Valo
- Assets
- $1.7m
- Revenue
- $232.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Freeport, ME
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 83-3292625
Organization Overview
Valo is located in Freeport, ME. The organization was established in 2019. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Valo employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valo 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, Valo generated $232.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (55.1%) each year. All expenses for the organization totaled $444.1k during the year ending 12/2021. 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
WE BELIEVE IN THE POWER OF TEENS TO BUILD COMMUNITY, ONE MEANIGFUL CONNECTION AT A TIME. WE BELIEVE IN TEENS' CAPACITY TO DISCOVER WHO THEY ARE, WHAT THEY BELIEVE, AND THEIR ABILITY TO BRING LIGHT AND LOVE TO THE WORLD. VALO CREATES SPACES WHERE TEENS CAN GET AWAY FROM IT ALL. FEEL INDEPENDENT, UNPLUG, AND HAVE FUN. A PLACE OF BELONGING FOR YOUTH TO HAVE DEEP CONVERSATIONS AND FEEL EMPOWERED AS THEY IGNITE A FUTURE WITH HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM 1 (RIPPLE) TOOK TEENS ON TWO WEEKEND RETREATS IN 2021. ON THESE RETREATS, GUIDES HELPED TEENS COME TO KNOW THEMSELVES AND LEARN HOW TO CONNECT MEANINGFULLY WITH OTHERS (WHILE UNPLUGGED) THROUGH COMMUNAL LIVING, CONVERSATION, CREATING, TIME TO THEMSELVES, SAFE RISK TAKING, AND JOURNAL REFLECTIONS. IN ADDITION, SENIORS IN THE PROGRAM TOOK ON LEADERSHIP ROLES BY DESIGNING AND LEADING MANY ASPECTS OF THE RETREATS, MOST SIGNIFICANTLY THE GROUP CONVERSATIONS. FROM JANUARY -JUNE 2021, PROGRAM 1 MET MONTHLY FOR SHORTER DURATIONS BECAUSE OF COVID. WHEN POSSIBLE, THE GROUP MET IN PERSON (SOCIALLY DISTANCED, MASKED, AND OUTSIDE) FOR 2-8 HOURS DOING ACTIVITIES DESCRIBED ABOVE.
PROGRAM 4 (TWILIGHT) TOOK TEENS ON THREE WEEKEND RETREATS IN 2021. ON THESE RETREATS, GUIDES HELPED TEENS COME TO KNOW THEMSELVES AND LEARN HOW TO CONNECT MEANINGFULLY WITH OTHERS (WHILE UNPLUGGED) THROUGH COMMUNAL LIVING, CONVERSATIONS, CREATING, TIME TO THEMSELVES, SAFE RISK TAKING, AND JOURNAL REFLECTIONS. IN ADDITION, SENIORS IN THE PROGRAM TOOK ON LEADERSHIP ROLES BY DESIGNING AND LEADING MANY ASPECTS OF THE RETREATS. FROM JANUARY -JUNE 2021, PROGRAM 4 MET MONTHLY FOR SHORTER DURATIONS BECAUSE OF COVID. WHEN POSSIBLE, THE GROUP MET IN PERSON (SOCIALLY DISTANCED, MASKED, AND OUTSIDE) FOR 2-8 HOURS DOING ACTIVITIES DESCRIBED ABOVE.
PROGRAM 2 (TIDES) TOOK TEENS ON TWO WEEKEND RETREATS IN 2021. ON THESE RETREATS, GUIDES HELPED TEENS COME TO KNOW THEMSELVES AND LEARN HOW TO CONNECT MEANINGFULLY WITH OTHERS (WHILE UNPLUGGED) THROUGH COMMUNAL LIVING, CONVERSATIONS, CREATING, TIME TO THEMSELVES, SAFE RISK TAKING, AND JOURNAL REFLECTIONS. IN ADDITION, SENIORS IN THE PROGRAM TOOK ON LEADERSHIP ROLES BY DESIGNING AND LEADING MANY ASPECTS OF THE RETREATS. FROM JANUARY -JUNE 2021, PROGRAM 2 MET MONTHLY FOR SHORTER DURATIONS BECAUSE OF COVID. WHEN POSSIBLE, THE GROUP MET IN PERSON (SOCIALLY DISTANCED, MASKED, AND OUTSIDE) FOR 2-8 HOURS DOING ACTIVITIES DESCRIBED ABOVE.
THIS PROGRAM TOOK TEENS ON SEVEN WEEKEND RETREATS IN 2021. ON THESE RETREATS, GUIDES HELPED TEENS COME TO KNOW THEMSELVES AND LEARN HOW TO CONNECT MEANINGFULLY WITH OTHERS (WHILE UNPLUGGED) THROUGH COMMUNAL LIVING, CONVERSATION, CREATING, TIME TO THEMSELVES,SAFE RISK TAKING AND JOURNAL REFLECTIONS. IN ADDITION, SENIORS IN THE PROGRAM TOOK ON LEADERSHIP ROLES BY DESIGNING AND LEADING MANY ASPECTS OF THE RETREATS, MOST SIGNIFICANTLY THE GROUP CONVERSATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Anderson Executive Director | 40 | $118,215 | |
Nancy Kennedy Treasurer | Officer | 1 | $0 |
Jay Tobias President | Officer | 1 | $0 |
Sam Boss Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,760 |
| Noncash contributions included in lines 1a–1f | $93,524 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,505 |
| Total Program Service Revenue | $0 |
| Investment income | $3,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,917 |
| 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. | $118,215 |
| Compensation of current officers, directors, key employees. | $17,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,700 |
| Payroll taxes | $28,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $185 |
| Fees for services: Accounting | $9,523 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,026 |
| Advertising and promotion | $1,745 |
| Office expenses | $3,616 |
| Information technology | $2,724 |
| Royalties | $0 |
| Occupancy | $23,659 |
| Travel | $2,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,313 |
| All other expenses | $781 |
| Total functional expenses | $444,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,644 |
| Savings and temporary cash investments | $200,241 |
| Pledges and grants receivable | $983,068 |
| Accounts receivable, net | $124,493 |
| 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 | $5,902 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $200,241 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $93,524 |
| Other assets | $0 |
| Total assets | $1,683,872 |
| Accounts payable and accrued expenses | $14,977 |
| 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 | $14,977 |
| Net assets without donor restrictions | $685,827 |
| Net assets with donor restrictions | $983,068 |
| 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 | $1,683,872 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Valo has recieved totaling $505.
| Awarding Organization | Amount |
|---|---|
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boys And Girls Club Of Kennebec Valley Gardiner, ME | $13,245,691 | $3,988,355 |
My Place Teen Center Inc Westbrook, ME | $1,811,689 | $1,128,361 |
Nashua Police Athletic League Nashua, NH | $997,388 | $860,842 |
Neighborhood House Club Northeast Harbor, ME | $5,887,051 | $1,091,451 |
Richie Mcfarland Childrens Center Stratham, NH | $0 | $634,602 |
Valo Freeport, ME | $1,683,872 | $232,917 |
Manchester Police Athletic League Inc Manchester, NH | $1,097,361 | $343,298 |
The Morton Foundation Inc Cape Neddick, ME | $1,585,850 | $128,310 |
Mahoosuc Kids Association Inc Bethel, ME | $716,553 | $419,350 |
Kingswood Youth Center Wolfeboro Falls, NH | $1,241,742 | $494,360 |
Benevolent & Protective Order Of Elks Of The Usa Claremont, NH | $210,342 | $212,693 |
Londonderry Soccer Club Londonderry, NH | $215,714 | $189,227 |