Vital Link Education-Business Consortium
- Assets
- $773.3k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 25
- Location
- Tustin, CA
- Founding
- 11/1995
- Data as of
- 09/2021
- EIN
- 33-0632256
Organization Overview
Vital Link Education-Business Consortium is located in Tustin, CA. The organization was established in 1995. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Vital Link Education-Business Consortium employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vital Link Education-Business Consortium 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 09/2021, Vital Link Education-Business Consortium generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $901.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST PUBLIC SCHOOLS IN PREPARING STUDENTS FOR TRANSITION FROM SCHOOL TO EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A. PROVIDE TRAINING FOR STUDENTS TO IMPROVE THEIR WORKFORCE PREPARATION SKILLS. B. ASSIST STUDENTS IN DEVELOPING AN EDUCATION AND CAREER PLAN ALIGNED TO THEIR APTITUDES AND SKILLSC. PROVIDE EDUCATORS WITH OPPORTUNITIES TO CONNECT WITH BUISNESS TO BETTER ALIGN THEIR CURRICULUM TO MATCH WORKPLACE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neda Arab Interim Preside | OfficerTrustee | 40 | $0 |
Kenneth August Director | OfficerTrustee | 2 | $0 |
Bo Wang Past Board Chai | OfficerTrustee | 5 | $0 |
Renah Wolzinger Board Chairman | OfficerTrustee | 2 | $0 |
Steve Getman Director | Trustee | 2 | $0 |
Tuan DO Treasurer | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,635 |
| Total Program Service Revenue | $761,016 |
| 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 | $1,000,651 |
| 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. | $71,748 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $438,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $82,761 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,100 |
| Insurance | $17,559 |
| All other expenses | $0 |
| Total functional expenses | $901,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $290,192 |
| 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 | $15,715 |
| Net Land, buildings, and equipment | $5,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $773,331 |
| Accounts payable and accrued expenses | $152,154 |
| 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 | $504,235 |
| Total liabilities | $656,389 |
| Net assets without donor restrictions | $116,942 |
| 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 | $773,331 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Vital Link Education-Business Consortium has recieved totaling $69,264.
| Awarding Organization | Amount |
|---|---|
Orange Countys United Way Irvine, CA PURPOSE: EDUCATION | $24,625 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Investors Philanthropic Newport Beach, CA PURPOSE: Transition Students to Employment | $14,500 |
Croul Family Foundation Irvine, CA PURPOSE: PROGRAM SUPPORT | $10,000 |
Edwards Lifesciences Foundation Irvine, CA PURPOSE: COMMUNITY GRANT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles Jewish Home For The Aging Reseda, CA | $249,529,041 | $31,396,356 |
Common Counsel Foundation Oakland, CA | $96,797,040 | $85,692,119 |
Charitable Ventures Of Orangecounty Inc Santa Ana, CA | $10,052,402 | $22,734,403 |
Jacobs Center For Neighborhood Innovation San Diego, CA | $67,799,135 | $4,267,167 |
Horizons Foundation San Francisco, CA | $41,480,128 | $8,470,990 |
Satellite Affordable Housing Associates Property Management Berkeley, CA | $2,977,079 | $7,479,132 |
Impact Online Inc Pleasanton, CA | $7,315,523 | $8,512,412 |
Upstart Bay Area Oakland, CA | $5,268,133 | $7,572,356 |
Power California Los Angeles, CA | $5,114,857 | $3,690,526 |
Long Beach Nonprofit Partnership Long Beach, CA | $993,393 | $3,069,719 |
La Union Del Pueblo Entero Keene, CA | $5,952,315 | $4,158,568 |
Cfs Real Property Inc Ewa Beach, HI | $18,749,955 | $2,331,459 |