A VOR approach gives you accurate guidance by following specific VOR radials. Unlike an Instrument Landing System (ILS), a VOR approach only provides horizontal guidance.
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The VOR is indicating that the aircraft is on the 360° course (north) to the VOR station (i.e. the aircraft is south of the VOR station). If the To/From indicator were showing "From" it would mean the aircraft was on the 360° radial from the VOR station (i.e. the aircraft is north of the VOR).
Most VORs have distance measuring equipment (DME) or tactical air navigation equipment (TACAN) installed within the VOR station. When a VOR is collocated with DME, it's labeled as "VOR-DME." On the other hand, when a VOR is collocated with a TACAN, it's called a VORTAC.