Vgs Inc
- Assets
- $20.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 195
- Location
- Cleveland, OH
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 34-1873704
Organization Overview
Vgs Inc is located in Cleveland, OH. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Vgs Inc employed 195 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vgs 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 12/2022, Vgs Inc generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 8 years. 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
PROVIDING WORK EXPERIENCE AND EMPLOYMENT FOR PERSONS WITH SIGNIFICANT DISABILITIES THROUGH GOVERNMENT CONTRACT WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VGS, INC. PROVIDES EMPLOYMENT TO INDIVIDUALS WITH DISABILITIES. THROUGH THE ABILITYONE PROGRAM AND STATE OF OHIO CONTRACTS, VGS, INC. EMPLOYED 263 INDIVIDUALS IN 2022 AND PAID $2,732,616 IN GROSS WAGES FOR 189,117 HOURS WORKED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Joyce Chair | Trustee | 3 | $0 |
John Monroe Vice Chair-Facilities | Trustee | 2 | $0 |
James Jaye Vice Chair-Devel. | Trustee | 2 | $0 |
Tom Petredis Vice Chair-Finance | Trustee | 2 | $0 |
Liz Gillmore Vice Chair-Governance | Trustee | 2 | $0 |
Karen Flynn Shanahan Secretary | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greater Cincinnati Behavioral Health Ser Custodial Services | 12/30/22 | $112,645 |
J&j Ground Maintenance Llc Landscaping Services | 12/30/22 | $100,253 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,434,021 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,434,021 |
| 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 | $435,014 |
| Pension plan accruals and contributions | $69,120 |
| Other employee benefits | $382,684 |
| Payroll taxes | $345,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,700 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $297 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,354 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,529,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,067,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,958,322 |
| Inventories for sale or use | $36,141 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,593 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,081,758 |
| Accounts payable and accrued expenses | $346,598 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $346,598 |
| Net assets without donor restrictions | $19,735,160 |
| 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 | $20,081,758 |