Vip Services Inc
- Assets
- $5.6m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 193
- Location
- Elkhorn, WI
- Founding
- 01/1976
- Data as of
- 12/2022
- EIN
- 39-1227648
Organization Overview
Vip Services Inc is located in Elkhorn, WI. The organization was established in 1976. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Vip Services Inc employed 193 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vip Services 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, Vip Services Inc generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. 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
PROVIDE WORK AND LIFE SKILLS TRAINING FOR INDIVIDUALS WITH DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING WORK AND LIFE SKILLS TRAINING
PROVIDING WORK AND LIFE SKILLS TRAINING FOR APPROXIMATELY 325 INDIVIDUALS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Ring Treasurer | OfficerTrustee | 3 | $0 |
Cheryl Ackman Vice Preside | OfficerTrustee | 3 | $0 |
Catherine Duesterbeck Secretary | OfficerTrustee | 3 | $0 |
Katherine George Board Member | Trustee | 3 | $0 |
Robert Putnam Board Member | Trustee | 3 | $0 |
Donald Vandello President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,750 |
| Membership dues | $0 |
| Fundraising events | $81,767 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,314 |
| Total Program Service Revenue | $5,473,210 |
| Investment income | $2,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,090 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,828,675 |
| 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. | $378,692 |
| Compensation of current officers, directors, key employees. | $211,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,930,593 |
| Pension plan accruals and contributions | $43,170 |
| Other employee benefits | $431,918 |
| Payroll taxes | $252,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,721 |
| Advertising and promotion | $26,563 |
| Office expenses | $60,975 |
| Information technology | $48,322 |
| Royalties | $0 |
| Occupancy | $138,080 |
| Travel | $8,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,531 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $296,006 |
| Insurance | $230,253 |
| All other expenses | $1 |
| Total functional expenses | $6,471,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,421 |
| Savings and temporary cash investments | $1,473,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $576,885 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $132,519 |
| Prepaid expenses and deferred charges | $67,097 |
| Net Land, buildings, and equipment | $3,138,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,647,714 |
| Accounts payable and accrued expenses | $329,119 |
| 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 | $329,119 |
| Net assets without donor restrictions | $5,222,211 |
| Net assets with donor restrictions | $96,384 |
| 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 | $5,647,714 |