Mv Advancements
- Assets
- $12.9m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 257
- Location
- Mcminnville, OR
- Founding
- 12/1966
- Data as of
- 06/2024
- EIN
- 93-0568833
Organization Overview
Mv Advancements is located in Mcminnville, OR. The organization was established in 1966. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2024, Mv Advancements employed 257 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mv Advancements 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 06/2024, Mv Advancements generated $8.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $7.9m during the year ending 06/2024. While expenses have increased by 2.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST PERSONS WITH DISABILITIES TO DEVELOP THEIR HIGHEST POTENTIAL AND ACHIEVE FULFILLING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES - OPERATES FIVE GROUP HOMES SERVING 23 RESIDENTS WITH DISABILITIES AND PROVIDES SUPPORTED LIVING SERVICES FOR 24 OTHERS LIVING IN THEIR OWN RESIDENCES THROUGHOUT THE COMMUNITY.
EMPLOYMENT SERVICES - PROVIDES EMPLOYMENT SUPPORT AND JOB TRAINING FOR 219 INDIVIDUALS WITH DISABILITIES.
DAY SUPPORT ACTIVITIES - PROVIDES A VARIETY OF ACTIVITIES AND SKILL BUILDING ONE ON ONE AND IN SMALL GROUPS,TO 78 SUPPORTED INDIVIDUALS WITH DISABILITIES IN COMMUNITY SETTINGS WITH AN EMPHASIS ON RELATIONSHIP AND SKILL BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Schlotfeldt Executive Direc | Officer | 40 | $141,953 |
Dave Haugeberg President | OfficerTrustee | 3 | $0 |
Scott Larsen Vice President | OfficerTrustee | 1 | $0 |
Lu Ann Anderson Secretary | OfficerTrustee | 1 | $0 |
Robert Laughlin Treasurer | OfficerTrustee | 1 | $0 |
Chris Browne Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $260,297 |
| Government grants | $212,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $750,886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,223,501 |
| Total Program Service Revenue | $7,133,917 |
| Investment income | $282,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $40,722 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,788,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $195,334 |
| 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. | $141,953 |
| Compensation of current officers, directors, key employees. | $141,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,743,250 |
| Pension plan accruals and contributions | $169,599 |
| Other employee benefits | $870,265 |
| Payroll taxes | $385,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,250 |
| Office expenses | $18,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,803 |
| Travel | $97,514 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,727 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,040 |
| Insurance | $160,508 |
| All other expenses | $131,065 |
| Total functional expenses | $7,870,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,224,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $869,363 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,008 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $257,098 |
| Net Land, buildings, and equipment | $4,496,360 |
| Investments—publicly traded securities | $984,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,891 |
| Total assets | $12,917,996 |
| Accounts payable and accrued expenses | $1,498,720 |
| Grants payable | $0 |
| Deferred revenue | $594,274 |
| 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 | $330,109 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,597 |
| Total liabilities | $2,493,700 |
| Net assets without donor restrictions | $9,874,296 |
| Net assets with donor restrictions | $550,000 |
| 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 | $12,917,996 |