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Valeo Crp INC FY2020 filing

Tax-deductible

Topeka, KS501(c)(3)Mental Health EIN 48-1247633Revenue $933K in FY2020

On file with the IRSvaleocrp.org5401 Sw 7th St, 66606-2330 · Topeka, KSTax-exempt since Jun 2002Hospital or medical research org — 170(b)(1)(A)(iii)

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To be the provider of choice for individuals seeking mental wellness in a uniquely warm, supportive, family-like environment which fosters personal growth in a residential setting. Visit www.valeocrp.org for information about our programs.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
1 of 5
filings with a surplus
Average deficit $120K a year · 19% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Plus $676K in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$43K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$933K
Spent
$1.1M
To programs
98%
Net assets
$966K
By yearFY2020–FY2024
Revenue
$933K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$933K
FY2021$571K
FY2022$499K
FY2023$590K
FY2024$643K
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$479K
FY2022$893K
FY2023$611K
FY2024$749K
Net assets
$966K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$966K
FY2021$1.0M
FY2022$591K
FY2023$582K
FY2024$480K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2002.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.1M Management & general 2% · $21K Fundraising 0% · $4K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Joseph Scranton
Board Chair
$0Pt VII · Sec A
Frank Henderson
Board Member
$0Pt VII · Sec A
Jewell Welch
Vice Chair
$0Pt VII · Sec A
Debbie Orr
Secretary/Treasurer
$0Pt VII · Sec A
Josephine Salehar
Board Member
$0Pt VII · Sec A
Josh Klamm
Board Member
$0Pt VII · Sec A
Nancy Parrish
Board Member
$0Pt VII · Sec A
Claude Lee
Board Member Thru 9/30/20
$0Pt VII · Sec A
See Valeo Crp INC 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

Provides residential mental wellness support and personal growth in a warm, family-like setting.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2020
01

The valeo community residence program is an adult residential supported living environment for mental health recovery. The program's treatment approach is based on the cognitive behavioral therapeutic model.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $350K · 2022–2022
Valeo Behavioral Healthcare INCKS · FY2022$350,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$933K
Ln 12
Fees for servicesLn 2g$496K
Investment incomeLn 3$300K
Gifts and grantsLn 1h$135K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Managementcol C$21K
Fundraisingcol D$4K
Owns and owesPt X
$966K
net assets · Ln 32
Cash and savingsLn 1–2$88K
Total assetsLn 16$1.0M
LiabilitiesLn 26$43K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$135K
Fees for servicesLn 2g$496K
Investment incomeLn 3$300K
Other incomeLn 4–11$961
Gains on assetsLn 7$287K
Total revenueLn 12$933K
Assets in detailPt X, end of year
CashLn 1$100
SavingsLn 2$88K
Cash and savings togetherLn 1–2$88K
InvestmentsLn 11–13$676K
Land, buildings, equipmentLn 10c$181K
Total assetsLn 16$1.0M
LiabilitiesLn 26$43K
Net assetsLn 32$966K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderDecember
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
LineStart FY20End FY20
Cash and savingsLn 1–2$53K$88K
InvestmentsLn 11–13$621K$676K
Land, buildings, equipmentLn 10c$440K$181K
Total assetsLn 16$1.2M$1.0M
LiabilitiesLn 26$107K$43K
Net assetsLn 32$1.1M$966K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$268K$269K−$928
Pension plan contributionsLn 8$8K$8K
Other employee benefitsLn 9$13K$13K
Payroll taxesLn 10$25K$25K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$109K$109K
Advertising and promotionLn 12$150$150
Office expensesLn 13$584$584
Information technologyLn 14$491$491
OccupancyLn 16$37K$37K
TravelLn 17$1K$977$104
Conferences, conventions and meetingsLn 19$99$99
Depreciation, depletion and amortizationLn 22$33K$33K$832
InsuranceLn 23$7K$7K$808
Other expenses (24a–d)Ln 24$587K$573K$9K$4K
All other expensesLn 24e$3K$3K$320
Total functional expensesLn 25$1.1M$1.1M$21K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $643K$749K−$106K$480K 990 PDF
FY2023 $590K$611K−$21K$582K 990 PDF
FY2022 $499K$893K−$393K$591K 990 PDF
FY2021 $571K$479K$92K$1.0M 990 PDF
FY2020 Viewing $933K$1.1M−$170K$966K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $932,733 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,000$135,140
I-9 Program service revenuePrior year $1,068,052$496,181
I-10 Investment incomePrior year $28,481$300,451
I-11 Other revenuePrior year $0$961
I-12 Total revenuePrior year $1,116,533$932,733
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,011,814$314,372
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $533,742$788,764
I-18 Total expensesPrior year $1,545,556$1,103,136
I-19 Revenue less expensesPrior year −$429,023−$170,403
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
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 $932,733 across 7 lines filed
VIII-1f All other contributions, gifts and grants$135,140
VIII-1h Total contributions, gifts and grants$135,140
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $496,181$496,181
VIII-3 Investment incomeExcluded from tax $13,395$13,395
VIII-7 Net gain or loss on sales of assetsExcluded from tax $287,056$287,056
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $961$961
VIII-12 Total revenueRelated to mission $497,142 · Unrelated business $0 · Excluded from tax $300,451$932,733
Part IX · Statement of functional expenses $1,103,136 across 17 lines filed
IX-7 Other salaries and wagesPrograms $268,799 · Management −$928$267,871
IX-8 Pension plan contributionsPrograms $8,494$8,494
IX-9 Other employee benefitsPrograms $12,855$12,855
IX-10 Payroll taxesPrograms $25,152$25,152
IX-11c Accounting feesManagement $7,755$7,755
IX-11f Investment management feesManagement $2,210$2,210
IX-11g Other fees for servicesPrograms $108,552$108,552
IX-12 Advertising and promotionManagement $150$150
IX-13 Office expensesPrograms $584$584
IX-14 Information technologyManagement $491$491
IX-16 OccupancyPrograms $37,460$37,460
IX-17 TravelPrograms $977 · Management $104$1,081
IX-19 Conferences, conventions and meetingsPrograms $99$99
IX-22 Depreciation, depletion and amortizationPrograms $32,589 · Management $832$33,421
IX-23 InsurancePrograms $6,537 · Management $808$7,345
IX-24 Other expenses (24a–d)Programs $573,299 · Management $9,467 · Fundraising $3,941$586,707
IX-24e All other expensesPrograms $2,589 · Management $320$2,909
IX-25 Total functional expensesPrograms $1,077,986 · Management $21,209 · Fundraising $3,941$1,103,136
Part X · Balance sheet $1,008,784 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $100$100
X-2 Savings and temporary cash investmentsStart of year $53,035$87,518
X-4 Accounts receivableStart of year $87,203$54,715
X-9 Prepaid expenses and deferred chargesStart of year $9,914$9,259
X-10c Land, buildings and equipment, netStart of year $440,285$181,021
X-11 Publicly traded securitiesStart of year $621,322$676,171
X-16 Total assetsStart of year $1,211,859$1,008,784
X-17 Accounts payable and accrued expensesStart of year $107,371$28,159
X-25 Other liabilitiesStart of year $0$14,634
X-26 Total liabilitiesStart of year $107,371$42,793
X-27 Net assets without donor restrictionsStart of year $1,104,488$958,786
X-28 Net assets with donor restrictions$7,205
X-32 Total net assets or fund balancesStart of year $1,104,488$965,991
X-33 Total liabilities and net assetsStart of year $1,211,859$1,008,784
Part XI · Reconciliation of net assets $965,991 net assets at year end
XI-1 Total revenue$932,733
XI-2 Total expenses$1,103,136
XI-3 Revenue less expenses−$170,403
XI-4 Net assets at start of year$1,104,488
XI-5 Net unrealized gains (losses) on investments$31,906
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$965,991

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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