Racine Vocational Ministry Inc
- Assets
- $342.9k
- Revenue
- $525.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Racine, WI
- Founding
- 09/2003
- Data as of
- 12/2022
- EIN
- 71-0894219
Organization Overview
Racine Vocational Ministry Inc is located in Racine, WI. The organization was established in 2003. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Racine Vocational Ministry Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racine Vocational Ministry 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 12/2022, Racine Vocational Ministry Inc generated $525.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $479.1k during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 4 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
RACINE VOCATIONAL MINISTRY EMPOWERS THE UNEMPLOYED AND UNDEREMPLOYED OF RACINEKENOSHA TO BECOME PRODUCTIVE IN THEIR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AVERAGE RATE OF ANNUAL RECIDIVISM IN WISCONSIN IS 15% FOR HIGH, MEDIUM AND LOW-RISK INDIVIDUALS. THE THREE-YEAR STATE RATE FOR MEDIUM AND HIGH-RISK INDIVIDUALS AVERAGES 40.1%. FOR 2022, RVM HAS MAINTAINED A RATE OF 1% FOR ONE YEAR. OUR THREE-YEAR RATE FOR 2020-2022 IS 5.85%, AN 85.5 % REDUCTION OVER THE STATE AVERAGE. RVM HAS BEEN RECOGNIZED AS A BEST PRACTICE BY THE US ATTORNEY'S OFFICE OF THE EASTERN DISTRICT OF WISCONSIN BY THE INTERNATIONAL ASSOCIATION OF CHIEF'S OF POLICE. KENOSHA VOCATIONAL MINISTRY, A SUBSIDIARY OF RVM, IS OVERSEEN IN COLLABORATION WITH THE WISCONSIN DEPARTMENT OF CORRECTIONS AND KENOSHA COUNTY HUMAN SERVICES WITH SUPPORT FROM THE KENOSHA JOB CENTER.
THIS PROGRAM SERVES SOME OF RACINE'S MOST CHALLENGED POPULATION. A NUMBER OF OUR WALK-IN PARTICIPANTS ARE STRUGGLING WITH MENTAL ILLNESS, ANTI-SOCIAL ATTITUDES, CRIMINAL BACKGROUNDS, GANG INVOLVEMENT AND CHRONIC EPISODES OF UNEMPLOYMENT. THE MAJORITY OF OUR WALK-INS HAVE BEEN UNEMPLOYED FOR MORE THAN ONE YEAR. RACINE VOCATIONAL MINSTRY PLACED 220 PEOPLE IN JOBS AND EDUCATION IN 2022. ALSO IN 2022, 17 PEOPLE ATTAINED PROMOTIONS AND 61 PEOPLE EARNED CERTIFICATES FOR PROGRAMS AND JOB SKILLS IN PROGRAMS LIKE FORKLIFT, CNA, AND AODA AND ANGER MANAGEMENT CLASSES. THIS PROGRAM IS SUBSTANTIALLY FUNDED BY THE UNITED WAY OF RACINE COUNTY AND THE SC JOHNSON FUND.
IN 2022, VIRTUALLY ALL (98%) OF THE PARTICIPANTS WHO ENROLL IN OUR PROGRAMS QUALIFY UNDER THE HUD DEFINITION AS LOW INCOME. IN 2022, RVM SERVED 55 HOMELESS PARTICIPANTS, 47 GANG PARTICIPANTS, 114 PRISON RETURNEES, AND 133 IN THE WALK-IN PROGRAM. THOSE WE SERVE HAVE EXPERIENCED A GREATER CAPACITY TO RECONNECT WITH THEIR FAMILIES, GET AND MAINTAIN EMPLOYMENT, STABILIZE THEIR LIVES THROUGH INCREASED SELF-SUFFICIENCY, AND GAINED MORE POSITIVE PROSOCIAL MODE OF THINK- ING. RVM ASSISTED THIS POPULATION WITH OVER $18,000 IN SUPPORTS FOR DRIVERS' LICENSE RECOVERY, GAS CARDS, BUS PASSES, WORK CLOTHES, WORK TOOLS, CNA CERTIFICATES, FORKLIFT LICENSES AND CDL CERTIFICATIONS. RVM'S HOMELESS ASSISTANCE IS DONE IN THE CONTEXT OF OUR LOCAL COC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamala Handrow President | Officer | 1 | $0 |
Chuck Goodremote Treasurer | Officer | 1 | $0 |
Keith Bell Board Member | Trustee | 1 | $0 |
John Koetz Secretary | Officer | 1 | $0 |
Aubrey Buchanan Board Member | Trustee | 1 | $0 |
James Black Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $187,516 |
| All other contributions, gifts, grants, and similar amounts not included above | $338,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,629 |
| Total Program Service Revenue | $0 |
| Investment income | $188 |
| 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 | $525,837 |
| 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. | $269,172 |
| Compensation of current officers, directors, key employees. | $23,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $6,374 |
| Other employee benefits | $48,729 |
| Payroll taxes | $20,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,157 |
| Travel | $8,706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,017 |
| Interest | $36 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,467 |
| Insurance | $2,013 |
| All other expenses | $7,093 |
| Total functional expenses | $479,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,505 |
| Savings and temporary cash investments | $92,890 |
| Pledges and grants receivable | $29,665 |
| Accounts receivable, net | $32,635 |
| 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 | $17,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $342,896 |
| Accounts payable and accrued expenses | $24,862 |
| 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 | $0 |
| Total liabilities | $24,862 |
| Net assets without donor restrictions | $0 |
| 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 | $318,034 |
| Total liabilities and net assets/fund balances | $342,896 |