Form 990 for tax year 2025
Filed by VOCATIONAL DEVELOPMENT FOUNDATION.
Totals
- Total revenue
- $40,574,116
- Total expenses
- $19,539,231
- Contributions and grants received
- $25,000,000
- Grants paid
- $18,300,000
- Program service revenue
- $0
- Investment income
- $15,384,255
- Other revenue
- $189,861
- Total assets, end of year
- $381,064,859
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $381,064,859
- Program services expenses (Part IX)
- $18,300,000
- Management and general expenses
- $1,239,231
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $18,300,000
Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
MELINDA KACAL
TREAS/TT
- Total calculated
- $0
- Hours/week
- 1
-
KARL KOCH
SEC/TT
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL M MILLER
PRES/TT
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS C YOUNG
CHAIRMAN/TT
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$18,300,000
VOCATIONAL REHAB
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 15 August 2026
- IRS schema version
- 2025v4.0
- Source object
- 202601899349300345
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