Civic Intelligence

Varsity Media Foundation

990EZ • Fiscal year 2023 • EIN 88-2644306

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 21, 2024

Organization ProfileNONE
PO Box 3361Carefree, AZ 85377

(480) 220-4629

Siviq Scores

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

Liabilities / Assets

88th percentile

0.39x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

0.09x

Higher debt load relative to revenue than 82% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

34th percentile

-4.7%

Higher net margin than 34% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

25th percentile

-17%

Faster asset growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-7.7%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$25,341

Down $5,228 (-17%) from 2022

Net Assets

Down

$15,341

Down $5,228 (-25%) from 2022

Liabilities

Flat

$10,000

Flat from 2022

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin34th percentile

Revenue

Down

$111,026

Down $9,217 (-7.7%) from 2022

Expenses

Up

$116,254

Up $16,580 (+17%) from 2022

Net Income

Down

-$5,228

Down $25,797 (-125%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$80K$60K$40K$20K$0Assets 2022: $30,569Liabilities 2022: $10,000Net Assets 2022: $20,5692022Assets 2023: $25,341Liabilities 2023: $10,000Net Assets 2023: $15,3412023Assets 2024: $67,913Liabilities 2024: $10,000Net Assets 2024: $57,9132024

Highlighted filing

2023

Assets$25,341
Liabilities$10,000
Net Assets$15,341
Open 2023 Filing

Operations Trend

Revenue Growth35th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2022: $120,243Expenses 2022: $99,674Net Income 2022: $20,5692022Revenue 2023: $111,026Expenses 2023: $116,254Net Income 2023: -$5,2282023Revenue 2024: $170,200Expenses 2024: $127,628Net Income 2024: $42,5722024

Highlighted filing

2023

Revenue$111,026
Expenses$116,254
Net Income-$5,228
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 21, 2024
Return Version
2023v5.1
Gross Receipts
$111,026
Mission and Program Overview

Mission

EDUCATE IN VARSITY MEDIA

Program Services

DescriptionGrantsExpenses
VARSITY MEDIA TRAINS THE HIGHEST NUMBER OF INTERNS FROM ASU-CRONKITE MASS COMMUNICATIONS OVER ANY OTHER INTERN PROVIDER EACH SEMESTER.-$112,167
INDUCTED INTO THE ARIZONA MEDIA ASSOCIATION AND RECEIVED 6,825 IN CONTRIBUTIONS TO APPLY TOWARD STUDENT INTERN TRAINING.--
EXPANDED INTERNSHIP OFFERING TO UNIVERSITY OF FLORIDA, UNIVERSITY OF ARIZONA, GRAND CANYON UNIVERSITY, TEXAS SOUTHERN UNIVERSITY.--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
VINCENZO D'ALIESIOCEOFT$0--
CRAIG ESSESTreasurerPT$0--
HERBERT HITCHONDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Varsity Media Foundation
EIN
88-2644306
Phone
4802204629
Address
PO BOX 3361, CAREFREE, AZ 85377

Signing Officer

Name
VINCENZO D'ALIESIO
Title
CEO
Phone
4802204629
Signed
2024-10-21
Discuss with paid preparer
Yes

Preparer

Firm
Sechler Morgan Cpas Pllc
Address
2418 W BARROW DRIVE, CHANDLER, AZ 85224
Preparer
Kristina Morgan CPA
Phone
6022302700
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8, Other Revenue

“ADVERTISING INCOME 6,715”

Form 990-EZ, Part I, Line 16, Other Expenses

“AIRTIME EXPENSES 10,085”

Form 990-EZ, Part I, Line 16, Other Expenses

“OFFICE EXPENSES 5,108”

Form 990-EZ, Part I, Line 16, Other Expenses

“IT EXPENSES 1,364”

Form 990-EZ, Part I, Line 16, Other Expenses

“TRAVEL EXPENSES 133”

Form 990-EZ, Part I, Line 16, Other Expenses

“DEPRECIATION 364”

Form 990-EZ, Part I, Line 16, Other Expenses

“INSURANCE 1,481”

