Civic Intelligence

Valley Crest Preserve Inc

990 • Fiscal year 2017 • EIN 27-0202975

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

14 Allerton RoadLebanon, NJ 08833

(908) 238-9696

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

60th percentile

0.17x

Higher debt load relative to revenue than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

4th percentile

-82%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

42nd percentile

$42,115

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 23.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

34th percentile

-1.2%

Faster asset growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-22%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,993,353

Down $36,399 (-1.2%) from 2016

Net Assets

Down

$2,963,647

Down $52,855 (-1.8%) from 2016

Liabilities

Up

$29,706

Up $16,456 (+124%) from 2016

Revenue

Down

$177,914

Down $49,436 (-22%) from 2016

Expenses

Up

$324,506

Up $40,925 (+14%) from 2016

Net Income

Down

-$146,592

Down $90,361 (-161%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $3,046,547Liabilities 2015: $15,000Net Assets 2015: $3,031,5472015Assets 2016: $3,029,752Liabilities 2016: $13,250Net Assets 2016: $3,016,5022016Assets 2017: $2,993,353Liabilities 2017: $29,706Net Assets 2017: $2,963,6472017Assets 2018: $2,770,967Liabilities 2018: $25,391Net Assets 2018: $2,745,5762018Assets 2019: $2,638,337Liabilities 2019: $7,490Net Assets 2019: $2,630,8472019

Highlighted filing

2017

Assets$2,993,353
Liabilities$29,706
Net Assets$2,963,647

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $439,908Expenses 2015: $125,726Net Income 2015: $314,1822015Revenue 2016: $227,350Expenses 2016: $283,581Net Income 2016: -$56,2312016Revenue 2017: $177,914Expenses 2017: $324,506Net Income 2017: -$146,5922017Revenue 2018: $168,836Expenses 2018: $336,102Net Income 2018: -$167,2662018Revenue 2019: $137,924Expenses 2019: $337,077Net Income 2019: -$199,1532019

Highlighted filing

2017

Revenue$177,914
Expenses$324,506
Net Income-$146,592
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$178,403
Mission and Program Overview

Mission

Valley crest preserve, inc. (vcp) grows and donates fresh produce to help people in need, maintains its farm and forest for education and recreation and encourages respect for farms and nature.

Valley crest preserve exists to improve the community's connection, (continued on schedule o)

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,162,880$2,186,040▲ $23,160
Investments Other Securities$759,369$758,858▼ $511
Cash and Non-Interest-Bearing Accounts$98,367$43,800▼ $54,567
Prepaid Expenses and Deferred Charges$9,136$4,655▼ $4,481
Total Assets$3,029,752$2,993,353▼ $36,399
Liabilities
Unsecured Notes Loans Payable$0$28,456▲ $28,456
Accounts Payable and Accrued Expenses$12,000$0▼ $12,000
Other Liabilities$1,250$1,250→ $0
Total Liabilities$13,250$29,706▲ $16,456
Net Assets / Fund Balance
Unrestricted Net Assets$3,016,502$2,963,647▼ $52,855
Total Net Assets Fund Balance$3,016,502$2,963,647▼ $52,855
Total Liabilities and Net Assets / Fund Balance$3,029,752$2,993,353▼ $36,399

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,474,000-$1,474,000
Buildings$643,208$100,071$743,279
Equipment$68,832$16,637$85,469
Other Securities$758,858--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Linda TesauroDirectorPT$42,115$42,115

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$17,120
Program Service Revenue
$69,995
Investment Income
$15,888
Other Revenue
$74,911
All Other Contributions
$17,120
Change in Net Assets
$-146,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$187,470
Other Expenses$137,036
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$126,957--$126,957
Current Officers, Directors, Trustees, and Key Employees$21,057$21,058-$42,115
Depreciation Depletion$29,326$9,775-$39,101
Payroll Taxes$15,780$2,618-$18,398
Insurance$10,258$3,419-$13,677
Fees for Services Accounting-$10,955-$10,955
Fees for Service Investment Mgmnt Fees-$10,136-$10,136
Occupancy$7,546--$7,546
Office Expenses-$5,045-$5,045
Fees for Services Other$1,731$1,404-$3,135
Interest$1,518--$1,518
Advertising$1,150--$1,150
Other Expenses$9,747$1,021-$1,021
Conferences and Meetings$120--$120
Total Functional Expenses$255,323$69,183$0$324,506
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$1,250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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

A draft of form 990 is reviewed by the director then distributed and made available to the board of trustees prior to the form being filed. There is an opportunity for questions and answers and when the draft is approved it is filed with the internal revenue service.

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

The organization requires annual conflicts of interest statements from all board members. These statements are reviewed by the executive director of the organization. All board members are required to disclose any conflicts of interest.

Form 990, Part VI, Section B, Line 15

Annually the board reviews the compensation of the executive director and top management by considering compensation paid by comparable organizations for a similar position.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statments are always available to the public at the organization's office or by request.

Filing and Contact Details

Filer

Filer Name
Valley Crest Preserve Inc
EIN
27-0202975
Phone
9082389696
Address
14 ALLERTON ROAD, LEBANON, NJ 08833

Signing Officer

Name
Frank Greenagel
Title
Chairman
Phone
9082389696
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ashley Reece
Formed
2009
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
7
Employees
7
Volunteers
100

Preparer

Firm
Maddaloni Nydick & Keenan Pc
Address
30 COLUMBIA TURNPIKE, FLORHAM PARK, NJ 07932
Preparer
Steven Nydick
Phone
9738228080
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

(continued from from 990, page 1) experience and information about nature through inspirational, educational programs and to ensure fresh produce for people in need by growing and donating food. We accomplish this through our educational nature programs for the public and outreach to scouts and other groups to volunteer and "pick for the pantry." in 2015 from april through mid-november the preserve offered ten nature programs for families, twenty-five specifically designed programs for both boy and girls scout troops to attain their badges, and ten organized volunteer groups to pick for the pantry. Approximately 750 people attended these programs throughout 2015.

Form 990, Part XI - Line 2C

No audit was required or performed for the current year. While there is no separate committee, the organization's board acts as a committee that is responsible for overseeing the financial activity. This process has not changed from the prior year.

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IRS990/MissionDesc0VALLEY CREST PRESERVE, INC. (VCP) GROWS AND DONATES FRESH PRODUCE TO HELP PEOPLE IN NEED, MAINTAINS ITS FARM AND FOREST FOR EDUCATION AND RECREATION AND ENCOURAGES RESPECT FOR FARMS AND NATURE.
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IRS990/ProgramServiceRevenueGrp/Desc0LOGGING
IRS990/ProgramServiceRevenueGrp/Desc1PICK YOUR OWN
IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL EVENTS
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IRS990/ProgSrvcAccomActy2Grp/Desc0VALLEY CREST PRESERVE, INC. ALSO DONATES 85 PERCENT OF WHAT WE GROW TO FOOD BANKS AND PANTRIES. WE ENCOURAGE SCHOOL GROUPS, SCOUTS, CHURCH ORGANIZATIONS AND OTHERS TO PROVIDE A COMMUNITY SERVICE AND "PICK FOR THE PANTRY." DURING 2017 VCP DONATED 45,000 POUNDS OF FRESH FRUIT TO OUR COMMUNITY PARTNERS.
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt074911
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt043640
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt017120
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0102342
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0408619
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0504611
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0100360
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01133052
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt015889
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt018436
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014430
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt048755
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt069995
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0107671
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt019794
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt019372
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt016440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0233272
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt015889
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt018436
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014430
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt048755
IRS990ScheduleA/InvestmentIncomeCYPct00.03450
IRS990ScheduleA/InvestmentIncomePYPct00.02370
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96550
IRS990ScheduleA/PublicSupportPY509Pct00.97630
IRS990ScheduleA/PublicSupportTotal509Amt01366324
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt087115
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0210013
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0428413
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0523983
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0116800
IRS990ScheduleA/Total509Grp/TotalAmt01366324
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0103004
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0228449
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0442843
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0523983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0116800
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01415079
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0643208
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0100071
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0743279
IRS990ScheduleD/EquipmentGrp/BookValueAmt068832
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016637
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085469
IRS990ScheduleD/LandGrp/BookValueAmt01474000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01474000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0758858
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MERRIL LYNCH
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02186040
IRS990ScheduleD/TotalBookValueSecuritiesAmt0758858
IRS990ScheduleD/TotalLiabilityAmt01250
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0(CONTINUED FROM FROM 990, PAGE 1) EXPERIENCE AND INFORMATION ABOUT NATURE THROUGH INSPIRATIONAL, EDUCATIONAL PROGRAMS AND TO ENSURE FRESH PRODUCE FOR PEOPLE IN NEED BY GROWING AND DONATING FOOD. WE ACCOMPLISH THIS THROUGH OUR EDUCATIONAL NATURE PROGRAMS FOR THE PUBLIC AND OUTREACH TO SCOUTS AND OTHER GROUPS TO VOLUNTEER AND "PICK FOR THE PANTRY." IN 2015 FROM APRIL THROUGH MID-NOVEMBER THE PRESERVE OFFERED TEN NATURE PROGRAMS FOR FAMILIES, TWENTY-FIVE SPECIFICALLY DESIGNED PROGRAMS FOR BOTH BOY AND GIRLS SCOUT TROOPS TO ATTAIN THEIR BADGES, AND TEN ORGANIZED VOLUNTEER GROUPS TO PICK FOR THE PANTRY. APPROXIMATELY 750 PEOPLE ATTENDED THESE PROGRAMS THROUGHOUT 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS REVIEWED BY THE DIRECTOR THEN DISTRIBUTED AND MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO THE FORM BEING FILED. THERE IS AN OPPORTUNITY FOR QUESTIONS AND ANSWERS AND WHEN THE DRAFT IS APPROVED IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES ANNUAL CONFLICTS OF INTEREST STATEMENTS FROM ALL BOARD MEMBERS. THESE STATEMENTS ARE REVIEWED BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY THE BOARD REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND TOP MANAGEMENT BY CONSIDERING COMPENSATION PAID BY COMPARABLE ORGANIZATIONS FOR A SIMILAR POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATMENTS ARE ALWAYS AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICE OR BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO AUDIT WAS REQUIRED OR PERFORMED FOR THE CURRENT YEAR. WHILE THERE IS NO SEPARATE COMMITTEE, THE ORGANIZATION'S BOARD ACTS AS A COMMITTEE THAT IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL ACTIVITY. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI - LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03029752
IRS990/TotalAssetsEOYAmt02993353
IRS990/TotalAssetsGrp/BOYAmt03029752
IRS990/TotalAssetsGrp/EOYAmt02993353
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt017120
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt069183
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0255323
IRS990/TotalFunctionalExpensesGrp/TotalAmt0324506
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013250
IRS990/TotalLiabilitiesEOYAmt029706
IRS990/TotalLiabilitiesGrp/BOYAmt013250
IRS990/TotalLiabilitiesGrp/EOYAmt029706
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03016502
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02963647
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0250
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0250
IRS990/TotalProgramServiceExpensesAmt0255323
IRS990/TotalProgramServiceRevenueAmt069995
IRS990/TotalReportableCompFromOrgAmt042115
IRS990/TotalRevenueGrp/ExclusionAmt090799
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt069995
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0177914
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03029752
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02993353
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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