Civic Intelligence

Valleyfest

990EZ • Fiscal year 2021 • EIN 94-3152294

Jan 01, 2021 to Dec 31, 2021 • Filed on May 12, 2022

P O Box 368Veradale, WA 99037

(509) 922-3299

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

33rd percentile

-1.4%

Higher net margin than 33% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$10,000

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

37th percentile

-1.5%

Faster asset growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

25th percentile

-31%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$63,899

Down $986 (-1.5%) from 2020

Net Assets

$63,899

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2020

Revenue

Down

$88,256

Down $40,567 (-31%) from 2020

Expenses

Up

$89,462

Up $5,714 (+6.8%) from 2020

Net Income

Down

-$1,206

Down $46,281 (-103%) from 2020

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2011: $25,416Net Assets 2011: $25,4162011Assets 2012: $23,168Net Assets 2012: $23,1682012Assets 2013: $32,958Liabilities 2013: $1,730Net Assets 2013: $31,2282013Assets 2014: $48,519Liabilities 2014: $2872014Assets 2015: $40,876Liabilities 2015: $7102015Assets 2016: $23,992Liabilities 2016: $9022016Assets 2017: $28,268Liabilities 2017: $9252017Assets 2018: $37,783Liabilities 2018: $02018Assets 2019: $17,810Liabilities 2019: $02019Assets 2020: $64,885Liabilities 2020: $02020Assets 2021: $63,899Liabilities 2021: $0Net Assets 2021: $63,8992021Assets 2022: $56,967Liabilities 2022: $0Net Assets 2022: $56,9672022Assets 2023: $51,698Liabilities 2023: $0Net Assets 2023: $51,6982023Assets 2024: $41,912Liabilities 2024: $0Net Assets 2024: $41,9122024Assets 2025: $27,102Liabilities 2025: $0Net Assets 2025: $27,1022025

Highlighted filing

2021

Assets$63,899
Liabilities$0
Net Assets$63,899

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $134,575Expenses 2011: $126,282Net Income 2011: $8,2932011Revenue 2012: $162,262Expenses 2012: $164,560Net Income 2012: -$2,2982012Revenue 2013: $196,093Expenses 2013: $188,033Net Income 2013: $8,0602013Revenue 2014: $186,713Expenses 2014: $169,709Net Income 2014: $17,0042014Revenue 2015: $192,792Expenses 2015: $200,148Net Income 2015: -$7,3562015Revenue 2016: $173,605Expenses 2016: $189,779Net Income 2016: -$16,1742016Revenue 2017: $195,329Expenses 2017: $190,151Net Income 2017: $5,1782017Revenue 2018: $199,325Expenses 2018: $189,192Net Income 2018: $10,1332018Revenue 2019: $163,038Expenses 2019: $219,135Net Income 2019: -$56,0972019Revenue 2020: $128,823Expenses 2020: $83,748Net Income 2020: $45,0752020Revenue 2021: $88,256Expenses 2021: $89,462Net Income 2021: -$1,2062021Revenue 2022: $183,516Expenses 2022: $190,448Net Income 2022: -$6,9322022Revenue 2023: $194,188Expenses 2023: $199,457Net Income 2023: -$5,2692023Revenue 2024: $171,737Expenses 2024: $181,523Net Income 2024: -$9,7862024Revenue 2025: $162,489Expenses 2025: $177,299Net Income 2025: -$14,8102025

Highlighted filing

2021

Revenue$88,256
Expenses$89,462
Net Income-$1,206
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 12, 2022
Return Version
2021v4.2
Gross Receipts
$88,256
Mission and Program Overview

Mission

03. PART III. WHAT IS THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE? The Valleyfest mission is to produce community driven, safe, family oriented, visually dramatic festivals and events. Valleyfest showcases the talent that enriches the Spokane Valley Region and celebrates the visual and performing arts, education and recreation for the entire community to enjoy.

