Civic Intelligence

Friends of True Square Foundation

EIN 86-1500598 • 501(c)3 • Milwaukee, WI

990-N CoverageNTEE B01

Profile

Our mission is to support the community where we operate and provide scholarships to individuals in that community

6825 W Brown Deer Rd PO Box 241961Milwaukee, WI 53224
Siviq Scores

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

Liabilities / Assets

72nd percentile

0.00x

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

NTEE B01 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.00x

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

NTEE B01 • <$500k nonprofits • Source year 2024

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

NTEE B01 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B01 • <$500k nonprofits • Source year 2024

Asset Growth

24th percentile

-19%

Faster asset growth than 24% of similar nonprofits.

NTEE B01 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

-7.9%

Faster revenue growth than 47% of similar nonprofits.

NTEE B01 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$153,106

Down $35,477 (-19%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$153,106

Down $35,477 (-19%) from 2023

Operations
Liabilities / Revenue73rd percentileNet Margin19th percentile

Revenue

Down

$247,642

Down $21,330 (-7.9%) from 2023

Expenses

Up

$283,119

Up $50,986 (+22%) from 2023

Net Income

Down

-$35,477

Down $72,316 (-196%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

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

$200K$150K$100K$50K$0Assets 2022: $151,744Liabilities 2022: $0Net Assets 2022: $151,7442022Assets 2023: $188,583Liabilities 2023: $0Net Assets 2023: $188,5832023Assets 2024: $153,106Liabilities 2024: $0Net Assets 2024: $153,1062024

Highlighted filing

2024

Assets$153,106
Liabilities$0
Net Assets$153,106
Open 2024 Filing

Operations Trend

Revenue Growth47th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2022: $336,169Expenses 2022: $211,631Net Income 2022: $124,5382022Revenue 2023: $268,972Expenses 2023: $232,133Net Income 2023: $36,8392023Revenue 2024: $247,642Expenses 2024: $283,119Net Income 2024: -$35,4772024

Highlighted filing

2024

Revenue$247,642
Expenses$283,119
Net Income-$35,477
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$153,106
Liabilities
$0
Net assets
$153,106
Revenue
$247,642
Expenses
$283,119
Net income
-$35,477
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$2.48$2.83$0.35
2023Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$2.69$2.32$0.37
2022Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$3.36$2.12$1.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$247,642
Mission and Program Overview

Mission

Our mission is to support the community where we operate and provide scholarships to individuals in that community

Our mission is to support the community where we operate, and provide scholarships to individuals in that community. We have begun a youth mentoring program and are obtaining grants for additonal programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$188,583$153,106▼ $35,477
Rtn Earn Endowment Incm Other Fnds$188,583$153,106▼ $35,477
Total Assets$188,583$153,106▼ $35,477
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$188,583$153,106▼ $35,477
Total Liabilities and Net Assets / Fund Balance$188,583$153,106▼ $35,477
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Antonio MayoBoard President
Todd ColemanBoard Vice President
Fred GrayBoard Secretary
Rodney BatesBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$247,640
Investment Income
$2
Other Revenue
$0
Change in Net Assets
$-35,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$283,119
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$50,000
Other Expenses$14,823--$9,152
All Other Expenses---$6,512
Insurance---$843
Occupancy---$586
Conferences and Meetings---$322
Total Functional Expenses$209,423$0$0$283,119
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
No
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
No
Other officer compensation reviewed
No
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 C, Line 19

“The return is available to the public by request”

Filing and Contact Details

Filer

Filer Name
Friends of True Square Foundation
EIN
86-1500598
Address
6825 W Brown Deer Rd PO Box 241961, Milwaukee, WI 53224

Signing Officer

Name
Antonio Mayo
Title
Board President
Signed
2025-05-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Antonio Mayo
Formed
2021
Legal Domicile
Wi
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
PMPC Tax & Accounting
Address
3900 W Brown Deer Road-Ste A PMB 13, Brown Deer, WI 53209
Preparer
Maureen A Jones CPA
Phone
4145204610
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Development Mentoring Program Director”

Raw XML Appendix274 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/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0002.00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02021
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/IndoorTanningServicesInd0false
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IRS990/InsuranceGrp/TotalAmt0843
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IRS990/LoanOutstandingInd0false
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IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0153106
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0586
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IRS990/OtherExpensesGrp/Desc3Supplies
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IRS990/ProfessionalFundraisingInd0false
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ReturnHeader/ReturnTs02025-05-14T06:05:46-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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