Civic Intelligence

Valley Forge Convention and Visitors Bureau Ltd

990 • Fiscal year 2017 • EIN 23-2986440

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

Organization ProfileWWW.VALLEYFORGE.ORG

View Organization Page

1000 First Avenue No 101King Of Prussia, PA 19406

(610) 834-7970

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.14x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

17th percentile

0.07x

Higher debt load relative to revenue than 17% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Net Margin

78th percentile

15%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

67th percentile

$331,992

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Asset Growth

93rd percentile

42%

Faster asset growth than 93% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

50%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$3,646,406

Up $1,082,433 (+42%) from 2016

Net Assets

Up

$3,150,817

Up $1,021,697 (+48%) from 2016

Liabilities

Up

$495,589

Up $60,736 (+14%) from 2016

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin78th percentile

Revenue

Up

$7,003,764

Up $2,325,809 (+50%) from 2016

Expenses

Up

$5,982,072

Up $1,125,155 (+23%) from 2016

Net Income

Up

$1,021,692

Up $1,200,654 (+671%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $1,785,549Liabilities 2011: $482,704Net Assets 2011: $1,302,8452011Assets 2012: $2,086,653Liabilities 2012: $487,729Net Assets 2012: $1,598,9242012Assets 2013: $2,555,903Liabilities 2013: $536,438Net Assets 2013: $2,019,4652013Assets 2014: $3,093,121Liabilities 2014: $618,587Net Assets 2014: $2,474,5342014Assets 2015: $2,647,363Liabilities 2015: $339,281Net Assets 2015: $2,308,0822015Assets 2016: $2,563,973Liabilities 2016: $434,853Net Assets 2016: $2,129,1202016Assets 2017: $3,646,406Liabilities 2017: $495,589Net Assets 2017: $3,150,8172017Assets 2018: $5,051,018Liabilities 2018: $707,870Net Assets 2018: $4,343,1482018Assets 2019: $5,186,531Liabilities 2019: $600,823Net Assets 2019: $4,585,7082019Assets 2020: $4,752,483Liabilities 2020: $1,015,779Net Assets 2020: $3,736,7042020Assets 2021: $5,553,675Liabilities 2021: $755,807Net Assets 2021: $4,797,8682021Assets 2022: $5,927,993Liabilities 2022: $1,116,351Net Assets 2022: $4,811,6422022Assets 2023: $7,576,179Liabilities 2023: $2,355,335Net Assets 2023: $5,220,8442023Assets 2024: $8,577,025Liabilities 2024: $2,136,275Net Assets 2024: $6,440,7502024

Highlighted filing

2017

Assets$3,646,406
Liabilities$495,589
Net Assets$3,150,817
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,285,1442011Revenue 2012: $3,697,284Expenses 2012: $3,401,205Net Income 2012: $296,0792012Expenses 2013: $3,636,4072013Revenue 2014: $4,112,632Expenses 2014: $3,657,758Net Income 2014: $454,8742014Revenue 2015: $4,225,802Expenses 2015: $4,392,254Net Income 2015: -$166,4522015Revenue 2016: $4,677,955Expenses 2016: $4,856,917Net Income 2016: -$178,9622016Revenue 2017: $7,003,764Expenses 2017: $5,982,072Net Income 2017: $1,021,6922017Revenue 2018: $9,450,848Expenses 2018: $8,872,633Net Income 2018: $578,2152018Revenue 2019: $9,595,020Expenses 2019: $9,376,734Net Income 2019: $218,2862019Revenue 2020: $4,339,456Expenses 2020: $5,187,053Net Income 2020: -$847,5972020Revenue 2021: $9,336,877Expenses 2021: $8,260,545Net Income 2021: $1,076,3322021Revenue 2022: $8,752,305Expenses 2022: $8,729,594Net Income 2022: $22,7112022Revenue 2023: $10,231,925Expenses 2023: $9,854,870Net Income 2023: $377,0552023Revenue 2024: $11,575,692Expenses 2024: $10,362,950Net Income 2024: $1,212,7422024

