Vgs INC FY2022 filing

Tax-deductible

Cleveland, OH501(c)(3)Human ServicesEIN 34-1873704Revenue $3.4M in FY2022

On file with the IRS2239 E 55th St, 44103-4451 · Cleveland, OHTax-exempt since Nov 1998Supporting organization — 509(a)(3)

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Providing work experience and employment for persons with significant disabilities through government contract work.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.3M a year · 56% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$347K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
-1% vs prior year
Spent
$1.5M
To programs
100%
Net assets
$19.7M
By yearFY2020–FY2024
Revenue
$3.4M
FY2022▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.8M
FY2021$3.5M
FY2022$3.4M
FY2023$4.1M
FY2024$4.2M
Expenses
$1.5M
FY2022▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$1.7M
FY2022$1.5M
FY2023$1.7M
FY2024$1.6M
Net assets
$19.7M
FY2022▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$16.1M
FY2021$17.8M
FY2022$19.7M
FY2023$22.2M
FY2024$24.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.5M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair-Facilities
$0Pt VII · Sec A
Vice Chair-Devel.
$0Pt VII · Sec A
Vice Chair-Finance
$0Pt VII · Sec A
Vice Chair-Governance
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Vgs INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers job training and employment for people with disabilities through government contracts.

Questions for Vgs INC

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2022
01

VGS, inc. Provides employment to individuals with disabilities. Through the abilityone program and state of ohio contracts, VGS, inc. Employed 263 individuals in 2022 and paid $2,732,616 in gross wages for 189,117 hours worked.

$1.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
SourceamericaFY2024$16K
Total grants receivedfrom 1 funder$16K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Other incomeLn 4–11$3.4M
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Owns and owesPt X
$19.7M
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$20.1M
LiabilitiesLn 26$347K
PeoplePt VI, VII
29
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$3.4M
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$20.1M
LiabilitiesLn 26$347K
Net assetsLn 32$19.7M
OperationsPt I, VI
EmployeesI 5246
VolunteersI 628
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$52K$18K
Land, buildings, equipmentLn 10c$5K$2K
Total assetsLn 16$18.5M$20.1M
LiabilitiesLn 26$687K$347K
Net assetsLn 32$17.8M$19.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$435K$435K
Pension plan contributionsLn 8$69K$69K
Other employee benefitsLn 9$383K$383K
Payroll taxesLn 10$345K$345K
Other fees for servicesLn 11g$2K$2K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$297$297
Depreciation, depletion and amortizationLn 22$3K$3K
Other expenses (24a–d)Ln 24$289K$289K
Total functional expensesLn 25$1.5M$1.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.2M$1.6M$2.6M$24.7M 990 PDF
FY2023 $4.1M$1.7M$2.4M$22.2M 990 PDF
FY2022 Viewing $3.4M$1.5M$1.9M$19.7M 990 PDF
FY2021 $3.5M$1.7M$1.7M$17.8M 990 PDF
FY2020 $4.8M$2.2M$2.6M$16.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $3,434,021 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $3,469,255$3,434,021
I-12 Total revenuePrior year $3,469,255$3,434,021
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,345,226$1,232,304
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $394,800$297,342
I-18 Total expensesPrior year $1,740,026$1,529,646
I-19 Revenue less expensesPrior year $1,729,229$1,904,375
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,434,021 across 1 lines filed
Lines not itemized here account for $3,434,021 of total revenue; see the IRS return.
VIII-12 Total revenueRelated to mission $3,434,021 · Unrelated business $0 · Excluded from tax $0$3,434,021
Part IX · Statement of functional expenses $1,529,646 across 9 lines filed
IX-7 Other salaries and wagesPrograms $435,014$435,014
IX-8 Pension plan contributionsPrograms $69,120$69,120
IX-9 Other employee benefitsPrograms $382,684$382,684
IX-10 Payroll taxesPrograms $345,486$345,486
IX-11g Other fees for servicesPrograms $1,700$1,700
IX-17 TravelPrograms $2,973$2,973
IX-19 Conferences, conventions and meetingsPrograms $297$297
IX-22 Depreciation, depletion and amortizationPrograms $3,354$3,354
IX-24 Other expenses (24a–d)Programs $289,018$289,018
IX-25 Total functional expensesPrograms $1,529,646 · Management $0 · Fundraising $0$1,529,646
Part X · Balance sheet $20,081,758 assets, 11 lines filed
Asset lines not itemized here account for $18,958,322; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $52,387$17,875
X-4 Accounts receivableStart of year $1,187,332$1,067,827
X-8 Inventories for sale or useStart of year $213,084$36,141
X-9 Prepaid expenses and deferred chargesStart of year $18,494$0
X-10c Land, buildings and equipment, netStart of year $5,180$1,593
X-16 Total assetsStart of year $18,517,357$20,081,758
X-17 Accounts payable and accrued expensesStart of year $686,572$346,598
X-26 Total liabilitiesStart of year $686,572$346,598
X-27 Net assets without donor restrictionsStart of year $17,830,785$19,735,160
X-32 Total net assets or fund balancesStart of year $17,830,785$19,735,160
X-33 Total liabilities and net assetsStart of year $18,517,357$20,081,758
Part XI · Reconciliation of net assets $19,735,160 net assets at year end
XI-1 Total revenue$3,434,021
XI-2 Total expenses$1,529,646
XI-3 Revenue less expenses$1,904,375
XI-4 Net assets at start of year$17,830,785
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,735,160

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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