Overview
What is Valley Relics?
Valley Relics is a nonprofit organization located in North Hollywood, California, specifically at 13212 Raymer Street, ZIP code 91605. Their primary mission is to educate the public about the historical artifacts and heritage of Los Angeles and the San Fernando Valley. Through their activities, they exhibit and showcase various artifacts that provide valuable insights into the history of these regions. By doing so, they aim to benefit the public by fostering a deeper understanding and appreciation of their local history.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 10%
Valley Relics has received a low score of 10%, which translates to a Zero-Star out of Four Star rating, primarily reflecting significant shortcomings in accountability and financial practices. The organization lacks independent board members, which raises concerns regarding governance and oversight. Additionally, the absence of essential policies such as conflict of interest, whistleblower, and document retention further highlights governance weaknesses.
Financially, the charity's liabilities exceed its assets at a ratio of 82.64%, indicating potential financial instability. Although the program expense ratio stands at 40.90%, the overall financial management appears to be lacking, as other critical financial documentation is missing, including minutes from board meetings and the organization’s tax form on its website.
In summary, Valley Relics faces considerable challenges in both accountability and financial management, which are critical factors for donor trust and sustainability. Potential supporters should carefully weigh these issues before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Relics legitimate?
Valley Relics is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Relics submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Valley Relics?
Valley Relics, an organization dedicated to historical preservation, aims to educate the public about the historical artifacts of the Los Angeles and San Fernando Valley areas. Through the display of these artifacts, the organization seeks to provide valuable insights and benefits to the general public. Valley Relics serves as a vital resource for those interested in learning about the rich history of these regions. By showcasing these artifacts, the organization contributes to a broader understanding of the past and its impact on the present. The mission of Valley Relics is to foster a connection between the community and its historical heritage, promoting appreciation and education about the region's history.
What is the revenue of Valley Relics?
Valley Relics's revenue in 2023 was $495,515.
Who are the executives of Valley Relics and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Valley Relics?
Valley Relics's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Valley Relics
Valley Relics, a nonprofit organization, is dedicated to showcasing historical artifacts related to the Los Angeles and San Fernando Valley regions. Its primary mission is to educate the public about these artifacts, aiming to benefit and enrich their understanding of the area's past. By displaying these historical relics, Valley Relics contributes to a more informed and engaged community, fostering a sense of pride and connection to its local heritage.
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Impact
July, 2024
Valley Relics plays a vital role in educating the public about the rich historical artifacts of the Los Angeles and San Fernando Valley areas. By displaying these artifacts, they help preserve the cultural heritage of these regions and provide valuable insights into the past for the benefit and education of all who visit. Through their mission, Valley Relics contributes to the promotion of arts and cultural awareness while fostering a sense of community and pride in the history of these areas.
This information is meant to be a general summary of Valley Relics. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1
- Program Service Revenue: $455,498
- Gross Receipts: $495,515
Assets and Liabilities:
- Total Assets: $280,974
- Total Liabilities: $129,196
- Net Assets: $151,778
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Organization Details
Founding Year
2012
Principal Officer
Thomas V Gelinas
NTEE Category
Code: A50 - Arts
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