Highlighted filing

2017

Revenue$7,003,764
Expenses$5,982,072
Net Income$1,021,692
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$7,035,380
Mission and Program Overview

Mission

SEE PAGE 1. LINE 1.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$928,548$1,766,197▲ $837,649
Savings and Temporary Cash Investments$684,829$787,062▲ $102,233
Land, Buildings, and Equipment, Net$73,182$427,688▲ $354,506
Prepaid Expenses and Deferred Charges$166,214$321,687▲ $155,473
Cash and Non-Interest-Bearing Accounts$644,797$317,834▼ $326,963
Intangible Assets$66,403$25,938▼ $40,465
Total Assets$2,563,973$3,646,406▲ $1,082,433
Liabilities
Accounts Payable and Accrued Expenses$350,017$406,180▲ $56,163
Other Liabilities$79,801$84,409▲ $4,608
Deferred Revenue$5,035$5,000▼ $35
Total Liabilities$434,853$495,589▲ $60,736
Net Assets / Fund Balance
Unrestricted Net Assets$2,129,120$3,150,817▲ $1,021,697
Total Net Assets Fund Balance$2,129,120$3,150,817▲ $1,021,697
Total Liabilities and Net Assets / Fund Balance$2,563,973$3,646,406▲ $1,082,433

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$324,824$124,342$449,166
Buildings$102,864$9,297$112,161
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael BowmanPresident/CEOFT$225,085$106,907$331,992
Lisa KarlVice President of SalesFT$141,396-$141,396
Ed HarrisChief Marketing OfficerFT$115,193$12,573$127,766
Marc KaminetskyDirector of Convention SalesFT$105,883-$105,883

Board Members and Trustees

NameTitle
Richard OdorisioDirector - Chairman
Tim BriggsDirector - Vice Chairman
Christopher MolineauxDirector
Dulcie FlahartyDirector
Elizabeth MoyDirector
Jen GaleDirector
Kristofer FairDirector
Wendy KlinghofferDirector
Steve SimsDirector - Ex-officio
Robert C HartDirector - Secretary
James GrattonDirector - Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,218
Program Service Revenue
$6,945,215
Investment Income
$4,283
Other Revenue
$48
Change in Net Assets
$1,021,692

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,003,764
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,003,764
Total Revenue per Form 990
$7,003,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,556,209
Salaries, Compensation, and Employee Benefits$2,330,007
Grants and Similar Amounts Paid$95,856
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$2,387,369$421,300-$2,808,669
Other Salaries and Wages$972,009$277,624-$1,249,633
Current Officers, Directors, Trustees, and Key Employees$707,037--$707,037
Occupancy$251,600$44,400-$296,000
Other Employee Benefits$134,304$38,360-$172,664
Payroll Taxes$130,333$23,000-$153,333
Information Technology$86,964$15,347-$102,311
Grants to Domestic Orgs$95,856--$95,856
Depreciation Depletion$74,884$13,215-$88,099
Fees for Services Accounting$53,343$9,413-$62,756
Office Expenses$44,816$7,909-$52,725
Pension Plan Contributions$36,823$10,517-$47,340
All Other Expenses$27,036$4,771-$31,807
Insurance$19,291$3,404-$22,695
Travel$11,724$2,069-$13,793
Other Expenses$10,317$1,821-$12,138
Fees for Services Legal$7,653$1,350-$9,003
Total Functional Expenses$5,099,140$882,932$0$5,982,072

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,982,072
Total Expenses per Audited Statements$5,982,072
Total Expenses per Form 990$5,982,072
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Friends of Valley Forge ParkKing of Prussia, PA501 C(3)Philanthropic$54,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$31,616
Fundraising Gross Income$31,616
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Revolutionary Run$85,834$31,616$31,616$0
Total Events$85,834$31,616$31,616$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$84,409
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The president/ceo will review with the board at a board of directors meeting prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by discussing it at board meetings annually.”

