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← VALLEY SENIOR LIVING FOUNDATION

Form 990 for tax year 2023

Filed by VALLEY SENIOR LIVING FOUNDATION.

Totals

Total revenue
$722,974
Total expenses
$400,232
Contributions and grants received
$702,863
Grants paid
$171,629
Program service revenue
$0
Investment income
$1,023
Other revenue
$19,088
Total assets, end of year
$4,410,021
Total liabilities, end of year
$83,203
Net assets or fund balances, end of year
$4,326,818
Program services expenses (Part IX)
$265,221
Management and general expenses
$45,335
Fundraising expenses
$89,676
Program service expenses (Part III)
$265,221

Program services were 66.3% 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

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $702,863

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $1,023 · related or exempt $1,023 · unrelated business $0 · excluded $0

  • 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

    $65,951

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

    $0

  • 8b · Fundraising events: direct expenses

    $47,821

  • 8c · Net income from fundraising events

    total $18,130 · unrelated business $0 · excluded $18,130

  • 11d · All other revenue

    total $958 · related or exempt $958 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $958

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $171,629 · program services $171,629

  • 5 · Compensation of officers, directors and key employees

    total $138,579 · program services $64,088 · management and general $20,973 · fundraising $53,518

  • 7 · Other salaries and wages

    total $53,713 · program services $24,841 · management and general $8,129 · fundraising $20,743

  • 11c · Fees: accounting

    total $1,433 · program services $0 · management and general $1,433 · fundraising $0

  • 12 · Advertising and promotion

    total $4,080 · program services $0 · management and general $0 · fundraising $4,080

  • 13 · Office expenses

    total $1,463 · program services $678 · management and general $258 · fundraising $527

  • 19 · Conferences, conventions and meetings

    total $1,319 · program services $1,319 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,860 · program services $310 · management and general $1,550 · fundraising $0

  • 24a · Other expenses: Donor Expense

    total $4,964 · program services $0 · management and general $0 · fundraising $4,964

  • 24b · Other expenses: Dues and Membership

    total $10,415 · program services $0 · management and general $10,415 · fundraising $0

  • 24c · Other expenses: Printing, Publications & Postage

    total $8,823 · program services $2,356 · management and general $623 · fundraising $5,844

  • 24e · All other expenses

    total $1,954 · program services $0 · management and general $1,954 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $293,387 · end of year $255,403

  • 4 · Accounts receivable

    end of year $76,593

  • 9 · Prepaid expenses and deferred charges

    end of year $5,783

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

    $37,441

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

    $30,906

  • 10c · Land, buildings and equipment, net

    beginning of year $8,395 · end of year $6,535

  • 11 · Investments: publicly traded securities

    beginning of year $3,342,927 · end of year $4,042,719

  • 13 · Investments: program-related

    beginning of year $22,030 · end of year $22,988

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,547 · end of year $46,031

  • 19 · Deferred revenue

    beginning of year $22,477 · end of year $37,172

  • 27 · Net assets without donor restrictions

    beginning of year $1,608,035 · end of year $1,804,989

  • 28 · Net assets with donor restrictions

    beginning of year $1,988,680 · end of year $2,521,829

Mission and programs · 2023

Mission

The purpose of Valley Senior Living Foundation is to seek and accept philanthropic gifts to perpetuate an endowment fund and to support services that enhance the care of the residents of Valley Senior Living.

  • We identified a need to enhance the outdoor living space at Tufte Manor . Proceeds from a Myra Foundation grant were utilized for these projects. The project funds were used for landscaping and patio.

    Expenses $30,000 · Revenue $30,000

  • We identified a need to replace commercial over at Tufte Manor. Proceeds from the Walter and Barbara Pedersen Lutheran Foundation to purchase the oven.

    Expenses $15,000 · Revenue $15,000

  • We identified a need for spiritual care when the first Valley Senior Living facility opened 100 years ago. We believe spiritual care is important in the lives of our residents. These funds were used to help continue the chaplaincy program for all residents, family and staff. Valley Senior Living employee two full-time chaplains and also has two flex chaplains.

