Valor Foundation Inc
- Assets
- $362.0k
- Revenue
- $61.3k
- Investments
- $291.5k
- Employees
- 0
- Location
- Hollywood, FL
- Founding
- 08/1989
- Data as of
- 12/2021
- EIN
- 58-1839448
Organization Overview
Valor Foundation Inc is located in Hollywood, FL. The organization was established in 1989. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION OF WRITINGS AND CLASS RECORDINGS TO LIBRARIES, SELECT GROUPS, BOOKSTORES, AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SELLS BOOKS AND TAPES OF THE "THE INFINITE WAY" RELIGIOUS TEACHINGS. THE INFINITE WAY IS DEDICATED TO THE PRINCIPLE THAT GOD CONSCIOUSNESS IS THE CONSCIOUSNESS OF INDIVIDUAL MAN AND CAN BE REACHED THROUGH THOUGHTFUL MEDITATION UPON THE TRUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herbert A Tobin Chairman/trustee | 1 | $0 | |
Lindsey Ropac Trustee | 1 | $0 | |
Cary Harwin Treasurer/trustee | 1 | $0 | |
Francine Tobin Secretary/trustee | 1 | $0 | |
Jodi Tobin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $140 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,284 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,533 |
| Capital Gain Net Income | $53,533 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,350 |
| Total Revenue | $61,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $97 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,110 |
| Total operating and administrative expenses | $24,392 |
| Contributions, gifts, grants paid | $6,300 |
| Total expenses and disbursements | $30,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,899 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $583 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $58,574 |
| Prepaid expenses and deferred charges | $419 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $361,960 |
| Accounts payable and accrued expenses | $4,236 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,236 |
Grants Awarded
Over the last fiscal year, Valor Foundation Inc has awarded $6,300 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: CHARITABLE | $700 |
SYLVESTER AT UNIVERSITY OF MIAMI PURPOSE: CHARITABLE | $700 |
Memphis, TN PURPOSE: CHARITABLE | $600 |
BROWARD OUTREACH CENTER PURPOSE: CHARITABLE | $600 |
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: CHARITABLE | $600 |
Pembroke Park, FL PURPOSE: CHARITABLE | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walter R Ferguson Charitable Foundation Charitable Foundation Fort Lauderdale, FL | $0 | $613,063 |
Telford Foundation Inc Naples, FL | $77,208,801 | $5,161,589 |
Wanda And James M Moran Jr Foundation Inc Deerfield Beach, FL | $6,609,461 | $5,004,559 |
Yarim Foundation Boca Raton, FL | $1,467,226 | $2,520,229 |
Arnold & Winnie Palmer Foundation Inc Orlando, FL | $20,742,397 | $2,603,528 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
W I H Pitts Charitable Tr Ua 110187 Orlando, FL | $39,439,716 | $4,048,727 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |
Fleming Family Foundation Jacksonville, FL | $35,811,592 | $3,215,572 |
Dana B Gulley And James K Gulley Memorial Trust Orlando, FL | $0 | $950,310 |
R Harold And Patsy Harrison Foundation Inc Brookhaven, GA | $31,730,871 | $2,128,634 |