George And Lena Valente Foundation
- Assets
- $9.6m
- Revenue
- $238.0k
- Investments
- $9.6m
- Employees
- 0
- Location
- El Macero, CA
- Founding
- 05/1996
- Data as of
- 09/2023
- EIN
- 68-0370358
Organization Overview
George And Lena Valente Foundation is located in El Macero, CA. The organization was established in 1996. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George And Lena Valente 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 09/2023, George And Lena Valente Foundation generated $238.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $611.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George And Lena Valente Foundation has awarded 252 individual grants totaling $5,926,842. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda L Volkerts President | 2 | $0 | |
Keith Volkerts Vice President/secretary | 5 | $0 | |
Jared Monez Board Member | 0.15 | $500 | |
Drake Volkerts Board Member | 0.15 | $500 | |
Gene Hume Treasurer | 0.15 | $500 | |
Theresa Pepin Board Member | 0.15 | $500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Presidium Partners Llc | 9/29/23 | $900 |
Hume And Company Inc Cpa's | 9/29/23 | $450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,793 |
| Dividends & Interest | $494,077 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$268,858 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $238,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,110 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,796 |
| Contributions, gifts, grants paid | $600,000 |
| Total expenses and disbursements | $611,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,386 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,629,893 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,646,279 |
| Accounts payable and accrued expenses | $1,971 |
| 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 | $1,971 |
Grants Awarded
Over the last fiscal year, George And Lena Valente Foundation has awarded $600,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
CHOICE IN AGING PURPOSE: PROGRAM FUNDING | $10,000 |
CHRISTIAN BROTHERS HIGH SCHOOL PURPOSE: EDUCATIONAL PROGRAMS | $30,000 |
CRISTO REY HIGH SCHOOL PURPOSE: EDUCATIONAL PROGRAMSEDUCATIONAL PROGRAMS | $30,000 |
COLLABRIA NAPA VALLEY HOSPICE PURPOSE: PROGRAM FUNDING | $5,000 |
DAVIS FARMERS MARKET ALLIANCE PURPOSE: FOOD PROGRAMS | $10,000 |
DAVIS COMMUNITY MEALS PURPOSE: FOOD & SHELTER PROGRAMSFOOD PROGRAMS | $25,000 |