Civic Intelligence

True Foundry Inc.

990EZ • Fiscal year 2022 • EIN 88-2253940

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

Organization Profiletruefoundry.org
5911 Cecil AvenueWoodlawn, MD 21207

(410) 216-4442

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

85th percentile

41%

Higher net margin than 85% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

90th percentile

$40,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 45.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

$36,147

No earlier filing loaded for comparison.

Net Assets

$36,147

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin85th percentile

Revenue

$88,916

No earlier filing loaded for comparison.

Expenses

$52,769

No earlier filing loaded for comparison.

Net Income

$36,147

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2022

Assets$36,147
Liabilities$0
Net Assets$36,147
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$88,916
Expenses$52,769
Net Income$36,147
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$88,916
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.

Program Services

DescriptionGrantsExpenses
Grants given to support entrepreneurs and community development.$8,182$0
Coaching was provided to 4 underrepresented founders which created 32 new jobs and supported 76 total jobs.$0$380
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter MuellerExecutive Director/Treasurer/SecretaryFT$40,000-$40,000
Theodore SutherlandChairman Of The Board-$0--
Kwami WilliamsDirectorPT$0--
Emily CunninghamDirector-$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
2023-11-10
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“$7000 grants given to Future of Africa for vocational training and entrepreneurship support”

Form 990-EZ, Part I, Line 16

“Description;Amount^Subscriptions and Communication;473|Professional Services;537|Transport and Travel;119|License and Registration;827|Bank and Transaction Fee;133|Misc Expenses;389^Total;2478^”

Raw XML Appendix170 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/PersonNm2Emily Cunningham
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman of the Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Executive Director/Treasurer/Secretary
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02478
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/PrintingPublicationsPostageAmt050
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd0X
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt18182
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0380
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SalariesOtherCompEmplBnftAmt038309
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IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt052769
IRS990EZ/TotalProgramServiceExpensesAmt0380
IRS990EZ/TotalRevenueAmt088916
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt081520
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0$7000 grants given to Future of Africa for vocational training and entrepreneurship support
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Subscriptions and Communication;473|Professional Services;537|Transport and Travel;119|License and Registration;827|Bank and Transaction Fee;133|Misc Expenses;389^Total;2478^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
ReasonableCauseExplanation/ExplanationTxt0Extension was filed to allow time for proper information to be gathered.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-10
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ReturnHeader/Filer/EIN0882253940
ReturnHeader/Filer/PhoneNum04102164442
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ReturnHeader/ReturnTs02023-11-10T23:01:10-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-05-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,147
Liabilities
$0
Net assets
$36,147
Revenue
$88,916
Expenses
$52,769
Net income
$36,147
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