Volunteer Service Bank
- Assets
- $20.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brookings, SD
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 46-0423350
Organization Overview
Volunteer Service Bank is located in Brookings, SD. The organization was established in 1994. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Volunteer Service Bank 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, Volunteer Service Bank generated $27.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $33.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE VOLUNTEER SERVICE BANK SERVES PERSONS, PARTICULARLY THE ELDERLY, DISABLED AND DISADVANTAGED, IN THE BROOKINGS COUNTY AREA. VSB MATCHES VOLUNTEERS WITH THE PEOPLE AND PROJECTS THAT NEED ASSISTANCE USING "TIME" AS THE CURRENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyleigh Cramer Coordinator | 20 | $17,279 | |
Anna Tellekson President | 1 | $0 | |
Terry Kallenberger Member | 1 | $0 | |
Melissa Wagner Treasurer | 1 | $0 | |
Lorraine Kracke Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,143 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,143 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $17,707 |
| Professional fees and other payments to independent contractors | $470 |
| Occupancy, rent, utilities, and maintenance | $767 |
| Printing, publications, postage, and shipping | $291 |
| Other expenses | $536 |
| Total expenses | $32,963 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,848 |
| Other assets | $0 |
| Total assets | $20,848 |
| Total liabilities | $0 |
| Net assets or fund balances | $20,848 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Volunteer Service Bank has recieved totaling $28,600.
| Awarding Organization | Amount |
|---|---|
Larson Foundation Sioux Falls, SD PURPOSE: PROGRAM EXPENSES | $20,000 |
Brookings Area United Way Brookings, SD PURPOSE: TRANSPORTATION | $8,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bloomington Fire Dept Relief Assoc Bloomington, MN | $232,958,122 | $17,691,264 |
Yellowstone Mountain Club Public Safety And Privacy Inc Bozeman, MT | $351,871 | $5,605,064 |
Spring Lake Park Fire Dept Inc Spring Lake Park, MN | $1,043,343 | $3,348,790 |
Maple Grove Firemens Relief Association Maple Grove, MN | $20,091,151 | $3,472,743 |
Lake Johanna Volunteer Fire Department Shoreview, MN | $5,386,544 | $3,059,264 |
Eden Prairie Fire Fighters Relief Association Eden Prairie, MN | $26,356,144 | $1,042,441 |
Elk River Fire & Ambulance Service Elk River, MN | $1,085,031 | $2,381,867 |
Dover Firemans Relief Association Dover, MN | $766,350 | $1,633,588 |
Omaha Firefighters Credit Union Omaha, NE | $75,132,969 | $1,880,444 |
Mckenzie County Ambulance Service Watford City, ND | $4,725,113 | $1,535,302 |
Eagan Volunteer Firemans Relief Association Eagan, MN | $11,232,705 | $384,512 |
Andover Firefighters Relief Association Andover, MN | $4,006,740 | $315,386 |