North Carolina · Nonprofit
FRIENDS OF THE VALDESE REC INC
FRIENDS OF THE VALDESE REC INC (North Carolina) receives grants from 6 organizations whose IRS filings report $184,740 to it, the largest being ROSTAN FAMILY FOUNDATION ($132,500). 2 of them have funded it in more than one year.
- Revenue FY2026
- $26k
- Funders on record
- 6
- Grants received
- $185k
- Net assets
- $45k
What Friends of the Valdese Rec Inc does
Mission
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 environment.
As stated on its FY2026 Form 990.
Program
Our major focus has been fundraising for valdese lakeside park for the construction of amenitites and a bridge across mcgalliard falls.
$110,370 spent$25,095 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $110,370.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $364k to $134k (−63%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
100% of FRIENDS OF THE VALDESE REC INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2018 → 2022: the base held at 2 funders, grant income rose $11k → $130k.
2 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 6% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of FRIENDS OF THE VALDESE REC INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FRIENDS OF THE VALDESE REC INC leans on a few funders — its largest provides 72% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2018 95% · 2020 100% · 2021 61% · 2022 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
99% of FRIENDS OF THE VALDESE REC INC's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $11k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FRIENDS OF THE VALDESE REC INC's funding has concentrated — grant income rose while the number of funders held roughly flat.
this organization peer median middle 50% of peers· 433 recreation & sports nonprofits under $100k, FY2026
Organizations like FRIENDS OF THE VALDESE REC INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
96% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for FRIENDS OF THE VALDESE REC INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FRIENDS OF THE VALDESE REC INC?
- FRIENDS OF THE VALDESE REC INC (North Carolina) receives grants from 6 organizations whose IRS filings report $184,740 to it, the largest being ROSTAN FAMILY FOUNDATION ($132,500). 2 of them have funded it in more than one year.
- How many funders does FRIENDS OF THE VALDESE REC INC have?
- IRS filings report 6 organizations giving $184,740 in grants to FRIENDS OF THE VALDESE REC INC, 2 of which have funded it in more than one year.
- Who is the largest funder of FRIENDS OF THE VALDESE REC INC?
- ROSTAN FAMILY FOUNDATION is the largest funder on record, with $132,500 in grants. The full list of funders is on this page.
- How can an organization like FRIENDS OF THE VALDESE REC INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Friends of the Valdese Rec →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2026 (financials across 2021–2026), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing