Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
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
26 people listed on the 990.
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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 15aNo
Programs and updates
Boosts regional investment and collaboration to create economic opportunity for all residents.
Questions for Advantage Valley INC
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Entreprenuerial Development
Advantage Valley supports the startup and expansion of existing businesses by providing business coaching, entrepreneurial training, and access to capital.
Business Retention
Working with our network of community economic development partners, Advantage Valley funds outreach to existing manufacturers to link them with resources to retain and grow their number of employees and revenues.
Regional Marketing
Advantage Valley seeks to increase private investment in the region by: 1) identifying business expansion projects that will lead to job growth; 2) promoting Opportunity Zone properties and businesses that represent catalytic community revitalization projects; 3) recruiting talent to live and work in the region; and 4) raising awareness…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $215K | $164K |
| Total assetsLn 16 | $279K | $219K |
| LiabilitiesLn 26 | $216K | $221K |
| Net assetsLn 32 | $63K | −$2K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $119K | $115K | $4K | |
| Other employee benefitsLn 9 | $2K | $2K | ||
| Payroll taxesLn 10 | $18K | $17K | $411 | |
| Management feesLn 11a | $105K | $78K | $26K | |
| Accounting feesLn 11c | $3K | $3K | ||
| Other fees for servicesLn 11g | $591K | $591K | ||
| Advertising and promotionLn 12 | $21K | $21K | ||
| Office expensesLn 13 | $13K | $13K | $123 | |
| Information technologyLn 14 | $62K | $61K | $1K | |
| OccupancyLn 16 | $17K | $5K | $12K | |
| TravelLn 17 | $25K | $22K | $3K | |
| Conferences, conventions and meetingsLn 19 | $15K | $7K | $8K | |
| InsuranceLn 23 | $942 | $942 | ||
| Other expenses (24a–d)Ln 24 | $8K | $5K | $3K | |
| Total functional expensesLn 25 | $999K | $936K | $64K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.2M | $1.2M | −$55K | $16K | 990 PDF |
| FY2023 | $1.5M | $1.5M | $10K | $75K | 990 PDF |
| FY2022 Viewing | $935K | $999K | −$64K | −$2K | 990 PDF |
| FY2021 | $550K | $567K | −$17K | $57K | 990 PDF |
| FY2020 | $427K | $390K | $37K | $71K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $935,048 revenue, 12 lines filed
Part VI · Governance 24 of 24 board members independent, 1 to look at
Part VIII · Statement of revenue $935,048 across 5 lines filed
Part IX · Statement of functional expenses $999,452 across 14 lines filed
Part X · Balance sheet $219,100 assets, 9 lines filed
Part XI · Reconciliation of net assets −$1,676 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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