Civic Intelligence

True Value Foundation

990 • Fiscal year 2020 • EIN 26-1897927

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 02, 2021

Organization ProfileTRUEVALUECOMPANY.COM
8600 W Bryn Mawr AveChicago, IL 60631

(773) 695-5000

Siviq Scores

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

Liabilities / Assets

85th percentile

0.53x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

0.53x

Higher debt load relative to revenue than 84% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

4th percentile

-93%

Higher net margin than 4% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

79th percentile

$75,300

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

1st percentile

-65%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-50%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$573,558

Down $1,042,289 (-65%) from 2019

Net Assets

Down

$266,758

Down $534,604 (-67%) from 2019

Liabilities

Down

$306,800

Down $507,685 (-62%) from 2019

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin4th percentile

Revenue

Down

$577,466

Down $583,404 (-50%) from 2019

Expenses

Up

$1,112,070

Up $201,192 (+22%) from 2019

Net Income

Down

-$534,604

Down $784,596 (-314%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $1,527,819Liabilities 2017: $719,187Net Assets 2017: $808,6322017Assets 2018: $1,679,105Liabilities 2018: $365,741Net Assets 2018: $1,313,3642018Assets 2019: $1,615,847Liabilities 2019: $814,485Net Assets 2019: $801,3622019Assets 2020: $573,558Liabilities 2020: $306,800Net Assets 2020: $266,7582020Assets 2021: $276,740Liabilities 2021: $24,119Net Assets 2021: $252,6212021Assets 2022: $415,572Liabilities 2022: $3,500Net Assets 2022: $412,0722022Assets 2023: $353,901Liabilities 2023: $50,761Net Assets 2023: $303,1402023Assets 2024: $483,218Liabilities 2024: $269,323Net Assets 2024: $213,8952024

Highlighted filing

2020

Assets$573,558
Liabilities$306,800
Net Assets$266,758
Open 2020 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2017: $1,201,919Expenses 2017: $636,247Net Income 2017: $565,6722017Revenue 2018: $913,196Expenses 2018: $408,464Net Income 2018: $504,7322018Revenue 2019: $1,160,870Expenses 2019: $910,878Net Income 2019: $249,9922019Revenue 2020: $577,466Expenses 2020: $1,112,070Net Income 2020: -$534,6042020Revenue 2021: $671,107Expenses 2021: $685,244Net Income 2021: -$14,1372021Revenue 2022: $727,416Expenses 2022: $567,965Net Income 2022: $159,4512022Revenue 2023: $646,033Expenses 2023: $754,965Net Income 2023: -$108,9322023Revenue 2024: $464,630Expenses 2024: $553,875Net Income 2024: -$89,2452024

Highlighted filing

2020

Revenue$577,466
Expenses$1,112,070
Net Income-$534,604
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 2, 2021
Return Version
2020v4.1
Gross Receipts
$603,957
Mission and Program Overview

Mission

True value foundation provides resources to improve the lives of youth in the communities we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,371,637$250,275▼ $1,121,362
Receivables From Officers Etc$97,755$208,895▲ $111,140
Cash and Non-Interest-Bearing Accounts$131,455$99,388▼ $32,067
Prepaid Expenses and Deferred Charges$15,000$15,000→ $0
Total Assets$1,615,847$573,558▼ $1,042,289
Liabilities
Grants Payable$750,000$300,000▼ $450,000
Accounts Payable and Accrued Expenses$64,485$6,800▼ $57,685
Total Liabilities$814,485$306,800▼ $507,685
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$801,362$266,758▼ $534,604
Total Net Assets Fund Balance$801,362$266,758▼ $534,604
Total Liabilities and Net Assets / Fund Balance$1,615,847$573,558▼ $1,042,289
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Valerie PetersonTvf SpecialistFT$75,300$75,300
Susan M RaddeSecretary/foundation Direc-$39,567$39,567

Board Members and Trustees

NameTitle
Brent a BurgerPresident
Brian a WebbVice President
Chris KempaDirector
Theresa SheaDirector
Mike NovoselTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$59,594
Program Service Revenue
$0
Investment Income
$8,638
Other Revenue
$509,234
Change in Net Assets
$-534,604

Audited Revenue Reconciliation

Revenue per Audited Statements
$577,466
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$77,897
Total Revenue per Audited Statements
$655,363
Total Revenue per Form 990
$577,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$709,906
Other Expenses$287,297
Salaries, Compensation, and Employee Benefits$114,867
Total Fundraising Expense$57,434
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$709,906--$709,906
Fees for Services Other$242,981$1,827-$244,808
Current Officers, Directors, Trustees, and Key Employees-$57,433$57,434$114,867
Fees for Services Accounting-$42,489-$42,489
Total Functional Expenses$952,887$101,749$57,434$1,112,070

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,189,967
Expenses per Audited Statements$1,112,070
Total Expenses per Form 990$1,112,070
Expenses Not Reported on Form 990$77,897
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boys and Girls Club of ChicagoChicago, IL501(c)(3)To Support Programs That Nurture Stronger Futures for At-risk Youth Who Depend on the Club.$246,000
Boys and Girls Club of AmericaAtlanta, GA501(c)(3)To Support Programs That Nurture Stronger Futures for At-risk Youth Who Depend on the Club.$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$535,725
Fundraising Direct Expenses$26,491
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$535,725$535,725$11,491$524,234
Stewardship$38,999---
Total Events$595,319$535,725$26,491$509,234
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$97,755$208,895▲ $111,140
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 A, Line 2

“Some of the directors of the organization are either board members or officers of the true value company.”

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

“The 990 is first reviewed by the foundation's volunteer accountant and her manager. With their approval, it is sent to 50% of the board, including the vice-president/treasurer, who then review it.”

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

“The board handles any conflicts as they arise and resolve the issues as they arise but have not found any problems to date. Every year, the board signs off on a certification of compliance that there are no conflicts of interest.”

Form 990, Part VI, Section B, Line 15A

“The board reviewed directors' salaries of other foundations in the area and determined a comparable compensation package.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
True Value Foundation
EIN
26-1897927
Phone
7736955000
Address
8600 W BRYN MAWR AVE, CHICAGO, IL 60631

Signing Officer

Name
Michael Novosel
Title
Treasurer
Phone
7736955000
Signed
2021-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Novosel
Formed
2008
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
102

Preparer

Firm
Bronswick Benjamin Pc
Address
8750 W BRYN MAWR AVE SUITE 650, CHICAGO, IL 60631
Preparer
Caleb D Lendy
Phone
3126928300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“The foundation initiated a new program called the "educational heroes safety campaign", which provides health and safety kits to schools across the country to help combat the covid-19 pandemic.”

Form 990, Part IX, Line 11G

“Painting a brighter future: program service expenses 127,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 127,050. Banking fees: program service expenses 0. Management and general expenses 1,827. Fundraising expenses 0. Total expenses 1,827. Youth up: program service expenses 115,931. Management and general expenses 0. Fundraising expenses 0. Total expenses 115,931.”

Form 990 Part XII Line 2C

“The organization has a committee designated to oversee the audit process each year and they also evaluate after the completion of the audit on whether or not to retain the cpa that performed the audit.”

Raw XML AppendixShowing 400 of 425 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE COMMUNITY SERVICE AND ASSISTANCE PROGRAM COVERS GRANTS PROVIDED TO THE TRUE VALUE BOYS AND GIRLS CLUB, AS WELL AS AWARDS TO THE CHICAGOLAND BOYS AND GIRLS CLUBS. THESE GRANTS CONTINUE THE HERITAGE OF NURTURING STRONGER FUTURES FOR AT-RISK YOUTH WHO DEPEND ON THESE CLUBS. IN ADDITION, BEGINNING IN 2020, THIS PROGRAM COVERS THE COST OF HEALTH AND SAFETY KITS DONATED TO SCHOOLS ACROSS THE COUNTRY AS PART OF THE "EDUCATIONAL HEROES SAFETY CAMPAIGN".
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0PAINTING A BRIGHTER FUTURE IS A PROGRAM THAT RALLIES RETAILERS TO THE CAUSE OF ENHANCING THE EDUCATIONAL ENVIRONMENT IN THEIR COMMUNITIES. ELEMENTARY, JUNIOR HIGH AND HIGH SCHOOLS AS WELL AS BOYS AND GIRLS CLUBS ACROSS THE COUNTRY THAT MEET BASIC QUALIFICATIONS ARE ELIGIBLE TO APPLY FOR AN AWARD TO RECEIVE UP TO 40 GALLONS OF PAINT TO HELP IMPROVE ITS FACILITIES. SINCE 2009, APPROXIMATELY 25,000 GALLONS OF PAINT HAVE BEEN DONATED THROUGH THIS PROGRAM.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0127050
IRS990/ProgSrvcAccomActy3Grp/Desc0WHEN A TRUE VALUE COMPANY RETAILER GIVES BACK TO A YOUTH-DEVELOPMENT FOCUSED NON-PROFIT ORGANIZATION IN YOUR COMMUNITY, TRUE VALUE FOUNDATION MATCHES THE CONTRIBUTION DOLLAR FOR DOLLAR TO QUALIFYING ORGANIZATIONS, UP TO $1,000 ANNUALLY. FOR 2020, THE FOUNDATION DONATED TO 71 ORGANIZATIONS VIA 54 UNIQUE RETAILERS.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0265
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt018973
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93350
IRS990ScheduleA/PublicSupportPY170Pct00.94810
IRS990ScheduleA/PublicSupportTotal170Amt04750594
IRS990ScheduleA/SubstantialContributorsTotAmt0319542
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt059594
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01251065
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01248293
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01451310
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01059874
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05070136
IRS990ScheduleA/TotalSupportAmt05089109
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/DonatedServicesAndUseFcltsAmt077897
IRS990ScheduleD/DonatedServicesUseFcltsAmt077897
IRS990ScheduleD/ExpensesNotReportedAmt077897
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01112070
IRS990ScheduleD/RevenueNotReportedAmt077897
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0577466
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01112070
IRS990ScheduleD/TotalRevenuePerForm990Amt0577466
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0655363
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01189967
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt015000
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt015000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt059594
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt038999
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt020595
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026491
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0STEWARDSHIP
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0535725
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt038999
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt020595
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0595319
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0535725
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0535725
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0509234
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011491
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011491
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt06
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt1246000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT PROGRAMS THAT NURTURE STRONGER FUTURES FOR AT-RISK YOUTH WHO DEPEND ON THE CLUB.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO SUPPORT PROGRAMS THAT NURTURE STRONGER FUTURES FOR AT-RISK YOUTH WHO DEPEND ON THE CLUB.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BOYS AND GIRLS CLUB OF AMERICA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BOYS AND GIRLS CLUB OF CHICAGO
IRS990ScheduleI/RecipientTable/RecipientEIN0135562976
IRS990ScheduleI/RecipientTable/RecipientEIN1362166997
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01275 PEACHTREE ST NE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1550 W VAN BUREN STREET NO 350
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ATLANTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd030309
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd160607
