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Nonprofit · EIN 84-1637102

VALLEY COMMUNITY FOUNDATION INC

Tax-exempt · NEW HAVEN, CT 06510

Financials

$3.3M$3M2024
Revenue Expenses · by fiscal year end
Financials of VALLEY COMMUNITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,332,289$2,984,632$347,657$39,623,680$14,848,191$24,775,489
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,044,172
Program service revenue
$0
Investment income
$1,288,117
Net gain from sales of assets
$1,042,207
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,827,649
Compensation of officers, directors and key employees
$208,257
Other salaries and wages
$306,228
Salaries, compensation and benefits (total)
$655,699
Professional fundraising fees
$0
Legal fees
$625
Accounting fees
$15,000
Occupancy
$43,080
Travel
$35
Depreciation
$8,949
Program services (functional)
$2,584,001
Management and general (functional)
$178,842
Fundraising (functional)
$221,789

Balance sheet and other

Total assets, start of year
$36,340,178
Total assets, end of year
$39,623,680
Total liabilities, end of year
$14,848,191
Net assets, end of year
$24,775,489
Land, buildings and equipment
$14,143
Publicly traded securities
$6,986,843
Net assets without donor restrictions
$24,775,489
Gross receipts
$19,734,660
Employees
5
Volunteers
15
Year formed
2004
State of legal domicile
CT

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, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
WILLIAM GINSBERGDIRECTOR (LEFT 12/2024)
Trustee or director
1$0$557,085$79,563
WENDY GAMBACHIEF FINANCIAL OFFICER (LEFT 1/24)
Officer
1$0$229,925$38,955
SHARON CLOSIUSPRESIDENT & CEO
Officer
40$185,893$0$28,864
MARCIE MONACOCHIEF FINANCIAL OFFICER
Officer
10$0$149,142$13,091
KAREN DUBOIS-WALTONDIRECTOR (LEFT 11/2024)
Trustee or director
1$0$54,543$5,975
NANCY VALENTINEBOARD CHAIR
Trustee or director, Officer
1$0$0$0
ALETA MINERVICE-CHAIR
Trustee or director, Officer
1$0$0$0
TAMMY BURRELLTREASURER
Trustee or director, Officer
1$0$0$0
PATRICIA TARASOVICSECRETARY
Trustee or director, Officer
1$0$0$0
MARK D GOUMASDIRECTOR
Trustee or director
1$0$0$0
CHRISTOPHER GRIZZLEDIRECTOR
Trustee or director
1$0$0$0
TERRY JONESDIRECTOR
Trustee or director
1$0$0$0
JACK WALSHDIRECTOR
Trustee or director
1$0$0$0
NED MILLERDIRECTOR
Trustee or director
1$0$0$0
GREG STAMOSDIRECTOR (LEFT 12/2024)
Trustee or director
1$0$0$0
1 more people on this return
NameTitleHours / weekCompensation
BEVON MCLEANDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
70 AUDUBON ST 5TH FLOOR, NEW HAVEN, CT 06510-1248
Principal officer (990 for 2024)
SHARON L CLOSIUS, 253-A ELIZABETH STREET, DERBY, CT 06418
Signed the 990
SHARON L CLOSIUS, PRESIDENT & CEO
Phone
(203) 777-2386
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

TO INSPIRE PHILANTHROPIC GROWTH, PROVIDE AND FOSTER LEADERSHIP, ENGAGE DONORS, AND STRENGTHEN THE VALLEY COMMUNITY BOTH NOW AND FOR FUTURE GENERATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • CIVIC VITALITY: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE CIVIC VITALITY.
    Expenses $432,297 · grants $312,906
  • HEALTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT ENSURE HEALTH AND WELLNESS.
    Expenses $806,503 · grants $567,757
  • EDUCATION: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROVIDE QUALITY EDUCATION.
    Expenses $494,681 · grants $348,242
  • ARTS AND CULTURE: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE ARTS AND CULTURE.
    Expenses $132,583 · grants $93,335
  • BASIC NEEDS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE BASIC HUMAN NEEDS.
    Expenses $243,383 · grants $171,335
  • ECONOMIC SUCCESS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE REGIONAL ECONOMIC SUCCESS.
    Expenses $205,525 · grants $144,685
  • YOUTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE HEALTHY YOUTH DEVELOPMENT.
    Expenses $192,132 · grants $135,256
  • ENVIRONMENT: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE PROTECTION OF THE ENVIRONMENT.
    Expenses $76,897 · grants $54,133

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
84-1637102
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
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$39,623,680
Income (IRS master file)
$19,734,660

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$3,208,687$3,102,056$36,340,178IRS
990December 2022$5,116,843$3,475,197$31,974,412IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about VALLEY COMMUNITY FOUNDATION INC

What is the EIN of VALLEY COMMUNITY FOUNDATION INC?
The employer identification number (EIN) of VALLEY COMMUNITY FOUNDATION INC is 84-1637102.
Is VALLEY COMMUNITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to VALLEY COMMUNITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VALLEY COMMUNITY FOUNDATION 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 COMMUNITY FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VALLEY COMMUNITY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of VALLEY COMMUNITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names SHARON L CLOSIUS.
Who are the officers and directors of VALLEY COMMUNITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization.
How much revenue does VALLEY COMMUNITY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,332,289, expenses of $2,984,632 and total assets of $39,623,680 at year end.

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