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Nonprofiteer
← VALLEY ECONOMIC DEVELOPMENT PARTNERS INC

Form 990 for tax year 2025

Filed by VALLEY ECONOMIC DEVELOPMENT PARTNERS INC.

Totals

Total revenue
$4,298,391
Total expenses
$2,110,313
Contributions and grants received
$1,878,426
Grants paid
$784,171
Program service revenue
$2,079,417
Investment income
$225,187
Other revenue
$115,361
Total assets, end of year
$47,179,581
Total liabilities, end of year
$9,793,539
Net assets or fund balances, end of year
$37,386,042
Program services expenses (Part IX)
$1,807,213
Management and general expenses
$303,100
Fundraising expenses
$0
Program service expenses (Part III)
$1,807,213

Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JULIE MICHAEL SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • JOSH TOOT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • STEPHANIE GILCHRIST

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • VITO ABRUZZINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • DERRICK MCDOWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • DIANE RICHARDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • SAMUEL HUSTON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • GIOVANI MERLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • LYNETTE SUTTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • MICHAEL KEYS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • THOMAS STABI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • BEN DIGIROLAMO

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • SARRA MOHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • BOB CALVERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • MELANIE CANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • WILEY RUNNESTRAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • TYLER WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • TERESA MILLER

    EXECUTIVE DIRECTOR

    Total calculated
    $155,025
    From this org
    $135,063
    From related orgs
    $0
    Other
    $19,962
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $135,063
    Bonus
    $0
    Other
    $0
    Deferred
    $10,185
    Nontaxable benefits
    $9,777
    Filer's total
    $155,025

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • VARIOUS

    $784,171

    GRANT CLASS PROGRAM

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202622179349300107

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