Vmp Foundation INC: FY2020 Nonprofit Profile & Form 990 (EIN 51-0188458)

Revenue by fiscal year
FY2020	$515K
FY2021	$718K
FY2022	$284K
FY2023	$44K
FY2024	$285K

Expenses by fiscal year
FY2020	$586K
FY2021	$596K
FY2022	$582K
FY2023	$212K
FY2024	$162K

Net assets by fiscal year
FY2020	$6.8M
FY2021	$6.9M
FY2022	$5.3M
FY2023	$5.7M
FY2024	$5.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1976.

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

Where the money goes

32 cents of each dollar spent went to programs.

32%

37%

30%

Program services 32% · $190K Management & general 37% · $219K Fundraising 30% · $177K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation

Kathryn Leverenz

Chairman of the Board

$0Pt VII · Sec A

David Affeldt

Secretary

$0Pt VII · Sec A

Thomas Tomasik

Board Member

$0Pt VII · Sec A

Mark Witte

Board Member

$0Pt VII · Sec A

Thomas Tuttle JR

Board Member

$0Pt VII · Sec A

Michael Baumeister

Board Member

$0Pt VII · Sec A

Elizabeth Toohill

Former Vmp President and CEO

$0Pt VII · Sec A

Sean Callahan

Former Foundation President/CEO

$0Pt VII · Sec A

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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

Raises and manages money for Methodist Manor facilities.

Questions for Vmp Foundation INC

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Provided by the organization

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1 program · $190K · in their own filed words · FY2020

01

Hold and distribute donations for related facilities.

$190Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 7 grants · $727K · 2021–2024

Methodist Manor Health Center INCWI · FY2024$66,473

Methodist Manor Health Center INCWI · FY2023$19,241

Unitemized GrantFY2023$16,345

Methodist Manor Health Center INCWI · FY2022$277,203

Unitemized GrantFY2022$6,500

Methodist Manor Health Center INCWI · FY2021$330,878

Unitemized GrantFY2021$9,950

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$515K

Ln 12

Investment incomeLn 3$311K

Gifts and grantsLn 1h$199K

Other incomeLn 4–11$5K

Money outPt IX

$586K

Ln 25

Programscol B$190K

Managementcol C$219K

Fundraisingcol D$177K

Owns and owesPt X

$6.8M

net assets · Ln 32

Cash and savingsLn 1–2$420K

Total assetsLn 16$9.0M

LiabilitiesLn 26$2.2M

PeoplePt VI, VII

11

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$199K

Fundraising eventsLn 1c$28K

Investment incomeLn 3$311K

Other incomeLn 4–11$5K

Gains on assetsLn 7−$5K

Total revenueLn 12$515K

Assets in detailPt X, end of year

CashLn 1$420K

Cash and savings togetherLn 1–2$420K

InvestmentsLn 11–13$6.7M

Land, buildings, equipmentLn 10c$2K

Other assetsLn 15$1.9M

Total assetsLn 16$9.0M

LiabilitiesLn 26$2.2M

Net assetsLn 32$6.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$214K	$420K
InvestmentsLn 11–13	$7.2M	$6.7M
Land, buildings, equipmentLn 10c	$2K	$2K
Total assetsLn 16	$8.1M	$9.0M
LiabilitiesLn 26	$1.8M	$2.2M
Net assetsLn 32	$6.3M	$6.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$4K	$4K
Other salaries and wagesLn 7	$122K	$33K	$49K	$39K
Other employee benefitsLn 9	$685	$185	$278	$222
Payroll taxesLn 10	$7K	$2K	$3K	$2K
Investment management feesLn 11f	$40K	$40K
Other fees for servicesLn 11g	$6K	$2K	$3K	$2K
Advertising and promotionLn 12	$2K			$2K
Depreciation, depletion and amortizationLn 22	$468		$468
Other expenses (24a–d)Ln 24	$404K	$109K	$164K	$131K
Total functional expensesLn 25	$586K	$190K	$219K	$177K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$285K	$162K	$124K	$5.9M	990 PDF
FY2023	$44K	$212K	−$168K	$5.7M	990 PDF
FY2022	$284K	$582K	−$298K	$5.3M	990 PDF
FY2021	$718K	$596K	$122K	$6.9M	990 PDF
FY2020 Viewing	$515K	$586K	−$71K	$6.8M	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 FY2020 990 (6 parts)

Part I · Summary $514,731 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $156,299$199,095

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $283,920$310,801

I-11 Other revenuePrior year −$28,416$4,835

I-12 Total revenuePrior year $411,803$514,731

I-13 Grants and similar amounts paidPrior year $36,884$4,167

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $120,979$129,198

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $280,439$452,595

I-18 Total expensesPrior year $438,302$585,960

I-19 Revenue less expensesPrior year −$26,499−$71,229

Part VI · Governance 4 of 4 board members independent, no flags

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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 $514,731 across 8 lines filed

VIII-1c Fundraising events$27,871

VIII-1f All other contributions, gifts and grants$171,224

VIII-1h Total contributions, gifts and grants$199,095

VIII-3 Investment incomeExcluded from tax $316,004$316,004

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$5,203−$5,203

VIII-8 Net income from fundraising eventsExcluded from tax −$1,232−$1,232

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,067$6,067

VIII-12 Total revenueRelated to mission $6,067 · Unrelated business $0 · Excluded from tax $309,569$514,731

Part IX · Statement of functional expenses $585,960 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $4,167$4,167

IX-7 Other salaries and wagesPrograms $32,879 · Management $49,335 · Fundraising $39,353$121,567

IX-9 Other employee benefitsPrograms $185 · Management $278 · Fundraising $222$685

IX-10 Payroll taxesPrograms $1,879 · Management $2,819 · Fundraising $2,248$6,946

IX-11f Investment management feesPrograms $39,856$39,856

IX-11g Other fees for servicesPrograms $1,693 · Management $2,541 · Fundraising $2,027$6,261

IX-12 Advertising and promotionFundraising $1,758$1,758

IX-22 Depreciation, depletion and amortizationManagement $468$468

IX-24 Other expenses (24a–d)Programs $109,460 · Management $163,780 · Fundraising $131,012$404,252

IX-25 Total functional expensesPrograms $190,119 · Management $219,221 · Fundraising $176,620$585,960

Part X · Balance sheet $9,026,335 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $214,059$420,268

X-10c Land, buildings and equipment, netStart of year $2,302$1,833

X-11 Publicly traded securitiesStart of year $7,208,157$6,743,265

X-15 Other assetsStart of year $679,158$1,860,969

X-16 Total assetsStart of year $8,103,676$9,026,335

X-17 Accounts payable and accrued expensesStart of year $6,460$577

X-25 Other liabilitiesStart of year $1,794,130$2,229,737

X-26 Total liabilitiesStart of year $1,800,590$2,230,314

X-27 Net assets without donor restrictionsStart of year $4,503,538$4,804,567

X-28 Net assets with donor restrictionsStart of year $1,799,548$1,991,454

X-32 Total net assets or fund balancesStart of year $6,303,086$6,796,021

X-33 Total liabilities and net assetsStart of year $8,103,676$9,026,335

Part XI · Reconciliation of net assets $6,796,021 net assets at year end

XI-1 Total revenue$514,731

XI-2 Total expenses$585,960

XI-3 Revenue less expenses−$71,229

XI-4 Net assets at start of year$6,303,086

XI-5 Net unrealized gains (losses) on investments$564,164

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$6,796,021

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Vmp Foundation INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Vmp Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV