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← VALLEY SENIOR LIVING FOUNDATION

Form 990 for tax year 2022

Filed by VALLEY SENIOR LIVING FOUNDATION.

Totals

Total revenue
$509,238
Total expenses
$336,140
Contributions and grants received
$490,718
Grants paid
$117,606
Program service revenue
$0
Investment income
$1,048
Other revenue
$17,472
Total assets, end of year
$3,666,739
Total liabilities, end of year
$70,024
Net assets or fund balances, end of year
$3,596,715
Program services expenses (Part IX)
$184,821
Management and general expenses
$57,204
Fundraising expenses
$94,115
Program service expenses (Part III)
$184,821

Program services were 55.0% 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

    $490,718

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $1,048 · related or exempt $1,048 · 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

    $60,361

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

    $0

  • 8b · Fundraising events: direct expenses

    $43,806

  • 8c · Net income from fundraising events

    total $16,555 · unrelated business $0 · excluded $16,555

  • 11d · All other revenue

    total $917 · related or exempt $917 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $917

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $117,606 · program services $117,606

  • 5 · Compensation of officers, directors and key employees

    total $124,504 · program services $46,556 · management and general $30,347 · fundraising $47,601

  • 7 · Other salaries and wages

    total $46,327 · program services $17,395 · management and general $11,338 · fundraising $17,594

  • 11c · Fees: accounting

    total $1,263 · program services $0 · management and general $1,263 · fundraising $0

  • 12 · Advertising and promotion

    total $3,193 · program services $0 · management and general $0 · fundraising $3,193

  • 13 · Office expenses

    total $2,100 · program services $0 · management and general $2,100 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $1,266 · program services $1,266 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

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

  • 24a · Other expenses: DONOR EXPENSE

    total $13,360 · program services $0 · management and general $0 · fundraising $13,360

  • 24b · Other expenses: DUES AND MEMBERSHIP

    total $9,956 · program services $0 · management and general $2,882 · fundraising $7,074

  • 24c · Other expenses: PRINTING PUBLICATIONS AND POSTAGE

    total $7,291 · program services $1,998 · management and general $0 · fundraising $5,293

  • 24e · All other expenses

    total $7,414 · program services $0 · management and general $7,414 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $433,212 · end of year $293,387

  • 3 · Pledges and grants receivable

    beginning of year $5,000

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

    $37,441

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

    $29,046

  • 10c · Land, buildings and equipment, net

    beginning of year $10,255 · end of year $8,395

  • 11 · Investments: publicly traded securities

    beginning of year $2,889,196 · end of year $3,342,927

  • 13 · Investments: program-related

    beginning of year $21,112 · end of year $22,030

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,156 · end of year $47,547

  • 19 · Deferred revenue

    beginning of year $39,324 · end of year $22,477

  • 27 · Net assets without donor restrictions

    beginning of year $1,663,286 · end of year $1,608,035

  • 28 · Net assets with donor restrictions

    beginning of year $1,623,009 · end of year $1,988,680

Mission and programs · 2022

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 for spiritual care when our facilities open over 90 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, families and staff. Valley Senior Living employees two full-time chaplains and also has two flex chaplains.

    Expenses $6,574 · Revenue $6,574

  • We identified a need to enhance the Activity and Community Rooms at Tufte Manor. Proceeds from a Myra Foundation grant were utilized for these projects. The projects funds were used for replacing flooring and furnishings.

    Expenses $22,500 · Grants $22,500

  • We determined there was a need to enhance the outdoor living space at Wheatland Terrace and program funds were used to purchase new patio furnishings.

    Expenses $8,938 · Revenue $8,938

  • 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 $146,809 · Revenue $146,809

As filed on the 2022 return.

Listed in Part VII

  • Garth Rydland

    President/CEO Valley Senior Living

    Total calculated
    $300,429
    From this org
    $0
    From related orgs
    $274,628
    Other
    $25,801
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,406 related
    Bonus
    $0 + $22,222 related
    Other
    $0 + $9,439 related
    Deferred
    $0 + $25,801 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $309,868 related

  • Gina Roller

    Administrator Valley Senior Living on 42nd

    Total calculated
    $190,440
    From this org
    $0
    From related orgs
    $170,772
    Other
    $19,668
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,222 related
    Bonus
    $0 + $5,550 related
    Other
    $0 + $9,297 related
    Deferred
    $0 + $10,371 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $190,440 related

  • Lorilee Bott

    CFO

    Total calculated
    $182,556
    From this org
    $0
    From related orgs
    $156,594
    Other
    $25,962
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,594 related
    Bonus
    $0
    Other
    $0 + $16,092 related
    Deferred
    $0 + $9,870 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $182,556 related

  • Jessica Baumgarten

    Director of Nursing Valley Senior Living on Columbia

    Total calculated
    $156,453
    From this org
    $0
    From related orgs
    $125,277
    Other
    $31,176
    Hours/week
    0 + 40 related

  • Jennifer Schultz

    Director of Nursing Woodside Village

    Total calculated
    $152,515
    From this org
    $0
    From related orgs
    $129,411
    Other
    $23,104
    Hours/week
    0 + 40 related

  • Angela Goulet

    Tufte Manor Administrator, Dir PCS TM and WT

    Total calculated
    $150,967
    From this org
    $0
    From related orgs
    $118,616
    Other
    $32,351
    Hours/week
    0 + 40 related

  • Adam Edwards

    Chief Human Resource Officer

    Total calculated
    $144,801
    From this org
    $0
    From related orgs
    $131,525
    Other
    $13,276
    Hours/week
    0 + 40 related

  • Shaun Havis

    President Valley Senior Living Foundation

    Total calculated
    $105,178
    From this org
    $76,876
    From related orgs
    $0
    Other
    $28,302
    Hours/week
    40

  • Scott Berge

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Karen Brekke

    Director

    Total calculated
    $0
    Hours/week
    0

  • Bruce Vaaler

    Vice Chairperson

    Total calculated
    $0
    Hours/week
    0

  • Carol Svedson

    Chairperson

    Total calculated
    $0
    Hours/week
    0

  • Brittany Caillier

    Director

    Total calculated
    $0
    Hours/week
    0

  • Megan Flom

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Monica Musich

    Director

    Total calculated
    $0
    Hours/week
    0

  • Pete Hoistad

    Ex Officio

    Total calculated
    $0
    Hours/week
    0

  • Margaret Reed

    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 3
Compensation is determined by compensation committee for President/CEO. Base salary is evaluated by comparison to other organizations of similar size and funciton.
Schedule J, Part I, Line 4
Valley Senior Living 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
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343139349302684

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