Valley Foundation

San Jose, CA
Tax-exempt since June 1989
EIN: 94-1584547

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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

−$624k (2023)

Expenses

$4.03M (2023)

Total Assets

$64.4M (2023)

Total Liabilities

$41k (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 Sept.
2023

Revenue

-$623,505

Expenses

$4,034,123

Net Income

-$4,657,628

Net Assets

$64,318,918

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$73,688
Dividends	$954,988
Sales of Assets	$105,234
Other Income	-$1,757,415

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,668,075	90.9%
Compensation of Officers*	$57,000	1.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$64,359,918
Total Liabilities	$41,000
Net Assets	$64,318,918

Compensation

Key Employees and Officers	Compensation	Other
Phillip R Boyce (Chairman)	$19,000	$0
Dr Richard Sieve (Vice Chairman And Treasurer)	$19,000	$0
Robert A Lee (Secretary)	$19,000	$0

990-PF

Filed on July 22, 2024

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

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Fiscal Year Ending Sept.
2022

Revenue

$4,930,247

Expenses

$4,436,224

Net Income

$494,023

Net Assets

$60,822,599

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$38,840	0.8%
Dividends	$2,056,362	41.7%
Sales of Assets	$3,335,339	67.7%
Other Income	-$500,294

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,063,741	91.6%
Compensation of Officers*	$48,000	1.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$61,408,022
Total Liabilities	$585,423
Net Assets	$60,822,599

Compensation

Key Employees and Officers	Compensation	Other
Phillip R Boyce (Chairman)	$16,000	$0
Dr Richard Sieve (Vice Chairman And Treasurer)	$16,000	$0
Robert A Lee (Secretary)	$16,000	$0

990-PF

Filed on Aug. 14, 2023

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

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Sept.
2021

Revenue

$7,719,370

Expenses

$3,881,210

Net Income

$3,838,160

Net Assets

$75,066,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,252	0.2%
Dividends	$1,468,287	19.0%
Sales of Assets	$6,743,753	87.4%
Other Income	-$509,922

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,364,715	86.7%
Compensation of Officers*	$48,000	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$75,319,298
Total Liabilities	$252,901
Net Assets	$75,066,397

Compensation

Key Employees and Officers	Compensation	Other
Phillip R Boyce (Chairman)	$16,000	$0
Dr Richard Sieve (Vice Chairman And Treasurer)	$16,000	$0
Robert A Lee (Secretary)	$16,000	$0

990-PF

Filed on Aug. 10, 2022

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

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Sept.
2020

Revenue

$778,052

Expenses

$3,418,682

Net Income

-$2,640,630

Net Assets

$62,961,141

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,269	2.0%
Dividends	$1,703,018	> 100%
Sales of Assets	$0
Other Income	-$591,087

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,117,618	91.2%
Compensation of Officers*	$48,000	1.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$63,028,626
Total Liabilities	$67,485
Net Assets	$62,961,141

Compensation

Key Employees and Officers	Compensation	Other
Phillip R Boyce (Chairman)	$16,000	$0
Dr Richard Sieve (Vice Chairman And Treasurer)	$16,000	$0
Robert A Lee (Secretary)	$16,000	$0

990-PF

Filed on March 5, 2021

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

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XML

Fiscal Year Ending Sept.
2019

Revenue

$3,685,772

Expenses

$2,862,211

Net Income

$823,561

Net Assets

$65,638,326

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,103	0.2%
Dividends	$1,924,838	52.2%
Sales of Assets	$2,563,690	69.6%
Other Income	-$808,859

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,525,305	88.2%
Compensation of Officers*	$44,000	1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$65,710,326
Total Liabilities	$72,000
Net Assets	$65,638,326

Compensation

Key Employees and Officers	Compensation	Other
Dr Richard Sieve (Vice Chairman And Treasurer)	$16,000	$0
Robert A Lee (Secretary)	$16,000	$0
Phillip R Boyce (Chairman)	$12,000	$0

990-PF

Filed on Feb. 7, 2020

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

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Sept.
2018

Revenue

$3,316,856

Expenses

$2,454,492

Net Income

$862,364

Net Assets

$64,982,114

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,443	0.3%
Dividends	$1,466,528	44.2%
Sales of Assets	$2,150,681	64.8%
Other Income	-$308,796

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,116,931	86.2%
Compensation of Officers*	$68,000	2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$64,999,914
Total Liabilities	$17,800
Net Assets	$64,982,114

Compensation

Key Employees and Officers	Compensation	Other
Phillip R Boyce (Chairman)	$20,000	$0
Dr Richard Sieve (Vice Chairman And Treasurer)	$16,000	$0
Dr Herbert Kain (Board Member)	$16,000	$0
Robert A Lee (Secretary)	$16,000	$0

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990-PF

Filed on Feb. 11, 2019

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

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Fiscal Year Ending Sept.
2017

Revenue

$1,371,828

Expenses

$2,631,777

Net Income

-$1,259,949

Net Assets

$64,650,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26,785	2.0%
Dividends	$1,044,976	76.2%
Sales of Assets	$548,462	40.0%
Other Income	-$248,395

