Valor Rva Inc
- Assets
- $1.4m
- Revenue
- $163.0k
- Investments
- $1.3m
- Employees
- 1
- Location
- Richmond, VA
- Founding
- 09/1989
- Data as of
- 12/2023
- EIN
- 54-1490449
Organization Overview
Valor Rva Inc, operating under the name Fka The Hundred Club Of Metropolitan Richmond Inc, is located in Richmond, VA. The organization was established in 1989. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fka The Hundred Club Of Metropolitan Richmond 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 12/2023, Fka The Hundred Club Of Metropolitan Richmond Inc generated $163.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $147.3k during the year ending 12/2023. While expenses have increased by 16.2% per year over the past 9 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
THE ORGANIZATION SOLICITS AND RECEIVES FUNDS AND PROPERTY FROM ITS DONORS WHICH INCLUDES THE GENERAL PUBLIC FOR THE PURPOSE OF DISTRIBUTING SAME AS VOLUNTARY, GRATUITOUS, AND CHARITABLE GIFTS THAT BENEFIT SAFETY RESPONDERS SERVING THE METROPOLITAN RICHMOND AREA AND/OR DEPENDENTS OF SUCH RESPONDERS IN THE EVENT OF DEATH OR PERMANENT DISABILITY OCCURING IN THE LINE OF DUTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL ASSISTANCE TO PURSUE A HIGH SCHOOL OR UNDERGRADUATE COLLEGE EDUCATION TO DEPENDENTS OF A SAFETY RESPONDER WHO WAS KILLED OR HAS BEEN PERMANENTLY DISABLED IN THE LINE OF DUTY. TO ASSIST WITH THE PAYMENT OF EXPENSES ASSOCIATED WITH THE FUNERAL PROCESS FOR A DECEASED SAFETY RESPONDER. TO SPONSOR OR PARTICIPATE IN EVENTS THAT HONOR, OR TO MAKE AWARDS TO THOSE SAFETY RESPONDERS WHO HAVE RENDERED OUTSTANDING SERVICE TO THE COMMUNITY OF METROPOLITAN RICHMOND, VIRGINIA. TO ASSIST WITH THE PAYMENT OF LIVING EXPENSES PENDING THE RECEIPT OF INSURANCE AND OTHER BENEFIT PAYMENTS. TO ASSIST IN ANY OTHER MANNER DEEMED APPROPRIATE AND APPROVED BY THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Aronson Director | Trustee | 1 | $0 |
Paul Carnes Director | Trustee | 1 | $0 |
Richard Hendrick Director | Trustee | 1 | $0 |
Thomas Jefferson III Director | Trustee | 1 | $0 |
Diana Mcmahon Director | Trustee | 2 | $0 |
Pete Olson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $130,910 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,291 |
| Total Program Service Revenue | $0 |
| Investment income | $45,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,709 |
| Net Income from Fundraising Events | -$45,950 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $163,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,000 |
| Grants and other assistance to domestic individuals. | $28,972 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $22,868 |
| Compensation of current officers, directors, key employees. | $22,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,898 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,700 |
| Office expenses | $16,983 |
| Information technology | $460 |
| 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 | $519 |
| Insurance | $512 |
| All other expenses | $132 |
| Total functional expenses | $147,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,202 |
| Savings and temporary cash investments | $0 |
| 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 | $347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,300,754 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,359,303 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,359,303 |
| Total liabilities and net assets/fund balances | $1,359,303 |
Grants Awarded
Over the last fiscal year, Valor Rva Inc has awarded $37,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RETAIL MERCHANTS ASSOCIATION PURPOSE: 2021 VALOR AWARDS PLATINUM SPONSORSHIP | $7,000 |
RICHMOND AMBULANCE AUTHORITY PURPOSE: CONTRIBUTION FOR EQUIPMENT | $30,000 |