Form 990-EZ, Part I, Line 16, Other Expenses

“UNIFORMS 1,813”

Form 990-EZ, Part I, Line 16, Other Expenses

“Small equipment under cap threshold 29,320”

Form 990-EZ, Part II, Line 24, Other Assets

“NET FIXED ASSETS Beginning of year 0, End of year 3,277”

Form 990-EZ, Part II, Line 26, Liabilities

“LOANS FROM OFFICER Beginning of year 10,000, End of year 10,000”

Raw XML Appendix145 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0VINCENZO D'ALIESIO
IRS990EZ/BooksInCareOfDetail/PhoneNum04802204629
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 3361
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CAREFREE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AZ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd085377
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt030569
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt022064
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt06825
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-5228
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt066534
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt030569
IRS990EZ/Form990TotalAssetsGrp/EOYAmt025341
IRS990EZ/GrossReceiptsAmt0111026
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt020569
IRS990EZ/NetAssetsOrFundBalancesEOYAmt015341
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt020569
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt015341
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0VINCENZO D'ALIESIO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CRAIG ESSES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2HERBERT HITCHON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0true
IRS990EZ/OrganizationHadUBIInd0true
IRS990EZ/OtherAssetsTotalDetail/EOYAmt03277
IRS990EZ/OtherExpensesTotalAmt049668
IRS990EZ/OtherRevenueTotalAmt06715
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATE IN VARSITY MEDIA
IRS990EZ/PrintingPublicationsPostageAmt052
IRS990EZ/ProgramServiceRevenueAmt097486
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0VARSITY MEDIA TRAINS THE HIGHEST NUMBER OF INTERNS FROM ASU-CRONKITE MASS COMMUNICATIONS OVER ANY OTHER INTERN PROVIDER EACH SEMESTER.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1INDUCTED INTO THE ARIZONA MEDIA ASSOCIATION AND RECEIVED 6,825 IN CONTRIBUTIONS TO APPLY TOWARD STUDENT INTERN TRAINING.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2EXPANDED INTERNSHIP OFFERING TO UNIVERSITY OF FLORIDA, UNIVERSITY OF ARIZONA, GRAND CANYON UNIVERSITY, TEXAS SOUTHERN UNIVERSITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0112167
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt010000
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt010000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt0116254
IRS990EZ/TotalProgramServiceExpensesAmt0112167
IRS990EZ/TotalRevenueAmt0111026
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0NONE
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06825
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt060568
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt067393
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0156561
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt013060
IRS990ScheduleA/SubstantialContributorsTotAmt054333
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06825
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt060568
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt067393
IRS990ScheduleA/TotalSupportAmt067993
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt0600
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADVERTISING INCOME 6,715
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AIRTIME EXPENSES 10,085
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICE EXPENSES 5,108
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT EXPENSES 1,364
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRAVEL EXPENSES 133
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DEPRECIATION 364
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INSURANCE 1,481
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UNIFORMS 1,813
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SMALL EQUIPMENT UNDER CAP THRESHOLD 29,320
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NET FIXED ASSETS Beginning of year 0, End of year 3,277
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10LOANS FROM OFFICER Beginning of year 10,000, End of year 10,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8, Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part II, Line 24, Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VINCENZO D'ALIESIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04802204629
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VARSITY MEDIA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0VARS
ReturnHeader/Filer/EIN0882644306
ReturnHeader/Filer/PhoneNum04802204629
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3361
ReturnHeader/Filer/USAddress/CityNm0CAREFREE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085377
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822851604
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SECHLER MORGAN CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02418 W BARROW DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHANDLER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085224
ReturnHeader/PreparerPersonGrp/PhoneNum06022302700
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KRISTINA MORGAN CPA
ReturnHeader/ReturnTs02024-10-30T09:30:45-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,341
Liabilities
$10,000
Net assets
$15,341
Revenue
$111,026
Expenses
$116,254
Net income
-$5,228
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.68$0.10$0.58$1.70$1.28$0.43
2023Detailed filing. Detailed filing data is available for this year.$0.25$0.10$0.15$1.11$1.16$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.31$0.10$0.21$1.20$1.00$0.21