You would need a Varsity employee to confirm this, but that doesn't even remotely look like the actual structure of Varsity. Varsity has divisions that aren't on there. Some of the letters there don't represent actual Varsity divisions. (Not the least of which is USASF.) The lines there are seemingly put there at random and don't represent the structure, even among the divisions they got right.
This was a graphic from that Penn & Teller show. While I (used to) love the show, some of their sources were pretty suspect, unfortunately. Now, when I watch that show, I can't help but wonder about the facts they present on other subjects, which kind of ruins it for me.
Varsity and USASF are not above criticism by any means. However, USASF is not owned by Varsity - Varsity does not control USASF.