Civic Intelligence

The Truax Family Foundation

EIN 83-3069942 • Wilmington, DE

Foundation Source 501 Silverside RdWilmington, DE 19809-1377
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2024

Net Margin

1st percentile

-925%

Higher net margin than 1% of similar nonprofits.

$500k-$1M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

$500k-$1M nonprofits • Source year 2025

Asset Growth

6th percentile

-47%

Faster asset growth than 6% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-60%

Faster revenue growth than 5% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$641,275

Down $560,714 (-47%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$641,275

Down $560,714 (-47%) from 2023

Operations
Liabilities / Revenue44th percentileNet Margin1st percentile

Revenue

Down

$60,607

Down $90,392 (-60%) from 2023

Expenses

Up

$621,321

Up $198,425 (+47%) from 2023

Net Income

Down

-$560,714

Down $288,817 (-106%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth6th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2019: $611,253Liabilities 2019: $02019Assets 2020: $1,962,524Liabilities 2020: $0Net Assets 2020: $1,962,5242020Assets 2021: $1,876,244Liabilities 2021: $0Net Assets 2021: $1,876,2442021Assets 2022: $1,473,886Liabilities 2022: $0Net Assets 2022: $1,473,8862022Assets 2023: $1,201,989Liabilities 2023: $0Net Assets 2023: $1,201,9892023Assets 2024: $641,275Liabilities 2024: $0Net Assets 2024: $641,2752024

Highlighted filing

2024

Assets$641,275
Liabilities$0
Net Assets$641,275
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2019: $1,511,256Expenses 2019: $900,003Net Income 2019: $611,2532019Revenue 2020: $1,513,091Expenses 2020: $161,820Net Income 2020: $1,351,2712020Revenue 2021: $407,363Expenses 2021: $493,643Net Income 2021: -$86,2802021Revenue 2022: $16,652Expenses 2022: $419,010Net Income 2022: -$402,3582022Revenue 2023: $150,999Expenses 2023: $422,896Net Income 2023: -$271,8972023Revenue 2024: $60,607Expenses 2024: $621,321Net Income 2024: -$560,7142024

Highlighted filing

2024

Revenue$60,607
Expenses$621,321
Net Income-$560,714
Open 2024 Filing

Filings

Most recent year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$641,275
Liabilities
$0
Net assets
$641,275
Revenue
$60,607
Expenses
$621,321
Net income
-$560,714
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.06$0.62$0.56
2023Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.15$0.42$0.27
2022Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.02$0.42$0.40
2021Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.41$0.49$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$1.51$0.16$1.35
2019Summary only. Only limited summary data is available for this year.$0.61$0.00$1.51$0.90$0.61
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 3, 2025
Return Version
2024v5.1
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Avy DavisDirector-$0--
Cameron DavisDirector-$0--
Douglas L TruaxDir, Pres, Sec, Treas-$0--
Jack TruaxDirector-$0--
Kaitlyn TruaxDirector-$0--
Kohl TruaxDirector-$0--
Nicole TruaxDir, VP-$0--
Filing and Contact Details

Filer

Filer Name
The Truax Family Foundation
EIN
83-3069942
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Douglas Truax
Title
President
Phone
8008391754
Signed
2025-04-03
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
3333 New Hyde Park Rd Ste 406, New Hyde Park, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix345 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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IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0501 Silverside Road Suite 123
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0Wilmington
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0CT
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IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0Foundation Source
IRS990PF/StatementsRegardingActyGrp/PhoneNum08008391754
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0Douglas L Truax
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm1Nicole Truax
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0100000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1450000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt215000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt312000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt420000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0funds for hiring a donor Relations Assistant and Assistant Media Specialist, a website refresh, and 2025 Conference
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1New Building Fund
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt2to purchase New Support Beam
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt3to Purchase New Boiler
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt4General & Unrestricted
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0CENTER FOR BIBLICAL UNITY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1FAMILY BIBLE CHURCH INC OF PONTE VEDRA FLORIDA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt2LAKE GENEVA FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt3LAKE GENEVA FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt4NORTHSIDE BAPTIST CHURCH INC OF LEXINGTON SOUTH CA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PC
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0PO BOX 811
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt14760 PALM VALLEY RD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt2W2655 W S ST
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt3W2655 W S ST
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt44347 SUNSET BLVD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0UPLAND
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1PONTE VEDRA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2LAKE GENEVA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm3LAKE GENEVA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm4LEXINGTON
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0CA
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd4SC
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IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt049872
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt0349767
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt0331983
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt0388386
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt0126018
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt0895018
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt0895018
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt01756099
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt0559945
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt0349767
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0331983
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt0388386
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt0126018
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0609817
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0559945
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt02651117
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt02091172
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
LiquidationExplanationStmt/ExplanationTxt0As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $597,000. This amount represents 25% or more of the Foundation's net assets of $1,206,893 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt012792
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt012792
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt125
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt010568
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Investment Management Services
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt010568
TaxesSchedule/TaxesDetail/Amt0400
TaxesSchedule/TaxesDetail/Amt1536
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Estimated Tax for 2024
TaxesSchedule/TaxesDetail/CategoryTxt1990-PF Excise Tax for 2023
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUGLAS TRUAX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Truax Family Foundation
ReturnHeader/Filer/BusinessNameControlTxt0TRUA
ReturnHeader/Filer/EIN0833069942
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03333 New Hyde Park Rd Ste 406
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New Hyde Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02025-04-10T08:45:30-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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