Village Exchange Center Inc
- Assets
- $4.6m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Aurora, CO
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-5174986
Organization Overview
Village Exchange Center Inc is located in Aurora, CO. The organization was established in 2017. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Village Exchange Center Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Exchange Center 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 12/2023, Village Exchange Center Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $5.1m during the year ending 12/2023. 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
COLLABORATIVE COMMUNITY CENTER CO-LOCATING PROGRAMS CRITICAL TO THE REFUGEE, IMMIGRANT, AND LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATIVE COMMUNITY CENTER, CO-LOCATING PROGRAMS CRITICAL TO THE REFUGEE, IMMIGRANT AND LOCAL COMMUNITIES, OFFERING SPACE TO THE COMMUNITY TO HOLD EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Blaurock Executive Director | OfficerTrustee | 40 | $240,374 |
Marcel Narucki Co-Founder & Director | OfficerTrustee | 40 | $85,858 |
Denise Maes Deputy Director (through 6/30/2023) | Officer | 40 | $32,648 |
Gloria Price Deputy Director (starting 6/30/2023) | Officer | 40 | $42,955 |
Omar Montgomery Board Chair | OfficerTrustee | 2 | $0 |
Mohamed Mouaddine Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,330,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,561,487 |
| Noncash contributions included in lines 1a–1f | $1,247,464 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,891,883 |
| Total Program Service Revenue | $44,018 |
| Investment income | $25,472 |
| 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 | $4,964,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,233,381 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $453,595 |
| Compensation of current officers, directors, key employees. | $173,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $582,257 |
| Pension plan accruals and contributions | $6,869 |
| Other employee benefits | $56,103 |
| Payroll taxes | $74,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,018 |
| Fees for services: Accounting | $43,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $703,480 |
| Advertising and promotion | $10,284 |
| Office expenses | $18,404 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,896 |
| Travel | $22,110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,549 |
| Insurance | $21,651 |
| All other expenses | $19,025 |
| Total functional expenses | $5,100,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,728 |
| Savings and temporary cash investments | $610,205 |
| Pledges and grants receivable | $909,847 |
| 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 | $3,199 |
| Net Land, buildings, and equipment | $2,747,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,630,220 |
| Accounts payable and accrued expenses | $128,863 |
| Grants payable | $0 |
| Deferred revenue | $391,886 |
| 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 | $520,749 |
| Net assets without donor restrictions | $3,041,396 |
| Net assets with donor restrictions | $1,068,075 |
| 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 | $4,630,220 |