Vhs Inc
- Assets
- $2.2m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 55
- Location
- Maynard, MA
- Founding
- 11/2001
- Data as of
- 06/2022
- 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 06/2022, Vhs Inc employed 55 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 06/2022, Vhs Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 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
2022
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 | $275,663 |
Jane Gallagher Board Clerk, | OfficerTrustee | 41 | $119,347 |
Chad Dorsey Treasurer | OfficerTrustee | 1 | $0 |
Chuck Olson Board Chairm | OfficerTrustee | 2 | $0 |
Karen Billings Director | Trustee | 1 | $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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,020,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,020,736 |
| Total Program Service Revenue | $5,007,686 |
| Investment income | $1,329 |
| 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 | $7,029,751 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,482,617 |
| Pension plan accruals and contributions | $99,229 |
| Other employee benefits | $445,215 |
| Payroll taxes | $283,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $18,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,769,927 |
| Advertising and promotion | $128,602 |
| Office expenses | $39,364 |
| Information technology | $174,474 |
| Royalties | $0 |
| Occupancy | $119,126 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,119 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,664 |
| Insurance | $0 |
| All other expenses | $1,925 |
| Total functional expenses | $6,992,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,099 |
| Savings and temporary cash investments | $759,201 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $459,980 |
| 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 | $229,579 |
| Net Land, buildings, and equipment | $8,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,000 |
| Total assets | $2,159,485 |
| Accounts payable and accrued expenses | $341,992 |
| Grants payable | $0 |
| Deferred revenue | $379,965 |
| 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 | $0 |
| Total liabilities | $721,957 |
| Net assets without donor restrictions | $1,437,528 |
| 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 | $2,159,485 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vhs Inc has recieved totaling $30,113.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $113 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
United For Respect Education Fund Brooklyn, NY | $7,552,270 | $7,410,651 |
1st Street Foundation Inc Brooklyn, NY | $4,623,074 | $8,726,760 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
West Bay Collaborative Inc Warwick, RI | $2,617,303 | $5,710,370 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Nashua Adult Learning Center Inc Nashua, NH | $5,002,850 | $5,676,963 |
Vermont Adult Learning Inc Waitsfield, VT | $1,289,780 | $4,391,996 |
Connecticut Center For Arts & Technology Inc New Haven, CT | $3,075,426 | $11,576,748 |
Read To Lead Inc New York, NY | $3,901,385 | $3,177,958 |