Leader Valley Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 45-3120883)

Revenue by fiscal year
FY2021	$463K
FY2022	$676K
FY2023	$610K
FY2024	$754K
FY2025	$1.1M

Expenses by fiscal year
FY2021	$427K
FY2022	$430K
FY2023	$567K
FY2024	$719K
FY2025	$745K

Net assets by fiscal year
FY2021	$24K
FY2022	$270K
FY2023	$312K
FY2024	$347K
FY2025	$688K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2012.

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

Where the money goes

32 cents of each dollar spent went to programs.

32%

67%

Program services 32% · $136K Management & general 67% · $285K Fundraising 2% · $7K

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

21 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Carolyn Darrah

President &

$0Pt VII · Sec A

Melissa Reade

Leader Valle

$0Pt VII · Sec A

Kelsey Burke

Director

$0Pt VII · Sec A

Liz Dejoode

Director

$0Pt VII · Sec A

Jim Denholm

Chair

$0Pt VII · Sec A

Bryan Earnest

Secretary

$0Pt VII · Sec A

Will Frost

Director

$0Pt VII · Sec A

Katie Hillyer

Director

$0Pt VII · Sec A

See Leader Valley Foundation 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 15aYes

Programs and updates

Connects businesses and schools to build leadership skills in local students.

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Provided by the organization

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1 program · $136K · in their own filed words · FY2020

01

The leader valley program helps fund area schools in having programs which are intended to reduce dropouts from school as well as gain skills necessary to be successful in school and in life.

$136Kprogram expense

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 · FY2024

Natl Christian Charitable Fdn INCFY2024$147K

The Hws Charitable Foundation INCFY2024$80K

Veridian Credit UnionFY2024$10K

Otto Schoitz FoundationFY2024$8K

Cedar Valley United WayFY2024$5K

Duroe Family FoundationFY2024$5K

Spahn & Rose Lumber Co Charitable FoundationFY2024$1K

Total grants receivedfrom 7 funders$256K

See all 7 funders →

Grants paid · 2 grants · $30K · 2023–2024

Unitemized GrantFY2024$20,000

Unitemized GrantFY2023$10,000

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$463K

Ln 12

Gifts and grantsLn 1h$350K

Other incomeLn 4–11$112K

Investment incomeLn 3$439

Money outPt IX

$427K

Ln 25

Programscol B$136K

Managementcol C$285K

Fundraisingcol D$7K

Owns and owesPt X

$24K

net assets · Ln 32

Cash and savingsLn 1–2$120K

Total assetsLn 16$405K

LiabilitiesLn 26$382K

PeoplePt VI, VII

21

listed · VII A

PaidVII A0

Voting boardVI 1a19

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$350K

Investment incomeLn 3$439

Other incomeLn 4–11$112K

Total revenueLn 12$463K

Assets in detailPt X, end of year

CashLn 1$67K

SavingsLn 2$52K

Cash and savings togetherLn 1–2$120K

Land, buildings, equipmentLn 10c$5K

Total assetsLn 16$405K

LiabilitiesLn 26$382K

Net assetsLn 32$24K

OperationsPt I, VI

EmployeesI 50

VolunteersI 650

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$190K	$120K
Land, buildings, equipmentLn 10c		$5K
Total assetsLn 16	$533K	$405K
LiabilitiesLn 26	$545K	$382K
Net assetsLn 32	−$12K	$24K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$5K	$3K	$2K
Professional fundraising feesLn 11e	$7K			$7K
Advertising and promotionLn 12	$5K	$5K
Information technologyLn 14	$941	$941
TravelLn 17	$57	$57
Depreciation, depletion and amortizationLn 22	$1K	$1K
Other expenses (24a–d)Ln 24	$405K	$124K	$280K
All other expensesLn 24e	$3K	$637	$3K
Total functional expensesLn 25	$427K	$136K	$285K	$7K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$1.1M	$745K	$339K	$688K	990 PDF
FY2024	$754K	$719K	$34K	$347K	990 PDF
FY2023	$610K	$567K	$43K	$312K	990 PDF
FY2022	$676K	$430K	$246K	$270K	990 PDF
FY2021 Viewing	$463K	$427K	$36K	$24K	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 FY2021 990 (6 parts)

Part I · Summary $463,163 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $362,671$350,289

I-9 Program service revenue$0

I-10 Investment incomePrior year $612$439

I-11 Other revenuePrior year $21,310$112,435

I-12 Total revenuePrior year $384,593$463,163

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 feesPrior year $7,898$6,608

I-17 Other expensesPrior year $426,511$420,865

I-18 Total expensesPrior year $434,409$427,473

I-19 Revenue less expensesPrior year −$49,816$35,690

Part VI · Governance 19 of 19 board members independent, no flags

VI-1a Voting members of the governing body19

VI-1b Independent voting members19

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

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $463,163 across 5 lines filed

VIII-1f All other contributions, gifts and grants$350,289

VIII-1h Total contributions, gifts and grants$350,289

VIII-3 Investment incomeExcluded from tax $439$439

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $112,435$112,435

VIII-12 Total revenueRelated to mission $112,435 · Excluded from tax $439$463,163

Part IX · Statement of functional expenses $427,473 across 8 lines filed

IX-11c Accounting feesPrograms $3,279 · Management $2,121$5,400

IX-11e Professional fundraising feesFundraising $6,608$6,608

IX-12 Advertising and promotionPrograms $5,317$5,317

IX-14 Information technologyPrograms $941$941

IX-17 TravelPrograms $57$57

IX-22 Depreciation, depletion and amortizationPrograms $1,221$1,221

IX-24 Other expenses (24a–d)Programs $124,193 · Management $280,414$404,607

IX-24e All other expensesPrograms $637 · Management $2,685$3,322

IX-25 Total functional expensesPrograms $135,645 · Management $285,220 · Fundraising $6,608$427,473

Part X · Balance sheet $405,481 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $88,052$67,358

X-2 Savings and temporary cash investmentsStart of year $101,798$52,184

X-3 Pledges and grants receivableStart of year $343,450$281,057

X-10c Land, buildings and equipment, net$4,882

X-16 Total assetsStart of year $533,300$405,481

X-19 Deferred revenueStart of year $456,998$374,306

X-25 Other liabilitiesStart of year $88,250$7,433

X-26 Total liabilitiesStart of year $545,248$381,739

X-27 Net assets without donor restrictionsStart of year −$11,948$23,742

X-32 Total net assets or fund balancesStart of year −$11,948$23,742

X-33 Total liabilities and net assetsStart of year $533,300$405,481

Part XI · Reconciliation of net assets $23,742 net assets at year end

XI-1 Total revenue$463,163

XI-2 Total expenses$427,473

XI-3 Revenue less expenses$35,690

XI-4 Net assets at start of year−$11,948

XI-10 Net assets at end of year$23,742

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Leader Valley Foundation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Leader Valley Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV