Valley Charities INC

Tax-deductible

Wasilla, AK501(c)(3)Since 1992UnclassifiedEIN 92-0130785Revenue $9.2M in FY2024

On file with the IRSvalleycharities.org400 N Yenlo St, 99654-7147 · Wasilla, AKTax-exempt since Dec 1992Publicly supported charity — 170(b)(1)(A)(vi)

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Enhance our community's resources, health and social well-being through our work and partnerships.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 63 volunteers and 44 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
1 of 5
filings with a surplus
Average surplus $41K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$164K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $336K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$879K
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.2M
-43% vs prior year
Spent
$9.0M
To programs
99%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$9.2M
FY2024▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$37.2M
FY2022$86.4M
FY2023$14.9M
FY2024$16.1M
FY2024$9.2M
Expenses
$9.0M
FY2024▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$31.0M
FY2022$91.5M
FY2023$15.3M
FY2024$16.4M
FY2024$9.0M
Net assets
$1.3M
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$403K
FY2021$6.6M
FY2022$1.5M
FY2023$1.5M
FY2024$1.1M
FY2024$1.3M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1992.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $8.9M Management & general 1% · $85K

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

8 people listed on the 990; $164K paid to officers and key staff.

Part VII, Section A · reportable compensation
$95,002Pt VII · Sec A
$69,465Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
John Rozzi$95,002$90,002$90,002$108,467$83,077$80,000
Susan B Hale———$79,878$49,339$57,692
Kimberly Byrwa$69,465$68,488$68,477———
Susan Hale—$23,904————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Valley Charities 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 15aYes

Programs and updates

Provides housing, utility, medical equipment, and clothing assistance to neighbors in need.

Provided by the organization

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3 programs · $7.3M · in their own filed words · FY2024
01

Housing Assistance Programs

Through several grants, we partner with seven other mat-su agencies to provide housing associated services to prevent residents from being homeless.

$6.8Mprogram expense
02

Merchandise Vouchers/Thrift Store

This program recycles donated goods to benefit those in most need by providing clothing in-kind. This program is operated through our thrift store: which is owned by a volunteer board; all thrift store proceeds are allocated to programs and operations.

$443Kprogram expense
03

Mat-su reentry program. We work alongside mat-su organizations whose members passionately support increasing public safety through enhancing the well-being of former prisoners by assisting them to become successful citizens in our community.

