Valleylife Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 86-0702413)

Revenue by fiscal year
FY2021	$340K
FY2022	$213K
FY2023	$50K
FY2024	$385K
FY2024	$106K

Expenses by fiscal year
FY2021	$113K
FY2022	$113K
FY2023	$177K
FY2024	$176K
FY2024	$130K

Net assets by fiscal year
FY2021	$2.9M
FY2022	$2.4M
FY2023	$2.5M
FY2024	$2.9M
FY2024	$3.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1993.

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

Part of a larger organization · Schedule R

Valleylife Foundation files its own Form 990, but Schedule R discloses 7 related entities — figures on this page are for this EIN only, not the whole group.

Valley of the Sun School Properties Six · Valley of the Sun School Properties One · Valley of the Sun School Properties Two · Valley of the Sun School Properties Three + 3 more · see all

Combined filings · FY2021 · 7 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 40% of group revenue.

Group revenue

$852K

Group expenses

$821K

Group net assets

$5.3M

Valley of the Sun School Properties Six · $145K rev · $802K net assets

Valley of the Sun School Properties One · $70K rev · $221K net assets

Valley of the Sun School Properties Two · $70K rev · $385K net assets

Valley of the Sun School Properties Three · $86K rev · $209K net assets

Valley of the Sun School Properties Four · $94K rev · $439K net assets

Valley of the Sun School Properties Five · $47K rev · $363K net assets

Where the money goes

15 cents of each dollar spent went to programs.

15%

30%

55%

Program services 15% · $16K Management & general 30% · $34K Fundraising 55% · $62K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Cletus Thiebeau

Vice-President

$0Pt VII · Sec A

Linda Miller Thru 092021

Secretary/Treasurer

$0Pt VII · Sec A

Katy White

President/Chair

$0Pt VII · Sec A

Heather Bull

Director

$0Pt VII · Sec A

See Valleylife Foundation 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

Improves and maintains community life through expansion and upkeep.

Questions for Valleylife Foundation

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Provided by the organization

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1 program · $16K · in their own filed words · FY2020

01

To invest and maintain assets for the support of valleylife.

