Civic Intelligence

Federal Valley Resource Center Inc

EIN 86-1054078 • 501(c)3 • Stewart, OH

Profile

The purpose of the federal valley resource center (fvrc), a non-profit 5013 organization, is to manage, operate, and use the historic rome-canaan school campus in stewart, ohio, for the benefit of the community and surrounding area, fvrc is focused on the preservation of these historic buildings, while providing the community with a place for gathering and events featuring art, history, music, sports, and education, among other activities. Fvrc is committed to helping the community with an established thrift store and food pantry.

PO Box 18Stewart, OH 45778

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

30th percentile

-5.4%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

13th percentile

-19%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

262%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$142,378

Down $34,026 (-19%) from 2023

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

Down

$142,378

Down $34,026 (-19%) from 2023

Revenue

Up

$635,190

Up $459,900 (+262%) from 2023

Expenses

Up

$669,216

Up $570,512 (+578%) from 2023

Net Income

Down

-$34,026

Down $110,612 (-144%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2015: $29,894Liabilities 2015: $2492015Assets 2016: $44,100Liabilities 2016: $2122016Assets 2017: $51,827Liabilities 2017: $2282017Assets 2018: $72,956Liabilities 2018: $2652018Assets 2019: $67,729Liabilities 2019: $3272019Assets 2020: $52,701Net Assets 2020: $52,7012020Assets 2021: $34,843Net Assets 2021: $34,8432021Assets 2022: $77,929Net Assets 2022: $77,9292022Assets 2023: $176,404Net Assets 2023: $176,4042023Assets 2024: $142,378Liabilities 2024: $0Net Assets 2024: $142,3782024

Highlighted filing

2024

Assets$142,378
Liabilities$0
Net Assets$142,378

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2015: $76,242Expenses 2015: $64,845Net Income 2015: $11,3972015Revenue 2016: $66,211Expenses 2016: $51,968Net Income 2016: $14,2432016Revenue 2017: $72,666Expenses 2017: $64,955Net Income 2017: $7,7112017Revenue 2018: $55,645Expenses 2018: $34,553Net Income 2018: $21,0922018Revenue 2019: $50,598Expenses 2019: $55,871Net Income 2019: -$5,2732019Revenue 2020: $59,214Expenses 2020: $73,915Net Income 2020: -$14,7012020Revenue 2021: $86,318Expenses 2021: $104,176Net Income 2021: -$17,8582021Revenue 2022: $149,526Expenses 2022: $106,440Net Income 2022: $43,0862022Revenue 2023: $175,290Expenses 2023: $98,704Net Income 2023: $76,5862023Revenue 2024: $635,190Expenses 2024: $669,216Net Income 2024: -$34,0262024

Highlighted filing

2024

Revenue$635,190
Expenses$669,216
Net Income-$34,026

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 16, 2024
Return Version
2023v5.0
Gross Receipts
$635,190
Mission and Program Overview

Mission

The purpose of the federal valley resource center (fvrc), a non-profit 5013 organization, is to manage, operate, and use the historic rome-canaan school campus in stewart, ohio, for the benefit of the community and surrounding area, fvrc is focused on the preservation of these historic buildings, while providing the community with a place for gathering and events featuring art, history, music, sports, and education, among other activities. Fvrc is committed to helping the community with an established thrift store and food pantry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$176,404$142,378▼ $34,026
Total Assets$176,404$142,378▼ $34,026
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$176,404$142,378▼ $34,026
Total Net Assets Fund Balance$176,404$142,378▼ $34,026
Total Liabilities and Net Assets / Fund Balance$176,404$142,378▼ $34,026
Compensation and Service Providers

Board Members and Trustees

NameTitle
Therese Fieler LackeyPresident
Brent HayesOfficer
Gay DalzellOfficer
Sara ConleyOfficer
Joanna DuquetteOfficer/food
Laura CarneySecretary
Clara LedfordTreasurer/th
Judy MorganVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$579,405
Program Service Revenue
$51,951
Investment Income
$0
Other Revenue
$3,834
All Other Contributions
$32,419
Change in Net Assets
$-34,026
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$669,216
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$569,323$777-$570,100
Insurance$4,941--$4,941
Office Expenses$1,866$1,867-$3,733
All Other Expenses$3,570--$3,570
Other Expenses$2,593--$2,593
Total Functional Expenses$666,572$2,644$0$669,216
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
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Federal Valley Resource Center Inc
EIN
86-1054078
Phone
7406625605
Address
PO BOX 18, STEWART, OH 45778

Signing Officer

Name
Clara Ledford
Title
Treasurer/thrift Sto
Phone
7406625605
Signed
2024-10-16

Organization Details

Principal Officer
Therese Fieler Lackey
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
0
Employees
0

Preparer

Firm
FINANCIAL ACCOUNTING & ADVISORY SVC'S
Address
PO BOX 805, ATHENS, OH 45701
Preparer
Pat Smith CPA
Phone
7405943227
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose of the federal valley resource center (fvrc), a non-profit 5013 organization, is to manage, operate, and use the historic rome-canaan school campus in stewart, ohio, for the benefit of the community and surrounding area, fvrc is focused on the preservation of these historic buildings, while providing the community with a place for gathering and events featuring art, history, music, sports, and education, among other activities. Fvrc is committed to helping the community with an established thrift store and food pantry.

