Overview

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Est.

2016

Fiscal Year Start

Apr 1

Organization Type

Grantseeker

AI Summary

FRIENDS OF THE VALDESE REC INC is a 501(c)(3) nonprofit organization dedicated to supporting the Valdese Parks and Recreation Department through volunteer efforts and fundraising initiatives, ultimately benefiting the local community and environment. With an operating budget of $315.2K and total revenue of $85.9K for the filing year 2025, the organization relies on diverse funding sources and does not depend on a single funder for more than 50% of its revenue. More information can be found on their website at https://www.friendsofthevaldeserec.org.

Mission Statement

THE CHARITABLE ORGANIZATION, AN ALL VOLUNTEER, 501C3 NON-PROFIT CORPORATION, WILL SUPPORT THE VALDESE PARKS AND RECREATION DEPARTMENT WITH VOLUNTEER HOURS AND FUNDRAISING FOR THE BETTERMENT OF THE DEPARTMENT, WHILE AT THE SAME TIME BENEFITING THE TOWN, THE CITIZENS AND THE ENVIORNMENT.
Revenues
$85.9K
Expenses
$315.2K
Net Income:
-$229.3K
Assets
$134.3K
Liabilities
$0
Net Assets:
+$134.3K
Operating Budget
$315.2K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$40K
Largest grant received
$40K
S
Spence Borden
Board Member
B
Beth Heile
Board Member
D
Don Brittain
Board Member

Frequently Asked Questions

What is FRIENDS OF THE VALDESE REC INC’s budget?
In 2025, FRIENDS OF THE VALDESE REC INC reported an annual operating budget of around $315 thousand. More detailed financial information is available to registered users.
What causes does FRIENDS OF THE VALDESE REC INC support?
FRIENDS OF THE VALDESE REC INC supports work in Sports and recreation.
Where does FRIENDS OF THE VALDESE REC INC operate?
FRIENDS OF THE VALDESE REC INC is headquartered in Valdese, NC.
Who funded FRIENDS OF THE VALDESE REC INC recently?
In 2024, FRIENDS OF THE VALDESE REC INC received grants from THE CANNON FOUNDATION INC, DUKE ENERGY FOUNDATION, and ROSTAN FAMILY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant FRIENDS OF THE VALDESE REC INC received in 2024?
The largest grant to FRIENDS OF THE VALDESE REC INC in 2024 exceeds $40 thousand.