2023-11-13T10:06:38-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2022-01-01 841637102 THE VALLEY COMMUNITY FOUNDATION INC VALL 2037519162 253-A ELIZABETH STREET DERBY CT 06418 SHARON L CLOSIUS PRESIDENT & CEO 2037519162 2023-11-10 1 SHARON CLOSIUS 999009999 0 MARY KAY CURTISS P01551484 8605614000 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHARON L CLOSIUS 253-A ELIZABETH STREET DERBY CT 06418 5116843 0 X WWW.VALLEYFOUNDATION.ORG X 2004 CT THE VALLEY COMMUNITY FOUNDATION'S MISSION IS TO MAKE THE VALLEY A BETTER PLACE TO LIVE AND WORK, BOTH NOW AND IN THE FUTURE, BY CONNECTING PRIVATE PHILANTHROPY TO THE LONG-TERM PUBLIC GOOD OF THE VALLEY. 15 15 5 0 0 0 3740512 3221082 0 0 1527875 1895761 0 0 5268387 5116843 1973432 2424667 0 0 502514 560133 0 0 210105 458533 490397 2934479 3475197 2333908 1641646 36191694 31974412 149155 159243 36042539 31815169 X THE VALLEY COMMUNITY FOUNDATION'S MISSION IS TO MAKE THE VALLEY A BETTER PLACE TO LIVE AND WORK, BOTH NOW AND IN THE FUTURE, BY CONNECTING PRIVATE PHILANTHROPY TO THE LONG-TERM PUBLIC GOOD OF THE VALLEY. 0 0 807953 630413 CIVIC VITALITY: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE CIVIC VITALITY. 528277 412193 HEALTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT ENSURE HEALTH AND WELLNESS. 497202 387947 EDUCATION: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROVIDE QUALITY EDUCATION. 1274080 994113 ARTS AND CULTURE: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE ARTS AND CULTURE. EXPENSES $217,526 INCLUDING GRANTS OF $169,727.ECONOMIC SUCCESS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE REGIONAL ECONOMIC SUCCESS. EXPENSES $186,451 INCLUDING GRANTS OF $145,480.YOUTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE HEALTHY YOUTH DEVELOPMENT. EXPENSES $621,502 INCLUDING GRANTS OF $484,933.BASIC NEEDS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE BASIC HUMAN NEEDS. EXPENSES $186,451 INCLUDING GRANTS OF $145,480.ENVIRONMENT: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE PROTECTION OF THE ENVIRONMENT. EXPENSES $62,150 INCLUDING GRANTS OF $48,493. 1274080 994113 3107512 1 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 12 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X X WENDY G GAMBA 2039741644 70 AUDUBON STREET NEW HAVEN CT 06510 ANGELA POWERS DIRECTOR 1.00 40.00 X 0 331651 43496 JACK WALSH CHAIR / DIRECTOR 1.00 X X 0 0 0 JENNIFER L MAGRI VICE-CHAIR / DIRECTOR 1.00 X X 0 0 0 RAY OPPEL TREASURER / DIRECTOR 1.00 X X 0 0 0 ALETA A MINER SECRETARY / DIRECTOR 1.00 X X 0 0 0 DON SMITH JR DIRECTOR 1.00 X 0 0 0 TERRY JONES DIRECTOR 1.00 1.00 X 0 0 0 MARIANNE SMYTHE DIRECTOR 1.00 X 0 0 0 DIANE STROMAN DIRECTOR 1.00 X 0 0 0 NANCY VALENTINE DIRECTOR 1.00 X 0 0 0 TAMMY BURRELL DIRECTOR 1.00 X 0 0 0 CHRISTOPHER GRIZZLE DIRECTOR 1.00 X 0 0 0 FRED ORTOLI DIRECTOR 1.00 X 0 0 0 GREG STAMOS DIRECTOR 1.00 X 0 0 0 PATRICIA TARASOVIC DIRECTOR 1.00 X 0 0 0 WENDY GAMBA CHIEF FINANCIAL OFFICER 10.00 40.00 X 0 194030 31783 SHARON L CLOSIUS PRESIDENT & CEO 40.00 X 177920 0 22224 177920 525681 97503 1 0 1 0 0 3221082 39923 3221082 385618 385618 1510143 0 1510143 1510143 1510143 5116843 0 0 1895761 2424667 2424667 196894 127981 29534 39379 275681 179193 41352 55136 30671 19936 4601 6134 23932 15556 3590 4786 32955 21421 4943 6591 19165 12457 2875 3833 292231 189950 43835 58446 5917 3846 888 1183 41492 26970 6224 8298 273 177 41 55 12268 7974 1840 2454 2781 1808 417 556 6717 4366 1008 1343 EQUIPMENT