Volunteers Of America Inc
- Assets
- $8.3m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 111
- Location
- Eden Prairie, MN
- Founding
- 05/1965
- Data as of
- 06/2022
- EIN
- 46-5251750
Organization Overview
Volunteers Of America Inc is located in Eden Prairie, MN. The organization was established in 1965. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Volunteers Of America Inc employed 111 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 $20.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $19.4m during the year ending 06/2022. While expenses have increased by 18.0% 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
VOANS SENIOR COMMUNITY CARE OF MICHIGAN, INC. CURRENTLY ADMINISTERS A PACE PROGRAM IN THE LANSING AREA OF MICHIGAN. PACE PROVIDES SERVICES SUCH AS HEALTHCARE, TRANSPORTATION, MEALS AND SOCIAL INTERACTION FOR LOW-INCOME SENIORS, WITH THE AIM TO ALLOW THEM TO LIVE INDEPENDENTLY IN THE COMMUNITY WHILE RECEIVING THE CARE THEY NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilson Geno Sharon President | OfficerTrustee | 0.5 | $0 |
Turnbull Thomas D Chair Of The Board | OfficerTrustee | 0.5 | $0 |
Reynolds Luke VP & Treasurer | OfficerTrustee | 0.5 | $0 |
Potter Lori VP & Treasurer (outgoing) | OfficerTrustee | 0.5 | $0 |
Shanlian Leslie Secretary | OfficerTrustee | 0.5 | $0 |
Brodrick Alex Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ew Sparrow Hospital Physician Services | 6/29/22 | $2,071,022 |
Ingham County Mcf Medical Care Facility And Rehabilitation | 6/29/22 | $894,907 |
Volunteers Of America National Services Management Fees | 6/29/22 | $555,806 |
Sparrow Specialty Hospital Physician Services | 6/29/22 | $543,934 |
Vista Springs Timber Ridge Assisted Living | 6/29/22 | $532,933 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $250,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,525 |
| Total Program Service Revenue | $19,855,342 |
| Investment income | $0 |
| 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 | $20,247,164 |
| 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 | $4,711,055 |
| Pension plan accruals and contributions | $31,890 |
| Other employee benefits | $467,027 |
| Payroll taxes | $347,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,414,606 |
| Advertising and promotion | $29,698 |
| Office expenses | $122,432 |
| Information technology | $209,217 |
| Royalties | $0 |
| Occupancy | $406,409 |
| Travel | $509,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,535 |
| Interest | $176,956 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,697 |
| Insurance | $148,910 |
| All other expenses | $29,624 |
| Total functional expenses | $19,440,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,192,776 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,368,353 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,622 |
| Prepaid expenses and deferred charges | $166,727 |
| Net Land, buildings, and equipment | $991,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,508,223 |
| Total assets | $8,256,601 |
| Accounts payable and accrued expenses | $1,824,091 |
| 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 | $533,053 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,048,234 |
| Total liabilities | $10,405,378 |
| Net assets without donor restrictions | -$2,148,777 |
| 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 | $8,256,601 |