Mon Valley Alliance Foundation Inc
- Assets
- $1.5m
- Revenue
- $580.8k
- Investments
- $180.6k
- Employees
- 3
- Location
- Monongahela, PA
- Founding
- 07/1965
- Data as of
- 12/2021
- EIN
- 25-1154706
Organization Overview
Mon Valley Alliance Foundation Inc is located in Monongahela, PA. The organization was established in 1965. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Mon Valley Alliance Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mon Valley Alliance Foundation Inc 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, Mon Valley Alliance Foundation Inc generated $580.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $537.7k during the year ending 12/2021. While expenses have increased by 10.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND MARKET ECONOMIC DEVELOPMENT AND JOB CREATION IN THE MID MON VALLEY COMMUNITIES. OUR HISTORICAL LONGER-RANGE INITIATIVES OF PROMOTING TRANSPORTATION AND INDUSTRIAL PARK INFRASTRUCTURE WILL BE LEVERAGED THROUGH PUBLIC AND PRIVATE INVESTMENT AND INNOVATIVE STRATEGIC AND MASTER PLANNING ON TANGIBLE NEAR TERM PROJECTS INTENDED TO MEANINGFULLY IMPACT JOB GROWTH. THE RESULTS OF OUR ACTIVITIES ARE EXPECTED TO PRODUCE COMPLIMENTARY IMPROVEMENTS TO HOUSING, RETAIL AND RECREATIONAL ASSETS IN OUR GEOGRAPHICAL FRINGE COMMUNITIES AND BE COLLABORATIVE, SUPPORTIVE AND ACCRETIVE TO OTHER AGENCIES EFFORTS AND INCREASE THEIR ABILITY TO SUCCEED IN THEIR RESPECTIVE MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE ECONOMIC DEVELOPMENT AND IMPROVE THE BUSINESS ATMOSPHERE IN THE MON VALLEY REGION OF SOUTHWESTERN PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Brown Chief Executive Officer | Officer | 20 | $120,186 |
Randy Patterson Secretary | OfficerTrustee | 3 | $0 |
Michael Thornton Treasurer | OfficerTrustee | 2 | $0 |
John R Easoz Chairman | OfficerTrustee | 4 | $0 |
John Lacarte Vice Chairman | OfficerTrustee | 1 | $0 |
Anthony Mauro Executive Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $172,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,898 |
| Total Program Service Revenue | $600 |
| Investment income | $5,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $293 |
| Net Rental Income | $35,750 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,215 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,634 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,269 |
| Compensation of current officers, directors, key employees. | $29,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,535 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,742 |
| Payroll taxes | $20,482 |
| Fees for services: Management | $1,927 |
| Fees for services: Legal | $2,343 |
| Fees for services: Accounting | $7,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,647 |
| Advertising and promotion | $3,921 |
| Office expenses | $4,894 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $726 |
| Travel | $2,334 |
| 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 | $2,553 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $537,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,127 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $120,809 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,519 |
| Net Land, buildings, and equipment | $908,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $180,617 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,444 |
| Total assets | $1,480,333 |
| Accounts payable and accrued expenses | $15,132 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $10,033 |
| Total liabilities | $25,165 |
| Net assets without donor restrictions | $1,455,168 |
| Net assets with donor restrictions | $0 |
| 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 | $1,480,333 |
Grants Awarded
Over the last fiscal year, Mon Valley Alliance Foundation Inc has awarded $50,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FALLOWFIELD TOWNSHIP PURPOSE: BALLFIELD PARK FACILITY IMPROVEMENTS | $27,000 |
UNIVERSALWIT LLC PURPOSE: THIS WAS A PASS-THROUGH GRANT FROM KABOOM INC TO SUPPORT THEIR PROJECT TO BRING A SERIES OF POP-UP GAMES FOR KIDS AND ADULTS TO THE COMMUNITIES OF MCKEES ROCKS, MILLVALE, ALLENTOWN AND WILKINSBURG. | $13,500 |
Charleroi, PA PURPOSE: PARK MAINTANENCE | $5,000 |
Brownsville, PA PURPOSE: OPERATIONS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mon Valley Alliance Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Washington County Community Foundation Inc Eighty Four, PA PURPOSE: PROGRAM | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Calvert Impact Capital Inc Bethesda, MD | $679,643,317 | $23,234,500 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |