Civic Intelligence

Virginia Regional Transit

990 • Fiscal year 2018 • EIN 62-1441965

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 2018

Organization ProfileWWW.VATRANSIT.ORG

View Organization Page

109 North Bailey LanePurcellville, VA 20132

(540) 338-7285

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.08x

Higher debt load relative to assets than 34% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

47th percentile

0.20x

Higher debt load relative to revenue than 47% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

21st percentile

-5.2%

Higher net margin than 21% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

45th percentile

$160,355

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

24th percentile

-3.7%

Faster asset growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-1.8%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$15,735,933

Down $609,863 (-3.7%) from 2017

Net Assets

Down

$14,411,501

Down $338,004 (-2.3%) from 2017

Liabilities

Down

$1,324,432

Down $271,859 (-17%) from 2017

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin21st percentile

Revenue

Down

$6,556,603

Down $120,759 (-1.8%) from 2017

Expenses

Up

$6,894,607

Up $796,654 (+13%) from 2017

Net Income

Down

-$338,004

Down $917,413 (-158%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $14,247,923Liabilities 2010: $2,059,007Net Assets 2010: $12,188,9162010Assets 2011: $18,846,816Liabilities 2011: $2,747,265Net Assets 2011: $16,099,5512011Assets 2012: $21,850,620Liabilities 2012: $2,608,479Net Assets 2012: $19,242,1412012Assets 2013: $21,293,688Liabilities 2013: $2,285,645Net Assets 2013: $19,008,0432013Assets 2014: $20,533,958Liabilities 2014: $1,596,784Net Assets 2014: $18,937,1742014Assets 2015: $19,121,944Liabilities 2015: $1,075,037Net Assets 2015: $18,046,9072015Assets 2016: $19,239,804Liabilities 2016: $890,062Net Assets 2016: $18,349,7422016Assets 2017: $16,345,796Liabilities 2017: $1,596,291Net Assets 2017: $14,749,5052017Assets 2018: $15,735,933Liabilities 2018: $1,324,432Net Assets 2018: $14,411,5012018Assets 2019: $15,707,923Liabilities 2019: $1,171,512Net Assets 2019: $14,536,4112019Assets 2020: $15,630,951Liabilities 2020: $903,149Net Assets 2020: $14,727,8022020Assets 2021: $16,382,383Liabilities 2021: $718,920Net Assets 2021: $15,663,4632021Assets 2022: $11,159,965Liabilities 2022: $463,938Net Assets 2022: $10,696,0272022Assets 2023: $11,672,237Liabilities 2023: $657,208Net Assets 2023: $11,015,0292023Assets 2024: $15,844,435Liabilities 2024: $1,534,014Net Assets 2024: $14,310,4212024

Highlighted filing

2018

Assets$15,735,933
Liabilities$1,324,432
Net Assets$14,411,501
Open 2018 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,920,1622010Expenses 2011: $11,682,7202011Expenses 2012: $12,163,0052012Expenses 2013: $13,118,0762013Revenue 2014: $11,828,748Expenses 2014: $11,899,617Net Income 2014: -$70,8692014Revenue 2015: $4,695,401Expenses 2015: $5,585,668Net Income 2015: -$890,2672015Revenue 2016: $6,883,392Expenses 2016: $6,580,557Net Income 2016: $302,8352016Revenue 2017: $6,677,362Expenses 2017: $6,097,953Net Income 2017: $579,4092017Revenue 2018: $6,556,603Expenses 2018: $6,894,607Net Income 2018: -$338,0042018Revenue 2019: $7,413,774Expenses 2019: $7,288,864Net Income 2019: $124,9102019Revenue 2020: $7,448,704Expenses 2020: $7,257,313Net Income 2020: $191,3912020Revenue 2021: $8,231,477Expenses 2021: $7,295,816Net Income 2021: $935,6612021Revenue 2022: $9,666,182Expenses 2022: $8,309,336Net Income 2022: $1,356,8462022Revenue 2023: $9,335,133Expenses 2023: $9,016,131Net Income 2023: $319,0022023Revenue 2024: $13,473,962Expenses 2024: $10,178,570Net Income 2024: $3,295,3922024

Highlighted filing

2018

Revenue$6,556,603
Expenses$6,894,607
Net Income-$338,004
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$6,574,208
Mission and Program Overview

Mission

Virginia regional transit's mission is to create access to mobility through direct passenger service, transit system management and transit related services for the public.

