Vibrant Futures
- Assets
- $1.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 24
- Location
- Grand Rapids, MI
- Founding
- 07/1969
- Data as of
- 09/2023
- EIN
- 38-2066096
Organization Overview
Vibrant Futures is located in Grand Rapids, MI. The organization was established in 1969. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 09/2023, Vibrant Futures employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vibrant Futures 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 09/2023, Vibrant Futures generated $5.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $4.8m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OPPORTUNITIES FOR CHILDREN AND YOUTH AND THOSE WHO CARE FOR THEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD AND ADULT CARE FOOD PROGRAM - VIBRANT FUTURES IS A SPONSOR OF THE CHILD AND ADULT CARE FOOD PROGRAM FUNDED BY THE U.S. DEPARTMENT OF AGRICULTURE AND ADMINISTERED BY THE MICHIGAN DEPARTMENT OF EDUCATION. IT PROVIDES MONTHLY FINANCIAL REIMBURSEMENT FOR HEALTHTY MEALS SERVED TO CHILDREN IN LICENSED AND RELATIVE CHILD CARE HOMES. 480 CHILD CARE PROVIDERS WERE HELPED TO PROVIDE NUTRITIOUS MEALS/SNACKS TO CHILDREN IN THEIR CARE, ENSURED NEARLY 1.8 MILLION MEALS SERVED TO YOUNG CHILDREN AND 2.6 MILLION IN CASH REIMBURSEMENTS TO STRENGTHEN CHILD CARE BUSINESSES THROUGH THIS PROGRAM
VIBRANT FUTURES SERVES AS THE FACILITATOR HUB FOR KENT COUNTY WORKING TO ONBOARD EMPLOYERS AND THEIR EMPLOYEES IN A THREE-WAY COST SHARE FOR CHILDCARE EXPENSES AND DISTRIBUTE PAYMENTS TO CHILDCARE PROVIDERS FOR GREATER AFFORDABILITY. ADDITONALLY, FOR FAMILY CHILD CARE NETWORKING
PARENT COACHING THROUGH HOME VISITS AND PLAYGROUPS FUNDED BY FIRST STEPS AND KENT COUNTY THROUGH MILLAGE; DELIVERED TO CAREGIVERS TO REINFORCE STRATEGIES AND SKILLS IN SCAFFOLDING LEARNING AND ENHANCING LITERACY DEVELOPMENT. NEARLY 300 PARENTS AND OTHER CAREGIVERS PARTICIPATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Esperanza Degnan Director | Trustee | 1 | $0 |
Jason Reyes Director | Trustee | 1 | $0 |
Lea Tobar Director | Trustee | 1 | $0 |
Alexis Kramer Director | Trustee | 1 | $0 |
Brad Walendzik Treasurer | OfficerTrustee | 1 | $0 |
Chris Williams Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,302,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,296 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,565,345 |
| Total Program Service Revenue | $543,137 |
| Investment income | $346 |
| 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 | $5,108,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,434,561 |
| 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. | $247,971 |
| Compensation of current officers, directors, key employees. | $31,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,666 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,863 |
| Payroll taxes | $61,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,150 |
| Advertising and promotion | $16,292 |
| Office expenses | $10,567 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,996 |
| Travel | $10,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,006 |
| Interest | $5,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $829 |
| Insurance | $14,605 |
| All other expenses | $0 |
| Total functional expenses | $4,814,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,435 |
| Savings and temporary cash investments | $79,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $431,949 |
| 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 | $460 |
| Net Land, buildings, and equipment | $2,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $476,041 |
| Total assets | $1,384,667 |
| Accounts payable and accrued expenses | $190,992 |
| 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 | $324,604 |
| Total liabilities | $515,596 |
| Net assets without donor restrictions | $697,065 |
| Net assets with donor restrictions | $172,006 |
| 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 | $1,384,667 |