Mission
We empower our employees to support older adults in achieving fulfilling lifestyles, while maintaining responsible stewardship of our resources. Our five core values are: Caring, Respect, Collaboration, Innovation, and Stewardship.
Public Charity
Governmental and Educational Assistance Corporation
Governmental and Educational Assistance Corporation is a nonprofit organization categorized as Public Charity based in Champlin, MN. Its most recent IRS filing (2025) reports revenue of $59.0M, expenses of $54.3M, total assets of $108.0M.
EIN: 621691489
Champlin, MN
Housing Development, Construction & Management
NTEE: L20
Latest filing: 2025
Total Revenue$59.0M
Total Expenses$54.3M
Total Assets$108.0M
Grant Records0
Filing Years2021–2025
Where $100 goes at Governmental and Educational Assistance Corporation
How Governmental and Educational Assistance Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$81
Programs
the work itself
$19
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $81 for programs
$81
In FY2025, VPC served over 1,000 residents and employed a staff of over 750
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
COO
Anna Petersmeyer
Vice Chair
Denice Jasper
CFO
Dewey Pettit
CEO
James E Bettendorf
Secretary
Jean Bey
Regional Director
Jennie Marcus
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $59.0M | $54.3M | $108.0M |
| 2024 | $46.2M | $43.7M | $91.3M |
| 2023 | $38.7M | $36.6M | $70.4M |
| 2022 | $37.2M | $34.3M | $73.3M |
| 2021 | $32.8M | $30.0M | $65.6M |
Between 2021 and 2025, reported annual revenue grew from $32.8M to $59.0M (+80%), with total assets most recently reported at $108.0M.
Interactive year-over-year charts and full filing details available with membership.