Civic Intelligence

Valley Vision Inc.

990 • Fiscal year 2022 • EIN 94-3214572

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 26, 2023

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

84th percentile

0.48x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.29x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

32nd percentile

-1.4%

Higher net margin than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$231,852

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

87th percentile

46%

Faster asset growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

16th percentile

-25%

Faster revenue growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,130,228

Up $670,601 (+46%) from 2021

Net Assets

Down

$1,102,612

Down $47,963 (-4.2%) from 2021

Liabilities

Up

$1,027,616

Up $718,564 (+233%) from 2021

Revenue

Down

$3,489,872

Down $1,142,439 (-25%) from 2021

Expenses

Down

$3,537,835

Down $973,078 (-22%) from 2021

Net Income

Down

-$47,963

Down $169,361 (-140%) from 2021

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

2022

Assets$2,130,228
Liabilities$1,027,616
Net Assets$1,102,612

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

2022

Revenue$3,489,872
Expenses$3,537,835
Net Income-$47,963
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 26, 2023
Return Version
2022v5.0
Gross Receipts
$3,593,096
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$364,118$1,402,865▲ $1,038,747
Savings and Temporary Cash Investments$404$350,221▲ $349,817
Cash and Non-Interest-Bearing Accounts$1,071,737$273,811▼ $797,926
Prepaid Expenses and Deferred Charges$15,395$25,129▲ $9,734
Land, Buildings, and Equipment, Net$7,973$11,860▲ $3,887
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$1,459,627$2,130,228▲ $670,601
Other Assets Total-$66,342-
Liabilities
Accounts Payable and Accrued Expenses$160,023$827,953▲ $667,930
Other Liabilities$126,044$140,038▲ $13,994
Mortgage Notes Payable Secured by Investment Property-$57,145-
Deferred Revenue$22,985$2,480▼ $20,505
Total Liabilities$309,052$1,027,616▲ $718,564
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,025,476$954,083▼ $71,393
Net Assets With Donor Restrictions$125,099$148,529▲ $23,430
Total Net Assets Fund Balance$1,150,575$1,102,612▼ $47,963
Total Liabilities and Net Assets / Fund Balance$1,459,627$2,130,228▲ $670,601

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,860$13,715$25,575
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Evan SchmidtCEOFT$222,747$9,105$231,852
Trish KellyManaging DirectorFT$134,970$103$135,073
Alan LangeManaging DirectorFT$106,637$4,524$111,161

Board Members and Trustees

NameTitle
Trish RodriguezChair
Brian KingPast Chair
Naaz AlikhanVice Chair
Cate DyerBoard Member
Chelsea MinorBoard Member
Chet HewittBoard Member
Christopher CallahanBoard Member
Clay NuttingBoard Member
Dave CheneyBoard Member
Erica TaylorBoard Member
Garry MaiselBoard Member
Gary MayBoard Member
George ClaireBoard Member
Gina Lujan ArmstrongBoard Member
Jahmal MillerBoard Member
James JordanBoard member
John CostaBoard Member
Jun ReinaBoard Member
Linda CutlerBoard Member
Lori RiandaBoard Member
Meghan PhillipsBoard Member
Michael LynchBoard Member
Michael MarionBoard Member
Michelle SkinnerBoard Member
Paul LauBoard Member
Randy SaterBoard Member
Robert S NelsenBoard Member
Scott ShapiroBoard member
Shawn HarrisonBoard Member
William DuncanBoard Member
Gayle Garbolino-MojicaNominations C.
Louise WalkerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rincon Consultants IncConsulting180 N Ashwood Ave, Ventura, CA 93003$302,135
Revenue and Support

Revenue Composition

Contributions and Grants
$798,681
Program Service Revenue
$2,755,696
Investment Income
$959
Other Revenue
$-65,464
All Other Contributions
$664,833
Change in Net Assets
$-47,963