Form 990, Page 2, Part III, Line 4C

Fvrc continues to maintain several buildings which include: 1) 1897 original two room schoolhouse that houses community room and music room, 2) 1920 addition to main building that houses meeting room, kitchen, auditorium, book room, food pantry, thrift store and several other rooms, 3) 1940 gymnasium. In the past year the center hosted music performances and offered free instruction in art, quilting and music, along with the thrift store being open 3 days a week. Performances and programs averaged 50 to 75 attendees. Meeting and activity space were provided free of charge for band practice, area program planning and non-denominational youth ministry. Fvrc's food program expanded to include a well-stocked pantry, weekly food distribution and monthly food boxes to community members in need. Multiple spaces at fvrc are available for private parties, reunions, weddings, ball practice, etc. To area individuals and groups for a low-cost fee. Proceeds are used to offset utility costs and building upkeep. Another source of income used for building repair and restoration is the thrift store located in our basement (former basketball court 1920 to 1920 and then as a cafeteria). It offers gently used clothing and home goods at low cost. The thrift store has more than tripled its income. Students from nearby federal hocking high school participate in helpful internships (requirement for graduation) and occasionally community service workers are placed at fvrc

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE FEDERAL VALLEY RESOURCE CENTER (FVRC), A NON-PROFIT 5013 ORGANIZATION, IS TO MANAGE, OPERATE, AND USE THE HISTORIC ROME-CANAAN SCHOOL CAMPUS IN STEWART, OHIO, FOR THE BENEFIT OF THE COMMUNITY AND SURROUNDING AREA, FVRC IS FOCUSED ON THE PRESERVATION OF THESE HISTORIC BUILDINGS, WHILE PROVIDING THE COMMUNITY WITH A PLACE FOR GATHERING AND EVENTS FEATURING ART, HISTORY, MUSIC, SPORTS, AND EDUCATION, AMONG OTHER ACTIVITIES. FVRC IS COMMITTED TO HELPING THE COMMUNITY WITH AN ESTABLISHED THRIFT STORE AND FOOD PANTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FVRC CONTINUES TO MAINTAIN SEVERAL BUILDINGS WHICH INCLUDE: 1) 1897 ORIGINAL TWO ROOM SCHOOLHOUSE THAT HOUSES COMMUNITY ROOM AND MUSIC ROOM, 2) 1920 ADDITION TO MAIN BUILDING THAT HOUSES MEETING ROOM, KITCHEN, AUDITORIUM, BOOK ROOM, FOOD PANTRY, THRIFT STORE AND SEVERAL OTHER ROOMS, 3) 1940 GYMNASIUM. IN THE PAST YEAR THE CENTER HOSTED MUSIC PERFORMANCES AND OFFERED FREE INSTRUCTION IN ART, QUILTING AND MUSIC, ALONG WITH THE THRIFT STORE BEING OPEN 3 DAYS A WEEK. PERFORMANCES AND PROGRAMS AVERAGED 50 TO 75 ATTENDEES. MEETING AND ACTIVITY SPACE WERE PROVIDED FREE OF CHARGE FOR BAND PRACTICE, AREA PROGRAM PLANNING AND NON-DENOMINATIONAL YOUTH MINISTRY. FVRC'S FOOD PROGRAM EXPANDED TO INCLUDE A WELL-STOCKED PANTRY, WEEKLY FOOD DISTRIBUTION AND MONTHLY FOOD BOXES TO COMMUNITY MEMBERS IN NEED. MULTIPLE SPACES AT FVRC ARE AVAILABLE FOR PRIVATE PARTIES, REUNIONS, WEDDINGS, BALL PRACTICE, ETC. TO AREA INDIVIDUALS AND GROUPS FOR A LOW-COST FEE. PROCEEDS ARE USED TO OFFSET UTILITY COSTS AND BUILDING UPKEEP. ANOTHER SOURCE OF INCOME USED FOR BUILDING REPAIR AND RESTORATION IS THE THRIFT STORE LOCATED IN OUR BASEMENT (FORMER BASKETBALL COURT 1920 TO 1920 AND THEN AS A CAFETERIA). IT OFFERS GENTLY USED CLOTHING AND HOME GOODS AT LOW COST. THE THRIFT STORE HAS MORE THAN TRIPLED ITS INCOME. STUDENTS FROM NEARBY FEDERAL HOCKING HIGH SCHOOL PARTICIPATE IN HELPFUL INTERNSHIPS (REQUIREMENT FOR GRADUATION) AND OCCASIONALLY COMMUNITY SERVICE WORKERS ARE PLACED AT FVRC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CLARA LEDFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER/THRIFT STO
ReturnHeader/BusinessOfficerGrp/PhoneNum07406625605
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FEDERAL VALLEY RESOURCE CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0FEDE
ReturnHeader/Filer/EIN0861054078
ReturnHeader/Filer/PhoneNum07406625605
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ReturnHeader/Filer/USAddress/CityNm0STEWART
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL ACCOUNTING & ADVISORY SVC'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 805
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ReturnHeader/PreparerPersonGrp/PhoneNum07405943227
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAT SMITH CPA
ReturnHeader/ReturnTs02024-10-21T10:59:34-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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