Vera Court Neighborhood Center Inc
- Assets
- $4.6m
- Revenue
- $2.7m
- Investments
- $248.5k
- Employees
- 58
- Location
- Madison, WI
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 39-1945609
Organization Overview
Vera Court Neighborhood Center Inc is located in Madison, WI. The organization was established in 1999. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Vera Court Neighborhood Center Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vera Court Neighborhood Center 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 12/2021, Vera Court Neighborhood Center Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK IN COLLABORATION WITH COMMUNITY MEMBERS AND ORGANIZATIONS TO PROVIDE PROGRAMMING AND SERVICES FOR CHILDREN, YOUTH, FAMILIES, SENIORS, AND PEOPLE OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN AND YOUTH - PROVIDE OPPORTUNITIES FOR RECREATION, PERSONAL GROWTH AND EDUCATION TO ELEMENTARY AND MIDDLE SCHOOL CHILDREN. PROGRAMS INCLUDE COMPUTER TRAINING, AFTER SCHOOL AND SUMMER ACTIVITIES.
LATINO ACADEMY OF WORKFORCE DEVELOPMENT - PROVIDES A CULTURALLY COMPETENT AND BILINGUAL ADULT EDUCATION AND EMPLOYMENT PROGRAM THAT WORKS CLOSELY WITH STUDENTS, RESPONDS TO THE COMMUNITY'S EDUCATION NEEDS QUICKLY, AND CREATES PATHWAYS TO IMPROVED EDUCATION AND EMPLOYMENT FOR THE LATINO COMMUNITY.
FACILITY USE - PROVIDES A COMMUNITY CENTER, KITCHEN AND A LOCATION FOR NEIGHBORHOOD EVENTS, ACTIVITIES AND CLASSES. ALSO PROVIDES FOR ADMINISTRATION EXPENSE AND BUILDING MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Solyst Executive Director | Officer | 40 | $96,975 |
Tom Mcmahan Treasurer | OfficerTrustee | 2 | $0 |
David Krause Vice President | OfficerTrustee | 2 | $0 |
Chris Vandall Secretary | OfficerTrustee | 1 | $0 |
Don Bruns President | OfficerTrustee | 2 | $0 |
Corinda Rainey-Moore Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $243,248 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,198,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,013,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,454,958 |
| Total Program Service Revenue | $25,460 |
| Investment income | $91,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $121,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,694,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $128,005 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,733 |
| Compensation of current officers, directors, key employees. | $32,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $819,724 |
| Pension plan accruals and contributions | $11,806 |
| Other employee benefits | $75,090 |
| Payroll taxes | $74,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,848 |
| Fees for services: Accounting | $21,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $256,303 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,579 |
| Travel | $30,503 |
| 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 | $35,258 |
| Insurance | $39,894 |
| All other expenses | $0 |
| Total functional expenses | $1,910,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617,474 |
| Savings and temporary cash investments | $505,786 |
| Pledges and grants receivable | $545,763 |
| 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 | $17,424 |
| Net Land, buildings, and equipment | $329,407 |
| Investments—publicly traded securities | $2,293,368 |
| Investments—other securities | $248,513 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,557,735 |
| Accounts payable and accrued expenses | $129,897 |
| 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 | $129,897 |
| Net assets without donor restrictions | $2,182,015 |
| Net assets with donor restrictions | $2,245,823 |
| 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 | $4,557,735 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Vera Court Neighborhood Center Inc has recieved totaling $782,435.
| Awarding Organization | Amount |
|---|---|
United Way Of Dane County Inc Madison, WI PURPOSE: Program Operating Cost/Donor Designation for General Support | $443,248 |
Ascendium Education Solutions Inc Madison, WI PURPOSE: Good Neighbor Grant c/o Latino Academy of Workforce Development | $61,834 |
Cuna Mutual Group Foundation Inc Madison, WI PURPOSE: CHARITABLE | $53,500 |
Roots And Wings Foundation Inc Seattle, WA PURPOSE: LOS NINOS PRIMERO | $45,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $37,600 |
Madison Community Foundation Madison, WI PURPOSE: ARTIST IN RESIDENCE SERIES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christopher House Chicago, IL | $33,720,951 | $17,812,600 |
Harry And Rose Samson Family Jewish Community Center Inc Milwaukee, WI | $35,315,699 | $16,004,806 |
Illinois Valley Economic Development Corporation Gillespie, IL | $10,213,117 | $12,871,586 |
Pillsbury United Communities Minneapolis, MN | $18,864,376 | $15,266,660 |
Lakes & Prairies Community Action Partnership Inc Moorhead, MN | $5,391,200 | $11,078,920 |
Erie Neighborhood House Chicago, IL | $11,699,595 | $9,786,163 |
East Side Neighborhood Service Inc Minneapolis, MN | $7,670,866 | $8,888,574 |
Irwin A And Robert D Goodman Community Center Inc Madison, WI | $24,842,387 | $10,176,996 |
Jewish Community Center Of Metropolitan Detroit West Bloomfield, MI | $28,442,224 | $11,397,517 |
The Ark Chicago, IL | $15,671,677 | $9,993,897 |
Childrens Outing Assn Milwaukee, WI | $15,302,418 | $8,063,882 |
Lessie Bates Davis Neighborhood House Inc East St Louis, IL | $5,941,226 | $7,265,748 |