Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
75 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
6 people listed on the 990.
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 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Improves youth lives by providing essential community resources.
Questions for True Value Foundation
Your first name shows with your question. True Value Foundation answers here, for everyone.
The community service and assistance program in 2024 covered grants and awards to the chicagoland boys and girls clubs and the habitat for humanity . These grants continue the heritage of nurturing stronger futures for at-risk youth who depend on these clubs.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-1897927) · Dispute this linePainting a brighter future is a program that rallies retailers to the cause of enhancing the educational environment in their communities. Elementary, junior high and high schools as well as boys and girls clubs across the country that meet basic qualifications are eligible to apply for an award to receive up to 40 gallons of paint to…
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-1897927) · Dispute this lineWhen a true value company retailer gives back to a youth-development focused non-profit organization in your community, true value foundation matches the contribution dollar for dollar to qualifying organizations, up to $1,000 annually.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-1897927) · 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 FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $302K | $475K |
| Total assetsLn 16 | $354K | $483K |
| LiabilitiesLn 26 | $51K | $269K |
| Net assetsLn 32 | $303K | $214K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $303K | $303K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $76K | $30K | $46K | |
| Legal feesLn 11b | $711 | $711 | ||
| Accounting feesLn 11c | $48K | $48K | ||
| Other fees for servicesLn 11g | $117K | $112K | $4K | |
| Office expensesLn 13 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $7K | $7K | ||
| Total functional expensesLn 25 | $554K | $416K | $92K | $46K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Aug 6, 2025 | $465K | $554K | −$89K | $214K | 990 PDF |
| FY2023Filed with the IRS Nov 14, 2024 | $646K | $755K | −$109K | $303K | 990 PDF |
| FY2022Filed with the IRS Nov 13, 2023 | $727K | $568K | $159K | $412K | 990 PDF |
| FY2021Filed with the IRS Mar 7, 2023 | $671K | $685K | −$14K | $253K | 990 PDF |
| FY2020Filed with the IRS Nov 2, 2021 | $577K | $1.1M | −$535K | $267K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $464,630 revenue, 12 lines filed
Part VI · Governance 5 of 6 board members independent, 3 to look at
Part VIII · Statement of revenue $464,630 across 6 lines filed
Part IX · Statement of functional expenses $553,875 across 7 lines filed
Part X · Balance sheet $483,218 assets, 11 lines filed
Part XI · Reconciliation of net assets $213,895 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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