Veterans Transition Center Of Monterey County
- Assets
- $10.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 42
- Location
- Marina, CA
- Founding
- 04/1997
- Data as of
- 06/2021
- EIN
- 77-0431413
Organization Overview
Veterans Transition Center Of Monterey County is located in Marina, CA. The organization was established in 1997. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2021, Veterans Transition Center Of Monterey County employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Transition Center Of Monterey County 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, Veterans Transition Center Of Monterey County generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $3.8m during the year ending 06/2021. While expenses have increased by 16.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER VETERANS TO MOVE FROM CRISIS TO SELF-SUFFICIENCY AND, PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW INCOME MEMBERS OF THE COMMUNITY WITH PRIORITY FOR VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING AND SERVICES FOR HOMELESS AND AT-RISK VETERANS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Schake Executive Director | 40 | $110,189 | |
Thomas Griffin Chairman/direct | OfficerTrustee | 20 | $0 |
Michael Mitchell Vice President | OfficerTrustee | 1 | $0 |
Ralph Sirtak Treasurer/direc | OfficerTrustee | 5 | $0 |
Quentin Bennett Secretary | OfficerTrustee | 1 | $0 |
Christine Winge Leave Of Ab. | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Mattox Group Cfo/controller/hr Support | 6/29/21 | $136,968 |
The Mattox Group Temporary Staffing Servic | 6/29/21 | $79,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,495,139 |
| All other contributions, gifts, grants, and similar amounts not included above | $388,641 |
| Noncash contributions included in lines 1a–1f | $141,642 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,883,780 |
| Total Program Service Revenue | $168,201 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,649 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,306,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $367,805 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,189 |
| Compensation of current officers, directors, key employees. | $14,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,258,202 |
| Pension plan accruals and contributions | $42,961 |
| Other employee benefits | $170,728 |
| Payroll taxes | $127,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,053 |
| Fees for services: Accounting | $91,044 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $265,118 |
| Advertising and promotion | $31,183 |
| Office expenses | $73,057 |
| Information technology | $112,241 |
| Royalties | $0 |
| Occupancy | $540,622 |
| Travel | $33,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $282 |
| Interest | $11,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,210 |
| Insurance | $42,861 |
| All other expenses | $32,579 |
| Total functional expenses | $3,757,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,603 |
| Savings and temporary cash investments | $4,418 |
| Pledges and grants receivable | $749,267 |
| Accounts receivable, net | $240,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,278 |
| Inventories for sale or use | $344 |
| Prepaid expenses and deferred charges | $107,917 |
| Net Land, buildings, and equipment | $8,750,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220,018 |
| Total assets | $10,271,050 |
| Accounts payable and accrued expenses | $175,018 |
| Grants payable | $0 |
| Deferred revenue | $1,148,547 |
| 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 | $245,642 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $116,139 |
| Total liabilities | $1,685,346 |
| Net assets without donor restrictions | $8,550,192 |
| Net assets with donor restrictions | $35,512 |
| 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 | $10,271,050 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Veterans Transition Center Of Monterey County has recieved totaling $16,704.
| Awarding Organization | Amount |
|---|---|
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Raven Drum Foundation Manhattan Beach, CA PURPOSE: SUPPORT FOR ORGANIZATION THAT PROVIDES ADDITIONAL BENEFITS TO THE VETERAN COMMUNITY THAT SUPPLEMENTS THE BENEFITS THE RAVEN DRUM FOUNDATION PROVIDES. | $6,000 |
J F Shea Company Foundation Walnut, CA PURPOSE: TO FURTHER EXEMPT ACTIVITIES | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $204 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vietnam Veterans Of San Diego San Diego, CA | $48,971,024 | $19,292,555 |
D A V Industries Spring Valley, CA | $16,692,300 | $10,872,133 |
Amvets Department Of California Service Foundation Garden Grove, CA | $23,614,480 | $12,375,344 |
Blue Star Families Inc Encinitas, CA | $9,421,835 | $11,402,884 |
Veterans Transition Center Of Monterey County Marina, CA | $10,271,050 | $3,306,792 |
Uso - Greater Los Angeles Area Inc Dba Bob Hope Uso Long Beach, CA | $9,922,016 | $7,823,004 |
Sepulveda Research Corporation North Hills, CA | $0 | $358,377 |
Support The Enlisted Project Inc San Diego, CA | $1,459,918 | $2,679,000 |
For The Troops Simi Valley, CA | $784,854 | $2,236,492 |
American Legion Los Angeles, CA | $8,304,662 | $2,700,970 |
Amvets Tulare, CA | $33,154 | -$424,708 |
American Legion Newport Beach, CA | $3,019,417 | $1,919,300 |