Virginia Independence Training Organization
- Assets
- $383.6k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 46
- Location
- Norfolk, VA
- Founding
- 12/1999
- Data as of
- 06/2021
- EIN
- 54-1945517
Organization Overview
Virginia Independence Training Organization is located in Norfolk, VA. The organization was established in 1999. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2021, Virginia Independence Training Organization employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Independence Training Organization 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, Virginia Independence Training Organization generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 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
SIGNIFICANT ACTIVITIES:TO TEACH INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN A DAY SUPPORT SETTING, LIFE SKILLS THAT COULD LBE USED ON A DAY TO DAY BASIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SUPPORT SERVICE
DAY SUPPORT SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelo Morlino President | Officer | 40 | $179,167 |
Regina Morlino Vice President | Officer | 40 | $169,167 |
Richard Rogers Director | OfficerTrustee | 1 | $0 |
Dr Susan Sigler Chairman | OfficerTrustee | 1 | $0 |
Cathy Swaim Director | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,542,393 |
| 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 | $1,542,393 |
| 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. | $348,333 |
| Compensation of current officers, directors, key employees. | $348,333 |
| Compensation to disqualified persons | $784,613 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $91,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,630 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,730 |
| Office expenses | $15,141 |
| Information technology | $26,296 |
| Royalties | $0 |
| Occupancy | $121,462 |
| Travel | $4,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,471 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $110,710 |
| All other expenses | $32,677 |
| Total functional expenses | $1,745,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,482 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,982 |
| 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 | $331,108 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $383,572 |
| Accounts payable and accrued expenses | $0 |
| 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 | $177,184 |
| Unsecured mortgages and notes payable | $408,436 |
| Other liabilities | $0 |
| Total liabilities | $585,620 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $46,405 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$248,453 |
| Total liabilities and net assets/fund balances | $383,572 |
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