Volunteers Of America Inc
- Assets
- $12.2m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 230
- Location
- Eden Prairie, MN
- Founding
- 05/1965
- Data as of
- 06/2022
- EIN
- 41-1647566
Organization Overview
Volunteers Of America Inc is located in Eden Prairie, MN. The organization was established in 1965. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Volunteers Of America Inc employed 230 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Volunteers Of 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 06/2022, Volunteers Of America Inc generated $15.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $15.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOA CARE CENTERS, MINNESOTA PROVIDES HEALTHCARE SERVICES IN MINNESOTA, INCLUDING NURSING AND LONG-TERM CARE, AND ASSISTED AND INDEPENDENT LIVING FACILITIES FOR SENIORS AND THOSE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
King Michael W President | OfficerTrustee | 3 | $0 |
Arnoldpatti Chairperson | OfficerTrustee | 0.1 | $0 |
Rase Nancy Vice Chair | OfficerTrustee | 0.1 | $0 |
Burks Jane Treasurer | OfficerTrustee | 0.1 | $0 |
Dolan Thomas Secretary | OfficerTrustee | 0.1 | $0 |
Carrington Edwina Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Voans Managment Fees | 6/29/22 | $500,766 |
Centrex Rehab Contract Therapy Provider | 6/29/22 | $675,953 |
Pathway Health Services Inc Nursing Consultants | 6/29/22 | $258,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,105 |
| Related organizations | $0 |
| Government grants | $1,685,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,695,951 |
| Total Program Service Revenue | $13,393,270 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $2,632 |
| 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 | $15,091,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,920 |
| 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 | $7,800,703 |
| Pension plan accruals and contributions | $62,328 |
| Other employee benefits | $739,780 |
| Payroll taxes | $357,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,374 |
| Fees for services: Accounting | $24,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,953,697 |
| Advertising and promotion | $138,186 |
| Office expenses | $447,812 |
| Information technology | $232,976 |
| Royalties | $0 |
| Occupancy | $618,997 |
| Travel | $6,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,275 |
| Interest | $141,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $451,379 |
| Insurance | $224,105 |
| All other expenses | $95,745 |
| Total functional expenses | $15,187,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,155 |
| Savings and temporary cash investments | $1,576,285 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,025,527 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,419 |
| Prepaid expenses and deferred charges | $422,035 |
| Net Land, buildings, and equipment | $3,448,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,678,667 |
| Total assets | $12,184,184 |
| Accounts payable and accrued expenses | $1,779,457 |
| Grants payable | $0 |
| Deferred revenue | $7,729 |
| Tax-exempt bond liabilities | $2,479,879 |
| 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 | $33,432 |
| Total liabilities | $4,300,497 |
| Net assets without donor restrictions | $7,883,687 |
| 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 | $12,184,184 |