Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.06x
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 5.6% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$113,464
No earlier filing loaded for comparison.
Net Assets
$106,898
No earlier filing loaded for comparison.
Liabilities
$6,566
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$180,599
No earlier filing loaded for comparison.
Expenses
$73,701
No earlier filing loaded for comparison.
Net Income
$106,898
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Oct 28, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $180,599
Mission and Program Overview
Mission
See Schedule O Supplemental Information
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | - | $109,691 | - |
| Rtn Earn Endowment Incm Other Fnds | $0 | $106,898 | ▲ $106,898 |
| Cash and Non-Interest-Bearing Accounts | - | $3,773 | - |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $0 | $113,464 | ▲ $113,464 |
| Liabilities | |||
| Other Liabilities | $0 | $6,566 | ▲ $6,566 |
| Total Liabilities | $0 | $6,566 | ▲ $6,566 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $0 | $106,898 | ▲ $106,898 |
| Total Liabilities and Net Assets / Fund Balance | $0 | $113,464 | ▲ $113,464 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Christian Johanneson | CEO | PT | $10,113 | $10,113 |
Board Members and Trustees
| Name | Title |
|---|---|
| Alice Johanneson | Board Member |
| Greg Hunter | Board Member |
| John Jack Johanneson | Board Member |
| Regina Sperry | Board Member |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $178,149
- Program Service Revenue
- $0
- Investment Income
- $2,450
- Other Revenue
- $0
- All Other Contributions
- $178,149
- Change in Net Assets
- $106,898
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $63,587 |
| Salaries, Compensation, and Employee Benefits | $10,114 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Employee Benefits | $5,057 | $5,057 | - | $10,114 |
| Fees for Services Other | $9,292 | $551 | - | $9,843 |
| Office Expenses | $3,931 | $3,940 | - | $7,871 |
| Travel | $6,397 | - | - | $6,397 |
| All Other Expenses | $6,153 | $153 | - | $6,306 |
| Information Technology | $4,360 | $379 | - | $4,739 |
| Other Expenses | $2,089 | $232 | - | $2,321 |
| Advertising | $1,776 | $364 | - | $2,140 |
| Fees for Services Accounting | $1,125 | $125 | - | $1,250 |
| Fees for Services Legal | $224 | $25 | - | $249 |
| Interest | $19 | - | - | $19 |
| Total Functional Expenses | $61,974 | $11,727 | $0 | $73,701 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
| Liability | Amount |
|---|---|
| Credit Card Payable | $6,566 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- 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
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, line 2
“John "Jack" Johanneson (Board Member) is the son of Christian Johanneson (CEO). Alice Johanneson is the wife of Christian Johanneson.”
Form 990, Part VI, Section B, line 11B
“The organization's governing documents and financial statements are available upon request.”
Form 990, Part VI, Section B, line 12C
“The purpose of The Valhalla Fund Conflict of Interest Policy is to protect the tax-exempt organization when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the organization or might result in a possible excess benefit transaction. To ensure The Valhalla Fund operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. Whether partnerships, joint ventures, and arrangements with management organizations conform to The Valhalla Fund's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit, or in an excess benefit transaction.”
Form 990, Part VI, Section C, line 19
“The organization's governing documens and financial statements are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- The Valhalla Fund
- EIN
- 92-1700871
- Phone
- 4254453507
- Address
- 22220 HIGH BRIDGE RD, MONROE, WA 98272
Signing Officer
- Name
- Christian Johanneson
- Title
- CEO
- Phone
- 4254453507
- Signed
- 2024-10-28
Organization Details
- Principal Officer
- Christian Johanneson
- Formed
- 2023
- Legal Domicile
- Wa
- Voting Board Members
- 4
- Independent Board Members
- 2
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- AMG National Trust Bank
- Address
- 6295 Greenwood Plaza Blvd, Greenwood Village, CO 80111-4908
- Preparer
- Sheri Sexton CPA
- Phone
- 3036942190
Supplemental Narrative
Additional Explanations
Form 990 Part I Line 1
“The Valhalla Fund's mission is to provide hope and support to individuals and families affected by Pulmonary Fibrosis while promoting awareness and advancing research toward finding a cure.”
