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Nonprofiteer
← THE HAPPY VALLEY ADVENTURE BUREAU

Form 990 for tax year 2023

Filed by THE HAPPY VALLEY ADVENTURE BUREAU.

Totals

Total revenue
$6,039,710
Total expenses
$5,728,458
Contributions and grants received
$0
Grants paid
$1,757,547
Program service revenue
$6,008,958
Investment income
$30,752
Other revenue
$0
Total assets, end of year
$3,609,493
Total liabilities, end of year
$3,325,172
Net assets or fund balances, end of year
$284,321
Program services expenses (Part IX)
$4,713,729
Management and general expenses
$1,014,729
Fundraising expenses
$0
Program service expenses (Part III)
$4,713,729

Program services were 82.3% 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.

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $5,956,271 · related or exempt $5,956,271

  • 2b · Program service revenue: MEMBER DUES

    total $52,687 · related or exempt $52,687

  • 3 · Investment income

    total $30,752 · related or exempt $30,752

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,757,547 · program services $1,757,547

  • 5 · Compensation of officers, directors and key employees

    total $169,278 · management and general $169,278

  • 7 · Other salaries and wages

    total $862,280 · program services $688,452 · management and general $173,828

  • 8 · Pension plan contributions

    total $32,878 · program services $16,372 · management and general $16,506

  • 9 · Other employee benefits

    total $137,976 · program services $80,487 · management and general $57,489

  • 10 · Payroll taxes

    total $81,711 · program services $54,410 · management and general $27,301

  • 11b · Fees: legal

    total $12,377 · management and general $12,377

  • 11c · Fees: accounting

    total $101,362 · management and general $101,362

  • 11f · Fees: investment management

    total -$319 · management and general -$319

  • 12 · Advertising and promotion

    total $2,043,888 · program services $2,043,888

  • 13 · Office expenses

    total $68,732 · management and general $68,732

  • 14 · Information technology

    total $133,616 · management and general $133,616

  • 16 · Occupancy

    total $120,786 · management and general $120,786

  • 17 · Travel

    total $72,573 · program services $72,573

  • 19 · Conferences, conventions and meetings

    total $87,267 · management and general $87,267

  • 20 · Interest

    total $18,360 · management and general $18,360

  • 22 · Depreciation, depletion and amortization

    total $988 · management and general $988

  • 23 · Insurance

    total $13,371 · management and general $13,371

  • 24a · Other expenses: MISCELLANEOUS

    total $11,906 · management and general $11,906

  • 24b · Other expenses: PERSONNEL COSTS

    total $1,881 · management and general $1,881

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,025,829 · end of year $1,305,263

  • 4 · Accounts receivable

    beginning of year $975,516 · end of year $1,011,897

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,100 · end of year $22,884

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

    $530,881

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

    $231,481

  • 10c · Land, buildings and equipment, net

    beginning of year $327,535 · end of year $299,400

  • 12 · Investments: other securities

    beginning of year $584,885 · end of year $700,049

  • 14 · Intangible assets

    beginning of year $270,000 · end of year $270,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,070,618 · end of year $1,030,630

  • 19 · Deferred revenue

    beginning of year $1,252,236 · end of year $1,600,249

  • 23 · Secured mortgages and notes payable

    beginning of year $200,000 · end of year $169,943

  • 24 · Unsecured notes and loans payable

    beginning of year $800,000 · end of year $524,350

  • 27 · Net assets without donor restrictions

    beginning of year -$132,989 · end of year $284,321

Mission and programs · 2023

Mission

PROMOTE CENTRE COUNTY AS A PLACE FOR VACATIONS AND CONVENTIONS.

Activities or mission (Part I)

PROMOTE CENTRE COUNTY AS A PLACE FOR SPORTING EVENTS, VACATIONS AND CONVENTIONS.

  • PROMOTE CENTRE COUNTY AS A PLACE FOR SPORTING EVENTS, VACATIONS AND CONVENTIONS.

    Expenses $4,713,729 · Grants $1,757,547

As filed on the 2023 return.

Listed in Part VII

  • Jeff Bower

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Croce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jen Brooks-Stahl

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Peters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Capperella

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Edward Tubbs

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Greg Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Szczesny

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vince McDonald

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Deb Nardone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Leahey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julian Morales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Brandeis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Fountaine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amber Concepcion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Rusnak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Bowser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sita Frederick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frederick Smith

    PRESIDENT & CEO

    Total calculated
    $193,974
    From this org
    $162,333
    From related orgs
    $0
    Other
    $31,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,333
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,641
    Filer's total
    $193,974

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 October 2024
IRS schema version
2023v5.1
Source object
202432969349300248

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