Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jan 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
54 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
13 people listed on the 990; $30K paid to officers and key staff (Part VII, Section A).
Edward Wavak’s $30K as Trustee is at the 25th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2026 | FY2025 |
|---|---|---|
| Edward Wavak | $30,000 | $30,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See The Tws Foundation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Supports live theatre in Chicago's western suburbs, inspiring and educating all generations.
Questions for The Tws Foundation
Your first name shows with your question. The Tws Foundation answers here, for everyone.
Encourage and care for contributions that support the entertainment, education, and inspiration of multiple generations through the art of live theatre in the western suburbs of chicago.
Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-5693587) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2026 990, line by line.
Download 990
| Line | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| End of yearLn 1g | $993K | $863K | $781K | $703K | $644K |
| SpentLn 1d–1f | $2K | $575 | $8K |
| Line | Start FY26 | End FY26 |
|---|---|---|
| Cash and savingsLn 1–2 | $606K | $14K |
| InvestmentsLn 11–13 | $1.8M | $2.8M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $2.4M | $2.8M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $2.4M | $2.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $14K | $14K | ||
| Investment management feesLn 11f | $10K | $10K | ||
| InsuranceLn 23 | $350 | $350 | ||
| Other expenses (24a–d)Ln 24 | $2K | $25 | $1K | |
| Total functional expensesLn 25 | $26K | $14K | $11K | $1K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2026 Latest ViewingFiled with the IRS Aug 5, 2026 | $210K | $26K | $184K | $2.8M | 990 PDF |
| FY2025Filed with the IRS Sep 2, 2025 | $666K | $24K | $642K | $2.4M | 990 PDF |
| FY2024Filed with the IRS Sep 12, 2024 | $74K | $28K | $46K | $1.6M | 990 PDF |
| FY2023Filed with the IRS Aug 7, 2023 | $67K | $10K | $58K | $1.4M | 990 PDF |
| FY2022Filed with the IRS Sep 13, 2022 | $78K | $18K | $60K | $1.3M | 990 PDF |
| FY2021Filed with the IRS Nov 9, 2021 | $64K | $61K | $3K | $1.4M | 990 PDF |
Schedules filed Part IV
See the full FY2026 990
Part I · Summary $210,061 revenue, 12 lines filed
Part VI · Governance 10 of 13 board members independent, 2 to look at
Part VIII · Statement of revenue $210,061 across 4 lines filed
Part IX · Statement of functional expenses $26,205 across 4 lines filed
Part X · Balance sheet $2,827,391 assets, 12 lines filed
Part XI · Reconciliation of net assets $2,827,391 net assets at year end
Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File
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