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,301,870	87.5%
Compensation of Officers*	$60,000	2.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$64,654,280
Total Liabilities	$4,275
Net Assets	$64,650,005

Compensation

Key Employees and Officers	Compensation	Other
Dr Richard Sieve (Vice Chairman)	$16,000	$0
Dr Herbert Kain (Board Member)	$16,000	$0
Robert Lee (Secretary)	$16,000	$0
Phillip R Boyce (Chairman)	$12,000	$0
Daniel P Doore (Treasurer)	$0	$0

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990-PF

Filed on Aug. 15, 2018

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

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Fiscal Year Ending Sept.
2016

Revenue

$3,628,345

Expenses

$4,157,582

Net Income

-$529,237

Net Assets

$61,498,106

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,348	0.1%
Dividends	$1,465,455	40.4%
Sales of Assets	$2,308,017	63.6%
Other Income	-$148,475

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,682,145	88.6%
Compensation of Officers*	$64,000	1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$61,596,826
Total Liabilities	$98,720
Net Assets	$61,498,106

Compensation

Key Employees and Officers	Compensation	Other
Phillip R Boyce (Chairman)	$16,000	$0
Dr Richard Sieve (Vice Chairman)	$16,000	$0
Dr Herbert Kain (Board Member)	$16,000	$0
Robert Lee (Secretary)	$16,000	$0
Daniel P Doore (Treasurer)	$0	$0

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990-PF

Filed on Aug. 3, 2017

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

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Fiscal Year Ending Sept.
2015

Revenue

$3,445,512

Expenses

$1,308,718

Net Income

$2,136,794

Net Assets

$59,254,366

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,301	0.2%
Dividends	$1,670,825	48.5%
Sales of Assets	$1,877,965	54.5%
Other Income	-$111,579

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$778,671	59.5%
Compensation of Officers*	$62,000	4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$59,255,926
Total Liabilities	$1,560
Net Assets	$59,254,366

Compensation

Key Employees and Officers	Compensation	Other
Phillip R Boyce (Chairman)	$15,500	$0
Dr Richard Sieve (Vice Chairman)	$15,500	$0
Dr Herbert Kain (Board Member)	$15,500	$0
Robert Lee (Secretary)	$12,000	$0
Daniel P Doore (Treasurer)	$3,500	$0

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990-PF

Filed on July 29, 2016

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

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Fiscal Year Ending Sept.
2014

Revenue

$5,117,324

Expenses

$584,283

Net Income

$4,533,041

Net Assets

$63,105,532

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,929	0.2%
Dividends	$1,752,063	34.2%
Sales of Assets	$3,356,332	65.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,194	4.0%
Compensation of Officers*	$80,500	13.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$64,105,532
Total Liabilities	$1,000,000
Net Assets	$63,105,532

Compensation

Key Employees and Officers	Compensation	Other
Phillip R Boyce (Chairman)	$14,000	$0
Dr Richard Sieve (Vice Chairman)	$14,000	$0
Dr Herbert Kain (Secretary)	$14,000	$0
Daniel P Doore (Treasurer)	$14,000	$0
Dr Arthur A Basham (Trustee)	$14,000	$0
Josheph Parisi (Trustee)	$10,500	$0

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990-PF

Filed on Aug. 12, 2015

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

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Fiscal Year Ending Sept.
2013

Revenue

$3,512,850

Expenses

$626,991

Net Income

$2,885,859

Net Assets

$59,403,106

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$29,468	0.8%
Dividends	$1,985,835	56.5%
Sales of Assets	$1,497,547	42.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,058,599	> 100%
Compensation of Officers*	$84,000	13.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$61,414,106
Total Liabilities	$2,011,000
Net Assets	$59,403,106

990-PF

Filed on April 28, 2014

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

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Fiscal Year Ending Sept.
2012

Revenue

$10,225,022

Expenses

$598,696

Net Income

$9,626,326

Net Assets

$54,170,984

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,645,022	16.1%
Sales of Assets	$8,580,000	83.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,542	20.1%
Compensation of Officers*	$84,000	14.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$57,220,429
Total Liabilities	$3,049,445
Net Assets	$54,170,984

990-PF

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

PDF

Fiscal Year Ending Sept.
2011

Revenue

$3,629,590

Expenses

$1,517,542

Net Income

$2,112,048

Net Assets

$47,103,170

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$70,186	1.9%
Dividends	$1,856,844	51.2%
Sales of Assets	$1,702,560	46.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,037,857	> 100%
Compensation of Officers*	$94,500	6.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$50,076,170
Total Liabilities	$2,973,000
Net Assets	$47,103,170

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

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Valley Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue −$624k (2023)

Expenses $4.03M (2023)

Total Assets $64.4M (2023)

Total Liabilities $41k (2023)

Tax Filings by Year

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

−$624k (2023)

Expenses

$4.03M (2023)

Total Assets

$64.4M (2023)

Total Liabilities

$41k (2023)

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001