Civic Intelligence

Valo

990 • Fiscal year 2021 • EIN 83-3292625

Jan 01, 2021 to Dec 31, 2021 • Filed on Jan 20, 2023

Organization ProfileVALOMAINE.ORG
PO Box 222Freeport, ME 04032

(207) 865-1665

Siviq Scores

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

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.06x

Higher debt load relative to revenue than 44% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

3rd percentile

-91%

Higher net margin than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

77th percentile

$120,215

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 51.6% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

24%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$1,683,872

Down $207,653 (-11%) from 2020

Net Assets

Down

$1,668,895

Down $213,472 (-11%) from 2020

Liabilities

Up

$14,977

Up $5,819 (+64%) from 2020

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin3rd percentile

Revenue

Up

$232,917

Up $45,098 (+24%) from 2020

Expenses

Down

$444,065

Down $18,916 (-4.1%) from 2020

Net Income

Up

-$211,148

Up $64,014 (+23%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$3.0M$2.0M$1.0M$0Assets 2019: $2,163,571Liabilities 2019: $6,042Net Assets 2019: $2,157,5292019Assets 2020: $1,891,525Liabilities 2020: $9,158Net Assets 2020: $1,882,3672020Assets 2021: $1,683,872Liabilities 2021: $14,977Net Assets 2021: $1,668,8952021Assets 2022: $1,280,721Liabilities 2022: $44,171Net Assets 2022: $1,236,5502022Assets 2023: $953,885Liabilities 2023: $31,494Net Assets 2023: $922,3912023Assets 2024: $919,336Liabilities 2024: $34,502Net Assets 2024: $884,8342024

Highlighted filing

2021

Assets$1,683,872
Liabilities$14,977
Net Assets$1,668,895
Open 2021 Filing

Operations Trend

Revenue Growth62nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $2,581,567Expenses 2019: $424,038Net Income 2019: $2,157,5292019Revenue 2020: $187,819Expenses 2020: $462,981Net Income 2020: -$275,1622020Revenue 2021: $232,917Expenses 2021: $444,065Net Income 2021: -$211,1482021Revenue 2022: $316,099Expenses 2022: $560,790Net Income 2022: -$244,6912022Revenue 2023: $289,459Expenses 2023: $647,437Net Income 2023: -$357,9782023Revenue 2024: $534,648Expenses 2024: $577,434Net Income 2024: -$42,7862024

Highlighted filing

2021

Revenue$232,917
Expenses$444,065
Net Income-$211,148
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jan 20, 2023
Return Version
2021v4.2
Gross Receipts
$232,917
Mission and Program Overview

Mission

Valo's mission is to guide teens to be empowered people who are connected and present with others in building community.

We believe in the power of teens to build community, one meanigful connection at a time. We believe in teens' capacity to discover who they are, what they believe, and their ability to bring light and love to the world. Valo creates spaces where teens can get away from it all. Feel independent, unplug, and have fun. A place of belonging for youth to have deep conversations and feel empowered as they ignite a future with hope.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$988,092$983,068▼ $5,024
Cash and Non-Interest-Bearing Accounts$853,138$276,644▼ $576,494
Savings and Temporary Cash Investments-$200,241-
Accounts Receivable$44,354$124,493▲ $80,139
Intangible Assets-$93,524-
Prepaid Expenses and Deferred Charges$5,941$5,902▼ $39
Total Assets$1,891,525$1,683,872▼ $207,653
Liabilities
Accounts Payable and Accrued Expenses$9,158$14,977▲ $5,819
Total Liabilities$9,158$14,977▲ $5,819
Net Assets / Fund Balance
Net Assets With Donor Restrictions$988,092$983,068▼ $5,024
Net Assets Without Donor Restrictions$894,275$685,827▼ $208,448
Total Net Assets Fund Balance$1,882,367$1,668,895▼ $213,472
Total Liabilities and Net Assets / Fund Balance$1,891,525$1,683,872▼ $207,653
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dana AndersonExecutive DirectorFT$118,215$2,000$120,215

Board Members and Trustees

NameTitle
Jay TobiasPresident
Sam BossSecretary
Nancy KennedyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$229,505
Program Service Revenue
$0
Investment Income
$3,162
Other Revenue
$250
All Other Contributions
$157,760
Change in Net Assets
$-211,148

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$93,524Supply and Demand
Total Noncash Contributions1$93,524-

