Overview
What is The Valley Economic Alliance?
The Valley Economic Alliance is a 501(c)(3) nonprofit organization established in 1995, following the Northridge earthquake. Based in Sherman Oaks, California, their mission is to unite various stakeholders, including businesses, government, education, and community organizations, to enhance the living standards and economic vitality across the five-city region of Burbank, Calabasas, Glendale, Los Angeles, and San Fernando. The region encompasses over 160,000 businesses and over 2 million residents, covering an area of more than 350 square miles. Their initiatives fall under four main areas: Economic Development, Education & Workforce Development, Livable & Sustainable Communities, and Marketing the Valley. In Economic Development, they work to attract new employers and retain jobs, assisting businesses and disadvantaged businesses to connect with free and low-cost resources. For Education & Workforce Development, they strengthen local schools and foster a well-trained workforce, collaborating with community colleges, universities, and employment centers. In Livable & Sustainable Communities, they focus on various quality of life issues such as affordable housing, homelessness, environmental sustainability, and access to healthcare, among others. Lastly, in Marketing the Valley, they promote the benefits of working, living, visiting, and getting an education in the San Fernando Valley. Overall, the Valley Economic Alliance aims to raise standards of living and economic vitality in the region.
Official website here: www.economicalliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Valley Economic Alliance has received a solid Three-Star rating from Charity Navigator, reflecting its strong commitment to accountability and effective financial management. With an Accountability & Finance Score of 81 and a notable 93 in Culture & Community, the organization demonstrates a robust operational framework with full compliance in key governance areas. The independent board members are fully compliant, scoring 100% for majority independence, which enhances the integrity of the organization.
Strengths include a high program expense ratio of 80.73%, indicating that a substantial portion of funding is directed towards its programs, which is critical for demonstrating impact. The organization also has effective policies in place, such as a conflict of interest and whistleblower policy, both of which contribute to transparent operations. The low liabilities to assets ratio of 4.38% suggests a solid financial foundation, providing reassurance to donors and stakeholders.
While the overall scores are positive, there is always room for improvement. The organization may focus on further enhancing its financial score to align with its strong culture and community engagement ratings. Continuous evaluation of operational practices could further strengthen its performance and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Valley Economic Alliance?
94% of 40 reviewers on Facebook recommend The Valley Economic Alliance. Here is a summary of their reviews:
Many reviewers appreciate the organization’s commitment to supporting local businesses and fostering economic growth in the community. They highlight the valuable networking opportunities provided by events and workshops, which are seen as beneficial for professional development and collaboration among business owners.
Overall, participants feel that The Valley Economic Alliance effectively delivers on its mission, making a positive impact on the local economy and business landscape. Members value their involvement and recognize the advantage of being part of such an engaging and supportive network.
This AI summary has been generated from reviews found on Facebook.
Is The Valley Economic Alliance legitimate?
The Valley Economic Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Valley Economic Alliance 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: $175,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $222,133
For more financial information, click here
Official website here: www.economicalliance.org
What is the mission statement of The Valley Economic Alliance?
The Valley Economic Alliance, established in 1995 following the Northridge earthquake, is a 501(c)(3) non-profit organization that serves as a strategic private-public collaborative. It comprises businesses, government entities, educational institutions, and community organizations with a shared mission. Their objective is to engage and unite stakeholders across a five-city region, aiming to enhance living standards and promote economic vitality. This alliance, which includes over 160,000 businesses and more than 2 million residents, encompasses an area of over 350 square miles. Their efforts focus on collaboratively working towards the betterment of their community.
Official website here: www.economicalliance.org
Who is the CEO of The Valley Economic Alliance?
Sonya Kay Blake is the CEO of The Valley Economic Alliance The CEO's salary of The Valley Economic Alliance is $175,099 and their total compensation is $175,099.
Official website here: www.economicalliance.org
What is the revenue of The Valley Economic Alliance?
The Valley Economic Alliance's revenue in 2024 was $823,517.
Official website here: www.economicalliance.org
Who are the executives of The Valley Economic Alliance and what are their salaries?
The average compensation at The Valley Economic Alliance during 2024 was $79,446. There are 5 employees and 120 volunteers at The Valley Economic Alliance.
Here are 86 key members and their salaries (The Valley Economic Alliance's CEO's salary is $175,099 and their total compensation is $175,099):
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Official website here: www.economicalliance.org
Where can I find the form 990 for The Valley Economic Alliance?
The Valley Economic Alliance's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.economicalliance.org
Learn more at the official website: www.economicalliance.org
Mission Statement of The Valley Economic Alliance
The Valley Economic Alliance, established in 1995 following the Northridge Earthquake, is a 501(c)(3) non-profit organization that serves as a strategic private-public collaborative. Comprising businesses, government entities, educational institutions, and community organizations, its mission is to engage and unite stakeholders from the five-city region of Burbank, Calabasas, Glendale, Los Angeles, and San Fernando. This collaborative aims to elevate the standards of living and foster economic vitality across this vast area, home to over 160,000 businesses and over 2 million residents, covering more than 350 square miles. By joining forces, The Valley Economic Alliance seeks to bring about meaningful changes and improvements in the region's economic landscape.
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Impact
July, 2024
The Valley Economic Alliance plays a crucial role in driving economic growth and enhancing the overall quality of life for residents in the San Fernando Valley. Through its strategic collaborations with businesses, government entities, educational institutions, and community organizations, the Alliance focuses on attracting new employers, retaining jobs, and connecting businesses to valuable resources. Additionally, their efforts in education and workforce development aim to strengthen local schools and cultivate a well-trained workforce by fostering partnerships with universities and employment centers.
The Alliance is also dedicated to promoting livable and sustainable communities by addressing pressing issues such as affordable housing, homelessness, environmental sustainability, access to healthcare, transportation, and public safety. By convening thought leaders and stakeholders on these critical topics, the Alliance contributes to creating a favorable environment for businesses and residents alike.
Furthermore, The Valley Economic Alliance actively markets the San Fernando Valley as a desirable place to work, live, visit, and pursue an education. This marketing effort helps showcase the benefits and opportunities available in the region, attracting investment and talent that further contribute to the economic vitality of the area.
This information is meant to be a general summary of The Valley Economic Alliance. 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 2024.
- Investment Income: $38,383
- Program Service Revenue: $279,307
- Gross Receipts: $823,517
Assets and Liabilities:
- Total Assets: $1,732,961
- Total Liabilities: $69,349
- Net Assets: $1,663,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Business Summits
Revenue
$23,018
Gala
Revenue
$238,133
Other
Revenue
$16,536
Steve Allen Education
Revenue
$1,620
Organization Details
Founding Year
1994
Principal Officer
Sonya Kay Blake
Website
www.economicalliance.orgNTEE Category
Code: V20 - Social research
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