Vip Services INC FY2022 filing

Tax-deductible

Elkhorn, WI501(c)(3)EIN 39-1227648Revenue $5.8M in FY2022

On file with the IRSvipservices-inc.com811 E Geneva St, 53121-2305 · Elkhorn, WITax-exempt since Jan 1976Publicly supported charity — 170(b)(1)(A)(vi)

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Provide work and life skills training for individuals with disabilities

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
2 of 5
filings with a surplus
Average surplus $112K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $125K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$329K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.8M
-17% vs prior year
Spent
$6.5M
To programs
83%
Net assets
$5.3M
By yearFY2020–FY2024
Revenue
$5.8M
FY2022▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.8M
FY2021$7.0M
FY2022$5.8M
FY2023$6.9M
FY2024$8.4M
Expenses
$6.5M
FY2022▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.9M
FY2021$6.0M
FY2022$6.5M
FY2023$7.0M
FY2024$8.0M
Net assets
$5.3M
FY2022▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.0M
FY2021$6.0M
FY2022$5.3M
FY2023$5.3M
FY2024$5.7M

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

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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 Jan 1976.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $5.4M Management & general 16% · $1.1M Fundraising 1% · $42K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Vip Services 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 15aNo

Programs and updates

Trains individuals with disabilities in work and life skills.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Providing work and life skills training

Pt IX · col B

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
See all 10 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$5.8M
Ln 12
Fees for servicesLn 2g$5.5M
Gifts and grantsLn 1h$326K
Other incomeLn 4–11$27K
Money outPt IX
$6.5M
Ln 25
Programscol B$5.4M
Managementcol C$1.1M
Fundraisingcol D$42K
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$5.6M
LiabilitiesLn 26$329K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$326K
Fundraising eventsLn 1c$82K
Fees for servicesLn 2g$5.5M
Investment incomeLn 3$2K
Other incomeLn 4–11$27K
Total revenueLn 12$5.8M
Assets in detailPt X, end of year
CashLn 1$259K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$3.1M
Total assetsLn 16$5.6M
LiabilitiesLn 26$329K
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 5240
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.4M$1.7M
Land, buildings, equipmentLn 10c$3.0M$3.1M
Total assetsLn 16$6.3M$5.6M
LiabilitiesLn 26$376K$329K
Net assetsLn 32$6.0M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$379K$166K$212K$1K
Other salaries and wagesLn 7$2.9M$2.5M$388K$10K
Pension plan contributionsLn 8$43K$38K$5K$173
Other employee benefitsLn 9$432K$320K$110K$2K
Payroll taxesLn 10$252K$201K$50K$974
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$162K$96K$66K
Advertising and promotionLn 12$27K$27K
Office expensesLn 13$61K$21K$40K
Information technologyLn 14$48K$48K
OccupancyLn 16$138K$127K$11K
TravelLn 17$9K$8K$371
Conferences, conventions and meetingsLn 19$4K$1K$2K
Depreciation, depletion and amortizationLn 22$296K$282K$14K
InsuranceLn 23$230K$193K$37K$285
Other expenses (24a–d)Ln 24$1.4M$1.4M$47K$217
All other expensesLn 24e$1$54−$53
Total functional expensesLn 25$6.5M$5.4M$1.1M$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.4M$8.0M$435K$5.7M 990 PDF
FY2023 $6.9M$7.0M−$66K$5.3M 990 PDF
FY2022 Viewing $5.8M$6.5M−$643K$5.3M 990 PDF
FY2021 $7.0M$6.0M$991K$6.0M 990 PDF
FY2020 $5.8M$5.9M−$158K$5.0M 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 $5,828,675 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $269,201$326,314
I-9 Program service revenuePrior year $5,419,486$5,473,210
I-10 Investment incomePrior year $2,585$2,044
I-11 Other revenuePrior year $1,335,499$27,107
I-12 Total revenuePrior year $7,026,771$5,828,675
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,871,809$4,036,757
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,163,992$2,434,901
I-18 Total expensesPrior year $6,035,801$6,471,658
I-19 Revenue less expensesPrior year $990,970−$642,983
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $5,828,675 across 9 lines filed
Lines not itemized here account for $2,552 of total revenue; see the IRS return.
VIII-1a Federated campaigns$10,750
VIII-1c Fundraising events$81,767
VIII-1f All other contributions, gifts and grants$233,797
VIII-1h Total contributions, gifts and grants$326,314
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,470,658$5,470,658
VIII-3 Investment incomeRelated to mission $2,044$2,044
VIII-8 Net income from fundraising events$13,090
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,017$14,017
VIII-12 Total revenueRelated to mission $5,489,271$5,828,675
Part IX · Statement of functional expenses $6,471,658 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $165,702 · Management $211,567 · Fundraising $1,423$378,692
IX-7 Other salaries and wagesPrograms $2,532,675 · Management $388,293 · Fundraising $9,625$2,930,593
IX-8 Pension plan contributionsPrograms $37,663 · Management $5,334 · Fundraising $173$43,170
IX-9 Other employee benefitsPrograms $319,886 · Management $109,622 · Fundraising $2,410$431,918
IX-10 Payroll taxesPrograms $200,954 · Management $50,456 · Fundraising $974$252,384
IX-11c Accounting feesManagement $25,133$25,133
IX-11g Other fees for servicesPrograms $95,983 · Management $65,738$161,721
IX-12 Advertising and promotionFundraising $26,563$26,563
IX-13 Office expensesPrograms $20,684 · Management $40,291$60,975
IX-14 Information technologyManagement $48,322$48,322
IX-16 OccupancyPrograms $127,034 · Management $11,046$138,080
IX-17 TravelPrograms $8,342 · Management $371$8,713
IX-19 Conferences, conventions and meetingsPrograms $1,130 · Management $2,401$3,531
IX-22 Depreciation, depletion and amortizationPrograms $281,787 · Management $14,219$296,006
IX-23 InsurancePrograms $192,904 · Management $37,064 · Fundraising $285$230,253
IX-24 Other expenses (24a–d)Programs $1,388,518 · Management $46,868 · Fundraising $217$1,435,603
IX-24e All other expensesPrograms $54 · Management −$53$1
IX-25 Total functional expensesPrograms $5,373,316 · Management $1,056,672 · Fundraising $41,670$6,471,658
Part X · Balance sheet $5,647,714 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $94,056$259,421
X-2 Savings and temporary cash investmentsStart of year $2,273,890$1,473,217
X-4 Accounts receivableStart of year $671,950$576,885
X-8 Inventories for sale or useStart of year $229,829$132,519
X-9 Prepaid expenses and deferred chargesStart of year $77,885$67,097
X-10c Land, buildings and equipment, netStart of year $2,990,440$3,138,575
X-16 Total assetsStart of year $6,338,050$5,647,714
X-17 Accounts payable and accrued expensesStart of year $376,472$329,119
X-26 Total liabilitiesStart of year $376,472$329,119
X-27 Net assets without donor restrictionsStart of year $5,098,147$5,222,211
X-28 Net assets with donor restrictionsStart of year $863,431$96,384
X-32 Total net assets or fund balancesStart of year $5,961,578$5,318,595
X-33 Total liabilities and net assetsStart of year $6,338,050$5,647,714
Part XI · Reconciliation of net assets $5,318,595 net assets at year end
XI-1 Total revenue$5,828,675
XI-2 Total expenses$6,471,658
XI-3 Revenue less expenses−$642,983
XI-4 Net assets at start of year$5,961,578
XI-10 Net assets at end of year$5,318,595

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

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