RENTAL AND MA 35819 23282 5373 7164 PRINTING AND PUBLICATIO 31908 20740 4786 6382 SPECIAL EVENTS 26847 17451 4027 5369 SUPPLIES 7219 4692 1083 1444 7760 5045 1163 1552 3475197 3107512 157580 210105 1037433 760890 72000 789923 210108 181537 37249 28571 23310740 19872317 11734272 10522711 36191694 31974412 64214 84888 84941 74355 149155 159243 X 36042539 31815169 36042539 31815169 36191694 31974412 1641646 -5869016 0 X X 0 1 X 1 0 X 3541682 2203963 1986133 3740512 3221082 14693372 3541682 2203963 1986133 3740512 3221082 14693372 1553878 13139494 263714 258690 328255 386735 385618 1623012 16316384 0.80530 0.80910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78 196 586348 1252698 295606 2153016 10696281 21118888 1 1 210108 181537 28571 28571 ALTERNATIVE INVESTMENTS 10522711 F 10522711 6775 -5869016 -5869016 5875791 292231 -1051179 -758948 5116843 2686102 0 2686102 292231 496864 789095 3475197 PART XI, LINE 4B - OTHER ADJUSTMENTS: ORGANIZATION FUNDS ADJUSTMENT -1,051,179. PART XII, LINE 4B - OTHER ADJUSTMENTS: ORGANIZATION FUNDS ADJUSTMENT 496,864. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 22001982 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 418028 0 0 0 0 0 0 22420010 0 22420010 0 0 0 0 0 0 PART I, LINE 3: FMV IS USED FOR INVESTMENTS. PART III ACCOUNTING METHOD: 1 DERBY PUBLIC LIBRARY 35000 0 ENDOWMENT DISTRIBUTION ANSONIA HIGH SCHOOL 5203 0 AWARDED TO A DESERVING STUDENT JULIA DAY NURSERY OF ANSONIA INC 30000 0 (2:3) GENERAL OPERATING SUPPORT SALVATION ARMY GREATER VALLEY CORPS 30000 0 (2:3)GENERAL OPERATING SUPPORT VALLEY YMCA 5187 0 FOR GENERAL PURPOSES AREA CONGREGATIONS TOGETHER INC 20000 0 FOR THE 2022 GREAT GIVE FOR GENERAL OPERATING SUPPORT HOUSATONIC COUNCIL BOY SCOUTS OF AMERICA 298292 0 SPECIAL DISTRIBUTION REQUEST FROM 11/15/21, ANNUAL ENDOWMENT DISTRIBUTION, (3:3) GENERAL OPERATING SUPPORT DERBY HISTORICAL SOCIETY 34000 0 (2:3) GENERAL OPERATING SUPPORT, DAVID HUMPHREYS HOUSE GRIFFIN HOSPITAL DEVELOPMENT FUND 30000 0 (2:3) GENERAL OPERATING SUPPORT GRIFFIN HOSPITAL 15576 0 TO SUPPRT PROGRAMS ADVANCING EDUCATION TEAM INC 112500 0 FOR THE 2022 GREAT GIVE, TO SUPPORT THE DIAPER BANK, (3:3) GENERAL OPERATING SUPPORT, FOR AFFORDABLE HOUSING INITIATIVE GIRL SCOUTS OF CONNECTICUT INC 10000 0 ACCESSIBLE BATHROOM AND CHANGING ROOMS AT CAMP CHRISTIAN COUNSELING & FAMILY LIFE CENTER 10000 0 STRATEGIC PLANNING PROCESS SHELTON ECONOMIC DEVELOPMENT CORPORATION 15000 0 GENERAL OPERATING SUPPORT BOYS & GIRLS CLUB OF THE LOWER NAUGATUCK VALL 108264 0 FOR THE 2022 GREAT GIVE, FOR THE CAPITAL PROJECT AS APPROVED BY SHAYE ROSCO, (3:3) GENERAL OPERATING SUPPORT, FOR EXERGAME PURCHASE AND INSTALLATION; DANCE MATS NEW HAVEN SYMPHONY ORCHESTRA 10000 0 2022-2023 SHELTON POPS SERIES UNIVERSITY OF NEW HAVEN 18423 0 SCHOLARSHIP WESTERN CONNECTICUT STATE UNIVERSITY 8364 0 SCHOLARSHIP BHCARE 95000 0 TO SPONSOR A CHANCE TO SHINE, FOR THE 2022 GREAT GIVE FOR ADVERTISING AND PUBLIC AWARENESS, FOR THE 2022 GREAT GIVE OPERATION FUEL INC 10000 0 EMERGENCY ENERGY DISTRIBUTION IN THE VALLEY SHELTON HISTORICAL SOCIETY 25000 0 (2:2) GENERAL OPERATING SUPPORT CENTRAL CONNECTICUT COAST YMCA 51355 0 (3:3) GENERAL OPERATING SUPPORT FOR VALLEY YMCA UNIVERSITY OF CONNECTICUT 27900 0 SCHOLARSHIP LITERACY VOLUNTEERS OF GREATER NEW HAVEN 20000 0 (3:3) GENERAL OPERATING SUPPORT SACRED HEART UNIVERSITY 8364 0 SCHOLARSHIP READ TO GROW 5100 0 BOOK MOBILE TRIPS TO THE VALLEY ROCHESTER INSTITUTE OF TECHNOLOGY 