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Nonprofiteer
← MON VALLEY ALLIANCE

Form 990 for tax year 2024

Filed by MON VALLEY ALLIANCE.

Totals

Total revenue
$1,173,495
Total expenses
$815,622
Contributions and grants received
$594,575
Grants paid
$139,593
Program service revenue
$0
Investment income
$158,932
Other revenue
$419,988
Total assets, end of year
$10,723,181
Total liabilities, end of year
$2,382,907
Net assets or fund balances, end of year
$8,340,274
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)

    $594,575

  • 3 · Investment income

    total $34,831 · excluded $34,831

  • 5 · Royalties

    total $4,709 · excluded $4,709

  • 6a · Gross rents

    real property $468,883

  • 6b · Less rental expenses

    real property $54,187

  • 6c · Rental income or loss

    real property $414,696

  • 6d · Net rental income or loss

    total $414,696 · related or exempt $414,696

  • 7a · Gross sales of assets other than inventory

    securities $351,388 · other assets $485,000

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

    securities $312,843 · other assets $399,444

  • 7c · Gain or loss

    securities $38,545 · other assets $85,556

  • 7d · Net gain or loss

    total $124,101 · related or exempt $85,556 · excluded $38,545

  • 11a · Other revenue: OTHER INCOME

    total $583 · related or exempt $583

  • 11e · Other revenue, total

    $583

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $139,593

  • 11a · Fees: management

    total $276,000

  • 11b · Fees: legal

    total $24,437

  • 11c · Fees: accounting

    total $25,593

  • 11g · Fees: other

    total $4,163

  • 12 · Advertising and promotion

    total $1,300

  • 13 · Office expenses

    total $3,495

  • 17 · Travel

    total $2,662

  • 20 · Interest

    total $113,600

  • 22 · Depreciation, depletion and amortization

    total $121,433

  • 24a · Other expenses: PROJECT COSTS

    total $42,797

  • 24b · Other expenses: PROVISION FOR CREDIT LO

    total $10,000

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $195

  • 24e · All other expenses

    total $50,354

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $509,718 · end of year $133,727

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,116,911 · end of year $1,395,003

  • 4 · Accounts receivable

    beginning of year $12,494 · end of year $51,651

  • 7 · Other notes and loans receivable

    beginning of year $285,415 · end of year $159,800

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

    $5,353,334

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

    $144,816

  • 10c · Land, buildings and equipment, net

    beginning of year $5,270,385 · end of year $5,208,518

  • 11 · Investments: publicly traded securities

    beginning of year $1,358,919 · end of year $62,760

  • 15 · Other assets

    beginning of year $1,551,033 · end of year $3,711,722

  • 17 · Accounts payable and accrued expenses

    beginning of year $142,622 · end of year $16,329

  • 23 · Secured mortgages and notes payable

    beginning of year $1,970,463 · end of year $2,359,269

  • 25 · Other liabilities

    beginning of year $0 · end of year $7,309

  • 27 · Net assets without donor restrictions

    beginning of year $7,991,790 · end of year $8,340,274

Mission and programs · 2024

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.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Lacarte

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Thornton

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Randy Patterson

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Anthony Mauro

    EXECUTIVE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Edward Mendola

    EXECUTIVE MEMBER (RESIGNED 9/15/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Louis A Quarto

    EXECUTIVE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gina C Lynn

    EXECUTIVE MEMBER (RESIGNED 9/25/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tanya Chaney

    EXECUTIVE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Will Thomeier Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Todd Pappasergi

    EXECUTIVE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeff Jones

    EXECUTIVE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Peter Adamo

    EXECUTIVE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jamie Colecchi

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $130,573
    From this org
    $0
    From related orgs
    $105,000
    Other
    $25,573
    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

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349310905

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