Nonprofit · EIN 45-3120883
LEADER VALLEY FOUNDATION
Tax-exempt · CEDAR FALLS, IA 50613
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,083,946 | $745,438 | $338,508 | $874,179 | $185,996 | $688,183 |
| June 30, 2024 | 990 | $753,557 | $719,192 | $34,365 | $578,481 | $231,665 | $346,816 |
| June 30, 2023 | 990 | $609,521 | $566,908 | $42,613 | $690,367 | $377,916 | $312,451 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $972,501
- Program service revenue
- $88,775
- Investment income
- $22,670
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $20,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $36,155
- Accounting fees
- $43,639
- Occupancy
- $12,600
- Travel
- $3,252
- Depreciation
- $703
- Program services (functional)
- $348,675
- Management and general (functional)
- $360,608
- Fundraising (functional)
- $36,155
Balance sheet and other
- Total assets, start of year
- $578,481
- Total assets, end of year
- $874,179
- Total liabilities, end of year
- $185,996
- Net assets, end of year
- $688,183
- Land, buildings and equipment
- $351
- Gross receipts
- $1,083,946
- Employees
- 0
- Volunteers
- 50
- Year formed
- 2011
- State of legal domicile
- IA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MELISSA READE | PRESIDENT/CE Officer | 0.5 | $0 | $126,860 | $22,154 |
| SHANLEE MCNALLY | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ERIN EARNEST | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GRETCHEN OGDEN | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| BRADEN YAUK | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KATIE HILLYER | PAST CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| RACHEL BREUER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ASHLEY BUCK | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| PRECIOUS CLARK | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CAROLINA CORONADO-PARK | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KIM CROSS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LIZ DEJOODE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BEAUTY FITTS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| TORIE GREENWOOD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSH HALVORSON | AT-LARGE Trustee or director | 0.5 | $0 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AARON JARNAGIN | AT-LARGE Trustee or director | 0.5 | $0 |
| SHERITA JENKINS | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHELE KNAACK | DIRECTOR Trustee or director | 0.5 | $0 |
| EMILY KNUTSON | DIRECTOR Trustee or director | 0.5 | $0 |
| JEREMY LANGNER | DIRECTOR Trustee or director | 0.5 | $0 |
| DANNY LAUDICK | DIRECTOR Trustee or director | 0.5 | $0 |
| JANE MESSINGHAM | DIRECTOR Trustee or director | 0.5 | $0 |
| JILL MURRAY | DIRECTOR Trustee or director | 0.5 | $0 |
| VICKI PARSONS | DIRECTOR Trustee or director | 0.5 | $0 |
| MADELYN RIDGEWAY | DIRECTOR Trustee or director | 0.5 | $0 |
| SELVEDINA SAMARDZIC | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMEIKA SANDERS | DIRECTOR Trustee or director | 0.5 | $0 |
| KELSEY SCHROEDER | DIRECTOR Trustee or director | 0.5 | $0 |
| ABBY TURPIN | DIRECTOR Trustee or director | 0.5 | $0 |
| RYAN VANMAANEN | DIRECTOR Trustee or director | 0.5 | $0 |
| JUAN VILLA | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROLYN DARRAH | FORMER PRESI Former | 0.5 | $0 | $207,003 | $22,795 |
| MELISSA READE | PRESIDENT/CE Officer | 0.5 | $0 | $121,477 | $21,942 |
| KATIE HILLYER | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JAMEKIA SANDERS | VICE CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
| BRYAN EARNEST | PAST CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GRETCHEN OGDEN | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KENDRA RICHMAN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GINA WEEKLEY | AT-LARGE Trustee or director | 0.5 | $0 | $0 | $0 |
| AARON JARNAGIN | AT-LARGE Trustee or director | 0.5 | $0 | $0 | $0 |
| RACHEL BREUER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KELSEY BURKE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KIM CROSS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LIZ DEJOODE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STEPHANIE DETWEILER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| EMILY KNUTSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SHANLEE MCNALLY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SELVEDINA NUHANOVIC | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JAY SCHMITZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| NIA WILDER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CAROLINA CORONADO-PARK | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JUAN VILLA | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSH HALVORSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DANNY LAUDICK | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROLYN DARRAH | PRESIDENT/CE Officer | 0.5 | $0 | $187,098 | $12,346 |
