Nonprofit · EIN 86-2379502
VARSITY LEADERSHIP ACADEMY
Tax-exempt · RED OAK, TX 75154
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $70,368 | $80,717 | -$10,349 | $16,595 | – | $16,595 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $70,368
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $54,149
- Professional fees and payments to contractors
- $400
- Other expenses
- $26,168
- Program services (functional)
- $63,143
Balance sheet and other
- Total assets, start of year
- $27,168
- Total assets, end of year
- $16,595
- Total liabilities, end of year
- –
- Net assets, end of year
- $16,595
- Cash, savings and investments
- $16,040
- Gross receipts
- $70,368
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT PARKS | PRESIDENT | 15 | $0 |
| MARK PEPIN | TREASURER | 10 | $0 |
| CHAD MILES | BOARD MEMBER | 0 | $0 |
| MARK STERNS | BOARD MEMBER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 421 CENTURY WAY, RED OAK, TX 75154-4403
- In care of
- % MARK PEPIN
- Mailing address (990-N for 2024)
- 420 Century Way, Red Oak TX 75154
- Principal officer (990-N for 2024)
- Robert Parks, 420 Century Way, Red Oak TX 75154
- Signed the 990-EZ
- ROBERT PARKS, PRESIDENT
- Phone
- (918) 289-3779
- Website
- www.varsityleaders.org
- Return prepared by
- RATLIFF & ASSOCIATES PC
Mission
WE HELP BUILD BRIDGES FOR MORE YOUTH TO BELONG, BELIEVE, AND BECOME THE LEADERS THEY WERE DESTINED TO BE THROUGH A FREE VALUES-BASED LEADERSHIP CURRICULUM. WE HELP YOUTH GROW IN THEIR LEADERSHIP AND FIND THE VALUES THAT DRIVE THEM, SO THEY CAN TRANSFORM THEIR TEAMS AND COMMUNITIES FOR GOOD. WE HELP EQUIP GEN Z AND GEN ALPHA STUDENTS TO HELP THEM NAVIGATE THROUGH THE CHALLENGES AROUND THEM AND KNOW HOW TO USE THEIR INFLUENCE TO REACH OUT AND SERVE THEIR PEERS.
Program accomplishments
- LEADERSHIP DEVELOPMENT IN HIGH SCHOOLS AND MIDDLE SCHOOLS. THIS INCLUDES ENGAGEMENT WITH SCHOOL AND COMMUNITY LEADERS, CURRICULUM CONTRACT SERVICES FOR SOCIAL MEDIA, CONTRACT SERVICES FOR PROGRAM COORDINATION ETC.Expenses $63,143
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 86-2379502
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: Robert Parks | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $70,368 | $80,717 | $16,595 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Robert Parks | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 86-2379502).
Questions about VARSITY LEADERSHIP ACADEMY
- What is the EIN of VARSITY LEADERSHIP ACADEMY?
- The employer identification number (EIN) of VARSITY LEADERSHIP ACADEMY is 86-2379502.
- Is VARSITY LEADERSHIP ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to VARSITY LEADERSHIP ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VARSITY LEADERSHIP ACADEMY file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of VARSITY LEADERSHIP ACADEMY 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 LEADERSHIP ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
- Who is the principal officer of VARSITY LEADERSHIP ACADEMY?
- The 990-N for 2024 names Robert Parks.
- Who are the officers and directors of VARSITY LEADERSHIP ACADEMY?
- The 990-EZ for the year ended December 31, 2023 lists 4 people; 0 received compensation from the organization.
- How much revenue does VARSITY LEADERSHIP ACADEMY have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $70,368, expenses of $80,717 and total assets of $16,595 at year end.
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