Civic Intelligence

Red River Valley Association Inc DBA Red River Valley Fighter Pilots

990 • Fiscal year 2016 • EIN 23-7033827

Jan 01, 2016 to Dec 31, 2016 • Filed on May 12, 2017

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

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

39th percentile

-0.6%

Higher net margin than 39% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

47th percentile

$56,000

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 25.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

59th percentile

4.0%

Faster asset growth than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-18%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,027,098

Up $39,316 (+4.0%) from 2015

Net Assets

Up

$1,026,503

Up $39,264 (+4.0%) from 2015

Liabilities

Up

$595

Up $52 (+9.6%) from 2015

Revenue

Down

$217,156

Down $46,877 (-18%) from 2015

Expenses

Down

$218,540

Down $61,571 (-22%) from 2015

Net Income

Up

-$1,384

Up $14,694 (+91%) from 2015

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

2016

Assets$1,027,098
Liabilities$595
Net Assets$1,026,503

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

2016

Revenue$217,156
Expenses$218,540
Net Income-$1,384
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 12, 2017
Return Version
2016v3.0
Gross Receipts
$495,675
Mission and Program Overview

Mission

Provide College Scholarships and Scholarship Assistance

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$987,239$1,026,503▲ $39,264
Cash and Non-Interest-Bearing Accounts$91,304$70,407▼ $20,897
Pledges and Grants Receivable$1,841$1,899▲ $58
Total Assets$987,782$1,027,098▲ $39,316
Other Assets Total$894,637$954,792▲ $60,155
Liabilities
Accounts Payable and Accrued Expenses$543$595▲ $52
Total Liabilities$543$595▲ $52
Net Assets / Fund Balance
Total Net Assets Fund Balance$987,239$1,026,503▲ $39,264
Total Liabilities and Net Assets / Fund Balance$987,782$1,027,098▲ $39,316

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,300--
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
$168,510
Program Service Revenue
$0
Investment Income
$48,646
Other Revenue
$0
All Other Contributions
$148,646
Change in Net Assets
$-1,384

Audited Revenue Reconciliation

Revenue per Audited Statements
$168,510
Revenue Not Reported on Financial Statements
$48,646
Other Revenue Adjustments
$48,646
Total Revenue per Audited Statements
$168,510
Total Revenue per Form 990
$217,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,682
Salaries, Compensation, and Employee Benefits$71,480
Grants and Similar Amounts Paid$56,378
Total Fundraising Expense$341
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$56,378--$56,378
Current Officers, Directors, Trustees, and Key Employees$52,640$3,360$0$56,000
All Other Expenses$9,861$2,202$0$12,063
Fees for Service Investment Mgmnt Fees$0$10,795$0$10,795
Office Expenses$5,105$4,976$341$10,422
Other Salaries and Wages$10,400$0$0$10,400
Fees for Services Accounting$0$9,844$0$9,844
Payroll Taxes$4,823$257$0$5,080
Travel$2,710$77$0$2,787
Other Expenses$2,270$0$0$2,270
Insurance$0$1,537$0$1,537
Total Functional Expenses$184,873$33,326$341$218,540

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$218,540
Expenses per Audited Statements$207,745
Total Expenses per Audited Statements$207,745
Expenses Not Reported on Financial Statements$10,795
Other Expense Adjustments$10,795
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
John Hope
Title
Executive Director
Phone
8664017287
Signed
2017-05-12
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 Glau CPA
Address
1672 Main Street Suite E261, Ramona, CA 92065
Preparer
Linda S Glau
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 755. 0. 755. 0.

Form 990, Part IX, Line 24E

Software 869. 306. 563. 0.

Form 990, Part IX, Line 24E

Database Fee 4200. 3990. 210. 0.

Form 990, Part IX, Line 24E

Postage 2372. 2307. 65. 0.

Form 990, Part IX, Line 24E

Telephone 3867. 3258. 609. 0.

Financial Statement Notes

Pt XI, Line 4B

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

Pt XII, Line 4B

Investment Expense is included in 990 Expense but not in the audit'Expenses'

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IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0894637
IRS990/OtherAssetsTotalGrp/EOYAmt0954792
IRS990/OtherExpensesGrp/Desc0Recruiting
IRS990/OtherExpensesGrp/Desc1Web Page
IRS990/OtherExpensesGrp/Desc2MIG-SWEEP
IRS990/OtherExpensesGrp/Desc3Reunion Expenses
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2278
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt06207
IRS990/OtherExpensesGrp/ProgramServicesAmt14000
IRS990/OtherExpensesGrp/ProgramServicesAmt230479
IRS990/OtherExpensesGrp/ProgramServicesAmt32270
IRS990/OtherExpensesGrp/TotalAmt06207
IRS990/OtherExpensesGrp/TotalAmt14000
IRS990/OtherExpensesGrp/TotalAmt230757
IRS990/OtherExpensesGrp/TotalAmt32270
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010400
IRS990/OtherSalariesAndWagesGrp/TotalAmt010400
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0257
IRS990/PayrollTaxesGrp/ProgramServicesAmt04823
IRS990/PayrollTaxesGrp/TotalAmt05080
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01841
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01899
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/PYContributionsGrantsAmt0217108
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0131132
IRS990/PYInvestmentIncomeAmt046925
IRS990/PYOtherExpensesAmt076843
IRS990/PYRevenuesLessExpensesAmt0-16078
IRS990/PYSalariesCompEmpBnftPaidAmt072136
IRS990/PYTotalExpensesAmt0280111
IRS990/PYTotalRevenueAmt0264033
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1384
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0158608
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0987239
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01026503
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0168510
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0217108
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0189637
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0194484
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0230223
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0999962
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt024321
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt024361
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt038100
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt020986
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt021906
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0129674
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt024321
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt024361
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt038100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt020986
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt021906
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0129674
IRS990ScheduleA/InvestmentIncomeCYPct00.11480
IRS990ScheduleA/InvestmentIncomePYPct00.09810
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.88520
IRS990ScheduleA/PublicSupportPY509Pct00.90190
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0999962
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0168510
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0217108
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0189637
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0194484
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0230223
IRS990ScheduleA/Total509Grp/TotalAmt0999962
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01129636
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt010795
IRS990ScheduleD/ExpensesSubtotalAmt0207745
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0937742
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115750
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21300
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Smith Barney
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Other Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Accrued Interest Receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Miscellaneous Receivables
IRS990ScheduleD/OtherExpensesNotIncludedAmt010795
IRS990ScheduleD/OtherRevenuesNotIncludedAmt048646
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt048646
IRS990ScheduleD/RevenueSubtotalAmt0168510
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Investment Income is included in 990 Income but not in audit 'Support'
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Investment Expense is included in 990 Expense but not in the audit'Expenses'
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 4b
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0954792
IRS990ScheduleD/TotalExpensesPerForm990Amt0218540
IRS990ScheduleD/TotalRevenuePerForm990Amt0217156
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0168510
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0207745
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt040537
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt111541
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Other Educational Support
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0na
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1na
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt025
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt15
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 755. 0. 755. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Software 869. 306. 563. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Database Fee 4200. 3990. 210. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Postage 2372. 2307. 65. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Telephone 3867. 3258. 609. 0.

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