Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
99 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
8 people listed on the 990; $7K paid to officers and key staff.
Karen Martino’s $7K as Administrator is at the 15th percentile of top reported officer pay among 1216 $100K–1M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Karen Martino | $6,588 | $7,588 | $6,888 | $6,688 | $7,893 |
| Rich Austin | — | — | — | $600 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Valhalla Teachers Assn Benefit Fund executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Offers health and welfare benefits to those in need.
Questions for Valhalla Teachers Assn Benefit Fund
Your first name shows with your question. Valhalla Teachers Assn Benefit Fund answers here, for everyone.
To provide teachers, administrators, SRPs and retirees of the Valhalla Union Free School District with dental, optical, medical and legal service benefits.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $318K | $299K |
| Total assetsLn 16 | $318K | $299K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $318K | $299K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $568K | $568K | ||
| Pay of current officers, directors and key staffLn 5 | $7K | $7K | $0 | $0 |
| Management feesLn 11a | $2K | $0 | $2K | $0 |
| Accounting feesLn 11c | $2K | $0 | $2K | $0 |
| InsuranceLn 23 | $600 | $0 | $600 | $0 |
| Other expenses (24a–d)Ln 24 | $761 | $0 | $761 | $0 |
| Total functional expensesLn 25 | $581K | $575K | $6K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Oct 28, 2025 | $562K | $581K | −$19K | $299K | 990 PDF |
| FY2024Filed with the IRS Nov 7, 2024 | $526K | $462K | $65K | $318K | 990 PDF |
| FY2023Filed with the IRS Oct 4, 2023 | $510K | $438K | $72K | $253K | 990 PDF |
| FY2022Filed with the IRS Oct 14, 2022 | $295K | $409K | −$114K | $182K | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2021 | $658K | $388K | $270K | $295K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $561,965 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 3 to look at
Part VIII · Statement of revenue $561,965 across 3 lines filed
Part IX · Statement of functional expenses $580,780 across 6 lines filed
Part X · Balance sheet $299,112 assets, 7 lines filed
Part XI · Reconciliation of net assets $299,112 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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