Mon Valley Alliance FY2020 filing

Not tax-deductible

Monongahela, PA501(c)(6)EIN 25-6079920Revenue $617K in FY2020

On file with the IRSmonvalleyalliance.org235 W Main St, 15063-2442 · Monongahela, PATax-exempt since Dec 1966

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To promote and market economic development and job creation in the mid Mon Valley communities. Our historical longer-range initiatives of promoting transportation and industrial park infrastructure will be leveraged through public and private investment and innovative strategic and master planning on tangible near term projects intended to meaningfully impact job growth. The results of our activities are expected to produce complimentary improvements to housing, retail and recreational assets in our geographical fringe communities and be collaborative, supportive and accretive to other agencies efforts and increase their ability to succeed in their respective missions.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 5
filings with a surplus
Average surplus $590K a year · 58% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
15 mo
of spending, in cash
Looks good: 15.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$773K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$617K
Spent
$407K
Net assets
$5.4M
By yearFY2020–FY2024
Revenue
$617K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$617K
FY2021$2.3M
FY2022$218K
FY2023$820K
FY2024$1.2M
Expenses
$407K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$407K
FY2021$253K
FY2022$315K
FY2023$344K
FY2024$816K
Net assets
$5.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.4M
FY2021$7.5M
FY2022$7.3M
FY2023$8.0M
FY2024$8.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1966.

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

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Member
$0Pt VII · Sec A
Executive Member
$0Pt VII · Sec A
Executive Member
$0Pt VII · Sec A
Executive Member
$0Pt VII · Sec A
See Mon Valley Alliance 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 15aNo

Programs and updates

Promotes economic development and job creation through strategic planning and investment in Mid Mon Valley communities.

Questions for Mon Valley Alliance

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Provided by the organization

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1 program · in their own filed words · FY2020
01

The organization promotes industrial and commercial business activities in the monongahela valley trhough the development and management of industiral parks located in the region. The organization secures tenants and promotes the parks.

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$20K
Grants paid · 2 grants · $185K · 2020–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$617K
Ln 12
Investment incomeLn 3$352K
Other incomeLn 4–11$217K
Gifts and grantsLn 1h$48K
Money outPt IX
$407K
Ln 25
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$519K
Total assetsLn 16$6.1M
LiabilitiesLn 26$773K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Government grantsLn 1e$48K
Investment incomeLn 3$352K
Other incomeLn 4–11$217K
Gains on assetsLn 7$328K
Total revenueLn 12$617K
Assets in detailPt X, end of year
CashLn 1$200
SavingsLn 2$519K
Cash and savings togetherLn 1–2$519K
InvestmentsLn 11–13$3.3M
Land, buildings, equipmentLn 10c$635K
Other assetsLn 15$1.6M
Total assetsLn 16$6.1M
LiabilitiesLn 26$773K
Net assetsLn 32$5.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$341K$519K
InvestmentsLn 11–13$2.3M$3.3M
Land, buildings, equipmentLn 10c$596K$635K
Total assetsLn 16$6.1M$6.1M
LiabilitiesLn 26$1.2M$773K
Net assetsLn 32$4.9M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$46K
Other employee benefitsLn 9$4K
Management feesLn 11a$134K
Legal feesLn 11b$25K
Accounting feesLn 11c$8K
Other fees for servicesLn 11g$3K
Advertising and promotionLn 12$3K
Office expensesLn 13$9K
OccupancyLn 16$37K
Conferences, conventions and meetingsLn 19$490
Depreciation, depletion and amortizationLn 22$2K
Other expenses (24a–d)Ln 24$137K
Total functional expensesLn 25$407K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$816K$358K$8.3M 990 PDF
FY2023 $820K$344K$477K$8.0M 990 PDF
FY2022 $218K$315K−$96K$7.3M 990 PDF
FY2021 $2.3M$253K$2.0M$7.5M 990 PDF
FY2020 Viewing $617K$407K$210K$5.4M 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 FY2020 990 (6 parts)
Part I · Summary $617,317 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$48,269
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $185,607$352,411
I-11 Other revenuePrior year $423,265$216,637
I-12 Total revenuePrior year $608,872$617,317
I-13 Grants and similar amounts paidPrior year $0$45,659
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$3,666
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $261,821$357,740
I-18 Total expensesPrior year $261,821$407,065
I-19 Revenue less expensesPrior year $347,051$210,252
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $617,317 across 8 lines filed
VIII-1e Government grants$48,269
VIII-1h Total contributions, gifts and grants$48,269
VIII-3 Investment incomeExcluded from tax $24,194$24,194
VIII-5 RoyaltiesExcluded from tax $5,473$5,473
VIII-6 Net rental income or lossRelated to mission $210,963$210,963
VIII-7 Net gain or loss on sales of assetsExcluded from tax $328,217$328,217
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $201$201
VIII-12 Total revenueRelated to mission $211,164 · Unrelated business $0 · Excluded from tax $357,884$617,317
Part IX · Statement of functional expenses $407,065 across 12 lines filed
IX-1 Grants to domestic organizations$45,659
IX-9 Other employee benefits$3,666
IX-11a Management fees$133,699
IX-11b Legal fees$24,742
IX-11c Accounting fees$8,094
IX-11g Other fees for services$3,159
IX-12 Advertising and promotion$2,540
IX-13 Office expenses$8,713
IX-16 Occupancy$36,672
IX-19 Conferences, conventions and meetings$490
IX-22 Depreciation, depletion and amortization$2,448
IX-24 Other expenses (24a–d)$137,183
IX-25 Total functional expenses$407,065
Part X · Balance sheet $6,127,312 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $100$200
X-2 Savings and temporary cash investmentsStart of year $341,094$518,686
X-10c Land, buildings and equipment, netStart of year $596,301$635,033
X-12 Other securitiesStart of year $2,293,660$3,336,920
X-15 Other assetsStart of year $2,837,879$1,636,473
X-16 Total assetsStart of year $6,069,034$6,127,312
X-17 Accounts payable and accrued expensesStart of year $24,812$0
X-19 Deferred revenueStart of year $536,473$392,790
X-25 Other liabilitiesStart of year $655,927$379,857
X-26 Total liabilitiesStart of year $1,217,212$772,647
X-27 Net assets without donor restrictionsStart of year $4,851,822$5,354,665
X-32 Total net assets or fund balancesStart of year $4,851,822$5,354,665
X-33 Total liabilities and net assetsStart of year $6,069,034$6,127,312
Part XI · Reconciliation of net assets $5,354,665 net assets at year end
XI-1 Total revenue$617,317
XI-2 Total expenses$407,065
XI-3 Revenue less expenses$210,252
XI-4 Net assets at start of year$4,851,822
XI-5 Net unrealized gains (losses) on investments$292,591
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,354,665

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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