$16Kprogram 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 · FY2020

American Online Giving Foundation INCFY2020$5K

Total grants receivedfrom 1 funder$5K

Grants paid · 8 grants · $186K · 2020–2024

Unitemized GrantFY2024$34,701

Valley of the Sun School Properties ThreeAZ · FY2024$5,900

Unitemized GrantFY2023$77,222

ValleylifeAZ · FY2023$6,356

ValleylifeAZ · FY2022$40,000

Unitemized GrantFY2022$8,868

Unitemized GrantFY2021$6,865

Unitemized GrantFY2020$5,659

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$340K

Ln 12

Investment incomeLn 3$264K

Fees for servicesLn 2g$44K

Gifts and grantsLn 1h$36K

Money outPt IX

$113K

Ln 25

Programscol B$16K

Managementcol C$34K

Fundraisingcol D$62K

Owns and owesPt X

$2.9M

net assets · Ln 32

Cash and savingsLn 1–2$73K

Total assetsLn 16$3.1M

LiabilitiesLn 26$266K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$36K

Fundraising eventsLn 1c$22K

Fees for servicesLn 2g$44K

Investment incomeLn 3$264K

Gains on assetsLn 7$208K

Total revenueLn 12$340K

Assets in detailPt X, end of year

CashLn 1$38K

SavingsLn 2$35K

Cash and savings togetherLn 1–2$73K

InvestmentsLn 11–13$2.6M

Land, buildings, equipmentLn 10c$430K

Total assetsLn 16$3.1M

LiabilitiesLn 26$266K

Net assetsLn 32$2.9M

OperationsPt I, VI

EmployeesI 50

VolunteersI 620

Fiscal year endsHeaderSeptember

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$63K	$73K
InvestmentsLn 11–13	$2.1M	$2.6M
Land, buildings, equipmentLn 10c	$439K	$430K
Total assetsLn 16	$2.6M	$3.1M
LiabilitiesLn 26	$248K	$266K
Net assetsLn 32	$2.4M	$2.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$6K	$6K
Other salaries and wagesLn 7	$62K			$62K
Accounting feesLn 11c	$6K		$6K
Investment management feesLn 11f	$22K		$22K
Other fees for servicesLn 11g	$40		$40
Office expensesLn 13	$4K		$4K
TravelLn 17	$394		$394
Conferences, conventions and meetingsLn 19	$2K		$2K
InterestLn 20	$3K	$3K
Depreciation, depletion and amortizationLn 22	$8K	$8K
Total functional expensesLn 25	$113K	$16K	$34K	$62K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$385K	$176K	$209K	$2.9M	990 PDF
FY2023	$50K	$177K	−$127K	$2.5M	990 PDF
FY2022	$213K	$113K	$100K	$2.4M	990 PDF
FY2021 Viewing	$340K	$113K	$228K	$2.9M	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 FY2021 990 (6 parts)

Part I · Summary $340,284 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,450$35,727

I-9 Program service revenuePrior year $10,956$43,824

I-10 Investment incomePrior year $207,570$264,148

I-11 Other revenuePrior year $12,550−$3,415

I-12 Total revenuePrior year $234,526$340,284

I-13 Grants and similar amounts paidPrior year $9,450$5,659

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $78,517$62,317

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $9,393$44,732

I-18 Total expensesPrior year $97,360$112,708

I-19 Revenue less expensesPrior year $137,166$227,576

Part VI · Governance 2 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members2

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 $340,284 across 9 lines filed

VIII-1c Fundraising events$22,476

VIII-1f All other contributions, gifts and grants$13,251

VIII-1h Total contributions, gifts and grants$35,727

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $43,824$43,824

VIII-3 Investment incomeExcluded from tax $56,352$56,352

VIII-7 Net gain or loss on sales of assetsExcluded from tax $207,796$207,796

VIII-8 Net income from fundraising eventsExcluded from tax −$3,829−$3,829

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $414$414

VIII-12 Total revenueRelated to mission $43,824 · Unrelated business $0 · Excluded from tax $260,733$340,284

Part IX · Statement of functional expenses $112,708 across 10 lines filed

IX-2 Grants to domestic individualsPrograms $5,659$5,659

IX-7 Other salaries and wagesFundraising $62,317$62,317

IX-11c Accounting feesManagement $5,770$5,770

IX-11f Investment management feesManagement $21,626$21,626

IX-11g Other fees for servicesManagement $40$40

IX-13 Office expensesManagement $4,154$4,154

IX-17 TravelManagement $394$394

IX-19 Conferences, conventions and meetingsManagement $1,921$1,921

IX-20 InterestPrograms $2,538$2,538

IX-22 Depreciation, depletion and amortizationPrograms $8,289$8,289

IX-25 Total functional expensesPrograms $16,486 · Management $33,905 · Fundraising $62,317$112,708

Part X · Balance sheet $3,120,700 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $27,942$37,952

X-2 Savings and temporary cash investmentsStart of year $35,121$35,478

X-10c Land, buildings and equipment, netStart of year $438,752$430,463

X-12 Other securitiesStart of year $2,134,207$2,616,807

X-16 Total assetsStart of year $2,636,022$3,120,700

X-25 Other liabilitiesStart of year $31,962$79,442

X-26 Total liabilitiesStart of year $248,232$266,017

X-27 Net assets without donor restrictionsStart of year $2,387,790$2,854,683

X-32 Total net assets or fund balancesStart of year $2,387,790$2,854,683

X-33 Total liabilities and net assetsStart of year $2,636,022$3,120,700

Part XI · Reconciliation of net assets $2,854,683 net assets at year end

XI-1 Total revenue$340,284

XI-2 Total expenses$112,708

XI-3 Revenue less expenses$227,576

XI-4 Net assets at start of year$2,387,790

XI-5 Net unrealized gains (losses) on investments$239,317

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,854,683

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Valleylife Foundation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Valleylife Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

Valleylife Foundation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Valleylife Foundation

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV