Valor Strong Foundation

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The purpose of the Valor Strong Foundation is to run gymnastic meets support the Valor Strong Gymnastics Parent Club and raise money for athletic scholarships.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-2703550) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 55 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
19.6 mo
of spending, in cash
19.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$477K
Spent
$291K
To programs
100%
Net assets
$475K

From the FY2023 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jul 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $291K

Form 990 Part IX, line 25. 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
President of the Board CEO
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
See Valor Strong Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Organizes gymnastic meets and raises funds for athletic scholarships.

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2 programs · $291K · in their own filed words · FY2023
01

The HNI or Houston National Invitational is a prestigious gymnastics competition held annually in Houston Texas. Its known for attracting top-level gymnasts from around the world including Olympic athletes. The HNI offers a unique experience for both athletes and spectators.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-2703550) · Dispute this line
$181Kprogram expense
02

A Region 3 gymnastics meet in Louisiana is a competitive event where young gymnasts from various clubs and gyms across the state come together to showcase their skills. These meets are typically held at large venues like convention centers or sports arenas.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-2703550) · Dispute this line
$110Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$477K
Ln 12
Fees for servicesLn 2g$475K
Gifts and grantsLn 1h$2K
Money outPt IX
$291K
Ln 25
Programscol B$291K
Owns and owesPt X
$475K
net assets · Ln 32
Cash and savingsLn 1–2$475K
Total assetsLn 16$475K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$475K
Total revenueLn 12$477K
Assets in detailPt X, end of year
CashLn 1$475K
Cash and savings togetherLn 1–2$475K
Total assetsLn 16$475K
LiabilitiesLn 26$0
Net assetsLn 32$475K
OperationsPt I, VI
EmployeesI 50
VolunteersI 655
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 FY23End FY23
Cash and savingsLn 1–2$289K$475K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$289K$475K
LiabilitiesLn 26$0$0
Net assetsLn 32$289K$475K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$291K$291K$0$0
Total functional expensesLn 25$291K$291K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Feb 5, 2025 $477K$291K$187K$475K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $477,378 revenue, 12 lines filed
I-8 Contributions and grants$2,000
I-9 Program service revenue$475,378
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$477,378
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$290,774
I-18 Total expenses$290,774
I-19 Revenue less expenses$186,604
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $477,378 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$2,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$2,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $475,378 · Unrelated business $0 · Excluded from tax $0$475,378
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $475,378 · Unrelated business $0 · Excluded from tax $0$477,378
Part IX · Statement of functional expenses $290,774 across 7 lines filed
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $290,774 · Management $0 · Fundraising $0$290,774
IX-25 Total functional expensesPrograms $290,774 · Management $0 · Fundraising $0$290,774
Part X · Balance sheet $475,459 assets, 31 lines filed
X-1 Cash, non-interest-bearingStart of year $288,855$475,459
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $288,855$475,459
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $288,855$475,459
X-32 Total net assets or fund balancesStart of year $288,855$475,459
X-33 Total liabilities and net assetsStart of year $288,855$475,459
Part XI · Reconciliation of net assets $475,459 net assets at year end
XI-1 Total revenue$477,378
XI-2 Total expenses$290,774
XI-3 Revenue less expenses$186,604
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$475,459

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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