Vhs Inc
- Assets
- $2.1m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 43
- Location
- Maynard, MA
- Founding
- 11/2001
- Data as of
- 06/2024
- EIN
- 04-3560189
Organization Overview
Vhs Inc is located in Maynard, MA. The organization was established in 2001. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2024, Vhs Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vhs Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Vhs Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $6.7m during the year ending 06/2024. While expenses have increased by 3.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
VHS, INC. PARTNERS WITH HIGH SCHOOLS, BOTH NATIONALLY AND INTERNATIONALLY, TO DEVELOP AND DELIVER HIGH QUALITY ONLINE EDUCATIONAL PROGRAMS FOR SCHOOL SYSTEMS, THEIR STUDENTS, AND THEIR TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES CONTRIBUTE TO THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF DEVELOPING AND DELIVERING ONLINE EDUCATIONAL PROGRAMS TO SCHOOL SYSTEMS AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol A Defuria Board Presid | OfficerTrustee | 41 | $217,524 |
Jane Gallagher Board Clerk, | OfficerTrustee | 41 | $138,000 |
Kelly Christian Director | Trustee | 1 | $0 |
Chad Dorsey Treasurer | OfficerTrustee | 1 | $0 |
Michael Ehrhardt Board Chairm | OfficerTrustee | 2 | $0 |
Charlie Gragg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,224,561 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,224,561 |
| Total Program Service Revenue | $4,408,617 |
| Investment income | $18,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,652,131 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $355,524 |
| Compensation of current officers, directors, key employees. | $74,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,850,056 |
| Pension plan accruals and contributions | $94,645 |
| Other employee benefits | $441,825 |
| Payroll taxes | $274,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,269 |
| Fees for services: Accounting | $15,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,754,873 |
| Advertising and promotion | $101,806 |
| Office expenses | $24,056 |
| Information technology | $194,293 |
| Royalties | $0 |
| Occupancy | $120,192 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,578 |
| Interest | $16,639 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,664 |
| Insurance | $0 |
| All other expenses | $1,925 |
| Total functional expenses | $6,674,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,805 |
| Savings and temporary cash investments | $575,815 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $868,631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $221,622 |
| Net Land, buildings, and equipment | $3,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $163,197 |
| Total assets | $2,083,368 |
| Accounts payable and accrued expenses | $236,226 |
| Grants payable | $0 |
| Deferred revenue | $233,825 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $164,480 |
| Total liabilities | $634,531 |
| Net assets without donor restrictions | $1,448,837 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,083,368 |