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
VALLEYFEST. SPOKANE VALLEY PREMIER FESTIVAL-$35,134
MISS SPOKANE VALLEY SEE SCHEDULE O.-$8,832
VALLEYFEST CYCLE CELEBRATION. ONE DAY EVENT CELEBRATES SPOKANE VALLEY INCORPORATION. EVENT ENCOURAGES YOUNG AND EXPERIENCED RIDERS TO PARTICIPATE IN CYCLING. EVENT ATTRACTS 200.-$4,690
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PEGGY DOERINGExecutive DirectorFT$10,000-$10,000
CLAUDE R WILHITEBoard PresidentPT$0--
STEVE FLORENCEBoard Vice President-$0--
GAIL BONGIOVANNIBoard Secretary-$0--
RORY HENNEBERGBoard Treasurer-$0--
JUDY LIPPMANBoard Member-$0--
STEPHANIE HUGHESBoard Member-$0--
SHIRENE YOUNGBoard Member-$0--
KATRINA NEBELBoard Member-$0--
CARRIE ANN HOAGBoard Member-$0--
MARCIA ASMUSSENBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Valleyfest
EIN
94-3152294
Address
P O BOX 368, Veradale, WA 99037

Signing Officer

Name
Claude R Wilhite
Title
Board President
Phone
5099223299
Signed
2022-05-12
Discuss with paid preparer
Yes

Preparer

Firm
Michael R Jones PLLC
Address
508 N 13th St, Boise, ID 83702
Preparer
Michael R Jones
Phone
2083857400
Supplemental Narrative

Additional Explanations

List of grants and similar amounts paid Part I line 10

Activity ValleyFest Childrens Foundation Amount 2,141

Description of other expenses Part I line 16

Description AmountVALLEYFEST CYCLE CELEBRATION 830MISS SPOKANE VALLEY AND FLOAT 8,832BOOTH EXPENSES REFUNDS 9,728MULTI-SPORT WEEKEND EVENTS 1,302VALLEYFEST MISC. EXPENSES 4,812VOLUNTEER/EMPLOYEE/SPONSOR 727OFFICE EXPENSES OTHER 3,644

Other changes in net assets or fund balances Part I line 20

Description AmountAccounting error 220

Part I response or note to any other line in Part I

990 EZ Part I Line 10: Additional response Each year, the Valleyfest Childrens Foundation provides small grants to enrich the lives of students interested in pursuing an activity in the arts, culture , science or math. The grants are intended to support students success with financial support to do so something that their family might otherwise be unable to afford. In 2021, the Valleyfest Childrens Foundation issued grants in the amount of $2,141.

Part III response or note to any other line in Part III

990ez part iii, line 29miss spokane valley. Valleyfest begins the event year with the valleyfest miss spokane valley leadership program open to all young women in their sophmore/junior year of high school. This program features a series of career workshops that include interview skills, marketing, networking, public speaking and resume writing. The royal court normally appears at a variety of community events during their year of service including the spokane lilac festival, torchlight parade, valleyfest hearts of gold parade, the spokane valley rotary clubs annual christmas tree lighting and much more. In addition the miss spokane valley event has acquired a drivable float platform and is in the process of refurbishing the float to an operational level in order to participate in 990ez part iii line 29 continuedin regional parades in 2022. Miss spokane valley royalty act as ambassadors for the city of spokane valley as well as at valleyfest. Part of this years expenses for the miss spokane valley event are costs for the float.990ez, part iii line 30. Valleyfest event. Valleyfest was founded in 1980 as a way to expose children to the benefits of art, science, nature and recreation. Valleyfest has since evlolved into a multi-faceted event showcasing the people and places that are the heart of spokane valley. The first event is the miss spokane valley which is detailed in part iii line 29 above. This event is followed in july by the valleyfest sponsored cycle celebration described on form 990ez part iii line 29. Cycle celebration encourages young and form 990ez, part iii line 30 continuedold to enjoy biking and celebrate the incorporation of spokane valley in 2003. Wrapping up in september, valleyfest kicks off the 3-day community event with the hearts of gold parade down main street of spokane valley. The parade draws as many as 10,000 spectators. The next day, valleyfest, the premier community festival in spokane valley invites visitors to begin the day with a pancake breakfast, then wander through the car show featuring a wide variety of beautiflully restored classic autos as well as the latest models. If the youngsters in the family want to learn how to fish, valleyfest offers fishing at the falls, a very popular event for kids and parents. In mirabeau park, adults and children have their pick of live entertainment on three 990ez, part iii, line 30 continuedstages. With over 200 local, regional and national vendors, our visitors have the opportunity to visit with other non-profit organizations, buy a local craft item or enjoy food from one of the several food vendors. If your faily is athletic, valleyfest has a 5k/10k run, a triathlon and family bike ride to name but a few activities. Robotics, stem & astronomy participation events keep the young mind as well as adults busy and engaged. The two day vallyfest event draws over 30,000 visitors to the festivites held at the city of spokane valley regional centerplace building and mirabeau park.

