Civic Intelligence

Tru

990 • Fiscal year 2019 • EIN 47-1411854

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 12, 2020

1295 Middlefield RoadPalo Alto, CA 94301

(650) 469-3656

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.43x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

0.42x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

79th percentile

$75,909

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

58th percentile

6.7%

Faster asset growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

19%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$520,416

Up $32,528 (+6.7%) from 2018

Net Assets

Up

$294,204

Up $75,869 (+35%) from 2018

Liabilities

Down

$226,212

Down $43,341 (-16%) from 2018

Revenue

Up

$542,939

Up $88,024 (+19%) from 2018

Expenses

Up

$471,172

Up $105,571 (+29%) from 2018

Net Income

Down

$71,767

Down $17,547 (-20%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $209,538Liabilities 2015: $88,553Net Assets 2015: $120,9852015Assets 2016: $203,809Liabilities 2016: $103,050Net Assets 2016: $100,7592016Assets 2017: $367,084Liabilities 2017: $238,063Net Assets 2017: $129,0212017Assets 2018: $487,888Liabilities 2018: $269,553Net Assets 2018: $218,3352018Assets 2019: $520,416Liabilities 2019: $226,212Net Assets 2019: $294,2042019Assets 2020: $736,741Liabilities 2020: $457,424Net Assets 2020: $279,3172020Assets 2021: $870,444Liabilities 2021: $470,340Net Assets 2021: $400,1042021Assets 2022: $1,170,715Liabilities 2022: $640,047Net Assets 2022: $530,6682022Assets 2023: $1,265,937Liabilities 2023: $512,020Net Assets 2023: $753,9172023Assets 2024: $1,299,906Liabilities 2024: $560,657Net Assets 2024: $739,2492024Assets 2025: $1,472,661Liabilities 2025: $664,737Net Assets 2025: $807,9242025

Highlighted filing

2019

Assets$520,416
Liabilities$226,212
Net Assets$294,204

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $301,149Expenses 2015: $316,686Net Income 2015: -$15,5372015Revenue 2016: $282,584Expenses 2016: $302,810Net Income 2016: -$20,2262016Revenue 2017: $323,451Expenses 2017: $295,189Net Income 2017: $28,2622017Revenue 2018: $454,915Expenses 2018: $365,601Net Income 2018: $89,3142018Revenue 2019: $542,939Expenses 2019: $471,172Net Income 2019: $71,7672019Revenue 2020: $530,939Expenses 2020: $545,826Net Income 2020: -$14,8872020Revenue 2021: $761,283Expenses 2021: $640,495Net Income 2021: $120,7882021Revenue 2022: $979,294Expenses 2022: $848,730Net Income 2022: $130,5642022Revenue 2023: $1,137,482Expenses 2023: $914,233Net Income 2023: $223,2492023Revenue 2024: $1,007,715Expenses 2024: $1,020,761Net Income 2024: -$13,0462024Revenue 2025: $1,152,785Expenses 2025: $1,086,993Net Income 2025: $65,7922025

Highlighted filing

2019

Revenue$542,939
Expenses$471,172
Net Income$71,767
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 12, 2020
Return Version
2018v3.2
Gross Receipts
$542,939
Mission and Program Overview

Mission

The educational program of Tru is organized into a three-year cycle of conceptual themes: Beginning, Living, and Becoming. The theme brings focus and clarity to all the activity of school. Every activity can relate to broad lifelong goals: understanding, personal growth, competency, and achievement. The theme is further divided into three year-long projects that explore the theme in concrete ways. The projects often overlap and mingle together. As the number of connections proliferates, students come to experience thinking and learning as systemic processes.

Tru makes children's learning a transformative experience

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$369,394$291,911▼ $77,483
Savings and Temporary Cash Investments$101,943$218,982▲ $117,039
Prepaid Expenses and Deferred Charges$12,627$8,755▼ $3,872
Accounts Receivable$3,924$768▼ $3,156
Total Assets$487,888$520,416▲ $32,528
Liabilities
Deferred Revenue$226,200$188,972▼ $37,228
Other Liabilities$43,353$35,032▼ $8,321
Accounts Payable and Accrued Expenses-$2,208-
Total Liabilities$269,553$226,212▼ $43,341
Net Assets / Fund Balance
Unrestricted Net Assets$218,335$294,204▲ $75,869
Total Net Assets Fund Balance$218,335$294,204▲ $75,869
Total Liabilities and Net Assets / Fund Balance$487,888$520,416▲ $32,528
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Theodore TimpsonHead of SchoolFT$75,909$75,909

Board Members and Trustees

NameTitle
Carolyn ElloumiPresident
Beth Ann HockeyDirector
Danijela Bedic BabicDirector
Supratik SamanthaDirector
Manpreet SinghSecretary (5/19/17-5/31/19)
Dangs Heng LiangTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$61,162
Program Service Revenue
$480,789
Investment Income
$0
Other Revenue
$988
All Other Contributions
$61,162
Change in Net Assets
$71,767

