Voans Cde Inc
- Assets
- $410.9k
- Revenue
- $116.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 05/1965
- Data as of
- 06/2020
- EIN
- 27-2414104
Organization Overview
Voans Cde Inc is located in Eden Prairie, MN. The organization was established in 1965. According to its NTEE Classification (P26) the organization is classified as: Volunteers of America, under the broad grouping of Human Services and related organizations. Voans Cde 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 06/2020, Voans Cde Inc generated $116.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $98.4k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (19.4%) per year over the past 5 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS BY PROVIDING DEVELOPMENT SERVICES TO AND FUNDING FOR COMMUNITY BENEFIT FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS AWARDED A NEW MARKET TAX CREDIT ALLOCATION OF $35 MILLION, ALL OF WHICH HAS BEEN INVESTED TO PROVIDE FUNDING FOR COMMUNITY REDEVELOPMENT IN LOW INCOME COMMUNITIES.
THE ORGANIZATION WAS AWARDED A NEW MARKET TAX CREDIT ALLOCATION OF $35 MILLION, ALL OF WHICH HAS BEEN INVESTED TO PROVIDE FUNDING FOR COMMUNITY REDEVELOPMENT IN LOW INCOME COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Wilson Geno President | OfficerTrustee | 1 | $0 |
Patrick N Sheridan Assistant Secretary | Officer | 1 | $0 |
Robert Gibson Assistant Secretary/assist | Officer | 1 | $0 |
Karin Klussman Advisor | Trustee | 1 | $0 |
Karen Dale Governor | Trustee | 1 | $0 |
Anne Mccullogh Advisor | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $116,594 |
| 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 | $116,594 |
| 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. | $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 | $488 |
| Fees for services: Accounting | $19,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $5,225 |
| All other expenses | $0 |
| Total functional expenses | $98,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,909 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $410,909 |
| Accounts payable and accrued expenses | $1,985 |
| 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 | $6,541 |
| Total liabilities | $8,526 |
| Net assets without donor restrictions | $402,383 |
| 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 | $410,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Volunteers Of America Inc Eden Prairie, MN | $16,227,927 | $8,449,252 |
Volunteers Of America Inc Eden Prairie, MN | $1,205,779 | $6,142,529 |
Volunteers Of America Inc Minneapolis, MN | $2,785,315 | $5,868,296 |
Volunteers Of America Inc Eden Prairie, MN | $585,632 | $3,758,175 |
Volunteers Of America Inc Eden Prairie, MN | $6,768,893 | $2,603,554 |
Volunteers Of America Inc Minneapolis, MN | $12,369,650 | $847,718 |
Voans Cde Inc Eden Prairie, MN | $410,909 | $116,594 |
Volunteers Of America Inc Eden Prairie, MN | $18,582,701 | $35,446 |
Volunteers Of America Inc Eden Prairie, MN | $1,048,730 | $13,077 |
Volunteers Of America Inc Minneapolis, MN | $0 | $0 |