Vcy America Inc
- Assets
- $9.9m
- Revenue
- $4.4m
- Investments
- $1.1m
- Employees
- 33
- Location
- Milwaukee, WI
- Founding
- 07/1972
- Data as of
- 12/2017
- EIN
- 39-1023403
Organization Overview
Vcy America Inc is located in Milwaukee, WI. The organization was established in 1972. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Vcy America Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vcy America 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 12/2017, Vcy America Inc generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN RADIO & TELEVISION BROADCASTING
Describe the Organization's Program Activity:
CHRISTIAN RADIO STATIONS
CHRISTIAN TELEVISION STATION
CHRISTIAN BOOKSTORE
CHRISTIAN BIBLE CAMP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Schneider Vice President | OfficerTrustee | 40 | $91,947 |
Randy Melchert Secretary/treasurer | OfficerTrustee | 0 | $0 |
Dr Les Ollila Vice President | OfficerTrustee | 0 | $0 |
Dr Randall Melchert President | OfficerTrustee | 0 | $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 | $3,172,446 |
| Noncash contributions included in lines 1a–1f | $19,733 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,172,446 |
| Total Program Service Revenue | $780,350 |
| Investment income | $37,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $135,236 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,388,148 |
| 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 | $6,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,947 |
| Compensation of current officers, directors, key employees. | $91,947 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,018,847 |
| Pension plan accruals and contributions | $43,062 |
| Other employee benefits | $0 |
| Payroll taxes | $83,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $143,481 |
| Fees for services: Accounting | $101,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,239 |
| Fees for services: Other | $31,962 |
| Advertising and promotion | $0 |
| Office expenses | $69,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,275,209 |
| Travel | $48,233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $367,796 |
| Insurance | $323,620 |
| All other expenses | $63,798 |
| Total functional expenses | $4,531,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,661 |
| Savings and temporary cash investments | $1,776,647 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,805 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,699 |
| Prepaid expenses and deferred charges | $28,620 |
| Net Land, buildings, and equipment | $6,166,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,129,049 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $396,616 |
| Total assets | $9,863,404 |
| Accounts payable and accrued expenses | $168,384 |
| 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 | $3,749 |
| Total liabilities | $172,133 |
| Unrestricted restricted net Assets | $7,969,023 |
| Temporarily restricted net Assets | $1,722,248 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $9,691,271 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vcy America Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Todd And Kathleen Stittleburg Destination Heaven Foundation Hillsboro, WI PURPOSE: CHARITABLE DONATION | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Relevant Radio Inc Lincolnshire, IL | $100,083,301 | $30,552,688 |
Advent House Ministries Inc Lansing, MI | $1,296,917 | $17,350,571 |
Mel Trotter Ministries Grand Rapids, MI | $13,737,280 | $17,550,593 |
Josiah Venture Nfp Wheaton, IL | $16,890,117 | $13,544,001 |
Alpha Usa Naperville, IL | $4,051,813 | $10,198,645 |
Wesley Village Inc Macomb, IL | $11,643,378 | $8,896,317 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
Interim Pastor Ministries Inc Orleans, MI | $699,514 | $5,433,287 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Training Leaders International Minneapolis, MN | $2,737,195 | $5,107,369 |
Leadership Resources International Palos Heights, IL | $4,418,909 | $4,858,234 |