Valentine Foundation
- Assets
- $9.3m
- Revenue
- $1.1m
- Investments
- $9.0m
- Employees
- 0
- Location
- Westlake Village, CA
- Founding
- 06/2010
- Data as of
- 12/2021
- EIN
- 90-0527475
Organization Overview
Valentine Foundation is located in Westlake Village, CA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valentine 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 12/2021, Valentine Foundation generated $1.1m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 86.9% per year over the past 7 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.
Since 2015, Valentine Foundation has awarded 25 individual grants totaling $2,854,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malcolm G Meador President/director | 1.5 | $22,500 | |
Francis Dawson Director | 0.3 | $20,000 | |
Clint Howard Director | 0.3 | $20,000 | |
Philip Panitz Secretary/director | 0.3 | $20,000 | |
Frank Perna Treasurer/director | 0.3 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,509 |
| Interest on Savings | $0 |
| Dividends & Interest | $255,827 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $804,670 |
| Capital Gain Net Income | $804,670 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,066,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $102,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,361 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $120 |
| Printing and publications | $0 |
| Other expenses | $744 |
| Total operating and administrative expenses | $239,257 |
| Contributions, gifts, grants paid | $1,070,000 |
| Total expenses and disbursements | $1,309,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $253,613 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,269,328 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Valentine Foundation has awarded $1,070,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG MENS CHRISTIAN ASSOCIATION OF SOUTHEAST VENT PURPOSE: GENERAL OPERATING SUPPORT | $310,000 |
Bronx, NY PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
Coral Gables, FL PURPOSE: GENERAL OPERATING SUPPORT | $210,000 |
Flint, MI PURPOSE: GENERAL OPERATING SUPPORT | $195,000 |
Reston, VA PURPOSE: GENERAL OPERATING SUPPORT | $55,000 |
GUIDE DOGS OF AMERICA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |