Valor Partners Foundation
- Assets
- $871.1k
- Revenue
- $906.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Overland Park, KS
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 45-4785558
Organization Overview
Valor Partners Foundation is located in Overland Park, KS. The organization was established in 2012. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valor Partners Foundation 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 12/2023, Valor Partners Foundation generated $906.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 52.2% each year . All expenses for the organization totaled $844.8k during the year ending 12/2023. While expenses have increased by 40.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO HONOR VETERANS AND EDUCATE THEIR LEGACY. WE DO SO BY RAISING MONEY FOR DEA-QUALIFIED STUDENTS AND THEN CONTRIBUTING IT TO POST-SECONDARY INSTITUTIONS THAT AGREE TO MATCH OUR DONATION, ADMINISTER THE SCHOLARSHIP PROGRAM, AND REPORT BACK TO US ANNUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PROVIDED TO EDUCATIONAL INSTITUTIONS. $750,000 DISTRIBUTED TO POST-SECONDARY INSTITUTIONS, AND 750 SCHOLARSHIPS PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelli Campbell-Goodnow Executive Director | Officer | 40 | $72,000 |
Alan R Gorthy President | OfficerTrustee | 30 | $0 |
David W Cornell Secretary/treasurer | OfficerTrustee | 10 | $0 |
Gregory B Gardner Board Member | Trustee | 2 | $0 |
Jessica Ramirez Board Member | Trustee | 1 | $0 |
Stephen D Waldron Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,683 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $866,187 |
| Noncash contributions included in lines 1a–1f | $10,940 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $917,870 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,952 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $906,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $750,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,171 |
| Advertising and promotion | $0 |
| Office expenses | $3,834 |
| Information technology | $286 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $734 |
| 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 | $1,814 |
| All other expenses | $3,921 |
| Total functional expenses | $844,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,045 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $405,026 |
| 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 | $4,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $871,071 |
| Accounts payable and accrued expenses | $750,000 |
| 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 | $750,000 |
| Net assets without donor restrictions | $121,071 |
| Net assets with donor restrictions | $0 |
| 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 | $871,071 |
Grants Awarded
Over the last fiscal year, Valor Partners Foundation has awarded $277,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
IOWA STATE UNIVERSITY | | | $35,000 |
JOHNSON COUNTY COMMUNITY COLLEGE | | | $28,000 |
KANSAS STATE UNIVERSITY | | | $19,500 |
METROPOLITAN COMMUNITY COLLEGE | | | $25,000 |
PARK UNIVERSITY | | | $30,000 |
UNIVERSITY OF KANSAS | | | $25,000 |