Civic Intelligence

Valley Vision Inc.

990 • Fiscal year 2017 • EIN 94-3214572

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 03, 2018

2320 BroadwaySacramento, CA 95818

(916) 325-1630

Siviq Scores

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

Liabilities / Assets

84th percentile

0.61x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.23x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

50th percentile

3.2%

Higher net margin than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$237,021

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

85th percentile

29%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

33rd percentile

-1.7%

Faster revenue growth than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$774,235

Up $173,399 (+29%) from 2016

Net Assets

Up

$303,219

Up $64,155 (+27%) from 2016

Liabilities

Up

$471,016

Up $109,244 (+30%) from 2016

Revenue

Down

$2,035,927

Down $35,006 (-1.7%) from 2016

Expenses

Down

$1,971,772

Down $1,166 (-0.1%) from 2016

Net Income

Down

$64,155

Down $33,840 (-35%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $917,501Liabilities 2011: $647,829Net Assets 2011: $269,6722011Assets 2012: $1,015,709Liabilities 2012: $692,773Net Assets 2012: $322,9362012Assets 2013: $809,812Liabilities 2013: $484,293Net Assets 2013: $325,5192013Assets 2014: $1,036,286Liabilities 2014: $750,124Net Assets 2014: $286,1622014Assets 2015: $618,048Liabilities 2015: $458,426Net Assets 2015: $159,6222015Assets 2016: $600,836Liabilities 2016: $361,772Net Assets 2016: $239,0642016Assets 2017: $774,235Liabilities 2017: $471,016Net Assets 2017: $303,2192017Assets 2018: $793,610Liabilities 2018: $432,736Net Assets 2018: $360,8742018Assets 2019: $1,136,021Liabilities 2019: $569,197Net Assets 2019: $566,8242019Assets 2020: $3,765,516Liabilities 2020: $2,736,339Net Assets 2020: $1,029,1772020Assets 2021: $1,459,627Liabilities 2021: $309,052Net Assets 2021: $1,150,5752021Assets 2022: $2,130,228Liabilities 2022: $1,027,616Net Assets 2022: $1,102,6122022Assets 2023: $4,042,868Liabilities 2023: $2,894,237Net Assets 2023: $1,148,6312023Assets 2024: $6,505,736Liabilities 2024: $5,155,293Net Assets 2024: $1,350,4432024

Highlighted filing

2017

Assets$774,235
Liabilities$471,016
Net Assets$303,219

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $1,567,531Expenses 2011: $1,565,255Net Income 2011: $2,2762011Revenue 2012: $1,795,920Expenses 2012: $1,742,656Net Income 2012: $53,2642012Revenue 2013: $1,589,630Expenses 2013: $1,587,047Net Income 2013: $2,5832013Revenue 2014: $1,345,625Expenses 2014: $1,384,982Net Income 2014: -$39,3572014Revenue 2015: $2,145,666Expenses 2015: $2,233,133Net Income 2015: -$87,4672015Revenue 2016: $2,070,933Expenses 2016: $1,972,938Net Income 2016: $97,9952016Revenue 2017: $2,035,927Expenses 2017: $1,971,772Net Income 2017: $64,1552017Revenue 2018: $2,049,913Expenses 2018: $2,018,654Net Income 2018: $31,2592018Revenue 2019: $2,457,094Expenses 2019: $2,251,144Net Income 2019: $205,9502019Revenue 2020: $13,896,991Expenses 2020: $13,434,638Net Income 2020: $462,3532020Revenue 2021: $4,632,311Expenses 2021: $4,510,913Net Income 2021: $121,3982021Revenue 2022: $3,489,872Expenses 2022: $3,537,835Net Income 2022: -$47,9632022Revenue 2023: $12,833,454Expenses 2023: $12,787,435Net Income 2023: $46,0192023Revenue 2024: $12,228,805Expenses 2024: $12,026,993Net Income 2024: $201,8122024

Highlighted filing

2017

Revenue$2,035,927
Expenses$1,971,772
Net Income$64,155
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 3, 2018
Return Version
2017v2.2
Gross Receipts
$2,115,515
Mission and Program Overview

