Vector Industries Inc
- Assets
- $1.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 85
- Location
- Waynesboro, VA
- Founding
- 03/1970
- Data as of
- 12/2021
- EIN
- 54-0853760
Organization Overview
Vector Industries Inc is located in Waynesboro, VA. The organization was established in 1970. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2021, Vector Industries Inc employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vector Industries 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 12/2021, Vector Industries Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPLOY AND TRAIN PERSONS WITH DIVERSE DISABILITIES TO ENABLE THEM TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE COMMUNITY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOY AND TRAIN INDIVIDUALS WITH DIVERSE DISABILITIES TO ENABLE THEM TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE COMMUNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Johnston CEO | Officer | 40 | $101,658 |
Wendell Coleman Chair | OfficerTrustee | 1 | $0 |
Jack Ballurio Vice Chair | OfficerTrustee | 1 | $0 |
Richard Baldwin Director | Trustee | 1 | $0 |
Kodi Frye Director | Trustee | 1 | $0 |
Tyler Hoffman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $800 |
| Related organizations | $0 |
| Government grants | $316,618 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,655 |
| Total Program Service Revenue | $2,160,418 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,399 |
| Net Gain/Loss on Asset Sales | $9,717 |
| Net Income from Fundraising Events | $11,113 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$246 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,566,054 |
| 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. | $106,408 |
| Compensation of current officers, directors, key employees. | $21,282 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,209,398 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,086 |
| Payroll taxes | $99,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $9,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $481 |
| Office expenses | $6,889 |
| Information technology | $21,882 |
| Royalties | $0 |
| Occupancy | $218,668 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $280 |
| Interest | $247 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,238 |
| Insurance | $14,325 |
| All other expenses | $9,439 |
| Total functional expenses | $2,159,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,132 |
| Savings and temporary cash investments | $154,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $430,213 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $238 |
| Prepaid expenses and deferred charges | $13,147 |
| Net Land, buildings, and equipment | $233,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,490 |
| Total assets | $1,292,662 |
| Accounts payable and accrued expenses | $124,642 |
| 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 | $0 |
| Total liabilities | $124,642 |
| Net assets without donor restrictions | $1,168,020 |
| 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 | $1,292,662 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vector Industries Inc has recieved totaling $6,775.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Central Blue Ridge Staunton, VA PURPOSE: GENERAL SUPPORT | $6,770 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Enterprises Of Jacksonville Inc Jacksonville, NC | $28,700,774 | $9,959,201 |
Jackson County Developmental Center Inc Millwood, WV | $3,126,310 | $5,044,000 |
Sw Resources Inc Parkersburg, WV | $3,802,865 | $5,085,647 |
Watauga Opportunities Inc Boone, NC | $6,174,593 | $4,894,434 |
Liberty Corner Enterprises Inc Asheville, NC | $1,499,174 | $4,141,112 |
Workwell Industries Inc Louisville, KY | $3,015,250 | $4,309,414 |
Opportunities Inc Lanham, MD | $11,459,241 | $5,505,217 |
Polk County Sheltered Workshop Inc Columbus, NC | $2,694,853 | $2,928,986 |
Tamarlane Industries Beaver Dam, KY | $2,805,000 | $3,276,754 |
Rochelle Center Nashville, TN | $4,236,048 | $3,830,558 |
Union Diversified Industries Inc Monroe, NC | $2,733,673 | $2,447,061 |
Wayne Opportunity Center Inc Goldsboro, NC | $2,444,644 | $2,788,957 |