501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

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
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 2
filings with a surplus
Average surplus $47K a year · 32% 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
18 mo
of spending, in cash
Looks good: 18.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $80K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$181K
Spent
$74K
To programs
84%
Net assets
$107K
By yearFY2023–FY2024
Revenue
$181K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$181K
FY2024$120K
Expenses
$74K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$74K
FY2024$132K
Net assets
$107K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$107K
FY2024$95K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2023.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $62K Management & general 16% · $12K

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
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Christian Johanneson’s $18K as CEO is at the 13th percentile of top reported officer pay among 328 $100K–1M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Valhalla Fund 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides essential resources and support to those in need.

Questions for Valhalla Fund

Tap to ask. Valhalla Fund sees how many people are interested.

Your first name shows with your question. Valhalla Fund answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $62K · in their own filed words · FY2023
01

Scootericeland

In 2023 the foundation funded a journey to Iceland, raising funds and awareness for pulmonary fibrosis. 100% of the money raised will go directly towards benefiting those affected by pulmonary fibrosis.

$61Kprogram expense
02

Valhalla Vessels

The Valhalla Fund offers a unique experience to visitors and locals alike. Whether you're looking to explore the beauty of Puget Sound, or are seeking an unforgettable fishing adventure, their team is eager to take you there.

$1Kprogram 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 3 funders$80K
See all 3 funders →
Grants paid · 1 grant · $15K · 2024–2024

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$181K
Ln 12
Gifts and grantsLn 1h$178K
Investment incomeLn 3$2K
Money outPt IX
$74K
Ln 25
Programscol B$62K
Managementcol C$12K
Owns and owesPt X
$107K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$113K
LiabilitiesLn 26$7K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$178K
Investment incomeLn 3$2K
Total revenueLn 12$181K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$110K
Cash and savings togetherLn 1–2$113K
Total assetsLn 16$113K
LiabilitiesLn 26$7K
Net assetsLn 32$107K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$113K
Total assetsLn 16$0$113K
LiabilitiesLn 26$0$7K
Net assetsLn 32$0$107K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other employee benefitsLn 9$10K$5K$5K
Legal feesLn 11b$249$224$25
Accounting feesLn 11c$1K$1K$125
Other fees for servicesLn 11g$10K$9K$551
Advertising and promotionLn 12$2K$2K$364
Office expensesLn 13$8K$4K$4K
Information technologyLn 14$5K$4K$379
TravelLn 17$6K$6K
InterestLn 20$19$19
Other expenses (24a–d)Ln 24$25K$24K$1K
All other expensesLn 24e$6K$6K$153
Total functional expensesLn 25$74K$62K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $120K$132K−$12K$95K 990 PDF
FY2023 Viewing $181K$74K$107K$107K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $180,599 revenue, 12 lines filed
I-8 Contributions and grants$178,149
I-9 Program service revenue$0
I-10 Investment income$2,450
I-11 Other revenue$0
I-12 Total revenue$180,599
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$10,114
I-16a Professional fundraising fees$0
I-17 Other expenses$63,587
I-18 Total expenses$73,701
I-19 Revenue less expenses$106,898
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-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $180,599 across 4 lines filed
VIII-1f All other contributions, gifts and grants$178,149
VIII-1h Total contributions, gifts and grants$178,149
VIII-3 Investment incomeExcluded from tax $2,450$2,450
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,450$180,599
Part IX · Statement of functional expenses $73,701 across 11 lines filed
IX-9 Other employee benefitsPrograms $5,057 · Management $5,057$10,114
IX-11b Legal feesPrograms $224 · Management $25$249
IX-11c Accounting feesPrograms $1,125 · Management $125$1,250
IX-11g Other fees for servicesPrograms $9,292 · Management $551$9,843
IX-12 Advertising and promotionPrograms $1,776 · Management $364$2,140
IX-13 Office expensesPrograms $3,931 · Management $3,940$7,871
IX-14 Information technologyPrograms $4,360 · Management $379$4,739
IX-17 TravelPrograms $6,397$6,397
IX-20 InterestPrograms $19$19
IX-24 Other expenses (24a–d)Programs $23,640 · Management $1,133$24,773
IX-24e All other expensesPrograms $6,153 · Management $153$6,306
IX-25 Total functional expensesPrograms $61,974 · Management $11,727 · Fundraising $0$73,701
Part X · Balance sheet $113,464 assets, 7 lines filed
X-1 Cash, non-interest-bearing$3,773
X-2 Savings and temporary cash investments$109,691
X-16 Total assetsStart of year $0$113,464
X-25 Other liabilitiesStart of year $0$6,566
X-26 Total liabilitiesStart of year $0$6,566
X-32 Total net assets or fund balancesStart of year $0$106,898
X-33 Total liabilities and net assetsStart of year $0$113,464
Part XI · Reconciliation of net assets $106,898 net assets at year end
XI-1 Total revenue$180,599
XI-2 Total expenses$73,701
XI-3 Revenue less expenses$106,898
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$106,898

Form 990 e-file (XML) FY2023 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.