Club Valiants INC: Nonprofit Profile, Financials & Form 990 (EIN 23-7453054)

Revenue by fiscal year
FY2020	$0
FY2021	$160K
FY2022	$160K
FY2023	$155K
FY2024	$161K

Expenses by fiscal year
FY2020	$0
FY2021	$80K
FY2022	$222K
FY2023	$166K
FY2024	$178K

Net assets by fiscal year
FY2020	$425K
FY2021	$0
FY2022	$0
FY2023	$0
FY2024	$586K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1975.

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

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $158K Management & general 11% · $19K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Martin Gillis

Treasurer

$0Pt VII · Sec A

See Club Valiants INC 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

Encourages minority participation in firefighting within the Philadelphia Fire Department.

Questions for Club Valiants INC

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1 program · $158K · in their own filed words · FY2024

01

Organization encourages minority participation inn fire fighting profesiion in philadelphia fire department

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7453054) · Dispute this line

$158Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$161K

Ln 12

Other incomeLn 4–11$161K

Money outPt IX

$178K

Ln 25

Programscol B$158K

Managementcol C$19K

Owns and owesPt X

$586K

net assets · Ln 32

Cash and savingsLn 1–2$89K

Total assetsLn 16$586K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Other incomeLn 4–11$161K

Total revenueLn 12$161K

Assets in detailPt X, end of year

CashLn 1$89K

Cash and savings togetherLn 1–2$89K

Land, buildings, equipmentLn 10c$495K

Other assetsLn 15$2K

Total assetsLn 16$586K

LiabilitiesLn 26$0

Net assetsLn 32$586K

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$114K	$89K
Land, buildings, equipmentLn 10c	$486K	$495K
Total assetsLn 16	$602K	$586K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$602K	$586K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$3K	$0	$3K	$0
Office expensesLn 13	$6K	$4K	$1K	$0
OccupancyLn 16	$54K	$40K	$13K	$0
Payments to affiliatesLn 21	$20K	$20K	$0	$0
InsuranceLn 23	$11K	$11K	$0	$0
Other expenses (24a–d)Ln 24	$85K	$83K	$2K	$0
Total functional expensesLn 25	$178K	$158K	$19K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS May 10, 2025	$161K	$178K	−$16K	$586K	990 PDF
FY2023Filed with the IRS May 13, 2024	$155K	$166K	−$11K	$0	990 PDF
FY2022Filed with the IRS May 18, 2023	$160K	$222K	−$62K	$0	990 PDF
FY2021Filed with the IRS May 13, 2022	$160K	$80K	$80K	$0	990 PDF
FY2020Filed with the IRS May 20, 2021	$0	$0	$0	$425K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $161,192 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenuePrior year $154,946$161,192

I-12 Total revenuePrior year $154,946$161,192

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $165,913$177,511

I-18 Total expensesPrior year $165,913$177,511

I-19 Revenue less expensesPrior year −$10,967−$16,319

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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 $161,192 across 1 lines filed

Lines not itemized here account for $161,192 of total revenue; see the IRS return.

VIII-12 Total revenueRelated to mission $161,192 · Unrelated business $0 · Excluded from tax $0$161,192

Part IX · Statement of functional expenses $177,511 across 6 lines filed

IX-11c Accounting feesPrograms $0 · Management $2,750 · Fundraising $0$2,750

IX-13 Office expensesPrograms $4,359 · Management $1,474 · Fundraising $0$5,833

IX-16 OccupancyPrograms $40,231 · Management $13,411 · Fundraising $0$53,642

IX-21 Payments to affiliatesPrograms $19,800 · Management $0 · Fundraising $0$19,800

IX-23 InsurancePrograms $10,824 · Management $0 · Fundraising $0$10,824

IX-24 Other expenses (24a–d)Programs $82,964 · Management $1,698 · Fundraising $0$84,662

IX-25 Total functional expensesPrograms $158,178 · Management $19,333 · Fundraising $0$177,511

Part X · Balance sheet $585,579 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $113,997$89,239

X-10c Land, buildings and equipment, netStart of year $486,101$494,540

X-15 Other assetsStart of year $1,800$1,800

X-16 Total assetsStart of year $601,898$585,579

X-26 Total liabilitiesStart of year $0$0

X-31 Retained earnings or endowmentStart of year $601,898$585,579

X-32 Total net assets or fund balancesStart of year $601,898$585,579

X-33 Total liabilities and net assetsStart of year $601,898$585,579

Part XI · Reconciliation of net assets $585,579 net assets at year end

XI-1 Total revenue$161,192

XI-2 Total expenses$177,511

XI-3 Revenue less expenses−$16,319

XI-4 Net assets at start of year$601,898

XI-10 Net assets at end of year$585,579

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

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