Civic Intelligence

Valley Vision Inc.

990 • Fiscal year 2020 • EIN 94-3214572

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 30, 2021

3400 3rd AvenueSacramento, CA 95817

(916) 325-1630

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.73x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

39th percentile

0.20x

Higher debt load relative to revenue than 39% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

47th percentile

3.3%

Higher net margin than 47% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$216,200

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

98th percentile

231%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

466%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,765,516

Up $2,629,495 (+231%) from 2019

Net Assets

Up

$1,029,177

Up $462,353 (+82%) from 2019

Liabilities

Up

$2,736,339

Up $2,167,142 (+381%) from 2019

Revenue

Up

$13,896,991

Up $11,439,897 (+466%) from 2019

Expenses

Up

$13,434,638

Up $11,183,494 (+497%) from 2019

Net Income

Up

$462,353

Up $256,403 (+124%) from 2019

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

2020

Assets$3,765,516
Liabilities$2,736,339
Net Assets$1,029,177

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

2020

Revenue$13,896,991
Expenses$13,434,638
Net Income$462,353
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 30, 2021
Return Version
2020v4.0
Gross Receipts
$13,896,991
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.

Valley Vision is a civic leadership organization dedicated to improving the livability of the Sacramento region. Through research and action, we collaborate on bold, long-term solutions that improve people's lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$798,585$2,470,765▲ $1,672,180
Cash and Non-Interest-Bearing Accounts$243,588$1,276,352▲ $1,032,764
Prepaid Expenses and Deferred Charges$41,321$14,380▼ $26,941
Land, Buildings, and Equipment, Net$2,144$3,615▲ $1,471
Savings and Temporary Cash Investments$50,383$404▼ $49,979
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$1,136,021$3,765,516▲ $2,629,495
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$377,232$1,929,192▲ $1,551,960
Deferred Revenue$100,000$549,176▲ $449,176
Other Liabilities$91,965$257,971▲ $166,006
Total Liabilities$569,197$2,736,339▲ $2,167,142
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$320,157$936,844▲ $616,687
Net Assets With Donor Restrictions$246,667$92,333▼ $154,334
Total Net Assets Fund Balance$566,824$1,029,177▲ $462,353
Total Liabilities and Net Assets / Fund Balance$1,136,021$3,765,516▲ $2,629,495

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,615$4,715$8,330
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Evan SchmidtCEOFT$205,000$11,200$216,200
Trish KellyManaging DirectorFT$129,500$3,000$132,500

Board Members and Trustees

NameTitle
Brian KingChairman
Scott ShapiroPast Chair
Trish RodriguezVice Chair
Cate DyerBoard Member
Chet HewittBoard Member
Dave CheneyBoard Member
Earnie FranklinBoard Member
Erica TaylorBoard Member
Garry MaiselBoard Member
Gary MayBoard Member
Gayle Garbolino-MojicaBoard Member
George ClaireBoard Member
Gina Lujan ArmstrongBoard Member
Jahmal MillerBoard Member
Jeff DavisBoard Member
Linda CutlerBoard Member
Louise WalkerBoard Member
Meghan PhillipsBoard Member
Michael MarionBoard Member
Naaz AlikhanBoard Member
Paul LauBoard Member
Randy SaterBoard Member
Robert S NelsenBoard Member
Shawn HarrisonBoard Member
Tim Carrollboard member
William DuncanBoard Member
Edmundo CastanedaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Propaganda Design Studio LLCGraphic Design1414 K St 6th Floor, K St th Floor, CA 95814$565,153
Deloitte Consulting LLPConsulting1919 N Lynn St, Arlington, VA 22209$155,000
Capitol Impact LLCConsulting1107 9th St Suite 500, Sacramento, CA 95814$101,400
Revenue and Support

Revenue Composition

Contributions and Grants
$879,456
Program Service Revenue
$13,013,600
Investment Income
$468
Other Revenue
$3,467
All Other Contributions
$718,086
Change in Net Assets
$462,353

