Friends Of Valley Forge
- Assets
- $510.7k
- Revenue
- $246.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Valley Forge, PA
- Founding
- 08/1977
- Data as of
- 09/2022
- EIN
- 23-2036005
Organization Overview
Friends Of Valley Forge, operating under the name Valley Forge Park Alliance, is located in Valley Forge, PA. The organization was established in 1977. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Valley Forge Park Alliance employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Forge Park Alliance is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Valley Forge Park Alliance generated $246.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $326.7k during the year ending 09/2022. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO INSPIRE APPRECIATION FOR AND CITIZEN STEWARDSHIP OF VALLEY FORGE PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VALLEY FORGE PARK ALLIANCE IS RUNNING A CAPITAL CAMPAIGN TO RAISE FUNDS TO RENOVATE THE MAURICE STEPHENS HOUSE. THE HOME HAS A GREAT DEAL OF HISTORIC VALUE TO THE REGION AND TO VALLEY FORGE PARK. AS PART OF THE RESTORATION, VFPA IS PLANNING TO INCLUDE EXPANDING UPON EXISTING PROGRAMS AND CREATING NEW PROGRAMS AT THE HOUSE, WHILE ALSO ESTABLISHING A HEADQUARTERS FOR THEIR ORGANIZATION.
THE FRIENDS OF VALLEY FORGE PROMOTE PARK AWARENESS THROUGH COLLECTING GENERAL DONATIONS, AND COLLECTIONS FOR SPECIFIC PARK PROJECTS AND SPECIAL EVENTS TO ENHANCE THE PARK AND THE VISITOR EXPERIENCE WHILE AT THE PARK. THE ORGANIZATION HAD EXPENSES INCURRED FROM THEIR ANNUAL APPEALS, REV RUN FUNDS AND SPEAKER SERIES AT THE PARK. THE TOTAL REVENUES ARE DIFFICULT TO DETERMINE, BUT THE NUMBER ABOVE REPRESENTS ALL OTHER CONTRIBUTIONS AND GIFTS RECEIVED.
THE ORGANIZATION PAYS A MONTHLY SALARY TO THE EXECUTIVE DIRECTOR, WHILE ALSO EMPLOYING A FEW PART-TIME AND TEMPORARY EMPLOYEES, TO HELP WITH MEMBERSHIP SUPPORT SERVICES, PROMOTION OF THE ORGANIZATION AND OTHER GENERAL ADMINISTRATIVE EXPENSES AND COSTS. IT WOULD BE NEARLY IMPOSSIBLE TO QUANITFY THEIR CONTRIBUTIONS, DUE TO THE SUBJECTIVE NATURE OF THE WORK, SO WE ARE INCLUDING REVENUE ITEMS OF. MEMBERSHIP INCOME AS WELL AS GIFTS TO THE ORGANIZATION.
OTHER PROGRAM EXPENSES FOR THE FRIENDS OF VALLEY FORGE PARK INCLUDE MEMBERSHIP AND INVESTMENT MANAGEMENT, FULFILLMENT, AND VARIOUS OTHER PARK PROGRAMS AND PROJECTS TO SUPPORT THE MISSION OF PROVIDING SERVICES FOR VALLEY FORGE PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Duffy Executive Director | OfficerTrustee | 35 | $40,000 |
Laura Wagonermanion Vice-Chair/director | OfficerTrustee | 5 | $1,400 |
Amy Johnson Chairman/director | OfficerTrustee | 10 | $0 |
Melissa Jacobs Secretary/director | OfficerTrustee | 2 | $0 |
Steve Ross Treasurer | Officer | 2 | $0 |
Don Naimoli Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,056 |
| Fundraising events | $45,477 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,406 |
| Total Program Service Revenue | $24,654 |
| Investment income | -$63,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,025 |
| Fees for services: Management | $15,241 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,399 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,178 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,522 |
| All other expenses | $24,350 |
| Total functional expenses | $326,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,862 |
| Savings and temporary cash investments | $188,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $316,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $510,657 |
| Accounts payable and accrued expenses | $932 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $932 |
| Net assets without donor restrictions | $155,405 |
| Net assets with donor restrictions | $354,320 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $510,657 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Valley Forge has recieved totaling $163.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $163 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
African Parks Foundation Of America New York, NY | $103,077,494 | $19,003,499 |
Randalls Island Park Alliance Inc New York, NY | $13,239,437 | $9,404,674 |
Toledo Classic Inc Toledo, OH | $1,903,609 | $6,431,231 |
The Kroger Helping Hands Fund Benefits Trust Cincinnati, OH | $21,338,883 | $10,000,000 |
Army West Point Athletic Association Inc West Point, NY | $11,945,742 | $9,719,506 |
Westchester Parks Foundation Inc Mount Kisco, NY | $3,736,356 | $3,829,268 |
Usga Foundation Liberty Corner, NJ | $5,745,088 | $4,151,896 |
Park National Bank Foundation Park National Bank Newark, OH | $15,877,753 | $5,232,147 |
The Ball Family Foundation King of Prussia, PA | $4,322 | $1,729,500 |
Philly Races Inc Philadelphia, PA | $1,385,166 | $1,813,595 |
Percival P Baxter Trust Uw 14-0068 00-8 Pittsburgh, PA | $55,111,049 | $4,471,251 |
Untermyer Gardens Conservancy Yonkers, NY | $2,212,891 | $1,837,409 |