Our mission is to honor veterans and educate their legacy. We do so by raising money for DEA-qualified students and then contributing it to post-secondary institutions that agree to match our donation, administer the scholarship program, and report back to us annually.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
3 of 5
filings with a surplus
Average deficit $87K a year · 15% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $32K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$72K
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$552K
+96% vs prior year
Spent
$507K
To programs
99%
Net assets
$59K
By yearFY2021–FY2025
Revenue
$552K
FY2022▲ +96%
Tap a bar for its year
Revenue by fiscal year
FY2021$282K
FY2022$552K
FY2023$907K
FY2024$860K
FY2025$294K
Expenses
$507K
FY2022▲ +80%
Tap a bar for its year
Expenses by fiscal year
FY2021$282K
FY2022$507K
FY2023$845K
FY2024$930K
FY2025$768K
Net assets
$59K
FY2022▲ +333%
Tap a bar for its year
Net assets by fiscal year
FY2021$14K
FY2022$59K
FY2023$121K
FY2024$51K
FY2025$0

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 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 Sep 2012.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $500K Management & general 1% · $7K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary/Treasurer
$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 85th percentile of top reported officer pay among 1264 $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.

See Valor Partners Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Fund scholarships for veterans' legacy education by matching donations to post-secondary institutions.

Questions for Valor Partners Foundation

Tap to ask. Valor Partners Foundation sees how many people are interested.

Your first name shows with your question. Valor Partners Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $500K · in their own filed words · FY2022
01

Grants provided to educational institutions. $500,000 distributed to post-secondary institutions, and 173 scholarships provided.

$500Kprogram 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 · 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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$552K
Ln 12
Gifts and grantsLn 1h$556K
Money outPt IX
$507K
Ln 25
Programscol B$500K
Managementcol C$7K
Owns and owesPt X
$59K
net assets · Ln 32
Cash and savingsLn 1–2$130K
Total assetsLn 16$130K
LiabilitiesLn 26$72K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$556K
Government grantsLn 1e$0
Noncash giftsLn 1g$8K
Fundraising eventsLn 1c$48K
Total revenueLn 12$552K
Assets in detailPt X, end of year
CashLn 1$130K
Cash and savings togetherLn 1–2$130K
Total assetsLn 16$130K
LiabilitiesLn 26$72K
Net assetsLn 32$59K
OperationsPt I, VI
EmployeesI 52
VolunteersI 630
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 FY22End FY22
Cash and savingsLn 1–2$172K$130K
Total assetsLn 16$175K$130K
LiabilitiesLn 26$161K$72K
Net assetsLn 32$14K$59K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$500K$500K
Other fees for servicesLn 11g$217$217
Office expensesLn 13$1K$1K
TravelLn 17$880$880
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$3K$0$3K$0
Total functional expensesLn 25$507K$500K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $294K$768K−$473K$0 990 PDF
FY2024 $860K$930K−$70K$51K 990 PDF
FY2023 $907K$845K$62K$121K 990 PDF
FY2022 Viewing $552K$507K$45K$59K 990 PDF
FY2021 $282K$282K$424$14K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $552,443 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $246,907$556,338
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $35,544−$3,895
I-12 Total revenuePrior year $282,451$552,443
I-13 Grants and similar amounts paidPrior year $277,500$500,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,527$7,125
I-18 Total expensesPrior year $282,027$507,125
I-19 Revenue less expensesPrior year $424$45,318
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $552,443 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$48,226
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$508,112
VIII-1g Noncash contributions (included above)$8,161
VIII-1h Total contributions, gifts and grants$556,338
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$3,895−$3,895
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$3,895$552,443
Part IX · Statement of functional expenses $507,125 across 7 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $500,000$500,000
IX-11g Other fees for servicesManagement $217$217
IX-13 Office expensesManagement $1,384$1,384
IX-17 TravelManagement $880$880
IX-23 InsuranceManagement $1,804$1,804
IX-24 Other expenses (24a–d)Programs $0 · Management $2,840 · Fundraising $0$2,840
IX-25 Total functional expensesPrograms $500,000 · Management $7,125 · Fundraising $0$507,125
Part X · Balance sheet $130,421 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $171,543$130,421
X-16 Total assetsStart of year $174,603$130,421
X-17 Accounts payable and accrued expensesStart of year $159,500$70,000
X-19 Deferred revenueStart of year $1,500$1,500
X-25 Other liabilities$0
X-26 Total liabilitiesStart of year $161,000$71,500
X-27 Net assets without donor restrictionsStart of year $13,603$58,921
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $13,603$58,921
X-33 Total liabilities and net assetsStart of year $174,603$130,421
Part XI · Reconciliation of net assets $58,921 net assets at year end
XI-1 Total revenue$552,443
XI-2 Total expenses$507,125
XI-3 Revenue less expenses$45,318
XI-4 Net assets at start of year$13,603
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$58,921

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.