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Vector Industries Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 453716911 ✦ Waynesboro, VA ✦ Designated as a 501(c)(3)

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Overview

What is Vector Industries Foundation Inc?

Vector Industries Foundation Inc, based in Waynesboro, Virginia, was established with a primary objective. This objective involves providing long-term financial support to Vector Industries, Inc., an organization that specializes in offering vocational training and employment opportunities to around 100 individuals with disabilities. The foundation's mission is deeply rooted in empowering this specific group, contributing to their personal growth and independence.


Official website here: www.vectorindustries.org

Is Vector Industries Foundation Inc legitimate?

Vector Industries Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vector Industries Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.vectorindustries.org

What is the mission statement of Vector Industries Foundation Inc?

The Vector Industries Foundation was established to cater to the long-term financial requirements of Vector Industries, Inc. This company, in turn, provides vocational training and employment opportunities to around 100 individuals with disabilities. The mission of the Vector Industries Foundation, thus, revolves around supporting the parent company's efforts in empowering individuals with disabilities through employment and skill development. By doing so, the foundation contributes to their independence and overall well-being.


Official website here: www.vectorindustries.org

What is the revenue of Vector Industries Foundation Inc?

Vector Industries Foundation Inc's revenue in 2023 was $115,118.


Official website here: www.vectorindustries.org

Who are the executives of Vector Industries Foundation Inc and what are their salaries?

Here are 5 key members and their salaries:


Richard Baldwin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kodi Frye (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Hausrath (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Wade Jr (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyler Hoffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vectorindustries.org

Where can I find the form 990 for Vector Industries Foundation Inc?

Vector Industries Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.vectorindustries.org

Learn more at the official website: www.vectorindustries.org

Mission Statement of Vector Industries Foundation Inc

Vector Industries Foundation's mission, established with the long-term capital needs of Vector Industries, Inc. in mind, is centered around providing training and employment opportunities for approximately 100 individuals with disabilities. This mission-driven organization is dedicated to empowering these individuals, enabling them to contribute and thrive in a work environment. By offering comprehensive training programs, Vector Industries Foundation contributes to the personal and professional growth of the individuals it serves, thereby promoting their independence and self-sufficiency.

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Impact




October, 2024

Vector Industries Foundation Inc significantly impacts the community by facilitating the employment and training of approximately 100 disabled individuals in Waynesboro, VA. By ensuring the long-term capital needs of Vector Industries, it creates an environment where individuals with disabilities can develop skills and gain meaningful work experience. This support not only fosters independence among participants but also enhances their contributions to the workforce, promoting inclusivity and diversity in employment. The foundation's commitment to empowering disabled individuals plays a crucial role in improving their quality of life and integrating them into the broader community.




This information is meant to be a general summary of Vector Industries Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$115,118 (2023)
Expenses
$0 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $100,092
  • Gross Receipts: $343,730

Assets and Liabilities:

  • Total Assets: $3,866,858
  • Total Liabilities: $739,408
  • Net Assets: $3,127,450

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Organization Details

Founding Year

2012

Principal Officer

Robert Wade Jr

NTEE Category

Code: J11 - Employment

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