Always Accountable

Transparency is part of our DNA. We document our work meticulously so that we are accountable to our investors, nonprofit partners, key stakeholders, and the community. Our annual audited financial statements and Form 990’s are open to the public.

Revenue Recognition

VPP revenues vary year-to-year based upon the timing of the recognition of multi-year pledge commitments and the fundraising cycle. The full value of pledges are recognized in the year the commitment is executed, while payments are received over the multi-year period.

Expense Distribution

VPP’s expenses consist of direct investments or grants to support the strategic priorities and organizational capacity of the nonprofit organizations in which we invest.   In addition, VPP’s operating costs include a programmatic component which is an integral element of VPP’s unique model.  The VPP team is responsible for all aspects of investment portfolio selection and monitoring, building an engaged community of investors and sharing our lessons and experiences of our model and approach with the field.

At VPP, our commitment to our investment partners goes far beyond financial support. We leverage our in-house expertise and our network of contacts, professional advisors and regional influencers to help our partners achieve success in the following ways:

  • Providing assistance and advice on strategic issues (i.e., regional landscape, organization structure, service model, talent, financial model and expansion);
  • Brokering connections to extended network of consultants, advisors, subject area experts, community stakeholders, institutions and potential funders;
  • Helping navigate local systems – formal and informal – for successful growth into new communities and jurisdictions; and
  • Providing subject matter expertise on specific issues.

The fiscal year table and allocation of expenditures chart below show that VPP’s direct and programmatic costs have averaged 92% over the five-year period with management and general and fundraising expenses at 3% and 5% respectively.


2018 Audit Report

2017 Form 990 | Audit Report

2016 | Form 990Audit Report

2015 | Form 990 | Audit Report

2014Form 990 | Audit Report

2013 | Form 990 | Audit Report

2012 | Form 990 | Audit Report

2011 | Form 990 | Audit Report


If you have any questions regarding the information provided, please contact Chuck Redmond, VP of Finance & Operations at