Civic Intelligence

True Skool Inc.

990 • Fiscal year 2021 • EIN 20-3662807

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

161 W Wisconsin Ave Ste LL1000Milwaukee, WI 53203

(414) 445-9079

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.09x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.03x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

45th percentile

5.0%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$75,061

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 17.4% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

68th percentile

23%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

65th percentile

26%

Faster revenue growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$122,014

Up $22,807 (+23%) from 2020

Net Assets

Up

$110,569

Up $21,584 (+24%) from 2020

Liabilities

Up

$11,445

Up $1,223 (+12%) from 2020

Revenue

Up

$431,719

Up $88,139 (+26%) from 2020

Expenses

Up

$410,135

Up $115,378 (+39%) from 2020

Net Income

Down

$21,584

Down $27,239 (-56%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $55,884Liabilities 2011: $02011Assets 2012: $44,061Liabilities 2012: $02012Assets 2013: $29,058Liabilities 2013: $14,209Net Assets 2013: $14,8492013Assets 2014: $5,201Liabilities 2014: $24,0562014Assets 2015: $70,928Liabilities 2015: $22,550Net Assets 2015: $48,3782015Assets 2016: $24,107Liabilities 2016: $23,303Net Assets 2016: $8042016Assets 2017: $55,600Liabilities 2017: $16,285Net Assets 2017: $39,3152017Assets 2018: $124,959Liabilities 2018: $7,857Net Assets 2018: $117,1022018Assets 2019: $49,450Liabilities 2019: $9,288Net Assets 2019: $40,1622019Assets 2020: $99,207Liabilities 2020: $10,222Net Assets 2020: $88,9852020Assets 2021: $122,014Liabilities 2021: $11,445Net Assets 2021: $110,5692021Assets 2022: $316,502Liabilities 2022: $75,176Net Assets 2022: $241,3262022Assets 2023: $111,288Liabilities 2023: $14,958Net Assets 2023: $96,3302023Assets 2024: $96,389Liabilities 2024: $28,931Net Assets 2024: $67,4582024

Highlighted filing

2021

Assets$122,014
Liabilities$11,445
Net Assets$110,569

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $157,080Expenses 2011: $93,606Net Income 2011: $63,4742011Revenue 2012: $176,398Expenses 2012: $162,089Net Income 2012: $14,3092012Revenue 2013: $219,773Expenses 2013: $177,432Net Income 2013: $42,3412013Revenue 2014: $181,224Expenses 2014: $214,926Net Income 2014: -$33,7022014Revenue 2015: $348,968Expenses 2015: $235,297Net Income 2015: $113,6712015Revenue 2016: $253,040Expenses 2016: $309,208Net Income 2016: -$56,1682016Revenue 2017: $291,669Expenses 2017: $253,158Net Income 2017: $38,5112017Revenue 2018: $388,379Expenses 2018: $310,952Net Income 2018: $77,4272018Revenue 2019: $255,221Expenses 2019: $332,161Net Income 2019: -$76,9402019Revenue 2020: $343,580Expenses 2020: $294,757Net Income 2020: $48,8232020Revenue 2021: $431,719Expenses 2021: $410,135Net Income 2021: $21,5842021Revenue 2022: $548,543Expenses 2022: $417,786Net Income 2022: $130,7572022Revenue 2023: $342,251Expenses 2023: $487,247Net Income 2023: -$144,9962023Revenue 2024: $406,107Expenses 2024: $434,979Net Income 2024: -$28,8722024

Highlighted filing

2021

Revenue$431,719
Expenses$410,135
Net Income$21,584
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.0
Gross Receipts
$431,884
Mission and Program Overview

Mission

TRUE Skool's mission is to use urban arts as a tool to engage youth and communities in social justice, humanities, education, leadership and workforce development.

To engage, educate and empower youth and communities through the creative arts and hip hop culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$84,417$62,312▼ $22,105
Accounts Receivable$13,990$59,702▲ $45,712
Prepaid Expenses and Deferred Charges$800--
Total Assets$99,207$122,014▲ $22,807
Liabilities
Accounts Payable and Accrued Expenses$10,222$11,445▲ $1,223
Other Liabilities$0$0→ $0
Total Liabilities$10,222$11,445▲ $1,223
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$68,834$85,207▲ $16,373
Net Assets With Donor Restrictions$20,151$25,362▲ $5,211
Total Net Assets Fund Balance$88,985$110,569▲ $21,584
Total Liabilities and Net Assets / Fund Balance$99,207$122,014▲ $22,807
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Fidel VerdinCo-Executive DirectorFT$75,061$75,061
Shalina S AliCo-Executive DirectorFT$75,061$75,061

Board Members and Trustees

NameTitle
Tiffany StankiewiczPresident
Mo HusseinDirector
Tom GoldingDirector
JoAnna BautchCommunications Secretary
Kurt DavisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$387,208
Program Service Revenue
$43,428
Investment Income
$0
Other Revenue
$1,083
All Other Contributions
$289,347
Change in Net Assets
$21,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$182,388
Other Expenses$152,747
Grants and Similar Amounts Paid$75,000
Total Fundraising Expense$11,003
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$105,486$37,674$7,535$150,695
Grants to Domestic Individuals$75,000--$75,000
Fees for Services Other$66,720--$66,720
Occupancy$15,062$4,222-$19,284
Other Salaries and Wages$5,795$9,955-$15,750
Fees for Services Accounting-$14,107-$14,107
Payroll Taxes$8,592$3,694$580$12,866
Office Expenses$6,672$1,156-$7,828
Travel$5,956--$5,956
All Other Expenses$2,328$244$1,833$4,405
Other Expenses$4,203$0$0$4,203
Insurance$2,698$1,485-$4,183
Other Employee Benefits$2,154$769$154$3,077
Conferences and Meetings$1,543--$1,543
Advertising$180-$705$885
Information Technology$388--$388
Total Functional Expenses$325,826$73,306$11,003$410,135
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Board reviews the 990 prior to filing

Form 990, Part VI, Section B, Line 12C

Discussed with board members and they declared at board meeting.

