Vocational Development Foundation

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Support for Vocational rehabilitation services.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-1300043) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $21.0M a year · 58% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
19.6 mo
of spending, in cash
Plus $345.1M in investments, Pt X · Ln 11–13
19.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25.0M
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$40.6M
+16% vs prior year
Spent
$19.5M
To programs
94%
Net assets
$381.1M
By yearFY2020–FY2025
Revenue
$40.6M
FY2025▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$24.8M
FY2021$51.1M
FY2022$37.4M
FY2023$27.4M
FY2024$35.1M
FY2025$40.6M
Expenses
$19.5M
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.7M
FY2021$13.7M
FY2022$14.1M
FY2023$15.1M
FY2024$17.2M
FY2025$19.5M
Net assets
$381.1M
FY2025▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$229.1M
FY2021$279.7M
FY2022$259.3M
FY2023$293.1M
FY2024$327.8M
FY2025$381.1M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2000.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $18.3M Management & general 6% · $1.2M

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Sec/Tt
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman/Tt
$0Pt VII · Sec A
See Vocational Development Foundation executive salaries →

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

Helps people find jobs through vocational training and support services.

Questions for Vocational Development Foundation

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1 program · $18.3M · in their own filed words · FY2025
01

Supporting other organizations serving charitable purposes through the following activities (see schedule o): providing funding for vocational rehabilitation services, training, employment and opportunities for personal growth as an interim step in the vocational rehabilitation process for people with disabilities and the disadvantaged…

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-1300043) · Dispute this line
$18.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$25.0M
Grants paid · 7 grants · $84.7M · 2020–2025

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$40.6M
Ln 12
Gifts and grantsLn 1h$25.0M
Investment incomeLn 3$10.0M
Other incomeLn 4–11$5.6M
Money outPt IX
$19.5M
Ln 25
Programscol B$18.3M
Managementcol C$1.2M
Owns and owesPt X
$381.1M
net assets · Ln 32
Cash and savingsLn 1–2$32.0M
Total assetsLn 16$381.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25.0M
Investment incomeLn 3$10.0M
Other incomeLn 4–11$5.6M
Gains on assetsLn 7$5.4M
Total revenueLn 12$40.6M
Assets in detailPt X, end of year
CashLn 1$7.0M
SavingsLn 2$25.0M
Cash and savings togetherLn 1–2$32.0M
Land, buildings, equipmentLn 10c$3.0M
InvestmentsLn 11–13$345.1M
Other assetsLn 15$913K
Total assetsLn 16$381.1M
LiabilitiesLn 26$0
Net assetsLn 32$381.1M
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$13.5M$32.0M
InvestmentsLn 11–13$310.5M$345.1M
Land, buildings, equipmentLn 10c$3.1M$3.0M
Total assetsLn 16$327.8M$381.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$327.8M$381.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$18.3M$18.3M
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$17K$17K
Investment management feesLn 11f$1.2M$1.2M
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$19.5M$18.3M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 8, 2026 $40.6M$19.5M$21.0M$381.1M 990 PDF
FY2024Filed with the IRS May 22, 2025 $35.1M$17.2M$17.9M$327.8M 990 PDF
FY2023Filed with the IRS Jul 24, 2024 $27.4M$15.1M$12.2M$293.1M 990 PDF
FY2022Filed with the IRS Jul 11, 2023 $37.4M$14.1M$23.3M$259.3M 990 PDF
FY2021Filed with the IRS Aug 4, 2022 $51.1M$13.7M$37.4M$279.7M 990 PDF
FY2020Filed with the IRS Jul 26, 2021 $24.8M$10.7M$14.1M$229.1M 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $40,574,116 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,000,000$25,000,000
I-9 Program service revenue$0
I-10 Investment incomePrior year $9,929,575$15,384,255
I-11 Other revenuePrior year $189,861$189,861
I-12 Total revenuePrior year $35,119,436$40,574,116
I-13 Grants and similar amounts paidPrior year $16,200,000$18,300,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,042,381$1,239,231
I-18 Total expensesPrior year $17,242,381$19,539,231
I-19 Revenue less expensesPrior year $17,877,055$21,034,885
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $40,574,116 across 6 lines filed
VIII-1f All other contributions, gifts and grants$25,000,000
VIII-1h Total contributions, gifts and grants$25,000,000
VIII-3 Investment incomeExcluded from tax $9,977,419$9,977,419
VIII-6 Net rental income or lossExcluded from tax $189,861$189,861
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,406,836$5,406,836
VIII-12 Total revenueExcluded from tax $15,574,116$40,574,116
Part IX · Statement of functional expenses $19,539,231 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $18,300,000$18,300,000
IX-11b Legal feesManagement $5,568$5,568
IX-11c Accounting feesManagement $17,460$17,460
IX-11f Investment management feesManagement $1,207,205$1,207,205
IX-23 InsuranceManagement $6,179$6,179
IX-24 Other expenses (24a–d)Management $2,819$2,819
IX-25 Total functional expensesPrograms $18,300,000 · Management $1,239,231 · Fundraising $0$19,539,231
Part X · Balance sheet $381,064,859 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $50,250$6,952,737
X-2 Savings and temporary cash investmentsStart of year $13,403,314$25,024,467
X-10c Land, buildings and equipment, netStart of year $3,112,158$3,028,893
X-11 Publicly traded securitiesStart of year $310,452,473$345,145,349
X-15 Other assetsStart of year $736,508$913,413
X-16 Total assetsStart of year $327,754,703$381,064,859
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $327,754,703$381,064,859
X-32 Total net assets or fund balancesStart of year $327,754,703$381,064,859
X-33 Total liabilities and net assetsStart of year $327,754,703$381,064,859
Part XI · Reconciliation of net assets $381,064,859 net assets at year end
XI-1 Total revenue$40,574,116
XI-2 Total expenses$19,539,231
XI-3 Revenue less expenses$21,034,885
XI-4 Net assets at start of year$327,754,703
XI-5 Net unrealized gains (losses) on investments$32,275,271
XI-10 Net assets at end of year$381,064,859

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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