Volunteers Of America Inc
- Assets
- $12.4m
- Revenue
- $847.7k
- Investments
- $301.5k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1965
- Data as of
- 06/2020
- EIN
- 58-1818457
Organization Overview
Volunteers Of America Inc is located in Minneapolis, MN. The organization was established in 1965. According to its NTEE Classification (P26) the organization is classified as: Volunteers of America, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Volunteers Of America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE HELP PEOPLE BUILD HOPE, RESILIENCE, AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEERS OF AMERICA IN MINNESOTA IS ORGANIZED FOR THE PURPOSES OF HOLDING TITLE TO REAL PROPERTY AND EQUIPMENT FOR THE BENEFIT OF CARRYING OUT ITS AFFILIATE'S CHARITABLE MISSIONARY AND SOCIAL SERVICE FUNCTIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Fjelstul CFO | Officer | 0.5 | $0 |
Roma Anderson Milton VP Chief People Officer | Officer | 0 | $0 |
Julie Manworren President & CEO | Officer | 0.5 | $0 |
Pam Hull Board Chair | Trustee | 0 | $0 |
Peter Sop Vice-Chair & Secretary | Trustee | 0 | $0 |
Bruce Beckman Treasurer & Committee Chair | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $80,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,412 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $847,718 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $1,718 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $193,242 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,528 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $547,852 |
| Insurance | $8,092 |
| All other expenses | $0 |
| Total functional expenses | $805,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $892 |
| Savings and temporary cash investments | $884,714 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $301,536 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,725,101 |
| Total assets | $12,369,650 |
| Accounts payable and accrued expenses | $2,107 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,036,500 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $206,917 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $101,228 |
| Total liabilities | $1,346,752 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $11,022,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Volunteers Of America Inc Minneapolis, MN | $12,279,287 | $34,630,686 |
Volunteers Of America Inc Eden Prairie, MN | $102,078,690 | $28,238,087 |
Volunteers Of America Inc Eden Prairie, MN | $56,692,751 | $22,165,166 |
Volunteers Of America Inc Eden Prairie, MN | $50,009,760 | $7,739,399 |
Volunteers Of America Inc Eden Prairie, MN | $16,227,927 | $8,449,252 |
Volunteers Of America Inc Eden Prairie, MN | $1,205,779 | $6,142,529 |
Volunteers Of America Inc Minneapolis, MN | $2,785,315 | $5,868,296 |
Volunteers Of America Inc Eden Prairie, MN | $585,632 | $3,758,175 |
Volunteers Of America Inc Eden Prairie, MN | $6,768,893 | $2,603,554 |
Volunteers Of America Inc Minneapolis, MN | $12,369,650 | $847,718 |
Voans Cde Inc Eden Prairie, MN | $410,909 | $116,594 |
Volunteers Of America Inc Eden Prairie, MN | $18,582,701 | $35,446 |