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$25,000Fair Market Value (FMV)
Other Non Cash Contri Table1$5,000Fair Market Value (FMV)
Total Noncash Contributions2$30,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,489,872
Revenue Not Reported on Form 990
$103,224
Total Revenue per Audited Statements
$3,593,096
Total Revenue per Form 990
$3,489,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,986,726
Salaries, Compensation, and Employee Benefits$1,551,109
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,530,812$28,675-$1,559,487
Other Salaries and Wages$556,541$527,375-$1,083,916
Current Officers, Directors, Trustees, and Key Employees$119,046$112,803-$231,849
Occupancy$66,032$65,361-$131,393
Payroll Taxes$53,338$50,542-$103,880
Other Employee Benefits$50,920$48,251-$99,171
Fees for Services Accounting$36,710$24,846-$61,556
Information Technology$22,153$14,668-$36,821
Pension Plan Contributions$16,581$15,712-$32,293
Office Expenses$6,651$4,474-$11,125
Other Expenses$3,330$2,865-$6,195
Depreciation Depletion-$5,355-$5,355
Insurance$2,842$2,308-$5,150
All Other Expenses$1,909$787-$2,696
Total Functional Expenses$2,598,186$939,649$0$3,537,835

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,641,059
Expenses per Audited Statements$3,537,835
Total Expenses per Form 990$3,537,835
Expenses Not Reported on Form 990$103,224
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$103,224
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Livability Summit$128,848-$80,955-
Total Events$128,848-$103,224$-103,224
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

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
Lease Liability$70,542
Funds Held in Trust$69,496
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, Section B, Line 11B

An independent Certified Public Accounting Firm prepares Form 990. Initial drafts are reviewed by the CEO, Board Treasurer, CFO and COO. The final return is circulated to the Board of Directors at the next Board meeting.

Form 990, Part VI, Section B, Line 12C

All Officers, Board of Director members, and Senior Staff are subject to a 'Conflict of Interest Policy', which is reviewed and updated annually.

Form 990, Part VI, Section B, Line 15A

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, Section B, Line 15B

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, Section C, Line 19

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
2023-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Evan Schmidt
Formed
1994
Legal Domicile
CA
Voting Board Members
32
Independent Board Members
32
Employees
22
Volunteers
32

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 4: 21st Century Workforce: Valley Vision has adopted a systems approach to understanding the complex needs of the workforce ecosystem. Valley Vision is serving the primary role as intermediary and alignment between public systems and jurisdictions to align and advance workforce development efforts for our Capital region including: leading future mobility and digital inclusion/skills efforts; convening industry advisories that support the region's community colleges, workforce boards, adult education, K-12, nonprofit and broad stakeholder coalition; and supporting the City of Sacramento in developing a workforce development framework to guide current and future investments and strategies. Some of the major accomplishments include hosting climate justice and jobs summit and advancing opportunities for high road contruction careers. 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. Valley Vision leads a group of local organization in the Sacramento Neighborhoods Activating on Air Quality Project, which empower residents to identify solutions for achieving cleaner air. We've also undertaken a Zero Emision Hydrogen Locomotive Pilot in West Sacramento. OTHER PROGRAM SERVICES 6: Innovation and Infrastructure: Access to 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 2022, Valley Vision identified gaps in regional broadband coverage, managed and facilitated the Sacramento Region Coalition for Digital Inclusion; fostered resident enrollment in the Affordable Connectivity Program; and initiated work on a business broadband master plan for the 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.

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

Fundraising Expenses $103224

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

Fundraising Expenses $103224

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IRS990/Form990PartVIISectionAGrp/PersonNm7George Claire
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IRS990/Form990PartVIISectionAGrp/PersonNm17Garry Maisel
IRS990/Form990PartVIISectionAGrp/PersonNm18Lori Rianda
IRS990/Form990PartVIISectionAGrp/PersonNm19Gary May
IRS990/Form990PartVIISectionAGrp/PersonNm20Jahmal Miller
IRS990/Form990PartVIISectionAGrp/PersonNm21Robert S Nelsen
IRS990/Form990PartVIISectionAGrp/PersonNm22Paul Lau
IRS990/Form990PartVIISectionAGrp/PersonNm23Meghan Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm24Gina Lujan Armstrong
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IRS990/Form990PartVIISectionAGrp/PersonNm26Trish Rodriguez
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IRS990/Form990PartVIISectionAGrp/PersonNm30Louise Walker
IRS990/Form990PartVIISectionAGrp/PersonNm31Michelle Skinner
IRS990/Form990PartVIISectionAGrp/PersonNm32John Costa
IRS990/Form990PartVIISectionAGrp/PersonNm33Michael Lynch
IRS990/Form990PartVIISectionAGrp/PersonNm34Michael Marion
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Managing Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Past Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt23Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt24Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt29Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt30Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt31Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt32Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt33Board 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