Vocational Development Center Inc
- Assets
- $13.0m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 529
- Location
- Council Bluffs, IA
- Founding
- 09/1968
- Data as of
- 06/2021
- EIN
- 42-0939347
Organization Overview
Vocational Development Center Inc, operating under the name Vodec, is located in Council Bluffs, IA. The organization was established in 1968. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Vodec employed 529 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vodec 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 06/2021, Vodec generated $16.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $14.8m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE VOCATIONAL DEVELOPMENT CENTER, INC. IS TO PROVIDE SERVICES TO PERSONS WITH DISABILITIES IN ORDER THAT THOSE PERSONS MAY LIVE, WORK AND PARTICIPATE IN THE COMMUNITY IN THE LEAST RESTRICTIVE ENVIRONMENT TO ACHIEVE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IOWA & NEBRASKA SERVICES: THE VOCATIONAL DEVELOPMENT CENTER, INC. PROVIDED SERVICES TO CLIENTS THAT INCLUDED: SHELTER WORK, SUPPORTED EMPLOYMENT, DAY HAB, SCL, PRE-VOCATIONAL, HABILITATION, AND OTHERS.
WORKSHOP SERVICES: THE VOCATIONAL DEVELOPMENT CENTER, INC. EMPLOYED PERSONS WITH DISABILITIES.
OWNED AND LEASED RESIDENTIAL PROPERTIES: THE VOCATIONAL DEVELOPMENT CENTER, INC. LEASED OR SUBLEASED TO CLIENTS FOR THEIR PERMANENT RESIDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hodapp CEO | Officer | $0 | |
Kathy Fiscus Director | Trustee | $0 | |
Amy Carter Director | Trustee | $0 | |
David Koley Director | Trustee | $0 | |
Daron Kruse Director | Trustee | $0 | |
Andrea Patten Treasurer | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,477,071 |
| All other contributions, gifts, grants, and similar amounts not included above | $728,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,205,970 |
| Total Program Service Revenue | $13,962,069 |
| Investment income | $30,271 |
| 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 | $16,204,305 |
| 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 | $6,939,816 |
| Pension plan accruals and contributions | $220,377 |
| Other employee benefits | $758,288 |
| Payroll taxes | $751,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,443,596 |
| Advertising and promotion | $0 |
| Office expenses | $313,892 |
| Information technology | $168,862 |
| Royalties | $0 |
| Occupancy | $417,629 |
| Travel | $184,841 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,111 |
| Interest | $976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $313,394 |
| Insurance | $172,299 |
| All other expenses | $6,503 |
| Total functional expenses | $14,775,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,825,369 |
| Savings and temporary cash investments | $3,583,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,717,293 |
| 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 | $107,320 |
| Net Land, buildings, and equipment | $2,740,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,393 |
| Total assets | $12,984,673 |
| Accounts payable and accrued expenses | $1,932,665 |
| 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 | $1,932,665 |
| Net assets without donor restrictions | $11,052,008 |
| 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 | $12,984,673 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vocational Development Center Inc has recieved totaling $148.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |