Valerie Fund
- Assets
- $15.8m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Maplewood, NJ
- Founding
- 03/1979
- Data as of
- 12/2021
- EIN
- 22-2126867
Organization Overview
Valerie Fund is located in Maplewood, NJ. The organization was established in 1979. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Valerie Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valerie Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Valerie Fund generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Valerie Fund has awarded 53 individual grants totaling $18,954,345. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VALERIE FUND IS A 501(C)3 NOT FOR PROFIT ORGANIZATION ESTABLISHED ON 1976 IN MEMORY OF NINE YEAR OLD VALERIE GOLDSTEIN BY HER PARENTS, ED AND SUE. THE VALERIE FUND'S MISSION IS TO PROVIDE SUPPORT FOR THE COMPREHENSIVE HEALTHCARE OF CHILDREN WITH CANCER AND BLOOD DISORDERS. FAMILIES TURN TO THE VALERIE FUND BECAUSE OF THE UNIQUE COMBINATION OF MEDICAL CARE, COUNSELING, AND OTHER SERVICES IT PROVIDES. THE VALERIE FUND CHILDREN'S CENTERS COMPRISE THE LARGEST NETWORK OF HEALTHCARE FACILITIES FOR CHILDREN WITH CANCER AND BLOOD DISORDERS IN NEW JERSEY, AND ONE OF THE LARGEST IN THE NATION. THE SEVEN CENTERS HOST APPROXIMATELY 22,500 PATIENT VISITS EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VALERIE FUND SUPPORTS PSYCHOSOCIAL PROGRAMS INCLUDING THE CHILD LIFE ACTIVITIES AND SOCIAL WORK PROGRAMS AT SEVEN HOSPITAL-BASED VALERIE FUND CENTERS IN NEW YORK & NEW JERSEY.CHILDREN AND THEIR FAMILIES VISITED THE CENTERS MORE THAN 33,000 TIMES IN 2021, ALL TO BE TREATED FOR CANCER AND OTHER BLOOD DISORDERS.THE VALERIE FUND ALSO HOSTS HOLIDAY PARTIES AT ITS CENTERS DURING THE YEAR.
CAMP HAPPY TIMESTHE VALERIE FUND OPERATES CAMP HAPPY TIMES, A FREE ONE-WEEK SUMMER CAMP FOR CHILDREN WITH CANCER. CAMP HAPPY TIMES SERVES APPROXIMATELY 200 CHILDREN AND TEENAGE PATIENT LEADERS-IN-TRAINING. ADDITIONALLY, THE VALERIE FUND PROVIDES TRANSPORTATION AND FUNDING FOR APPROXIMATELY 100 CHILDREN WITH CANCER AND BLOOD DISORDERS TO ATTEND OTHER CAMP PROGRAMS DESIGNED FOR THEIR NEEDS THROUGHOUT THE YEAR. IN 2021 CAMPS WERE HELD VIRTUALLY DUE TO THE PANDEMIC.
ADVOCACYTHE VALERIE FUND ENGAGES IN YEAR ROUND ADVOCACY AND SUPPORT FOR THE CHILDREN TREATED WITH CANCER AND BLOOD DISORDERS. THE FUND HAS CREATED A SCHOLARSHIP PROGRAM TO PROMOTE EDUCATION AND ADVANCEMENT OF CHILDREN TREATED AT THE CENTERS. IN 2021 THERE WERE 106 CANCER AND BLOOD DISORDER STUDENTS WHO RECEIVED OVER $394,000 IN HIGHER EDUCATION SCHOLARSHIPS.THE FUND ALSO PROVIDES FUNDING FOR THE PSYCHO-SOCIAL STAFF TO ATTEND NATIONAL CONFERENCES TO ENHANCE THE PSYCHOLOGICAL AND EMOTIONAL CARE OF THE CHILDREN UNDER TREATMENT,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Kirschner Executive Director | Officer | 40 | $199,919 |
Lori Abrams Development Director | 40 | $172,024 | |
Bernice Flanders Communications Director | 40 | $168,235 | |
Reid Zamkotowicz Assistant Director | 40 | $119,748 | |
Donald Robinson Director Of Finance | Officer | 40 | $65,096 |
Neil Yaris Board Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,270,968 |
| Related organizations | $0 |
| Government grants | $181,508 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,767,693 |
| Noncash contributions included in lines 1a–1f | $232,395 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,220,169 |
| Total Program Service Revenue | $0 |
| Investment income | $250,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,094 |
| Net Income from Fundraising Events | -$262,306 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,258,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,601,311 |
| Grants and other assistance to domestic individuals. | $394,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $289,911 |
| Compensation of current officers, directors, key employees. | $27,259 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $848,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,509 |
| Payroll taxes | $84,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,342 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,003 |
| Insurance | $22,840 |
| All other expenses | $17,985 |
| Total functional expenses | $4,830,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $791,075 |
| Savings and temporary cash investments | $5,345,708 |
| Pledges and grants receivable | $921,757 |
| Accounts receivable, net | $337,025 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,742 |
| Net Land, buildings, and equipment | $269,187 |
| Investments—publicly traded securities | $8,125,981 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,846,475 |
| Accounts payable and accrued expenses | $240,478 |
| Grants payable | $0 |
| Deferred revenue | $206,204 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $168,127 |
| Total liabilities | $614,809 |
| Net assets without donor restrictions | $10,049,270 |
| Net assets with donor restrictions | $5,182,396 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,846,475 |
Grants Awarded
Over the last fiscal year, Valerie Fund has awarded $2,601,311 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Newark, NJ PURPOSE: SUPPORT OF CHILDREN'S CENTER | $834,673 |
Morristown, NJ PURPOSE: SUPPORT OF CHILDREN'S CENTER | $639,506 |
Phoenix, AZ PURPOSE: SUPPORT OF CHILDREN'S CENTER | $421,492 |
Philadelphia, PA PURPOSE: SUPPORT OF CHILDREN'S CENTER | $298,431 |
Oceanport, NJ PURPOSE: SUPPORT OF CHILDREN'S CENTER | $213,682 |
New York, NY PURPOSE: SUPPORT OF CHILDREN'S CENTER | $193,527 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Valerie Fund has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
The Ruth Kissler Warshaw Memorial Foundation Inc Carlstadt, NJ PURPOSE: DONATION | $10,000 |
Joseph H Feldman Family Foundation Inc Florham Park, NJ PURPOSE: UNRESTRICTED GRANT FOR THE ORGANIZATION'S EXMEPT PURPOSE. | $5,000 |
Manasquan Bank Charitable Foundation Inc Wall Township, NJ PURPOSE: ASSIST CHILDREN WITH ILLNESSES | $2,500 |
Endowment Analysis
| Beg. Balance | $2,183,311 |
| Earnings | $114,129 |
| Other Expense | $18,584 |
| Ending Balance | $2,278,856 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
United Way Of Bergen County Paramus, NJ | $30,271,619 | $16,270,987 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |
United Way Of Berks County Reading, PA | $37,493,734 | $14,271,656 |
Keren Hayeshivot Trust Brooklyn, NY | $1,238,192 | $11,653,329 |
Jewish Federation Of Northern New Jersey Inc Paramus, NJ | $65,504,215 | $14,848,347 |
Ovarian Cancer Research Fund Inc New York, NY | $32,985,153 | $13,088,201 |
United Way Of Central New York Inc Syracuse, NY | $9,420,955 | $9,385,723 |
Jewish Community Federation Of Greater Rochester Ny Inc Rochester, NY | $41,052,152 | $11,910,754 |
United Way Of The Capital Region Enola, PA | $30,416,646 | $10,642,115 |