Varsity E-Sports Foundation Inc
- Assets
- $350.6k
- Revenue
- $419.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Olathe, KS
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-2788888
Organization Overview
Varsity E-Sports Foundation Inc is located in Olathe, KS. The organization was established in 2019. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Varsity E-Sports Foundation 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 E-Sports Foundation Inc generated $419.5k in total revenue. All expenses for the organization totaled $98.0k during the year ending 12/2022. While expenses have increased by 38.2% per year over the past 3 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
VEF STRIVES TO CREATE AN INCLUSIVE, SAFE, AND ASPIRATIONAL NETWORK OF GAMING COMMUNITIES FOR ALL. WE PROVIDE GRANTS/FINANCIAL ASSISTANCE TO DISENFRANCHISED STUDENTS AND SCHOOLS AS WELL AS SCHOLARSHIPS TO STUDENTS THROUGH GAMING AND ESPORTS CLUBS IN SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VEF STRIVES TO CREATE AN INCLUSIVE, SAFE, AND ASPIRATIONAL NETWORK OF GAMING COMMUNITIES FOR ALL. WE PROVIDE GRANTS/FINANCIAL ASSISTANCE TO DISENFRANCHISED STUDENTS AND SCHOOLS AS WELL AS SCHOLARSHIPS TO STUDENTS THROUGH GAMING AND ESPORTS CLUBS IN SCHOOLS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chambliss Shillinglaw Treasurer | Trustee | 0 | $0 |
Christopher Turner Secretary | Trustee | 0 | $0 |
Christopher L Gaeddert Executive Director | Trustee | 40 | $0 |
Kristy Custer Vice Chairman | Trustee | 0 | $0 |
Mason Mullenioux Chairman | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $412,494 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,616 |
| Total Program Service Revenue | $2,855 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,769 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $46,175 |
| Compensation of current officers, directors, key employees. | $46,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $833 |
| Advertising and promotion | $0 |
| Office expenses | $377 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $778 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $838 |
| Total functional expenses | $98,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,479 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,157 |
| Total assets | $350,636 |
| Accounts payable and accrued expenses | -$113 |
| 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 | -$113 |
| Net assets without donor restrictions | $0 |
| 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 | $350,749 |
| Total liabilities and net assets/fund balances | $350,636 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Varsity E-Sports Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Msjb Family Foundation Dakota Dunes, SD PURPOSE: GENERAL OPERATIONS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Completely Kids Omaha, NE | $26,441,934 | $8,738,088 |
Colorado Youth For A Change Denver, CO | $1,559,265 | $5,423,176 |
Kingdom House St Louis, MO | $3,626,338 | $5,069,438 |
Oklahoma Alliance Of Ymcas Inc Oklahoma City, OK | $389,109 | $2,930,749 |
A Million Stars Inc St Louis, MO | $6,740,657 | $2,484,208 |
Geneva Glen Camp Incorporated Indian Hills, CO | $9,204,342 | $3,964,068 |
Illuminate Colorado Inc Denver, CO | $1,321,763 | $2,672,102 |
Thrive Inc Oklahoma City, OK | $1,516,185 | $2,804,552 |
Oconnell Youth Ranch Inc Lawrence, KS | $3,548,412 | $2,713,578 |
Ujiri Foundation Inc Denver, CO | $1,019,174 | $1,963,081 |
Saving Moses Centennial, CO | $1,436,393 | $1,895,438 |
Missouri Youth Services Institute Jefferson City, MO | $2,436,693 | $1,779,459 |