Vector Industries Foundation INC

EIN 45-3716911 Supporting organization Waynesboro, VA NTEE J11
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Revenue & expenses by yearFY2020–FY2024
Revenue
$206K
FY2024▲ +79%
Expenses
$34K
FY2024

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Supports disabled individuals through training and employment opportunities. For fiscal year 2024 it reported $206K in revenue, $34K in expenses, and $3.8M in net assets.Pt I

Type
Supporting organization · Employment
Location
Waynesboro, VA
Website
www.vectorindustries.org
Filings
5 on file (2020–2024)
Revenue
$206KFY2024
Expenses
$34K
Net assets
$3.8M
People
5
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Provided by the organization

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Size
$100K–1M
What they do
Supports disabled individuals through training and employment opportunities.
Leadership
Richard Baldwin · Vice Chair
Money in and out
$206K revenue, $34K expenses
Bottom line
+84% net inflow

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

CRITICAL

0% to programs

0% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +79% vs prior year

Revenue band $100K–1M, +79% versus the prior filing year (up). See detail →

Money in and out · FY2024
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $172K
Where spending went · Part IX cols B–D
Management & general $1.00
Net inflow
+84%
revenue over expenses, this year▼ -16% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
0%
of expenses reach stated programs

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$4.5M
FY2024▲ +6%
Total liabilities
$704K
FY2024▼ -5%
Revenue less expensesPt I · Ln 19$172K
Total assetsPt X · Ln 16$4.5M
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CVector Industries Foundation INC
EINHdr · item D45-3716911
Principal addressHdr · item CWaynesboro, VA
WebsiteHdr · item Jwww.vectorindustries.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J11)
Ruling yearIRS BMFMar 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Vector industies foundation was formed to provide for the long term capital needs of vector industries, inc which provides training and employment to approximately 50 disabled persons.

Pt IX · col B

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Statement of Revenue

Part VIII
Investment income104%$214K
Total revenueLn 12$206K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$34K
Total functional expensesLn 25$34K

Balance Sheet

Part X · end of year
CashLn 1$179K
Total assetsLn 16$4.5M
Total liabilitiesLn 26$704K
Total net assetsLn 32$3.8M
Months of cash on handcomputed63.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.6M · Operating expenses/yr $34K
937.2 months
Where the money goes
Program services
Program services $0 · Total expenses $34K
0%
Management & General
Management & general $34K · Total expenses $34K
100%
Fundraising
Fundraising $0 · Total expenses $34K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $206K
0%
Government reliance
Government grants — · Total revenue $206K
—
Earned-income share
Program service revenue $0 · Total revenue $206K
0%
Investment reliance
Investment income $214K · Total revenue $206K
+104%
Program self-sufficiency
Program service revenue $0 · Total expenses $34K
0%
Growth & trend
Revenue growth (YoY)
This year $206K · Prior year $115K
+79%
Revenue CAGR
FY2020 $118K · FY2024 $206K
+15%
Net-asset trend (YoY)
End of year $3.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $206K · Expenses $34K
+84%
Liabilities-to-Assets
Total liabilities — · Total assets $4.5M
—
Net-asset ratio
Net assets $3.8M · Total assets $4.5M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.5M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $4.5M
55%
People & payroll
Highest Reported Total Compensation
Individual Richard Baldwin · Reported title Vice Chair · Highest reported compensation $0 · Total expenses $34K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $34K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 100%——
Revenue growth 79%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$206K revenue · viewing · ⤓ 990 PDF
FY2023$115K revenue · ⤓ 990 PDF
FY2022$67K revenue · ⤓ 990 PDF
FY2021$239K revenue · ⤓ 990 PDF
FY2020$118K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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