Form 990 for tax year 2022

Filed by MON VALLEY ALLIANCE.

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. 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: $218,402 changed to $471,469
Total expenses: $314,792 changed to $319,759
Contributions and grants received: $500 changed to $225,128
Investment income: $11,680 changed to $25,687
Other revenue: $206,222 changed to $220,654
Total assets, end of year: $7,721,171 changed to $7,908,549
Total liabilities, end of year: $467,416 changed to $422,701
Net assets or fund balances, end of year: $7,253,755 changed to $7,485,848

Listed only on the later return

Jeff JonesJEFF JONES
Todd PappasergiTODD PAPPASERGI

Listed under a different title

Ben BrownBEN BROWN: CHIEF EXECUTIVE OFFICER (1/1/22 - 4/30/22) then CEO (1/1/22 - 4/30/22)
Jamie ColecchiJAMIE COLECCHI: CHIEF EXECUTIVE OFFICER then CEO (EFFECTIVE 5/1/22)
John R EasozJOHN R EASOZ: EX-OFFICIO (RESIGNED 10/22/22) then EX-OFFICIO

Totals

Total revenue: $471,469
Total expenses: $319,759
Contributions and grants received: $225,128
Grants paid: $3,042
Program service revenue: $0
Investment income: $25,687
Other revenue: $220,654
Total assets, end of year: $7,908,549
Total liabilities, end of year: $422,701
Net assets or fund balances, end of year: $7,485,848
Program services expenses (Part IX): not reported
Management and general expenses: not reported
Fundraising expenses: not reported
Program service expenses (Part III): not reported

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.

1e · Government grants (contributions)

$224,628
1f · All other contributions, gifts and grants

$500
3 · Investment income

total $9,680 · excluded $9,680
5 · Royalties

total $30,975 · excluded $30,975
6a · Gross rents

real property $228,177
6b · Less rental expenses

real property $44,670
6c · Rental income or loss

real property $183,507
6d · Net rental income or loss

total $183,507 · related or exempt $183,507
7a · Gross sales of assets other than inventory

securities $245,000
7b · Less cost or other basis and sales expenses

securities $228,993
7c · Gain or loss

securities $16,007
7d · Net gain or loss

total $16,007 · excluded $16,007
11a · Other revenue: OTHER INCOME

total $6,172 · related or exempt $6,172
11e · Other revenue, total

$6,172

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $3,042
11a · Fees: management

total $177,750
11b · Fees: legal

total $2,209
11c · Fees: accounting

total $11,829
11g · Fees: other

total $781
12 · Advertising and promotion

total $5,388
13 · Office expenses

total $16,369
14 · Information technology

total $5,422
17 · Travel

total $12,627
22 · Depreciation, depletion and amortization

total $1,471
23 · Insurance

total $1,742
24a · Other expenses: PROJECT COSTS

total $43,187
24b · Other expenses: MISCELLANEOUS

total $15,668
24c · Other expenses: FUNDRAISING

total $9,665
24d · Other expenses: REPAIRS & MAINTENANCE

total $5,646
24e · All other expenses

total $6,963

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $200 · end of year $17,070
2 · Savings and temporary cash investments

beginning of year $530,727 · end of year $224,628
3 · Pledges and grants receivable

beginning of year $990,000 · end of year $990,000
4 · Accounts receivable

beginning of year $796
7 · Other notes and loans receivable

beginning of year $150,000 · end of year $150,000
10a · Land, buildings and equipment: cost or other basis

$3,705,553
10b · Land, buildings and equipment: accumulated depreciation

$21,912
10c · Land, buildings and equipment, net

beginning of year $3,382,309 · end of year $3,683,641
11 · Investments: publicly traded securities

beginning of year $1,371,539 · end of year $933,345
15 · Other assets

beginning of year $1,909,865 · end of year $1,909,865
17 · Accounts payable and accrued expenses

beginning of year $318,927 · end of year $199,794
19 · Deferred revenue

beginning of year $241,820 · end of year $113,078
25 · Other liabilities

beginning of year $229,843 · end of year $109,829
27 · Net assets without donor restrictions

beginning of year $7,544,846 · end of year $7,485,848

Mission and programs · 2022

Mission

TO PROMOTE AND MARKET ECONOMIC DEVELOPMENT AND JOB CREATION IN THE MID MON VALLEY COMMUNITIES. OUR HISTORICAL LONGER-RANGE INITIATIVES OF PROMOTING TRANSPORTATION AND INDUSTRIAL PARK INFRASTRUCTURE WILL BE LEVERAGED THROUGH PUBLIC AND PRIVATE INVESTMENT AND INNOVATIVE STRATEGIC AND MASTER PLANNING ON TANGIBLE NEAR TERM PROJECTS INTENDED TO MEANINGFULLY IMPACT JOB GROWTH. THE RESULTS OF OUR ACTIVITIES ARE EXPECTED TO PRODUCE COMPLIMENTARY IMPROVEMENTS TO HOUSING, RETAIL AND RECREATIONAL ASSETS IN OUR GEOGRAPHICAL FRINGE COMMUNITIES AND BE COLLABORATIVE, SUPPORTIVE AND ACCRETIVE TO OTHER AGENCIES EFFORTS AND INCREASE THEIR ABILITY TO SUCCEED IN THEIR RESPECTIVE MISSIONS.

THE ORGANIZATION PROMOTES INDUSTRIAL AND COMMERCIAL BUSINESS ACTIVITIES IN THE MONONGAHELA VALLEY TRHOUGH THE DEVELOPMENT AND MANAGEMENT OF INDUSTIRAL PARKS LOCATED IN THE REGION. THE ORGANIZATION SECURES TENANTS AND PROMOTES THE PARKS.

Revenue $189,679

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

John R EasozJOHN R EASOZ

EX-OFFICIO

Total calculated

$0

Hours/week

4 + 4 related
John LacarteJOHN LACARTE

VICE CHAIRMAN

Total calculated

$0

Hours/week

1 + 1 related
Michael ThorntonMICHAEL THORNTON

TREASURER

Total calculated

$0

Hours/week

2 + 2 related
Randy PattersonRANDY PATTERSON

SECRETARY

Total calculated

$0

Hours/week

3 + 3 related
Anthony MauroANTHONY MAURO

EXECUTIVE MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Edward MendolaEDWARD MENDOLA

EXECUTIVE MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Louis PanzaLOUIS PANZA

EXECUTIVE MEMBER (RESIGNED 10/25/22)

Total calculated

$0

Hours/week

1 + 1 related
Louis A QuartoLOUIS A QUARTO

EXECUTIVE MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Gina C LynnGINA C LYNN

EXECUTIVE MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Tanya ChaneyTANYA CHANEY

EXECUTIVE MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Claudia WilliamsCLAUDIA WILLIAMS

EXECUTIVE MEMBER (RESIGNED 6/27/22)

Total calculated

$0

Hours/week

1 + 1 related
Will Thomeier JrWILL THOMEIER JR

CHAIRMAN

Total calculated

$0

Hours/week

4 + 4 related
Jeremy WallaceJEREMY WALLACE

EXECUTIVE MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Todd PappasergiTODD PAPPASERGI

EXECUTIVE MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Jeff JonesJEFF JONES

EXECUTIVE MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Ben BrownBEN BROWN

CEO (1/1/22 - 4/30/22)

Total calculated

$46,823

From this org

$0

From related orgs

$37,218

Other

$9,605

Hours/week

20 + 20 related
Jamie ColecchiJAMIE COLECCHI

CEO (EFFECTIVE 5/1/22)

Total calculated

$93,929

From this org

$0

From related orgs

$86,165

Other

$7,764

Hours/week

20 + 20 related

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.

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.

MON VALLEY ALLIANCE FOUNDATION

501(C)(3) · TO PROMOTE ECONOMIC DEVELOPMENT AND IMPROVE THE BUSINESS ATMOSPHERE · PA · controlled entity

Directly controlled by MON VALLEY ALLIANCE

Provenance

Return type: form_990
Tax year: 2022
Filed: 10 July 2024
IRS schema version: 2022v5.0
Source object: 202441979349301069

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

The source document this was parsed from is served over the API, which is where bulk and document access live.