Sheltered workshop finances

VIP Industries is a multifaceted not-for-profit organization providing employment, housing and support services for developmentally disabled people in Cape Girardeau and Bollinger counties. The organization has amasssed a large surplus since its creation more than four decades ago. The entities under VIP's umbrella, and their financial status, as of June 30, 2009:Name Revenue Expenses Cash assets

VIP Industries* $3.1 million $2.3 million $7.9 million

Association for Retarded Citizens $763,866 $279,797 $3.2 million

Heartland Industries** $616,693 $551,031 $1.5 million Regency Management Inc. $1.9 million $1.3 million $2.4 million

Regency House/Cape Girardeau $99,657 $117,748 $8,060

Regency Terrace/Cape Girardeau $55,209 $58,693 $3,684

Regency House/Jackson $84,299 $94,234 $7,826

Regency House/Marble Hill $70,796 $95,173 $3,157

Totals $6.7 million $4.8 million $15.1 million

*Corporate name: Cape Girardeau Community Sheltered Workshop Inc.

Corporate name: VIP Vocational Services Inc.

SOURCE: IRS returns

The Cape Girardeau County Sheltered Workshop/Handicapped Facility Board, commonly known as the SB40 Board, funds services for the developmentally disabled. It collects a property tax and buys services under a contract with VIP Industries. The board's financial condition for 2008 was:

Revenue Expenses Surplus Cash assets

$962,023 $804,100 $157,923 $2.7 million

SOURCE: Annual audit