Civic Intelligence

The Varsity Collective Charitable Fund

EIN 88-2810939 • 501(c)3 • Madison, WI

NTEE T30

Profile

To advance the efforts and activities of charitable and educational organizations in the greater madison community by facilitating the involvement of student athletes in communication and public education; to support the development of university of wisconsin madison student athletes for future careers and responsible citizenship; to support the university's athletics program by entering into agreements with student athletes for the use of their name, image, and likeness.

150 E Gilman St 5000Madison, WI 53703

thevarsitycollective.com

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$2,792,913

Up $1,987,348 (+247%) from 2023

Liabilities

Down

$204,921

Down $70,165 (-26%) from 2023

Net Assets

Up

$2,587,992

Up $2,057,513 (+388%) from 2023

Operations

Revenue

Up

$4,283,284

Up $803,730 (+23%) from 2023

Expenses

Down

$2,225,771

Down $723,304 (-25%) from 2023

Net Income

Up

$2,057,513

Up $1,527,034 (+288%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2023: $805,565Liabilities 2023: $275,086Net Assets 2023: $530,4792023Assets 2024: $2,792,913Liabilities 2024: $204,921Net Assets 2024: $2,587,9922024

Highlighted filing

2024

Assets$2,792,913
Liabilities$204,921
Net Assets$2,587,992
Open 2024 Filing

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2023: $3,479,554Expenses 2023: $2,949,075Net Income 2023: $530,4792023Revenue 2024: $4,283,284Expenses 2024: $2,225,771Net Income 2024: $2,057,5132024

Highlighted filing

2024

Revenue$4,283,284
Expenses$2,225,771
Net Income$2,057,513
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,792,913
Liabilities
$204,921
Net assets
$2,587,992
Revenue
$4,283,284
Expenses
$2,225,771
Net income
$2,057,513
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.79$0.20$2.59$4.28$2.23$2.06
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.28$0.53$3.48$2.95$0.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$4,502,578
Mission and Program Overview

Mission

To advance the efforts and activities of charitable and educational organizations in the greater madison community by facilitating the involvement of student athletes in communication and public education; to support the development of university of wisconsin madison student athletes for future careers and responsible citizenship; to support the university's athletics program by entering into agreements with student athletes for the use of their name, image, and likeness.

Our fund exists to advance the efforts and activities of charitable and educational organizations in wisconsin and to support intercollegiate athletes at the university of wisconsin-madison. By working with student athletes, we will provide wisconsin tax-exempt organizations with access and support of intercollegiate athletes and the names, images, and likenesses of intercollegiate athletes. Through communication, speaking, events and community relations, we will increase the visibility and reach of other charities and attract donors and volunteers to further their charitable purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$535,068$1,486,877▲ $951,809
Investments in Publicly Traded Securities-$605,621-
Pledges and Grants Receivable$20,000$300,000▲ $280,000
Accounts Receivable-$180,136-
Cash and Non-Interest-Bearing Accounts$15,930$140,315▲ $124,385
Land, Buildings, and Equipment, Net$56,486$59,213▲ $2,727
Prepaid Expenses and Deferred Charges$15,587$20,751▲ $5,164
Total Assets$805,565$2,792,913▲ $1,987,348
Other Assets Total$162,494$0▼ $162,494
Liabilities
Accounts Payable and Accrued Expenses$275,086$204,921▼ $70,165
Total Liabilities$275,086$204,921▼ $70,165
Net Assets / Fund Balance
Net Assets With Donor Restrictions$287,039$1,387,657▲ $1,100,618
Net Assets Without Donor Restrictions$243,440$1,200,335▲ $956,895
Total Net Assets Fund Balance$530,479$2,587,992▲ $2,057,513
Total Liabilities and Net Assets / Fund Balance$805,565$2,792,913▲ $1,987,348

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$59,213$16,666$75,879
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rob MasterExecutive Chair
Paul WrychaPresident/secretary
Fred GoetzkeDirector
Robert AdamovDirector
Ted KellnerDirector
Irene Ronzia Thru MayTreasurer
Mark WilsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Brand MattersBrand Consulting5825 MARSH VIEW CT, Fitchburg, WI 53711$165,000
Foley & Lardner LLPLaw Services150 EAST GILMAN ST SUITE 5000, Madison, WI 53703$123,980
Revenue and Support

Revenue Composition

Contributions and Grants
$4,284,518
Program Service Revenue
$0
Investment Income
$-1,234
Other Revenue
$0
All Other Contributions
$4,284,518
Change in Net Assets
$2,057,513

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$824,915Quoted Market Price
Total Noncash Contributions7$824,915-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,283,284
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$139,214
Total Revenue per Audited Statements
$4,422,498
Total Revenue per Form 990
$4,283,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,225,371
Total Fundraising Expense$6,471
Grants and Similar Amounts Paid$400
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,842,014$99,767-$99,767
Advertising$96,077-$567$96,644
Fees for Services Other$20,275$25,344$5,069$50,688
Insurance-$41,662-$41,662
Fees for Services Accounting$4,774$27,052-$31,826
Office Expenses$7,035$22,194-$29,229
Information Technology$10,939$770-$11,709
Fees for Services Legal-$10,994-$10,994
Depreciation Depletion$8,333--$8,333
Travel$835$835$835$2,505
Grants to Domestic Orgs$400--$400
Total Functional Expenses$1,990,682$228,618$6,471$2,225,771

