Volunteers Of America
- Assets
- $12.6m
- Revenue
- $13.6m
- Investments
- $5.7m
- Employees
- 362
- Location
- Brunswick, ME
- Founding
- 05/1965
- Data as of
- 06/2023
- 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 06/2023, Volunteers Of America employed 362 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 06/2023, Volunteers Of America generated $13.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $13.0m during the year ending 06/2023. While expenses have increased by 5.3% 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
2023
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, NEW HAMPSHIRE, AND VERMONT.
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 | $112,662 |
Brad Macdonald Treasurer | OfficerTrustee | 0.1 | $0 |
Eric French Secretary | OfficerTrustee | 0.1 | $0 |
Malisa Blessington Director | Trustee | 0.1 | $0 |
Awa Conteh Director | Trustee | 0.1 | $0 |
Bernadette Di Re Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berrydunn Accounting Services | 6/29/21 | $112,650 |
Mas Medical Staffing Temp Staffing | 6/29/21 | $101,764 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $19,516 |
| Government grants | $11,985,607 |
| All other contributions, gifts, grants, and similar amounts not included above | $365,428 |
| Noncash contributions included in lines 1a–1f | $31,501 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,370,551 |
| Total Program Service Revenue | $1,156,624 |
| Investment income | $20,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,460 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,603,208 |
| 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. | $465,252 |
| Compensation of current officers, directors, key employees. | $465,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,421,809 |
| Pension plan accruals and contributions | $85,344 |
| Other employee benefits | $989,446 |
| Payroll taxes | $648,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,960 |
| Fees for services: Accounting | $16,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,510 |
| Fees for services: Other | $282,442 |
| Advertising and promotion | $0 |
| Office expenses | $473,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $500,347 |
| Travel | $46,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,190 |
| Interest | $52,464 |
| Payments to affiliates | $272,272 |
| Depreciation, depletion, and amortization | $31,178 |
| Insurance | $28,917 |
| All other expenses | $0 |
| Total functional expenses | $13,014,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,154,002 |
| Savings and temporary cash investments | $1,351,982 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,671,548 |
| 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 | $74,793 |
| Net Land, buildings, and equipment | $419,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,718,827 |
| Investments—program-related | $0 |
| Intangible assets | $151,047 |
| Other assets | $66,905 |
| Total assets | $12,608,683 |
| Accounts payable and accrued expenses | $1,149,827 |
| 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 | $774,854 |
| Unsecured mortgages and notes payable | $30,733 |
| Other liabilities | $365,302 |
| Total liabilities | $2,320,716 |
| Net assets without donor restrictions | $9,671,778 |
| Net assets with donor restrictions | $616,189 |
| 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 | $12,608,683 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Volunteers Of America Brunswick, ME | $12,608,683 | $13,603,208 |
Volunteers Of America Inc Brunswick, ME | $3,394,016 | $1,282,974 |
Volunteers Of America Inc Brunswick, ME | $3,990,997 | $270,986 |
Volunteers Of America Inc Brunswick, ME | $1,809,876 | $320,021 |
Volunteers Of America Inc Brunswick, ME | $567,324 | $73,257 |
Volunteers Of America Inc Brunswick, ME | $394,952 | $74,106 |
Volunteers Of America Inc Brunswick, ME | $757,674 | $27 |
Volunteers Of America Inc Brunswick, ME | $84,154 | $0 |