Vmp Foundation Inc
- Assets
- $8.7m
- Revenue
- $717.9k
- Investments
- $0.0
- Employees
- 0
- Location
- West Allis, WI
- Founding
- 05/1976
- Data as of
- 12/2021
- EIN
- 51-0188458
Organization Overview
Vmp Foundation Inc is located in West Allis, WI. The organization was established in 1976. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vmp Foundation 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 12/2021, Vmp Foundation Inc generated $717.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $596.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VMP FOUNDATION, INC. SOLICITS AND CONTROLS ASSETS FOR THE BENEFIT OF METHODIST MANOR, INC., METHODIST MANOR HEALTH CENTER, INC., AND METHODIST MANOR OF WAUKESHA, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLD AND DISTRIBUTE DONATIONS FOR RELATED FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Affeldt Secretary | OfficerTrustee | 1 | $0 |
Kathryn Leverenz Chairman Of The Board | OfficerTrustee | 1 | $0 |
Thomas Tomasik Treasurer | OfficerTrustee | 1 | $0 |
Dylan Mann Current CFO | Officer | 8 | $0 |
Jedd Lapid Foundation President | Officer | 8 | $0 |
Linda Newberry-Ferguson Current Vmp President And | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,437 |
| Total Program Service Revenue | $0 |
| Investment income | $492,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $189,985 |
| Net Income from Fundraising Events | -$9,394 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $717,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $342,578 |
| Grants and other assistance to domestic individuals. | $9,950 |
| 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 | $176,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $385 |
| Payroll taxes | $10,614 |
| 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 | $45,979 |
| Fees for services: Other | $7,053 |
| Advertising and promotion | $222 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468 |
| Insurance | $0 |
| All other expenses | $2,564 |
| Total functional expenses | $596,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,164 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,365 |
| Investments—publicly traded securities | $6,681,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,898,740 |
| Total assets | $8,733,373 |
| Accounts payable and accrued expenses | $2,185 |
| 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 | $1,851,211 |
| Total liabilities | $1,853,396 |
| Net assets without donor restrictions | $4,875,232 |
| Net assets with donor restrictions | $2,004,745 |
| 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 | $8,733,373 |
Grants Awarded
Over the last fiscal year, Vmp Foundation Inc has awarded $36,884 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: STUDENTS TRAINING IN SENIOR CARE AND DR. DENIS LYNCH FUND FOR DESERVING STUDENTS | $20,000 |
Milwaukee, WI PURPOSE: STUDENTS TRAINING IN SENIOR CARE | $10,000 |
West Allis, WI PURPOSE: LANDSCAPING AND CHAPEL SOUND SYSTEM | $6,884 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vmp Foundation Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Carol And Richard Bayerlein Foundation Ltd Elm Grove, WI PURPOSE: CHARITABLE | $100 |
Endowment Analysis
| Beg. Balance | $886,718 |
| Net Contributions | $174 |
| Ending Balance | $886,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Eagle Lifecare Corporation Ann Arbor, MI | $303,368,922 | $57,418,152 |
Rest Haven Illiana Christian Convalescent Home Tinley Park, IL | $89,097,338 | $64,902,074 |
Senior Care Communities Inc St Paul, MN | $79,379,682 | $62,727,719 |
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Lutheran Homes Of Michigan Inc Saginaw, MI | $57,940,344 | $38,263,375 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |