Civic Intelligence

Valley Vision Inc.

990 • Fiscal year 2023 • EIN 94-3214572

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 25, 2024

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

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.23x

Higher debt load relative to revenue than 48% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

39th percentile

0.4%

Higher net margin than 39% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$244,985

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

95th percentile

90%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

268%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,042,868

Up $1,912,640 (+90%) from 2022

Net Assets

Up

$1,148,631

Up $46,019 (+4.2%) from 2022

Liabilities

Up

$2,894,237

Up $1,866,621 (+182%) from 2022

Revenue

Up

$12,833,454

Up $9,343,582 (+268%) from 2022

Expenses

Up

$12,787,435

Up $9,249,600 (+261%) from 2022

Net Income

Up

$46,019

Up $93,982 (+196%) from 2022

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

2023

Assets$4,042,868
Liabilities$2,894,237
Net Assets$1,148,631

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

2023

Revenue$12,833,454
Expenses$12,787,435
Net Income$46,019
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 25, 2024
Return Version
2023v5.1
Gross Receipts
$12,929,056
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$1,402,865$3,484,277▲ $2,081,412
Savings and Temporary Cash Investments$350,221$100,328▼ $249,893
Cash and Non-Interest-Bearing Accounts$273,811$98,744▼ $175,067
Prepaid Expenses and Deferred Charges$25,129$35,694▲ $10,565
Land, Buildings, and Equipment, Net$11,860$9,078▼ $2,782
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$2,130,228$4,042,868▲ $1,912,640
Other Assets Total$66,342$314,747▲ $248,405
Liabilities
Accounts Payable and Accrued Expenses$827,953$2,238,316▲ $1,410,363
Other Liabilities$140,038$392,136▲ $252,098
Mortgage Notes Payable Secured by Investment Property$57,145$261,843▲ $204,698
Deferred Revenue$2,480$1,942▼ $538
Total Liabilities$1,027,616$2,894,237▲ $1,866,621
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$954,083$1,021,629▲ $67,546
Net Assets With Donor Restrictions$148,529$127,002▼ $21,527
Total Net Assets Fund Balance$1,102,612$1,148,631▲ $46,019
Total Liabilities and Net Assets / Fund Balance$2,130,228$4,042,868▲ $1,912,640

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,078$15,944$25,022
Other Assets Org$314,747--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Evan SchmidtCEOFT$234,985$10,000$244,985
Trish KellyManaging DirectorFT$135,951$600$136,551
Alan LangeManaging DirectorFT$124,820$5,593$130,413
Renee JohnManaging DirectorFT$105,191$17,434$122,625

Board Members and Trustees

NameTitle
Erica TaylorChair
Brian KingBoard Member
Cate DyerBoard Member
Chelsea Carbahal MinorBoard Member
Chet HewittBoard Member
Christopher CallahanBoard Member
Clay NuttingBoard Member
Dawnte EarlyBoard Member
Garry MaiselBoard Member
Gary MayBoard Member
Gayle Garbolino-MojicaBoard Member
George ClaireBoard Member
Gina Lujan ArmstrongBoard Member
Jahmal MillerBoard Member
James JordanBoard member
Jeff DorsoBoard Member
John CostaBoard Member
Kerry WoodBoard Member
Kimberly MenzelBoard 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
Scott ShapiroBoard member
Shawn HarrisonBoard Member
Taylor ToledoBoard Member
William DuncanBoard Member
Louise WalkerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Street Level StrategyConsulting80 W Sierra Madre Ste 504, Sierra Madre, CA 91024$909,672
Xomad LLCConsulting3616 The Strand Unit B, Manhattan Beach, CA 90266$188,000
Marek Drell Grootman Cities GPS LLCConsulting6109 29th Street Northwest, Washington, DC 20015$112,500
Lindsey NittaEvent Mangement3109 Serra Way, Sacramento, CA 95816$102,450
Revenue and Support

Revenue Composition

Contributions and Grants
$560,577
Program Service Revenue
$12,321,225
Investment Income
$-468
Other Revenue
$-47,880
All Other Contributions
$473,077
Change in Net Assets
$46,019

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,834,535
Revenue Not Reported on Financial Statements
$-1,081
Revenue Not Reported on Form 990
$90,214
Other Revenue Adjustments
$-1,081
Total Revenue per Audited Statements
$12,924,749
Total Revenue per Form 990
$12,833,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,877,077
Salaries, Compensation, and Employee Benefits$1,910,358
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$8,505,063$3,851-$8,508,914
Other Salaries and Wages$842,275$496,715-$1,338,990
Current Officers, Directors, Trustees, and Key Employees$153,486$91,498-$244,984
Other Employee Benefits$116,305$88,724-$205,029
Fees for Services Accounting$87,804$50,617-$138,421
Occupancy$78,048$44,181-$122,229
Payroll Taxes$76,373$44,982-$121,355
Travel$30,941$14,369-$45,310
Other Expenses$20,691$11,222-$31,913
Information Technology$22,065$9,620-$31,685
Office Expenses$19,211$5,931-$25,142
Depreciation Depletion-$6,536-$6,536
Insurance$3,106$1,790-$4,896
Interest-$4,343-$4,343
All Other Expenses$146$85-$231
Total Functional Expenses$11,883,487$903,948$0$12,787,435

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,878,730
Expenses per Audited Statements$12,788,516
Total Expenses per Form 990$12,787,435
Expenses Not Reported on Form 990$90,214
Expenses Not Reported on Financial Statements$-1,081
Other Expense Adjustments$-1,081
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$90,214
Fundraising Gross Income$5,525
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Livability Summit$93,025$5,525$55,894$-50,369
Total Events$93,025$5,525$90,214$-84,689
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$316,242
Funds Held in Trust$75,894
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
2024-06-25
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
26
Volunteers
32

Preparer

Firm
MUN CPAs LLP
Address
2901 Douglas Blvd, 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 serves a primary role to align public systems, jurisdictions, and industries to advance workforce development efforts for our Capital region. Areas of focus include: leading future mobility and digital inclusion/skills efforts; convening industry advisories that support and inform the region's job training providers; 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 convening regional workforce advisory bodies and aligning partners in the workforce and education systems. 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: Broadband and Digital Equity: 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. Valley Vision works with public agencies, internet service providers, infrastructure developers, and others in the greater Sacramento region to expand broadband infrastructure. The organization also works to support access to broadband amongst underserved communities through promotion of low-cost services and prioritization of areas that are under enrolled in broadband utilization.

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 $90214

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

Fundraising Expenses $90214

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IRS990/Form990PartVIISectionAGrp/PersonNm0Evan Schmidt
IRS990/Form990PartVIISectionAGrp/PersonNm1Trish Kelly
IRS990/Form990PartVIISectionAGrp/PersonNm2Alan Lange
IRS990/Form990PartVIISectionAGrp/PersonNm3Renee John
IRS990/Form990PartVIISectionAGrp/PersonNm4Dawnte Early
IRS990/Form990PartVIISectionAGrp/PersonNm5Chelsea Carbahal Minor
IRS990/Form990PartVIISectionAGrp/PersonNm6Clay Nutting
IRS990/Form990PartVIISectionAGrp/PersonNm7Jeff Dorso
IRS990/Form990PartVIISectionAGrp/PersonNm8George Claire
IRS990/Form990PartVIISectionAGrp/PersonNm9Linda Cutler
IRS990/Form990PartVIISectionAGrp/PersonNm10Christopher Callahan
IRS990/Form990PartVIISectionAGrp/PersonNm11William Duncan
IRS990/Form990PartVIISectionAGrp/PersonNm12Cate Dyer
IRS990/Form990PartVIISectionAGrp/PersonNm13Kerry Wood
IRS990/Form990PartVIISectionAGrp/PersonNm14Gayle Garbolino-Mojica
IRS990/Form990PartVIISectionAGrp/PersonNm15Shawn Harrison
IRS990/Form990PartVIISectionAGrp/PersonNm16Chet Hewitt
IRS990/Form990PartVIISectionAGrp/PersonNm17Brian King
IRS990/Form990PartVIISectionAGrp/PersonNm18Garry Maisel
IRS990/Form990PartVIISectionAGrp/PersonNm19Lori Rianda
IRS990/Form990PartVIISectionAGrp/PersonNm20Gary May
IRS990/Form990PartVIISectionAGrp/PersonNm21Jahmal Miller
IRS990/Form990PartVIISectionAGrp/PersonNm22Kimberly Menzel
IRS990/Form990PartVIISectionAGrp/PersonNm23Paul Lau
IRS990/Form990PartVIISectionAGrp/PersonNm24Meghan Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm25Gina Lujan Armstrong
IRS990/Form990PartVIISectionAGrp/PersonNm26James Jordan
IRS990/Form990PartVIISectionAGrp/PersonNm27Taylor Toledo
IRS990/Form990PartVIISectionAGrp/PersonNm28Randy Sater
IRS990/Form990PartVIISectionAGrp/PersonNm29Scott Shapiro
IRS990/Form990PartVIISectionAGrp/PersonNm30Erica Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm31Louise Walker
IRS990/Form990PartVIISectionAGrp/PersonNm32Michelle Skinner
IRS990/Form990PartVIISectionAGrp/PersonNm33John Costa
IRS990/Form990PartVIISectionAGrp/PersonNm34Michael Lynch
IRS990/Form990PartVIISectionAGrp/PersonNm35Michael Marion
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Managing Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Managing Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Managing Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt22Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt23Board Member

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