Nonprofit · EIN 42-1539509
VARSITY TEAM INC
Tax-exempt · ESCONDIDO, CA 92026
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,790,009 | $4,095,329 | -$305,320 | $1,901,365 | $253,103 | $1,648,262 |
| December 31, 2023 | 990 | $3,615,949 | $4,070,036 | -$454,087 | $2,272,298 | $318,716 | $1,953,582 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,600
- Program service revenue
- $3,750,704
- Investment income
- $86
- Net income from fundraising events
- $19,438
- Other revenue
- $32,619
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $204,446
- Other salaries and wages
- $2,392,258
- Salaries, compensation and benefits (total)
- $3,101,036
- Professional fundraising fees
- $0
- Legal fees
- $9,678
- Accounting fees
- $54,695
- Occupancy
- $175,791
- Depreciation
- $53,149
- Program services (functional)
- $3,330,751
- Management and general (functional)
- $764,578
Balance sheet and other
- Total assets, start of year
- $2,272,298
- Total assets, end of year
- $1,901,365
- Total liabilities, end of year
- $253,103
- Net assets, end of year
- $1,648,262
- Land, buildings and equipment
- $883,051
- Net assets without donor restrictions
- $1,648,262
- Gross receipts
- $3,808,952
- Employees
- 92
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE HICKMAN | CO EXECUTIVE DIRECTOR | 40 | $104,146 |
| DREW DAHLSTEDT | CO EXECUTIVE DIRECTOR | 40 | $100,300 |
| Erin Hughes | Treasurer Trustee or director, Officer | 0 | $0 |
| Theresa Capanis | Secretary Trustee or director, Officer | 0 | $0 |
| Jackie Guerra | Member Trustee or director | 0 | $0 |
| Chris Filasky | President Trustee or director, Officer | 0 | $0 |
| Avery Dwayne Dees | member Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE HICKMAN | CO EXECUTIVE DIRECTOR | 40 | $104,146 |
| DREW DAHLSTEDT | CO EXECUTIVE DIRECTOR | 40 | $100,300 |
| Erin Hughes | Treasurer Trustee or director, Officer | 0 | $0 |
| Theresa Capanis | Secretary Trustee or director, Officer | 0 | $0 |
| Jackie Guerra | Member Trustee or director | 0 | $0 |
| Chris Filasky | President Trustee or director, Officer | 0 | $0 |
| Avery Dwayne Dees | member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1233 BARTLEY PL, ESCONDIDO, CA 92026-3603
- In care of
- % DREW DAHLSTEDT
- Signed the 990
- Drew Dahlstedt, CFO
- Phone
- (619) 694-6809
- Return prepared by
- Ortega Accountancy A Professional Corp
California records
California keeps its own records of charities and corporations. Search them by EIN 42-1539509 or by the name VARSITY TEAM INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Provide group home services to disadvantaged individuals under the guide lines and funding of the County of San Diego.
Program accomplishments
- Provide group home services to disadvantaged individuals under the guide lines and funding of the County of San Diego.Expenses $3,330,751
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1539509
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,901,365
- Income (IRS master file)
- $3,808,952
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,790,009 | $4,095,329 | $1,901,365 | IRS |
| 990 | December 2023 | $3,615,949 | $4,070,036 | $2,272,298 | XML |
| 990 | December 2022 | $5,318,163 | $4,164,120 | $2,626,563 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1539509).
Questions about VARSITY TEAM INC
- What is the EIN of VARSITY TEAM INC?
- The employer identification number (EIN) of VARSITY TEAM INC is 42-1539509.
- Is VARSITY TEAM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to VARSITY TEAM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VARSITY TEAM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VARSITY TEAM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VARSITY TEAM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of VARSITY TEAM INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $104,146 (LANCE HICKMAN, CO EXECUTIVE DIRECTOR).
- How much revenue does VARSITY TEAM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,790,009, expenses of $4,095,329 and total assets of $1,901,365 at year end.
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