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Valentine Foundation

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: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$410k (2023)

Expenses
$1.09M (2023)

Total Assets
$7.76M (2023)

Total Liabilities
$0 (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
$409,552
Expenses
$1,091,730
Net Income
-$682,178
Net Assets
$7,763,679
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $290,615
71.0%
Sales of Assets $118,112
28.8%
Other Income $825
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,000,775
91.7%
Compensation of Officers* $110,000
10.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,763,679
Total Liabilities $0
Net Assets $7,763,679
Compensation
Key Employees and Officers Compensation Other
Malcom G Meador (President/Director) $30,000 $0
Frank Perna (Treasurer/Director) $20,000 $0
Philip Panitz (Secretary/Director) $20,000 $0
Francis Dawson (Director) $20,000 $0
Clint Howard (Director) $20,000 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$512,065
Expenses
$1,325,697
Net Income
-$813,632
Net Assets
$8,447,378
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $224,832
43.9%
Sales of Assets $287,233
56.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,207,184
91.1%
Compensation of Officers* $110,000
8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,447,378
Total Liabilities $0
Net Assets $8,447,378
Compensation
Key Employees and Officers Compensation Other
Malcolm G Meador (President/Director) $30,000 $0
Francis Dawson (Director) $20,000 $0
Clint Howard (Director) $20,000 $0
Philip Panitz (Secretary/Director) $20,000 $0
Frank Perna (Treasurer/Director) $20,000 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,066,006
Expenses
$1,309,257
Net Income
-$243,251
Net Assets
$9,269,328
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,509
0.5%
Interest Revenue $0
Dividends $255,827
24.0%
Sales of Assets $804,670
75.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,181,730
90.3%
Compensation of Officers* $102,500
7.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,269,328
Total Liabilities $0
Net Assets $9,269,328
Compensation
Key Employees and Officers Compensation Other
Malcolm G Meador (President/Director) $22,500 $0
Francis Dawson (Director) $20,000 $0
Clint Howard (Director) $20,000 $0
Philip Panitz (Secretary/Director) $20,000 $0
Frank Perna (Treasurer/Director) $20,000 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$638,337
Expenses
$949,721
Net Income
-$311,384
Net Assets
$9,526,555
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $243,082
38.1%
Sales of Assets $395,255
61.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $832,564
87.7%
Compensation of Officers* $75,000
7.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,526,556
Total Liabilities $1
Net Assets $9,526,555
Compensation
Key Employees and Officers Compensation Other
Francis Dawson (Director) $15,000 $0
Clint Howard (Director) $15,000 $0
Malcolm G Meador (President/Director) $15,000 $0
Philip Panitz (Secretary/Director) $15,000 $0
Frank Perna (Treasurer/Director) $15,000 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$489,650
Expenses
$1,270,648
Net Income
-$780,998
Net Assets
$9,843,092
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $336,547
68.7%
Sales of Assets $152,370
31.1%
Other Income $733
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,159,367
91.2%
Compensation of Officers* $75,000
5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,843,093
Total Liabilities $1
Net Assets $9,843,092
Compensation
Key Employees and Officers Compensation Other
Francis Dawson (Director) $15,000 $0
Clint Howard (Director) $15,000 $0
Malcolm G Meador (President/Director) $15,000 $0
Philip Panitz (Secretary/Director) $15,000 $0
Frank Perna (Treasurer/Director) $15,000 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$572,626
Expenses
$843,589
Net Income
-$270,963
Net Assets
$10,641,147
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $30,309
5.3%
Interest Revenue $292
0.1%
Dividends $306,884
53.6%
Sales of Assets $235,141
41.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $719,685
85.3%
Compensation of Officers* $75,000
8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,641,147
Total Liabilities $0
Net Assets $10,641,147
Compensation
Key Employees and Officers Compensation Other
Francis Dawson (Dir) $15,000 $0
Clint Howard (Dir) $15,000 $0
Malcolm G Meador (Dir, Pres) $15,000 $0
Philip Garrett Panitz (Sec, Dir) $15,000 $0
Frank Perna (Dir, Treas) $15,000 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,305,964
Expenses
$571,693
Net Income
$10,734,271
Net Assets
$10,912,110
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,843,633
95.9%
Interest Revenue $115
0.0%
Dividends $306,077
2.7%
Sales of Assets $154,799
1.4%
Other Income $1,340
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $469,696
82.2%
Compensation of Officers* $56,250
9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,912,110
Total Liabilities $0
Net Assets $10,912,110
Compensation
Key Employees and Officers Compensation Other
Frank Dawson (Dir) $11,250 $0
Clint Howard (Dir) $11,250 $0
Malcolm G Meador (Dir, Pres, Sec*) $11,250 $0
Philip Garrett Panitz (Sec, Dir) $11,250 $0
Frank Perna (Dir, Treas) $11,250 $0
N Rebecca Valentine (Dir, Treas) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,042
Expenses
$16,308
Net Income
-$6,266
Net Assets
$177,839
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,098
60.7%
Sales of Assets $3,944
39.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,050
98.4%
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 $177,839
Total Liabilities $0
Net Assets $177,839
Compensation
Key Employees and Officers Compensation Other
Frank Dawson (Dir) $0 $0
Malcolm G Meador (Pres / Dir / Sec) $0 $0
Frank Perna (Dir) $0 $0
N Rebecca Valentine (Dir / Treas) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,556
Expenses
$16,428
Net Income
-$10,872
Net Assets
$184,105
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
0.0%
Dividends $5,554
100.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,050
97.7%
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 $184,105
Total Liabilities $0
Net Assets $184,105
Compensation
Key Employees and Officers Compensation Other
Frank Dawson (Dir) $0 $0
Malcolm G Meador (Pres / Dir / Sec) $0 $0
Frank Perna (Dir) $0 $0
N Rebecca Valentine (Dir / Treas) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,721
Expenses
$16,200
Net Income
-$6,479
Net Assets
$194,977
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,186
53.3%
Sales of Assets $4,535
46.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,050
99.1%
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 $194,977
Total Liabilities $0
Net Assets $194,977
Compensation
Key Employees and Officers Compensation Other
Frank Dawson (Dir) $0 $0
Malcolm G Meador (Pres / Dir / Sec) $0 $0
Frank Perna (Dir) $0 $0
N Rebecca Valentine (Dir / Treas) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,026
Expenses
$16,292
Net Income
-$9,266
Net Assets
$201,456
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
0.0%
Dividends $4,515
64.3%
Sales of Assets $2,509
35.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,874
97.4%
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 $201,456
Total Liabilities $0
Net Assets $201,456
Compensation
Key Employees and Officers Compensation Other
Frank Dawson (Dir) $0 $0
Malcolm G Meador (Pres / Dir / Sec) $0 $0
Frank Perna (Dir) $0 $0
N Rebecca Valentine (Dir / Treas) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,982
Expenses
$15,226
Net Income
-$9,244
Net Assets
$210,721
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,626
77.3%
Sales of Assets $1,356
22.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,000
98.5%
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 $210,722
Total Liabilities $1
Net Assets $210,721

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,297
Expenses
$15,602
Net Income
-$7,305
Net Assets
$219,965
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,227
50.9%
Sales of Assets $4,070
49.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,275
97.9%
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 $219,966
Total Liabilities $1
Net Assets $219,965

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

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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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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