Nonprofit · EIN 23-7048114
VALLEY IMPROVEMENT ASSOCIATION INC
Tax-exempt · BELEN, NM 87002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $52,396 | $64,377 | -$11,981 | $608,563 | $0 | $608,563 |
| December 31, 2024 | 990 | $1,637,219 | $132,512 | $1,504,707 | $621,234 | $690 | $620,544 |
| December 31, 2023 | 990 | $92,662 | $96,308 | -$3,646 | $641,542 | $1,525,705 | -$884,163 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,128
- Investment income
- $27,894
- Other revenue
- $10,374
Expenses
- Grants and similar amounts paid
- $10
- Compensation of officers, directors and key employees
- $18,898
- Salaries, compensation and benefits (total)
- $20,406
- Professional fundraising fees
- $0
- Legal fees
- $2,140
- Accounting fees
- $4,241
- Occupancy
- $9,991
- Program services (functional)
- $37,719
- Management and general (functional)
- $26,658
Balance sheet and other
- Total assets, start of year
- $621,234
- Total assets, end of year
- $608,563
- Total liabilities, end of year
- $0
- Net assets, end of year
- $608,563
- Net assets without donor restrictions
- $608,563
- Gross receipts
- $52,396
- Employees
- 2
- Year formed
- 1969
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL BACA | 2024 CEO/PRE Officer | 6 | $17,655 |
| TERESA SCOTT | 2024 SECRETA Officer | 1 | $1,242 |
| BRAXTON SMITH | PRESIDENT Officer | – | $0 |
| ANDRES SISNEROS | CHAIRMAN OF Officer | – | $0 |
| FRANCISCO ROMERO | TREASURER Officer | – | $0 |
| MARK R SANCHEZ | SECRETARY Officer | – | $0 |
| JOHN METZLER | VC OF BOARD Officer | – | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL BACA | 2024 CEO/PRE Officer | 6 | $29,081 |
| TERESA SCOTT | 2024 SECRETA Officer | 1 | $1,989 |
| BRAXTON SMITH | PRESIDENT Officer | – | $0 |
| ANDRES SISNEROS | CHAIRMAN OF Officer | – | $0 |
| FRANCISCO ROMERO | TREASURER Officer | – | $0 |
| MARK R SANCHEZ | SECRETARY Officer | – | $0 |
| JOHN METZLER | VC OF BOARD Officer | – | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL BACA | CEO/PRESIDEN Trustee or director, Officer | 6 | $16,894 |
| TERESA SCOTT | SECRETARY Trustee or director, Officer | 1 | $2,883 |
Address and contacts
- Address (IRS master file)
- PO BOX 8, BELEN, NM 87002-0008
- Principal officer (990 for 2025)
- BRAXTON SMITH, 6738 AKADEMEIA LOOP NE, ALBUQUERQUE, NM 87111
- Signed the 990
- FRANCISCO ROMERO, TREASURER
- Phone
- (505) 242-2050
- Website
- WWW.V-I-A.ORG
- Return prepared by
- CTG TAX
Mission
VALLEY IMPROVEMENT ASSOCIATION, (VIA) IS A NON-PROFIT CORPORATION ESTABLISHED FOR THE BENEFIT OF MEMBERS, WHO BY DEFINITION ARE SUBJECT TO AN ANNUAL ASSESSMENT TO VIA. THE ORGANIZATION'S PURPOSE, IS TO ENCOURAGE THE DEVELOPMENT OF PROPERTY IN SOUTH EASTERN VALENCIA COUNTY THROUGH WELL PLANNED RESIDENTIAL, COMMERCIAL, RECREATIONAL AND INSTITUTIONAL DEVELOPMENTS.
Program accomplishments
- MEMBER SERVICES - IDENTIFICATION AND ADMINISTRATION OF ECONOMIC DEVELOPMENT EFFORTS AND NATURAL RESOURCE MANANGEMENT.Expenses $37,719 · grants $10 · revenue $14,128
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7048114
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $608,563
- Income (IRS master file)
- $52,396
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $52,396 | $64,377 | $608,563 | XML |
| 990 | December 2024 | $1,637,219 | $132,512 | $621,234 | XML |
| 990 | December 2023 | $92,662 | $96,308 | $641,542 | XML |
| 990 | December 2022 | -$34,636 | $123,319 | $646,308 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7048114).
Questions about VALLEY IMPROVEMENT ASSOCIATION INC
- What is the EIN of VALLEY IMPROVEMENT ASSOCIATION INC?
- The employer identification number (EIN) of VALLEY IMPROVEMENT ASSOCIATION INC is 23-7048114.
- Is VALLEY IMPROVEMENT ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1969.
- Are donations to VALLEY IMPROVEMENT ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VALLEY IMPROVEMENT ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALLEY IMPROVEMENT ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY IMPROVEMENT ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VALLEY IMPROVEMENT ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names BRAXTON SMITH.
- Who are the officers and directors of VALLEY IMPROVEMENT ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $17,655 (PAUL BACA, 2024 CEO/PRE).
- How much revenue does VALLEY IMPROVEMENT ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $52,396, expenses of $64,377 and total assets of $608,563 at year end.
Other nonprofits in BELEN
- BELEN RAILWAY EMPLOYEES CREDIT UNION EIN 85-0234701 · last filed 990 for 2025
- BELEN LODGE NO 1680 LOYAL ORDER OF MOOSE EIN 85-0212741 · last filed 990 for 2026
- VALENCIA FAIR MANAGEMENT CO INC EIN 85-0424433 · last filed 990 for 2025
- TIERRA GRANDE IMPROVEMENT ASSOCIATION INC EIN 85-0229393 · last filed 990 for 2025
- NMBRA EIN 84-3260411 · last filed 990 for 2025
- NEW MEXICO SCHOOL FOOD SERVICE ASSOC EIN 86-1015138 · last filed 990 for 2025
- GREATER BELEN CHAMBER OF COMMERCE EIN 85-0096567 · last filed 990-EZ for 2025
- THE COMMUNITY RESOURCE FUND EIN 81-3138628 · last filed 990-PF for 2025