Form 990, Part VI, Section B, Line 15

Board has separate meeting to discuss Co-Executive Directors' salaries.

Form 990, Part VI, Section C, Line 19

Available upon request.

Filing and Contact Details

Filer

Filer Name
True Skool Inc
EIN
20-3662807
Phone
4144459079
Address
161 W Wisconsin Ave Ste LL1000, Milwaukee, WI 53203

Signing Officer

Name
Shalin S Ali
Title
Co-Executive Director
Phone
4144459079
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shalina S Ali
Formed
2005
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
25

Preparer

Firm
RSF Accounting Inc
Address
PO Box 26818, Milwaukee, WI 53226
Preparer
Maureen Fluyeras
Phone
4142266763
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Artist Fees 41,858 Other 24,862

Financial Statement Notes

Schedule D, Part X, Line 2

The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code as a charitable organization whereby only unrelated business income, as defined by Section 509(a)(1) of the Code, is subject to federal income tax. The Organization does not have any unrelated business income tax. Accordingly, no provision for income taxes has been recorded. The Organization recorded no assets or liabilities related to uncertain tax positions. The Organization has implemented accounting for uncertainty in income taxes in accordance with U.S. GAAP. This standard describes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognizing, interest, penalties and disclosure required. Management of the Organization evaluates the uncertain tax positions taken, if any, and consults with outside counsel as deemed necessary. The Organization recognizes interest and penalties, if any, related to unrecognized tax liabilities in income tax expense.

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IRS990/Desc0TRUE Skool engages, educates and empowers youth through transformative arts and hip hop culture cultivating the next generation of leadership who are invested in the growth of our city and having a positive social impact. During 2021, TRUE Skool served over 300 youth through virtual, in person and in school residencies empowering the next generation of leadership to be invested in the current growth of our city, having a positive social impact in areas not limited to but focused on environment and placemaking.
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IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0109152
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt029414
IRS990/PYRevenuesLessExpensesAmt048823
IRS990/PYSalariesCompEmpBnftPaidAmt0185605
IRS990/PYTotalExpensesAmt0294757
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0343580
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt021584
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt044511
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Fundraising 2018-$6621 2019-$869 Rent 2018-$900 Other 2018-$180 2019-$1398
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0387208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0314166
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0200773
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0309617
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0271739
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01483503
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0220894
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02267
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt07701
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09968
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69433
IRS990ScheduleA/PublicSupportPY170Pct00.75881
IRS990ScheduleA/PublicSupportTotal170Amt01036955
IRS990ScheduleA/SubstantialContributorsTotAmt0446548
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0387208
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0314166
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0200773
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0309617
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0271739
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01483503
IRS990ScheduleA/TotalSupportAmt01493471
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code as a charitable organization whereby only unrelated business income, as defined by Section 509(a)(1) of the Code, is subject to federal income tax. The Organization does not have any unrelated business income tax. Accordingly, no provision for income taxes has been recorded. The Organization recorded no assets or liabilities related to uncertain tax positions. The Organization has implemented accounting for uncertainty in income taxes in accordance with U.S. GAAP. This standard describes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognizing, interest, penalties and disclosure required. Management of the Organization evaluates the uncertain tax positions taken, if any, and consults with outside counsel as deemed necessary. The Organization recognizes interest and penalties, if any, related to unrecognized tax liabilities in income tax expense.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt050000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt125000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Artist Grant Recipient
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Artist Grant Filmmaker Recipient
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt10
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt011
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt14
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Cash
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1Cash
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grant submissions from individual artists were submitted to a committee to select recipients. The list of selected recipients was submitted to accounting to process payments. No Studios monitored the artists progress and use of funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board reviews the 990 prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Discussed with board members and they declared at board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board has separate meeting to discuss Co-Executive Directors' salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Artist Fees 41,858 Other 24,862
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt099207
IRS990/TotalAssetsEOYAmt0122014
IRS990/TotalAssetsGrp/BOYAmt099207
IRS990/TotalAssetsGrp/EOYAmt0122014
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0387208
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011003
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073306
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0325826
IRS990/TotalFunctionalExpensesGrp/TotalAmt0410135
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010222
IRS990/TotalLiabilitiesEOYAmt011445
IRS990/TotalLiabilitiesGrp/BOYAmt010222
IRS990/TotalLiabilitiesGrp/EOYAmt011445
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt088985
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0110569
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.29$0.67$4.06$4.35$0.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.15$0.96$3.42$4.87$1.45
2022Detailed filing. Detailed filing data is available for this year.$3.17$0.75$2.41$5.49$4.18$1.31
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.11$1.11$4.32$4.10$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.10$0.89$3.44$2.95$0.49
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.09$0.40$2.55$3.32$0.77
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.08$1.17$3.88$3.11$0.77
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.16$0.39$2.92$2.53$0.39
2016Summary only. Only limited summary data is available for this year.$0.24$0.23$0.01$2.53$3.09$0.56
2015Summary only. Only limited summary data is available for this year.$0.71$0.23$0.48$3.49$2.35$1.14
2014Summary only. Only limited summary data is available for this year.$0.05$0.24$1.81$2.15$0.34
2013Summary only. Only limited summary data is available for this year.$0.29$0.14$0.15$2.20$1.77$0.42
2012Summary only. Only limited summary data is available for this year.$0.44$0.00$1.76$1.62$0.14
2011Summary only. Only limited summary data is available for this year.$0.56$0.00$1.57$0.94$0.63