Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
37th percentile
Higher net margin than 37% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 5.1% of source-year revenue.
Asset Growth
33rd percentile
Faster asset growth than 33% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
Assets
Down$51,698
Down $5,269 (-9.2%) from 2022
Net Assets
Down$51,698
Down $5,269 (-9.2%) from 2022
Liabilities
Flat$0
Flat from 2022
Revenue
Up$194,188
Up $10,672 (+5.8%) from 2022
Expenses
Up$199,457
Up $9,009 (+4.7%) from 2022
Net Income
Up-$5,269
Up $1,663 (+24%) from 2022
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.
Educational See SCHEDULE O
| Description | Grants | Expenses |
|---|---|---|
| VALLEYFEST. SPOKANE VALLEY PREMIER FESTIVAL SEE SCHEDULE 0 | - | $130,029 |
| MISS SPOKANE VALLEY LEADERSHIP EVENT SEE SCHEDULE 0 | - | $4,269 |
| VALLEYFEST CYCLE CELEBRATION. ONE DAY EVENT CELEBRATES SPOKANE VALLEY INCORPORATION. OVER 250 YOUNG AND EXPERIENCED RIDERS RODE IN 25, AND 50 MILE AND FAMILY RIDES. | - | $4,009 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| PEGGY DOERING | Executive Director | FT | $10,000 | - | $10,000 |
| CLAUD R WILHITE | Board President | PT | $0 | - | - |
| GAIL BONGIOVANNI | Board Vice President | - | $0 | - | - |
| MARCIA ASMUSSEN | Board Secretary | - | $0 | - | - |
| RORY HENNEBERG | Board Treasurer | - | $0 | - | - |
| JUDY LIPPMAN | Board Member | - | $0 | - | - |
| TIM LANE | Board Member | - | $0 | - | - |
| PHILLIP HANNAWALT | Board Member | - | $0 | - | - |
| CAROL CARTER | Board Member | - | $0 | - | - |
| STEVE FLORENCE | Board Member | - | $0 | - | - |
| EVETTE WILLIE | Board Member | - | $0 | - | - |
| KAREN WHITMAN | Board Member | - | $0 | - | - |
| TOMMY WHITMAN | Board Member | - | $0 | - | - |
| SHIRENE YOUNG | Board Member | - | $0 | - | - |
“This form 990ez is prepared by an outside tax preparation firm based on financial information provided by the president and treasurer.”
“Activity ValleyFest Childrens Foundation Relationship VALLEYFEST SPONSORS Amount 666Activity VALLEYFEST CYCLE CELEBRATION”
“Description AmountVALLEYFEST CYCLE CELEBRATION 3,964MISS SPOKANE VALLEY LEADERSHIP EVEN 4,269VALLEYFEST PREMIER EVENT MARKETING 34,808VALLEYFEST TRAVEL EXPENSES 119VALLEYFEST BOOTH REFUNDS & EXPENSES 775VALLEYFEST CAR SHOW EXPENSES 741EQUIPMENT RENTAL 15,417MULTI-SPORT WEEKED EVENT 8,658MISCELLANEOUS EVENT EXPENSES 9,291VOLUNTEER/EMPLOYEE/SPONSOR EXPENSES 2,698VALLEYFEST PARADE EXPENSES 847VALLEYFEST OFFICE EXPENSES 6,266”
“990 EZ Part I Line 10: Additional response Each year, Valleyfest Childrens Foundation provides small grants to students interested in the arts, culture, science or math. The grants are intended to provide aid to support student success with financial support to do something their family might not otherwise be able to afford.”