Form 990 Part III Line 1
“The Valhalla Fund's mission is to provide hope and support to individuals and families affected by Pulmonary Fibrosis while promoting awareness and advancing research toward finding a cure. Through compassionate care, education, and advocacy, they strive to improve the quality of life for those affected by this disease and work towards a future where Pulmonary Fibrosis is no longer a threat.”
Form 990, Part IX, line 11G
“FUNDRAISING FEES: Program service expenses 4,329. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,329. PROFESSIONAL FEES: Program service expenses 4,963. Management and general expenses 551. Fundraising expenses 0. Total expenses 5,514.”
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Valhalla Vessels - The Valhalla Fund offers a unique experience to visitors and locals alike. Whether you're looking to explore the beauty of Puget Sound, or are seeking an unforgettable fishing adventure, their team is eager to take you there. They operate on a donation-based system, making sure that everyone has access to the serenity and excitement of the water. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Valhalla Fund's mission is to provide hope and support to individuals and families affected by Pulmonary Fibrosis while promoting awareness and advancing research toward finding a cure. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The Valhalla Fund's mission is to provide hope and support to individuals and families affected by Pulmonary Fibrosis while promoting awareness and advancing research toward finding a cure. Through compassionate care, education, and advocacy, they strive to improve the quality of life for those affected by this disease and work towards a future where Pulmonary Fibrosis is no longer a threat. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | John "Jack" Johanneson (Board Member) is the son of Christian Johanneson (CEO). Alice Johanneson is the wife of Christian Johanneson. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The organization's governing documents and financial statements are available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The purpose of The Valhalla Fund Conflict of Interest Policy is to protect the tax-exempt organization when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the organization or might result in a possible excess benefit transaction. To ensure The Valhalla Fund operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. Whether partnerships, joint ventures, and arrangements with management organizations conform to The Valhalla Fund's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit, or in an excess benefit transaction. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | The organization's governing documens and financial statements are available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | FUNDRAISING FEES: Program service expenses 4,329. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,329. PROFESSIONAL FEES: Program service expenses 4,963. Management and general expenses 551. Fundraising expenses 0. Total expenses 5,514. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990 Part I Line 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990 PART III LINE 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part IX, line 11g |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsEOYAmt | 0 | 113464 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 113464 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 178149 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 11727 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 61974 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 73701 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 6566 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 6566 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 106898 |
| IRS990/TotalOtherCompensationAmt | 0 | 10113 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 61974 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 2450 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 180599 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 113464 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 6397 |
| IRS990/TravelGrp/TotalAmt | 0 | 6397 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 22220 HIGH BRIDGE RD |
| IRS990/USAddress/CityNm | 0 | MONROE |
| IRS990/USAddress/StateAbbreviationCd | 0 | WA |
| IRS990/USAddress/ZIPCd | 0 | 98272 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 4 |
| IRS990/VotingMembersIndependentCnt | 0 | 2 |
| IRS990/WebsiteAddressTxt | 0 | thevalhallafund.org |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHRISTIAN JOHANNESON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4254453507 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-10-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE VALHALLA FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VALH |
| ReturnHeader/Filer/EIN | 0 | 921700871 |
| ReturnHeader/Filer/PhoneNum | 0 | 4254453507 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 22220 HIGH BRIDGE RD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MONROE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 98272 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 841595367 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | AMG National Trust Bank |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 6295 Greenwood Plaza Blvd |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Greenwood Village |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 801114908 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3036942190 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Sheri Sexton CPA |
| ReturnHeader/ReturnTs | 0 | 2024-10-28T08:20:55-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $113,464
- Liabilities
- $6,566
- Net assets
- $106,898
- Revenue
- $180,599
- Expenses
- $73,701
- Net income
- $106,898
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Facts available. Structured filing facts are available, but richer extracted sections are limited. | $1.04 | $0.09 | $0.95 | $1.20 | $1.32 | $0.12 |
| 2023Detailed filing. Detailed filing data is available for this year. | $1.13 | $0.07 | $1.07 | $1.81 | $0.74 | $1.07 |