Civic Intelligence

Red River Valley Association Inc DBA Red River Valley Fighter Pilots

990 • Fiscal year 2015 • EIN 23-7033827

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 04, 2016

PO Box 1553Front Royal, VA 22630-0033

(866) 401-7287

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

28th percentile

0.00x

Higher debt load relative to revenue than 28% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

26th percentile

-6.1%

Higher net margin than 26% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

69th percentile

$56,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

18th percentile

-8.9%

Faster asset growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

37th percentile

-2.1%

Faster revenue growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$987,782

Down $96,979 (-8.9%) from 2014

Net Assets

Down

$987,239

Down $97,522 (-9.0%) from 2014

Liabilities

Up

$543

Up $543 from 2014

Revenue

Down

$264,033

Down $5,532 (-2.1%) from 2014

Expenses

Up

$280,111

Up $41,340 (+17%) from 2014

Net Income

Down

-$16,078

Down $46,872 (-152%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $952,856Liabilities 2010: $4,086Net Assets 2010: $948,7702010Assets 2014: $1,084,761Liabilities 2014: $0Net Assets 2014: $1,084,7612014Assets 2015: $987,782Liabilities 2015: $543Net Assets 2015: $987,2392015Assets 2016: $1,027,098Liabilities 2016: $595Net Assets 2016: $1,026,5032016Assets 2017: $1,119,052Liabilities 2017: $4,639Net Assets 2017: $1,114,4132017Assets 2018: $1,076,700Liabilities 2018: $35,832Net Assets 2018: $1,040,8682018Assets 2019: $1,211,546Liabilities 2019: $8,280Net Assets 2019: $1,203,2662019Assets 2020: $1,279,161Liabilities 2020: $9,914Net Assets 2020: $1,269,2472020Assets 2021: $1,723,907Liabilities 2021: $2,053Net Assets 2021: $1,721,8542021Assets 2022: $1,532,805Liabilities 2022: $8,131Net Assets 2022: $1,524,6742022Assets 2023: $1,497,978Liabilities 2023: $2,656Net Assets 2023: $1,495,3222023Assets 2024: $1,763,700Liabilities 2024: $1,231Net Assets 2024: $1,762,4692024

Highlighted filing

2015

Assets$987,782
Liabilities$543
Net Assets$987,239

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $237,6452010Revenue 2014: $269,565Expenses 2014: $238,771Net Income 2014: $30,7942014Revenue 2015: $264,033Expenses 2015: $280,111Net Income 2015: -$16,0782015Revenue 2016: $217,156Expenses 2016: $218,540Net Income 2016: -$1,3842016Revenue 2017: $236,585Expenses 2017: $198,289Net Income 2017: $38,2962017Revenue 2018: $255,356Expenses 2018: $199,372Net Income 2018: $55,9842018Revenue 2019: $283,962Expenses 2019: $223,261Net Income 2019: $60,7012019Revenue 2020: $287,008Expenses 2020: $253,495Net Income 2020: $33,5132020Revenue 2021: $751,263Expenses 2021: $407,318Net Income 2021: $343,9452021Revenue 2022: $519,711Expenses 2022: $562,790Net Income 2022: -$43,0792022Revenue 2023: $457,306Expenses 2023: $486,658Net Income 2023: -$29,3522023Revenue 2024: $659,975Expenses 2024: $392,828Net Income 2024: $267,1472024

Highlighted filing

2015

Revenue$264,033
Expenses$280,111
Net Income-$16,078
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 4, 2016
Return Version
2015v2.1
Gross Receipts
$720,278
Mission and Program Overview

Mission

Provide College Scholarships and Scholarship Assistance

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,084,761$987,239▼ $97,522
Cash and Non-Interest-Bearing Accounts$72,931$91,304▲ $18,373
Pledges and Grants Receivable$3,792$1,841▼ $1,951
Total Assets$1,084,761$987,782▼ $96,979
Other Assets Total$1,008,038$894,637▼ $113,401
Liabilities
Accounts Payable and Accrued Expenses-$543-
Total Liabilities$0$543▲ $543
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,084,761$987,239▼ $97,522
Total Liabilities and Net Assets / Fund Balance$1,084,761$987,782▼ $96,979

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,836--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John HopeExec DirectorFT$56,000$56,000

Board Members and Trustees

NameTitle
Chris KreskeChairman - Recruiting and Retention
Tod AlmandChairman-Communications
James PaulsenPresident
Wyatt StedmanVice President
John SotoDirector - Scholarship Program
Teek DorsettEx-Officio
Ronald LambGen Counsel
Jim PrestonGen Secty
Victor KnillHistorian
Greg CravenSecretary - USAF Affairs
Mike SlonikerSecretary - USArmy Affairs
Erik MoosSecretary - USMC Affairs
Thomas ClarkSecretary - USN Affairs
Ben PhillipsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$217,108
Program Service Revenue
$0
Investment Income
$46,925
Other Revenue
$0
All Other Contributions
$187,276
Change in Net Assets
$-16,078