“990EZ PART III, LINE 28MISS 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 THE FLOAT PHAS GIVEN VALLEYFEST THE ABILITY TO PARTICIPATE IN MANY OTHER PARADES THROUGHOUT THE REGION IN 2023. 990EZ PART III LINE 28 CONTINUED MISS SPOKANE VALLEY ROYALTY ACT AS AMBASSADORS FOR THE CITY OF SPOKANE VALLEY AS WELL AS AT VALLEYFEST. PART OF THIS 2023 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 EVOLVED 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 LEADERSHIP EVENT WHICH IS DETAILED IN PART III LINE 28 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 29 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 FAMILY IS ATHLETIC, VALLEYFEST HAS A 5K/10K RUN, A TRIATHLON AND FAMILY BIKE RIDE TO NAME BUT A FEW ACTIVITIES. ROBOTICS, STEAM & ASTRONOMY PARTICIPATION EVENTS KEEP THE YOUNG MIND AS WELL AS ADULTS BUSY AND ENGAGED. YEAR 2022 ALSO FEATURED A MULTICULTURAL EVENT DESIGNED TO SHARE OUR DIVERSE RICH CULTURES AND HERITAGES WITH OUR NEIGHBORS THROUGH DANCE, ART, MUSIC, FASHION FOOD AND BUSINESSES. YEAR 2023 ALSO FEATURED AN EXPANDED TWO DAY MULTICULTURAL EVENT DESIGNED TO CELEBRATE AND SHARE OUR DIVERSE RICH CULTURES AND HERITGAGES WITH LINE 30 PART IIIOUR NEIGHBORS THROUGH DANCE, ART, MUSIC, FASHION, FOOD AND BUSINESSES. SUNDAY BEGINS THE DAY WITH A PANCAKE BREAKFAST, THEN OUR VISITORS CAN WANDER THROUGH THE CAR SHOW FEATURING A WIDE VARIETY OF BEAUTIFULLY RESTORED CLASSIC AUTOS AS WELL AS THE LATEST MODELS. IF YOUR FAMILY IS ATHLETIC, VALLEYFEST HAS A 5K/10K TIMED RUN, A TRIATHLON AND A FAMILY BIKE RIDE TO NAME BUT A FEW ACTIVITIES. VALLEYFEST, THE TWO-DAY EVENT ANNUALLY DRAWS OVER 30,000 VISITORS TO THE FESTIVITIES HELD AT THE CITY OF SPOKANE VALLEY CENTERPLACE EVENT CENTER AND THE BEAUTIFUL MIRABEAU PARK. Part III What is organizations primary purposeTHE VALLEYFEST MISSION IS TO PRODUCE COMMUNITY DRIVEN SAFE FAMILY ORIENTED, VISUALLY DRAMATIC FESTIVALS AND EVENTS. VALLEYFEST EXPOSES THE TALENT THAT ENRICHES THE SPOKANE VALLEY REGION AND CELEBRATES THE VISUAL ANND PERFORMING ARTS, EDUCATION, SC”
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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| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
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| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | PEGGY DOERING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | CLAUD R WILHITE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | GAIL BONGIOVANNI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | MARCIA ASMUSSEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | RORY HENNEBERG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | JUDY LIPPMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | TIM LANE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | PHILLIP HANNAWALT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | CAROL CARTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 9 | STEVE FLORENCE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 10 | EVETTE WILLIE |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | VALLEYFEST. SPOKANE VALLEY PREMIER FESTIVAL SEE SCHEDULE 0 |
