Valeo Inc
- Assets
- $307.6k
- Revenue
- $605.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Clumbia, SC
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 52-1863010
Organization Overview
Valeo Inc is located in Clumbia, SC. The organization was established in 1995. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Valeo Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valeo Inc 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 12/2021, Valeo Inc generated $605.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $594.2k during the year ending 12/2021. While expenses have increased by 7.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VALEO IS DEDICATED TO ENABLING GLOBAL WORKERS TO THRIVE VALEO EXCLUSIVELY SERVES THOSE SENT TO MINISTER CROSS-CULTURALLY BY PROVIDING PREVENTATIVE AND RESTORATIVE CARE TO STRENGTHEN THEIR WELL-BEING AND MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALEO DEVELOPS EMOTIONAL, RELATIONAL AND SPIRITUAL HEALTH IN CLIENTS THROUGH DEBRIEFING, SPIRITUAL DIRECTION, COUNSELING, PSYCHIATRIC CARE, CHECK UPS AND CONSULTING. CLIENTS INCLUDE GLOBAL WORKERS AND FAMILIES, SENDING CHURCHES, AND SENDING ORGANIZATIONS. DELIVERY OF SERVICES OCCURS IN COLUMBIA, SOUTH CAROLINA, INDONESIA AND OVER THE INTERNET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Mcgown Executive Di | Officer | 40 | $85,468 |
Bill Branigan President | OfficerTrustee | 1 | $0 |
Vicki Bowles Treasurer | OfficerTrustee | 1 | $0 |
Celia Deneen Director | Trustee | 1 | $0 |
Karl Schoenleber Director | Trustee | 1 | $0 |
Spencer Amaral Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,335 |
| Total Program Service Revenue | $293,205 |
| Investment income | $93 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$74 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $605,481 |
| 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. | $85,468 |
| Compensation of current officers, directors, key employees. | $25,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,600 |
| Advertising and promotion | $36,406 |
| Office expenses | $10,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,658 |
| Travel | $14,467 |
| 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 | $2,210 |
| Insurance | $11,635 |
| All other expenses | $8,029 |
| Total functional expenses | $594,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,176 |
| Savings and temporary cash investments | $197,011 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,250 |
| 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 | $9,886 |
| Net Land, buildings, and equipment | $6,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $307,600 |
| Accounts payable and accrued expenses | $2,000 |
| 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 | $2,000 |
| Net assets without donor restrictions | $172,671 |
| Net assets with donor restrictions | $132,929 |
| 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 | $307,600 |
Grants Awarded
Over the last fiscal year, Valeo Inc has awarded $5,388 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Bend, OR PURPOSE: Ministry | $4,612 |
Arroyo Grande, CA PURPOSE: Ministry | $776 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Valeo Inc has recieved totaling $38,000.
| Awarding Organization | Amount |
|---|---|
Columbia International University Columbia, SC PURPOSE: General support | $25,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corporate Chaplains Of America Inc Wake Forest, NC | $14,993,771 | $19,711,827 |
Lake Junaluska Assembly Inc Lake Junaluska, NC | $31,377,440 | $12,754,761 |
Holy Angels Inc Belmont, NC | $12,927,862 | $9,334,354 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Proverbs 31 Ministry Inc Matthews, NC | $13,247,275 | $7,018,606 |
Buckhead Christian Ministry Inc Atlanta, GA | $4,936,507 | $4,578,885 |
Lsa Elms At Tanglewood Inc Salisbury, NC | $5,908,421 | $4,986,081 |
Repairers Of The Breach Inc Goldsboro, NC | $11,539,240 | $12,587,715 |
The Church Initiative Inc Wake Forest, NC | $4,823,677 | $3,131,625 |
North Georgia Camp And Retreat Ministries Inc Dahlonega, GA | $18,005,770 | $6,432,475 |
Positive Growth Inc Clarkston, GA | $2,300,223 | $3,242,326 |
Robert Toombs Christian Academy Inc Lyons, GA | $1,791,394 | $2,530,750 |