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Nonprofiteer
← VALLEY COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by VALLEY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$3,208,687
Total expenses
$3,102,056
Contributions and grants received
$2,298,746
Grants paid
$1,802,577
Program service revenue
$0
Investment income
$909,941
Other revenue
$0
Total assets, end of year
$36,340,178
Total liabilities, end of year
$13,290,320
Net assets or fund balances, end of year
$23,049,858
Program services expenses (Part IX)
$2,653,989
Management and general expenses
$192,028
Fundraising expenses
$256,039
Program service expenses (Part III)
$2,653,989

Program services were 85.6% 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.

  • 1f · All other contributions, gifts and grants

    $2,298,746

  • 1g · Noncash contributions included above

    $324,888

  • 3 · Investment income

    total $172,693 · excluded $172,693

  • 7a · Gross sales of assets other than inventory

    securities $11,443,380

  • 7b · Less cost or other basis and sales expenses

    securities $10,706,132

  • 7c · Gain or loss

    securities $737,248

  • 7d · Net gain or loss

    total $737,248 · excluded $737,248

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,802,577 · program services $1,802,577

  • 5 · Compensation of officers, directors and key employees

    total $203,319 · program services $132,157 · management and general $30,498 · fundraising $40,664

  • 7 · Other salaries and wages

    total $292,881 · program services $190,372 · management and general $43,933 · fundraising $58,576

  • 8 · Pension plan contributions

    total $36,531 · program services $23,745 · management and general $5,480 · fundraising $7,306

  • 9 · Other employee benefits

    total $62,621 · program services $40,704 · management and general $9,393 · fundraising $12,524

  • 10 · Payroll taxes

    total $33,541 · program services $21,802 · management and general $5,031 · fundraising $6,708

  • 11f · Fees: investment management

    total $444,642 · program services $289,018 · management and general $66,696 · fundraising $88,928

  • 11g · Fees: other

    total $32,066 · program services $20,843 · management and general $4,810 · fundraising $6,413

  • 12 · Advertising and promotion

    total $49,904 · program services $36,366 · management and general $5,802 · fundraising $7,736

  • 13 · Office expenses

    total $14,458 · program services $9,397 · management and general $2,170 · fundraising $2,891

  • 14 · Information technology

    total $22,525 · program services $14,641 · management and general $3,379 · fundraising $4,505

  • 16 · Occupancy

    total $43,255 · program services $28,116 · management and general $6,488 · fundraising $8,651

  • 17 · Travel

    total $372 · program services $242 · management and general $56 · fundraising $74

  • 19 · Conferences, conventions and meetings

    total $23,123 · program services $15,030 · management and general $3,468 · fundraising $4,625

  • 22 · Depreciation, depletion and amortization

    total $8,678 · program services $7,705 · management and general $417 · fundraising $556

  • 23 · Insurance

    total $6,773 · program services $4,402 · management and general $1,016 · fundraising $1,355

  • 24a · Other expenses: PROFESSIONAL DEVELOPMEN

    total $12,080 · program services $7,852 · management and general $1,812 · fundraising $2,416

  • 24e · All other expenses

    total $12,710 · program services $9,020 · management and general $1,579 · fundraising $2,111

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $403,997 · end of year $54,099

  • 2 · Savings and temporary cash investments

    beginning of year $356,892 · end of year $907,913

  • 3 · Pledges and grants receivable

    beginning of year $789,923 · end of year $750,000

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

    $210,108

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

    $190,215

  • 10c · Land, buildings and equipment, net

    beginning of year $28,572 · end of year $19,893

  • 11 · Investments: publicly traded securities

    beginning of year $9,254,481 · end of year $11,680,151

  • 12 · Investments: other securities

    beginning of year $21,140,547 · end of year $22,761,195

  • 15 · Other assets

    beginning of year $0 · end of year $166,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $84,888 · end of year $49,701

  • 18 · Grants payable

    beginning of year $74,355 · end of year $247,555

  • 25 · Other liabilities

    beginning of year $0 · end of year $12,993,064

  • 27 · Net assets without donor restrictions

    beginning of year $31,815,169 · end of year $23,049,858

Mission and programs · 2023

Mission

THE VALLEY COMMUNITY FOUNDATION'S MISSION IS TO MAKE THE VALLEY A BETTER PLACE TO LIVE AND WORK, BOTH NOW AND IN THE FUTURE, BY CONNECTING PRIVATE PHILANTHROPY TO THE LONG-TERM PUBLIC GOOD OF THE VALLEY.

Activities or mission (Part I)

SEE SCHEDULE O

  • CIVIC VITALITY: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE CIVIC VITALITY.

    Expenses $495,037 · Grants $336,227

  • HEALTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT ENSURE HEALTH AND WELLNESS.

    Expenses $815,353 · Grants $553,784

  • EDUCATION: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROVIDE QUALITY EDUCATION.

    Expenses $490,716 · Grants $333,291

  • ARTS AND CULTURE: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THATPROMOTE ARTS AND CULTURE.

    Expenses $206,712 · Grants $140,398

  • BASIC NEEDS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTEBASIC HUMAN NEEDS.

    Expenses $225,063 · Grants $152,862

  • ECONOMIC SUCCESS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THATPROMOTE REGIONAL ECONOMIC SUCCESS.

    Expenses $130,963 · Grants $88,950

  • YOUTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE HEALTHYYOUTH DEVELOPMENT.

    Expenses $240,249 · Grants $163,176

  • ENVIRONMENT: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTEPROTECTION OF THE ENVIRONMENT.

    Expenses $49,896 · Grants $33,889

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Angela Powers

    DIRECTOR

    Total calculated
    $387,644
    From this org
    $0
    From related orgs
    $344,065
    Other
    $43,579
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $344,065 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $43,579 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $387,644 related

  • Nancy Valentine

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Aleta Miner

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ray Oppel

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Patricia Tarasovic

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark D Goumas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tammy Burell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Grizzle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fred Ortoli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ned Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marianne Smythe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Stamos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon Closius

    PRESIDENT & CEO

    Total calculated
    $213,369
    From this org
    $210,119
    From related orgs
    $0
    Other
    $3,250
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,884
    Bonus
    $6,800
    Other
    $23,435
    Deferred
    $0
    Nontaxable benefits
    $3,250
    Filer's total
    $213,369

  • Wendy Gamba

    CHIEF FINANCIAL OFFICER

    Total calculated
    $255,409
    From this org
    $0
    From related orgs
    $221,545
    Other
    $33,864
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $221,545 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,864 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $255,409 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. 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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7:
BONUSES ARE AWARDED BASED ON THE ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS.

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.

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
2023v5.1
Source object
202423199349308127

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

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