Valley Charities Inc
- Assets
- $2.5m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 50
- Location
- Wasilla, AK
- Founding
- 12/1992
- Data as of
- 06/2023
- EIN
- 92-0130785
Organization Overview
Valley Charities Inc is located in Wasilla, AK. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2023, Valley Charities Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Charities 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 06/2023, Valley Charities Inc generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $15.3m during the year ending 06/2023. While expenses have increased by 33.2% per year over the past 8 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, Valley Charities Inc has awarded 40 individual grants totaling $3,797,922. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
"CONNECTING THOSE WHO NEED HELP WITH THE HELP THEY NEED-; WE SERVE OUR ECONOMICALLY DISADVANTAGED NEIGHBORS WITH HOUSING/UTILITY ASSISTANCE, LOANING MEDICAL EQUIPMENT, AND PROVIDING CLOTHING IN-KIND. WE VALUE PARTNERSHIPS THAT ENRICH THE LIVES OF OUR BOROUGH NEIGHBORS THAT ARE TRYING TO MAKE ENDS MEET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING ASSISTANCE PROGRAMS: THROUGH SEVERAL GRANTS, WE PARTNER WITH SEVEN OTHER MAT-SU AGENCIES TO PROVIDE HOUSING ASSOCIATED SERVICES TO PREVENT RESIDENTS FROM BEING HOMELESS.
MERCHANDISE VOUCHERS/THRIFT STORE: THIS PROGRAM RECYCLES DONATED GOODS TO BENEFIT THOSE IN MOST NEED BY PROVIDING CLOTHING IN-KIND. THIS PROGRAM IS OPERATED THROUGH OUR THRIFT STORE: WHICH IS OWNED BY A VOLUNTEER BOARD; ALL THRIFT STORE PROCEEDS ARE ALLOCATED TO PROGRAMS AND OPERATIONS. ADDITIONALLY, A MEDICAL EQUIPMENT LENDING PROGRAM PROVIDES MEDICAL EQUIPMENT TO RESIDENTS LIVING IN THE MAT-SU VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Rozzi CEO | Officer | 40 | $90,002 |
Kimberly Byrwa CFO | Officer | 40 | $68,477 |
Jeremy Collier President | OfficerTrustee | 1 | $0 |
Mabel Wimmer Vice Preside | Trustee | 1 | $0 |
Debbie Melton Secretary | OfficerTrustee | 1 | $0 |
Mae Hayes Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,374,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $508,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,882,994 |
| Total Program Service Revenue | $0 |
| Investment income | $582 |
| 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 | -$29,908 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,853,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $734,166 |
| Grants and other assistance to domestic individuals. | $12,556,857 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,450 |
| Compensation of current officers, directors, key employees. | $20,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,318,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,302 |
| Advertising and promotion | $22,010 |
| Office expenses | $64,879 |
| Information technology | $347 |
| Royalties | $0 |
| Occupancy | $126,926 |
| Travel | $21,889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,373 |
| Interest | $35,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,203 |
| Insurance | $24,469 |
| All other expenses | $0 |
| Total functional expenses | $15,276,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $1,001,376 |
| Pledges and grants receivable | $318,240 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $133,514 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $966,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,592 |
| Total assets | $2,460,772 |
| Accounts payable and accrued expenses | $147,038 |
| 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 | $821,620 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $968,658 |
| Net assets without donor restrictions | $489,391 |
| Net assets with donor restrictions | $1,002,723 |
| 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 | $2,460,772 |
Grants Awarded
Over the last fiscal year, Valley Charities Inc has awarded $726,163 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BLOOD-N-FIRE MINISTRIES PURPOSE: HOMELESS ASSISTANCE | $593,838 |
DAYBREAK INC PURPOSE: HOMELESS ASSISTANCE | $76,834 |
FAMILY PROMISE PURPOSE: HOMELESS ASSISTANCE | $55,491 |