Civic Intelligence

True Foundry Inc

EIN 88-2253940 • 501(c)3 • Woodlawn, MD

Profile

True Foundry helps underrepresented entrepreneurs build impactful businesses through mentorship, business coaching and consulting, bridge loans, investor readiness, business training/tools, networking events, startup strategy advising, startup ecosystem events, and grants.

5911 Cecil AvenueWoodlawn, MD 21207

truefoundry.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

92nd percentile

61%

Higher net margin than 92% of similar nonprofits.

501(c)3 • <$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.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

87th percentile

51%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

24th percentile

-33%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$82,770

Down $20,745 (-20%) from 2023

Liabilities

Down

$0

Down $45,000 (-100%) from 2023

Net Assets

Up

$82,770

Up $24,255 (+41%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin92nd percentile

Revenue

Down

$39,641

Down $8,630 (-18%) from 2023

Expenses

Down

$15,386

Down $10,517 (-41%) from 2023

Net Income

Up

$24,255

Up $1,887 (+8.4%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth87th percentile

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

$150K$100K$50K$0Assets 2022: $36,147Liabilities 2022: $0Net Assets 2022: $36,1472022Assets 2023: $103,515Liabilities 2023: $45,000Net Assets 2023: $58,5152023Assets 2024: $82,770Liabilities 2024: $0Net Assets 2024: $82,7702024

Highlighted filing

2024

Assets$82,770
Liabilities$0
Net Assets$82,770
Open 2024 Filing

Operations Trend

Revenue Growth24th percentile

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

$100K$50K$0Revenue 2022: $88,916Expenses 2022: $52,769Net Income 2022: $36,1472022Revenue 2023: $48,271Expenses 2023: $25,903Net Income 2023: $22,3682023Revenue 2024: $39,641Expenses 2024: $15,386Net Income 2024: $24,2552024

Highlighted filing

2024

Revenue$39,641
Expenses$15,386
Net Income$24,255
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$82,770
Liabilities
$0
Net assets
$82,770
Revenue
$39,641
Expenses
$15,386
Net income
$24,255
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$0.40$0.15$0.24
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.45$0.59$0.48$0.26$0.22
2022Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.89$0.53$0.36
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$39,641
Mission and Program Overview

Mission

True Foundry helps underrepresented entrepreneurs build impactful businesses through mentorship, business coaching and consulting, investor readiness, business training/tools, networking events, startup strategy advising, startup ecosystem events, and grants.

True Foundry helps underrepresented entrepreneurs build impactful businesses through mentorship, business coaching and consulting, bridge loans, investor readiness, business training/tools, networking events, startup strategy advising, startup ecosystem events, and grants.

Program Services

DescriptionGrantsExpenses
Grant given for consultants in Ghana to provide coaching and advisory support to 20 startups led by underrepresented founders which helped them create 123 new jobs and sustain a total of 625 jobs.$9,981$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Theodore SutherlandChairman Of The Board-$0--
Kwami WilliamsDirector-$0--
Emily CunninghamDirector-$0--
Peter MuellerExecutive Director/Treasurer/Secretary-$0--
Filing and Contact Details

Filer

Filer Name
True Foundry Inc
EIN
88-2253940
Phone
4102164442
Address
5911 Cecil Avenue, Woodlawn, MD 21207

Signing Officer

Name
Peter Mueller
Title
Executive Director
Phone
2177218374
Signed
2025-11-17
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Transaction Fees;219|Misc Expenses;300|Loan Interest;2693|Subscriptions;1543^Total;4755^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^Unpaid loan principal to underrepresented founder Midunu;50000|Unpaid loan principal to underrepresented founder Pure and Just;8887^Total;58887^”

Raw XML Appendix163 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman of the Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
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IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt058887
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IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt03108
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IRS990ScheduleA/First5Years170Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
ReasonableCauseExplanation/ExplanationTxt0Filing due date was extended to Nov 17th 2025 since the 15th fell on a Saturday.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02177218374
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
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ReturnHeader/Filer/BusinessNameControlTxt0TRUE
ReturnHeader/Filer/EIN0882253940
ReturnHeader/Filer/PhoneNum04102164442
ReturnHeader/Filer/USAddress/AddressLine1Txt05911 Cecil Avenue
ReturnHeader/Filer/USAddress/CityNm0Woodlawn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021207
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-11-17T19:04:00-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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