Varsity Team Inc
- Assets
- $2.6m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 74
- Location
- San Diego, CA
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 42-1539509
Organization Overview
Varsity Team Inc is located in San Diego, CA. The organization was established in 2002. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2022, Varsity Team Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Varsity Team Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Varsity Team Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GROUP HOME SERVICES TO DISADVANTAGED INDIVIDUALS UNDER THE GUIDE LINES AND FUNDING OF THE COUNTY OF SAN DIEGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GROUP HOME SERVICES TO DISADVANTAGED INDIVIDUALS UNDER THE GUIDE LINES AND FUNDING OF THE COUNTY OF SAN DIEGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Dahlstedt Co Executive Director | 40 | $100,400 | |
Lance Hickman Co Executive Director | 40 | $100,400 | |
Erin Hughes Treasurer | OfficerTrustee | 0 | $0 |
Theresa Capanis Secretary | OfficerTrustee | 0 | $0 |
Jackie Guerra Member | Trustee | 0 | $0 |
Chris Filasky President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,223,836 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,235,006 |
| Total Program Service Revenue | $3,943,852 |
| Investment income | $129,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,647 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,318,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,800 |
| Compensation of current officers, directors, key employees. | $200,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,383,951 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $342,001 |
| Payroll taxes | $210,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,762 |
| Advertising and promotion | $14,710 |
| Office expenses | $24,389 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,327 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,122 |
| Insurance | $47,391 |
| All other expenses | $97,547 |
| Total functional expenses | $4,164,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,567 |
| Savings and temporary cash investments | $150,857 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $443,228 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,117 |
| Net Land, buildings, and equipment | $439,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,351,082 |
| Total assets | $2,626,563 |
| Accounts payable and accrued expenses | $218,894 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $218,894 |
| Net assets without donor restrictions | $2,407,669 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,626,563 |