Civic Intelligence

True Foundry Inc.

990EZ • Fiscal year 2023 • EIN 88-2253940

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

89th percentile

0.43x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

0.93x

Higher debt load relative to revenue than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

89th percentile

46%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

95th percentile

186%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-46%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$103,515

Up $67,368 (+186%) from 2022

Net Assets

Up

$58,515

Up $22,368 (+62%) from 2022

Liabilities

Up

$45,000

Up $45,000 from 2022

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin89th percentile

Revenue

Down

$48,271

Down $40,645 (-46%) from 2022

Expenses

Down

$25,903

Down $26,866 (-51%) from 2022

Net Income

Down

$22,368

Down $13,779 (-38%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

2023

Assets$103,515
Liabilities$45,000
Net Assets$58,515
Open 2023 Filing

Operations Trend

Revenue Growth12th percentile

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

2023

Revenue$48,271
Expenses$25,903
Net Income$22,368
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$48,271
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
Coaching was provided to 18 startups led by underrepresented founders which helped them create 142 new jobs and sustain a total of 528 jobs.$0$14,239
Grants given to an organization that provides meals, emergency health care, skills training, scholarships for children living on the street and another organization to repair broken boreholes, providing clean water for rural farmers in Ghana.$4,101$0
Compensation and Service Providers
Top Officer Pay78th 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
2024-11-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Subscriptions Licenses Registrations;2962|Contractor Transportation Travel;1137|Contractor Phone Internet;370|Bank Transaction Other Fees;270|Loan Interest;700^Total;5439^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^Unpaid loan principal to underrepresented founder Pure and Just;6725|Unpaid loan principal to underrepresented founder Midunu;50000^Total;56725^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Loan to help finance underrepresented founders from Matthew BeVier;25000|Loan to help finance underrepresented founders from Tim and Kris Johnson;20000^Total;45000^”

Raw XML Appendix166 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/PersonNm1Kwami Williams
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Emily Cunningham
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Peter Mueller
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman of the Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Executive Director/Treasurer/Secretary
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt056725
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt05439
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/PrintingPublicationsPostageAmt01857
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Subscriptions Licenses Registrations;2962|Contractor Transportation Travel;1137|Contractor Phone Internet;370|Bank Transaction Other Fees;270|Loan Interest;700^Total;5439^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^Unpaid loan principal to underrepresented founder Pure and Just;6725|Unpaid loan principal to underrepresented founder Midunu;50000^Total;56725^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;EOY Amount^Loan to help finance underrepresented founders from Matthew BeVier;25000|Loan to help finance underrepresented founders from Tim and Kris Johnson;20000^Total;45000^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Peter Mueller
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02177218374
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRUE FOUNDRY INC
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/ReturnTs02024-11-15T16:45:43-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$103,515
Liabilities
$45,000
Net assets
$58,515
Revenue
$48,271
Expenses
$25,903
Net income
$22,368
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