Valley News Charity Fund

Mankato, MN
Tax-exempt since May 1985
EIN: 36-3339339

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$69.4k (2024)

Expenses

$62.5k (2024)

Total Assets

$1.06M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$69,417

Expenses

$62,470

Net Income

$6,947

Net Assets

$1,058,547

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$28,845	41.6%
Sales of Assets	$40,572	58.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$58,820	94.2%
Compensation of Officers*	$12,000	19.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,058,547
Total Liabilities	$0
Net Assets	$1,058,547

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$12,000	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on March 24, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$37,138

Expenses

$55,083

Net Income

-$17,945

Net Assets

$1,051,600

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,100	8.3%
Interest Revenue	$0
Dividends	$28,827	77.6%
Sales of Assets	$4,211	11.3%
Other Income	$1,000	2.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,232	96.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,051,600
Total Liabilities	$0
Net Assets	$1,051,600

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$0	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on March 3, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$53,304

Expenses

$48,868

Net Income

$4,436

Net Assets

$1,069,545

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,000	5.6%
Interest Revenue	$0
Dividends	$27,029	50.7%
Sales of Assets	$23,275	43.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,638	91.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,069,545
Total Liabilities	$0
Net Assets	$1,069,545

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$0	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on March 9, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$102,545

Expenses

$52,984

Net Income

$49,561

Net Assets

$1,065,109

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,840	2.8%
Interest Revenue	$0
Dividends	$25,894	25.3%
Sales of Assets	$73,811	72.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,460	97.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,065,109
Total Liabilities	$0
Net Assets	$1,065,109

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$0	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on March 4, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$49,738

Expenses

$51,651

Net Income

-$1,913

Net Assets

$1,015,547

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,880	7.8%
Interest Revenue	$0
Dividends	$34,117	68.6%
Sales of Assets	$11,741	23.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,048	93.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,015,548
Total Liabilities	$1
Net Assets	$1,015,547

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$0	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on March 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$90,686

Expenses

$50,412

Net Income

$40,274

Net Assets

$1,017,460

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,915	3.2%
Interest Revenue	$0
Dividends	$26,689	29.4%
Sales of Assets	$61,082	67.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,873	93.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,017,461
Total Liabilities	$1
Net Assets	$1,017,460

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$0	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on March 8, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$100,165

Expenses

$47,795

Net Income

$52,370

Net Assets

$977,187

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,720	2.7%
Interest Revenue	$0
Dividends	$24,419	24.4%
Sales of Assets	$73,026	72.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,125	90.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$978,746
Total Liabilities	$1,559
Net Assets	$977,187

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$0	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on April 5, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$49,131

Expenses

$47,893

Net Income

$1,238

Net Assets

$924,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,670	5.4%
Interest Revenue	$0
Dividends	$22,074	44.9%
Sales of Assets	$24,334	49.5%
Other Income	$53	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,730	95.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$924,985
Total Liabilities	$168
Net Assets	$924,817

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$0	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on March 12, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

-$8,872

Expenses

$45,662

Net Income

-$54,534

Net Assets

$923,579

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,495
Interest Revenue	$0
Dividends	$21,829
Sales of Assets	-$33,267
Other Income	$71

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,112	96.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$923,579
Total Liabilities	$0
Net Assets	$923,579

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$0	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on March 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$51,259

Expenses

$54,234

Net Income

-$2,975

Net Assets

$978,113

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,250	4.4%
Interest Revenue	$0
Dividends	$22,019	43.0%
Sales of Assets	$26,990	52.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,388	96.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$978,113
Total Liabilities	$0
Net Assets	$978,113

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$0	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on Feb. 26, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$80,323

Expenses

$44,159

Net Income

$36,164

Net Assets

$981,088

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,150	2.7%
Interest Revenue	$0
Dividends	$26,375	32.8%
Sales of Assets	$51,798	64.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,190	95.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$981,219
Total Liabilities	$131
Net Assets	$981,088

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$0	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on March 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$65,854

Expenses

$42,866

Net Income

$22,988

Net Assets

$944,924

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,050	3.1%
Interest Revenue	$0
Dividends	$32,150	48.8%
Sales of Assets	$31,526	47.9%
Other Income	$128	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,092	95.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$945,152
Total Liabilities	$228
Net Assets	$944,924

Compensation

Key Employees and Officers	Compensation	Other
Troy Leiferman (President)	$0	$0
Margaret Leiferman (Secretary)	$0	$0

990-PF

Filed on March 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$41,527

Expenses

$38,720

Net Income

$2,807

Net Assets

$921,936

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,700	4.1%
Interest Revenue	$0
Dividends	$26,838	64.6%
Sales of Assets	$12,989	31.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,885	97.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$921,986
Total Liabilities	$50
Net Assets	$921,936

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$13,983

Expenses

$23,371

Net Income

-$9,388

Net Assets

$919,128

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,600	11.4%
Interest Revenue	$0
Dividends	$34,789	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,825	93.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$919,129
Total Liabilities	$1
Net Assets	$919,128

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated March 23, 2026

Valley News Charity Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $69.4k (2024)

Expenses $62.5k (2024)

Total Assets $1.06M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$69.4k (2024)

Expenses

$62.5k (2024)

Total Assets

$1.06M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2020

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2019

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2017

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2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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