Nonprofit · EIN 84-1637102
VALLEY COMMUNITY FOUNDATION INC
Tax-exempt · NEW HAVEN, CT 06510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,332,289 | $2,984,632 | $347,657 | $39,623,680 | $14,848,191 | $24,775,489 |
| December 31, 2023 | 990 | $3,208,687 | $3,102,056 | $106,631 | $36,340,178 | $13,290,320 | $23,049,858 |
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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM GINSBERG | DIRECTOR (LEFT 12/2024) Trustee or director | 1 | $0 | $557,085 | $79,563 |
| WENDY GAMBA | CHIEF FINANCIAL OFFICER (LEFT 1/24) Officer | 1 | $0 | $229,925 | $38,955 |
| SHARON CLOSIUS | PRESIDENT & CEO Officer | 40 | $185,893 | $0 | $28,864 |
| MARCIE MONACO | CHIEF FINANCIAL OFFICER Officer | 10 | $0 | $149,142 | $13,091 |
| KAREN DUBOIS-WALTON | DIRECTOR (LEFT 11/2024) Trustee or director | 1 | $0 | $54,543 | $5,975 |
| NANCY VALENTINE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALETA MINER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TAMMY BURRELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PATRICIA TARASOVIC | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK D GOUMAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER GRIZZLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TERRY JONES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JACK WALSH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NED MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GREG STAMOS | DIRECTOR (LEFT 12/2024) Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVON MCLEAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANGELA POWERS | DIRECTOR Trustee or director | 1 | $0 | $344,065 | $43,579 |
| WENDY GAMBA | CHIEF FINANCIAL OFFICER Officer | 10 | $0 | $221,545 | $33,864 |
| SHARON CLOSIUS | PRESIDENT & CEO Officer | 40 | $210,119 | $0 | $3,250 |
| NANCY VALENTINE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALETA MINER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RAY OPPEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PATRICIA TARASOVIC | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK D GOUMAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TAMMY BURELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER GRIZZLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TERRY JONES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JACK WALSH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FRED ORTOLI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NED MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARIANNE SMYTHE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GREG STAMOS | DIRECTOR Trustee or director | 1 | $0 | $0 | $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
- Website
- WWW.VALLEYFOUNDATION.ORG
- 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.
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 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
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $39,623,680
- Income (IRS master file)
- $19,734,660
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,332,289 | $2,984,632 | $39,623,680 | IRS |
| 990 | December 2023 | $3,208,687 | $3,102,056 | $36,340,178 | XML |
| 990 | December 2022 | $5,116,843 | $3,475,197 | $31,974,412 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 84-1637102).
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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