Lavalley INC FY2023 filing

Tax-deductible

Howards Grove, WI501(c)(3)AnimalsEIN 20-0144561Revenue $207K in FY2023

On file with the IRSthriftyfringe.com820 Madison Ave, 53083-1133 · Howards Grove, WITax-exempt since Apr 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Fringe benefits thrift store creates on-going funding to benefit all animals through humane programs, organizations and sheltering. We enhance animal welfare and contribute to the preservation of wildlife and natural habitat. The fund we raise are distributed to no-profit animal welfare organizations and nature preserves & conservancies through our grant program.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $27K a year · 16% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$279K
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$207K
+4% vs prior year
Spent
$221K
To programs
97%
Net assets
$161K
By yearFY2020–FY2024
Revenue
$207K
FY2023▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$129K
FY2021$263K
FY2022$199K
FY2023$207K
FY2024$37K
Expenses
$221K
FY2023▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$132K
FY2021$266K
FY2022$231K
FY2023$221K
FY2024$119K
Net assets
$161K
FY2023▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$8K
FY2021$5K
FY2022$175K
FY2023$161K
FY2024$78K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $214K Management & general 3% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary/Treasurer
$42,367Pt VII · Sec A
President
$31,811Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Rachel S Nick’s $25K as Secretary/Treasurer is at the 69th percentile of top reported officer pay among 83 <$100K animals 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rachel S Nick$25,000$42,367$35,385$33,628$18,540
Dana Schmidt$25,000$31,811———
Rebecca L Sylvester——$21,062$15,607$8,449

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.

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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

Funds animal welfare programs, shelters, and wildlife conservation through thrift store sales.

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Provided by the organization

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2 programs · $214K · in their own filed words · FY2023
01

Donations to 501(c)3 organizations for prevention of cruelty to animals.

$214Kprogram expense
02

Operations for nature preserve, resources for animal cruelty.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $54K · 2021–2021
Lavalley Nature and Equine Sanctuary INCFY2021$53,878

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$207K
Ln 12
Other incomeLn 4–11$196K
Gifts and grantsLn 1h$8K
Investment incomeLn 3$3K
Money outPt IX
$221K
Ln 25
Programscol B$214K
Managementcol C$7K
Owns and owesPt X
$161K
net assets · Ln 32
Cash and savingsLn 1–2$73K
Total assetsLn 16$440K
LiabilitiesLn 26$279K
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Fees for servicesLn 2g$296
Investment incomeLn 3$3K
Other incomeLn 4–11$196K
Total revenueLn 12$207K
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$53K
Cash and savings togetherLn 1–2$73K
Land, buildings, equipmentLn 10c$357K
Other assetsLn 15$4K
Total assetsLn 16$440K
LiabilitiesLn 26$279K
Net assetsLn 32$161K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$98K$73K
Land, buildings, equipmentLn 10c$185K$357K
Total assetsLn 16$292K$440K
LiabilitiesLn 26$117K$279K
Net assetsLn 32$175K$161K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$775$775
Pay of disqualified personsLn 6$74K$69K$5K
Other salaries and wagesLn 7$31K$31K
Pension plan contributionsLn 8$4K$4K
Payroll taxesLn 10$8K$8K$750
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$6K$6K$1K
Advertising and promotionLn 12$6K$6K
OccupancyLn 16$48K$48K
InterestLn 20$7K$7K
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$6K$6K
All other expensesLn 24e$64$64
Total functional expensesLn 25$221K$214K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $37K$119K−$82K$78K 990 PDF
FY2023 Viewing $207K$221K−$14K$161K 990 PDF
FY2022 $199K$231K−$32K$175K 990 PDF
FY2021 $263K$266K−$4K$5K 990 PDF
FY2020 $129K$132K−$2K$8K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $207,109 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$8,016
I-9 Program service revenuePrior year $0$296
I-10 Investment incomePrior year $3,344$3,290
I-11 Other revenuePrior year $195,705$195,507
I-12 Total revenuePrior year $199,049$207,109
I-13 Grants and similar amounts paidPrior year $750$775
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $126,150$117,302
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $103,965$103,115
I-18 Total expensesPrior year $230,865$221,192
I-19 Revenue less expensesPrior year −$31,816−$14,083
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $207,109 across 5 lines filed
Lines not itemized here account for $195,507 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$8,016
VIII-1h Total contributions, gifts and grants$8,016
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $296$296
VIII-3 Investment incomeRelated to mission $3,290$3,290
VIII-12 Total revenueRelated to mission $199,093 · Unrelated business $0 · Excluded from tax $0$207,109
Part IX · Statement of functional expenses $221,192 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $775$775
IX-6 Pay of disqualified personsPrograms $69,178 · Management $5,000$74,178
IX-7 Other salaries and wagesPrograms $30,647$30,647
IX-8 Pension plan contributionsPrograms $4,146$4,146
IX-10 Payroll taxesPrograms $7,581 · Management $750$8,331
IX-11b Legal feesPrograms $4,749$4,749
IX-11c Accounting feesPrograms $5,500 · Management $1,000$6,500
IX-12 Advertising and promotionPrograms $5,829$5,829
IX-16 OccupancyPrograms $48,137$48,137
IX-20 InterestPrograms $6,536$6,536
IX-22 Depreciation, depletion and amortizationPrograms $18,708$18,708
IX-23 InsurancePrograms $6,806$6,806
IX-24 Other expenses (24a–d)Programs $5,786$5,786
IX-24e All other expensesPrograms $64$64
IX-25 Total functional expensesPrograms $214,442 · Management $6,750 · Fundraising $0$221,192
Part X · Balance sheet $439,795 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $2,342$19,177
X-2 Savings and temporary cash investmentsStart of year $95,238$53,328
X-8 Inventories for sale or useStart of year $5,504$6,430
X-10c Land, buildings and equipment, netStart of year $185,404$357,360
X-15 Other assetsStart of year $3,500$3,500
X-16 Total assetsStart of year $291,988$439,795
X-17 Accounts payable and accrued expensesStart of year $7,345$18,310
X-26 Total liabilitiesStart of year $117,345$279,235
X-27 Net assets without donor restrictionsStart of year $174,643$160,560
X-32 Total net assets or fund balancesStart of year $174,643$160,560
X-33 Total liabilities and net assetsStart of year $291,988$439,795
Part XI · Reconciliation of net assets $160,560 net assets at year end
XI-1 Total revenue$207,109
XI-2 Total expenses$221,192
XI-3 Revenue less expenses−$14,083
XI-4 Net assets at start of year$174,643
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$160,560

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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