Volunteers Of America Inc
- Assets
- $1.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 56
- Location
- Eden Prairie, MN
- Founding
- 05/1965
- Data as of
- 06/2021
- EIN
- 83-2687296
Organization Overview
Volunteers Of America Inc is located in Eden Prairie, MN. The organization was established in 1965. As of 06/2021, Volunteers Of America Inc employed 56 individuals. 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.
For the year ending 06/2021, Volunteers Of America Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 51.3% each year . All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 59.6% per year over the past 3 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOMESTEAD AT COON RAPIDS, INC. PROVIDES HEALTHCARE AND ASSISTED LIVING SERVICES IN MINNESOTA FOR SENIORS AND THOSE WITH DISABILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
King Michael W President | OfficerTrustee | 3 | $0 |
Burks Jane Treasurer | OfficerTrustee | 0.1 | $0 |
Rase Nancy Vice Chair | OfficerTrustee | 0.1 | $0 |
Dolan Thomas Secretary | OfficerTrustee | 0.1 | $0 |
Arnoldpatti Chairperson | OfficerTrustee | 0.1 | $0 |
Desjardins Peter J Asst. Secretary/treasurer | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,422 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,422 |
| Total Program Service Revenue | $1,726,082 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,833,506 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,064,509 |
| Pension plan accruals and contributions | $5,995 |
| Other employee benefits | $105,702 |
| Payroll taxes | $67,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $476 |
| Fees for services: Accounting | $3,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $279,714 |
| Advertising and promotion | $9,454 |
| Office expenses | $70,401 |
| Information technology | $56,039 |
| Royalties | $0 |
| Occupancy | $81,468 |
| Travel | $668 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $247 |
| Interest | $77 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,320 |
| Insurance | $94,982 |
| All other expenses | $14,529 |
| Total functional expenses | $2,222,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,537 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,483 |
| 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 | $127,518 |
| Net Land, buildings, and equipment | $1,150,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,445,141 |
| Accounts payable and accrued expenses | $170,688 |
| Grants payable | $0 |
| Deferred revenue | $2,886 |
| 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 | $1,731,633 |
| Total liabilities | $1,905,207 |
| Net assets without donor restrictions | -$460,066 |
| 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 | $1,445,141 |
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