    Expenses $9,749 · Revenue $9,749

  • Other program services included funding a number of items and programs that enhance the quality of life for the residents. Records are maintained to track designation of use by donor for a specific facility and/or program.

    Expenses $210,472 · Revenue $210,472

As filed on the 2023 return.

Listed in Part VII

  • Garth Rydland

    President/CEO Valley Senior Living

    Total calculated
    $306,165
    From this org
    $0
    From related orgs
    $284,405
    Other
    $21,760
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,655 related
    Bonus
    $0 + $18,750 related
    Other
    $0
    Deferred
    $0 + $12,075 related
    Nontaxable benefits
    $0 + $9,685 related
    Filer's total
    $0 + $306,165 related

  • Gina Roller

    Administrator Valley Senior Living on 42nd

    Total calculated
    $208,384
    From this org
    $0
    From related orgs
    $187,624
    Other
    $20,760
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,624 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $11,097 related
    Nontaxable benefits
    $0 + $9,663 related
    Filer's total
    $0 + $208,384 related

  • Lorilee Bott

    CFO

    Total calculated
    $205,839
    From this org
    $0
    From related orgs
    $177,302
    Other
    $28,537
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,552 related
    Bonus
    $0 + $7,750 related
    Other
    $0
    Deferred
    $0 + $11,416 related
    Nontaxable benefits
    $0 + $17,121 related
    Filer's total
    $0 + $205,839 related

  • Adam Edwards

    Chief Human Resource Officer

    Total calculated
    $199,269
    From this org
    $0
    From related orgs
    $164,735
    Other
    $34,534
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,985 related
    Bonus
    $0 + $8,750 related
    Other
    $0
    Deferred
    $0 + $10,765 related
    Nontaxable benefits
    $0 + $23,769 related
    Filer's total
    $0 + $199,269 related

  • Jessica Baumgarten

    Director of Nursing Valley Senior Living on Columbia

    Total calculated
    $182,323
    From this org
    $0
    From related orgs
    $152,389
    Other
    $29,934
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,114 related
    Bonus
    $0 + $9,275 related
    Other
    $0
    Deferred
    $0 + $9,577 related
    Nontaxable benefits
    $0 + $20,357 related
    Filer's total
    $0 + $182,323 related

  • Jennifer Schultz

    Director of Nursing Woodside Village

    Total calculated
    $164,511
    From this org
    $0
    From related orgs
    $141,101
    Other
    $23,410
    Hours/week
    0 + 40 related

  • Angela Goulet

    Tufte Manor Administrator, Dir PCS TM and WT

    Total calculated
    $153,618
    From this org
    $0
    From related orgs
    $121,824
    Other
    $31,794
    Hours/week
    0 + 40 related

  • Shaun Havis

    President Valley Senior Living Foundation

    Total calculated
    $115,714
    From this org
    $86,581
    From related orgs
    $0
    Other
    $29,133
    Hours/week
    40

  • Carol Svendson

    Chairperson

    Total calculated
    $0
    Hours/week
    0

  • Bruce Vaaler

    Vice Chairperson

    Total calculated
    $0
    Hours/week
    0

  • Scott Berge

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Megan Flom

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Brittany Caillier

    Director

    Total calculated
    $0
    Hours/week
    0

  • Monica Musich

    Director

    Total calculated
    $0
    Hours/week
    0

  • Kathleen Meagher

    Director

    Total calculated
    $0
    Hours/week
    0

  • Margaret Reed

    Ex Officio

    Total calculated
    $0
    Hours/week
    0

  • Dwight Thompson

    Ex Officio

    Total calculated
    $0
    Hours/week
    0

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 4
Valley Senior Living, a related organizaiton, participates in a 457B plan.

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

No itemized grants to organizations on this return.

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
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202423189349308727

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

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