Civic Intelligence

Happy Valley Foundation

990 • Fiscal year 2023 • EIN 95-0809370

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 15, 2023

P O Box 804Ojai, CA 93024

(805) 646-4343

Siviq Scores

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

Liabilities / Assets

35th percentile

0.10x

Higher debt load relative to assets than 35% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.29x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

79th percentile

21%

Faster asset growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

39%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$28,453,210

Up $4,998,210 (+21%) from 2022

Net Assets

Up

$25,636,878

Up $4,245,075 (+20%) from 2022

Liabilities

Up

$2,816,332

Up $753,135 (+37%) from 2022

Revenue

Up

$9,798,640

Up $2,754,312 (+39%) from 2022

Expenses

Up

$5,553,565

Up $482,510 (+9.5%) from 2022

Net Income

Up

$4,245,075

Up $2,271,802 (+115%) from 2022

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $7,028,016Liabilities 2011: $1,823,286Net Assets 2011: $5,204,7302011Assets 2012: $7,880,229Liabilities 2012: $2,218,463Net Assets 2012: $5,661,7662012Assets 2013: $8,347,698Liabilities 2013: $2,181,204Net Assets 2013: $6,166,4942013Assets 2014: $10,735,855Liabilities 2014: $2,785,540Net Assets 2014: $7,950,3152014Assets 2015: $12,050,823Liabilities 2015: $3,054,809Net Assets 2015: $8,996,0142015Assets 2016: $13,410,127Liabilities 2016: $3,086,834Net Assets 2016: $10,323,2932016Assets 2017: $13,755,640Liabilities 2017: $2,819,537Net Assets 2017: $10,936,1032017Assets 2018: $14,384,871Liabilities 2018: $2,536,087Net Assets 2018: $11,848,7842018Assets 2019: $17,919,587Liabilities 2019: $2,224,131Net Assets 2019: $15,695,4562019Assets 2020: $20,029,534Liabilities 2020: $3,712,578Net Assets 2020: $16,316,9562020Assets 2021: $21,988,275Liabilities 2021: $2,569,745Net Assets 2021: $19,418,5302021Assets 2022: $23,455,000Liabilities 2022: $2,063,197Net Assets 2022: $21,391,8032022Assets 2023: $28,453,210Liabilities 2023: $2,816,332Net Assets 2023: $25,636,8782023Assets 2024: $28,153,923Liabilities 2024: $2,258,007Net Assets 2024: $25,895,9162024

Highlighted filing

2023

Assets$28,453,210
Liabilities$2,816,332
Net Assets$25,636,878

Operations Trend

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

$15M$10M$5.0M$0Revenue 2011: $6,115,644Expenses 2011: $5,205,776Net Income 2011: $909,8682011Revenue 2012: $5,670,121Expenses 2012: $5,213,085Net Income 2012: $457,0362012Revenue 2013: $5,885,454Expenses 2013: $5,380,726Net Income 2013: $504,7282013Revenue 2014: $7,203,255Expenses 2014: $5,419,434Net Income 2014: $1,783,8212014Revenue 2015: $6,718,197Expenses 2015: $5,672,498Net Income 2015: $1,045,6992015Revenue 2016: $7,573,078Expenses 2016: $6,245,799Net Income 2016: $1,327,2792016Revenue 2017: $6,836,951Expenses 2017: $6,224,141Net Income 2017: $612,8102017Revenue 2018: $8,032,026Expenses 2018: $7,119,345Net Income 2018: $912,6812018Revenue 2019: $10,507,563Expenses 2019: $6,660,891Net Income 2019: $3,846,6722019Revenue 2020: $6,457,813Expenses 2020: $5,836,313Net Income 2020: $621,5002020Revenue 2021: $7,679,203Expenses 2021: $4,577,629Net Income 2021: $3,101,5742021Revenue 2022: $7,044,328Expenses 2022: $5,071,055Net Income 2022: $1,973,2732022Revenue 2023: $9,798,640Expenses 2023: $5,553,565Net Income 2023: $4,245,0752023Revenue 2024: $6,754,446Expenses 2024: $6,495,408Net Income 2024: $259,0382024

Highlighted filing

2023

Revenue$9,798,640
Expenses$5,553,565
Net Income$4,245,075
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$9,815,561
Mission and Program Overview

Mission

To maintain an educational center that nurtures spiritual, artistic and intellectual growth as well as physical and mental well-being.

Foster educational centers that nurture individual intellectual and artistic growth, centered on preserved California land, where all forms of life are respected.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,110,377$11,733,601▼ $376,776
Cash and Non-Interest-Bearing Accounts$9,020,280$10,257,806▲ $1,237,526
Investments in Publicly Traded Securities$1,545,399$4,993,912▲ $3,448,513
Other Notes and Loans Receivable, Net-$1,054,993-
Pledges and Grants Receivable$350,000$0▼ $350,000
Prepaid Expenses and Deferred Charges$115,850$140,590▲ $24,740
Accounts Receivable-$1,214-
Savings and Temporary Cash Investments-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$23,455,000$28,453,210▲ $4,998,210
Other Assets Total$313,094$271,094▼ $42,000
Liabilities
Deferred Revenue$1,947,799$2,627,788▲ $679,989
Accounts Payable and Accrued Expenses$115,398$188,544▲ $73,146
Total Liabilities$2,063,197$2,816,332▲ $753,135
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,484,696$25,078,156▲ $4,593,460
Net Assets With Donor Restrictions$907,107$558,722▼ $348,385
Total Net Assets Fund Balance$21,391,803$25,636,878▲ $4,245,075
Total Liabilities and Net Assets / Fund Balance$23,455,000$28,453,210▲ $4,998,210

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,179,498$4,776,238$12,955,736
Leasehold Improvements$2,967,713$2,001,563$4,969,276
Other Land Buildings$490,484$1,888,921$2,379,405
Equipment$-12,561$698,509$685,948
Land$108,467-$108,467

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,773,424$350,000▲ $121,684-$2,245,108
2021-$1,767,100▲ $6,324-$1,773,424
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda HardmanPresident
Derek WoodsVice President
Maryann CordTrustee
Moussa SyTrustee
Portia JohnsonTrustee
Summer GalanteTrustee
Tina LeslieTrustee
William B KaplanTrustee
Alex SmithCEO
Sirr LessCFO
Kevin WallaceSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$140,046
Program Service Revenue
$4,532,618
Investment Income
$1,281,411
Other Revenue
$3,844,565
All Other Contributions
$131,376
Change in Net Assets
$4,245,075
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,247,962
Other Expenses$2,305,603
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,861,654$959,034-$2,820,688
Depreciation Depletion$393,963$244,336-$638,299
Insurance$234,899$118,825-$353,724
All Other Expenses$207,942$129,316-$337,258
Payroll Taxes$142,388$73,352-$215,740
Other Employee Benefits$150,805$60,729-$211,534
Other Expenses$130,749$81,602-$130,749
Advertising$55,651$33,756-$89,407
Fees for Services Accounting-$64,209-$64,209
Information Technology-$38,501-$38,501
Fees for Services Legal-$18,359-$18,359
Office Expenses$4,154--$4,154
Fees for Services Other-$500-$500
Travel-$85-$85
Total Functional Expenses$3,645,077$1,908,488$0$5,553,565
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

Return is provided to the chief financial officer prior to filing and is shared with the board of trustees. In addition, an independent audit of the financials was conducted in october of 2023 and this return reflects the financial disclosures within the auditor's report.

Form 990, Part VI, Section C, Line 19

Documents, policies, and financial statements are made available at the location of the corporate office.

Filing and Contact Details

Filer

Filer Name
Happy Valley Foundation
EIN
95-0809370
Address
P O BOX 804, OJAI, CA 93024

Signing Officer

Name
Alex Smith
Title
CEO
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
11
Independent Board Members
0
Employees
0

Preparer

Firm
Jacobs & Jacobs Accountancy Corporation
Address
455 E Thousand Oaks Blvd Ste 101, Thousand, CA 91360
Preparer
Susan Molina Ea
Phone
8056464321
Supplemental Narrative

Additional Explanations

Non-disclosure of Highest Paid Key Employees

The school does not disclose the salaries for employees.

Financial Statement Notes

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

The Beatrice Wood Center for the Arts houses a permanent collection of work by Beatrice Wood, her collection of international folk art and photos, documents and memorabilia relating to the life of the artist and her contemporaries. We also maintain a reference library of books relating to the arts and culture and an exhibition of photographs relating to the history and mission of the Happy Valley Foundation. Visitors to the Center have the opportunity to view these permanent installations, become educated in regard to the arts, learn more about the Foundation and its activities and, as they often comment, leave inspired by the life of a woman who flourished during her 80s and 90s and led a remarkable life.

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IRS990/MissionDesc0Foster educational centers that nurture individual intellectual and artistic growth, centered on preserved California land, where all forms of life are respected.
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt060729
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0182700
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04601258
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0-12561
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0698509
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0685948
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IRS990ScheduleD/RelatedOrgListSchRInd0false
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Beatrice Wood Center for the Arts houses a permanent collection of work by Beatrice Wood, her collection of international folk art and photos, documents and memorabilia relating to the life of the artist and her contemporaries. We also maintain a reference library of books relating to the arts and culture and an exhibition of photographs relating to the history and mission of the Happy Valley Foundation. Visitors to the Center have the opportunity to view these permanent installations, become educated in regard to the arts, learn more about the Foundation and its activities and, as they often comment, leave inspired by the life of a woman who flourished during her 80s and 90s and led a remarkable life.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 4: Description of organization's collections and how it furthers its purpose.
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt011733601
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$28.2$2.26$25.9$6.75$6.50$0.26
2023Detailed filing. Detailed filing data is available for this year.$28.5$2.82$25.6$9.80$5.55$4.25
2022Detailed filing. Detailed filing data is available for this year.$23.5$2.06$21.4$7.04$5.07$1.97
2021Detailed filing. Detailed filing data is available for this year.$22.0$2.57$19.4$7.68$4.58$3.10
2020Detailed filing. Detailed filing data is available for this year.$20.0$3.71$16.3$6.46$5.84$0.62
2019Detailed filing. Detailed filing data is available for this year.$17.9$2.22$15.7$10.5$6.66$3.85
2018Detailed filing. Detailed filing data is available for this year.$14.4$2.54$11.8$8.03$7.12$0.91
2017Detailed filing. Detailed filing data is available for this year.$13.8$2.82$10.9$6.84$6.22$0.61
2016Detailed filing. Detailed filing data is available for this year.$13.4$3.09$10.3$7.57$6.25$1.33
2015Detailed filing. Detailed filing data is available for this year.$12.1$3.05$9.00$6.72$5.67$1.05
2014Detailed filing. Detailed filing data is available for this year.$10.7$2.79$7.95$7.20$5.42$1.78
2013Summary only. Only limited summary data is available for this year.$8.35$2.18$6.17$5.89$5.38$0.50
2012Summary only. Only limited summary data is available for this year.$7.88$2.22$5.66$5.67$5.21$0.46
2011Summary only. Only limited summary data is available for this year.$7.03$1.82$5.20$6.12$5.21$0.91
Peer Organizations

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