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| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 789316 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THIS FORM 990EZ IS PREPARED BY AN OUTSIDE TAX PREPARATION FIRM BASED ON FINANCIAL INFORMATION PROVIDED BY THE PRESIDENT AND TREASURER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Activity ValleyFest Childrens Foundation Relationship VALLEYFEST SPONSORS Amount 666Activity VALLEYFEST CYCLE CELEBRATION |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description AmountVALLEYFEST CYCLE CELEBRATION 3,964MISS SPOKANE VALLEY LEADERSHIP EVEN 4,269VALLEYFEST PREMIER EVENT MARKETING 34,808VALLEYFEST TRAVEL EXPENSES 119VALLEYFEST BOOTH REFUNDS & EXPENSES 775VALLEYFEST CAR SHOW EXPENSES 741EQUIPMENT RENTAL 15,417MULTI-SPORT WEEKED EVENT 8,658MISCELLANEOUS EVENT EXPENSES 9,291VOLUNTEER/EMPLOYEE/SPONSOR EXPENSES 2,698VALLEYFEST PARADE EXPENSES 847VALLEYFEST OFFICE EXPENSES 6,266 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 990 EZ Part I Line 10: Additional response Each year, Valleyfest Childrens Foundation provides small grants to students interested in the arts, culture, science or math. The grants are intended to provide aid to support student success with financial support to do something their family might not otherwise be able to afford. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 990EZ PART III, LINE 28MISS 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 THE FLOAT PHAS GIVEN VALLEYFEST THE ABILITY TO PARTICIPATE IN MANY OTHER PARADES THROUGHOUT THE REGION IN 2023. 990EZ PART III LINE 28 CONTINUED MISS SPOKANE VALLEY ROYALTY ACT AS AMBASSADORS FOR THE CITY OF SPOKANE VALLEY AS WELL AS AT VALLEYFEST. PART OF THIS 2023 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 EVOLVED 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 LEADERSHIP EVENT WHICH IS DETAILED IN PART III LINE 28 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 29 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 FAMILY IS ATHLETIC, VALLEYFEST HAS A 5K/10K RUN, A TRIATHLON AND FAMILY BIKE RIDE TO NAME BUT A FEW ACTIVITIES. ROBOTICS, STEAM & ASTRONOMY PARTICIPATION EVENTS KEEP THE YOUNG MIND AS WELL AS ADULTS BUSY AND ENGAGED. YEAR 2022 ALSO FEATURED A MULTICULTURAL EVENT DESIGNED TO SHARE OUR DIVERSE RICH CULTURES AND HERITAGES WITH OUR NEIGHBORS THROUGH DANCE, ART, MUSIC, FASHION FOOD AND BUSINESSES. YEAR 2023 ALSO FEATURED AN EXPANDED TWO DAY MULTICULTURAL EVENT DESIGNED TO CELEBRATE AND SHARE OUR DIVERSE RICH CULTURES AND HERITGAGES WITH LINE 30 PART IIIOUR NEIGHBORS THROUGH DANCE, ART, MUSIC, FASHION, FOOD AND BUSINESSES. SUNDAY BEGINS THE DAY WITH A PANCAKE BREAKFAST, THEN OUR VISITORS CAN WANDER THROUGH THE CAR SHOW FEATURING A WIDE VARIETY OF BEAUTIFULLY RESTORED CLASSIC AUTOS AS WELL AS THE LATEST MODELS. IF YOUR FAMILY IS ATHLETIC, VALLEYFEST HAS A 5K/10K TIMED RUN, A TRIATHLON AND A FAMILY BIKE RIDE TO NAME BUT A FEW ACTIVITIES. VALLEYFEST, THE TWO-DAY EVENT ANNUALLY DRAWS OVER 30,000 VISITORS TO THE FESTIVITIES HELD AT THE CITY OF SPOKANE VALLEY CENTERPLACE EVENT CENTER AND THE BEAUTIFUL MIRABEAU PARK. Part III What is organizations primary purposeTHE VALLEYFEST MISSION IS TO PRODUCE COMMUNITY DRIVEN SAFE FAMILY ORIENTED, VISUALLY DRAMATIC FESTIVALS AND EVENTS. VALLEYFEST EXPOSES THE TALENT THAT ENRICHES THE SPOKANE VALLEY REGION AND CELEBRATES THE VISUAL ANND PERFORMING ARTS, EDUCATION, SC |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | General explanation attachment |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | List of grants and similar amounts paid Part I line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part I response or note to any other line in Part I |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part III response or note to any other line in Part III |
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| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.