Varsity Team Inc
- Assets
- $1.4m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 74
- Location
- San Diego, CA
- Founding
- 11/2002
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Varsity Team Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 7 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
2021
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 |
|---|---|---|---|
Theresa Capanis Secretary | OfficerTrustee | 0 | $0 |
Erin Hughes Treasurer | OfficerTrustee | 0 | $0 |
Chris Filasky President | OfficerTrustee | 0 | $0 |
Jackie Guerra Member | Trustee | 0 | $0 |
Avery Dwayne Dees Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,580 |
| Total Program Service Revenue | $3,876,001 |
| Investment income | $60 |
| 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 | $4,030,641 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,299,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $297,619 |
| Payroll taxes | $173,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,984 |
| Fees for services: Accounting | $32,968 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,022 |
| Office expenses | $33,269 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,840 |
| 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 | $33,620 |
| Insurance | $35,406 |
| All other expenses | $88,636 |
| Total functional expenses | $3,681,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,448 |
| Savings and temporary cash investments | $500,440 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $350,325 |
| 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 | $40,555 |
| Net Land, buildings, and equipment | $447,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,446,243 |
| Accounts payable and accrued expenses | $192,617 |
| 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 | $192,617 |
| Net assets without donor restrictions | $1,253,626 |
| 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 | $1,446,243 |
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California Foundation For Independent Living Centers Sacramento, CA | $3,702,594 | $8,030,349 |
Community Access Network Non Profit Corporation Corona, CA | $7,199,298 | $6,228,219 |
Elder Care Alliance Alameda, CA | $36,709,405 | $4,507,097 |
Los Angeles Police Foundation Los Angeles, CA | $14,536,566 | $5,939,965 |
Our Little Helpers Inc Los Angeles, CA | $244,623 | $3,613,015 |
Arsolas Distribution Center And Community Services Oakland, CA | $0 | $4,046,289 |
Clatsop Community Action Astoria, OR | $4,439,328 | $4,346,082 |
Varsity Team Inc San Diego, CA | $1,446,243 | $4,030,641 |
Gay And Lesbian Community Center Of Southern Nevada Inc Las Vegas, NV | $5,552,973 | $4,438,307 |
The Mcgrath Family Foundaiton San Diego, CA | $52,533,946 | $3,369,326 |