Audited Revenue Reconciliation

Revenue per Audited Statements
$542,939
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$542,939
Total Revenue per Form 990
$542,939
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$381,783
Other Expenses$89,389
Total Fundraising Expense$5,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$243,885--$243,885
Current Officers, Directors, Trustees, and Key Employees$66,056$28,309-$94,365
Occupancy$37,948$9,967-$47,915
Payroll Taxes$24,741$2,166-$26,907
Other Employee Benefits$16,626--$16,626
Fees for Services Accounting-$5,796-$5,796
Advertising--$5,557$5,557
Insurance-$3,498-$3,498
Other Expenses$711$2,150-$2,861
Office Expenses-$2,325-$2,325
Fees for Services Other-$912-$912
Total Functional Expenses$410,492$55,123$5,557$471,172

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$471,172
Total Expenses per Audited Statements$471,172
Total Expenses per Form 990$471,172
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$988
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$35,032
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
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

Theodore timpson, head of school, is married to julia timpson, founder and education director. Supratik samanta, board secretary, is married to tanushree samanta, employee.

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

Form 990 is sent electronically to all board members for review prior to filing.

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

Compensation of key employees was reviewed and approved by an independent committee of board members who researched comparable salary data and met to determine salary amounts and structure.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Tru
EIN
47-1411854
Phone
6504693656
Address
1295 MIDDLEFIELD ROAD, PALO ALTO, CA 94301

Signing Officer

Name
Theodore Timpson
Title
Head of School
Phone
6504693656
Signed
2020-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theodore Timpson
Formed
2014
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
9
Volunteers
0

Preparer

Firm
Boman Accounting Group Inc
Address
20 UNION AVENUE, CAMPBELL, CA 95008
Preparer
Lynda R Boman CPA
Phone
4088662004
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. Management has determined that the organization's unrelated business income tax was minimal and immaterial to the financial staetments as of june 30, 2019

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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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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0542939
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0471172
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0TR? ADMITS STUDENTS AND PARENTS OF ANY GENDER, RACE, COLOR, NATIONAL ORIGIN, ANCESTRY, CITIZENSHIP, RELIGION, AGE, PHYSICAL OR MENTAL DISABILITY, MEDICAL CONDITION, SEXUAL ORIENTATION, GENDER IDENTITY OR GENDER EXPRESSION, VETERAN STATUS, OR MARITAL STATUS TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GIVEN TO STUDENTS AT THE SCHOOL. IT ALSO DOES NOT DISCRIMINATE ON THE BASIS OF THE AFOREMENTIONED CATEGORIES IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, EMPLOYMENT POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND OTHER SCHOOL-ADMINISTERED PROGRAMS. NEED-BASED TUITION ASSISTANCE IS AVAILABLE FOR FAMILIES WHO APPLY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THEODORE TIMPSON, HEAD OF SCHOOL, IS MARRIED TO JULIA TIMPSON, FOUNDER AND EDUCATION DIRECTOR. SUPRATIK SAMANTA, BOARD SECRETARY, IS MARRIED TO TANUSHREE SAMANTA, EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS SENT ELECTRONICALLY TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF KEY EMPLOYEES WAS REVIEWED AND APPROVED BY AN INDEPENDENT COMMITTEE OF BOARD MEMBERS WHO RESEARCHED COMPARABLE SALARY DATA AND MET TO DETERMINE SALARY AMOUNTS AND STRUCTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt061162
IRS990/TotalEmployeeCnt09
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055123
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0410492
IRS990/TotalFunctionalExpensesGrp/TotalAmt0471172
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0269553
IRS990/TotalLiabilitiesEOYAmt0226212
IRS990/TotalLiabilitiesGrp/BOYAmt0269553
IRS990/TotalLiabilitiesGrp/EOYAmt0226212
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0218335
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0294204
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0410492
IRS990/TotalProgramServiceRevenueAmt0480789
IRS990/TotalReportableCompFromOrgAmt075909
IRS990/TotalRevenueGrp/ExclusionAmt0988
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0480789
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0542939
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0487888
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0520416
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0218335
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0294204
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01295 MIDDLEFIELD ROAD
IRS990/USAddress/CityNm0PALO ALTO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094301
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTPS://TRUSCHOOL.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THEODORE TIMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum06504693656
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRU
ReturnHeader/Filer/BusinessNameControlTxt0TRU
ReturnHeader/Filer/EIN0471411854
ReturnHeader/Filer/PhoneNum06504693656
ReturnHeader/Filer/USAddress/AddressLine1Txt01295 MIDDLEFIELD ROAD
ReturnHeader/Filer/USAddress/CityNm0PALO ALTO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094301
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId052D8A1CECB877419F7AE57DD309A99F2EA1A26B7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C566EFB1198DE22FE4C7A89DCF6FC9E5441E647B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.82.71.186
ReturnHeader/FilingSecurityInformation/IPDt02020-07-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm016:54:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263939360
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOMAN ACCOUNTING GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020 UNION AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CAMPBELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095008
ReturnHeader/PreparerPersonGrp/PhoneNum04088662004
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNDA R BOMAN CPA
ReturnHeader/ReturnTs02020-07-13T21:13:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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