Audited Revenue Reconciliation

Revenue per Audited Statements
$232,917
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$250
Total Revenue per Audited Statements
$233,167
Total Revenue per Form 990
$232,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$316,511
Other Expenses$127,554
Total Fundraising Expense$40,686
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,788$8,896$13,123$164,807
Current Officers, Directors, Trustees, and Key Employees$83,933$17,732$16,550$118,215
Payroll Taxes$24,136$2,242$2,411$28,789
Occupancy$20,378$1,553$1,728$23,659
Insurance$7,641$2,693$979$11,313
Fees for Services Accounting$412$9,070$41$9,523
Fees for Services Other$5,026--$5,026
Other Employee Benefits$3,850$435$415$4,700
Office Expenses$672$476$2,468$3,616
Information Technology$1,438$795$491$2,724
Travel$2,277$80-$2,357
Conferences and Meetings--$2,062$2,062
Advertising$1,745--$1,745
All Other Expenses$539-$242$781
Other Expenses$428$37$40$505
Fees for Services Legal-$185-$185
Total Functional Expenses$358,680$44,699$40,686$444,065

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$514,401
Expenses per Audited Statements$444,065
Total Expenses per Form 990$444,065
Expenses Not Reported on Form 990$70,336
Expenses Not Reported on Financial Statements$0
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
Business relationship with 35% controlled entity
No
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
No
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 board reviews the form 990 before it is submitted. After approval, they will ask the executive director to commuicate their approval to the accountant so that the 990 can be submitted.”

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

“Valo has a conflict of interest policy that the board reviews and agrees to annually. In that policy, monitoring policies are put into place and followed by all parties.”

Form 990, Part VI, Section B, Line 15A

“The board of directors determines compensation for the executive director, the outreach coordinator and guides based on comparisons of similar organizations and companies.”

Form 990, Part VI, Section C, Line 19

“No other documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Valo
EIN
83-3292625
Phone
2078651665
Address
PO BOX 222, FREEPORT, ME 04032

Signing Officer

Name
Dana Anderson
Title
Executive Director
Phone
2078651665
Signed
2023-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dana Anderson
Formed
2019
Legal Domicile
Me
Voting Board Members
3
Independent Board Members
3
Employees
9
Volunteers
0

Preparer

Firm
Leonardo & Co Pa CPA
Address
96 OCEAN STREET SUITE 2, SOUTH PORTLAND, ME 04106
Preparer
Jane D Trefethen
Phone
2078839555
Supplemental Narrative

Additional Explanations

Form 990, Page 1, B, Amended Return

“This 990 has been amended to reflect receivable and reduction in payroll expenses for ertc receivable.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reduction in payroll costs due to ertc”

Raw XML AppendixShowing 400 of 404 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02580449
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt01060
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/SubstantialContributorsTotAmt033570
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02580449
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02997696
IRS990ScheduleA/TotalSupportAmt03002303
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/ExpensesNotReportedAmt070336
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/OtherExpensesIncludedAmt070336
IRS990ScheduleD/RevenueNotReportedAmt0250
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0232917
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REDUCTION IN PAYROLL COSTS DUE TO ERTC
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0444065
IRS990ScheduleD/TotalRevenuePerForm990Amt0232917
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0233167
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0514401
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0BITCOIN
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0SUPPLY AND DEMAND
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt093524
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS THE FORM 990 BEFORE IT IS SUBMITTED. AFTER APPROVAL, THEY WILL ASK THE EXECUTIVE DIRECTOR TO COMMUICATE THEIR APPROVAL TO THE ACCOUNTANT SO THAT THE 990 CAN BE SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VALO HAS A CONFLICT OF INTEREST POLICY THAT THE BOARD REVIEWS AND AGREES TO ANNUALLY. IN THAT POLICY, MONITORING POLICIES ARE PUT INTO PLACE AND FOLLOWED BY ALL PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE EXECUTIVE DIRECTOR, THE OUTREACH COORDINATOR AND GUIDES BASED ON COMPARISONS OF SIMILAR ORGANIZATIONS AND COMPANIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS 990 HAS BEEN AMENDED TO REFLECT RECEIVABLE AND REDUCTION IN PAYROLL EXPENSES FOR ERTC RECEIVABLE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 1, B, AMENDED RETURN
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01683872
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IRS990/TotalAssetsGrp/EOYAmt01683872
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0229505
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt040686
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044699
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0358680
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IRS990/TotalVolunteersCnt00
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IRS990/WhistleblowerPolicyInd01
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,683,872
Liabilities
$14,977
Net assets
$1,668,895
Revenue
$232,917
Expenses
$444,065
Net income
-$211,148
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.03$0.88$0.53$0.58$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.03$0.92$0.29$0.65$0.36
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.04$1.24$0.32$0.56$0.24
2021Detailed filing. Detailed filing data is available for this year.$1.68$0.01$1.67$0.23$0.44$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.01$1.88$0.19$0.46$0.28
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.01$2.16$2.58$0.42$2.16