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,225,771
Total Expenses per Audited Statements$2,225,771
Total Expenses per Form 990$2,225,771
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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, Section B, Line 11B

“The prepared form 990 is reviewed and approved by the members of the governing body before the return is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is reviewed at least annually by the directors. All directors and officers are required to complete and sign a conflict of interest statement annually. A director or officer with a conflict of interest is prohibited from participating in deliberations and decisions regarding the transaction.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Varsity Collective Charitable Fund
EIN
88-2810939
Phone
6082584314
Address
150 E GILMAN ST 5000, MADISON, WI 53703

Signing Officer

Name
Paul Wrycha
Title
President/secretary
Phone
6082584314
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Wrycha
Formed
2022
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Mike Hablewitz CPA
Phone
6082744020
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Gain from discontinued operations, net”

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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE 2021 COLUMN REPRESENTS THE SHORT PERIOD JUNE 1, 2022 (EFFECTIVE DATE OF EXEMPTION) THROUGH JUNE 30, 2022. THERE WAS NO ACTIVITY DURING THIS INITIAL PERIOD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, 2021 COLUMN:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04284518
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03480706
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07765224
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0542
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt037
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0579
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt04798254
IRS990ScheduleA/SubstantialContributorsTotAmt02966970
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04284518
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03480706
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07765224
IRS990ScheduleA/TotalSupportAmt07765803
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02225771
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt059213
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016666
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt075879
IRS990ScheduleD/OtherRevenueAmt0139214
IRS990ScheduleD/RevenueNotReportedAmt0139214
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04283284
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAIN FROM DISCONTINUED OPERATIONS, NET
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059213
IRS990ScheduleD/TotalExpensesPerForm990Amt02225771
IRS990ScheduleD/TotalRevenuePerForm990Amt04283284
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04422498
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02225771
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt07
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0QUOTED MARKET PRICE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0824915
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B).
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED AT LEAST ANNUALLY BY THE DIRECTORS. ALL DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. A DIRECTOR OR OFFICER WITH A CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0TVC HOLDINGS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0882590586
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0ACCESS TO UW-MADISON ATHLETES FOR COMMERCIAL DEALS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0VC CONNECT LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0150 E GILMAN ST SUITE 5000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0MADISON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd053703
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0VARSITY CONNECT, LLC DISPOSAL ON JUNE 27, 2024, THE VARSITY COLLECTIVE SOLD ITS WHOLLY OWNED SUBSIDIARY, VC CONNECT, LLC, TO TVC HOLDINGS, INC. THIS DECISION WAS MADE FOR THE VARSITY COLLECTIVE TO FOCUS ON ITS MISSION AS A NONPROFIT. IN LINE WITH SCHEDULE R INSTRUCTIONS VARSITY CONNECT, LLC IS APPEARING ON SCHEDULE R, PART IV AS AN INTEREST IN THE ENTITY WAS HELD DURING THE MAJORITY OF THE REPORTING YEAR. VARSITY CONNECT, LLC WILL NOT BE REPORTED AS A RELATED PARTY FOR FUTURE REPORTABLE TAX YEARS.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R, PART IV
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0180136
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOOK VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0VC CONNECT LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0Q
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/StatesWhereCopyOfReturnIsFldCd1AL
IRS990/StatesWhereCopyOfReturnIsFldCd2AR
IRS990/StatesWhereCopyOfReturnIsFldCd3CA
IRS990/StatesWhereCopyOfReturnIsFldCd4FL
IRS990/StatesWhereCopyOfReturnIsFldCd5GA
IRS990/StatesWhereCopyOfReturnIsFldCd6HI
IRS990/StatesWhereCopyOfReturnIsFldCd7KS
IRS990/StatesWhereCopyOfReturnIsFldCd8KY
IRS990/StatesWhereCopyOfReturnIsFldCd9MD
IRS990/StatesWhereCopyOfReturnIsFldCd10MA
IRS990/StatesWhereCopyOfReturnIsFldCd11MI
IRS990/StatesWhereCopyOfReturnIsFldCd12MN
IRS990/StatesWhereCopyOfReturnIsFldCd13MS
IRS990/StatesWhereCopyOfReturnIsFldCd14ND
IRS990/StatesWhereCopyOfReturnIsFldCd15NH
IRS990/StatesWhereCopyOfReturnIsFldCd16NJ
IRS990/StatesWhereCopyOfReturnIsFldCd17NM
IRS990/StatesWhereCopyOfReturnIsFldCd18NY
IRS990/StatesWhereCopyOfReturnIsFldCd19NC
IRS990/StatesWhereCopyOfReturnIsFldCd20OR
IRS990/StatesWhereCopyOfReturnIsFldCd21PA
IRS990/StatesWhereCopyOfReturnIsFldCd22RI
IRS990/StatesWhereCopyOfReturnIsFldCd23SC
IRS990/StatesWhereCopyOfReturnIsFldCd24TN
IRS990/StatesWhereCopyOfReturnIsFldCd25VA
IRS990/StatesWhereCopyOfReturnIsFldCd26WV
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0805565
IRS990/TotalAssetsEOYAmt02792913
IRS990/TotalAssetsGrp/BOYAmt0805565
IRS990/TotalAssetsGrp/EOYAmt02792913
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04284518
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06471

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