Vmp Foundation Inc
- Assets
- $7.2m
- Revenue
- $284.1k
- Investments
- $0.0
- Employees
- 0
- Location
- West Allis, WI
- Founding
- 05/1976
- Data as of
- 12/2022
- EIN
- 51-0188458
Organization Overview
Vmp Foundation Inc is located in West Allis, WI. The organization was established in 1976. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vmp Foundation 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 12/2022, Vmp Foundation Inc generated $284.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $582.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VMP FOUNDATION, INC. SOLICITS AND CONTROLS ASSETS FOR THE BENEFIT OF METHODIST MANOR, INC., METHODIST MANOR HEALTH CENTER, INC., AND METHODIST MANOR OF WAUKESHA, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VMP FOUNDATION IS THE SOLE MEMBER OF THE VILLAGE OF MANOR PARK, INC. THE VILLAGE OF MANOR PARK, INC. IS THE SOLE MEMBER/PARENT OF METHODIST MANOR HEALTH CENTER, INC., AND METHODIST MANOR OF WAUKESHA, INC. VMP HOLDS AND DISTRIBUTE DONATIONS FOR RELATED FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Affeldt Secretary | OfficerTrustee | 1 | $0 |
Thomas Tomasik Treasurer | OfficerTrustee | 1 | $0 |
Mark Witte Board Member | Trustee | 1 | $0 |
Dylan Mann Current CFO | OfficerTrustee | 8 | $0 |
Jedd Lapid Former Foundation President | OfficerTrustee | 8 | $0 |
Linda Newberry-Ferguson Current Vmp President | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $60,841 |
| 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 | $60,841 |
| Total Program Service Revenue | $0 |
| Investment income | $270,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$46,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $293,583 |
| Grants and other assistance to domestic individuals. | $6,500 |
| 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 | $187,359 |
| Pension plan accruals and contributions | $2,412 |
| Other employee benefits | $20,096 |
| Payroll taxes | $11,701 |
| 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 | $39,211 |
| Fees for services: Other | $9,798 |
| Advertising and promotion | $676 |
| 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 | $468 |
| Insurance | $0 |
| All other expenses | $10,664 |
| Total functional expenses | $582,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,948 |
| Savings and temporary cash investments | $0 |
| 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 | $897 |
| Investments—publicly traded securities | $5,214,809 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,003,488 |
| Total assets | $7,234,142 |
| Accounts payable and accrued expenses | $2,095 |
| 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 | $1,900,783 |
| Total liabilities | $1,902,878 |
| Net assets without donor restrictions | $3,481,487 |
| Net assets with donor restrictions | $1,849,777 |
| 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 | $7,234,142 |
Grants Awarded
Over the last fiscal year, Vmp Foundation Inc has awarded $36,884 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
METHODIST MANOR INC PURPOSE: LANDSCAPING AND CHAPEL SOUND SYSTEM | $6,884 |
MEDICAL COLLEGE OF WISCONSIN PURPOSE: STUDENTS TRAINING IN SENIOR CARE | $10,000 |
MARQUETTE UNIVERSITY SCHOOL OF DENTISTRY PURPOSE: STUDENTS TRAINING IN SENIOR CARE AND DR. DENIS LYNCH FUND FOR DESERVING STUDENTS | $20,000 |