$99Kprogram 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
Total grants receivedfrom 2 funders$336K
Grants paid · 29 grants · $153.5M · 2019–2024
Unitemized GrantFY2024$6,304,438
Daybreak INCAK · FY2024$95,555
Family PromiseAK · FY2024$45,918
MyhouseAK · FY2024$6,855
Unitemized GrantFY2023$13,843,685
Daybreak INCAK · FY2023$85,069
Family PromiseAK · FY2023$48,503
Unitemized GrantFY2022$12,556,857
Daybreak INCAK · FY2022$76,834
Family PromiseAK · FY2022$55,491
Unitemized GrantFY2021$88,761,015
Family PromiseAK · FY2021$53,309
Daybreak INCAK · FY2021$49,880
MyhouseAK · FY2021$9,454
See all 29 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$9.2M
Ln 12
Gifts and grantsLn 1h$9.1M
Other incomeLn 4–11$52K
Investment incomeLn 3$2K
Money outPt IX
$9.0M
Ln 25
Programscol B$8.9M
Managementcol C$85K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$820K
Total assetsLn 16$2.2M
LiabilitiesLn 26$879K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.1M
Government grantsLn 1e$7.9M
Investment incomeLn 3$2K
Other incomeLn 4–11$52K
Total revenueLn 12$9.2M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$818K
Cash and savings togetherLn 1–2$820K
Land, buildings, equipmentLn 10c$827K
Other assetsLn 15$48K
Total assetsLn 16$2.2M
LiabilitiesLn 26$879K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 544
VolunteersI 663
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$797K$820K
Land, buildings, equipmentLn 10c$893K$827K
Total assetsLn 16$2.0M$2.2M
LiabilitiesLn 26$875K$879K
Net assetsLn 32$1.1M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$501K$501K
Grants to domestic individualsLn 2$6.3M$6.3M
Pay of current officers, directors and key staffLn 5$164K$156K$8K
Other salaries and wagesLn 7$1.2M$1.2M$53K
Payroll taxesLn 10$103K$97K$5K
Accounting feesLn 11c$17K$17K
Investment management feesLn 11f$310$310
Other fees for servicesLn 11g$46K$46K
Advertising and promotionLn 12$18K$17K$388
Office expensesLn 13$122K$119K$4K
Information technologyLn 14$9K$9K$214
OccupancyLn 16$222K$219K$2K
TravelLn 17$50K$50K
InterestLn 20$29K$26K$3K
Depreciation, depletion and amortizationLn 22$70K$63K$7K
InsuranceLn 23$30K$28K$2K
Other expenses (24a–d)Ln 24$119K$119K$125
Total functional expensesLn 25$9.0M$8.9M$85K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $16.1M$16.4M−$362K$1.1M 990 PDF
FY2023 $14.9M$15.3M−$423K$1.5M 990 PDF
FY2022 $86.4M$91.5M−$5.1M$1.5M 990 PDF
FY2021 $37.2M$31.0M$6.2M$6.6M 990 PDF
FY2020 $1.4M$1.5M−$126K$403K 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 $9,162,410 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,023,003$9,108,739
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,498$1,661
I-11 Other revenuePrior year $26,894$52,010
I-12 Total revenuePrior year $16,052,395$9,162,410
I-13 Grants and similar amounts paidPrior year $14,486,021$6,805,086
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,377,467$1,477,822
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $551,034$731,308
I-18 Total expensesPrior year $16,414,522$9,014,216
I-19 Revenue less expensesPrior year −$362,127$148,194
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,162,410 across 6 lines filed
Lines not itemized here account for $45,754 of total revenue; see the IRS return.
VIII-1e Government grants$7,894,906
VIII-1f All other contributions, gifts and grants$1,213,833
VIII-1h Total contributions, gifts and grants$9,108,739
VIII-3 Investment incomeExcluded from tax $1,661$1,661
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,256$6,256
VIII-12 Total revenueRelated to mission $52,010 · Excluded from tax $1,661$9,162,410
Part IX · Statement of functional expenses $9,014,216 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $500,648$500,648
IX-2 Grants to domestic individualsPrograms $6,304,438$6,304,438
IX-5 Pay of current officers, directors and key staffPrograms $156,244 · Management $8,223$164,467
IX-7 Other salaries and wagesPrograms $1,157,971 · Management $52,870$1,210,841
IX-10 Payroll taxesPrograms $97,388 · Management $5,126$102,514
IX-11c Accounting feesPrograms $17,300$17,300
IX-11f Investment management feesManagement $310$310
IX-11g Other fees for servicesPrograms $45,849$45,849
IX-12 Advertising and promotionPrograms $17,248 · Management $388$17,636
IX-13 Office expensesPrograms $118,549 · Management $3,558$122,107
IX-14 Information technologyPrograms $9,263 · Management $214$9,477
IX-16 OccupancyPrograms $219,456 · Management $2,475$221,931
IX-17 TravelPrograms $49,780$49,780
IX-20 InterestPrograms $25,681 · Management $2,853$28,534
IX-22 Depreciation, depletion and amortizationPrograms $62,938 · Management $6,993$69,931
IX-23 InsurancePrograms $27,525 · Management $2,072$29,597
IX-24 Other expenses (24a–d)Programs $118,731 · Management $125$118,856
IX-25 Total functional expensesPrograms $8,929,009 · Management $85,207 · Fundraising $0$9,014,216
Part X · Balance sheet $2,157,438 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,500$1,500
X-2 Savings and temporary cash investmentsStart of year $795,396$818,315
X-3 Pledges and grants receivableStart of year $118,497$269,560
X-8 Inventories for sale or useStart of year $147,748$193,502
X-10c Land, buildings and equipment, netStart of year $892,523$826,688
X-15 Other assetsStart of year $47,084$47,873
X-16 Total assetsStart of year $2,002,748$2,157,438
X-17 Accounts payable and accrued expensesStart of year $85,464$118,899
X-19 Deferred revenue$4,823
X-26 Total liabilitiesStart of year $875,410$878,808
X-27 Net assets without donor restrictionsStart of year $977,640$972,531
X-28 Net assets with donor restrictionsStart of year $149,698$306,099
X-32 Total net assets or fund balancesStart of year $1,127,338$1,278,630
X-33 Total liabilities and net assetsStart of year $2,002,748$2,157,438
Part XI · Reconciliation of net assets $1,278,630 net assets at year end
XI-1 Total revenue$9,162,410
XI-2 Total expenses$9,014,216
XI-3 Revenue less expenses$148,194
XI-4 Net assets at start of year$1,127,338
XI-5 Net unrealized gains (losses) on investments$2,672
XI-8 Prior period adjustments$426
XI-10 Net assets at end of year$1,278,630

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

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