Valley Ventures Inc in Weirton, West Virginia (WV)

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Valley Ventures Inc
Employer Identification Number (EIN)161765080
Name of OrganizationValley Ventures Inc
Address100 Lee Ave, Weirton, WV 26062-4695
SubsectionCharitable Organization
Ruling Date03/2009
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$400,806
Amount of Income$130,185
Form 990 Revenue Amount$130,185
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


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Amount of income in 2011: $130,185 (it was $121,858 in 2010)
Valley Ventures Inc: 

 $130,185
Other organizations performing similar types of work: 

 $141,217

Assets in 2011: $400,806 (it was $355,615 in 2010)
Valley Ventures Inc: 

 $400,806
Other organizations performing similar types of work: 

 $121,026

Expenses in 2011: $111,927
Valley Ventures Inc: 

 $111,927
Other organizations performing similar types of work: 

 $118,087

Income to expenses ratio in 2011: 1.2
Valley Ventures Inc: 

 1.2
Other organizations performing similar types of work: 

 1.6

Grants share in income in 2011: 64.3%
This organization: 

 64.3%
Other organizations performing similar types of work: 

 87.4%

Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$130,185
Contributions, gifts, grants, and similar amounts received$83,725
Program service revenue including government fees and contracts$44,900
Membership dues and assessments$0
Investment income$1,560
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$111,927
Total net assets$110,208
Excess for the year$18,258
Net assets or fund balances at beginning of year$91,950
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$400,806
Total liabilities$290,598
Net assets or fund balances$110,208
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$278,428
Gifts, grants, contributions, and membership fees received$189,905
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$46,460
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$38,600
Other$3,463
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Ventura County Community Development Corporation2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813CA2003-05$5,683,551
2Bluefield State College Research And Development Corporation219 Rock Street Tax Exempt, Bluefield, WV 24701WV2003-03$1,187,302
3The Center Of Workforce Innovations Inc2804 Boilermaker Ct Ste E, Valparaiso, IN 46383-8418IN2000-06$8,642,806
4Grow America Fund Inc708 Third Avenue, New York, NY 10017-4201NY2013-02$8,175,642
5Capitalplus Exchange Corporation100 N Lasalle Street No 1710, Chicago, IL 60602IL2004-02$7,860,918
6Old Spanish Trail-Almeda Corridors Redevelopment Authority5445 Almeda Rd Ste 545, Houston, TX 77004-7450TX2014-09$7,381,617
7Rainier Valley Community Development Fund6951 Martin Luther King Jr Way S 22, Seattle, WA 98118-3597WA2003-12$6,748,450
8Downtown Pkb Inc409 1/2 Market St, Parkersburg, WV 26101WV2014-05$204,850
9Valley Ventures Inc100 Lee Ave, Weirton, WV 26062-4695WV2009-03$130,185
10Wheeling National Heritage Area Foundation1400 Main St, Wheeling, WV 26003-2824WV2001-05$61,402
11Jobs Foundation500 Neville St, Beckley, WV 25801-5342WV2001-06$55,018
12Forward Southern West Virginia IncPO BOX 5128, Beckley, WV 25801-7501WV2000-01$44,524
13Pocahontas Woods Inc115 Trotters Branch Road, Union, WV 24983WV2002-09$32,772
14Business Resource And Information Center Inc407 Ridgewood Drive, Beaver, WV 25813WV2007-07$0
15Hurricane Development Authority Inc3255 Teays Valley Rd, Hurricane, WV 25526-1319WV2014-02$0
16Marsh Fork Community AssociationN/A, Na, WV 25174WV2011-07$0
17Mineral County Development Authority87 N Main Street Ste 1, Keyser, WV 26726-3218WV2000-11$0
18Mountain Partners In Community Development IncPo Box 1184, Elkins, WV 26241WV1996-03$0
19Shinnston Area Development FoundationPO BOX 23, Shinnston, WV 26431-0023WV2003-10$0
20West Virginia Community Development Financial Institution IncPO BOX 2204, Charleston, WV 25328-2204WV2003-11$0
Number of organizations performing similar types of work
Alaska2
Alabama36
Arkansas9
Arizona16
California121
Colorado26
Connecticut22
District of Columbia16
Delaware6
Florida53
Georgia54
Hawaii10
Iowa18
Idaho7
Illinois68
Indiana30
Kansas9
Kentucky18
Louisiana32
Massachusetts22
Maryland45
Maine10
Michigan54
Minnesota10
Missouri35
Mississippi17
Montana9
North Carolina65
North Dakota5
Nebraska6
New Hampshire8
New Jersey38
New Mexico14
Nevada6
New York135
Ohio94
Oklahoma18
Oregon18
Pennsylvania93
Rhode Island2
South Carolina34
South Dakota10
Tennessee36
Texas74
Utah5
Virginia30
Vermont9
Washington29
Wisconsin30
West Virginia14
Wyoming3
International7
Total1,538

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