Valley Inquiry Charter School

Tax-deductible

Salem, OR501(c)(3)Since 2005EducationEIN 38-3709149

Our mission is to provide an environment where children of all backgrounds and abilities can share in the joy and discovery of each day; acquire the skills to approach new problems thoughtfully and creatively; develop an appreciation and understanding of other cultures and traditions; and become actively engaged in their communities.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 25 volunteers and 23 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
5 of 5
filings with a surplus
Average surplus $216K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 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
$53K
to officers and key staff · 3% of spending
Top officer’s pay lower than 92% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $96
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
-12% vs prior year
Spent
$1.6M
To programs
89%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▼ -12%
Revenue by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$1.8M
FY2023$2.3M
FY2024$1.8M
FY2024$1.6M
Expenses
$1.6M
FY2024▲ +2%
Expenses by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.8M
FY2023$1.8M
FY2024$1.6M
FY2024$1.6M
Net assets
$1.7M
FY2024▲ +2%
Net assets by fiscal year
FY2020$703K
FY2021$847K
FY2022$890K
FY2023$1.4M
FY2024$1.7M
FY2024$1.7M

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 Sep 2005.

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% · $1.4M Management & general 11% · $170K

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

Who runs it and what they're paid

9 people listed on the 990; $53K paid to officers and key staff.

Part VII, Section A · reportable compensation
Principal
$53,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Member-At-Large (from 3/2025)
$0Pt VII · Sec A
Member-At-Large (from 3/2025)
$0Pt VII · Sec A
Member-At-Large (from 3/2025)
$0Pt VII · Sec A

Lacey McNay’s $53K as Principal is at the 8th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023
Lacey McNay$53,000—
Jesse Payne—$18,679

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 Inquiry Charter 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 15aNo

Programs and updates

Educates children of all backgrounds in a joyful, discovery-filled primary school.

Provided by the organization

This section is blank until Valley Inquiry Charter School claims this page.

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1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2024.
01

Valley inquiry charter school is a kindergarten through fifth-grade public school of 161 students in salem, oregon. As a public charter school, admission is open to any student in the salem-keizer school district through a lottery system. Admission is FREE.VALLEY inquiry focuses on an inquiry-based approach to teaching and learning.

$1.4Mprogram 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$96

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$94K
Investment incomeLn 3$53K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$170K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.7M
LiabilitiesLn 26$5K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$94K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$53K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$502K
SavingsLn 2$641K
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$201K
Other assetsLn 15$339K
Total assetsLn 16$1.7M
LiabilitiesLn 26$5K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 523
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$1.6M$1.1M
Land, buildings, equipmentLn 10c$46K$201K
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$8K$5K
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$115K$58K$58K
Other salaries and wagesLn 7$623K$623K
Pension plan contributionsLn 8$161K$161K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$66K$66K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$337K$261K$76K
Office expensesLn 13$57K$50K$7K
Information technologyLn 14$4K$4K
OccupancyLn 16$774$774
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$161K$161K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$1.6M$1.4M$170K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.8M$1.6M$262K$1.7M 990 PDF
FY2023 $2.3M$1.8M$513K$1.4M 990 PDF
FY2022 $1.8M$1.8M$43K$890K 990 PDF
FY2021 $1.6M$1.4M$144K$847K 990 PDF
FY2020 $1.3M$1.2M$118K$703K 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 $1,626,495 across 6 lines filed
VIII-1d Related organizations$65,468
VIII-1f All other contributions, gifts and grants$28,480
VIII-1h Total contributions, gifts and grants$93,948
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,479,500$1,479,500
VIII-3 Investment incomeExcluded from tax $53,047$53,047
VIII-12 Total revenueRelated to mission $1,479,500 · Unrelated business $0 · Excluded from tax $53,047$1,626,495
Part IX · Statement of functional expenses $1,606,237 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $57,643 · Management $57,643$115,286
IX-7 Other salaries and wagesPrograms $622,595$622,595
IX-8 Pension plan contributionsPrograms $161,152$161,152
IX-9 Other employee benefitsPrograms $5,395$5,395
IX-10 Payroll taxesPrograms $65,995$65,995
IX-11c Accounting feesManagement $28,363$28,363
IX-11g Other fees for servicesPrograms $260,958 · Management $76,261$337,219
IX-13 Office expensesPrograms $49,607 · Management $7,426$57,033
IX-14 Information technologyPrograms $3,750$3,750
IX-16 OccupancyPrograms $774$774
IX-17 TravelPrograms $4,203$4,203
IX-22 Depreciation, depletion and amortizationPrograms $21,639$21,639
IX-23 InsurancePrograms $19,873$19,873
IX-24 Other expenses (24a–d)Programs $161,353$161,353
IX-24e All other expensesPrograms $1,607$1,607
IX-25 Total functional expensesPrograms $1,436,544 · Management $169,693 · Fundraising $0$1,606,237
Part X · Balance sheet $1,710,710 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $871,963$502,083
X-2 Savings and temporary cash investmentsStart of year $716,400$641,117
X-9 Prepaid expenses and deferred chargesStart of year $9,260$26,977
X-10c Land, buildings and equipment, netStart of year $46,229$201,351
X-15 Other assetsStart of year $9,799$339,182
X-16 Total assetsStart of year $1,674,003$1,710,710
X-17 Accounts payable and accrued expensesStart of year $8,079$5,382
X-26 Total liabilitiesStart of year $8,079$5,382
X-32 Total net assets or fund balancesStart of year $1,665,924$1,705,328
X-33 Total liabilities and net assetsStart of year $1,674,003$1,710,710
Part XI · Reconciliation of net assets $1,705,328 net assets at year end
XI-1 Total revenue$1,626,495
XI-2 Total expenses$1,606,237
XI-3 Revenue less expenses$20,258
XI-4 Net assets at start of year$1,665,924
XI-8 Prior period adjustments$19,146
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,705,328

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

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