Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $1,507,275 · related or exempt $1,507,275 · unrelated business $0 · excluded $0

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 5 · Royalties

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $308,283 · management and general $100,000 · fundraising $208,283

• 6 · Compensation of disqualified persons

  total $360,269 · management and general $360,269

• 8 · Pension plan contributions

  total $50,073 · management and general $50,073

• 9 · Other employee benefits

  total $99,715 · management and general $15,000 · fundraising $84,715

• 10 · Payroll taxes

  total $44,180 · management and general $28,246 · fundraising $15,934

• 11a · Fees: management

  total $303,119 · fundraising $303,119

• 11e · Fees: professional fundraising services

  total $475,694 · fundraising $475,694

• 13 · Office expenses

  total $2,001 · management and general $2,001

• 14 · Information technology

  total $79,994 · management and general $79,994

• 16 · Occupancy

  total $53,811 · management and general $53,811

• 17 · Travel

  total $1,155 · management and general $1,155

• 19 · Conferences, conventions and meetings

  total $9,447 · management and general $9,447

• 22 · Depreciation, depletion and amortization

  total $5,808 · management and general $5,808

• 23 · Insurance

  total $24,662 · management and general $24,662

• 24a · Other expenses: Postage & Printing

  total $50,853 · program services $0 · management and general $0 · fundraising $50,853

• 24b · Other expenses: Telecommunications

  total $18,162 · program services $0 · management and general $10,000 · fundraising $8,162

• 24c · Other expenses: Equipment Maintenance

  total $2,339 · program services $0 · management and general $2,339 · fundraising $0

• 24e · All other expenses

  total $0

Balance sheet

Part X, book values.

• 4 · Accounts receivable

  beginning of year $18,850

• 9 · Prepaid expenses and deferred charges

  beginning of year $37,221 · end of year $6,047

• 10a · Land, buildings and equipment: cost or other basis

  $12,718

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $18,526 · end of year $12,718

• 12 · Investments: other securities

  beginning of year $12,453,649 · end of year $13,979,775

• 17 · Accounts payable and accrued expenses

  beginning of year $41,290 · end of year $44,931

• 25 · Other liabilities

  beginning of year $7,689,400 · end of year $9,580,641

• 27 · Net assets without donor restrictions

  beginning of year $378,858 · end of year $3,871

• 28 · Net assets with donor restrictions

  beginning of year $4,418,698 · end of year $4,369,097

The filer's explanations (Part III)

Schedule J, Part I, Line 3

An Executive Compensation Review is performed periodically by an outside compensation consulting firm under the direction of VNA's Board of Directors. The firm analyzes VNA's CEO and appointed officers compensation along with key employees of VNF and compares it to organizations of similar size and complexity. The Board of Directors determines CEO and officers compensation based on the report. The last such report was prepared in 2018 by Longenecker and Associates of Houston, Texas.

Schedule J, Part I, Line 4

All key employees are offered the opportunity to defer up to the IRS limit amounts into a 457B Plan. Katherine Krause and Chris Culak elected to defer part of their compensation