9200 0 SCHOLARSHIP JUNIOR ACHIEVEMENT OF GREATER FAIRFIELD COUNT 30000 0 (2:3) GENERAL OPERATING SUPPORT CHRIST EPISCOPAL CHURCH 31000 0 GENERAL OPERATING SUPPORT FOR KATHLEEN C.B. SAMELA OAK CLIFF CEMETERY ASSOCIATION 209286 0 QUARTERLY ENDOWMENT DISTRIBUTION ECHO HOSE HOOK AND LADDER VOLUNTEER AMBULANCE 35000 0 GENERAL OPERATING SUPPORT ONLINE JOURNALISM PROJECT INC 50000 0 (3:3) GENERAL OPERATING SUPPORT FOR VALLEY INDY VALLEY COUNCIL FOR HEALTH AND HUMAN SERVICES 25000 0 CONSULTANT COSTS CENTER STAGE THEATRE INC 35000 0 GENERAL OPERATING SUPPORT SHELTON HIGH SCHOOL 21875 0 ENHANCE TEACHING OF SCIENCE, AWARD TO A SENIOR MAJORING IN ACCOUNTING, SHELTON HIGH SCHOOL NON-ENDOWED SCHOLARSHIP FUND YALE NEW HAVEN HOSPITAL SAINT RAPHAEL CAMPUS 5764 0 FOR GENERAL PURPOSES VALLEY SHAKESPEARE FESTIVAL 20000 0 GENERAL OPERATING SUPPORT ADAM WYSOTA FOUNDATION 22000 0 (2:3) GENERAL OPERATING SUPPORT LIFE HEALTH AND WELLNESS CENTER INC 60000 0 GENERAL OPERATING SUPPORT A MORE BALANCE WORLD 14000 0 FOR BUILDING 2 MORE CLASSROOMS FOR THE PORTLAND SCHOOL THE HOMETOWN FOUNDATION INC 5300 0 HUNGERLESS HOLIDAYS PROGRAM CARTIE 10000 0 MOBILE ART MUSEUM THE EMERGENT LEADERS HBCU CIVIL RIGHTS TOUR 10000 0 SCHOOL TRIP TO HISTORICALLY BLACK COLLEGES AND UNIVERSITIES 43 PART I, LINE 2: GRANTS ARE MONITORED USING THE ON-LINE GIVEGREATER PLATFORM VIA ORGANIZATION PROFILES THAT ARE UPDATED ANNUALLY DIRECTLY BY THE ORGANIZATION, FORMAL ANNUAL/FINAL REPORTING QUESTIONS OR GRANT REMITTANCE FORMS. GRANTS ARE ALSO MONITORED THROUGH NARRATIVE REPORTS REQUIRED TO BE SUBMITTED BY THE GRANTEES. X X X X 0 0 0 0 0 0 0 1 0 ANGELA POWERS DIRECTOR 0 331651 0 0 0 0 0 26532 0 16964 0 375147 0 0 WENDY GAMBA CHIEF FINANCIAL OFFICER 0 194030 0 0 0 0 0 15522 0 16261 0 225813 0 0 SHARON L CLOSIUS PRESIDENT & CEO 168070 0 6600 0 3250 0 13974 0 8250 0 200144 0 0 0 PART I, LINE 7 BONUSES ARE AWARDED BASED ON THE ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS. X 1 39923 FMV 0 0 1 1 PART I, COLUMN (B): THE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: UTILIZE OUTSIDE INSTITUTIONAL BROKERAGE FIRMS TO ORDERLY LIQUIDATE ANY SECURITIES THAT ARE GIFTED TO THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 3 VALLEY COMMUNITY FOUNDATION HAS AN AFFILIATION AGREEMENT WTIH THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN. THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN PROVIDES FINANCIAL, INVESTMENT, HUMAN RESOURCES, PROGRAMMATIC, AND DEVELOPMENT STAFF EXPERTISE TO SUPPLEMENT THE VALLEY COMMUNITY FOUNDATION'S STAFF WORK. FORM 990, PART VI, SECTION B, LINE 11B THE 990 AND AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE AUDIT COMMITTEE, JOINTLY CONVENED WITH THE AFFILIATE, AND THE BOARD OF DIRECTORS BEFORE RELEASE AND SUBMISSION TO THE SERVICE AND THE GENERAL PUBLIC. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF AND BOARD MEMBERS MUST SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY TO UPDATE ANY EXISTING AFFILIATIONS. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION ANALYSIS WAS PERFORMED BY AN OUTSIDE CONSULTING FIRM. THE ANALYSIS WAS ADOPTED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE CEO PERFORMANCE IS REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE OR UPON REQUEST. GOVERNING DOCUMENTS AND THE COI POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE, JOINTLY CONVENED WITH ITS AFFILIATE, THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED IN THE CURRENT YEAR.