Vocational Training Center Inc
- Assets
- $6.4m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 232
- Location
- Fargo, ND
- Founding
- 02/1964
- Data as of
- 06/2020
- EIN
- 45-0277254
Organization Overview
Vocational Training Center Inc is located in Fargo, ND. The organization was established in 1964. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2020, Vocational Training Center Inc employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Vocational Training Center Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $5.5m during the year ending 06/2020. While expenses have increased by 2.0% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING FOR ADULTS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VTC PROVIDES DAY HABILITATION, PRE-VOCATIONAL, JOB PLACEMENT, JOB COACHING, AND IN-HOME SUPPORTS TO ADULTS WITH DEVELOPMENTAL DISABILITIES. VTC SERVED OVER 150 PEOPLE IN THE 2019-2020 FISCAL YEAR. THE COUNCIL ON QUALITY AND LEADERSHIP REVIEWED VTC'S OPERATIONS DURING FEBRUARY 2020 AND RE-ACCREDITED THE ORGANIZATION FOR ANOTHER 4 YEARS. THE NEXT ACCREDITATION REVIEW IS SCHEDULED FOR JANUARY 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Burtsfield Executive Director | Officer | 40 | $155,202 |
Noah Carlson Finance Director | Officer | 40 | $83,818 |
Bob Stroup III Board Secretary | OfficerTrustee | 1 | $0 |
John Wheeler Board President | OfficerTrustee | 1 | $0 |
Scott Green Board Treasurer | OfficerTrustee | 1 | $0 |
Senator Judy Lee Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $76,827 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $217,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,793 |
| Total Program Service Revenue | $4,911,995 |
| Investment income | $25,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,569 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,236,605 |
| 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. | $276,757 |
| Compensation of current officers, directors, key employees. | $276,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,026,373 |
| Pension plan accruals and contributions | $93,747 |
| Other employee benefits | $721,387 |
| Payroll taxes | $325,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,319 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,623 |
| Advertising and promotion | $4,711 |
| Office expenses | $366,537 |
| Information technology | $65,468 |
| Royalties | $0 |
| Occupancy | $159,659 |
| Travel | $60,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,968 |
| Interest | $27,170 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,044 |
| Insurance | $47,928 |
| All other expenses | $88,936 |
| Total functional expenses | $5,520,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,263,840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $307,114 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,049 |
| Prepaid expenses and deferred charges | $8,788 |
| Net Land, buildings, and equipment | $2,989,768 |
| Investments—publicly traded securities | $1,752,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,250 |
| Total assets | $6,416,396 |
| Accounts payable and accrued expenses | $438,306 |
| 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 | $864,895 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $1,803,201 |
| Net assets without donor restrictions | $4,608,195 |
| Net assets with donor restrictions | $5,000 |
| 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 | $6,416,396 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vocational Training Center Inc has recieved totaling $76,519.
| Awarding Organization | Amount |
|---|---|
United Way Of Cass-Clay Fargo, ND PURPOSE: Support Agency Programs | $76,519 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Valley Services Inc Austin, MN | $19,646,997 | $16,609,689 |
Proact Inc Eagan, MN | $18,050,859 | $14,376,055 |
Huron Area Center For Independence Huron, SD | $9,202,099 | $10,629,127 |
Opportunity Services Inc Minneapolis, MN | $9,051,384 | $9,204,250 |
Merrick Inc Vadnais Heights, MN | $7,571,138 | $8,548,215 |
Flathead Industries Kalispell, MT | $10,187,743 | $9,159,494 |
Northern Hills Training Spearfish, SD | $8,640,916 | $6,399,107 |
Tasks Unlimited Inc Minneapolis, MN | $8,691,407 | $7,118,887 |
Aspire Inc Aberdeen, SD | $4,831,813 | $6,196,329 |
Tse Inc Roseville, MN | $1,070,778 | $6,166,976 |
Lifetrack Resources Inc St Paul, MN | $3,958,487 | $4,546,555 |
Vocational Training Center Inc Fargo, ND | $6,416,396 | $5,236,605 |