Mission

Valley Vision is an objective, nonpartisan "Action Tank" committed to regional problem solving and impartial research for sound decision-making.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$366,136$370,865▲ $4,729
Cash and Non-Interest-Bearing Accounts$133,981$256,625▲ $122,644
Savings and Temporary Cash Investments$75,164$125,368▲ $50,204
Prepaid Expenses and Deferred Charges$22,941$19,807▼ $3,134
Land, Buildings, and Equipment, Net$2,614$1,570▼ $1,044
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$600,836$774,235▲ $173,399
Other Assets Total-$0-
Liabilities
Deferred Revenue$131,811$195,955▲ $64,144
Other Liabilities$146,509$194,582▲ $48,073
Accounts Payable and Accrued Expenses$83,452$80,479▼ $2,973
Total Liabilities$361,772$471,016▲ $109,244
Net Assets / Fund Balance
Unrestricted Net Assets$114,064$293,219▲ $179,155
Temporarily Rstr Net Assets$125,000$10,000▼ $115,000
Total Net Assets Fund Balance$239,064$303,219▲ $64,155
Total Liabilities and Net Assets / Fund Balance$600,836$774,235▲ $173,399

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,570$53,088$54,658
Leasehold Improvements-$45,665$45,665
Other Land Buildings-$31,880$31,880
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William MuellerCEOFT$205,633$20,885$237,021
Meg ArnoldManaging DirectorFT$140,000$25,600$155,097
Trish KellyVice-PresidentFT$129,300-$129,300

Board Members and Trustees

NameTitle
Keri ThomasChair person
Gayle Garbolino-MojicaEvents Chair
Jose HermocilloPast chair
Scott Shapirovice chair
Andy WongBoard Member
Arlen OrchardBoard Member
Brian KingBoard Member
Bryan MericaBoard Member
Charlie DownsBoard Member
Chet HewittBoard Member
Colin TwomeyBoard Member
Edmundo CastanedaBoard Member
Fred MendezBoard Member
Garry MaiselBoard Member
George ClaireBoard Member
Gordon FowlerBoard Member
Jacquelyn D LewisBoard Member
Jeff CollinsBoard Member
Linda CutlerBoard Member
Louise WalkerBoard Member
Michael MarionBoard Member
Naaz AlikhanBoard Member
Pamela EibeckBoard Member
Ralph HexterBoard Member
Randy SaterBoard Member
Robert S NelsenBoard Member
Scott SyphaxBoard Member
Shawn HarrisonBoard Member
William DuncanBoard Member
Tim JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,221,487
Program Service Revenue
$866,702
Investment Income
$892
Other Revenue
$-53,154
All Other Contributions
$955,081
Change in Net Assets
$64,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,035,927
Revenue Not Reported on Form 990
$79,588
Total Revenue per Audited Statements
$2,115,515
Total Revenue per Form 990
$2,035,927
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,250,203
Other Expenses$721,569
Total Fundraising Expense$22,148
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$398,148$403,322$5,155$806,625
Fees for Services Other$267,993$79,685$5,032$352,710
Current Officers, Directors, Trustees, and Key Employees$123,251$113,770-$237,021
Other Employee Benefits$11,039$106,442$190$117,671
Occupancy$57,185$38,673$4,426$100,284
Fees for Services Accounting$45,344$44,836$4,164$94,344
Payroll Taxes$44,384$44,124$378$88,886
Conferences and Meetings$21,405$42,221-$63,626
Information Technology$16,798$17,597$1,588$35,983
Travel$12,387$12,522-$24,909
Office Expenses$9,803$4,955$681$15,439
Insurance$2,475$2,847$246$5,568
Advertising$1,365$3,470$20$4,855
Depreciation Depletion$838$963$83$1,884
Other Expenses$53$170$185$170
Total Functional Expenses$1,024,707$924,917$22,148$1,971,772

