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Copper Valley Development Association INC

Tax-deductible

Glennallen, AK501(c)(3)Community Development EIN 92-0134864Revenue $610K in FY2025Latest return filed Oct 8, 2025

On file with the IRScoppervalley.orgGlennallen, AKTax-exempt since Aug 1999Publicly supported charity — 170(b)(1)(A)(vi)

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Grant to restore confidence in tourism in post covid Copper Valley via marketing program.used to benefit the community by bringing revenue back.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 9 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$45K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$610K
+695% vs prior year
Spent
$608K
To programs
95%
Net assets
$311K
By yearFY2022–FY2025
Revenue
$610K
FY2025▲ +695%
Tap a bar for its year
Revenue by fiscal year
FY2022$159K
FY2023$101K
FY2024$77K
FY2025$610K
Net assets
$311K
FY2025▲ ×33
Tap a bar for its year
Net assets by fiscal year
FY2022$0
FY2023$7K
FY2024−$10K
FY2025$311K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1999.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $579K Management & general 5% · $29K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Rego
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Josh Beug
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Copper Valley Development Association INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Restores tourism confidence and community revenue through marketing programs.

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2 programs · $579K · in their own filed words · FY2024
01

To repair the existing child advocacy center building in gakona brining it to withing standards and codes appropriate for such a facility. To acquire and build a secure family facility that serves the needs associated with residents within the copper river basin in times of need related to those goals and objectives. (hud)

$490Kprogram expense
02

Long Range Transportation Planning

To coordinate and falilitate public participation in the long range transportation planning for the copper river basin by the state of alaska (LRTP)

$89Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$610K
Ln 12
Gifts and grantsLn 1h$610K
Money outPt IX
$608K
Ln 25
Programscol B$579K
Managementcol C$29K
Owns and owesPt X
$311K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$356K
LiabilitiesLn 26$45K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$610K
Government grantsLn 1e$546K
Total revenueLn 12$610K
Assets in detailPt X, end of year
CashLn 1$96K
Cash and savings togetherLn 1–2$96K
Accounts receivableLn 4$9K
Land, buildings, equipmentLn 10c$250K
Total assetsLn 16$356K
LiabilitiesLn 26$45K
Net assetsLn 32$311K
OperationsPt I, VI
EmployeesI 52
VolunteersI 69
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$96K
Land, buildings, equipmentLn 10c$250K
Total assetsLn 16$0$356K
LiabilitiesLn 26$0$45K
Net assetsLn 32$0$311K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$83K$72K$11K$0
Payroll taxesLn 10$7K$6K$743$0
Management feesLn 11a$13K$12K$2K$0
Other fees for servicesLn 11g$12K$850$11K$0
Office expensesLn 13$5K$4K$1K$0
OccupancyLn 16$250K$250K$0$0
TravelLn 17$6K$3K$3K$0
Payments to affiliatesLn 21$84$0$84$0
Other expenses (24a–d)Ln 24$201K$201K$23$0
All other expensesLn 24e$30K$30K$0$0
Total functional expensesLn 25$608K$579K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Oct 8, 2025 $610K$608K$2K$311K 990 PDF
FY2024Filed with the IRS Apr 15, 2025 $77K−$10K 990 PDF
FY2023Filed with the IRS May 15, 2024 $101K$7K 990 PDF
FY2022Filed with the IRS Feb 3, 2023 $159K$0 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $609,950 revenue, 12 lines filed
I-8 Contributions and grants$609,950
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$609,950
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$90,135
I-16a Professional fundraising fees$0
I-17 Other expenses$517,567
I-18 Total expenses$607,702
I-19 Revenue less expenses$2,248
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $609,950 across 4 lines filed
VIII-1e Government grants$546,411
VIII-1f All other contributions, gifts and grants$63,539
VIII-1h Total contributions, gifts and grants$609,950
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$609,950
Part IX · Statement of functional expenses $607,702 across 10 lines filed
IX-7 Other salaries and wagesPrograms $71,837 · Management $11,287 · Fundraising $0$83,124
IX-10 Payroll taxesPrograms $6,268 · Management $743 · Fundraising $0$7,011
IX-11a Management feesPrograms $11,532 · Management $1,828 · Fundraising $0$13,360
IX-11g Other fees for servicesPrograms $850 · Management $10,936 · Fundraising $0$11,786
IX-13 Office expensesPrograms $3,799 · Management $1,121 · Fundraising $0$4,920
IX-16 OccupancyPrograms $250,000 · Management $0 · Fundraising $0$250,000
IX-17 TravelPrograms $2,946 · Management $2,909 · Fundraising $0$5,855
IX-21 Payments to affiliatesPrograms $0 · Management $84 · Fundraising $0$84
IX-24 Other expenses (24a–d)Programs $201,174 · Management $23 · Fundraising $0$201,197
IX-24e All other expensesPrograms $30,365 · Management $0 · Fundraising $0$30,365
IX-25 Total functional expensesPrograms $578,771 · Management $28,931 · Fundraising $0$607,702
Part X · Balance sheet $355,790 assets, 10 lines filed
X-1 Cash, non-interest-bearing$96,350
X-4 Accounts receivable$9,440
X-10c Land, buildings and equipment, net$250,000
X-16 Total assetsStart of year $0$355,790
X-19 Deferred revenue$44,522
X-26 Total liabilitiesStart of year $0$44,522
X-30 Paid-in or capital surplus$309,020
X-31 Retained earnings or endowment$2,248
X-32 Total net assets or fund balancesStart of year $0$311,268
X-33 Total liabilities and net assetsStart of year $0$355,790
Part XI · Reconciliation of net assets $311,268 net assets at year end
XI-1 Total revenue$609,950
XI-2 Total expenses$607,702
XI-3 Revenue less expenses$2,248
XI-8 Prior period adjustments$309,020
XI-10 Net assets at end of year$311,268

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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