The Friends of Valley Forge

EIN: 232036005 501(c)(3)

Valley Forge, PA

Total Revenue
$663,132
Total Expenses
$334,029
Total Assets
$1,097,816
Net Assets
$1,088,770
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
PA
Principal Officer
Molly Duffy
Phone
6107831777
Tax Period
2023-10-01 to 2024-09-30

The Friends of Valley Forge, founded in 1976, is a small nonprofit that reported $663K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $329K, a strong 50% operating margin.

Mission

The mission of the organization is to inspire appreciation for and citizen stewardship of Valley Forge Park.

Program Service Accomplishments

Program 1
Expenses: $49,682 Revenue: $376,084

The Valley Forge Park Alliance is running a capital campaign to raise funds to renovate the Maurice Stephens House. The home has a great deal of historic value to the region and to Valley Forge Park...

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The Valley Forge Park Alliance is running a capital campaign to raise funds to renovate the Maurice Stephens House. The home has a great deal of historic value to the region and to Valley Forge Park. As part of the restoration, VFPA is planning to include expanding upon existing programs and creating new programs at the house, while also establishing a headquarters for their organization.

Program 2
Expenses: $22,831 Revenue: $47,861

The Friends of Valley Forge promote park awareness through collecting general donations, and collections for specific park projects and special events to enhance the park and the visitor experience...

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The Friends of Valley Forge promote park awareness through collecting general donations, and collections for specific park projects and special events to enhance the park and the visitor experience while at the park. The Organization had expenses incurred from their annual appeals, park projects/events and speaker series at the park. The total revenues are difficult to determine, but the number above represents all other contributions and gifts received.

Program 3
Expenses: $102,507 Revenue: $72,423

The Organization pays a monthly salary to the executive director, while also employing a few part-time and temporary employees, to help with membership support services, promotion of the Organization...

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The Organization pays a monthly salary to the executive director, while also employing a few part-time and temporary employees, to help with membership support services, promotion of the Organization and other general administrative expenses and costs. It would be nearly impossible to quanitfy their contributions, due to the subjective nature of the work, so we are including revenue items of. membership income as well as gifts to the organization.

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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 (2023)

Revenue Breakdown

Contributions & Grants $553,448
Program Service Revenue $19,920
Investment Income $87,264
Other Revenue $2,500
TOTAL REVENUE $663,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $146,439
Fundraising Expenses $52,148
Program Expenses $223,189
Other Expenses $187,590
TOTAL EXPENSES $334,029

Year-over-Year Comparison

2023 2022 Change
Revenue $663,132 $589,060 +0.1%
Expenses $334,029 $339,118 0.0%
Net Income $329,103 $249,942 +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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Governance

Voting Members
13
Independent Members
13
Employees
5
Volunteers
16

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
$90,000
Total Directors
16
$90,000
Key Employees
1
$90,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Molly Duffy Executive Director 35.00
Officer Director Key Emp
$90,000 $0 $90,000
Amy Johnson Chairman/Director 10.00
Officer Director
$0 $0 $0
Scott Sibley Vice Chairman 5.00
Officer Director
$0 $0 $0
Steven Ross Treasurer 5.00
Officer Director
$0 $0 $0
Melissa Jacobs Secretary 5.00
Officer Director
$0 $0 $0
Don Naimoli Director 5.00
Director
$0 $0 $0
Jeff Devlin Director 2.00
Director
$0 $0 $0
Tracey Sisko Director 1.00
Director
$0 $0 $0
Fazal Syed Director 1.00
Director
$0 $0 $0
Melissa Jacobs Director 1.00
Director
$0 $0 $0
Catherine E Wilson Director 1.00
Director
$0 $0 $0
Laura Manion Director 1.00
Director
$0 $0 $0
Jason Hall Director 1.00
Director
$0 $0 $0
Philip Ritter Director 1.00
Director
$0 $0 $0
Margot McGinley Director 1.00
Director
$0 $0 $0
Richard Herrera Director 1.00
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $663,132 $334,029 $1,097,816 $329,103
2023 $589,060 $339,118 $772,149 $249,942
2022 $246,923 $326,657 $510,657 $-79,734
2021 $312,854 $158,470 $594,546 $154,384
2020 $155,061 $176,402 $435,075 $-21,341
2019 $292,209 $262,318 $459,498 $29,891
2018 $254,944 $271,674 $428,429 $-16,730
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