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOYS & GIRLS CLUB OF CHICAGO APPLIES THROUGH A GRANT PROPOSAL PROCESS THAT INCLUDES A DETAILED BUDGET. ONCE THE GRANT IS APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS, THE CLUB IS REQUIRED TO REPORT BACK ON ITS PROGRESS MID-YEAR AND THEN AT THE END OF THE YEAR. BOTH REPORTS INCLUDE KEY MEASUREMENTS OF SUCCESS AND FINANCIAL INFORMATION. FUNDS ARE PROVIDED TO THEM UPON COMPLETION OF THEIR YEAR IF DESIGNATED CRITERIA ARE MET. IN ADDITION, THE FOUNDATION HAS ENTERED INTO A SPONSORSHIP AGREEMENT WITH THE BOYS AND GIRLS CLUB OF AMERICA TO BE USED AS DEEMED NECESSARY BY THE ORGANIZATION. SCHOLARSHIPS ARE AWARDED BASED ON CRITERIA SUBMITTED BY ELIGIBLE APPLICANTS TO NORTHERN ILLINOIS UNIVERSITY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0208895
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0SUBSTANTIAL CONTRIBUTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0INTERCOMPANY TRANSACTIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt097755
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0SUBSTANTIAL CONTRIBUTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0208895
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION INITIATED A NEW PROGRAM CALLED THE "EDUCATIONAL HEROES SAFETY CAMPAIGN", WHICH PROVIDES HEALTH AND SAFETY KITS TO SCHOOLS ACROSS THE COUNTRY TO HELP COMBAT THE COVID-19 PANDEMIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SOME OF THE DIRECTORS OF THE ORGANIZATION ARE EITHER BOARD MEMBERS OR OFFICERS OF THE TRUE VALUE COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS FIRST REVIEWED BY THE FOUNDATION'S VOLUNTEER ACCOUNTANT AND HER MANAGER. WITH THEIR APPROVAL, IT IS SENT TO 50% OF THE BOARD, INCLUDING THE VICE-PRESIDENT/TREASURER, WHO THEN REVIEW IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD HANDLES ANY CONFLICTS AS THEY ARISE AND RESOLVE THE ISSUES AS THEY ARISE BUT HAVE NOT FOUND ANY PROBLEMS TO DATE. EVERY YEAR, THE BOARD SIGNS OFF ON A CERTIFICATION OF COMPLIANCE THAT THERE ARE NO CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWED DIRECTORS' SALARIES OF OTHER FOUNDATIONS IN THE AREA AND DETERMINED A COMPARABLE COMPENSATION PACKAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PAINTING A BRIGHTER FUTURE: PROGRAM SERVICE EXPENSES 127,050. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 127,050. BANKING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,827. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,827. YOUTH UP: PROGRAM SERVICE EXPENSES 115,931. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115,931.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION HAS A COMMITTEE DESIGNATED TO OVERSEE THE AUDIT PROCESS EACH YEAR AND THEY ALSO EVALUATE AFTER THE COMPLETION OF THE AUDIT ON WHETHER OR NOT TO RETAIN THE CPA THAT PERFORMED THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART XII LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01615847
IRS990/TotalAssetsEOYAmt0573558
IRS990/TotalAssetsGrp/BOYAmt01615847
IRS990/TotalAssetsGrp/EOYAmt0573558
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt059594
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt057434
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0101749
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0952887
IRS990/TotalFunctionalExpensesGrp/TotalAmt01112070
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0814485
IRS990/TotalLiabilitiesEOYAmt0306800
IRS990/TotalLiabilitiesGrp/BOYAmt0814485
IRS990/TotalLiabilitiesGrp/EOYAmt0306800
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0801362
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0266758
IRS990/TotalOtherCompensationAmt015405
IRS990/TotalProgramServiceExpensesAmt0952887
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0517872
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0577466
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0102
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01615847
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0573558
IRS990/TotReportableCompRltdOrgAmt099462
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08600 W BRYN MAWR AVE
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060631
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0TRUEVALUECOMPANY.COM
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL NOVOSEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07736955000

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$573,558
Liabilities
$306,800
Net assets
$266,758
Revenue
$577,466
Expenses
$1,112,070
Net income
-$534,604
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.48$0.27$0.21$0.46$0.55$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.35$0.05$0.30$0.65$0.75$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.41$0.73$0.57$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.28$0.02$0.25$0.67$0.69$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.57$0.31$0.27$0.58$1.11$0.53
2019Detailed filing. Detailed filing data is available for this year.$1.62$0.81$0.80$1.16$0.91$0.25
2018Detailed filing. Detailed filing data is available for this year.$1.68$0.37$1.31$0.91$0.41$0.50
2017Detailed filing. Detailed filing data is available for this year.$1.53$0.72$0.81$1.20$0.64$0.57