Van Noy Valor Foundation Inc
- Assets
- $22.9k
- Revenue
- $44.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, KY
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 84-1860644
Organization Overview
Van Noy Valor Foundation Inc is located in Florence, KY. The organization was established in 2019. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Van Noy 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.
For the year ending 12/2022, Van Noy Valor Foundation Inc generated $44.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.6%) each year. All expenses for the organization totaled $148.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGING PERSONAL VALOR IN THE LIVES OF ADOPTED CHILDREN, THOSE IN FOSTER CARE AND DISADVANTAGED YOUTH BY ARMORING THEM WITH SUCCESS THROUGH RESOURCES, MENTORS AND OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLIDAY PARTY - KYLE & MARISSA HOST FINANCIALLY AT-RISK FOSTER FAMILIES TO PROVIDE THEM WITH THE GIFT OF CHRISTMAS. CHILDREN ARE GIFTED TOYS AND CUSTOM BUILD-A-BEARS AS THE VAN NOYS LOOK TO SPREAD SOME CHRISTMAS CHEER. EACH FAMILY RECEIVES A LIVE CHRISTMAS TREE COMPLETE WITH DECORATIONS AND LIGHTS, A CUSTOM VAN NOY VALOR FOUNDATION ORNAMENT, A POLAR EXPRESS BOOK, AND A GIFT CARD FOR GROCERIES. THE FAMILIES AND CHILDREN ALSO GET TO EXPERIENCE A VERY VAN NOY CHRISTMAS WONDERLAND COMPLETE WITH SANTA, COOKIE DECORATING, A LIVE DJ, AND OTHER HOLIDAY ACTIVITIES. THE FOUNDATION SERVED 53 FOSTER FAMILIES OR APPROXIMATELY 212 INDIVIDUALS (FOSTER CHILDREN AND PARENTS) IN THE INDOOR PORTION OF THE VERY VAN NOY CHRISTMAS AND 130 FOSTER FAMILIES OR APPROXIMATELY 560 INDIVIDUALS (FOSTER CHILDREN AND PARENTS) IN THE OUTDOOR PORTION OF THE PROGRAM, FOR A TOTAL OF 772 INDIVIDUALS.
THE VAN NOY VALIANT KNIGHTS PROGRAM IS THE PREMIER ACADEMIC INTERNSHIP AND SCHOLARSHIP PROGRAM FOR STUDENTS AGING OUT OF FOSTER CARE. IN 2021, TWO LUCKY COLLEGE STUDENTS RECEIVED PAID INTERNSHIPS WITH THOUGHT INDUSTRIES. ADDITIONALLY, A COLLEGE SCHOLARSHIP WAS AWARDED TO A STUDENT FOR THE SCHOOL YEAR 2021-22.
GENERAL ASSISTANCE IN ENCOURAGING PERSONAL VALOR IN THE LIVES OF ADOPTED CHILDREN, THOSE IN FOSTER CARE AND DISADVANTAGED YOUTH BY ARMORING THEM WITH SUCCESS THROUGH RESOURCES, MENTORS AND OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Van Noy President | OfficerTrustee | 2 | $0 |
Marissa Van Noy Vice Preside | OfficerTrustee | 2 | $0 |
Blaine Roche Secretary/tr | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,868 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,006 |
| Noncash contributions included in lines 1a–1f | $34,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,874 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$86,341 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $10,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $38,236 |
| Fees for services: Legal | $3,328 |
| Fees for services: Accounting | $302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,138 |
| Advertising and promotion | $14,287 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,153 |
| All other expenses | $0 |
| Total functional expenses | $148,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $783 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,723 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,905 |
| Accounts payable and accrued expenses | $15,629 |
| 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 | $15,629 |
| Net assets without donor restrictions | $7,276 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $22,905 |
Grants Awarded
Over the last fiscal year, Van Noy Valor Foundation Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
REGIS COLLEGE PURPOSE: SCHOLARSHIP | $10,000 |
U MASS - AMHERST PURPOSE: SCHOLARSHIP | $10,000 |
BRIDGEWATER STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $10,000 |