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← VALOR PARTNERS FOUNDATION

Form 990 for tax year 2024

Filed by VALOR PARTNERS FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 11 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$860,051 changed to $533,460
Total expenses
$930,430 changed to $110,669
Contributions and grants received
$881,582 changed to $513,810
Grants paid
$750,000 changed to $10,000
Investment income
$8,463 changed to $14,352
Other revenue
-$29,994 changed to $5,298
Total assets, end of year
$801,662 changed to $512,367
Total liabilities, end of year
$750,970 changed to $38,884
Net assets or fund balances, end of year
$50,692 changed to $473,483
Program services expenses
$750,000 changed to $10,000
Management and general expenses
$56,295 changed to $28,818
Fundraising expenses
$124,135 changed to $71,851
Program service expenses (Part III)
$750,000 changed to $10,000

Listed only on the earlier return

  • Stephen D Waldron

Listed only on the later return

  • April Blackmon-Strange
  • Chris Raider
  • Greg Murphy

Listed under a different title

  • David W Cornell: Secretary/Treasurer then Treasurer
  • Jessica Ramirez: Board Member then Secretary

Totals

Total revenue
$860,051
Total expenses
$930,430
Contributions and grants received
$881,582
Grants paid
$750,000
Program service revenue
$0
Investment income
$8,463
Other revenue
-$29,994
Total assets, end of year
$801,662
Total liabilities, end of year
$750,970
Net assets or fund balances, end of year
$50,692
Program services expenses (Part IX)
$750,000
Management and general expenses
$56,295
Fundraising expenses
$124,135
Program service expenses (Part III)
$750,000

Program services were 80.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $103,125

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $778,457

  • 1g · Noncash contributions included above

    $6,922

  • 3 · Investment income

    total $8,463 · related or exempt $0 · unrelated business $0 · excluded $8,463

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $14,000

  • 8a · Fundraising events: contributions included on line 1c

    $103,125

  • 8b · Fundraising events: direct expenses

    $43,994

  • 8c · Net income from fundraising events

    total -$29,994 · unrelated business $0 · excluded -$29,994

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $750,000 · program services $750,000

  • 5 · Compensation of officers, directors and key employees

    total $115,143 · program services $0 · management and general $0 · fundraising $115,143

  • 10 · Payroll taxes

    total $8,992 · program services $0 · management and general $0 · fundraising $8,992

  • 11c · Fees: accounting

    total $4,554 · program services $0 · management and general $4,554 · fundraising $0

  • 11g · Fees: other

    total $7,740 · program services $0 · management and general $7,740 · fundraising $0

  • 12 · Advertising and promotion

    total $30,000 · program services $0 · management and general $30,000 · fundraising $0

  • 13 · Office expenses

    total $3,271 · program services $0 · management and general $3,271 · fundraising $0

  • 14 · Information technology

    total $2,341 · program services $0 · management and general $2,341 · fundraising $0

  • 17 · Travel

    total $2,413 · program services $0 · management and general $2,413 · fundraising $0

  • 23 · Insurance

    total $3,242 · program services $0 · management and general $3,242 · fundraising $0

  • 24a · Other expenses: Development

    total $1,667 · program services $0 · management and general $1,667 · fundraising $0

  • 24b · Other expenses: Miscellaneous

    total $1,067 · program services $0 · management and general $1,067 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $462,045 · end of year $310,653

  • 2 · Savings and temporary cash investments

    end of year $468,509

  • 3 · Pledges and grants receivable

    beginning of year $405,026 · end of year $20,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,000 · end of year $2,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $750,000 · end of year $750,970

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $121,071 · end of year $50,692

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Our mission is to honor veterans and educate their legacy. We do so by raising money for DEA-qualified students and then contributing it to post-secondary institutions that agree to match our donation, administer the scholarship program, and report back to us annually.

  • Provided $750,000 of grants to partner institutions, which matched the funds and distributed scholarships to dependents of 100% disabled or deceased veterans.

    Expenses $750,000 · Grants $750,000

As filed on the 2024 return.

Listed in Part VII

  • Kelli Campbell-Goodnow

    Executive Director

    Total calculated
    $102,000
    From this org
    $102,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alan R Gorthy

    President

    Total calculated
    $0
    Hours/week
    15

  • David W Cornell

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Gregory B Gardner

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jessica Ramirez

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Eric Barnhart

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Austin Brathwait

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Katye Riselli

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Stephen D Waldron

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 April 2025
IRS schema version
2024v5.0
Source object
202521009349300842

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