Vocational Training Center Inc
- Assets
- $8.2m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 259
- Location
- Fargo, ND
- Founding
- 02/1964
- Data as of
- 06/2022
- EIN
- 45-0277254
Organization Overview
Vocational Training Center Inc is located in Fargo, ND. The organization was established in 1964. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, Vocational Training Center Inc employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vocational Training Center 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, Vocational Training Center Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $7.3m during the year ending 06/2022. While expenses have increased by 5.5% 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
TO PROVIDE TRAINING FOR ADULTS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VTC PROVIDES DAY HABILITATION, PRE-VOCATIONAL, JOB PLACEMENT, JOB COACHING, IN-HOME SUPPORTS, AND RESIDENTIAL HABILITATION TO ADULTS WITH DEVELOPMENTAL DISABILITIES. VTC SERVED OVER 190 PEOPLE IN THE 2021-2022 FISCAL YEAR. THE COUNCIL ON QUALITY AND LEADERSHIP REVIEWED VTC'S OPERATIONS DURING FEBRUARY 2020 AND RE-ACCREDITED THE ORGANIZATION FOR ANOTHER 4 YEARS. THE NEXT ACCREDITATION REVIEW IS SCHEDULED FOR JANUARY 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wheeler Board President | OfficerTrustee | 1 | $0 |
Jackie Gapp Board Vice President | OfficerTrustee | 1 | $0 |
Bob Stroup III Board Secretary | OfficerTrustee | 1 | $0 |
Scott Green Board Treasurer | OfficerTrustee | 1 | $0 |
Eldor Scheid Board Member | Trustee | 1 | $0 |
Senator Judy Lee Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $65,002 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,151,539 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,356 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,297,897 |
| Total Program Service Revenue | $7,131,084 |
| Investment income | $15,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,703 |
| Net Gain/Loss on Asset Sales | $46,019 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,486,105 |
| 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. | $334,271 |
| Compensation of current officers, directors, key employees. | $334,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,113,205 |
| Pension plan accruals and contributions | $181,554 |
| Other employee benefits | $847,245 |
| Payroll taxes | $341,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,930 |
| Advertising and promotion | $9,042 |
| Office expenses | $507,309 |
| Information technology | $119,058 |
| Royalties | $0 |
| Occupancy | $212,217 |
| Travel | $75,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,944 |
| Interest | $18,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,188 |
| Insurance | $59,076 |
| All other expenses | $111,786 |
| Total functional expenses | $7,309,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,472,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $906,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $178,519 |
| Prepaid expenses and deferred charges | $19,556 |
| Net Land, buildings, and equipment | $3,911,864 |
| Investments—publicly traded securities | $1,685,028 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,250 |
| Total assets | $8,186,573 |
| Accounts payable and accrued expenses | $468,561 |
| 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 | $852,534 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,321,095 |
| Net assets without donor restrictions | $6,865,478 |
| 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 | $8,186,573 |