Overview
What is Varsity Team Inc?
Varsity Team Inc, situated in San Diego, California, is a nonprofit organization that specializes in offering group home services to disadvantaged individuals. These services are carried out under the guidance and financial support of the County of San Diego. The organization is committed to making a positive impact in the lives of these individuals, contributing to their overall welfare and well-being. With a dedicated workforce of 74 employees, Varsity Team Inc plays a crucial role in providing essential support to those in need.
What are the reviews and ratings of this charity?
Charity Navigator rating: 84% (Three-Star out of Four Stars)
Varsity Team Inc has earned an 84% score, reflecting a strong focus on accountability and finance. The organization is recognized for having a fully independent board, which enhances its governance structure. Additionally, it maintains a solid financial position, with a low liabilities-to-assets ratio and a high percentage of program expenses dedicated to its charitable mission.
Despite its strengths, the organization does have some areas for improvement. It lacks a whistleblower policy and has not documented its board meeting minutes, which are critical for transparency and accountability. The absence of these policies could pose potential risks regarding oversight and ethical governance.
Overall, Varsity Team Inc demonstrates a commitment to effective financial management and operational integrity, although addressing its policy gaps would further strengthen its standing and reassure donors and stakeholders of its commitment to best practices.
This AI summary has been generated from information found on Charity Navigator.
Is Varsity Team Inc legitimate?
Varsity Team Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Varsity Team Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $200,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,383,951
For more financial information, click here
What is the mission statement of Varsity Team Inc?
Varsity Team Inc's mission is centered around providing group home services for disadvantaged individuals. They operate under the guidelines and financial support provided by the County of San Diego. Their primary objective is to offer a supportive living environment for these individuals, aiming to enhance their quality of life. The organization's work is geared towards meeting the unique needs of these individuals, striving to provide them with the care and resources they require to live as independently and fulfilling a life as possible.
Who is the CEO of Varsity Team Inc?
Chris Filasky is the President of Varsity Team Inc.
What is the revenue of Varsity Team Inc?
Varsity Team Inc's revenue in 2022 was $5,318,163.
Who are the executives of Varsity Team Inc and what are their salaries?
The average compensation at Varsity Team Inc during 2022 was $34,929. There are 74 employees at Varsity Team Inc.
Here are 7 key members and their salaries:
- Compensation: $100,400
- Related: $0
- Other: $0
- Compensation: $100,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Varsity Team Inc?
Varsity Team Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Varsity Team Inc
Varsity Team Inc, as a nonprofit organization, is dedicated to providing group home services to disadvantaged individuals. Their mission is centered around adhering to the guidelines and securing funding from the County of San Diego. This commitment allows Varsity Team Inc to offer a supportive living environment for individuals who are facing various challenges, ensuring they receive the care and assistance they need. The organization's work is instrumental in offering a sanctuary for those in need, thereby contributing to their overall well-being and rehabilitation.
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Impact
July, 2024
Varsity Team Inc's impact lies in providing group home services to disadvantaged individuals under the guidelines and funding of the County of San Diego. By offering a supportive and caring environment for those in need, Varsity Team Inc plays a crucial role in improving the lives of individuals facing difficulties. Through their mission-driven work, they contribute to enhancing the well-being and quality of life of the community they serve.
This information is meant to be a general summary of Varsity Team Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $129,658
- Program Service Revenue: $3,943,852
- Gross Receipts: $5,334,522
Assets and Liabilities:
- Total Assets: $2,626,563
- Total Liabilities: $218,894
- Net Assets: $2,407,669
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Behavioral Health Service
Revenue
$285,567
Group Home Services
Revenue
$3,658,285
Organization Details
Phone
(619) 694-6809Principal Officer
Chris Filasky
Main Address
PO BOX 26633, San Diego, CA, 92196
NTEE Category
Code: P00 - Human services
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