Transylvania Vocational Services Inc
- Assets
- $52.2m
- Revenue
- $34.2m
- Investments
- $1.0k
- Employees
- 230
- Location
- Brevard, NC
- Founding
- 07/1980
- Data as of
- 06/2022
- EIN
- 56-1261616
Organization Overview
Transylvania Vocational Services Inc is located in Brevard, NC. The organization was established in 1980. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Transylvania Vocational Services Inc employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transylvania Vocational Services 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, Transylvania Vocational Services Inc generated $34.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $17.7m during the year ending 06/2022. While expenses have increased by 13.1% 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
TRANSYLVANIA VOCATIONAL SERVICES IS COMMITTED TO PROVIDING QUALITY EMPLOYMENT, TRAINING, RESIDENTIAL AND COMMUNITY SERVICES TO INDIVIDUALS WITH DISABILITIES AND DISADVANTAGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSYLVANIA VOCATIONAL SERVICES' PROGRAMS AND SERVICES INCLUDE VOCATIONAL EVALUATION, WORK ADJUSTMENT TRAINING, SUPPORTED EMPLOYMENT WITH LONG-TERM SERVICES, ADULT DEVELOPMENTAL VOCATIONAL PROGRAMS, AND LIFE SKILLS ADULT DAY ACTIVITIES PROGRAMS. DURING THE YEAR, THERE WERE 242 CLIENTS SERVED IN THESE PROGRAMS.10 PEOPLE IN THE WORK TRAINING PROGRAM WERE PLACED ON JOBS AND 10 REACHED THE GOAL OF 90 DAYS OF EMPLOYMENT. 16 PEOPLE WERE PLACED ON A JOB THROUGH THE SUPPORTED EMPLOYMENT PROGRAM AND 10 PEOPLE REACHED THE 90 DAY EMPLOYMENT GOAL. OUR PRE EMPLOYMENT TRANSISTION SERVICES SERVED 154 CLIENTS.JOB PLACEMENTS WERE MADE AT 26 DIFFERENT BUSINESSES IN THE COMMUNITY. PRE-EMPLOYMENT TRANSITIONS SERVICES ENROLLED 154 STUDENTS IN 7 HIGH SCHOOLS. 16 PEOPLE WERE SERVED IN THE LIFE SKILLS PROGRAM. INTERACT SERVED 24 INDIVIDUALS. SURVEYS OF PERSONS SERVED AND OTHER STAKEHOLDERS SUCH AS COMMUNITY AGENCIES AND EMPLOYERS INDICATED SATISFACTION WITH THE SERVICES PROVIDED BY TVS. PERSONS SERVED HAD A WIDE RANGE OF DISABILITIES INCLUDING PHYSICAL, MENTAL RETARDATION, MENTAL HEALTH ISSUES, AND OTHER BARRIERS TO EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Gleasman Board Member | Trustee | 0.5 | $0 |
Callie Coester Board Member | Trustee | 0.5 | $0 |
Joe Depippo Board Member | Trustee | 0.5 | $0 |
Jack T Parker Board Member | Trustee | 0.5 | $0 |
Shelly Webb Board Member | Trustee | 0.5 | $0 |
Nancy B Stricker Board Member | Trustee | 0.5 | $16,088 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epac Atlanta Llc Packaging Printer | 6/29/21 | $1,891,380 |
Yole Properties Llc Rent Of Warehouse | 6/29/21 | $376,620 |
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 | $64,165 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,165 |
| Total Program Service Revenue | $1,418,053 |
| Investment income | $46,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$75,330 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $32,729,491 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,183,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,800 |
| Grants and other assistance to domestic individuals. | $17,977 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $359,843 |
| Compensation of current officers, directors, key employees. | $359,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,502,149 |
| Pension plan accruals and contributions | $123,549 |
| Other employee benefits | $546,849 |
| Payroll taxes | $650,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,249 |
| Fees for services: Other | $606,354 |
| Advertising and promotion | $46,419 |
| Office expenses | $69,374 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $764,930 |
| Travel | $112,810 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76,652 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $829,384 |
| Insurance | $179,984 |
| All other expenses | $117,042 |
| Total functional expenses | $17,721,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,800,627 |
| Savings and temporary cash investments | $1,223,188 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,014,282 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,174,164 |
| Prepaid expenses and deferred charges | $126,720 |
| Net Land, buildings, and equipment | $11,561,157 |
| Investments—publicly traded securities | $3,316,980 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,218,118 |
| Accounts payable and accrued expenses | $4,711,226 |
| Grants payable | $0 |
| Deferred revenue | $3,178 |
| 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 | $0 |
| Total liabilities | $4,714,404 |
| Net assets without donor restrictions | $47,503,714 |
| 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 | $52,218,118 |
Grants Awarded
Over the last fiscal year, Transylvania Vocational Services Inc has awarded $7,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FREE REIN INC PURPOSE: TO HELP PARTNER HORSES AND HUMANS TO PROVIDE LIFE CHANGING EXPERIENCES FOR STUDENTS AND THEIR FAMILIES. | $7,000 |
A-TEAM GRASSROOTS SYSTEM INC PURPOSE: PROGRAM ASSISTANCE | $500 |