V-Linc Inc
- Assets
- $571.4k
- Revenue
- $241.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Baltimore, MD
- Founding
- 09/1990
- Data as of
- 12/2017
- EIN
- 52-1690790
Organization Overview
V-Linc Inc is located in Baltimore, MD. The organization was established in 1990. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2017, V-Linc Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. V-Linc 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 12/2017, V-Linc Inc generated $241.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $291.9k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO IDENTIFY AND CREATE TECHNOLOGICAL SOLUTIONS TO IMPROVE INDEPENDENCE AND QUALITY OF LIFE FOR PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
V-LINC PROVIDES ASSESSMENTS AND CUSTOM SOLUTIONS TO PEOPLE WITH DISABILITIES THROUGH ITS VOLUNTEER MEDICAL PROFESSIONALS AND ENGINEERS AS WELL AS PARTNERSHIPS WITH ENGINEERING CLASSES IN SECONDARY SCHOOLS AND AT INSTITUTIONS OF HIGHER EDUCATION. SOLUTIONS INCLUDE ADAPTIVE DEVICES, EQUIPMENT MODIFICATIONS AND SOFTWARE (ASSISTIVE TECHNOLOGIES) AIMING TO PROMOTE INDEPENDENCE AND FULL PARTICIPATION IN SOCIETY. V-LINCS CUSTOM SOLUTIONS TO MEET UNIQUE NEEDS ARE CONSIDERED WHEN NO COMMERCIAL PRODUCT IS EASILY AVAILABLE. ENGINEERING AND MEDICAL PROFESSIONALS, AMONG OTHER PROFESSIONALS, CONTRIBUTED SERVICES VALUED AT $97,800 TO PEOPLE WITH DISABILITIES BY CUSTOMIZING DEVICES OR EQUIPMENT TO HELP THEM BECOME MORE INDEPENDENT. IN ADDITION, ENGINEERING CLASSES IN 11 SECONDARY SCHOOLS AND INSTITUTIONS OF HIGHER EDUCATION PROVIDED OVER 5,300 HOURS OF VOLUNTEER TIME CUSTOMIZING DEVICES OR EQUIPMENT. AS PART OF ITS TRAINING ACTIVITIES V-LINC OFFERS AN INCLUSIVE DAY CAMP PROGRAM FOR CHILDREN WITH AND WITHOUT DISABILITIES; CAMP INCLUDES COMPUTER AND TABLET TRAINING AND CREATIVE ACTIVITIES AS WELL AS FIELD TRIPS.
V-LINC PROVIDES ASSESSMENTS AND CUSTOM SOLUTIONS TO PEOPLE WITH DISABILITIES THROUGH ITS VOLUNTEER MEDICAL PROFESSIONALS AND ENGINEERS AS WELL AS PARTNERSHIPS WITH ENGINEERING CLASSES IN SECONDARY SCHOOLS AND AT INSTITUTIONS OF HIGHER EDUCATION. SOLUTIONS INCLUDE ADAPTIVE DEVICES, EQUIPMENT MODIFICATIONS AND SOFTWARE (ASSISTIVE TECHNOLOGIES) AIMING TO PROMOTE INDEPENDENCE AND FULL PARTICIPATION IN SOCIETY. V-LINCS CUSTOM SOLUTIONS TO MEET UNIQUE NEEDS ARE CONSIDERED WHEN NO COMMERCIAL PRODUCT IS EASILY AVAILABLE. ENGINEERING AND MEDICAL PROFESSIONALS, AMONG OTHER PROFESSIONALS, CONTRIBUTED SERVICES VALUED AT $97,800 TO PEOPLE WITH DISABILITIES BY CUSTOMIZING DEVICES OR EQUIPMENT TO HELP THEM BECOME MORE INDEPENDENT. IN ADDITION, ENGINEERING CLASSES IN 11 SECONDARY SCHOOLS AND INSTITUTIONS OF HIGHER EDUCATION PROVIDED OVER 5,300 HOURS OF VOLUNTEER TIME CUSTOMIZING DEVICES OR EQUIPMENT. AS PART OF ITS TRAINING ACTIVITIES V-LINC OFFERS AN INCLUSIVE DAY CAMP PROGRAM FOR CHILDREN WITH AND WITHOUT DISABILITIES; CAMP INCLUDES COMPUTER AND TABLET TRAINING AND CREATIVE ACTIVITIES AS WELL AS FIELD TRIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura K Duklewski Director | Trustee | 1 | $0 |
Genevieve Polk Director | Trustee | 1 | $0 |
Katherine Theresa Tetrault Treasurer | OfficerTrustee | 1 | $0 |
Laura Skowronski Bouyea Director | Trustee | 1 | $0 |
John Haug Director | Trustee | 1 | $0 |
Brenda Isennock Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $8,112 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,456 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,568 |
| Total Program Service Revenue | $13,786 |
| Investment income | $18,784 |
| 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 | $241,138 |
| 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. | $92,003 |
| Compensation of current officers, directors, key employees. | $21,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,179 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,764 |
| Payroll taxes | $16,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,271 |
| Advertising and promotion | $5,060 |
| Office expenses | $14,687 |
| 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 | $536 |
| Insurance | $11,250 |
| All other expenses | $0 |
| Total functional expenses | $291,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,309 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500 |
| 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 | $5,085 |
| Net Land, buildings, and equipment | $4,310 |
| Investments—publicly traded securities | $419,173 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $571,377 |
| Accounts payable and accrued expenses | $5,928 |
| 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 | $7,374 |
| Total liabilities | $13,302 |
| Unrestricted restricted net Assets | $215,971 |
| Temporarily restricted net Assets | $233,566 |
| Permanently restricted net Assets or current funds | $108,538 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $558,075 |