Civic Intelligence

Varsity Team Inc.

990 • Fiscal year 2015 • EIN 42-1539509

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 31, 2016

PO Box 26633San Diego, CA 92196

(858) 272-2806

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.38x

Higher debt load relative to assets than 73% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

41st percentile

0.07x

Higher debt load relative to revenue than 41% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

53rd percentile

3.7%

Higher net margin than 53% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

59th percentile

$80,067

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

82nd percentile

20%

Faster asset growth than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

42%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$375,713

Up $62,770 (+20%) from 2014

Net Assets

Up

$233,875

Up $75,079 (+47%) from 2014

Liabilities

Down

$141,838

Down $12,309 (-8.0%) from 2014

Revenue

Up

$2,014,406

Up $593,008 (+42%) from 2014

Expenses

Up

$1,939,327

Up $553,272 (+40%) from 2014

Net Income

Up

$75,079

Up $39,736 (+112%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $334,033Liabilities 2010: $56,691Net Assets 2010: $277,3422010Assets 2011: $235,707Liabilities 2011: $53,334Net Assets 2011: $182,3732011Assets 2012: $190,255Liabilities 2012: $56,280Net Assets 2012: $133,9752012Assets 2013: $192,841Liabilities 2013: $69,388Net Assets 2013: $123,4532013Assets 2014: $312,943Liabilities 2014: $154,147Net Assets 2014: $158,7962014Assets 2015: $375,713Liabilities 2015: $141,838Net Assets 2015: $233,8752015Assets 2016: $473,242Liabilities 2016: $83,863Net Assets 2016: $389,3792016Assets 2017: $712,612Liabilities 2017: $101,731Net Assets 2017: $610,8812017Assets 2018: $687,595Liabilities 2018: $120,286Net Assets 2018: $567,3092018Assets 2019: $637,232Liabilities 2019: $135,632Net Assets 2019: $501,6002019Assets 2020: $1,103,056Liabilities 2020: $198,400Net Assets 2020: $904,6562020Assets 2021: $1,446,243Liabilities 2021: $192,617Net Assets 2021: $1,253,6262021Assets 2022: $2,626,563Liabilities 2022: $218,894Net Assets 2022: $2,407,6692022Assets 2023: $2,272,298Liabilities 2023: $318,716Net Assets 2023: $1,953,5822023Assets 2024: $1,901,365Liabilities 2024: $253,103Net Assets 2024: $1,648,2622024

Highlighted filing

2015

Assets$375,713
Liabilities$141,838
Net Assets$233,875

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $899,9142010Revenue 2011: $1,001,326Expenses 2011: $1,096,295Net Income 2011: -$94,9692011Revenue 2012: $1,008,041Expenses 2012: $1,056,439Net Income 2012: -$48,3982012Revenue 2013: $1,068,994Expenses 2013: $1,079,516Net Income 2013: -$10,5222013Revenue 2014: $1,421,398Expenses 2014: $1,386,055Net Income 2014: $35,3432014Revenue 2015: $2,014,406Expenses 2015: $1,939,327Net Income 2015: $75,0792015Revenue 2016: $2,228,170Expenses 2016: $2,072,666Net Income 2016: $155,5042016Revenue 2017: $2,560,876Expenses 2017: $2,339,374Net Income 2017: $221,5022017Revenue 2018: $2,560,943Expenses 2018: $2,604,515Net Income 2018: -$43,5722018Revenue 2019: $2,536,027Expenses 2019: $2,601,735Net Income 2019: -$65,7082019Revenue 2020: $3,504,868Expenses 2020: $3,101,812Net Income 2020: $403,0562020Revenue 2021: $4,030,641Expenses 2021: $3,681,671Net Income 2021: $348,9702021Revenue 2022: $5,318,163Expenses 2022: $4,164,120Net Income 2022: $1,154,0432022Revenue 2023: $3,615,949Expenses 2023: $4,070,036Net Income 2023: -$454,0872023Revenue 2024: $3,790,009Expenses 2024: $4,095,329Net Income 2024: -$305,3202024

Highlighted filing

2015

Revenue$2,014,406
Expenses$1,939,327
Net Income$75,079
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 31, 2016
Return Version
2015v2.0
Gross Receipts
$2,026,084
Mission and Program Overview

Mission

Provide group home services to disadvantaged individuals under the guide lines and funding of the County of San Diego.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$197,575$170,023▼ $27,552
Cash and Non-Interest-Bearing Accounts$22,300$88,604▲ $66,304
Land, Buildings, and Equipment, Net$69,181$74,372▲ $5,191
Prepaid Expenses and Deferred Charges$23,887$42,714▲ $18,827
Loans From Officers Directors$24,000--
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$312,943$375,713▲ $62,770
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$81,039$88,331▲ $7,292
Mortgage Notes Payable Secured by Investment Property$44,881$53,507▲ $8,626
Other Liabilities$4,227--
Total Liabilities$154,147$141,838▼ $12,309
Net Assets / Fund Balance
Unrestricted Net Assets$158,796$233,875▲ $75,079
Total Net Assets Fund Balance$158,796$233,875▲ $75,079
Total Liabilities and Net Assets / Fund Balance$312,943$375,713▲ $62,770

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$14,367$22,377-
Equipment$60,005$85,320-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lance HickmanMemberFT$80,067$80,067
Coleen WhitelawSecretary-$52,583$52,583

Board Members and Trustees

NameTitle
Theresa CapanisPresident
Jackie GuerraMember
Drew DahlstdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,732
Program Service Revenue
$1,995,023
Investment Income
$3
Other Revenue
$5,648
All Other Contributions
$13,732
Change in Net Assets
$75,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,445,723
Other Expenses$493,604
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,036,176--$1,036,176
Other Employee Benefits$149,965$17,107-$167,072
Current Officers, Directors, Trustees, and Key Employees$26,530$106,120-$132,650
Payroll Taxes$99,854$9,971-$109,825
Occupancy$107,190--$107,190
All Other Expenses$17,858$28,486-$46,344
Other Expenses$33,159--$33,159
Insurance-$18,965-$18,965
Fees for Services Accounting-$9,736-$9,736
Office Expenses-$6,742-$6,742
Fees for Services Legal-$3,180-$3,180
Interest-$1,459-$1,459
Payment Travel Entrtnmnt Publicly Ofcl-$718-$718
Depreciation Depletion-$609-$609
Advertising-$60-$60
Total Functional Expenses$1,736,174$203,153$0$1,939,327
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,204
Fundraising Direct Expenses$11,678
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heads Invitational Golf Tournament$16,204$16,204-$16,204
Total Events$16,204$16,204$11,678$4,526
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$24,000--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Varsity Team Inc
EIN
42-1539509
Phone
8582722806
Address
PO BOX 26633, San Diego, CA 92196

Signing Officer

Name
Drew Dahlstd
Title
CFO
Signed
2016-10-31
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
66

Preparer

Firm
Ortega & Associates CPA
Address
5151 Shoreham Pl Suite 100, San Diego, CA 92122
Preparer
Mario G Ortega
Phone
8586232786
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt064690
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt036
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01995023
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0976735
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06426544
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt083121
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022377
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt036744
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016204
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0375713
IRS990/TotalAssetsGrp/BOYAmt0312943
IRS990/TotalAssetsGrp/EOYAmt0375713
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IRS990/TotalEmployeeCnt066
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0203153
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01736174
IRS990/TotalFunctionalExpensesGrp/TotalAmt01939327
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt0154147
IRS990/TotalLiabilitiesGrp/EOYAmt0141838
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0158796
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0233875

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.90$0.25$1.65$3.79$4.10$0.31
2023Detailed filing. Detailed filing data is available for this year.$2.27$0.32$1.95$3.62$4.07$0.45
2022Detailed filing. Detailed filing data is available for this year.$2.63$0.22$2.41$5.32$4.16$1.15
2021Detailed filing. Detailed filing data is available for this year.$1.45$0.19$1.25$4.03$3.68$0.35
2020Detailed filing. Detailed filing data is available for this year.$1.10$0.20$0.90$3.50$3.10$0.40
2019Detailed filing. Detailed filing data is available for this year.$0.64$0.14$0.50$2.54$2.60$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.69$0.12$0.57$2.56$2.60$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.10$0.61$2.56$2.34$0.22
2016Detailed filing. Detailed filing data is available for this year.$0.47$0.08$0.39$2.23$2.07$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.14$0.23$2.01$1.94$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.15$0.16$1.42$1.39$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.19$0.07$0.12$1.07$1.08$0.01
2012Summary only. Only limited summary data is available for this year.$0.19$0.06$0.13$1.01$1.06$0.05
2011Summary only. Only limited summary data is available for this year.$0.24$0.05$0.18$1.00$1.10$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.06$0.28$0.90