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,051,360
Expenses per Audited Statements$1,971,772
Total Expenses per Form 990$1,971,772
Expenses Not Reported on Form 990$79,588
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$79,588
Fundraising Gross Income$26,434
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Feast$117,082$26,434$47,611$-21,177
Total Events$117,082$26,434$79,588$-53,154
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gordon FowlerBoard MemberPayment to 3FoldNo$3,040

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held in Trust$194,582
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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, Line 11B: Form 990 Review Process

The Organizations CEO, Board Treasurer, and top financial official all review the 990 prior to filing. After the return has been filed, it is circulated to the entire board.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Prior to hiring or promotion action, the Chairperson of the board and the Executive Committee conduct a market study of CEO Pay based on scope and performance requirements.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Prior to hiring or promotion action, the CEO conducts a market study of senior level pay for key employees based on scope and performance requirements.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Valley Vision makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Valley Vision
EIN
94-3214572
Phone
9163251630
Address
2320 BROADWAY, SACRAMENTO, CA 95818

Signing Officer

Name
William Mueller
Title
CEO
Signed
2018-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Mueller
Formed
1994
Legal Domicile
CA
Voting Board Members
30
Independent Board Members
30
Employees
35
Volunteers
30

Preparer

Firm
MANN URRUTIA NELSON CPAs & ASSOC LLP
Address
2901 Douglas Blvd Suite 290, Roseville, CA 95661-3824
Preparer
Michelle O Nelson CPA
Phone
9167744208
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: 21st Century Workforce: A talented, 21st Century Workforce that gives the region a competitive advantage, meets employer needs, and provides our workers pathways to high-quality jobs through skills-building. OTHER PROGRAM SERVICES 5: Clean Economy: A Clean Economy that minimizes reliance on carbon-based products, services and practices, is increasing action steps to adapt to climate change, and is promoting environmental sustainability. OTHER PROGRAM SERVICES 6: Innovation and Entrepreneurship: A diverse regional economy that supports and prioritizes Innovation and Entrepreneurship.

Financial Statement Notes

Part X : FIN48 Footnote

Pursuant to a determination letter from the Internal Revenue Service, the Organization is exempt from Federal and State income taxes under Section 501(c)(3) of the Internal Revenue code and Section 23701(d) of the California Revenue and Taxation Code. Therefore, no provision for income taxes has been made. FASB ASC 740-10 prescribes a recognition threshold and measurement standard for financial statement recognition and measurement of an income tax position taken or expected to be taken in a tax return. In addition, FASB ASC 740- 10 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition. The provisions of FASB ASC 740-10 have been applied to all tax positions of the Organization and it did not have a material impact on the Organization's financial position, results of operations, or cash flows.The Organization's Federal and State Exempt Organization Business Income Tax Returns are subject to examination by the IRS and California Franchise Tax Board for 3 years and 4 years, respectively after the due date of date of filing.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Special Event Expenses $79588

Part XII, Line 2D: Other expenses and losses per audited F/S

Special Event Expenses $79588

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IRS990/Form990PartVIISectionAGrp/TitleTxt24vice chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt29Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt30CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt31Vice-President
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.51$5.16$1.35$12.2$12.0$0.20
2023Detailed filing. Detailed filing data is available for this year.$4.04$2.89$1.15$12.8$12.8$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.13$1.03$1.10$3.49$3.54$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.46$0.31$1.15$4.63$4.51$0.12
2020Detailed filing. Detailed filing data is available for this year.$3.77$2.74$1.03$13.9$13.4$0.46
2019Detailed filing. Detailed filing data is available for this year.$1.14$0.57$0.57$2.46$2.25$0.21
2018Detailed filing. Detailed filing data is available for this year.$0.79$0.43$0.36$2.05$2.02$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.77$0.47$0.30$2.04$1.97$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.60$0.36$0.24$2.07$1.97$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.46$0.16$2.15$2.23$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.04$0.75$0.29$1.35$1.38$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.81$0.48$0.33$1.59$1.59$0.00
2012Summary only. Only limited summary data is available for this year.$1.02$0.69$0.32$1.80$1.74$0.05
2011Summary only. Only limited summary data is available for this year.$0.92$0.65$0.27$1.57$1.57$0.00