Volunteers of America Mid-States
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$61,667,006.00
Projected Expenses
$53,584,213.00
Organizational Budgets and Other Documents
| FY24 Budget | 2024 |
| FY2022-23 Budget | 2023 |
| FY 22 Budget | 2022 |
| FY2021 Agency Budget | 2021 |
| FY2020 Agency Budget | 2020 |
| FY2019 Agency Budget | 2019 |
| FY2018 Agency Budget | 2018 |
| FY2017 Budget | 2017 |
IRS Letter of Exemption
| Volunteers of America - Mid States IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $39,127,923.00 | $32,634,871.00 | |
| Total Expenses | $35,056,106.00 | $33,270,525.00 | |
| Revenue Less Expenses | ($-0.00) | $4,071,817.00 | ($635,654.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $15,365,055.00 | $12,426,645.00 | |
| Contributions, Gifts, and Grants | $3,738,945.00 | $2,635,325.00 | |
| Indirect Public Support | $61,873.00 | $60,452.00 | |
| Earned Revenue | $18,726,658.00 | $16,809,725.00 | |
| Investment Income, Net of Losses | $138,105.00 | $50,358.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $422,448.00 | $443,205.00 | |
| Revenue In-Kind | $273,583.00 | $155,738.00 | |
| Other | $401,256.00 | $53,423.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $28,789,144.00 | $27,898,804.00 | |
| Administration Expense | $5,789,692.00 | $4,906,250.00 | |
| Fundraising Expense | $477,270.00 | $465,471.00 | |
| Total Revenue/Total Expenses | 112% | 98% | |
| Program Expense/Total Expenses | 82% | 84% | |
| Fundraising Expense/Contributed Revenue | 1% | 1% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $18,726,658.00 | Program Revenue $16,809,725.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Government Grants $15,365,055.00 | Government Grants $12,426,645.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, Grants $3,738,945.00 | Contributions, Gifts, and Grants $2,635,325.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $18,999,219.00 | $18,581,700.00 | |
| Current Assets | $6,857,959.00 | $6,380,055.00 | |
| Long-Term Liabilities | $672,722.00 | $1,003,023.00 | |
| Current Liabilities | $2,861,177.00 | $6,189,077.00 | |
| Total Net Assets | $15,465,320.00 | $11,389,600.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$44,677.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financials are taken from the 990. Financial documents were prepared by MCM CPAS & Advisors LLP. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Comments provided by Hayley Sulfridge 2/28/23. |
