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Nonprofiteer
← VALLEYLIFE FOUNDATION

Form 990 for tax year 2023

Filed by VALLEYLIFE FOUNDATION.

Totals

Total revenue
$384,812
Total expenses
$175,749
Contributions and grants received
$50,347
Grants paid
$83,578
Program service revenue
$44,919
Investment income
$284,653
Other revenue
$4,893
Total assets, end of year
$3,216,843
Total liabilities, end of year
$316,194
Net assets or fund balances, end of year
$2,900,649
Program services expenses (Part IX)
$93,540
Management and general expenses
$28,514
Fundraising expenses
$53,695
Program service expenses (Part III)
$93,540

Program services were 53.2% 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.

  • 1c · Fundraising events

    $15,638

  • 1f · All other contributions, gifts and grants

    $34,709

  • 1g · Noncash contributions included above

    $25,479

  • 2a · Program service revenue: FACILITY RENTAL

    total $44,919 · related or exempt $44,919

  • 3 · Investment income

    total $82,256 · excluded $82,256

  • 7a · Gross sales of assets other than inventory

    securities $202,397

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

    securities $0

  • 7c · Gain or loss

    securities $202,397

  • 7d · Net gain or loss

    total $202,397 · excluded $202,397

  • 8a · Fundraising events: gross income

    $16,755

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

    $15,638

  • 8b · Fundraising events: direct expenses

    $13,442

  • 8c · Net income from fundraising events

    total $3,313 · excluded $3,313

  • 9a · Gaming: gross income

    $1,580

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $1,580 · excluded $1,580

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,356 · program services $6,356

  • 2 · Grants to domestic individuals

    total $77,222 · program services $77,222

  • 7 · Other salaries and wages

    total $53,695 · fundraising $53,695

  • 11f · Fees: investment management

    total $22,567 · management and general $22,567

  • 11g · Fees: other

    total $957 · management and general $957

  • 13 · Office expenses

    total $2,979 · management and general $2,979

  • 17 · Travel

    total $1,602 · management and general $1,602

  • 19 · Conferences, conventions and meetings

    total $399 · management and general $399

  • 20 · Interest

    total $1,673 · program services $1,673

  • 22 · Depreciation, depletion and amortization

    total $8,289 · program services $8,289

  • 24a · Other expenses: DUES AND LICENSES

    total $10 · management and general $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,837 · end of year $41,309

  • 2 · Savings and temporary cash investments

    beginning of year $17,330 · end of year $295,257

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

    $496,084

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

    $90,488

  • 10c · Land, buildings and equipment, net

    beginning of year $413,885 · end of year $405,596

  • 12 · Investments: other securities

    beginning of year $2,398,417 · end of year $2,474,681

  • 23 · Secured mortgages and notes payable

    beginning of year $104,503

  • 25 · Other liabilities

    beginning of year $261,461 · end of year $316,194

  • 27 · Net assets without donor restrictions

    beginning of year $2,526,505 · end of year $2,900,649

Listed in Part VII

  • CLETUS THIEBEAU

    VICE PRESIDENT

    Total calculated
    $336,426
    From this org
    $0
    From related orgs
    $321,168
    Other
    $15,258
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,441 related
    Bonus
    $0 + $25,469 related
    Other
    $0 + $21,258 related
    Deferred
    $0 + $12,599 related
    Nontaxable benefits
    $0 + $2,684 related
    Filer's total
    $0 + $336,451 related

  • DONNA CORDOVA

    SECRETARY/TREASURER

    Total calculated
    $154,535
    From this org
    $0
    From related orgs
    $145,661
    Other
    $8,874
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,661 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,944 related
    Nontaxable benefits
    $0 + $2,955 related
    Filer's total
    $0 + $154,560 related

  • AMY COBLENTZ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • HEATHER WINTERS BULL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BETTY PECHA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
  • 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

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

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
15 August 2025
IRS schema version
2023v6.0
Source object
202512279349303646

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