Vector Industries Foundation
- Assets
- $3.9m
- Revenue
- $239.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Waynesboro, VA
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-3716911
Organization Overview
Vector Industries Foundation is located in Waynesboro, VA. The organization was established in 2012. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vector Industries Foundation 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, Vector Industries Foundation generated $239.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.8% each year .
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VECTOR INDUSTRIES FOUNDATION WAS FORMED TO PROVIDE FOR THE LONG TERM CAPITAL NEEDS OF VECTOR INDUSTRIES, INC WHICH PROVIDES TRAINING AND EMPLOYMENT TO APPROXIMATELY 100 DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
VECTOR INDUSTIES FOUNDATION WAS FORMED TO PROVIDE FOR THE LONG TERM CAPITAL NEEDS OF VECTOR INDUSTRIES, INC WHICH PROVIDES TRAINING AND EMPLOYMENT TO APPROXIMATELY 100 DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kodi Frye Vice Chair | OfficerTrustee | 1 | $0 |
Robert Wade Jr Chair | OfficerTrustee | 1 | $0 |
Tyler Hoffman Director | Trustee | 1 | $0 |
Richard Baldwin Director | Trustee | 1 | $0 |
Bill Hausrath Director | 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 | $0 |
| Investment income | $116,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,360 |
| Net Gain/Loss on Asset Sales | $108,905 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,017 |
| 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 | $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 | $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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,412 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,911 |
| 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 | $194 |
| Net Land, buildings, and equipment | $1,763,933 |
| Investments—publicly traded securities | $2,069,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,852,846 |
| Accounts payable and accrued expenses | $1,760 |
| 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 | $778,483 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $130,000 |
| Total liabilities | $910,243 |
| Net assets without donor restrictions | $2,942,603 |
| 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 | $3,852,846 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vector Industries Foundation has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Kovar Corporation Woodbridge, VA PURPOSE: RENOVATE WAREHOUSE | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Plastering Industrys Joint Apprenticeship Trust Fund Columbia, MD | $6,146,862 | $9,566,333 |
Nea Properties Inc Washington, DC | $16,455,902 | $2,169,094 |
The Nacs Foundation Alexandria, VA | $200,987 | $1,469,046 |
Operating Engineers Nationalcharity Fund Washington, DC | $150,303 | $842,806 |
Employee Ownership Expansion Network Arlington, VA | $702,382 | $618,974 |
Valvoline Instant Oil Change Hands On Assistance Fund Inc Lexington, KY | $185,860 | $222,832 |
Allied Wisdom Foundation Mocksville, NC | $15,869,710 | $607,996 |
Vector Industries Foundation Waynesboro, VA | $3,852,846 | $239,017 |