Form 990, Part VI, Section A, Line 1A
“The executive committee has the authority to act on behalf of the governing body. The committee is comprised of two or more members of the board of directors.”
EIN 82-4061997 • 501(c)3 • St Paul, MN
Profile
To cultivate literacy, leadership, and social justice through the study & application of spoken word and hip hop culture.
Scores are not available for this record yet.
Assets
Up$220,702
Up $31,216 (+16%) from 2023
Liabilities
Up$6,582
Up $588 (+9.8%) from 2023
Net Assets
Up$214,120
Up $30,628 (+17%) from 2023
Revenue
Down$320,395
Down $81,487 (-20%) from 2023
Expenses
Up$270,922
Up $815 (+0.3%) from 2023
Net Income
Down$49,473
Down $82,302 (-62%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
To cultivate literacy, leadership, and social justice through the study & application of spoken word and hip hop culture.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $36,388 | $175,570 | ▲ $139,182 |
| Savings and Temporary Cash Investments | - | $42,055 | - |
| Prepaid Expenses and Deferred Charges | $14,585 | - | - |
| Land, Buildings, and Equipment, Net | $1,733 | $1,582 | ▼ $151 |
| Cash and Non-Interest-Bearing Accounts | $136,780 | $1,495 | ▼ $135,285 |
| Total Assets | $189,486 | $220,702 | ▲ $31,216 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $5,994 | $6,582 | ▲ $588 |
| Total Liabilities | $5,994 | $6,582 | ▲ $588 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $183,492 | $214,120 | ▲ $30,628 |
| Total Net Assets Fund Balance | $183,492 | $214,120 | ▲ $30,628 |
| Total Liabilities and Net Assets / Fund Balance | $189,486 | $220,702 | ▲ $31,216 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $1,582 | $1,130 | $2,712 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Latisha Jones | Executive Director | FT | $96,425 | $4,109 | $100,534 |
| Name | Title |
|---|---|
| Anthony Galloway | Chair |
| William Howes | Secretary |
| Danez Smith | Treasurer |
| Arleta Little | Treasurer Through Sept |
| Line Item | Amount |
|---|---|
| Other Expenses | $137,783 |
| Salaries, Compensation, and Employee Benefits | $133,139 |
| Total Fundraising Expense | $3,298 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $60,906 | $32,796 | $2,723 | $96,425 |
| Fees for Services Other | $41,532 | - | - | $41,532 |
| Office Expenses | $19,770 | $4,091 | - | $23,861 |
| Occupancy | $6,899 | $16,555 | - | $23,454 |
| Other Salaries and Wages | $12,856 | $6,922 | $575 | $20,353 |
| Travel | $15,808 | - | - | $15,808 |
| Payroll Taxes | - | $12,251 | - | $12,251 |
| Advertising | $9,676 | - | - | $9,676 |
| Fees for Services Accounting | - | $8,979 | - | $8,979 |
| Other Employee Benefits | - | $4,110 | - | $4,110 |
| Insurance | - | $1,813 | - | $1,813 |
| Fees for Services Legal | - | $1,260 | - | $1,260 |
| Other Expenses | $500 | $579 | - | $500 |
| Depreciation Depletion | - | $151 | - | $151 |
| Total Functional Expenses | $175,690 | $91,934 | $3,298 | $270,922 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The executive committee has the authority to act on behalf of the governing body. The committee is comprised of two or more members of the board of directors.”
“The executive director presents the preliminary form 990 to the board and explains it. The board decides if changes are needed, or vote to approve the form 990.”
“The corporation shall not enter into contracts or transactions between another organization in which an officer or director has a material financial interest in. When a conflict of interest does arise, each director and officer shall discharge his or her duties as a director or officer in good faith, in a manner which the director or officer reasonably believes to be in the best interests of the corporation, and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.”
“The organization executive director's salary is determined annually by the board of directors. They comparative position and salary data from other nonprofits of similar size and demographics, the recommendation is then voted on and detailed notes of the meetings are reflected in the minutes of all meetings. This process was last undertaken in 2022.”
“The organization makes its governing documents, conflict of interest policy, and financial statemnts available upon request.”
“Arts exhibition and programming: cultural art performances and exhibition opportunities for artists, participants and community members.”
“Truartspeaks phased out the racial equity programming to focus on the arts exhibition and programming.”
“Contractors: program service expenses 41,532. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,532.”
