Valley Day School

Tax-deductible

Morrisville, PA501(c)(3)Since 1957EIN 23-1526669

Valley day school is a private, non-profit, state-funded, special education school licensed by the pennsylvania department of education for students who are experiencing learning and/or adjustment difficulties.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 12 volunteers and 70 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 4
filings with a surplus
Average surplus $773K a year · 14% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$412K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.4M
-9% vs prior year
Spent
$5.4M
To programs
89%
Net assets
$7.4M
By yearFY2021–FY2024
Revenue
$6.4M
FY2024▼ -9%
Revenue by fiscal year
FY2021$5.0M
FY2022$5.3M
FY2023$5.4M
FY2024$7.1M
FY2024$6.4M
Expenses
$5.4M
FY2024▼ -0.5%
Expenses by fiscal year
FY2021$4.6M
FY2022$4.6M
FY2023$5.0M
FY2024$5.4M
FY2024$5.4M
Net assets
$7.4M
FY2024▲ +8%
Net assets by fiscal year
FY2021$4.3M
FY2022$4.6M
FY2023$5.0M
FY2024$6.8M
FY2024$7.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1961.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $4.8M Management & general 10% · $547K Fundraising 1% · $54K

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

Who runs it and what they're paid

16 people listed on the 990; $412K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$185,561Pt VII · Sec A
$119,541Pt VII · Sec A
Education Director
$107,264Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Dr Robert Phillips$185,561$174,847$176,123$138,304$104,308
James Romano$119,541$115,076———
Sean Matthews$107,264$105,317———
Ronald Paskanik—$106,445———

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 Valley Day School executive salaries →

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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 15aYes

Programs and updates

Provides licensed educational services for students.

Provided by the organization

This section is blank until Valley Day School claims this page.

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1 program service account for $4.8M of program spending, described in the organization's own filed words · FY2024.
01

The organization is a private, state aided special educational school licensed by the pennsylvania department of education for children ages 4-21 and in grades k-12+ of average intellectual potential who are experiencing learning or adjustment difficulties.

