Civic Intelligence

Valley Crest Preserve Inc

990 • Fiscal year 2018 • EIN 27-0202975

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 24, 2019

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.15x

Higher debt load relative to revenue than 59% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

3rd percentile

-99%

Higher net margin than 3% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

39th percentile

$25,981

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

18th percentile

-7.4%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-5.1%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,770,967

Down $222,386 (-7.4%) from 2017

Net Assets

Down

$2,745,576

Down $218,071 (-7.4%) from 2017

Liabilities

Down

$25,391

Down $4,315 (-15%) from 2017

Revenue

Down

$168,836

Down $9,078 (-5.1%) from 2017

Expenses

Up

$336,102

Up $11,596 (+3.6%) from 2017

Net Income

Down

-$167,266

Down $20,674 (-14%) from 2017

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

2018

Assets$2,770,967
Liabilities$25,391
Net Assets$2,745,576

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

2018

Revenue$168,836
Expenses$336,102
Net Income-$167,266
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 24, 2019
Return Version
2018v3.1
Gross Receipts
$170,111
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$2,186,040$2,169,278▼ $16,762
Investments Other Securities$758,858$560,659▼ $198,199
Cash and Non-Interest-Bearing Accounts$43,800$36,781▼ $7,019
Prepaid Expenses and Deferred Charges$4,655$4,249▼ $406
Total Assets$2,993,353$2,770,967▼ $222,386
Liabilities
Unsecured Notes Loans Payable$28,456$24,141▼ $4,315
Other Liabilities$1,250$1,250→ $0
Total Liabilities$29,706$25,391▼ $4,315
Net Assets / Fund Balance
Unrestricted Net Assets$2,963,647$2,745,576▼ $218,071
Total Net Assets Fund Balance$2,963,647$2,745,576▼ $218,071
Total Liabilities and Net Assets / Fund Balance$2,993,353$2,770,967▼ $222,386

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,474,000-$1,474,000
Buildings$619,803$123,476$743,279
Equipment$75,475$37,784$113,259
Other Securities$560,659--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ashley ReeceDirectorPT$25,981$25,981
Linda TesauroDirector-formerPT$15,577$15,577

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$27,882
Program Service Revenue
$49,420
Investment Income
$17,309
Other Revenue
$74,225
All Other Contributions
$27,882
Change in Net Assets
$-167,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$215,797
Other Expenses$120,305
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$153,175--$153,175
Depreciation Depletion$33,414$11,138-$44,552
Current Officers, Directors, Trustees, and Key Employees$20,780$20,778-$41,558
Payroll Taxes$18,548$2,516-$21,064
Occupancy$14,881--$14,881
Insurance$10,918$3,639-$14,557
Fees for Service Investment Mgmnt Fees-$10,512-$10,512
Office Expenses-$4,803-$4,803
Fees for Services Other$1,557$1,501-$3,058
Interest$1,424--$1,424
Advertising$1,252--$1,252
Other Expenses$3,476$622-$622
Conferences and Meetings$533--$533
All Other Expenses-$500-$500
Total Functional Expenses$279,099$57,003$0$336,102
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
Thomas Curley
Title
Current Treasurer
Phone
9082389696
Signed
2019-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ashley Reece
Formed
2009
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
9
Employees
9
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/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 2018 VCP DONATED OVER 26,000 POUNDS OF FRESH FRUIT AND 420 STEMS OF FLOWERS TO OUR COMMUNITY PARTNERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0165815
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt029361
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt017120
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015888
IRS990/PYOtherExpensesAmt0137036
IRS990/PYOtherRevenueAmt074911
IRS990/PYProgramServiceRevenueAmt069995
IRS990/PYRevenuesLessExpensesAmt0-146592
IRS990/PYSalariesCompEmpBnftPaidAmt0187470
IRS990/PYTotalExpensesAmt0324506
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0177914
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-167266
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt074225
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt020059
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt027882
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt017120
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0102342
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0408619
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0504611
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01060574
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017309
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt015889
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt018436
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt014430
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt066064
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt049420
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt069995
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0107671
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt019794
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt019372
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0266252
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017309
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt015889
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt018436
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014430
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt066064
IRS990ScheduleA/InvestmentIncomeCYPct00.04740
IRS990ScheduleA/InvestmentIncomePYPct00.03450
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95260
IRS990ScheduleA/PublicSupportPY509Pct00.96550
IRS990ScheduleA/PublicSupportTotal509Amt01326826
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt077302
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt087115
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0210013
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0428413
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0523983
IRS990ScheduleA/Total509Grp/TotalAmt01326826
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt094611
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0103004
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0228449
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0442843
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0523983
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01392890
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0619803
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0123476
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0743279
IRS990ScheduleD/EquipmentGrp/BookValueAmt075475
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037784
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0113259
IRS990ScheduleD/LandGrp/BookValueAmt01474000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01474000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0560659
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MERRIL LYNCH
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02169278
IRS990ScheduleD/TotalBookValueSecuritiesAmt0560659
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02993353
IRS990/TotalAssetsEOYAmt02770967
IRS990/TotalAssetsGrp/BOYAmt02993353
IRS990/TotalAssetsGrp/EOYAmt02770967
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt027882
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057003
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0279099
IRS990/TotalFunctionalExpensesGrp/TotalAmt0336102
IRS990/TotalGrossUBIAmt00

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