Nonprofit · EIN 85-4166168
VALLEY WEALTH ALLIANCE
Tax-exempt · ALLENTOWN, PA 18103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $143,521 | $115,702 | $27,819 | $28,235 | – | $28,235 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $72,852
- Program service revenue
- $69,674
- Investment income
- $0
- Net income from fundraising events
- $995
Expenses
- Grants and similar amounts paid
- $30,897
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $75,388
- Professional fees and payments to contractors
- $352
- Occupancy
- $7,850
- Printing, publications and postage
- $1,215
- Program services (functional)
- $128,092
Balance sheet and other
- Total assets, start of year
- $416
- Total assets, end of year
- $28,235
- Total liabilities, end of year
- –
- Net assets, end of year
- $28,235
- Cash, savings and investments
- $28,235
- Gross receipts
- $145,346
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steve Redmond | President | 20 | $0 |
| Jasmine Salgado | Treasurer | 30 | $0 |
| Debbie Bethel | Secretary | 2 | $0 |
| Lonnie Parker | Trustee | 0.5 | $0 |
| Marvin Wideman | Trustee | 0.5 | $0 |
| Rashad Ibrahim | Trustee | 2 | $0 |
| Dara Gonzalez | Trustee | 10 | $0 |
| Zanetta Worthy | Trustee | 10 | $0 |
| SarahKnutelsky | Trustee | 10 | $0 |
| Intuit | Administrative | 15 | $0 |
| Robert Half | Administrative | 15 | $0 |
| Allied Personnel Service | Instructor | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 2615 MOUNTAIN LN, ALLENTOWN, PA 18103-7351
- In care of
- % STEVE REDMOND
- Mailing address (990-N for 2024)
- 2615 MOUNTAIN LN, ALLENTOWN PA 18103
- Principal officer (990-N for 2024)
- Steve Redmond, 2615 MOUNTAIN LN, ALLENTOWN PA 18103
- Signed the 990-EZ
- Steve Redmond, Executive Director
- Website
- www.valleywealthalliance.org
Mission
Valley Wealth Alliance is a 501c3 nonprofit organization committed to promoting financial literacy economic empowerment and career readiness. The organization provides educational programs workshops and resources designed to equip youth and adults with essential financial knowledge and skills necessary for financial independence and long-term economic success. Through these programs Valley Wealth Alliance serves individuals and families particularly those in underserved communities by empowering them with financial tools and education to achieve economic stability and success. Our mission is to create a financially literate community where individuals can make informed financial decisions build generational wealth and contribute positively to the economy.
Program accomplishments
- Youth Financial Literacy Programs K-12 Valley Wealth Alliance provided comprehensive financial education to students across elementary middle and high school levels equipping them with fundamental financial skills such as budgeting saving investing and responsible credit use. Through interactive workshops hands-on activities and real-world financial simulations students gained essential knowledge to make informed financial decisions. In 2023 the program served approximately 300 students across multiple schools and community organizations. The curriculum incorporated Pennsylvania Department of Education financial literacy standards ensuring age-appropriate engaging content that met educational benchmarks. The program was supported by community partnerships and in-kind donations which helped maximize outreach and impact.Expenses $57,147
- The College & Career Readiness Program provided high school students with guidance in financial planning career exploration and post-secondary education preparation. Students learned essential skills such as scholarship application strategies budgeting for college understanding student loans and career decision-making based on financial considerations. In 2023 over 200 high school students across three Allentown high schools-William Allen High School Dieruff High School and Building 21-participated in the program. Students engaged in workshops one-on-one counseling sessions and financial planning simulations to develop a clear roadmap for their future. This program was instrumental in preparing students for life after high school empowering them with knowledge to make informed financial and career choices.Expenses $44,647
- The credit establishment & wealth-building program was designed to support young adults ages 18+ in establishing and managing their credit responsibly with the long-term goal of building wealth and achieving financial stability. The program included workshops on credit fundamentals secured credit card funding assistance and six months of individual credit monitoring and coaching. In 2023 the program successfully assisted 8 young adults in establishing credit with a 100% success rate in credit score improvement. Participants received funding to open secured credit cards learned how to maintain low credit utilization and were guided on best practices to increase their credit scores over time. The programs success has reinforced the importance of early credit education and responsible financial management in young adults financial journeys.Expenses $26,298
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-4166168
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P51)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: Steve Redmond | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $143,521 | $115,702 | $28,235 | XML |
| 990-N for 2022 Officer: Steve Redmond | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-4166168).
Questions about VALLEY WEALTH ALLIANCE
- What is the EIN of VALLEY WEALTH ALLIANCE?
- The employer identification number (EIN) of VALLEY WEALTH ALLIANCE is 85-4166168.
- Is VALLEY WEALTH ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to VALLEY WEALTH ALLIANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY WEALTH ALLIANCE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of VALLEY WEALTH ALLIANCE 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 WEALTH ALLIANCE last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
- Who is the principal officer of VALLEY WEALTH ALLIANCE?
- The 990-N for 2024 names Steve Redmond.
- Who are the officers and directors of VALLEY WEALTH ALLIANCE?
- The 990-EZ for the year ended December 31, 2023 lists 12 people; 0 received compensation from the organization.
- How much revenue does VALLEY WEALTH ALLIANCE have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $143,521, expenses of $115,702 and total assets of $28,235 at year end.
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