To coordinate, promote, and provide an efficient system of public transportation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,034,706$13,519,830▼ $514,876
Cash and Non-Interest-Bearing Accounts$1,572,757$1,499,499▼ $73,258
Pledges and Grants Receivable$512,015$356,133▼ $155,882
Accounts Receivable$217,808$281,156▲ $63,348
Total Assets$16,345,796$15,735,933▼ $609,863
Other Assets Total$8,510$79,315▲ $70,805
Liabilities
Mortgage Notes Payable Secured by Investment Property$293,601$942,952▲ $649,351
Accounts Payable and Accrued Expenses$1,113,241$367,180▼ $746,061
Other Liabilities$181,620$0▼ $181,620
Deferred Revenue$7,829$14,300▲ $6,471
Total Liabilities$1,596,291$1,324,432▼ $271,859
Net Assets / Fund Balance
Unrestricted Net Assets$14,749,505$14,411,501▼ $338,004
Total Net Assets Fund Balance$14,749,505$14,411,501▼ $338,004
Total Liabilities and Net Assets / Fund Balance$16,345,796$15,735,933▼ $609,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,291,471$2,388,668$12,680,139
Other Land Buildings$1,103,194$3,488,223$4,591,417
Land$2,068,449-$2,068,449
Equipment$56,716$269,142$325,858
Compensation and Service Providers
Top Officer Pay45th percentile

Board Members and Trustees

NameTitle
Robert J ChirlesChair
Charles D GrantChair Emeritus
Bruce SimmsPresident/CEO
Maxie BrownVice Chair
James W AskegrenDirector
Joseph L BolingDirector
Randolph a SutliffDirector
Russ NeymanSecretary
Noel a BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,991,899
Program Service Revenue
$2,784,468
Investment Income
$79,428
Other Revenue
$700,808
All Other Contributions
$11,249
Change in Net Assets
$-338,004

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,556,603
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$71,490
Total Revenue per Audited Statements
$6,628,093
Total Revenue per Form 990
$6,556,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,894,607
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$944,486$29,211-$973,697
Insurance$273,611$52,116-$325,727
Office Expenses$117,320$22,347-$139,667
Information Technology$117,579--$117,579
Occupancy$70,358$13,402-$83,760
All Other Expenses$61,465$6,888-$68,353
Other Expenses$54,025$609,195-$54,025
Travel$51,258--$51,258
Interest$47,294--$47,294
Fees for Services Accounting$36,911$7,031-$43,942
Advertising$26,281$5,006-$31,287
Fees for Services Legal$25,943$4,942-$30,885
Fees for Services Other$9,138$1,741-$10,879
Total Functional Expenses$6,142,728$751,879$0$6,894,607

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,966,097
Expenses per Audited Statements$6,894,607
Total Expenses per Form 990$6,894,607
Expenses Not Reported on Form 990$71,490
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,346
Fundraising Direct Expenses$17,605
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$22,346$22,346$17,605$4,741
Total Events$22,346$22,346$17,605$4,741
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 5

“After a fbi investigation of a 3rd party vendor and an officer of the organization, the organization was made aware of an over billing collusion between the 3rd party vendor and the organization's officer. As a result of this information from the fbi, the organization submitted and was reimbursed the over billing amount to the extent allowed under the director officers liability insurance policy. The organization was reimbursed $500,000.”

