BBB Wise Giving Report for
Volunteers of America

BBB Wise Giving Report issued July 2008
BBB Wise Giving Report expires February 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Volunteers of America
Address: 1660 Duke Street
  Alexandria, VA 22314
Phone: 703-341-5000
Web Address: www.volunteersofamerica.org
Back To Top

BBB Wise Giving Alliance Comments

Year, State Incorporated: 1896, New York
Affiliates: 38 affiliates

Stated Purpose: "to reach and uplift all people and bring them to the knowledge and active service of God by serving people and communities in need and creating opportunities for people to experience the joy of serving others."

Back To Top

Evaluation Conclusions

               

Volunteers of America (VOA) meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

VOA is a spiritually based organization providing local human service programs through its 38 affiliate organizations. VOA (the National Organization) evaluates the programs of its affiliates, collects and reviews national data and trends regarding the types of services being provided, and looks at potential needs for new program initiatives. It prepares and distributes training support materials, publications, and public service announcements; organizes seminars; and oversees development of enterprises established to generate funding for program operations. VOA also assists its affiliates with matters ranging from spiritual leadership, human resource management, communications, and board development to salary administration planning and tax and legal issues ralated to fund raising.

For the fiscal year ended June 30, 2007, VOA's program expenses were:

  
Fostering independence 114,114,000
Promoting self sufficiency 36,830,000
Total Program Expenses: $150,944,000
Back To Top

Governance

               

Chief Executive : Charles W. Gould, President and CEO
Compensation*:
 $319,345

Chair of the Board: C. David Kikumoto
Chair's Profession / Business Affiliation: Denver Management Advisors

Board Size: 28

Paid Staff Size: 133

*July 1, 2006 - June 30, 2007 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

Direct mail, telemarketing, special events, television, radio, grant proposals, Internet appeals, planned giving, and car donations.
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $29,552,000, are donations received as a result of fund raising activities.)
Back To Top

Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top

Financial

               

The following information is based on VOA's audited financial statements (consolidated with local affiliates) for the fiscal year ended June 30, 2007.

Source of Funds  
Program fees 122,767,000
Equity contributions to partnerships 14,144,000
Contributions 12,529,000
Administrative income from local office 8,867,000
Government grants and contracts 8,838,000
Contributions in-kind 8,185,000
Investment income 4,258,000
Other income 3,573,000
Interest and dividends 3,297,000
Rental income (net) 240,000
Majority interest of partnerships -8,295,000
Total Income $178,403,000


chart



Uses of Funds as a % of Total Expenses

Programs: 91%  Fund Raising: Less than 1%  Administrative: 9% 

Total income   $178,403,000
  Program expenses $150,944,000
  Fund raising expenses 767,000
  Administrative expenses 15,827,000
 
Total expenses   $167,538,000
Income in Excess of Expenses   10,865,000
Beginning net assets   55,993,000
Ending net assets   66,858,000
Total liabilities   263,426,000
Total assets   $330,284,000


Back To Top

Financial - Volunteers of America National Organization Only

               

The following information is based on VOA's audited financial statements for the fiscal year ended June 30, 2007.  This summary includes only the revenue and expenses of Volunteers of America, Inc. and does not include affiliate information.

Total Income:  $27,680,000

Program Expenses:  $21,183,000

Fund Raising Expenses:  $18,000

Administrative Expenses:  $4,511,000

Total Expenses:  $25,712,000

 

Programs:  82%    Fund Raising:  Less than 1%    Administrative:  18%

 

Income in Excess of Expenses:  $1,968,000

Total Liabilities:  $10,011,000

Total Assets:  $48,226,000

Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:



What is an Accredited Charity