)	$0	$0
Alex Zawoloka (Vice President)	$0	$0

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990-PF

Filed on Feb. 13, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2015

Revenue

$160,839

Expenses

$155,328

Net Income

$5,511

Net Assets

$1,539,083

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$101,545	63.1%
Interest Revenue	$17	0.0%
Dividends	$35,299	21.9%
Sales of Assets	$23,978	14.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$149,274	96.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,539,083
Total Liabilities	$0
Net Assets	$1,539,083

Compensation

Key Employees and Officers	Compensation	Other
George Varsam (President/Treasurer)	$0	$0
Lori Varsam (Vice Pres/Secretary)	$0	$0
Fotios Varsam (Vice President)	$0	$0
Alex Zawoloka (Vice President)	$0	$0

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990-PF

Filed on Feb. 11, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2014

Revenue

$458,155

Expenses

$99,246

Net Income

$358,909

Net Assets

$1,533,572

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$353,550	77.2%
Interest Revenue	$24	0.0%
Dividends	$18,405	4.0%
Sales of Assets	$86,176	18.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$97,146	97.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,533,572
Total Liabilities	$0
Net Assets	$1,533,572

Compensation

Key Employees and Officers	Compensation	Other
George Varsam (President/Treasurer)	$0	$0
Lori Varsam (Vice Pres/Secretary)	$0	$0
Fotios Varsam (Vice President)	$0	$0
Alex Zawoloka (Vice President)	$0	$0

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990-PF

Filed on Feb. 13, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2013

Revenue

$295,696

Expenses

$398,994

Net Income

-$103,298

Net Assets

$1,174,662

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$254,935	86.2%
Interest Revenue	$130	0.0%
Dividends	$25,260	8.5%
Sales of Assets	$15,371	5.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$395,994	99.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,174,663
Total Liabilities	$1
Net Assets	$1,174,662

990-PF

Filed on March 21, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2012

Revenue

$344,850

Expenses

$1,194,690

Net Income

-$849,840

Net Assets

$1,277,960

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$251,325	72.9%
Interest Revenue	$260	0.1%
Dividends	$79,185	23.0%
Sales of Assets	$14,080	4.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,191,413	99.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,277,961
Total Liabilities	$1
Net Assets	$1,277,960

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$112,114

Expenses

$128,086

Net Income

-$15,972

Net Assets

$2,127,801

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$104,790	93.5%
Interest Revenue	$1,984	1.8%
Dividends	$49,775	44.4%
Sales of Assets	$0
Other Income	$34	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$126,286	98.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,127,801
Total Liabilities	$0
Net Assets	$2,127,801

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated January 26, 2026

Janice Michelle Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $220k (2024)

Expenses $71.8k (2024)

Total Assets $2.39M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$220k (2024)

Expenses

$71.8k (2024)

Total Assets

$2.39M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001