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Gretchen C Valade Endownment For The Arts

Organization summary

Type of Nonprofit

Designated as a 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.

Category: Arts, Culture and Humanities / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$92.1k (2023)

Expenses
$2.51M (2023)

Total Assets
$648k (2023)

Total Liabilities
$3M (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$92,079
Expenses
$2,509,363
Net Income
-$2,417,284
Net Assets
-$2,351,643
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $430
0.5%
Dividends $40,746
44.3%
Sales of Assets $0
Other Income $50,903
55.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,504,187
99.8%
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 $648,357
Total Liabilities $3,000,000
Net Assets -$2,351,643
Compensation
Key Employees and Officers Compensation Other
Mark Valade (President) $0 $0
Nevra Kreger (Treasurer) $0 $0
Kyle Valade (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$116,482
Expenses
$150,415
Net Income
-$33,933
Net Assets
$111,798
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $90
0.1%
Dividends $125
0.1%
Sales of Assets $70,178
60.2%
Other Income $46,089
39.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $143,750
95.6%
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 $111,798
Total Liabilities $0
Net Assets $111,798
Compensation
Key Employees and Officers Compensation Other
Gretchen C Valade (President/Treasurer) $0 $0
Mark Valade (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$701,832
Expenses
$2,582,468
Net Income
-$1,880,636
Net Assets
$243,795
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11
0.0%
Dividends $13,877
2.0%
Sales of Assets $683,016
97.3%
Other Income $4,928
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,567,010
99.4%
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 $243,795
Total Liabilities $0
Net Assets $243,795
Compensation
Key Employees and Officers Compensation Other
Gretchen C Valade (President/Treasurer) $0 $0
Mark Valade (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$238,992
Expenses
$1,905,521
Net Income
-$1,666,529
Net Assets
$2,582,241
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $422
0.2%
Dividends $48,280
20.2%
Sales of Assets $188,395
78.8%
Other Income $1,895
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,890,750
99.2%
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 $2,582,242
Total Liabilities $1
Net Assets $2,582,241
Compensation
Key Employees and Officers Compensation Other
Gretchen C Valade (President/Treasurer) $0 $0
Mark Valade (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,462,762
Expenses
$3,086,458
Net Income
$1,376,304
Net Assets
$4,343,284
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,009,981
67.4%
Interest Revenue $814
0.0%
Dividends $83,865
1.9%
Sales of Assets $1,353,887
30.3%
Other Income $14,215
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,065,610
99.3%
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 $4,343,285
Total Liabilities $1
Net Assets $4,343,284
Compensation
Key Employees and Officers Compensation Other
Thomas A Robinson (Director) $0 $0
David P Sutherland (Director) $0 $0
Gretchen C Valade (President) $0 $0
Christopher Collins (Director) $0 $0
Anthony Michaels (Director) $0 $0
Denny Stilwell (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,468,024
Expenses
$2,979,311
Net Income
$1,488,713
Net Assets
$3,840,714
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,040,400
68.0%
Interest Revenue $1,304
0.0%
Dividends $75,920
1.7%
Sales of Assets $1,236,519
27.7%
Other Income $113,881
2.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,950,586
99.0%
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 $3,850,714
Total Liabilities $10,000
Net Assets $3,840,714
Compensation
Key Employees and Officers Compensation Other
Thomas A Robinson (Director) $0 $0
David P Sutherland (Secretary) $0 $0
Gretchen C Valade (President) $0 $0
Christopher Collins (Director) $0 $0
Anthony Michaels (Director) $0 $0
Denny Stilwell (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,924,372
Expenses
$3,013,039
Net Income
$1,911,333
Net Assets
$3,962,161
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,002,302
61.0%
Interest Revenue $947
0.0%
Dividends $64,933
1.3%
Sales of Assets $1,655,380
33.6%
Other Income $200,810
4.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,982,752
99.0%
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 $3,962,161
Total Liabilities $0
Net Assets $3,962,161
Compensation
Key Employees and Officers Compensation Other
Thomas A Robinson (Director) $0 $0
David P Sutherland (Secretary) $0 $0
Gretchen C Valade (President) $0 $0
Chirstopher Collins (Director) $0 $0
Anthony Michaels (Director) $0 $0
Denny Stilwell (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,586,716
Expenses
$2,940,365
Net Income
$1,646,351
Net Assets
$3,522,579
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,033,849
66.1%
Interest Revenue $214
0.0%
Dividends $60,616
1.3%
Sales of Assets $1,323,220
28.8%
Other Income $168,817
3.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,901,434
98.7%
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 $3,522,579
Total Liabilities $0
Net Assets $3,522,579
Compensation
Key Employees and Officers Compensation Other
Thomas A Robinson (Director) $0 $0
David P Sutherland (Secretary) $0 $0
Gretchen C Valade (President) $0 $0
Chirstopher Collins (Director) $0 $0
Anthony Michaels (Director) $0 $0
Denny Stilwell (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,513,261
Expenses
$2,599,002
Net Income
-$1,085,741
Net Assets
$3,048,699
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $44
0.0%
Dividends $46,904
3.1%
Sales of Assets $1,215,892
80.3%
Other Income $250,421
16.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,578,770
99.2%
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 $3,048,699
Total Liabilities $0
Net Assets $3,048,699

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$636,361
Expenses
$2,278,192
Net Income
-$1,641,831
Net Assets
$5,782,651
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $68
0.0%
Dividends $77,863
12.2%
Sales of Assets $377,749
59.4%
Other Income $180,681
28.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,255,151
99.0%
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 $5,782,651
Total Liabilities $0
Net Assets $5,782,651

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$433,282
Expenses
$2,640,034
Net Income
-$2,206,752
Net Assets
$4,952,594
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $38
0.0%
Dividends $112,952
26.1%
Sales of Assets $250,356
57.8%
Other Income $69,936
16.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,608,244
98.8%
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 $4,952,594
Total Liabilities $0
Net Assets $4,952,594

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$519,631
Expenses
$2,288,006
Net Income
-$1,768,375
Net Assets
$7,164,588
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,661
0.5%
Dividends $157,428
30.3%
Sales of Assets $325,915
62.7%
Other Income $33,627
6.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,258,297
98.7%
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 $7,164,588
Total Liabilities $0
Net Assets $7,164,588

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,600,871
Expenses
$2,091,467
Net Income
$3,509,404
Net Assets
$8,934,253
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,977,946
88.9%
Interest Revenue $44,310
0.8%
Dividends $101,889
1.8%
Sales of Assets $427,333
7.6%
Other Income $49,393
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,079,268
99.4%
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 $8,934,253
Total Liabilities $0
Net Assets $8,934,253

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Types of Nonprofits

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