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Doe Valley Association INC

Brandenburg, KY501(c)(7)EIN 61-1120986Revenue $5.5M in FY2024

On file with the IRS147 Doe Valley Pkwy W, 40108-8338 · Brandenburg, KYTax-exempt since Jan 1988

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The nonprofit corporation was established to collect dues and assessments from its members to be used for operating and maintaining the facilities.

$150K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
5 of 5
filings with a surplus
Average surplus $784K a year · 17% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$150K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
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
$5.5M
+3% vs prior year
Spent
$4.3M
Net assets
$8.6M
By yearFY2020–FY2024
Revenue
$5.5M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.4M
FY2021$4.1M
FY2022$4.4M
FY2023$5.3M
FY2024$5.5M
Expenses
$4.3M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$3.8M
FY2022$4.1M
FY2023$4.2M
FY2024$4.3M
Net assets
$8.6M
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.6M
FY2021$5.9M
FY2022$6.2M
FY2023$7.3M
FY2024$8.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1988.

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

Who runs it and what they're paid

7 people listed on the 990; $150K paid to officers and key staff.

Part VII, Section A · reportable compensation
Edwin Bohannon
General Manager
$85,000Pt VII · Sec A
Patsy Vaughn
Accounting Staff
$65,000Pt VII · Sec A
Susan Bizzell
Treasurer
$0Pt VII · Sec A
Joseph Redmon JR
Co- Vice President-Finance
$0Pt VII · Sec A
Paul Smith
Vice President-Operations
$0Pt VII · Sec A
Christie Smith
Co-Vice President- Finance
$0Pt VII · Sec A
Jackie Engle
President/Secretary
$0Pt VII · Sec A
See Doe Valley Association 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 15aNo

Programs and updates

Collects member dues and assessments for facility operation and maintenance.

Questions for Doe Valley Association INC

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Collect dues and assessments to operate and maintain facilities which provide a recreational and social atmosphere for its members to participate in activities and develop goodwill, and friendships between each other.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.5M
Ln 12
Gifts and grantsLn 1h$2.5M
Fees for servicesLn 2g$2.3M
Other incomeLn 4–11$708K
Money outPt IX
$4.3M
Ln 25
Owns and owesPt X
$8.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$9.7M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$23K
Other incomeLn 4–11$708K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$583K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.0M
Land, buildings, equipmentLn 10c$7.3M
Other assetsLn 15$373K
Total assetsLn 16$9.7M
LiabilitiesLn 26$1.1M
Net assetsLn 32$8.6M
OperationsPt I, VI
EmployeesI 5142
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$1.4M$2.0M
Land, buildings, equipmentLn 10c$6.1M$7.3M
Total assetsLn 16$8.0M$9.7M
LiabilitiesLn 26$636K$1.1M
Net assetsLn 32$7.3M$8.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.5M
Pension plan contributionsLn 8$19K
Other employee benefitsLn 9$91K
Payroll taxesLn 10$127K
Other fees for servicesLn 11g$16K
Advertising and promotionLn 12$9K
OccupancyLn 16$199K
InterestLn 20$73K
Depreciation, depletion and amortizationLn 22$505K
InsuranceLn 23$99K
Other expenses (24a–d)Ln 24$1.2M
All other expensesLn 24e$393K
Total functional expensesLn 25$4.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.5M$4.3M$1.2M$8.6M 990 PDF
FY2023 $5.3M$4.2M$1.1M$7.3M 990 PDF
FY2022 $4.4M$4.1M$324K$6.2M 990 PDF
FY2021 $4.1M$3.8M$306K$5.9M 990 PDF
FY2020 $4.4M$3.4M$918K$5.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $5,494,300 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,021,105$2,490,610
I-9 Program service revenuePrior year $1,907,955$2,272,692
I-10 Investment incomePrior year $66,345$22,772
I-11 Other revenuePrior year $320,023$708,226
I-12 Total revenuePrior year $5,315,428$5,494,300
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 $1,787,692$1,763,424
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,387,930$2,500,545
I-18 Total expensesPrior year $4,175,622$4,263,969
I-19 Revenue less expensesPrior year $1,139,806$1,230,331
Part VI · Governance 5 of 5 board members independent, 4 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-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $5,494,300 across 5 lines filed
Lines not itemized here account for $830,982 of total revenue; see the IRS return.
VIII-1b Membership dues$2,490,610
VIII-1h Total contributions, gifts and grants$2,490,610
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $345,574 · Unrelated business $1,804,362$2,149,936
VIII-3 Investment incomeExcluded from tax $22,772$22,772
VIII-12 Total revenueRelated to mission $1,176,556 · Unrelated business $1,804,362 · Excluded from tax $22,772$5,494,300
Part IX · Statement of functional expenses $4,263,969 across 12 lines filed
IX-7 Other salaries and wages$1,526,237
IX-8 Pension plan contributions$18,896
IX-9 Other employee benefits$91,303
IX-10 Payroll taxes$126,988
IX-11g Other fees for services$15,585
IX-12 Advertising and promotion$8,810
IX-16 Occupancy$198,537
IX-20 Interest$73,427
IX-22 Depreciation, depletion and amortization$504,982
IX-23 Insurance$98,913
IX-24 Other expenses (24a–d)$1,207,614
IX-24e All other expenses$392,677
IX-25 Total functional expenses$4,263,969
Part X · Balance sheet $9,703,756 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $532,889$583,313
X-2 Savings and temporary cash investmentsStart of year $878,693$1,382,484
X-4 Accounts receivableStart of year $90,243$103,400
X-8 Inventories for sale or useStart of year $22,762$9,612
X-10c Land, buildings and equipment, netStart of year $6,057,182$7,251,617
X-15 Other assetsStart of year $379,142$373,330
X-16 Total assetsStart of year $7,960,911$9,703,756
X-17 Accounts payable and accrued expensesStart of year $224,695$246,420
X-24 Unsecured notes and loans payableStart of year $54,819$40,991
X-26 Total liabilitiesStart of year $635,998$1,148,512
X-27 Net assets without donor restrictionsStart of year $7,324,913$8,555,244
X-32 Total net assets or fund balancesStart of year $7,324,913$8,555,244
X-33 Total liabilities and net assetsStart of year $7,960,911$9,703,756
Part XI · Reconciliation of net assets $8,555,244 net assets at year end
XI-1 Total revenue$5,494,300
XI-2 Total expenses$4,263,969
XI-3 Revenue less expenses$1,230,331
XI-4 Net assets at start of year$7,324,913
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,555,244

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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