Valor Partners Foundation EIN 45-4785558 Form 990 (PDF) Claim this org

Valor Partners Foundation

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Fund scholarships for veterans' legacy education by matching donations to post-secondary institutions. For fiscal year 2025 it reported $294K in revenue, $768K in expenses.Pt I

Founded
2012
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Overland Park, KS
Website
valorpartners.org
Filings
5 on file (2021–2025)
Revenue
$294KFY2025
Expenses
$768K
Net assets
$0
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-4785558 Public foundation / grantmaker Overland Park, KS Founded 2012
Form 990 (PDF)
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Size
$100K–1M
What they do
Fund scholarships for veterans' legacy education by matching donations to post-secondary institutions.
Leadership
Kelli Campbell-Goodnow · Executive Director · $102K
Money in and out
$294K revenue, $768K expenses
Bottom line
74% program efficiency
Grants paid & assets · FY2025
Total revenue
$294K
Pt VIII · Ln 12
Total expenses
$768K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$473K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.05 Fundraising $0.21
Program efficiency
74%
of spending reaches programs▼ -8% vs prior filing year
Surplus margin
-161%
revenue over expenses, this year▼ -1865% vs prior filing year
Revenue trend
+1%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$294K
FY2025▼ -66%
Expenses
$768K
FY2025▼ -17%
Total assets
FY2025
Total liabilities
$0
FY2025
Total revenue
$294K
Pt VIII · Ln 12
Total expenses
$768K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$473K
Total assetsPt X · Ln 16
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

2 program services account for $570K of program spending, described in the organization's own filed words · FY2025.
01

The organization's remaining assets were transferred to the Gary Sinise Foundation for the purpose of continuing its programmatic functions under the name Valor Scholars.

$558Kprogram expense
02

VPF has one program, partnerships with higher education institutions to create matched scholarships. The program has grown to 40 partner schools across 15 states.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CValor Partners Foundation
EINHdr · item D45-4785558
Principal addressHdr · item COverland Park, KS
WebsiteHdr · item Jvalorpartners.org
Year of formationHdr · item L2012
State of legal domicileHdr · item MKS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
Ruling yearIRS BMFSep 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$102,000Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kelli Campbell-Goodnow’s $102K as Executive Director is at the 86th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023
Kelli Campbell-Goodnow$102,000$102,000$72,000

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.

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Statement of Revenue

Part VIII
Contributions & grants$334K · 113%
Investment income$9K · 3%
Contributions & grants113%$334K
Investment income3%$9K
Total revenueLn 12$294K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.05 Fundraising $0.21
Program services74%$570K
Management & general5%$37K
Fundraising21%$160K
Total functional expensesLn 25$768K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $768K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $570K · Total expenses $768K
74%
Management & General
Management & general $37K · Total expenses $768K
5%
Fundraising
Fundraising $160K · Total expenses $768K
21%
Cost to raise $1
Fundraising expense (3-yr avg) $120K · Solicited contributions (3-yr avg) $711K
$0.17 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $334K · Total revenue $294K
113%
Government reliance
Government grants $0 · Total revenue $294K
0%
Earned-income share
Program service revenue $0 · Total revenue $294K
0%
Investment reliance
Investment income $9K · Total revenue $294K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $768K
0%
Growth & trend
Revenue growth (YoY)
This year $294K · Prior year $860K
-66%
Revenue CAGR
FY2021 $282K · FY2025 $294K
+1%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $294K · Expenses $768K
-161%
Liabilities-to-Assets
Total liabilities — · Total assets —
Net-asset ratio
Net assets $0 · Total assets —
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) —
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kelli Campbell-Goodnow · Reported title Executive Director · Highest reported compensation $102K · Total expenses $768K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $82K · Total expenses $768K
11%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 5%
Fundraising cost ratio 48%
Revenue growth -66%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$32K
Grants paid · 14 grants · $2.9M · 2021–2025
Gary Sinise FoundationTN · FY2025$557,928
Unitemized GrantFY2025$12,500
Unitemized GrantFY2024$750,000
Unitemized GrantFY2024$10,000
Unitemized GrantFY2023$750,000
Unitemized GrantFY2022$500,000
Morandums of Understanding in ProceFY2021$90,000
Iowa State UniversityIA · FY2021$35,000
Park UniversityMO · FY2021$30,000
University of Missour - Kansas CityFY2021$25,000
University of KansasFY2021$25,000
Kansas State UniversityKS · FY2021$19,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$294K revenue · viewing · ⤓ 990 PDF
FY2024$860K revenue · ⤓ 990 PDF
FY2023$907K revenue · ⤓ 990 PDF
FY2022$552K revenue · ⤓ 990 PDF
FY2021$282K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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