Valeo Vocation
- Assets
- $1.8m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 495
- Location
- Tacoma, WA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 82-4092268
Organization Overview
Valeo Vocation is located in Tacoma, WA. The organization was established in 2019. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2022, Valeo Vocation employed 495 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valeo Vocation 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, Valeo Vocation generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.6% each year . All expenses for the organization totaled $4.9m during the year ending 12/2022. While expenses have increased by 54.6% 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
PROVIDE WRAPAROUND SUPPORT AND ACCESS TO INCOME TO EMPOWER TRANSFORMATIONAL CHANGE WHILE HELPING INDIVIDUALS FIND DIGNIFIED MEANINGFUL EMPLOYMENT AND PERMANENT HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 VALEO VOCATION CONTINUED EXPANSION OF OUR 3 BUSINESS LINES LIGHT INDUSTRIAL GENERAL LABOR STAFFING SHELTER STAFFING & OPERATIONS AND CUSTODIAL STAFFING. THE ORGANIZATION PAID WAGES TO 372 INDIVIDUALS COMPRISING OUR TEMPORARY WORKFORCE ASSISTING DOZENS OF PARTICIPANTS MOVE INTO HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Rivera Zayas President | Officer | 1 | $0 |
Levongia Carrera Treasurer | Officer | 1 | $0 |
James Pogue Board Member | Trustee | 1 | $0 |
Mark Winter Board Member | Trustee | 1 | $0 |
Corwin Scott Board Member | OfficerTrustee | 1 | $0 |
Erica Azcueta Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,685,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,761,034 |
| Total Program Service Revenue | $3,770,641 |
| Investment income | $13 |
| 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 | $5,531,688 |
| 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. | $107,836 |
| Compensation of current officers, directors, key employees. | $43,134 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,571,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,002 |
| Payroll taxes | $471,557 |
| Fees for services: Management | $20,220 |
| Fees for services: Legal | $2,813 |
| Fees for services: Accounting | $64,386 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $28,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,268 |
| Office expenses | $59,440 |
| Information technology | $15,032 |
| Royalties | $0 |
| Occupancy | $94,421 |
| Travel | $30,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,470 |
| Interest | $61,476 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,741 |
| Insurance | $19,004 |
| All other expenses | $0 |
| Total functional expenses | $4,898,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,857 |
| Savings and temporary cash investments | $723 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,266,611 |
| 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 | $3,618 |
| Net Land, buildings, and equipment | $57,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $354,253 |
| Total assets | $1,753,339 |
| Accounts payable and accrued expenses | $417,694 |
| 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 | $198,900 |
| Other liabilities | $366,085 |
| Total liabilities | $982,679 |
| Net assets without donor restrictions | $770,660 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,753,339 |