Virtual Training Systems Inc fka VCC Inc
- Assets
- $874.0
- Revenue
- $10.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 07/2009
- Data as of
- 06/2015
- EIN
- 80-0178147
Organization Overview
Virtual Training Systems Inc fka VCC Inc is located in Miami, FL. The organization was established in 2009. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. Virtual Training Systems Inc fka VCC Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
VIRTUAL TRAINING SYSTEMS IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION PROVIDING FREE JOB SKILLS TRAINING TO INDIVIDUALS WITH DISABILITIES AND ECONOMICALLY DISADVANTAGED PERSONS PREPARING THEM FOR A SECURE AND INDEPENDENT FUTURE. THE MISSION OF VIRTUAL TRAINING SYSTEMS IS TO DEVELOP E-LEARNING EDUCATIONAL PROGRAMS FOR DEPLOYMENT THROUGHOUT THE UNITED STATES WHILE BEING A LEADER IN PROVIDING THESE ONLINE JOB TRAINING SERVICES TO DISABLED VETERANS, OTHER INDIVIDUALS WITH DISABILITIES AND ECONOMICALLY DISADVANTAGED AMERICANS FOR HOME-BASED EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIRTUAL TRAINING SYSTEMS PROVIDED FREE JOB SKILLS TRAINING TO DISABLED VETERANS, OTHER INDIVIDUALS WITH DISABILITIES AND ECONOMICALLY DISADVANTAGED PERSONS TO PREPARE THEM FOR A SECURE AND INDEPENDENT FUTURE THROUGH HOME-BASED EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edna W Lopez ESQ Chairman | OfficerTrustee | 0.5 | $0 |
Linda J Walsh President & CEO | OfficerTrustee | 5 | $0 |
John W Walsh Secretary | OfficerTrustee | 0.5 | $0 |
Bridget K Trask Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,036 |
| Investment income | $0 |
| 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 | $10,036 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,200 |
| Advertising and promotion | $0 |
| Office expenses | $295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $995 |
| All other expenses | $0 |
| Total functional expenses | $18,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $874 |
| Accounts payable and accrued expenses | $10,593 |
| 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 | $10,593 |
| 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 |
| Total liabilities and net assets/fund balances | -$9,719 |
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