Civic Intelligence

Varsity House Inc

990 • Fiscal year 2021 • EIN 93-0523882

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 15, 2021

Organization ProfileVARSITYHOUSE.ORG
119 NW 9th StreetCorvallis, OR 97330

(541) 758-7216

Siviq Scores

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

Liabilities / Assets

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.02x

Higher debt load relative to revenue than 62% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Net Margin

45th percentile

3.3%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Asset Growth

43rd percentile

0.4%

Faster asset growth than 43% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

71st percentile

31%

Faster revenue growth than 71% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$430,838

Up $1,770 (+0.4%) from 2020

Net Assets

Up

$427,238

Up $6,570 (+1.6%) from 2020

Liabilities

Down

$3,600

Down $4,800 (-57%) from 2020

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin45th percentile

Revenue

Up

$201,455

Up $47,923 (+31%) from 2020

Expenses

Up

$194,885

Up $8,425 (+4.5%) from 2020

Net Income

Up

$6,570

Up $39,498 (+120%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$600K$400K$200K$0Assets 2012: $442,635Liabilities 2012: $46,122Net Assets 2012: $396,5132012Assets 2013: $440,820Liabilities 2013: $30,505Net Assets 2013: $410,3152013Assets 2014: $444,045Liabilities 2014: $13,200Net Assets 2014: $430,8452014Assets 2015: $458,163Liabilities 2015: $14,000Net Assets 2015: $444,1632015Assets 2016: $476,930Liabilities 2016: $9,600Net Assets 2016: $467,3302016Assets 2017: $501,304Liabilities 2017: $18,000Net Assets 2017: $483,3042017Assets 2018: $480,632Liabilities 2018: $18,000Net Assets 2018: $462,6322018Assets 2019: $471,596Liabilities 2019: $18,000Net Assets 2019: $453,5962019Assets 2020: $429,068Liabilities 2020: $8,400Net Assets 2020: $420,6682020Assets 2021: $430,838Liabilities 2021: $3,600Net Assets 2021: $427,2382021Assets 2022: $443,291Liabilities 2022: $0Net Assets 2022: $443,2912022Assets 2023: $406,750Liabilities 2023: $0Net Assets 2023: $406,7502023Assets 2024: $371,445Liabilities 2024: $0Net Assets 2024: $371,4452024Assets 2025: $395,454Liabilities 2025: $1,047Net Assets 2025: $394,4072025

Highlighted filing

2021

Assets$430,838
Liabilities$3,600
Net Assets$427,238
Open 2021 Filing

Operations Trend

Revenue Growth71st percentile

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

$300K$200K$100K$0-$100KRevenue 2012: $187,944Expenses 2012: $196,808Net Income 2012: -$8,8642012Expenses 2013: $181,7862013Revenue 2014: $195,942Expenses 2014: $190,586Net Income 2014: $5,3562014Revenue 2015: $194,332Expenses 2015: $184,879Net Income 2015: $9,4532015Revenue 2016: $233,575Expenses 2016: $206,957Net Income 2016: $26,6182016Revenue 2017: $206,743Expenses 2017: $190,769Net Income 2017: $15,9742017Revenue 2018: $186,841Expenses 2018: $207,513Net Income 2018: -$20,6722018Revenue 2019: $202,559Expenses 2019: $211,595Net Income 2019: -$9,0362019Revenue 2020: $153,532Expenses 2020: $186,460Net Income 2020: -$32,9282020Revenue 2021: $201,455Expenses 2021: $194,885Net Income 2021: $6,5702021Revenue 2022: $283,279Expenses 2022: $267,226Net Income 2022: $16,0532022Revenue 2023: $170,325Expenses 2023: $206,866Net Income 2023: -$36,5412023Revenue 2024: $196,160Expenses 2024: $231,465Net Income 2024: -$35,3052024Revenue 2025: $223,977Expenses 2025: $202,082Net Income 2025: $21,8952025

Highlighted filing

2021

Revenue$201,455
Expenses$194,885
Net Income$6,570
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$201,455
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$345,273$334,316▼ $10,957
Savings and Temporary Cash Investments$31,316$60,486▲ $29,170
Accounts Receivable$16,437$18,058▲ $1,621
Cash and Non-Interest-Bearing Accounts$36,042$17,978▼ $18,064
Total Assets$429,068$430,838▲ $1,770
Liabilities
Other Liabilities$8,400$3,600▼ $4,800
Total Liabilities$8,400$3,600▼ $4,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$420,668$427,238▲ $6,570
Total Net Assets Fund Balance$420,668$427,238▲ $6,570
Total Liabilities and Net Assets / Fund Balance$429,068$430,838▲ $1,770

