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Valley Columbus Corp FY2021 filing

Not tax-deductible

Van Nuys, CAMutual-benefit / member-servingEIN 95-2004499Revenue $178K in FY2021

On file with the IRS14450 Valerio St, 91405-2307 · Van Nuys, CATax-exempt since Oct 1940

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23701h Corporation holding title to property for exempt organization - Fraternal Club

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $74K a year · 52% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$178K
+106% vs prior year
Spent
$45K
To programs
0%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$178K
FY2021▲ +106%
Tap a bar for its year
Revenue by fiscal year
FY2020$87K
FY2021$178K
FY2022$96K
FY2023$96K
FY2024$337K
FY2025$63K
Expenses
$45K
FY2021▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$53K
FY2021$45K
FY2022$76K
FY2023$65K
FY2024$80K
FY2025$93K
Net assets
$2.0M
FY2021▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$1.8M
FY2023$1.9M
FY2024$2.1M
FY2025$2.1M

From the FY2021 Form 990 (year ending September 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1940.

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Donald Hanson
President & Director
$0Pt VII · Sec A
Tom O'Malley
Vice President & Director
$0Pt VII · Sec A
Joe Stockert
Secretary & Director
$0Pt VII · Sec A
Dennis Nodar
Treasurer & Director
$0Pt VII · Sec A
John Riordan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Latu Fafita
Director
$0Pt VII · Sec A
See Valley Columbus Corp 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

Owns property for a fraternal club's exempt purposes.

Questions for Valley Columbus Corp

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Fraternal Club

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$178K
Ln 12
Investment incomeLn 3$165K
Fees for servicesLn 2g$12K
Other incomeLn 4–11$2K
Money outPt IX
$45K
Ln 25
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$12K
Investment incomeLn 3$165K
Other incomeLn 4–11$2K
Total revenueLn 12$178K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
InvestmentsLn 11–13$673K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$0
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$11K$39K
InvestmentsLn 11–13$568K$673K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.8M$2.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.8M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$9K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$32K
Total functional expensesLn 25$45K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $63K$93K−$29K$2.1M 990 PDF
FY2024 $337K$80K$257K$2.1M 990 PDF
FY2023 $96K$65K$32K$1.9M 990 PDF
FY2022 $96K$76K$20K$1.8M 990 PDF
FY2021 Viewing $178K$45K$133K$2.0M 990 PDF
FY2020 $87K$53K$34K$1.8M 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 $178,293 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $17,200$11,600
I-10 Investment incomePrior year $67,381$164,816
I-11 Other revenuePrior year $2,102$1,877
I-12 Total revenuePrior year $86,683$178,293
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $52,636$45,180
I-18 Total expensesPrior year $52,636$45,180
I-19 Revenue less expensesPrior year $34,047$133,113
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $178,293 across 6 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,600 · Unrelated business $0 · Excluded from tax $0$11,600
VIII-3 Investment incomeRelated to mission $164,816 · Unrelated business $0 · Excluded from tax $0$164,816
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,877 · Unrelated business $0 · Excluded from tax $0$1,877
VIII-12 Total revenueRelated to mission $178,293 · Unrelated business $0 · Excluded from tax $0$178,293
Part IX · Statement of functional expenses $45,180 across 3 lines filed
IX-11a Management fees$8,520
IX-23 Insurance$4,879
IX-24 Other expenses (24a–d)$31,781
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$45,180
Part X · Balance sheet $1,961,823 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $10,546$38,843
X-10c Land, buildings and equipment, netStart of year $1,250,000$1,250,000
X-11 Publicly traded securitiesStart of year $568,164$672,980
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 $1,828,710$1,961,823
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-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-32 Total net assets or fund balancesStart of year $1,828,710$1,961,823
X-33 Total liabilities and net assetsStart of year $1,828,710$1,961,823
Part XI · Reconciliation of net assets $1,961,823 net assets at year end
XI-1 Total revenue$178,293
XI-2 Total expenses$45,180
XI-3 Revenue less expenses$133,113
XI-4 Net assets at start of year$1,828,710
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$1,961,823

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

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