Part IV response or note to any line in Part IV

990ez, part iv: tim lane board member. 1 hour per week devoted to position.

Raw XML Appendix223 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountVALLEYFEST CYCLE CELEBRATION 830MISS SPOKANE VALLEY AND FLOAT 8,832BOOTH EXPENSES REFUNDS 9,728MULTI-SPORT WEEKEND EVENTS 1,302VALLEYFEST MISC. EXPENSES 4,812VOLUNTEER/EMPLOYEE/SPONSOR 727OFFICE EXPENSES OTHER 3,644
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountAccounting error 220
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3990 EZ Part I Line 10: Additional response Each year, the Valleyfest Childrens Foundation provides small grants to enrich the lives of students interested in pursuing an activity in the arts, culture , science or math. The grants are intended to support students success with financial support to do so something that their family might otherwise be unable to afford. In 2021, the Valleyfest Childrens Foundation issued grants in the amount of $2,141.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4990EZ PART III, LINE 29MISS SPOKANE VALLEY. VALLEYFEST BEGINS THE EVENT YEAR WITH THE VALLEYFEST MISS SPOKANE VALLEY LEADERSHIP PROGRAM OPEN TO ALL YOUNG WOMEN IN THEIR SOPHMORE/JUNIOR YEAR OF HIGH SCHOOL. THIS PROGRAM FEATURES A SERIES OF CAREER WORKSHOPS THAT INCLUDE INTERVIEW SKILLS, MARKETING, NETWORKING, PUBLIC SPEAKING AND RESUME WRITING. THE ROYAL COURT NORMALLY APPEARS AT A VARIETY OF COMMUNITY EVENTS DURING THEIR YEAR OF SERVICE INCLUDING THE SPOKANE LILAC FESTIVAL, TORCHLIGHT PARADE, VALLEYFEST HEARTS OF GOLD PARADE, THE SPOKANE VALLEY ROTARY CLUBS ANNUAL CHRISTMAS TREE LIGHTING AND MUCH MORE. IN ADDITION THE MISS SPOKANE VALLEY EVENT HAS ACQUIRED A DRIVABLE FLOAT PLATFORM AND IS IN THE PROCESS OF REFURBISHING THE FLOAT TO AN OPERATIONAL LEVEL IN ORDER TO PARTICIPATE IN 990EZ PART III LINE 29 CONTINUEDIN REGIONAL PARADES IN 2022. MISS SPOKANE VALLEY ROYALTY ACT AS AMBASSADORS FOR THE CITY OF SPOKANE VALLEY AS WELL AS AT VALLEYFEST. PART OF THIS YEARS EXPENSES FOR THE MISS SPOKANE VALLEY EVENT ARE COSTS FOR THE FLOAT.990EZ, PART III LINE 30. VALLEYFEST EVENT. VALLEYFEST WAS FOUNDED IN 1980 AS A WAY TO EXPOSE CHILDREN TO THE BENEFITS OF ART, SCIENCE, NATURE AND RECREATION. VALLEYFEST HAS SINCE EVLOLVED INTO A MULTI-FACETED EVENT SHOWCASING THE PEOPLE AND PLACES THAT ARE THE HEART OF SPOKANE VALLEY. THE FIRST EVENT IS THE MISS SPOKANE VALLEY WHICH IS DETAILED IN PART III LINE 29 ABOVE. THIS EVENT IS FOLLOWED IN JULY BY THE VALLEYFEST SPONSORED CYCLE CELEBRATION DESCRIBED ON FORM 990EZ PART III LINE 29. CYCLE CELEBRATION ENCOURAGES YOUNG AND FORM 990EZ, PART III LINE 30 CONTINUEDOLD TO ENJOY BIKING AND CELEBRATE THE INCORPORATION OF SPOKANE VALLEY IN 2003. WRAPPING UP IN SEPTEMBER, VALLEYFEST KICKS OFF THE 3-DAY COMMUNITY EVENT WITH THE HEARTS OF GOLD PARADE DOWN MAIN STREET