Vadis
- Assets
- $14.5m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 123
- Location
- Sumner, WA
- Founding
- 04/2000
- Data as of
- 06/2022
- EIN
- 91-1083309
Organization Overview
Vadis is located in Sumner, WA. The organization was established in 2000. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Vadis employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vadis 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 06/2022, Vadis generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 5.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENRICHING LIVES THROUGH EXCELLENCE, EQUITY AND SERVICE INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENTAL DISABILITIES ADMINISTRATION (DDA): SERVICES FOR THE DEVELOPMENTALLY DISABLED - REHABILITATION, TRAINING AND EMPLOYMENT SERVICES.
DIVISION OF VOCATIONAL REHABILITATION (DVR): ASSISTING INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES TO SET CAREER GOALS THROUGH CAREFUL, INDIVIDUALIZED PLANNING, IN ADDITION TO, JOB SUPPORT TO ENSURE SUCCESS.
CUSTODIAL/ROTUNDA: SERVICES FOR THE DISABLED, REHABILITATION TRAINING AND EMPLOYMENT SERVICES AT THE UNION STATION IN TACOMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Turner Chairperson | OfficerTrustee | 1 | $0 |
Chris Williams Vice Chairperson | OfficerTrustee | 1 | $0 |
Doug Davey Board Member | Trustee | 1 | $0 |
Carolyn Jones Board Member | Trustee | 1 | $0 |
Jennifer Mogensen Board Member | Trustee | 1 | $0 |
Terri Olson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,453,361 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,457,312 |
| Total Program Service Revenue | $600,839 |
| Investment income | $26,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,081 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,091,623 |
| 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. | $560,179 |
| Compensation of current officers, directors, key employees. | $139,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,344,886 |
| Pension plan accruals and contributions | $38,388 |
| Other employee benefits | $488,298 |
| Payroll taxes | $307,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15 |
| Fees for services: Investment Management | $14,850 |
| Fees for services: Other | $57,570 |
| Advertising and promotion | $36,249 |
| Office expenses | $233,695 |
| Information technology | $80,328 |
| Royalties | $0 |
| Occupancy | $325,842 |
| Travel | $156,653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,847 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $304,545 |
| Insurance | $71,587 |
| All other expenses | $0 |
| Total functional expenses | $6,361,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,780,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $364,492 |
| Accounts receivable, net | $839,150 |
| 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 | $207,343 |
| Net Land, buildings, and equipment | $8,294,400 |
| Investments—publicly traded securities | $1,006,546 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,492,594 |
| Accounts payable and accrued expenses | $367,684 |
| 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 | $4,697,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,064,884 |
| Net assets without donor restrictions | $9,427,710 |
| 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 | $14,492,594 |