Volunteers Of America
- Assets
- $11.9m
- Revenue
- $12.1m
- Investments
- $5.6m
- Employees
- 343
- Location
- Brunswick, ME
- Founding
- 05/1965
- Data as of
- 06/2022
- EIN
- 58-1818450
Organization Overview
Volunteers Of America is located in Brunswick, ME. The organization was established in 1965. According to its NTEE Classification (P26) the organization is classified as: Volunteers of America, under the broad grouping of Human Services and related organizations. As of 06/2022, Volunteers Of America employed 343 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Volunteers Of America 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 generated $12.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $11.5m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 6 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
OFFERING HIGH QUALITY AFFORDABLE HOUSING, RESIDENTIAL TREATMENT, AND SOCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES AFFORDABLE AND SUPPORTIVE HOUSING AND COMMUNITY-BASED SOCIAL SERVICES WITHIN MAINE AND NEW HAMPSHIRE.
PASS-THROUGH INCOME FROM ELDERLY HOUSING PROJECT - VOANNE BANGOR SENIOR HOUSING L.P.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hooks Wayman President/ceo | OfficerTrustee | 40 | $121,481 |
Teresa Baldwin COO | Officer | 40 | $120,965 |
Jessie Lilly CFO | Officer | 40 | $89,310 |
Brad Macdonald Treasurer | OfficerTrustee | 0.1 | $0 |
Rob Johnson Chairman | OfficerTrustee | 0.1 | $0 |
Sarah Higgins Secretary | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mas Medical Staffing Temp Staffing | 6/29/21 | $101,764 |
Berrydunn Accounting Services | 6/29/21 | $112,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,679 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $33,971 |
| Government grants | $10,352,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $462,007 |
| Noncash contributions included in lines 1a–1f | $31,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,859,166 |
| Total Program Service Revenue | $1,199,538 |
| Investment income | $5,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,139,266 |
| 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. | $461,244 |
| Compensation of current officers, directors, key employees. | $461,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,354,850 |
| Pension plan accruals and contributions | $56,644 |
| Other employee benefits | $846,071 |
| Payroll taxes | $540,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,184 |
| Fees for services: Accounting | $91,089 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,033 |
| Fees for services: Other | $194,629 |
| Advertising and promotion | $0 |
| Office expenses | $450,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $463,176 |
| Travel | $27,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,042 |
| Interest | $40,410 |
| Payments to affiliates | $246,155 |
| Depreciation, depletion, and amortization | $31,772 |
| Insurance | $24,938 |
| All other expenses | $0 |
| Total functional expenses | $11,527,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,166,025 |
| Savings and temporary cash investments | $1,221,984 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,389,569 |
| 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 | $46,023 |
| Net Land, buildings, and equipment | $399,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,594,947 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,767 |
| Total assets | $11,911,991 |
| Accounts payable and accrued expenses | $704,922 |
| 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 | $819,207 |
| Unsecured mortgages and notes payable | $45,673 |
| Other liabilities | $660,945 |
| Total liabilities | $2,230,747 |
| Net assets without donor restrictions | $9,072,359 |
| Net assets with donor restrictions | $608,885 |
| 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 | $11,911,991 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Volunteers Of America has recieved totaling $27,210.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Center to Support Independence of Specific Population | $22,710 |
Narragansett Number One Foundation Bar Mills, ME PURPOSE: FUND PROGRAM THAT HELPS VETERANS | $3,500 |
Theodore And Elizabeth Schmidt Family Foundation Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $1,266,476 |
| Earnings | -$118,455 |
| Admin Expense | $22,435 |
| Net Contributions | $90,321 |
| Ending Balance | $1,215,907 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Volunteers Of America Brunswick, ME | $11,911,991 | $12,139,266 |
Volunteers Of America Inc Brunswick, ME | $3,478,880 | $1,247,025 |
Volunteers Of America Inc Brunswick, ME | $4,107,411 | $265,212 |
Volunteers Of America Inc Brunswick, ME | $1,808,750 | $293,048 |
Volunteers Of America Inc Brunswick, ME | $410,029 | $58,145 |
Volunteers Of America Inc Brunswick, ME | $532,300 | $67,471 |
Volunteers Of America Inc Brunswick, ME | $708,067 | $22,643 |
Volunteers Of America Inc Brunswick, ME | $84,154 | $0 |