Village Exchange Center Inc
- Assets
- $4.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Aurora, CO
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-5174986
Organization Overview
Village Exchange Center Inc is located in Aurora, CO. The organization was established in 2017. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Village Exchange Center Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Exchange Center 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, Village Exchange Center Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. 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
COLLABORATIVE COMMUNITY CENTER CO-LOCATING PROGRAMS CRITICAL TO THE REFUGEE, IMMIGRANT, AND LOCAL COMMUNITIES. WE ALSO OFFER SPACE TO THE COMMUNITY TO HOLD EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATIVE COMMUNITY CENTER, CO-LOCATING PROGRAMS CRITICAL TO THE REFUGEE, IMMIGRANT AND LOCAL COMMUNITIES, OFFERING SPACE TO THE COMMUNITY TO HOLD EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Blaurock Executive Director | OfficerTrustee | 1 | $178,066 |
Marcel Narucki Director Of Multifaith Services | OfficerTrustee | 1 | $68,303 |
David Pedley Board Member | Trustee | 1 | $0 |
Mike Ferrufino Board Member | Trustee | 1 | $0 |
Emma Pinter Board Member | Trustee | 1 | $0 |
Paul Stein Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,131,515 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,361,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,492,548 |
| Total Program Service Revenue | $85,774 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,528 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,601,889 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,400 |
| Grants and other assistance to domestic individuals. | $470,404 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $273,360 |
| Compensation of current officers, directors, key employees. | $55,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $414,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,169 |
| Payroll taxes | $51,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,290 |
| Fees for services: Accounting | $75,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $223,950 |
| Advertising and promotion | $62,100 |
| Office expenses | $65,489 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,099 |
| 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 | $100,863 |
| Insurance | $15,512 |
| All other expenses | $0 |
| Total functional expenses | $2,500,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $967,408 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $947,476 |
| 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 | $4,323 |
| Net Land, buildings, and equipment | $2,779,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,698,431 |
| Accounts payable and accrued expenses | $69,878 |
| 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 | $69,878 |
| Net assets without donor restrictions | $3,692,406 |
| Net assets with donor restrictions | $936,147 |
| 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 | $4,698,431 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Village Exchange Center Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: CONSTRUCTION | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Indian Services Lehi, UT | $10,193,360 | $4,741,399 |
Native American Professional Parent Resources Inc Albuquerque, NM | $3,103,223 | $5,950,001 |
Urban Indian Center Of Salt Lake Salt Lake City, UT | $5,088,096 | $5,615,909 |
Institute Of American Indian Arts Foundation Santa Fe, NM | $1,499,180 | $4,615,471 |
Denver Indian Health And Family Services Inc Denver, CO | $6,386,567 | $4,569,976 |
Phoenix Indian Center Phoenix, AZ | $3,230,843 | $4,638,473 |
National Center For American Indian Enterprise Development Mesa, AZ | $2,493,457 | $4,710,550 |
American Indian Assoc Of Tucson Inc Tucson, AZ | $5,050,401 | $4,482,503 |
Asian Association Of Utah Salt Lake City, UT | $5,177,154 | $4,364,920 |
Asian Pacific Development Center Of Colorado Aurora, CO | $2,256,613 | $3,555,385 |
Nosotros Tucson, AZ | $2,200,442 | $3,377,110 |
Village Exchange Center Inc Aurora, CO | $4,698,431 | $3,601,889 |