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$234,316$192,479$426,795
Land$100,000-$100,000
Other Land Buildings-$2,781$2,781
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Alex PhelpsPresident
Jonathan MatherAthletic CHA
Eli BuiltaChaplain
Garrett MulderFinancial Ma
Hans BunyiHistorian/fi
Zach WatsonKitchen Mana
Samuel SmithNetwork Admi
Jonathan DresselSec./alumni
Blake PetersonSocials
Josh VerdeyenSocials
Samuel TwedeTreasurer
Benjamin WenndorfVice Preside
Levi KuhlmanWork Manager
Spencer Von FlueWork Manager
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$201,408
Investment Income
$47
Other Revenue
$0
Change in Net Assets
$6,570
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$154,216
Salaries, Compensation, and Employee Benefits$40,669
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$53,929--$53,929
Other Salaries and Wages$31,300--$31,300
Depreciation Depletion$10,957--$10,957
Office Expenses$10,742--$10,742
Fees for Services Accounting-$9,502-$9,502
Payroll Taxes$9,369--$9,369
Other Expenses$9,549$755-$755
Total Functional Expenses$184,628$10,257$0$194,885
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$3,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Membership consists of all house residents. Each member has one vote.”

Form 990, Page 6, Part VI, Line 7A

“Members are residents who have been approved by majority vote.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request”

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
Garrett Mulder
Title
Financial Manager
Phone
5418291960
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Garrett Mulder
Formed
1967
Legal Domicile
Or
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
14

Preparer

Firm
Tax & Wealth Management Llp
Address
2334 NW PROFESSIONAL DR, CORVALLIS, OR 97330
Preparer
Robert S Barry
Phone
5417534185
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02781
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0334316
IRS990ScheduleD/TotalLiabilityAmt03600
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP CONSISTS OF ALL HOUSE RESIDENTS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE RESIDENTS WHO HAVE BEEN APPROVED BY MAJORITY VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0429068
IRS990/TotalAssetsEOYAmt0430838
IRS990/TotalAssetsGrp/BOYAmt0429068
IRS990/TotalAssetsGrp/EOYAmt0430838
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010257
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0184628
IRS990/TotalFunctionalExpensesGrp/TotalAmt0194885
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08400
IRS990/TotalLiabilitiesEOYAmt03600
IRS990/TotalLiabilitiesGrp/BOYAmt08400
IRS990/TotalLiabilitiesGrp/EOYAmt03600
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0420668
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0427238
IRS990/TotalProgramServiceExpensesAmt0184628
IRS990/TotalProgramServiceRevenueAmt0201408
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0201455
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0201455
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0429068
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0430838
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CORVALLIS
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097330
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0VARSITYHOUSE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GARRETT MULDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCIAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum05418291960
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VARSITY HOUSE INC
ReturnHeader/Filer/BusinessNameControlTxt0VARS
ReturnHeader/Filer/EIN0930523882
ReturnHeader/Filer/PhoneNum05417587216
ReturnHeader/Filer/USAddress/AddressLine1Txt0119 NW 9TH STREET
ReturnHeader/Filer/USAddress/CityNm0CORVALLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097330
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371616301
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAX & WEALTH MANAGEMENT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02334 NW PROFESSIONAL DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORVALLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097330
ReturnHeader/PreparerPersonGrp/PhoneNum05417534185
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT S BARRY
ReturnHeader/ReturnTs02021-11-15T18:10:09-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GARRETT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MULDER
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$430,838
Liabilities
$3,600
Net assets
$427,238
Revenue
$201,455
Expenses
$194,885
Net income
$6,570
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.95$0.01$3.94$2.24$2.02$0.22
2024Detailed filing. Detailed filing data is available for this year.$3.71$0.00$3.71$1.96$2.31$0.35
2023Detailed filing. Detailed filing data is available for this year.$4.07$0.00$4.07$1.70$2.07$0.37
2022Detailed filing. Detailed filing data is available for this year.$4.43$0.00$4.43$2.83$2.67$0.16
2021Detailed filing. Detailed filing data is available for this year.$4.31$0.04$4.27$2.01$1.95$0.07
2020Detailed filing. Detailed filing data is available for this year.$4.29$0.08$4.21$1.54$1.86$0.33
2019Detailed filing. Detailed filing data is available for this year.$4.72$0.18$4.54$2.03$2.12$0.09
2018Detailed filing. Detailed filing data is available for this year.$4.81$0.18$4.63$1.87$2.08$0.21
2017Detailed filing. Detailed filing data is available for this year.$5.01$0.18$4.83$2.07$1.91$0.16
2016Detailed filing. Detailed filing data is available for this year.$4.77$0.10$4.67$2.34$2.07$0.27
2015Detailed filing. Detailed filing data is available for this year.$4.58$0.14$4.44$1.94$1.85$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.44$0.13$4.31$1.96$1.91$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$0.31$4.10$1.82
2012Summary only. Only limited summary data is available for this year.$4.43$0.46$3.97$1.88$1.97$0.09