Civic Intelligence

True Skool Inc.

990 • Fiscal year 2022 • EIN 20-3662807

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

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

78th percentile

0.24x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.14x

Higher debt load relative to revenue than 71% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

74th percentile

24%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

79th percentile

$74,970

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

95th percentile

159%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

68th percentile

27%

Faster revenue growth than 68% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$316,502

Up $194,488 (+159%) from 2021

Net Assets

Up

$241,326

Up $130,757 (+118%) from 2021

Liabilities

Up

$75,176

Up $63,731 (+557%) from 2021

Revenue

Up

$548,543

Up $116,824 (+27%) from 2021

Expenses

Up

$417,786

Up $7,651 (+1.9%) from 2021

Net Income

Up

$130,757

Up $109,173 (+506%) from 2021

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

2022

Assets$316,502
Liabilities$75,176
Net Assets$241,326

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

2022

Revenue$548,543
Expenses$417,786
Net Income$130,757
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$549,125
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$62,312$297,960▲ $235,648
Accounts Receivable$59,702$11,616▼ $48,086
Savings and Temporary Cash Investments-$5,076-
Prepaid Expenses and Deferred Charges-$1,850-
Total Assets$122,014$316,502▲ $194,488
Liabilities
Deferred Revenue-$45,045-
Accounts Payable and Accrued Expenses$11,445$30,131▲ $18,686
Other Liabilities$0$0→ $0
Total Liabilities$11,445$75,176▲ $63,731
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$85,207$171,311▲ $86,104
Net Assets With Donor Restrictions$25,362$70,015▲ $44,653
Total Net Assets Fund Balance$110,569$241,326▲ $130,757
Total Liabilities and Net Assets / Fund Balance$122,014$316,502▲ $194,488
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Fidel VerdinCo-Executive DirectorFT$74,970$74,970
Shalina S AliCo-Executive DirectorFT$74,970$74,970

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$452,382
Program Service Revenue
$93,940
Investment Income
$322
Other Revenue
$1,899
All Other Contributions
$289,203
Change in Net Assets
$130,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$211,992
Salaries, Compensation, and Employee Benefits$202,044
Total Fundraising Expense$17,538
Grants and Similar Amounts Paid$3,750
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$110,325$39,402$7,880$157,607
Fees for Services Other$67,332$0$0$67,332
Other Salaries and Wages$13,042$13,201$0$26,243
Occupancy$16,808$7,704-$24,512
Office Expenses$13,956$1,967$0$15,923
Payroll Taxes$9,742$4,201$616$14,559
Fees for Services Accounting$0$13,541$0$13,541
Travel$9,673$0$0$9,673
Advertising$211$0$5,528$5,739
Other Expenses$4,811$0$0$4,811
Insurance$3,075$769$0$3,844
All Other Expenses$1,522$1,328$884$3,734
Other Employee Benefits$2,544$909$182$3,635
Conferences and Meetings$3,406$0$0$3,406
Information Technology$2,664$0$0$2,664
Grants to Domestic Individuals$2,350--$2,350
Foreign Grants$1,400--$1,400
Total Functional Expenses$315,723$84,525$17,538$417,786
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,629
Fundraising Direct Expenses$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shalina S Ali
Formed
2005
Legal Domicile
Wi
Voting Board Members
6
Independent Board Members
6
Employees
7
Volunteers
30

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 67,220, other 112

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/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt085207
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0171311
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt07704
IRS990/OccupancyGrp/ProgramServicesAmt016808
IRS990/OccupancyGrp/TotalAmt024512
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01967
IRS990/OfficeExpensesGrp/ProgramServicesAmt013956
IRS990/OfficeExpensesGrp/TotalAmt015923
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0182
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0909
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02544
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03635
IRS990/OtherExpensesGrp/Desc0Event Expense
IRS990/OtherExpensesGrp/Desc1Program Supplies and Equipment
IRS990/OtherExpensesGrp/Desc2Program Food
IRS990/OtherExpensesGrp/Desc3Youth Stipends
IRS990/OtherExpensesGrp/FundraisingAmt02448
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01503
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt023082
IRS990/OtherExpensesGrp/ProgramServicesAmt125933
IRS990/OtherExpensesGrp/ProgramServicesAmt23847
IRS990/OtherExpensesGrp/ProgramServicesAmt34811
IRS990/OtherExpensesGrp/TotalAmt027033
IRS990/OtherExpensesGrp/TotalAmt125933
IRS990/OtherExpensesGrp/TotalAmt23847
IRS990/OtherExpensesGrp/TotalAmt34811
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013201
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt013042
IRS990/OtherSalariesAndWagesGrp/TotalAmt026243
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0616
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04201
IRS990/PayrollTaxesGrp/ProgramServicesAmt09742
IRS990/PayrollTaxesGrp/TotalAmt014559
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01850
IRS990/PrincipalOfficerNm0Shalina S Ali
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624110
IRS990/ProgramServiceRevenueGrp/Desc0Fee for Service Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt093940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt093940
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0387208
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt075000
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0152747
IRS990/PYOtherRevenueAmt01083
IRS990/PYProgramServiceRevenueAmt043428
IRS990/PYRevenuesLessExpensesAmt021584
IRS990/PYSalariesCompEmpBnftPaidAmt0182388
IRS990/PYTotalExpensesAmt0410135
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0431719
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0130757
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/RevenueAmt093940
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05076
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Fundraising 1629, Other 270
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0452382
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0387208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0314166
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0200773
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0309617
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01664146
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0322
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0322
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0294904
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01899
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02267
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt07701
IRS990ScheduleA/OtherIncome170Grp/TotalAmt011867
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76617
IRS990ScheduleA/PublicSupportPY170Pct00.69433
IRS990ScheduleA/PublicSupportTotal170Amt01284362
IRS990ScheduleA/SubstantialContributorsTotAmt0379784
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0452382
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0387208
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0314166
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0200773
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0309617
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01664146
IRS990ScheduleA/TotalSupportAmt01676335
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

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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $500k-$1M nonprofits