THE VALERIE FUND

EIN: 222126867 501(c)(3)

MAPLEWOOD, NJ

Total Revenue
$9,029,743
Total Expenses
$7,125,848
Total Assets
$21,231,838
Net Assets
$19,621,956
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NJ
Principal Officer
BARRY KIRSCHNER
Phone
9737610422
Tax Period
2024-01-01 to 2024-12-31

THE VALERIE FUND, founded in 1976, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2024. The organization ran a surplus of $1.9M, a strong 21% operating margin.

Mission

THE VALERIE FUND IS A 501(C)3 NOT FOR PROFIT ORGANIZATION ESTABLISHED ON 1976 IN MEMORY OF NINE YEAR OLD VALERIE GOLDSTEIN BY HER PARENTS, ED AND SUE. THE VALERIE FUND'S MISSION IS TO PROVIDE SUPPORT FOR THE COMPREHENSIVE HEALTHCARE OF CHILDREN WITH CANCER AND BLOOD DISORDERS. FAMILIES TURN TO THE VALERIE FUND BECAUSE OF THE UNIQUE COMBINATION OF MEDICAL CARE, COUNSELING, AND OTHER SERVICES IT PROVIDES. THE VALERIE FUND CHILDREN'S CENTERS COMPRISE THE LARGEST NETWORK OF HEALTHCARE FACILITIES FOR CHILDREN WITH CANCER AND BLOOD DISORDERS IN NEW JERSEY, AND ONE OF THE LARGEST IN THE NATION. THE EIGHT CENTERS HOST APPROXIMATELY 31,000 PATIENT VISITS EACH YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,419,519
Program Service Revenue $0
Investment Income $763,422
Other Revenue $-153,198
TOTAL REVENUE $9,029,743

Expense Breakdown

Grants Paid $4,659,604
Salaries & Benefits $1,524,603
Fundraising Expenses $734,961
Program Expenses $6,190,629
Other Expenses $941,641
TOTAL EXPENSES $7,125,848

Year-over-Year Comparison

2024 2023 Change
Revenue $9,029,743 $8,611,163 +0.0%
Expenses $7,125,848 $5,940,358 +0.2%
Net Income $1,903,895 $2,670,805 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
12
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$290,151
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH M CYRIAC TRUSTEE 2.00
Director
$0 $0 $0
MATT DENICHILO TRUSTEE 2.00
Director
$0 $0 $0
HARRIET GREENHOLTZ TRUSTEE 2.00
Director
$0 $0 $0
DAVID NOVAK TRUSTEE 2.00
Director
$0 $0 $0
JANET KEATING TRUSTEE 2.00
Director
$0 $0 $0
NEIL MEHTA TRUSTEE 2.00
Director
$0 $0 $0
CARA LEWIS TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN SQUERI TRUSTEE 2.00
Director
$0 $0 $0
MERRIE BERNSTEIN TRUSTEE 2.00
Director
$0 $0 $0
CHRIS JOHNSON TRUSTEE 2.00
Director
$0 $0 $0
SHARON WEINTRAUB TRUSTEE 2.00
Director
$0 $0 $0
JUDITH SCHUMACHER-TILTON TRUSTEE 2.00
Director
$0 $0 $0
DOMINIC DIBARI TRUSTEE 2.00
Director
$0 $0 $0
JULIE RUBINSTEIN TRUSTEE 2.00
Director
$0 $0 $0
ROSS SILVER TRUSTEE 2.00
Director
$0 $0 $0
NEIL YARIS CHAIR 2.00
Officer Director
$0 $0 $0
JC UVA VICE CHAIR 2.00
Officer Director
$0 $0 $0
BRIAN FUHRO ESQ TREASURER 2.00
Officer Director
$0 $0 $0
BARRY KIRSCHNER EXECUTIVE DIRECTOR 40.00
Officer
$203,793 $25,154 $228,947
EGDA VELOZ DIRECTOR OF FINANCE 10.00
Officer
$61,204 $0 $61,204
LORI ABRAMS DIRECTOR OF DEVELOPMENT 40.00
Highest
$189,189 $16,955 $206,144
BERNICE FLANDERS DIRECTOR OF MARKETING AND 40.00
Highest
$179,575 $16,685 $196,260
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $9,029,743 $7,125,848 $21,231,838 $1,903,895
2023 $8,611,163 $5,940,358 $19,351,848 $2,670,805
2022 $7,561,676 $8,041,085 $16,465,291 $-479,409
2021 $8,258,769 $4,830,333 $15,846,475 $3,428,436
2020 $4,336,606 $4,757,422 $12,119,474 $-420,816
2019 $4,702,888 $5,098,557 $11,952,862 $-395,669
2018 $6,292,815 $5,083,569 $11,515,568 $1,209,246
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