OF SPOKANE VALLEY. THE PARADE DRAWS AS MANY AS 10,000 SPECTATORS. THE NEXT DAY, VALLEYFEST, THE PREMIER COMMUNITY FESTIVAL IN SPOKANE VALLEY INVITES VISITORS TO BEGIN THE DAY WITH A PANCAKE BREAKFAST, THEN WANDER THROUGH THE CAR SHOW FEATURING A WIDE VARIETY OF BEAUTIFLULLY RESTORED CLASSIC AUTOS AS WELL AS THE LATEST MODELS. IF THE YOUNGSTERS IN THE FAMILY WANT TO LEARN HOW TO FISH, VALLEYFEST OFFERS FISHING AT THE FALLS, A VERY POPULAR EVENT FOR KIDS AND PARENTS. IN MIRABEAU PARK, ADULTS AND CHILDREN HAVE THEIR PICK OF LIVE ENTERTAINMENT ON THREE 990EZ, PART III, LINE 30 CONTINUEDSTAGES. WITH OVER 200 LOCAL, REGIONAL AND NATIONAL VENDORS, OUR VISITORS HAVE THE OPPORTUNITY TO VISIT WITH OTHER NON-PROFIT ORGANIZATIONS, BUY A LOCAL CRAFT ITEM OR ENJOY FOOD FROM ONE OF THE SEVERAL FOOD VENDORS. IF YOUR FAILY IS ATHLETIC, VALLEYFEST HAS A 5K/10K RUN, A TRIATHLON AND FAMILY BIKE RIDE TO NAME BUT A FEW ACTIVITIES. ROBOTICS, STEM & ASTRONOMY PARTICIPATION EVENTS KEEP THE YOUNG MIND AS WELL AS ADULTS BUSY AND ENGAGED. THE TWO DAY VALLYFEST EVENT DRAWS OVER 30,000 VISITORS TO THE FESTIVITES HELD AT THE CITY OF SPOKANE VALLEY REGIONAL CENTERPLACE BUILDING AND MIRABEAU PARK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5990EZ, PART IV: TIM LANE BOARD MEMBER. 1 HOUR PER WEEK DEVOTED TO POSITION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part I response or note to any other line in Part I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part III response or note to any other line in Part III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part IV response or note to any line in Part IV
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$1.62$1.77$0.15
2024Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$1.72$1.82$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$1.94$1.99$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$1.84$1.90$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.88$0.89$0.01
2020Summary only. Only limited summary data is available for this year.$0.65$0.00$1.29$0.84$0.45
2019Summary only. Only limited summary data is available for this year.$0.18$0.00$1.63$2.19$0.56
2018Summary only. Only limited summary data is available for this year.$0.38$0.00$1.99$1.89$0.10
2017Summary only. Only limited summary data is available for this year.$0.28$0.01$1.95$1.90$0.05
2016Summary only. Only limited summary data is available for this year.$0.24$0.01$1.74$1.90$0.16
2015Summary only. Only limited summary data is available for this year.$0.41$0.01$1.93$2.00$0.07
2014Summary only. Only limited summary data is available for this year.$0.49$0.00$1.87$1.70$0.17
2013Detailed filing. Detailed filing data is available for this year.$0.33$0.02$0.31$1.96$1.88$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.23$1.62$1.65$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.25$1.35$1.26$0.08