Audited Revenue Reconciliation

Revenue per Audited Statements
$217,108
Revenue Not Reported on Financial Statements
$46,925
Other Revenue Adjustments
$46,925
Total Revenue per Audited Statements
$217,108
Total Revenue per Form 990
$264,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$131,132
Other Expenses$76,843
Salaries, Compensation, and Employee Benefits$72,136
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$131,132--$131,132
Current Officers, Directors, Trustees, and Key Employees$52,640$3,360$0$56,000
Other Salaries and Wages$11,010$0$0$11,010
All Other Expenses$8,165$1,463$0$9,628
Fees for Services Accounting$4,723$4,573$0$9,296
Payroll Taxes$4,869$257$0$5,126
Office Expenses$2,991$259$0$3,250
Other Expenses$27$1,743$0$1,770
Insurance$0$1,524$0$1,524
Travel$665$452$0$1,117
Total Functional Expenses$266,395$13,716$0$280,111

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$280,111
Total Expenses per Audited Statements$280,111
Total Expenses per Form 990$280,111
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Red River Valley Association Inc dba Red River Valley Fighter Pilots
EIN
23-7033827
Phone
8664017287
Address
PO Box 1553, Front Royal, VA 22630-0033

Signing Officer

Name
Benjamin D Phillips
Title
Treasurer
Phone
8664017287
Signed
2016-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin D Phillips
Formed
1969
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
150

Preparer

Firm
Linda S Halley CPA
Address
31500 GRAPE STREET 110, LAKE ELSINORE, CA 92532
Preparer
Linda S Halley
Phone
9515262063
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Electronic Draft of the Document is routed to all members prior to filing.

Pt VI, Line 12C

Board discussed Conflict of Interest at annual meeting.

Form 990, Part IX, Line 24E

Bank Service Charges 697. 0. 697. 0.

Form 990, Part IX, Line 24E

Software 1219. 813. 406. 0.

Form 990, Part IX, Line 24E

Database Fee 2100. 1995. 105. 0.

Form 990, Part IX, Line 24E

Postage 2876. 2721. 155. 0.

Form 990, Part IX, Line 24E

Telephone 2736. 2636. 100. 0.

Financial Statement Notes

Pt XI, Line 4B

Investment Income is included in 990 Income but not in audit 'Support'

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IRS990/OtherExpensesGrp/Desc2MIG-SWEEP
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt075
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31743
IRS990/OtherExpensesGrp/ProgramServicesAmt07077
IRS990/OtherExpensesGrp/ProgramServicesAmt14000
IRS990/OtherExpensesGrp/ProgramServicesAmt239096
IRS990/OtherExpensesGrp/ProgramServicesAmt327
IRS990/OtherExpensesGrp/TotalAmt07152
IRS990/OtherExpensesGrp/TotalAmt14000
IRS990/OtherExpensesGrp/TotalAmt239106
IRS990/OtherExpensesGrp/TotalAmt31770
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011010
IRS990/OtherSalariesAndWagesGrp/TotalAmt011010
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0257
IRS990/PayrollTaxesGrp/ProgramServicesAmt04869
IRS990/PayrollTaxesGrp/TotalAmt05126
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03792
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01841
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0BENJAMIN D PHILLIPS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIP ASSISTANCE - STUDENTS HELPED WITH APPLICATIONS AND FINDING SCHOLASTIC FUNDS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04800
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt04800
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0189636
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt076899
IRS990/PYInvestmentIncomeAmt079929
IRS990/PYOtherExpensesAmt089438
IRS990/PYRevenuesLessExpensesAmt030794
IRS990/PYSalariesCompEmpBnftPaidAmt072434
IRS990/PYTotalExpensesAmt0238771
IRS990/PYTotalRevenueAmt0269565
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-16078
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0211370
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01084761
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0987239
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0217108
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0189637
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0194484
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0230223
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0229170
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01060622
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt024361
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt038100
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt020986
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021906
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010025
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0115378
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt024361
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt038100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt020986
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021906
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0115378
IRS990ScheduleA/InvestmentIncomeCYPct00.09810
IRS990ScheduleA/InvestmentIncomePYPct00.08660
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.90190
IRS990ScheduleA/PublicSupportPY509Pct00.91340
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01060622
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0217108
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0189637
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0194484
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0230223
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0229170
IRS990ScheduleA/Total509Grp/TotalAmt01060622
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01176000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0280111
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0877051
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115750
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21836
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Smith Barney
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Other Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Accrued Interest Receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Prepaid Payroll Tax Items
IRS990ScheduleD/OtherRevenuesNotIncludedAmt046925
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt046925
IRS990ScheduleD/RevenueSubtotalAmt0217108
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Investment Income is included in 990 Income but not in audit 'Support'
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 4b
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0894637
IRS990ScheduleD/TotalExpensesPerForm990Amt0280111
IRS990ScheduleD/TotalRevenuePerForm990Amt0264033
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0217108
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0280111
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt052035
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt174297
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Other Educational Support
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0na
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1na
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt025
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt19
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0na
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1na
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Electronic Draft of the Document is routed to all members prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board discussed Conflict of Interest at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Bank Service Charges 697. 0. 697. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Software 1219. 813. 406. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Database Fee 2100. 1995. 105. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Postage 2876. 2721. 155. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Telephone 2736. 2636. 100. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e

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