V B R Foundation Inc
- Assets
- $373.8k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Tracy, CA
- Founding
- 05/1990
- Data as of
- 12/2023
- EIN
- 94-3337600
Organization Overview
V B R Foundation Inc is located in Tracy, CA. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, V B R Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. V B R Foundation 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, V B R Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 5.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RECRUIT AND TRAIN PARENTS WHO CAN OFFER A SAFE AND ENRICHING ENVIRONMENT TO CHILDREN ON A SHORT AND LONGTERM PLACEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
VBR IS A TREATMENT FOSTER CARE PROGRAM THAT PROVIDES A STABLE PLACEMENT ALTERNATIVE TO INSTITUTIONAL CARE FOR EMOTIONALLY DISTURBED CHILDREN WHO CAN BENEFIT FROM A FAMILY-BASED TREATMENT PROGRAM. VBR ALSO PROVIDES TRANSPORTATION ASSISTANCE, AFTER CARE SERVICES, SUPPORTING EDUCATIONAL SERVICES, IN-HOME COUNSELING SUPPORT, AND PSYCHOLOGICAL AND PSYCHIATRIC TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Sims CEO Administrator | Officer | 40 | $134,500 |
Bill Sims Board Member | Trustee | 40 | $64,000 |
Doshia Myrick Board Member | Trustee | 1 | $0 |
Al Williams Board Member | Trustee | 1 | $0 |
Todd Kucker Board Member | Trustee | 5 | $4,800 |
Ashley Myrick Operations Manager | Officer | 40 | $121,948 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,410 |
| Noncash contributions included in lines 1a–1f | $41,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,410 |
| Total Program Service Revenue | $1,529,608 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,464 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,582,482 |
| 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. | $325,248 |
| Compensation of current officers, directors, key employees. | $197,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,276 |
| Pension plan accruals and contributions | $25,679 |
| Other employee benefits | $0 |
| Payroll taxes | $33,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,155 |
| Advertising and promotion | $980 |
| Office expenses | $17,590 |
| Information technology | $6,514 |
| Royalties | $0 |
| Occupancy | $109,522 |
| Travel | $27,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,944 |
| Interest | $6,153 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,479 |
| Insurance | $24,915 |
| All other expenses | $24,599 |
| Total functional expenses | $1,614,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,522 |
| 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 | $3,589 |
| Net Land, buildings, and equipment | $59,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $373,827 |
| Accounts payable and accrued expenses | $164,039 |
| 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 | $164,039 |
| Net assets without donor restrictions | $209,788 |
| 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 | $373,827 |