Form 990, Part VI, Section B, Line 11B

“The executive committee reviews form 990. The annual financial information and irs filings are then presented at the board of directors meeting for their approval prior to submission to the irs.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is in the personnel policy manual. This is monitored constantly and in detail annually with each employee as part of the annual employee evaluation/review.”

Form 990, Part VI, Section B, Line 15A

“Committee of independent directors conducts surveys and studies to determine appropriate competitive compensation for vrt's ceo. The committee then conducts evaluation of ceo's performance based on stated performance criteria and meets to discuss the evaluation.”

Form 990, Part VI, Section C, Line 19

“Virginia regional transit has its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Regional Transit
EIN
62-1441965
Phone
5403387285
Address
109 NORTH BAILEY LANE, PURCELLVILLE, VA 20132

Signing Officer

Name
Bruce Simms
Title
President
Phone
5403387285
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Simms
Formed
1990
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Mitchell & Co Pc
Address
110 EAST MARKET ST 200, LEESBURG, VA 20176
Preparer
Jeffrey D Mitchell
Phone
7037774900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“Finance committee oversees the review of the annual audited financial statments. Finance committee meets with the auditors annually to review the financial results and then presents the annual audited report to the board for the review and final approval. Board of directors selects and oversees the independent auditor.”

Financial Statement Notes

PART X, LINE 2:

“Vrt is a not-for-profit organization exempt from federal income tax under irc 509(c)(3). However, vrt is taxed on all income from unrelated business activities. Vrt believes all of its current activities and events continue to meet the income tax exemption criteria of the irc for a nonprofit organization. Under internal revenue service audit of vrt's activities, a differing position could result in a possible income tax liability.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt017310
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt017310
IRS990/NetUnrelatedBusTxblIncmAmt0-40250
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt013402
IRS990/OccupancyGrp/ProgramServicesAmt070358
IRS990/OccupancyGrp/TotalAmt083760
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022347
IRS990/OfficeExpensesGrp/ProgramServicesAmt0117320
IRS990/OfficeExpensesGrp/TotalAmt0139667
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08510
IRS990/OtherAssetsTotalGrp/EOYAmt079315
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LEASED SERVICES
IRS990/OtherExpensesGrp/Desc1VEHICLE OPERATING
IRS990/OtherExpensesGrp/Desc2OTHER FIXED CHARGES
IRS990/OtherExpensesGrp/Desc3TRANSPORTATION SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0609195
IRS990/OtherExpensesGrp/ProgramServicesAmt03198271
IRS990/OtherExpensesGrp/ProgramServicesAmt11014590
IRS990/OtherExpensesGrp/ProgramServicesAmt294198
IRS990/OtherExpensesGrp/ProgramServicesAmt354025
IRS990/OtherExpensesGrp/TotalAmt03807466
IRS990/OtherExpensesGrp/TotalAmt11014590
IRS990/OtherExpensesGrp/TotalAmt294198
IRS990/OtherExpensesGrp/TotalAmt354025
IRS990/OtherLiabilitiesGrp/BOYAmt0181620
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1812900
IRS990/OtherRevenueMiscGrp/BusinessCd2541800
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE REIMBURSEMT
IRS990/OtherRevenueMiscGrp/Desc1EMISSIONS
IRS990/OtherRevenueMiscGrp/Desc2ADVERTISING SERVICE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0506793
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0506793
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1124814
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt247150
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0124814
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt147150
IRS990/OtherRevenueTotalAmt0678757
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0512015
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0356133
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BRUCE SIMMS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0485000
IRS990/ProgramServiceRevenueGrp/BusinessCd1485000
IRS990/ProgramServiceRevenueGrp/BusinessCd2561499
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACT SERVCIES
IRS990/ProgramServiceRevenueGrp/Desc1PASSENGER FARES
IRS990/ProgramServiceRevenueGrp/Desc2TRANSPORT MANAGEMENT S
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02681168
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt179300
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt224000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02681168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt179300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt224000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03944652
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0193012
IRS990/PYOtherExpensesAmt06097953
IRS990/PYOtherRevenueAmt0226140
IRS990/PYProgramServiceRevenueAmt02313558
IRS990/PYRevenuesLessExpensesAmt0579409
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt06097953
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06677362
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-338004
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt017310
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02881206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02991899
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03944652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06295466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04109526
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt010929365
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt028270908
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt071490
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt071490
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt017310
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt093005
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt098781
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt083501
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0170766
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0463363
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06401807
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0511534
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03903
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt017078
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03199
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt036442
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0572156
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96980
IRS990ScheduleA/PublicSupportPY170Pct00.98080
IRS990ScheduleA/PublicSupportTotal170Amt028342398
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03063389
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03944652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06295466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04109526
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010929365
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt028342398
IRS990ScheduleA/TotalSupportAmt029226017
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0-41251
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt0-40221
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0-17793
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt0-45602
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt0-7033
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0-151900
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt010291471
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02388668
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012680139
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt071490
IRS990ScheduleD/DonatedServicesUseFcltsAmt071490
IRS990ScheduleD/EquipmentGrp/BookValueAmt056716
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0269142
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0325858
IRS990ScheduleD/ExpensesNotReportedAmt071490
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06894607
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02068449
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02068449
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01103194
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03488223
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04591417
IRS990ScheduleD/RevenueNotReportedAmt071490
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06556603
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0VRT IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER IRC 509(C)(3). HOWEVER, VRT IS TAXED ON ALL INCOME FROM UNRELATED BUSINESS ACTIVITIES. VRT BELIEVES ALL OF ITS CURRENT ACTIVITIES AND EVENTS CONTINUE TO MEET THE INCOME TAX EXEMPTION CRITERIA OF THE IRC FOR A NONPROFIT ORGANIZATION. UNDER INTERNAL REVENUE SERVICE AUDIT OF VRT'S ACTIVITIES, A DIFFERING POSITION COULD RESULT IN A POSSIBLE INCOME TAX LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013519830
IRS990ScheduleD/TotalExpensesPerForm990Amt06894607
IRS990ScheduleD/TotalRevenuePerForm990Amt06556603
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06628093
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06966097
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017605
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt022346
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt022346
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt022346
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt022346
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt04741
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt017605
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017605
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0126098
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,735,933
Liabilities
$1,324,432
Net assets
$14,411,501
Revenue
$6,556,603
Expenses
$6,894,607
Net income
-$338,004
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.8$1.53$14.3$13.5$10.2$3.30
2023Detailed filing. Detailed filing data is available for this year.$11.7$0.66$11.0$9.34$9.02$0.32
2022Detailed filing. Detailed filing data is available for this year.$11.2$0.46$10.7$9.67$8.31$1.36
2021Detailed filing. Detailed filing data is available for this year.$16.4$0.72$15.7$8.23$7.30$0.94
2020Detailed filing. Detailed filing data is available for this year.$15.6$0.90$14.7$7.45$7.26$0.19
2019Detailed filing. Detailed filing data is available for this year.$15.7$1.17$14.5$7.41$7.29$0.12
2018Detailed filing. Detailed filing data is available for this year.$15.7$1.32$14.4$6.56$6.89$0.34
2017Detailed filing. Detailed filing data is available for this year.$16.3$1.60$14.7$6.68$6.10$0.58
2016Detailed filing. Detailed filing data is available for this year.$19.2$0.89$18.3$6.88$6.58$0.30
2015Summary only. Only limited summary data is available for this year.$19.1$1.08$18.0$4.70$5.59$0.89
2014Detailed filing. Detailed filing data is available for this year.$20.5$1.60$18.9$11.8$11.9$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.3$2.29$19.0$13.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.9$2.61$19.2$12.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$2.75$16.1$11.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$2.06$12.2$10.9