Happier Valley Comedy INC EIN 47-4942147 Form 990 (PDF) Claim this org

Happier Valley Comedy INC

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Brings laughter and joy to Western Massachusetts using improvisation. For fiscal year 2025 it reported $538K in revenue, $385K in expenses, and $336K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Hadley, MA
Website
www.happiervalley.com
Filings
6 on file (2020–2025)
Revenue
$538KFY2025
Expenses
$385K
Net assets
$336K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-4942147 Public charity (501(c)(3)) Hadley, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Brings laughter and joy to Western Massachusetts using improvisation.
Leadership
Pamela Victor · President · $73K
Money in and out
$538K revenue, $385K expenses
Bottom line
72% program efficiency
Where the money goes · FY2025
Total revenue
$538K
Pt VIII · Ln 12
Total expenses
$385K
Pt IX · Ln 25
Net assets
$336K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $154K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.16 Fundraising $0.12
Program efficiency
72%
of spending reaches programs▲ +8% vs prior filing year
Operating runway
2.9mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
+29%
revenue over expenses, this year▲ +454% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$538K
FY2025▲ +57%
Expenses
$385K
FY2025▲ +18%
Total assets
$453K
FY2025▲ +32%
Total liabilities
$117K
FY2025▼ -28%
Total revenue
$538K
Pt VIII · Ln 12
Total expenses
$385K
Pt IX · Ln 25
Net assets
$336K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$154K
Total assetsPt X · Ln 16$453K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHappier Valley Comedy INC
EINHdr · item D47-4942147
Principal addressHdr · item CHadley, MA
WebsiteHdr · item Jwww.happiervalley.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B60)
Ruling yearIRS BMFSep 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$73,151Pt VII · Sec A
Vice President
$71,208Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary, Treasurer
$0Pt VII · Sec A

Pamela Victor’s $73K as President is at the 65th percentile of top reported officer pay among 1616 $100K–1M 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

NameFY2025FY2024FY2023FY2022FY2021
Pamela Victor$73,151$64,735$58,850$53,500$52,327
Scott Braidman$71,208$64,735$58,850$53,500$46,289

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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Mission & Programs · Part III

Where the work happens

3 program services account for $277K of program spending, described in the organization's own filed words · FY2025.
01

A complete training program running an average of 12 weekly classes and 3 monthly workshops in improvisational and comedy performance from beginner to advanced. There were an average of 150 students per session of diverse ages and backgrounds actively enrolled at any given time.

$170Kprogram expense
02

The improv to improve program brings the principles of improvisation to the workplace strengthening communication, collaboration, and creativity. We were hired for 27 events, with an average of 25 attendees per event, at different businesses and schools.

$63Kprogram expense
03

Weekly improvised comedy shows featuring a variety of performers and formats. We attract an average of 55 audience members per show.

$44Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$283K · 53%
Contributions & grants$249K · 46%
Other revenue$6K · 1%
Program service revenue53%$283K
Contributions & grants46%$249K
Other revenue1%$6K
Investment income$1K
— government grantsLn 1e$104K
Total revenueLn 12$538K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.16 Fundraising $0.12
Program services72%$277K
Management & general16%$63K
Fundraising12%$45K
Total functional expensesLn 25$385K

Balance Sheet

Part X · end of year
CashLn 1$92K
Total assetsLn 16$453K
Total liabilitiesLn 26$117K
Total net assetsLn 32$336K
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $92K · Operating expenses/yr $385K
2.9 months
Where the money goes
Program services
Program services $277K · Total expenses $385K
72%
Management & General
Management & general $63K · Total expenses $385K
16%
Fundraising
Fundraising $45K · Total expenses $385K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $31K · Solicited contributions (3-yr avg) $117K
$0.26 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $249K · Total revenue $538K
46%
Government reliance
Government grants $104K · Total revenue $538K
19%
Earned-income share
Program service revenue $283K · Total revenue $538K
53%
Investment reliance
Investment income $1K · Total revenue $538K
+0.2%
Program self-sufficiency
Program service revenue $283K · Total expenses $385K
74%
Growth & trend
Revenue growth (YoY)
This year $538K · Prior year $344K
+57%
Revenue CAGR
FY2020 $149K · FY2025 $538K
+29%
Net-asset trend (YoY)
End of year $336K · Beginning of year $182K
+84%
Balance sheet
Surplus Margin
Revenue $538K · Expenses $385K
+29%
Liabilities-to-Assets
Total liabilities $117K · Total assets $453K
26%
Net-asset ratio
Net assets $336K · Total assets $453K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $453K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Pamela Victor · Reported title PRESIDENT · Highest reported compensation $73K · Total expenses $385K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $218K · Total expenses $385K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 16%
Fundraising cost ratio 18%
Revenue growth 57%
Accounting fee ratio 0.4%

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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$215

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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)$538K revenue · viewing · ⤓ 990 PDF
FY2024$344K revenue · ⤓ 990 PDF
FY2023$328K revenue · ⤓ 990 PDF
FY2022$236K revenue · ⤓ 990 PDF
FY2021$214K revenue · ⤓ 990 PDF
FY2020$149K 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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