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,896,991
Revenue Not Reported on Form 990
$1,950
Total Revenue per Audited Statements
$13,898,941
Total Revenue per Form 990
$13,896,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,032,708
Salaries, Compensation, and Employee Benefits$1,297,072
Grants and Similar Amounts Paid$104,858
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$4,512,536$5,114,615-$9,627,151
Other Salaries and Wages$408,308$470,034-$878,342
Current Officers, Directors, Trustees, and Key Employees$100,503$115,697-$216,200
Occupancy$56,927$64,521-$121,448
Grants to Domestic Orgs$104,858--$104,858
Payroll Taxes$42,039$48,395-$90,434
Other Expenses$87,381$336-$87,717
Pension Plan Contributions$38,875$44,752-$83,627
Fees for Services Accounting$26,871$30,457-$57,328
All Other Expenses$31,776$24,076-$55,852
Information Technology$36,515$13,063-$49,578
Advertising$47,312$352-$47,664
Other Employee Benefits$13,234$15,235-$28,469
Insurance$3,611$4,091-$7,702
Office Expenses$2,060$2,334-$4,394
Depreciation Depletion-$1,497-$1,497
Travel$109$68-$177
Total Functional Expenses$7,472,531$5,962,107$0$13,434,638

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,436,588
Expenses per Audited Statements$13,434,638
Total Expenses per Form 990$13,434,638
Expenses Not Reported on Form 990$1,950
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
CanaSan Francisco, CA-Social Bridging Project Grant$27,610
Faith & Community EmpowermentLos Angeles, CA-Listos Outreach Grant$15,000
Filipino American Service GroLos Angeles, CA-Listos Outreach Grant$15,000
Asian IncSan Francisco, CA-Listos Outreach Grant$10,000
San Franciso Public Health FoSan Francisco, CA-Listos Outreach Grant$10,000
Southeast Asian Community CenSan Francisco, CA-Listos Outreach Grant$10,000
Special Service for Groups ILos Angeles, CA-Listos Outreach Grant$10,000
Mountain Radio IncPine Mtn Club, CA-Social Bridging Project Grant$7,248
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Los Rios CommunityChairman runsConsulting ServicesNo$31,800
CollegeOrganization-No-

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$257,971
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 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
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 Organization's 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
3400 3rd Avenue, SACRAMENTO, CA 95817

Signing Officer

Name
Evan Schmidt
Title
CEO
Signed
2021-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Evan Schmidt
Formed
1994
Legal Domicile
CA
Voting Board Members
27
Independent Board Members
27
Employees
18
Volunteers
27

Preparer

Firm
MANN URRUTIA NELSON CPAs & ASSOC LLP
Address
2901 Douglas Blvd Suite 290, Roseville, CA 95661
Preparer
Justin J Williams CPA
Phone
9167744208
Supplemental Narrative

Additional Explanations

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

OTHER PROGRAM SERVICES 4: 21st Century Workforce: Valley Vision has adopted a systems approach to understanding the complex needs of the workforce ecosystem. We promote the development of regional talent by collaborating with educators, employers and a diverse array of workforce development partners. We coordinate and align regional goals that are built upon real-time data and meaningful feedback from those involved. And we recognize that an inclusive growth strategy - one in which economic prosperity is available to all - is the best path forward for our region. Recently we've advanced our understanding of how automation and the future of work will impact our region, advanced our understanding of digital skills needs in the region, as well as conducting a Food & Ag Cluster AgTech Workforce Assessment. OTHER PROGRAM SERVICES 5: Clean Economy: Valley Vision is working to address our environmental challenges at a systems level, in a manner compatible with improving public health and ensuring economic prosperity for all. Climate change is a global problem tied to local policies and actions. Through our management of the Cleaner Air Partnership and more, we are helping the Sacramento region achieve emissions reductions and improve health outcomes to protect lives and support a thriving economy. In 2020, Valley Vision served on the Mayor's Climate Commission and approved a set of recommendations to Achieve Carbon Zero in Sacramento and West Sacramento by 2045. OTHER PROGRAM SERVICES 6: Innovation and Infrastructure: Access to housing and digital infrastructure is as important today as roads or electricity. Broadband is critical infrastructure for commerce, access to education, and healthcare. We work with cities, community groups, businesses, policymakers and others to close the Digital Divide and promote equal access to technology. In the past year, we've created broadband research assets to improve coverage in rural areas, explore necessary speeds for telework, identify gaps in regional broadband coverage, catalyzed broadband infrastructure investment, and created a broadband report card for our region.

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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt22Board Member
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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