philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Re-1 Valley Foundation INC

Sterling, COUnknown exempt organization EIN 84-1275838Revenue −$13K in FY2022

On file with the IRSPo Box 129 · Sterling, CO

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Contributions received from individuals, businesses & corporations are invested in savings, money market accounts, and securities with earnings, gains/losses on investments used to supplement grants and scholarships.

60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $91K a year · 71% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $49K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$13K
-105% vs prior year
Spent
$42K
To programs
60%
Net assets
$0
By yearFY2021–FY2022
Revenue
−$13K
FY2022▼ -105%
Tap a bar for its year
Revenue by fiscal year
FY2021$269K
FY2022−$13K
Expenses
$42K
FY2022▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2021$32K
FY2022$42K
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$995K
FY2022$0

From the FY2022 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $25K Management & general 40% · $17K

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
Jonna Stromberger
Pro Temp/Dir
$0Pt VII · Sec A
Rachelle Maker
Secretary/Di
$0Pt VII · Sec A
Michele Gerk
President/Di
$0Pt VII · Sec A
Ron Marastica
Ex-Officio
$0Pt VII · Sec A
Sarah Matthews
Executive Di
$0Pt VII · Sec A
See Re-1 Valley Foundation INC 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

Invests donations in savings and securities to fund grants and scholarships.

Questions for Re-1 Valley Foundation INC

Tap to ask. Re-1 Valley Foundation INC sees how many people are interested.

Your first name shows with your question. Re-1 Valley Foundation INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $25K · in their own filed words · FY2022
01

Provided scholarships to students throughout RE-1 valleyprovided scholarships to students throughout RE-1 valley

$25Kprogram 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 · FY2024
Community Foundation of Northern ColoradoFY2024$49K
Total grants receivedfrom 1 funder$49K
Grants paid · 3 grants · $35K · 2020–2022
Unitemized GrantFY2022$24,875
Unitemized GrantFY2020$8,000
Unitemized GrantFY2020$2,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
−$13K
Ln 12
Investment incomeLn 3$12K
Gifts and grantsLn 1h$684
Money outPt IX
$42K
Ln 25
Programscol B$25K
Managementcol C$17K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$684
Investment incomeLn 3$12K
Gains on assetsLn 7−$25K
Total revenueLn 12−$13K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
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
Total assetsLn 16$1.0M$0
LiabilitiesLn 26$352$0
Net assetsLn 32$1.0M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$25K$25K
Other salaries and wagesLn 7$1K$1K
Payroll taxesLn 10$239$239
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$5K$5K
Office expensesLn 13$16$16
Other expenses (24a–d)Ln 24$8$8
Total functional expensesLn 25$42K$25K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing −$13K$42K−$55K$0 990 PDF
FY2021 $269K$32K$237K$995K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary −$13,094 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,365$684
I-9 Program service revenue$0
I-10 Investment incomePrior year $70,023−$13,778
I-11 Other revenue$0
I-12 Total revenuePrior year $74,388−$13,094
I-13 Grants and similar amounts paidPrior year $28,536$24,875
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,208$1,469
I-16a Professional fundraising feesPrior year $36$0
I-17 Other expensesPrior year $24,463$15,366
I-18 Total expensesPrior year $56,243$41,710
I-19 Revenue less expensesPrior year $18,145−$54,804
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 −$13,094 across 5 lines filed
VIII-1f All other contributions, gifts and grants$684
VIII-1h Total contributions, gifts and grants$684
VIII-3 Investment incomeExcluded from tax $11,573$11,573
VIII-7 Net gain or loss on sales of assetsRelated to mission −$25,351−$25,351
VIII-12 Total revenueRelated to mission −$25,351 · Excluded from tax $11,573−$13,094
Part IX · Statement of functional expenses $41,710 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $24,875$24,875
IX-7 Other salaries and wagesManagement $1,230$1,230
IX-10 Payroll taxesManagement $239$239
IX-11b Legal feesManagement $2,000$2,000
IX-11c Accounting feesManagement $8,500$8,500
IX-11f Investment management feesManagement $4,842$4,842
IX-13 Office expensesManagement $16$16
IX-24 Other expenses (24a–d)Management $8$8
IX-25 Total functional expensesPrograms $24,875 · Management $16,835 · Fundraising $0$41,710
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $1,013,141$0
X-26 Total liabilitiesStart of year $352$0
X-32 Total net assets or fund balancesStart of year $1,012,789$0
X-33 Total liabilities and net assetsStart of year $1,013,141$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue−$13,094
XI-2 Total expenses$41,710
XI-3 Revenue less expenses−$54,804
XI-4 Net assets at start of year$1,012,789
XI-9 Other changes in net assets−$957,985
XI-10 Net assets at end of year$0

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.