Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.03x
Liabilities / Revenue
72nd percentile
Higher debt load relative to revenue than 72% of similar nonprofits.
Net Margin
56th percentile
Higher net margin than 56% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
55th percentile
Faster asset growth than 55% of similar nonprofits.
Revenue Growth
43rd percentile
Faster revenue growth than 43% of similar nonprofits.
Balance Sheet
Assets
Up$458,163
Up $14,118 (+3.2%) from 2014
Net Assets
Up$444,163
Up $13,318 (+3.1%) from 2014
Liabilities
Up$14,000
Up $800 (+6.1%) from 2014
Revenue And Expenses
Revenue
Down$194,332
Down $1,610 (-0.8%) from 2014
Expenses
Down$184,879
Down $5,707 (-3.0%) from 2014
Net Income
Up$9,453
Up $4,097 (+76%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2014 to Jun 30, 2015
- Signed
- Nov 12, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $194,332
Mission and Program Overview
Mission
Provides fraternal living facility and food service for 40 to 60 men while they are attending oregon state university or linn-benton community college.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| VARSITY HOUSE, INC. PROVIDES FRATERNAL LIVING FACILITY AND FOOD SERVICE FOR 40 TO 60 MEN WHILE THEY ARE ATTENDING OREGON STATE UNIVERSITY OR LINN-BENTON COMMUNITY COLLEGE. | - | $181,536 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DYLAN KARR | President | - | $0 | - | - |
| JUSTIN COPELAND | Vice Preside | - | $0 | - | - |
| BRYANT ROMINGER | Financial Ma | - | $0 | - | - |
| JOHNNY RODERICK | Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Varsity House Inc
- EIN
- 93-0523882
- Phone
- 5417587216
- Address
- 119 NW 9TH STREET, CORVALLIS, OR 97330
Signing Officer
- Name
- Bryant Rominger
- Title
- Financial Manager
- Phone
- 5417587216
- Signed
- 2015-11-12
Preparer
- Firm
- Tax & Wealth Management Llp
- Address
- 2334 NW PROFESSIONAL DR, CORVALLIS, OR 97330-1905
- Preparer
- Robert S Barry
- Phone
- 5417534185
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses office & supplies 4,690 bad debt 700 food 55,362 social expenses 17,323 mom & dad's club expenses 537 total 78,612”
Form 990-ez, Part I, Line 20
“Prior period adjustment 3,865”
Form 990-ez, Part II, Line 24
“Accounts receivable 21,498 19,815 furniture & fixtures 2,781 2,781 less accumulated depreciation 2,781 2,781 total 21,498 19,815”
Form 990-ez, Part II, Line 26
“Tenant security deposits 13,200 14,000”
Form 990-ez, Part III
“Provides fraternal living facility and food service for 40 to 60 men while they are attending oregon state university or linn-benton community college.”
Form 990-ez, Part III, Line 28
“Varsity house, inc. Provides fraternal living facility and food service for 40 to 60 men while they are attending oregon state university or linn-benton community college.”
Raw XML Appendix116 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | FINANCIAL MANAGER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5417587216 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 119 NW 9TH |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CORVALLIS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OR |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 97330 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 35668 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 56077 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 9453 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 7550 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 444045 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 458163 |
| IRS990EZ/GrossReceiptsAmt | 0 | 194332 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 15 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 386879 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 382271 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 430845 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 444163 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 430845 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 444163 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 57648 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DYLAN KARR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JUSTIN COPELAND |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | BRYANT ROMINGER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JOHNNY RODERICK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | FINANCIAL MA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 21498 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 19815 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 3865 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 78612 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROVIDES FRATERNAL LIVING FACILITY AND FOOD SERVICE FOR 40 TO 60 MEN WHILE THEY ARE ATTENDING OREGON STATE UNIVERSITY OR LINN-BENTON COMMUNITY COLLEGE. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 194317 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | VARSITY HOUSE, INC. PROVIDES FRATERNAL LIVING FACILITY AND FOOD SERVICE FOR 40 TO 60 MEN WHILE THEY ARE ATTENDING OREGON STATE UNIVERSITY OR LINN-BENTON COMMUNITY COLLEGE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 181536 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 41069 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 13200 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 14000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 184879 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 181536 |
| IRS990EZ/TotalRevenueAmt | 0 | 194332 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | VARSITYHOUSE.ORG |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OFFICE & SUPPLIES 4,690 BAD DEBT 700 FOOD 55,362 SOCIAL EXPENSES 17,323 MOM & DAD'S CLUB EXPENSES 537 TOTAL 78,612 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PRIOR PERIOD ADJUSTMENT 3,865 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS RECEIVABLE 21,498 19,815 FURNITURE & FIXTURES 2,781 2,781 LESS ACCUMULATED DEPRECIATION 2,781 2,781 TOTAL 21,498 19,815 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TENANT SECURITY DEPOSITS 13,200 14,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | PROVIDES FRATERNAL LIVING FACILITY AND FOOD SERVICE FOR 40 TO 60 MEN WHILE THEY ARE ATTENDING OREGON STATE UNIVERSITY OR LINN-BENTON COMMUNITY COLLEGE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | VARSITY HOUSE, INC. PROVIDES FRATERNAL LIVING FACILITY AND FOOD SERVICE FOR 40 TO 60 MEN WHILE THEY ARE ATTENDING OREGON STATE UNIVERSITY OR LINN-BENTON COMMUNITY COLLEGE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2016-04-25 22:37:26Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BRYANT ROMINGER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | FINANCIAL MANAGER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5417587216 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-11-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VARSITY HOUSE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VARS |
| ReturnHeader/Filer/EIN | 0 | 930523882 |
| ReturnHeader/Filer/PhoneNum | 0 | 5417587216 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 119 NW 9TH STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CORVALLIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OR |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 97330 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 371616301 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | TAX & WEALTH MANAGEMENT LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2334 NW PROFESSIONAL DR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CORVALLIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | OR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 973301905 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5417534185 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2015-11-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROBERT S BARRY |
| ReturnHeader/ReturnTs | 0 | 2015-11-12T16:44:00-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-06-30 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $458,163
- Liabilities
- $14,000
- Net assets
- $444,163
- Revenue
- $194,332
- Expenses
- $184,879
- Net income
- $9,453