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Nonprofiteer
← THE HAPPY VALLEY ADVENTURE BUREAU

Form 990 for tax year 2022

Filed by THE HAPPY VALLEY ADVENTURE BUREAU.

Totals

Total revenue
$5,016,257
Total expenses
$4,876,314
Contributions and grants received
$0
Grants paid
$1,488,950
Program service revenue
$4,996,392
Investment income
$19,865
Other revenue
$0
Total assets, end of year
$3,189,865
Total liabilities, end of year
$3,322,854
Net assets or fund balances, end of year
-$132,989
Program services expenses (Part IX)
$3,946,545
Management and general expenses
$929,769
Fundraising expenses
$0
Program service expenses (Part III)
$3,946,545

Program services were 80.9% 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.

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $4,959,844 · related or exempt $4,959,844

  • 2b · Program service revenue: MEMBER DUES

    total $36,548 · related or exempt $36,548

  • 3 · Investment income

    total $19,865 · related or exempt $19,865

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,488,950 · program services $1,488,950

  • 5 · Compensation of officers, directors and key employees

    total $170,000 · management and general $170,000

  • 7 · Other salaries and wages

    total $729,550 · program services $539,687 · management and general $189,863

  • 8 · Pension plan contributions

    total $19,180 · program services $7,633 · management and general $11,547

  • 9 · Other employee benefits

    total $109,553 · program services $57,431 · management and general $52,122

  • 10 · Payroll taxes

    total $78,244 · program services $46,547 · management and general $31,697

  • 11b · Fees: legal

    total $13,043 · management and general $13,043

  • 11c · Fees: accounting

    total $108,174 · management and general $108,174

  • 11f · Fees: investment management

    total -$126 · management and general -$126

  • 12 · Advertising and promotion

    total $1,674,446 · program services $1,674,446

  • 13 · Office expenses

    total $71,930 · management and general $71,930

  • 14 · Information technology

    total $85,566 · management and general $85,566

  • 16 · Occupancy

    total $127,046 · management and general $127,046

  • 17 · Travel

    total $62,050 · program services $62,050

  • 19 · Conferences, conventions and meetings

    total $21,998 · management and general $21,998

  • 20 · Interest

    total $2,083 · management and general $2,083

  • 22 · Depreciation, depletion and amortization

    total $988 · management and general $988

  • 23 · Insurance

    total $4,331 · management and general $4,331

  • 24a · Other expenses: EVENT EXPENSES

    total $69,801 · program services $69,801

  • 24b · Other expenses: PERSONNEL COSTS

    total $39,334 · management and general $39,334

  • 24c · Other expenses: MISCELLANEOUS

    total $173 · management and general $173

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,175,213 · end of year $1,025,829

  • 4 · Accounts receivable

    beginning of year $694,044 · end of year $975,516

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,776 · end of year $6,100

  • 10a · Land, buildings and equipment: cost or other basis

    $494,790

  • 10b · Land, buildings and equipment: accumulated depreciation

    $167,255

  • 10c · Land, buildings and equipment, net

    beginning of year $7,000 · end of year $327,535

  • 12 · Investments: other securities

    beginning of year $491,634 · end of year $584,885

  • 14 · Intangible assets

    beginning of year $260,000 · end of year $270,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $722,092 · end of year $1,070,618

  • 19 · Deferred revenue

    beginning of year $1,117,497 · end of year $1,252,236

  • 23 · Secured mortgages and notes payable

    beginning of year $200,000 · end of year $200,000

  • 24 · Unsecured notes and loans payable

    beginning of year $950,000 · end of year $800,000

  • 27 · Net assets without donor restrictions

    beginning of year -$357,922 · end of year -$132,989

Mission and programs · 2022

Mission

PROMOTE CENTRE COUNTY AS A PLACE FOR VACATIONS AND CONVENTIONS.

Activities or mission (Part I)

PROMOTE CENTRE COUNTY AS A PLACE FOR SPORTING EVENTS, VACATIONS AND CONVENTIONS.

  • PROMOTE CENTRE COUNTY AS A PLACE FOR SPORTING EVENTS, VACATIONS AND CONVENTIONS.

    Expenses $3,946,545 · Grants $1,488,950

As filed on the 2022 return.

Listed in Part VII

  • JEFF BOWER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DUSTIN MINARCHICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEN BROOKS-STAHL

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE PETERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID CAPPERELLA

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • EDWARD TUBBS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • GREG SCOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE SZCZESNY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VINCE MCDONALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEB NARDONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARIMA YOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN LLOYD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY BRANDEIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM FOUNTAINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE BATTISTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK HIGGINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM BOWSER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SITA FREDERICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FREDERICK SMITH

    PRESIDENT & CEO

    Total calculated
    $190,683
    From this org
    $175,114
    From related orgs
    $0
    Other
    $15,569
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,114
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,114

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

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202411239349300706

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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