$4.8Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$300

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.4M
Ln 12
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$390K
Gifts and grantsLn 1h$33K
Money outPt IX
$5.4M
Ln 25
Programscol B$4.8M
Managementcol C$547K
Fundraisingcol D$54K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$597K
Total assetsLn 16$8.7M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
16
listed · VII A
PaidVII A3
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Government grantsLn 1e$33K
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$390K
Other incomeLn 4–11$27K
Gains on assetsLn 7−$53K
Total revenueLn 12$6.4M
Assets in detailPt X, end of year
CashLn 1$597K
Cash and savings togetherLn 1–2$597K
InvestmentsLn 11–13$7.2M
Land, buildings, equipmentLn 10c$738K
Other assetsLn 15$4K
Total assetsLn 16$8.7M
LiabilitiesLn 26$1.3M
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 570
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$558K$597K
InvestmentsLn 11–13$5.2M$7.2M
Land, buildings, equipmentLn 10c$800K$738K
Total assetsLn 16$7.6M$8.7M
LiabilitiesLn 26$721K$1.3M
Net assetsLn 32$6.8M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$212K$63K$148K
Other salaries and wagesLn 7$2.9M$2.8M$36K$35K
Pension plan contributionsLn 8$575K$540K$29K$7K
Other employee benefitsLn 9$448K$427K$15K$5K
Payroll taxesLn 10$242K$226K$14K$3K
Legal feesLn 11b$29K$5K$24K
Accounting feesLn 11c$93K$16K$77K
Investment management feesLn 11f$15K$15K
Other fees for servicesLn 11g$118K$20K$97K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$134K$73K$61K$405
Information technologyLn 14$4K$4K
OccupancyLn 16$42K$39K$2K$487
TravelLn 17$8K$8K
Depreciation, depletion and amortizationLn 22$78K$77K$2K
InsuranceLn 23$80K$75K$4K$881
Other expenses (24a–d)Ln 24$410K$388K$19K$2K
All other expensesLn 24e$32K$32K
Total functional expensesLn 25$5.4M$4.8M$547K$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $7.1M$5.4M$1.7M$6.8M 990 PDF
FY2023 $5.4M$5.0M$369K$5.0M 990 PDF
FY2022 $5.3M$4.6M$658K$4.6M 990 PDF
FY2021 $5.0M$4.6M$412K$4.3M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $6,431,423 across 8 lines filed
VIII-1e Government grants$32,900
VIII-1f All other contributions, gifts and grants$300
VIII-1h Total contributions, gifts and grants$33,200
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,981,580$5,981,580
VIII-3 Investment incomeExcluded from tax $442,961$442,961
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$52,858−$52,858
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $26,540$26,540
VIII-12 Total revenueRelated to mission $5,981,580 · Unrelated business $0 · Excluded from tax $416,643$6,431,423
Part IX · Statement of functional expenses $5,375,762 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $63,478 · Management $148,117$211,595
IX-7 Other salaries and wagesPrograms $2,780,776 · Management $36,358 · Fundraising $35,282$2,852,416
IX-8 Pension plan contributionsPrograms $539,995 · Management $28,612 · Fundraising $6,733$575,340
IX-9 Other employee benefitsPrograms $427,277 · Management $15,409 · Fundraising $5,367$448,053
IX-10 Payroll taxesPrograms $226,054 · Management $13,552 · Fundraising $2,811$242,417
IX-11b Legal feesPrograms $4,983 · Management $23,864$28,847
IX-11c Accounting feesPrograms $16,068 · Management $76,956$93,024
IX-11f Investment management feesManagement $14,528$14,528
IX-11g Other fees for servicesPrograms $20,347 · Management $97,445$117,792
IX-12 Advertising and promotionManagement $3,734$3,734
IX-13 Office expensesPrograms $72,788 · Management $60,617 · Fundraising $405$133,810
IX-14 Information technologyPrograms $4,163$4,163
IX-16 OccupancyPrograms $39,194 · Management $2,350 · Fundraising $487$42,031
IX-17 TravelPrograms $8,124$8,124
IX-22 Depreciation, depletion and amortizationPrograms $76,831 · Management $1,549$78,380
IX-23 InsurancePrograms $75,250 · Management $4,247 · Fundraising $881$80,378
IX-24 Other expenses (24a–d)Programs $388,106 · Management $19,198 · Fundraising $2,225$409,529
IX-24e All other expensesPrograms $31,601$31,601
IX-25 Total functional expensesPrograms $4,775,035 · Management $546,536 · Fundraising $54,191$5,375,762
Part X · Balance sheet $8,706,129 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $557,607$596,773
X-4 Accounts receivableStart of year $715,154$52,816
X-9 Prepaid expenses and deferred chargesStart of year $106,120$94,125
X-10c Land, buildings and equipment, netStart of year $799,685$738,355
X-11 Publicly traded securitiesStart of year $5,244,455$7,219,863
X-15 Other assetsStart of year $9,651$4,197
X-16 Total assetsStart of year $7,559,032$8,706,129
X-17 Accounts payable and accrued expensesStart of year $711,014$1,206,082
X-19 Deferred revenue$97,928
X-25 Other liabilitiesStart of year $9,782$4,197
X-26 Total liabilitiesStart of year $720,796$1,308,207
X-27 Net assets without donor restrictionsStart of year $6,830,250$7,397,922
X-28 Net assets with donor restrictionsStart of year $7,986$0
X-32 Total net assets or fund balancesStart of year $6,838,236$7,397,922
X-33 Total liabilities and net assetsStart of year $7,559,032$8,706,129
Part XI · Reconciliation of net assets $7,397,922 net assets at year end
XI-1 Total revenue$6,431,423
XI-2 Total expenses$5,375,762
XI-3 Revenue less expenses$1,055,661
XI-4 Net assets at start of year$6,838,236
XI-5 Net unrealized gains (losses) on investments$143,090
XI-8 Prior period adjustments−$639,065
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,397,922

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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