Mvle Inc
- Assets
- $12.4m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 200
- Location
- Springfield, VA
- Founding
- 09/1973
- Data as of
- 09/2023
- EIN
- 54-0901005
Organization Overview
Mvle Inc is located in Springfield, VA. The organization was established in 1973. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 09/2023, Mvle Inc employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mvle 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 09/2023, Mvle Inc generated $9.2m 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 (6.0%) each year. All expenses for the organization totaled $9.9m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE CREATE FUTURES FOR PEOPLE WITH DISABILITIES THROUGH EMPLOYMENT AND SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Vineyard Chair | OfficerTrustee | 1 | $0 |
Michael Smith Vice-Chair | OfficerTrustee | 1 | $0 |
Catherine Pennington Treasurer | OfficerTrustee | 1 | $0 |
Karen Roberson Secretary (thru 10/23) | OfficerTrustee | 1 | $0 |
Howard Young Secretary (as Of 10/22) | Trustee | 2 | $0 |
Mitchell Cropp Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neosystems Corp Cfo, Controller, & Accounting Services | 6/29/18 | $198,843 |
Virgnia Healthcare Services Nursing Services | 6/29/18 | $178,500 |
Rebnetik Enterprises Outsourced It | 6/29/18 | $118,681 |
Bodywise Dance Llc Movement Therapy | 6/29/18 | $103,799 |
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 | $216,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,026 |
| Total Program Service Revenue | $8,762,555 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,179,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,202 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $301,268 |
| Compensation of current officers, directors, key employees. | $30,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,370,424 |
| Pension plan accruals and contributions | $297,054 |
| Other employee benefits | $138,333 |
| Payroll taxes | $0 |
| Fees for services: Management | $130,750 |
| Fees for services: Legal | $215 |
| 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 | $298,387 |
| Advertising and promotion | $3,063 |
| Office expenses | $489,701 |
| Information technology | $41,333 |
| Royalties | $0 |
| Occupancy | $1,904,785 |
| Travel | $58,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,565 |
| Interest | $164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,547 |
| Insurance | $124,698 |
| All other expenses | $342,096 |
| Total functional expenses | $9,912,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,096 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $78,855 |
| Accounts receivable, net | $1,735,072 |
| 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 | $231,481 |
| Net Land, buildings, and equipment | $399,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,564,957 |
| Total assets | $12,427,372 |
| Accounts payable and accrued expenses | $500,855 |
| Grants payable | $0 |
| Deferred revenue | $26,421 |
| 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 | $7,268,085 |
| Total liabilities | $7,795,361 |
| Net assets without donor restrictions | $4,632,011 |
| 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 | $12,427,372 |