| MELISSA READE | LEADER VALLE Officer | 40 | $0 | $116,682 | $12,718 |
| KATIE HILLYER | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| BRYAN EARNEST | PAST CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GRETCHEN OGDEN | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KENDRA RICHMAN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GINA WEEKLEY | AT-LARGE Trustee or director | 0.5 | $0 | $0 | $0 |
| AARON JARNAGIN | AT-LARGE Trustee or director | 0.5 | $0 | $0 | $0 |
| RACHEL BREUER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KELSEY BURKE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KIM CROSS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LIZ DEJOODE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STEPHANIE DETWEILER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ROB GREEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| EMILY KNUTSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SHANLEE MCNALLY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| TOM NOVOTNY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SELVEDINA NUHANOVIC | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DR ANDY PATTEE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JAMEKIA SANDERS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JAY SCHMITZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DR JARED SMITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| NIA WILDER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT WRIGHT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CAROLINA CORONADO | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6711 CHANCELLOR DR UNIT 2, CEDAR FALLS, IA 50613-7066
- In care of
- % STEVEN DUST
- Principal officer (990 for 2024)
- SHANLEE MCNALLY
- Signed the 990
- SHANLEE MCNALLY, CHAIR
- Phone
- (319) 232-1156
- Website
- WWW.LEADERVALLEY.ORG
- Return prepared by
- HOGAN - HANSEN PC
Mission
TO LEAD A BUSINESS-EDUCATION PARTNERSHIP TO DEVELOP THE LEADERSHIP SKILLS OF CEDAR VALLEY STUDENTS.
Program accomplishments
- THE LEADER VALLEY PROGRAM HELPS FUND AREA SCHOOLS IN HAVING PROGRAMS WHICH ARE INTENDED TO REDUCE DROPOUTS FROM SCHOOL AS WELL AS GAIN SKILLS NECESSARY TO BE SUCCESSFUL IN SCHOOL AND IN LIFE.Expenses $348,675 · grants $20,000 · revenue $88,775
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3120883
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $874,179
- Income (IRS master file)
- $1,083,946
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,083,946 | $745,438 | $874,179 | XML |
| 990 | June 2024 | $753,557 | $719,192 | $578,481 | IRS |
| 990 | June 2023 | $609,521 | $566,908 | $690,367 | XML |
| 990 | June 2022 | $675,759 | $429,663 | $835,810 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 45-3120883).
Questions about LEADER VALLEY FOUNDATION
- What is the EIN of LEADER VALLEY FOUNDATION?
- The employer identification number (EIN) of LEADER VALLEY FOUNDATION is 45-3120883.
- Is LEADER VALLEY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to LEADER VALLEY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEADER VALLEY FOUNDATION 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 LEADER VALLEY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEADER VALLEY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LEADER VALLEY FOUNDATION?
- The 990 for the year ended June 30, 2025 names SHANLEE MCNALLY.
- Who are the officers and directors of LEADER VALLEY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 31 people; 0 received compensation from the organization.
- How much revenue does LEADER VALLEY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,083,946, expenses of $745,438 and total assets of $874,179 at year end.
Other nonprofits in CEDAR FALLS
- COMMUNITY MAIN STREET INC EIN 42-1303027 · last filed 990 for 2025
- NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS CALIFORNIA EIN 94-1120047 · last filed 990 for 2025
- NAIFA-NEW YORK INC EIN 85-3681005 · last filed 990 for 2025
- STURGIS FALLS CELEBRATION INC EIN 42-1256854 · last filed 990 for 2023
- CEDAR FALLS ECONOMIC DEVELOPMENT CORPORATION EIN 87-1319434 · last filed 990-EZ for 2024
- NAIFA ARKANSAS EIN 71-6052266 · last filed 990-EZ for 2025
- CEDAR VALLEY HAITIAN FUND EIN 84-1832553 · last filed 990-PF for 2025
- SCATTERED SEEDS EIN 87-3164253 · last filed 990-N for 2025
All nonprofits in CEDAR FALLS · Iowa · Community improvement and capacity building