Valleycast INC FY2023 filing

Tax-deductible

Worcester, MA501(c)(3)Since 2007Human ServicesEIN 26-0492878Revenue $253K in FY2023

On file with the IRSopenskycs.org4 Mann St, 01602-3414 · Worcester, MATax-exempt since May 2008Supporting organization — 509(a)(3)

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To promote and celebrate the arts, culture and science of the blackstone river valley through inclusive activities and events that educate and engage all citizens, and to educate all citizens about the contributions of adults with disabilities, while collaborating with adults including those with disabilities.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $92K a year · 28% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $395K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$490K
281% of total assets
Concern: liabilities are 281% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$253K
+8% vs prior year
Spent
$176K
To programs
100%
Net assets
−$315K
By yearFY2020–FY2025
Revenue
$253K
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$195K
FY2021$192K
FY2022$234K
FY2023$253K
FY2024$388K
FY2025$445K
Expenses
$176K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$160K
FY2023$176K
FY2024$282K
FY2025$334K
Net assets
−$315K
FY2023▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020−$465K
FY2021−$465K
FY2022−$391K
FY2023−$315K
FY2024−$209K
FY2025−$98K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2008.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $176K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$0Pt VII · Sec A
Psychiatrist
$0Pt VII · Sec A
SVP of Behavioral Health
$0Pt VII · Sec A
Executive Vice President & COO
$0Pt VII · Sec A
EVP & CFO (until 7/2022)
$0Pt VII · Sec A
Senior Director of Risk and Safety
$0Pt VII · Sec A
Assistant Program Coordinator
$0Pt VII · Sec A
$0Pt VII · Sec A
See Valleycast INC 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 arts, culture, and science through inclusive events, celebrating contributions of adults with disabilities.

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1 program · $176K · in their own filed words · FY2022
01

Valleycast promotes and celebrates the arts, culture and science of the blackstone river valley through inclusive activities and events that educate and engage all citizens, including adults with disabilities, in the culture, heritage and economic development of the region.

$176Kprogram expense

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 · FY2024
Total grants receivedfrom 1 funder$395K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$253K
Ln 12
Gifts and grantsLn 1h$253K
Money outPt IX
$176K
Ln 25
Programscol B$176K
Owns and owesPt X
−$315K
net assets · Ln 32
Total assetsLn 16$174K
LiabilitiesLn 26$490K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$253K
Total revenueLn 12$253K
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$174K
Total assetsLn 16$174K
LiabilitiesLn 26$490K
Net assetsLn 32−$315K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderJune
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 FY23End FY23
Land, buildings, equipmentLn 10c$190K$174K
Total assetsLn 16$190K$174K
LiabilitiesLn 26$581K$490K
Net assetsLn 32−$391K−$315K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$97K$97K
Other employee benefitsLn 9$9K$9K
Payroll taxesLn 10$7K$7K
Office expensesLn 13$14K$14K
OccupancyLn 16$1K$1K
TravelLn 17$371$371
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$91$91
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$176K$176K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $445K$334K$111K−$98K 990 PDF
FY2024 $388K$282K$106K−$209K 990 PDF
FY2023 Viewing $253K$176K$76K−$315K 990 PDF
FY2022 $234K$160K$74K−$391K 990 PDF
FY2021 $192K−$465K 990 PDF
FY2020 $195K−$465K 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 $252,652 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $234,108$252,652
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $234,108$252,652
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $102,395$113,482
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $57,804$62,822
I-18 Total expensesPrior year $160,199$176,304
I-19 Revenue less expensesPrior year $73,909$76,348
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $252,652 across 3 lines filed
VIII-1f All other contributions, gifts and grants$252,652
VIII-1h Total contributions, gifts and grants$252,652
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$252,652
Part IX · Statement of functional expenses $176,304 across 9 lines filed
IX-7 Other salaries and wagesPrograms $97,102$97,102
IX-9 Other employee benefitsPrograms $9,230$9,230
IX-10 Payroll taxesPrograms $7,150$7,150
IX-13 Office expensesPrograms $14,352$14,352
IX-16 OccupancyPrograms $1,119$1,119
IX-17 TravelPrograms $371$371
IX-22 Depreciation, depletion and amortizationPrograms $15,451$15,451
IX-23 InsurancePrograms $91$91
IX-24 Other expenses (24a–d)Programs $31,438$31,438
IX-25 Total functional expensesPrograms $176,304 · Management $0 · Fundraising $0$176,304
Part X · Balance sheet $174,461 assets, 7 lines filed
X-10c Land, buildings and equipment, netStart of year $189,912$174,461
X-16 Total assetsStart of year $189,912$174,461
X-25 Other liabilitiesStart of year $581,329$489,530
X-26 Total liabilitiesStart of year $581,329$489,530
X-27 Net assets without donor restrictionsStart of year −$391,417−$315,069
X-32 Total net assets or fund balancesStart of year −$391,417−$315,069
X-33 Total liabilities and net assetsStart of year $189,912$174,461
Part XI · Reconciliation of net assets −$315,069 net assets at year end
XI-1 Total revenue$252,652
XI-2 Total expenses$176,304
XI-3 Revenue less expenses$76,348
XI-4 Net assets at start of year−$391,417
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$315,069

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

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