Overview
What is Vector Industries Inc?
Vector Industries Inc, based in Waynesboro, Virginia, is a nonprofit organization that focuses on empowering individuals with diverse disabilities. With a team of 70 dedicated employees, their mission is to provide employment and training opportunities, enabling these individuals to achieve their full potential as productive members of their communities. By doing so, they contribute positively to society and lead fulfilling lives.
Official website here: www.vectorindustries.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Vector Industries Inc has received a commendable Four-Star rating from Charity Navigator, signifying strong performance in accountability and financial management. With a score of 92% in this category, the organization showcases a fully independent board and a robust framework for oversight, including an Audit and Oversight Committee that scored perfectly. Furthermore, their financial health is evident with a solid liabilities to assets ratio of 12.03%, demonstrating effective asset management.
The nonprofit demonstrates a high commitment to transparency and governance. It maintains an independent board comprised entirely of members who are not affiliated with the organization. Additionally, it practices essential policies, including conflict of interest and whistleblower protections, ensuring ethical operations. The organization also clearly documents board meeting minutes, further promoting accountability.
Despite these strengths, there are no noted limitations in the data provided, indicating that Vector Industries Inc operates effectively within its mission and financial responsibilities. With a significant program expense ratio of 84.31%, the majority of its funds are directed towards its programs, reflecting a strong commitment to fulfilling its charitable purpose.
This AI summary has been generated from information found on Charity Navigator.
Is Vector Industries Inc legitimate?
Vector Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vector Industries 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: $122,621
Professional Fundraising Fees: $0
Other Salaries and Wages: $810,819
For more financial information, click here
Official website here: www.vectorindustries.org
What is the mission statement of Vector Industries Inc?
Vector Industries Inc's mission is centered around employing and training individuals with diverse disabilities, aiming to help them reach their full potential as productive members of their communities. The organization's activities are geared towards enabling these individuals to integrate into society and lead fulfilling, independent lives. By providing them with job opportunities and necessary skills training, Vector Industries Inc empowers these individuals to contribute positively to their communities, thereby fostering inclusivity and equality.
Official website here: www.vectorindustries.org
Who is the CEO of Vector Industries Inc?
Christine Johnston is the CEO of Vector Industries Inc The CEO's salary of Vector Industries Inc is $120,746 and their total compensation is $122,621.
Official website here: www.vectorindustries.org
What is the revenue of Vector Industries Inc?
Vector Industries Inc's revenue in 2023 was $1,289,371.
Official website here: www.vectorindustries.org
Who are the executives of Vector Industries Inc and what are their salaries?
The average compensation at Vector Industries Inc during 2023 was $15,821. There are 59 employees at Vector Industries Inc.
Here are 7 key members and their salaries (Vector Industries Inc's CEO's salary is $120,746 and their total compensation is $122,621):
- Compensation: $120,746
- Related: $0
- Other: $1,875
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vectorindustries.org
Where can I find the form 990 for Vector Industries Inc?
Vector Industries 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 Inc
Vector Industries Inc, as a mission-driven organization, is committed to employing and training individuals with diverse disabilities. Their goal is to empower these individuals, enabling them to reach their full potential as productive members of their communities. By providing them with meaningful employment opportunities and comprehensive training programs, Vector Industries Inc aims to foster their growth and integration into society. The organization's mission is rooted in the belief that every individual, regardless of their abilities, has the potential to contribute positively to their community. By equipping them with the necessary skills and support, Vector Industries Inc is playing a crucial role in fostering a more inclusive and equitable society.
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Impact
July, 2024
Vector Industries Inc's impact lies in its commitment to empowering individuals with diverse disabilities to reach their full potential as productive community members. Through its employment and training programs, Vector Industries Inc is creating opportunities for these individuals to contribute meaningfully to society and gain valuable skills for personal and professional growth. By focusing on inclusion and skill development, Vector Industries Inc is not only changing the lives of those it serves but also promoting a more diverse and equitable community.
This information is meant to be a general summary of Vector Industries 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $554
- Program Service Revenue: $1,190,525
- Gross Receipts: $1,299,462
Assets and Liabilities:
- Total Assets: $1,005,222
- Total Liabilities: $120,972
- Net Assets: $884,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTED SERVICES REVEN
Revenue
$1,190,525
Organization Details
Founding Year
1969
Principal Officer
Rob Wade
Website
www.vectorindustries.orgNTEE Category
Code: J330 - Employment
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