Form 990, Part VI, Section B, Line 15

“Compensation of the organization's officers or key employees is determined by the executive committee based on comparability data.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Valley Forge Tourism and Convention
EIN
23-2986440
Phone
6108347970
Address
1000 FIRST AVENUE NO 101, KING OF PRUSSIA, PA 19406

Signing Officer

Name
Michael Bowman
Title
President/CEO
Phone
6108347970
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Bowman
Formed
1999
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
10
Employees
40
Volunteers
20

Preparer

Firm
Kreischer Miller
Address
100 WITMER ROAD SUITE 350, HORSHAM, PA 19044-2369
Preparer
Christopher M Pekula
Phone
2154414600
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

“To strengthen ecomonic prosperity within montgomery county, pennsylvania, by raising its visibility as a tourism destination for leisure and convention markets. The people of the valley forge tourism and covention board work each day to inspire visitors to discover and explore our natural, cultural and historic assets. Ultimately increasing room nights for our world-class hotels and driving revenue in our member and partner businesses.”

FORM 990, PART XI, LINE 9:

“ROUNDING ADJUSTMENT 5.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The board files federal form 990 and has not filed a form 990t. With few exceptions, the board is no longer subject to u.s. Federal or state and local income tax examinations by tax authorities for years before 2013. It is difficult to predict the final timing and resolution of any particular uncertain tax position. The board does not currently anticipate significant changes in its uncertain tax positions over the next 12 months.”

Raw XML AppendixShowing 400 of 538 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR - CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR - VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR - SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR - TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR - EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT OF SALES
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF MARKETING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF CONVENTION SALES
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt054218
IRS990/FundraisingDirectExpensesAmt031616
IRS990/FundraisingGrossIncomeAmt031616
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt095856
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt095856
IRS990/GrantsToDomesticOrgsGrp/TotalAmt095856
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07035380
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt015347
IRS990/InformationTechnologyGrp/ProgramServicesAmt086964
IRS990/InformationTechnologyGrp/TotalAmt0102311
IRS990/InsuranceGrp/ManagementAndGeneralAmt03404
IRS990/InsuranceGrp/ProgramServicesAmt019291
IRS990/InsuranceGrp/TotalAmt022695
IRS990/IntangibleAssetsGrp/BOYAmt066403
IRS990/IntangibleAssetsGrp/EOYAmt025938
IRS990/InvestmentIncomeGrp/ExclusionAmt04283
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04283
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0133639
IRS990/LandBldgEquipBasisNetGrp/BOYAmt073182
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0427688
IRS990/LandBldgEquipCostOrOtherBssAmt0561327
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE PAGE 1. LINE 1.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02129120
IRS990/NetAssetsOrFundBalancesEOYAmt03150817
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt044400
IRS990/OccupancyGrp/ProgramServicesAmt0251600
IRS990/OccupancyGrp/TotalAmt0296000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07909
IRS990/OfficeExpensesGrp/ProgramServicesAmt044816
IRS990/OfficeExpensesGrp/TotalAmt052725
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt05
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt038360
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0134304
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0172664
IRS990/OtherExpensesGrp/Desc0EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/Desc1SERVICE CONTRACTS
IRS990/OtherExpensesGrp/Desc2AUTO EXPENSE
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03306
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12653
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22473
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31821
IRS990/OtherExpensesGrp/ProgramServicesAmt018735
IRS990/OtherExpensesGrp/ProgramServicesAmt115034
IRS990/OtherExpensesGrp/ProgramServicesAmt214012
IRS990/OtherExpensesGrp/ProgramServicesAmt310317
IRS990/OtherExpensesGrp/TotalAmt022041
IRS990/OtherExpensesGrp/TotalAmt117687
IRS990/OtherExpensesGrp/TotalAmt216485
IRS990/OtherExpensesGrp/TotalAmt312138
IRS990/OtherLiabilitiesGrp/BOYAmt079801
IRS990/OtherLiabilitiesGrp/EOYAmt084409
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt048
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt048
IRS990/OtherRevenueTotalAmt048
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0277624
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0972009
IRS990/OtherSalariesAndWagesGrp/TotalAmt01249633
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023000
IRS990/PayrollTaxesGrp/ProgramServicesAmt0130333
IRS990/PayrollTaxesGrp/TotalAmt0153333
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010517
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt036823
IRS990/PensionPlanContributionsGrp/TotalAmt047340
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0166214
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0321687
IRS990/PrincipalOfficerNm0MICHAEL BOWMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MONTGOMERY COUNTY ROOM
IRS990/ProgramServiceRevenueGrp/Desc1CO-OP PROJECTS
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06592241
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1180133
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2172841
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06592241
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1180133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2172841
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt054524
IRS990/PYGrantsAndSimilarPaidAmt072671
IRS990/PYInvestmentIncomeAmt02314
IRS990/PYOtherExpensesAmt02605033
IRS990/PYOtherRevenueAmt0212
IRS990/PYProgramServiceRevenueAmt04620905
IRS990/PYRevenuesLessExpensesAmt0-178962
IRS990/PYSalariesCompEmpBnftPaidAmt02179213
IRS990/PYTotalExpensesAmt04856917
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04677955
IRS990/ReconcilationRevenueExpnssAmt01021692
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06945263
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0684829
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0787062
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0102864
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09297
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0112161
IRS990ScheduleD/EquipmentGrp/BookValueAmt0324824
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0124342
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0449166
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05982072
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt084409
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07003764
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BOARD FILES FEDERAL FORM 990 AND HAS NOT FILED A FORM 990T. WITH FEW EXCEPTIONS, THE BOARD IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2013. IT IS DIFFICULT TO PREDICT THE FINAL TIMING AND RESOLUTION OF ANY PARTICULAR UNCERTAIN TAX POSITION. THE BOARD DOES NOT CURRENTLY ANTICIPATE SIGNIFICANT CHANGES IN ITS UNCERTAIN TAX POSITIONS OVER THE NEXT 12 MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0427688
IRS990ScheduleD/TotalExpensesPerForm990Amt05982072
IRS990ScheduleD/TotalLiabilityAmt084409
IRS990ScheduleD/TotalRevenuePerForm990Amt07003764
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07003764
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05982072
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt054218
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt054218
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt031616
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0REVOLUTIONARY RUN
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt085834
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt085834
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031616
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt031616
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt031616
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt031616
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt054000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 C(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PHILANTHROPIC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FRIENDS OF VALLEY FORGE PARK
IRS990ScheduleI/RecipientTable/RecipientEIN0232036005
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01400 NORTH OUTER LINE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0KING OF PRUSSIA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019406
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS AND THE SELECTION CRITERIA USED TO AWARD THE GRANTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0225085
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount080000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026907

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,646,406
Liabilities
$495,589
Net assets
$3,150,817
Revenue
$7,003,764
Expenses
$5,982,072
Net income
$1,021,692
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.58$2.14$6.44$11.6$10.4$1.21
2023Detailed filing. Detailed filing data is available for this year.$7.58$2.36$5.22$10.2$9.85$0.38
2022Detailed filing. Detailed filing data is available for this year.$5.93$1.12$4.81$8.75$8.73$0.02
2021Detailed filing. Detailed filing data is available for this year.$5.55$0.76$4.80$9.34$8.26$1.08
2020Detailed filing. Detailed filing data is available for this year.$4.75$1.02$3.74$4.34$5.19$0.85
2019Detailed filing. Detailed filing data is available for this year.$5.19$0.60$4.59$9.60$9.38$0.22
2018Detailed filing. Detailed filing data is available for this year.$5.05$0.71$4.34$9.45$8.87$0.58
2017Detailed filing. Detailed filing data is available for this year.$3.65$0.50$3.15$7.00$5.98$1.02
2016Detailed filing. Detailed filing data is available for this year.$2.56$0.43$2.13$4.68$4.86$0.18
2015Detailed filing. Detailed filing data is available for this year.$2.65$0.34$2.31$4.23$4.39$0.17
2014Detailed filing. Detailed filing data is available for this year.$3.09$0.62$2.47$4.11$3.66$0.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.54$2.02$3.64
2012Summary only. Only limited summary data is available for this year.$2.09$0.49$1.60$3.70$3.40$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.48$1.30$3.29