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/AccountsReceivableGrp/EOYAmt | 0 | 175570 |
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| IRS990/ActivityOrMissionDesc | 0 | TO CULTIVATE LITERACY, LEADERSHIP, AND SOCIAL JUSTICE THROUGH THE STUDY & APPLICATION OF SPOKEN WORD AND HIP HOP CULTURE. |
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| IRS990/Desc | 0 | ARTS EXHIBITION AND PROGRAMMING:CULTURAL ART PERFORMANCES AND EXHIBITION OPPORTUNITIES FOR ARTISTS, PARTICIPANTS AND COMMUNITY MEMBERS. |
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| IRS990/MissionDesc | 0 | TO CULTIVATE LITERACY, LEADERSHIP, AND SOCIAL JUSTICE THROUGH THE STUDY & APPLICATION OF SPOKEN WORD AND HIP HOP CULTURE. |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | PROFESSIONAL DEVELOPMENT:IT TAKES A VILLAGE AND KNOWLEDGE BENEFITS US ALL WHEN WE SHARE IT TOWARDS THE COLLECTIVE GOOD. AT TRUARTSPEAKS WE BELIEVE THAT EVERY YOUNG PERSON, EMERGING ARTIST, AND INSPIRING LEADER CAN BENEFIT FROM LEARNING THE BEST, LATEST, AND TRIED AND TRUE CULTURAL & ART PRACTICES.WITH AN EXTENSIVE HISTORY OF TRAINING EDUCATORS (K-COLLEGIATE, PUBLIC AND PRIVATE SECTOR, COMMUNITY EDUCATORS, ETC), ARTISTS, AND CULTURE WORKERS, TRUARTSPEAKS OFFERS ONE ON ONE CONSULTATIONS IN A VARIETY OF AREAS, WORKSHOPS, SHORT AND LONG TERM RESIDENCIES, AND MORE.WE HAVE EXPERIENCE IN CURRICULUM DEVELOPMENT, WE HAVE OUR OWN SPECIFIC CURRICULUM ROOTED IN SPOKEN WORD & HIP HOP PEDAGOGY, A YEAR-LONG CURRICULUM ROOTED IN THE BLACK LITERARY TRADITION, HIP HOP SONGWRITING & MUSIC PRODUCTION, AND MORE." |
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| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | HIP HOP EDUCATION:TRUARTSPEAKS HAS A ROBUST LIST OF TEACHING ARTISTS IN OUR NETWORK, EACH REPRESENTATIVE OF SOME ELEMENT OR ASPECT OF SPOKEN WORD AND HIP HOP CULTURE, AND BEYOND.OUR CREW IS ROOTED AND TRAINED IN THE PILLARS OF OUR PEDAGOGICAL PRACTICE, ENGAGING IN ONGOING AND REGULAR DEVELOPMENT OPPORTUNITIES TO ENSURE THAT THEY ARE CONSTANTLY ENHANCING THEIR CRAFT ALONG WITH THEIR ABILITY TO FACILITATE THE SAFEST SPACE POSSIBLE FOR LEARNERS AT ALL STAGES, OF ALL AGES, AND MAKE-UPS.WE BELIEVE IN HIP HOP AS A TOOL FOR PERSONAL AND SOCIAL TRANSFORMATION, NEVER TEACHING ART FOR ART'S SAKE, ALWAYS STAYING TRUE TO THE CULTURE, AND HOPING TO BE A PART OF ONE'S EVER-GROWING KNOWLEDGE OF SELF THROUGH ART PRACTICE. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ARTS EXHIBITION AND PROGRAMMING: CULTURAL ART PERFORMANCES AND EXHIBITION OPPORTUNITIES FOR ARTISTS, PARTICIPANTS AND COMMUNITY MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | TRUARTSPEAKS PHASED OUT THE RACIAL EQUITY PROGRAMMING TO FOCUS ON THE ARTS EXHIBITION AND PROGRAMMING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THE COMMITTEE IS COMPRISED OF TWO OR MORE MEMBERS OF THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE EXECUTIVE DIRECTOR PRESENTS THE PRELIMINARY FORM 990 TO THE BOARD AND EXPLAINS IT. THE BOARD DECIDES IF CHANGES ARE NEEDED, OR VOTE TO APPROVE THE FORM 990. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE CORPORATION SHALL NOT ENTER INTO CONTRACTS OR TRANSACTIONS BETWEEN ANOTHER ORGANIZATION IN WHICH AN OFFICER OR DIRECTOR HAS A MATERIAL FINANCIAL INTEREST IN. WHEN A CONFLICT OF INTEREST DOES ARISE, EACH DIRECTOR AND OFFICER SHALL DISCHARGE HIS OR HER DUTIES AS A DIRECTOR OR OFFICER IN GOOD FAITH, IN A MANNER WHICH THE DIRECTOR OR OFFICER REASONABLY BELIEVES TO BE IN THE BEST INTERESTS OF THE CORPORATION, AND WITH THE CARE AN ORDINARILY PRUDENT PERSON IN A LIKE POSITION WOULD EXERCISE UNDER SIMILAR CIRCUMSTANCES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATION EXECUTIVE DIRECTOR'S SALARY IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS. THEY COMPARATIVE POSITION AND SALARY DATA FROM OTHER NONPROFITS OF SIMILAR SIZE AND DEMOGRAPHICS, THE RECOMMENDATION IS THEN VOTED ON AND DETAILED NOTES OF THE MEETINGS ARE REFLECTED IN THE MINUTES OF ALL MEETINGS. THIS PROCESS WAS LAST UNDERTAKEN IN 2022. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMNTS AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | CONTRACTORS: PROGRAM SERVICE EXPENSES 41,532. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,532. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART III, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 1A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART IX, LINE 11G |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CLIFTONLARSONALLEN LLP |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LAURA SCHWEITZER CPA |
| ReturnHeader/ReturnTs | 0 | 2025-05-14T09:22:54-05:00 |
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| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
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