Voluntary Interdistrict Choice Corporation
- Assets
- $12.7m
- Revenue
- $40.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Saint Louis, MO
- Founding
- 10/1999
- Data as of
- 06/2022
- EIN
- 43-1853926
Organization Overview
Voluntary Interdistrict Choice Corporation is located in Saint Louis, MO. The organization was established in 1999. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Voluntary Interdistrict Choice Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Voluntary Interdistrict Choice Corporation 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 06/2022, Voluntary Interdistrict Choice Corporation generated $40.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $40.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Voluntary Interdistrict Choice Corporation has awarded 26 individual grants totaling $45,031,837. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
VICC IS COMMITTED TO BUILDING RELATIONSHIPS, PROMOTING DIVERSITY AND PROVIDING SCHOOL CHOICE WHILE ENRICHING LIVES THROUGH QUALITY EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REIMBURSEMENT TO PARTICIPATING PUBLIC SCHOOL DISTRICTS FOR ALL OR A PORTION OF THEIR COST OF PROVIDING EDUCATIONAL SERVICES (I.E. TUITION PAYMENTS) DURING THE 2021/22 SCHOOL YEAR TO ELIGIBLE NON-RESIDENT STUDENTS (GRADES K-12) WHO VOLUNTARILY TRANSFER BETWEEN DISTRICTS PURSUANT TO PROVISIONS OF THE 1999 ST. LOUIS DESEGREGATION SETTLEMENT AGREEMENT BY ORDER OF THE EASTERN DISTRICT FEDERAL COURT.
COST OF PROVIDING TRANSPORTATION SERVICES (BUS AND TAXI) TO PARTICIPATING PUBLIC SCHOOL TRANSFER STUDENTS TO/FROM SCHOOL AND SCHOOL-RELATED ACTIVITIES DURING THE 2021/22 SCHOOL YEAR PURSUANT TO THE 1999 SETTLEMENT AGREEMENT BY ORDER OF THE EASTERN DISTRICT FEDERAL COURT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Lisa Gray Secretary | Officer | 0 | $75,068 |
Dr John Simpson Board Vice-President | OfficerTrustee | 0 | $0 |
Dr Chris Gaines Board President | OfficerTrustee | 0 | $0 |
Mr David Glaser Chief Executive Officer | Officer | 0 | $0 |
Dr Brian Lane Director | Trustee | 0 | $0 |
Dr Keith Marty Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Transpar Inc Transportation Management | 6/29/22 | $811,146 |
Missouri Central School Bus Llc Student Transportation | 6/29/22 | $9,980,065 |
St Louis County Cab Student Transportation | 6/29/22 | $1,673,926 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,740,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $755,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,496,268 |
| Total Program Service Revenue | $644,693 |
| Investment income | $39,093 |
| 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 | $40,180,054 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,501,000 |
| 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. | $94,085 |
| Compensation of current officers, directors, key employees. | $94,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,479 |
| Pension plan accruals and contributions | $17,404 |
| Other employee benefits | $42,666 |
| Payroll taxes | $30,529 |
| Fees for services: Management | $170,722 |
| Fees for services: Legal | $2,280 |
| Fees for services: Accounting | $22,089 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,127 |
| Advertising and promotion | $9,368 |
| Office expenses | $8,683 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,342 |
| Travel | $4,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,055 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,310 |
| All other expenses | $0 |
| Total functional expenses | $40,326,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,736,595 |
| 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 | $12,736,595 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $12,736,595 |
| 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 | $12,736,595 |
Grants Awarded
Over the last fiscal year, Voluntary Interdistrict Choice Corporation has awarded $21,500,999 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ROCKWOOD SCHOOL DISTRICT PURPOSE: student tuition | $7,065,641 |
PARKWAY SCHOOL DISTRICT PURPOSE: student tuition | $6,645,739 |
SCHOOL DISTRICT OF CLAYTON PURPOSE: student tuition | $1,177,664 |
SPECIAL SCHOOL DISTRICT PURPOSE: student tuition | $1,163,233 |
MEHLVILLE SCHOOL DISTRICT PURPOSE: student tuition | $1,080,749 |
HANCOCK PLACE SCHOOL DISTRICT PURPOSE: student tuition | $894,775 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert B Daugherty Foundation Omaha, NE | $895,599,209 | $80,372,150 |
Big Shoulders Fund Chicago, IL | $125,993,936 | $62,883,883 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Foundation For Educational Services Inc Lincoln, NE | $9,496,243 | $19,971,650 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Envision Xpress Inc Wichita, KS | $21,582,294 | $13,602,741 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
Kansas State Newman Foundation Manhattan, KS | $3,619,556 | $4,925,097 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |