Civic Intelligence

Vtc Enterprises

990 • Fiscal year 2014 • EIN 95-2690539

Jul 01, 2013 to Jun 30, 2014 • Filed on Mar 05, 2015

2445 A Street93454

(805) 928-5000

Siviq Scores

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

Liabilities / Assets

40th percentile

0.15x

Higher debt load relative to assets than 40% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

44th percentile

0.20x

Higher debt load relative to revenue than 44% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

53rd percentile

3.6%

Higher net margin than 53% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

24th percentile

$104,378

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

52nd percentile

3.9%

Faster asset growth than 52% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$13,834,887

Up $514,800 (+3.9%) from 2013

Net Assets

Up

$11,717,234

Up $387,279 (+3.4%) from 2013

Liabilities

Up

$2,117,653

Up $127,521 (+6.4%) from 2013

Revenue

$10,684,468

No earlier filing loaded for comparison.

Expenses

Up

$10,304,134

Up $4,045 (+0.0%) from 2013

Net Income

$380,334

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $10,194,874Liabilities 2010: $1,167,746Net Assets 2010: $9,027,1282010Assets 2011: $11,603,198Liabilities 2011: $1,747,237Net Assets 2011: $9,855,9612011Assets 2012: $12,890,635Liabilities 2012: $2,243,390Net Assets 2012: $10,647,2452012Assets 2013: $13,320,087Liabilities 2013: $1,990,132Net Assets 2013: $11,329,9552013Assets 2014: $13,834,887Liabilities 2014: $2,117,653Net Assets 2014: $11,717,2342014Assets 2015: $14,249,862Liabilities 2015: $2,095,259Net Assets 2015: $12,154,6032015Assets 2016: $14,268,537Liabilities 2016: $1,970,319Net Assets 2016: $12,298,2182016Assets 2017: $13,735,858Liabilities 2017: $1,653,451Net Assets 2017: $12,082,4072017Assets 2018: $13,813,193Liabilities 2018: $2,006,187Net Assets 2018: $11,807,0062018Assets 2019: $13,768,898Liabilities 2019: $1,734,377Net Assets 2019: $12,034,5212019Assets 2020: $15,502,669Liabilities 2020: $3,532,497Net Assets 2020: $11,970,1722020Assets 2021: $16,778,969Liabilities 2021: $1,818,124Net Assets 2021: $14,960,8452021Assets 2022: $14,919,120Liabilities 2022: $1,469,873Net Assets 2022: $13,449,2472022Assets 2023: $15,455,088Liabilities 2023: $1,238,995Net Assets 2023: $14,216,0932023Assets 2024: $16,180,361Liabilities 2024: $1,603,164Net Assets 2024: $14,577,1972024

Highlighted filing

2014

Assets$13,834,887
Liabilities$2,117,653
Net Assets$11,717,234

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,481,4002010Expenses 2011: $10,388,5582011Expenses 2012: $10,763,9822012Expenses 2013: $10,300,0892013Revenue 2014: $10,684,468Expenses 2014: $10,304,134Net Income 2014: $380,3342014Revenue 2015: $11,255,028Expenses 2015: $10,788,038Net Income 2015: $466,9902015Revenue 2016: $11,391,806Expenses 2016: $11,240,388Net Income 2016: $151,4182016Revenue 2017: $11,130,931Expenses 2017: $11,143,842Net Income 2017: -$12,9112017Revenue 2018: $10,719,349Expenses 2018: $10,944,853Net Income 2018: -$225,5042018Revenue 2019: $10,418,138Expenses 2019: $10,226,628Net Income 2019: $191,5102019Revenue 2020: $10,808,354Expenses 2020: $10,948,942Net Income 2020: -$140,5882020Revenue 2021: $13,019,852Expenses 2021: $10,812,066Net Income 2021: $2,207,7862021Revenue 2022: $11,441,559Expenses 2022: $11,088,728Net Income 2022: $352,8312022Revenue 2023: $11,384,419Expenses 2023: $11,491,424Net Income 2023: -$107,0052023Revenue 2024: $12,572,511Expenses 2024: $12,772,239Net Income 2024: -$199,7282024

Highlighted filing

2014

Revenue$10,684,468
Expenses$10,304,134
Net Income$380,334
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Mar 5, 2015
Return Version
2013v4.0
Gross Receipts
$11,260,648
Mission and Program Overview

Mission

Rehabilitation, vocational, employment and advocacy services to adults with developmental disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,563,998$5,487,517▼ $76,481
Savings and Temporary Cash Investments$2,279,850$2,532,393▲ $252,543
Accounts Receivable$1,145,493$1,186,393▲ $40,900
Investments in Publicly Traded Securities$681,500$730,651▲ $49,151
Pledges and Grants Receivable$510,009$562,933▲ $52,924
Prepaid Expenses and Deferred Charges$251,218$271,240▲ $20,022
Inventories for Sale or Use$26,929$31,463▲ $4,534
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$13,320,087$13,834,887▲ $514,800
Other Assets Total$2,861,090$3,032,297▲ $171,207
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,170,903$1,120,914▼ $49,989
Accounts Payable and Accrued Expenses$800,479$977,989▲ $177,510
Other Liabilities$18,750$18,750→ $0
Total Liabilities$1,990,132$2,117,653▲ $127,521
Net Assets / Fund Balance
Unrestricted Net Assets$10,819,946$11,154,301▲ $334,355
Temporarily Rstr Net Assets$510,009$562,933▲ $52,924
Total Net Assets Fund Balance$11,329,955$11,717,234▲ $387,279
Total Liabilities and Net Assets / Fund Balance$13,320,087$13,834,887▲ $514,800

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,699,656-$5,699,656
Equipment$2,179,980-$2,179,980
Land$21,811-$21,811
Other Land Buildings$-2,413,930$2,413,930-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason TelanderCEOFT$102,608$1,770$104,378

Board Members and Trustees

NameTitle
Henry GrennanPast President
Polly HufferPresident
Emilie Koff-martinVice President
Kathy FargenVice President
Gustavo GuarreraDirector
JAMES O'NEILDirector
Janet SilveriaDirector
Lynn ConklinDirector
Rose KinyonDirector
Cole KinneySecretary
David KulinskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$389,636
Program Service Revenue
$10,154,493
Investment Income
$124,051
Other Revenue
$16,288
All Other Contributions
$115,918
Change in Net Assets
$380,334

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,684,468
Revenue Not Reported on Form 990
$7,949
Total Revenue per Audited Statements
$10,692,417
Total Revenue per Form 990
$10,684,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,688,668
Other Expenses$2,615,466
Total Fundraising Expense$55,083
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,594,207$554,438-$6,148,645
Office Expenses$905,176$64,234$55,083$1,024,493
Payroll Taxes$939,328$38,149-$977,477
Other Employee Benefits$399,361$43,470-$442,831
Fees for Services Other$390,367$2,076-$392,443
Occupancy$306,032$71,156-$377,188
Depreciation Depletion$320,999$30,402-$351,401
Pension Plan Contributions$112,837$6,878-$119,715
Insurance$95,670$19,720-$115,390
Fees for Services Legal$56,058$21,624-$77,682
Advertising$12,286$43,496-$55,782
Travel$44,467$7,500-$51,967
Interest$44,965--$44,965
Information Technology$41,759$3,145-$44,904
Fees for Services Accounting$7,580$14,000-$21,580
Other Expenses$5,067$52,604-$5,067
Total Functional Expenses$9,276,159$972,892$55,083$10,304,134

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,305,138
Expenses per Audited Statements$10,304,134
Total Expenses per Form 990$10,304,134
Expenses Not Reported on Form 990$1,004
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$18,750
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, Line 11B: Form 990 Review Process

All board members will receive a draft of the irs form 990 prior to filing. All board members will have an opportunity to comment on the form prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Policy is reviewed annually with members of the board

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Personnel committee reviews comparability wage studies and provides recommendation of compensation to the full board for review and approval.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Personnel committee reviews comparability wage studies and provides recommendation of compensation to the full board for review and approval.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

UPON REQUEST

Filing and Contact Details

Filer

EIN
95-2690539
Phone
8059285000

Signing Officer

Name
Jason Telander
Title
CEO
Signed
2015-03-05
Discuss with paid preparer
Yes

Organization Details

Formed
1962
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
399
Volunteers
10

Preparer

Preparer
Brad Stoltey CPA
Phone
8056895880
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IRS990/Desc0In 1961 a group of Santa Maria Valley parents organized to obtain services for their adult children with intellectual disabilities, (in those days called mental retardation.) The resulting Santa Maria Association for the Retarded was incorporated in 1962 and provided life skills training, first in a small house and later in a former utilities building in Santa Maria. With 1969 came the purchase of 5 acres on "A" Street in Santa Maria and a new name, North Santa Barbara County Rehabilitation Center. By 1980 services had evolved to embrace increased employment opportunities for people with disabilities, and we became Vocational Training Center. In the 1990s we began offering employment services to people with mental illness, and in the early 2000s to those who are deaf/hearing impaired or blind/visually impaired. By 2001, we were no longer a center-based organization, instead operating many "enterprising" community-based programs and business operations throughout the Central Coast. Thus, since most of the community knew us by the acronym "VTC" anyway, our corporate name was changed to VTC Enterprises.The mission of VTC Enterprises is to assist youth and adults with disabilities or other limitations in choosing and achieving their life goals. With a paid staff of 144, we serve in an average month 335 individuals at the home office in Santa Maria, in the Communities of Santa Maria, Lompoc, Southern San Luis Obispo County, at our Lompoc program, our Vandenberg Air force Base Programs, and at the Ventura Naval Bases. VTC Enterprises is accredited by CARF International, the independent, nonprofit accreditor of health and human services. For over 30 years, VTC has received the highest possible award, a 3 year accreditation. VTC has also been awarded Santa Maria Industry Education Council Award for Continuous Community Support - 2012, Santa Maria Chamber of Commerce Citizen of the Year - 2011-12, Recipient of Certificate of Achievement for outstanding performance on AbilityOne contracts for eleven consecutive years, Awarded Third Place Award by NISH in nationwide 2008-09 National Scholar Award for Workplace Innovation and Design, Awarded First Place Award by NISH in nationwide 2007-08 National Scholar Award for Workplace Innovation and Design, City of Santa Maria Award of Excellence for Community Development Block Grant recipients - 2006-07, Selected 2006 "Small Business of the Year" in the 33rd Assembly District by Assembly member Sam Blakeslee, and 1990 Community Based Organization of the Year by the Department of Rehabilitation - Santa Barbara District. VTC has also been granted a Service Award by the Commission for Women and is proud to be the winner of the Best of Northern Santa Barbara County's "Best Community Nonprofit" in 2012. VTC Enterprises uses a person centered approach in the provision of services. The service recipient designs their own goals and objectives through this planning process with the support of their team. Services include Employment, Employment Preparation, Supported Employment, Work Adjustment, Integrated Work, and Quality Life Services. Additionally we serve seniors who have recently lost vision, in their home to help them to learn how to live life with low or no vision. We serve people with developmental disabilities, autism spectrum disorders, epilepsy, mental illness, communication disabilities, sensory disabilities, deafness, neurological disabilities and many more. Our programs strive towards being the most innovative, distinctive, and continually move forward. We serve people who range from needing full support to living independently.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0905176
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IRS990/OtherAssetsTotalGrp/EOYAmt03032297
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0112837
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.2$1.60$14.6$12.6$12.8$0.20
2023Detailed filing. Detailed filing data is available for this year.$15.5$1.24$14.2$11.4$11.5$0.11
2022Detailed filing. Detailed filing data is available for this year.$14.9$1.47$13.4$11.4$11.1$0.35
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$1.82$15.0$13.0$10.8$2.21
2020Detailed filing. Detailed filing data is available for this year.$15.5$3.53$12.0$10.8$10.9$0.14
2019Detailed filing. Detailed filing data is available for this year.$13.8$1.73$12.0$10.4$10.2$0.19
2018Detailed filing. Detailed filing data is available for this year.$13.8$2.01$11.8$10.7$10.9$0.23
2017Detailed filing. Detailed filing data is available for this year.$13.7$1.65$12.1$11.1$11.1$0.01
2016Detailed filing. Detailed filing data is available for this year.$14.3$1.97$12.3$11.4$11.2$0.15
2015Detailed filing. Detailed filing data is available for this year.$14.2$2.10$12.2$11.3$10.8$0.47
2014Detailed filing. Detailed filing data is available for this year.$13.8$2.12$11.7$10.7$10.3$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$1.99$11.3$10.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$2.24$10.6$10.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$1.75$9.86$10.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$1.17$9.03$9.48