Washington Vocational Services Inc
- Assets
- $3.4m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 123
- Location
- Everett, WA
- Founding
- 06/1976
- Data as of
- 12/2022
- EIN
- 51-0192526
Organization Overview
Washington Vocational Services Inc is located in Everett, WA. The organization was established in 1976. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2023, Washington Vocational Services Inc employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Vocational Services 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, Washington Vocational Services Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO SUCCESSFUL COMMUNITY PLACEMENT FOR PERSONS WITH DISABILITIES.
Describe the Organization's Program Activity:
WVS IS ORGANIZED TO PROVIDE JOB SEEKING ASSISTANCE FOR PERSONS WITH DISABILITIES INCLUDING: TRANSPORTATION TRAINING, WORK EVALUATION, JOB ASSESSMENT, JOB DEVELOPMENT, JOB COACHING, RETENTION SERVICES, DEAF SERVICES, BLIND SERVICES AND TRANSITION SERVICES FOR 18-21 YEAR OLD'S.IN 2022 WE ASSISTED 545 INDIVIDUALS AND PLACED 74 PERSONS WITH DISABILITIES IN JOBS WITH AN AVERAGE WAGE OF $15.27.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Ericksen President | OfficerTrustee | 0.5 | $0 |
Michael Warden Vice President/secretary | OfficerTrustee | 0.5 | $0 |
Kenn Sandell Treasurer | OfficerTrustee | 0.5 | $0 |
Brooke Bloomquist Board Member | Trustee | 0.5 | $0 |
Marci Miller Board Member | Trustee | 0.5 | $0 |
Brett Peterson Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,608,204 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,147 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,619,351 |
| Total Program Service Revenue | $84,530 |
| Investment income | $52,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$49,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,056,727 |
| 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. | $311,012 |
| Compensation of current officers, directors, key employees. | $311,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,544,935 |
| Pension plan accruals and contributions | $17,389 |
| Other employee benefits | $269,467 |
| Payroll taxes | $239,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,570 |
| Fees for services: Accounting | $30,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,000 |
| Fees for services: Other | $60,459 |
| Advertising and promotion | $19,337 |
| Office expenses | $50,791 |
| Information technology | $130,436 |
| Royalties | $0 |
| Occupancy | $208,158 |
| Travel | $80,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,814 |
| Interest | $13,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,337 |
| Insurance | $23,980 |
| All other expenses | $599 |
| Total functional expenses | $4,550,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $831,456 |
| Savings and temporary cash investments | $40,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $509,702 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $46,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,753 |
| Net Land, buildings, and equipment | $597,777 |
| Investments—publicly traded securities | $382,558 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $878,389 |
| Total assets | $3,358,004 |
| Accounts payable and accrued expenses | $305,588 |
| 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 | $254,953 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $908,698 |
| Total liabilities | $1,469,239 |
| Net assets without donor restrictions | $1,888,765 |
| 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 | $3,358,004 |