The Village Network Foundation Inc is located in Wooster, OH. The organization was established in 1963. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Network Foundation 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, Village Network Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $375.6k during the year ending 06/2022. While expenses have increased by 2.0% 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
TO INVEST FUNDS FOR USE IN THE OPERATIONS OF ITS SOLE BENEFICIARY, THE VILLAGE NETWORK, A RELATED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AN ANNUAL CASH DISTRIBUTION TO THE VILLAGE NETWORK.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Graziano President And Chief Executive Officer | Officer | 1 | $0 |
Bel Klockenga Chief Financial Officer | Officer | 1 | $0 |
Matt Long Vice Chair (tvn) | Trustee | 0 | $0 |
Adrian Besancon Foundation Chair | Trustee | 0 | $0 |
Steve Nichols Trustee | Trustee | 0 | $0 |
Scott Allen Board Chair(tvn) | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $74,533 |
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 | $74,533 |
Total Program Service Revenue | $0 |
Investment income | $459,013 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $523,726 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,057,272 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $330,435 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $45,181 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $375,616 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $13,169,165 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $13,169,165 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $12,898,567 |
Net assets with donor restrictions | $270,598 |
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 | $13,169,165 |
Over the last fiscal year, we have identified 1 grants that The Village Network Foundation Inc has recieved totaling $25,000.
Awarding Organization | Amount |
---|---|
Laura B Frick Tr U Item 17 Uwo Pittsburgh, PA PURPOSE: NEW GYM FLOOR RENOVATIONS | $25,000 |
Beg. Balance | $331,066 |
Earnings | -$46,199 |
Other Expense | $14,269 |
Ending Balance | $270,598 |
Organization Name | Assets | Revenue |
---|---|---|
Melmark Inc Berwyn, PA | $140,011,030 | $123,679,876 |
Passavant Memorial Homes Pittsburgh, PA | $39,485,382 | $81,360,787 |
Holland Home Grand Rapids, MI | $253,276,947 | $69,201,377 |
Comprehensive Senior Care Corporation Battle Creek, MI | $10,654,831 | $60,337,060 |
Invision Customized Services Wexford, PA | $21,957,854 | $49,156,313 |
Mcguire Memorial New Brighton, PA | $44,351,777 | $44,371,803 |
Christian Care Communities Inc Louisville, KY | $83,402,839 | $39,447,588 |
Childrens Home Of Cincinnati Ohio Inc Cincinnati, OH | $65,897,298 | $40,090,386 |
Community Interactions Inc Swarthmore, PA | $14,512,049 | $30,168,215 |
Villages Of Indiana Inc Bloomington, IN | $7,944,114 | $29,918,682 |
Brians House Incorporated Exton, PA | $19,033,856 | $26,774,855 |
Judson Center Inc Farmington Hills, MI | $21,486,927 | $26,823,908 |