Volunteers Of America Inc
- Assets
- $3.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 32
- Location
- Eden Prairie, MN
- Founding
- 05/1965
- Data as of
- 06/2022
- EIN
- 41-1776635
Organization Overview
Volunteers Of America Inc is located in Eden Prairie, MN. The organization was established in 1965. 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 06/2022, Volunteers Of America Inc employed 32 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 $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 8.3% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEERS OF AMERICA ASSISTED LIVING COMMUNITIES PROVIDES HEALTHCARE AND ASSISTED LIVING SERVICES IN MINNESOTA 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 |
Arnold Patti 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 |
|---|---|---|
Cura Hospitality Dietary Services | 6/29/20 | $205,027 |
Aviands Llc Dietary Services | 6/29/20 | $103,266 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,429 |
| Total Program Service Revenue | $2,466,428 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $8,308 |
| 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 | $2,527,165 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,005,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,956 |
| Payroll taxes | $61,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,607 |
| Fees for services: Accounting | $9,447 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $514,332 |
| Advertising and promotion | $35,363 |
| Office expenses | $35,948 |
| Information technology | $35,490 |
| Royalties | $0 |
| Occupancy | $193,038 |
| Travel | $848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,827 |
| Interest | $168,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,999 |
| Insurance | $62,322 |
| All other expenses | $28,132 |
| Total functional expenses | $2,811,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $139,885 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $614,248 |
| 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 | $88,481 |
| Net Land, buildings, and equipment | $1,729,246 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $718,815 |
| Total assets | $3,291,375 |
| Accounts payable and accrued expenses | $370,274 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,150,294 |
| 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 | $6,315,923 |
| Total liabilities | $9,836,491 |
| Net assets without donor restrictions | -$6,545,116 |
| 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 | $3,291,375 |