Valley Sheltered Workshop INC FY2023 filing

Tax-deductible

Batavia, IL501(c)(3)EIN 36-2595884Revenue $369K in FY2023

On file with the IRS325 Main St, 60510-2426 · Batavia, ILTax-exempt since Aug 1975Publicly supported — 509(a)(2)

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Valley Sheltered Workshop provides training and rehabilitation through a work program to developmentally disabled and/or physically handicapped adult individuals.

501(c)(3) charity; gifts are tax-deductible.
4¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
4 of 5
filings with a surplus
Average surplus $48K a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
4%
of spending
Concern: 4% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$369K
-18% vs prior year
Spent
$338K
To programs
4%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$369K
FY2023▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$147K
FY2021$199K
FY2022$448K
FY2023$369K
FY2024$385K
Expenses
$338K
FY2023▲ +55%
Tap a bar for its year
Expenses by fiscal year
FY2020$170K
FY2021$197K
FY2022$218K
FY2023$338K
FY2024$384K
Net assets
$1.3M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
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 Aug 1975.

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

Where the money goes

4 cents of each dollar spent went to programs.

Program services 4% · $14K Management & general 94% · $318K Fundraising 2% · $6K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
Board President
$0Pt VII · Sec A
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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

Trains and rehabilitates adults with disabilities through a work program.

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Provided by the organization

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1 program · $14K · in their own filed words · FY2023
01

Valley sheltered workshop provides training and rehabilitation througha work program for developmentally disabled AND/OR physically handicapped adult individuals which resulted in providing donations.

$14Kprogram 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 2 funders$20K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$369K
Ln 12
Gifts and grantsLn 1h$216K
Investment incomeLn 3$88K
Fees for servicesLn 2g$66K
Money outPt IX
$338K
Ln 25
Programscol B$14K
Managementcol C$318K
Fundraisingcol D$6K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$1.3M
LiabilitiesLn 26$4K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$216K
Government grantsLn 1e$16K
Fundraising eventsLn 1c$43K
Fees for servicesLn 2g$66K
Investment incomeLn 3$88K
Total revenueLn 12$369K
Assets in detailPt X, end of year
CashLn 1$88K
SavingsLn 2$26K
Cash and savings togetherLn 1–2$113K
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$82K
Total assetsLn 16$1.3M
LiabilitiesLn 26$4K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 528
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$73K$113K
InvestmentsLn 11–13$1.1M$1.1M
Land, buildings, equipmentLn 10c$98K$82K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$5K$4K
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Grants to domestic individualsLn 2$2K$2K
Pay of current officers, directors and key staffLn 5$76K$76K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$144K$139K$6K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$449$449
Investment management feesLn 11f$33K$33K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$720$720
Office expensesLn 13$26K$26K
Information technologyLn 14$8K$8K
OccupancyLn 16$9K$9K
TravelLn 17$1K$1K
InterestLn 20$497$497
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$216$216
Total functional expensesLn 25$338K$14K$318K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $385K$384K$1K$1.4M 990 PDF
FY2023 Viewing $369K$338K$32K$1.3M 990 PDF
FY2022 $448K$218K$230K$1.2M 990 PDF
FY2021 $199K$197K$2K$1.5M 990 PDF
FY2020 $147K$170K−$24K$1.3M 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 FY2023 990 (6 parts)
Part I · Summary $369,414 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,812$216,056
I-9 Program service revenuePrior year $65,784$65,817
I-10 Investment incomePrior year $309,734$87,541
I-11 Other revenue$0
I-12 Total revenuePrior year $448,330$369,414
I-13 Grants and similar amounts paid$13,716
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $166,751$81,735
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $51,706$242,328
I-18 Total expensesPrior year $218,457$337,779
I-19 Revenue less expensesPrior year $229,873$31,635
Part VI · Governance 0 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
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-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $369,414 across 8 lines filed
VIII-1c Fundraising events$43,386
VIII-1d Related organizations$16,500
VIII-1e Government grants$16,120
VIII-1f All other contributions, gifts and grants$140,050
VIII-1h Total contributions, gifts and grants$216,056
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,817$65,817
VIII-3 Investment incomeRelated to mission $87,541$87,541
VIII-12 Total revenueRelated to mission $153,358 · Unrelated business $0 · Excluded from tax $0$369,414
Part IX · Statement of functional expenses $337,779 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $11,700$11,700
IX-2 Grants to domestic individualsPrograms $2,016$2,016
IX-5 Pay of current officers, directors and key staffManagement $76,250$76,250
IX-10 Payroll taxesManagement $5,485$5,485
IX-11a Management feesManagement $138,597 · Fundraising $5,858$144,455
IX-11b Legal feesManagement $8,023$8,023
IX-11c Accounting feesManagement $449$449
IX-11f Investment management feesManagement $32,637$32,637
IX-11g Other fees for servicesManagement $1,981$1,981
IX-12 Advertising and promotionManagement $720$720
IX-13 Office expensesManagement $25,742$25,742
IX-14 Information technologyManagement $8,353$8,353
IX-16 OccupancyManagement $8,545$8,545
IX-17 TravelManagement $1,396$1,396
IX-20 InterestManagement $497$497
IX-22 Depreciation, depletion and amortizationManagement $1,776$1,776
IX-23 InsuranceManagement $7,538$7,538
IX-24 Other expenses (24a–d)Management $216$216
IX-25 Total functional expensesPrograms $13,716 · Management $318,205 · Fundraising $5,858$337,779
Part X · Balance sheet $1,295,200 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $45,873$87,804
X-2 Savings and temporary cash investmentsStart of year $26,899$25,511
X-10c Land, buildings and equipment, netStart of year $98,498$81,996
X-11 Publicly traded securitiesStart of year $1,067,204$1,099,889
X-16 Total assetsStart of year $1,238,474$1,295,200
X-17 Accounts payable and accrued expensesStart of year $4,966$4,468
X-26 Total liabilitiesStart of year $4,966$4,468
X-32 Total net assets or fund balancesStart of year $1,233,508$1,290,732
X-33 Total liabilities and net assetsStart of year $1,238,474$1,295,200
Part XI · Reconciliation of net assets $1,290,732 net assets at year end
XI-1 Total revenue$369,414
XI-2 Total expenses$337,779
XI-3 Revenue less expenses$31,635
XI-4 Net assets at start of year$1,233,508
XI-9 Other changes in net assets$25,589
XI-10 Net assets at end of year$1,290,732

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

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