Valleyfest
Nonprofit profile at a glance
- EIN
- 943152294
- IRS 990-EZ coverage
- 2011–2025
- Forms available
- Form 990-EZ 2025
- Location
- Spokane Valley, WA, USA
- Phone
- 5099223299
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $162,489
- Expenses
- $177,299
- Assets
- $27,102
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- PEGGY DOERING (EXECUTIVE DIRECTOR)
- CLAUD R WILHITE (BOARD PRESIDENT)
- GAIL BONGIOVANNI (BOARD VICE PRESIDENT)
People named in this filing
- PEGGY DOERING (EXECUTIVE DIRECTOR)
- CLAUD R WILHITE (BOARD PRESIDENT)
- GAIL BONGIOVANNI (BOARD VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
03. PART III. WHAT IS THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE? The Valleyfest mission is to produce community driven, safe, family oriented, visually dramatic festivals and events. Valleyfest showcases the talent that enriches the Spokane Valley Region and celebrates the visual and performing arts, education and recreation for the entire community to enjoy.
What it reported doing in 2025
VALLEYFEST EVENT. Valleyfest was founded in 1989 as a way to expose children to the benefits of art, science, nature, and recreation. Valleyfest has since evolved in a multi-faceted event showcasing the people and places that are the heart of Spokane Valley. The first event is the Miss Spokane Valley leadership event detailed in part iii, line 28 above. This event is followed in July by the Valleyfest sponsored "Cycle Celebration" described in part iii, line 29. "Cycle Celebration" encourages young and old to enjoy biking and celebrate the incorporation of Spokane Valley in 2003. Wrapping up in September, Valleyfest kicks off the 3-day community event with the "HEARTS OF GOLD" parade down the main street of Spokane Valley. The parade attracts as many as 10,000 spectators. The next day, Valleyfest, the premier community festival, invites visitors to Mirabeau Park & Centerplace Regional Event Center where adults and children have their pick of live entertainment on two stages with over 200 local, regional and national vendors on hand to provide our visitors with the opportunity to visit with other non-profit organizations, buy a local craft item or enjoy food from one of our many food vendors. If the youngsters in the family want to learn how to fish, Valleyfest offers "fishing at the falls," a very popular events for kids and parents. At the Centerplace Regional Event Center, Robotics, "STEAM" are just two of the many more participation events to keep the young mind as well as adults busy and engaged. 2025 also featured an expanded two-day Multicultural event designed to celebrate and share our diverse rich cultures and heritages with our neighbors through dance, art, music, fashion, food and businesses. Sunday begins the day with a pancake breakfast, then our visitors can wander through the car show featuring a wide variety of beautifully restored classic autos as well as the latest models. if your family is athletic, Valleyfest featured a MultiSport event to name but a few activities. Valleyfest, the two-day event annually draws over 30,000 visitors to the festivities held at the city of Spokane Valley Centerplace Event Center and the beautiful Mirabeau Park
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 100
- Sustainability: 23
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64%; rating input score 64
- Program expense ratio: 58.5%; rating input score 59
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -9.1%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.15; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: 0.8% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 0.3% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 64% of revenue deployed · 58.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $104K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 59/100.
- High — Sustainability: Operating margin scored 14/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Sustainability: Officer compensation ratio scored 23/100.