True Value Foundation EIN 26-1897927 Form 990 (PDF) Claim this org

True Value Foundation

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Improves youth lives by providing essential community resources. For fiscal year 2024 it reported $465K in revenue, $554K in expenses, and $214K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Chicago, IL
Website
truevaluecompany.com
Filings
5 on file (2020–2024)
Revenue
$465KFY2024
Expenses
$554K
Net assets
$214K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-1897927 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves youth lives by providing essential community resources.
Leadership
John Vanderpool · President
Money in and out
$465K revenue, $554K expenses
Bottom line
75% program efficiency
Where the money goes · FY2024
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$554K
Pt IX · Ln 25
Net assets
$214K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$89K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.17 Fundraising $0.08
Program efficiency
75%
of spending reaches programs+0.2% vs prior filing year
Operating runway
10.3mo
months of highly liquid reserves at operating expense rate▲ +115% vs prior filing year
Surplus margin
-19%
revenue over expenses, this year▼ -14% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$465K
FY2024▼ -28%
Expenses
$554K
FY2024▼ -27%
Total assets
$483K
FY2024▲ +37%
Total liabilities
$269K
FY2024▲ +431%
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$554K
Pt IX · Ln 25
Net assets
$214K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$89K
Total assetsPt X · Ln 16$483K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrue Value Foundation
EINHdr · item D26-1897927
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jtruevaluecompany.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFAug 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $416K of program spending, described in the organization's own filed words · FY2024.
01

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.

$303Kprogram expense
02

Painting 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…

$92Kprogram expense
03

When 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.

$21Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$370K · 80%
Contributions & grants$90K · 19%
Investment income$5K · 1%
Other revenue80%$370K
Contributions & grants19%$90K
Investment income1%$5K
Total revenueLn 12$465K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.17 Fundraising $0.08
Program services75%$416K
Management & general17%$92K
Fundraising8%$46K
Total functional expensesLn 25$554K

Balance Sheet

Part X · end of year
CashLn 1$475K
Total assetsLn 16$483K
Total liabilitiesLn 26$269K
Total net assetsLn 32$214K
Months of cash on handcomputed10.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $475K · Operating expenses/yr $554K
10.3 months
Where the money goes
Program services
Program services $416K · Total expenses $554K
75%
Management & General
Management & general $92K · Total expenses $554K
17%
Fundraising
Fundraising $46K · Total expenses $554K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $46K · Solicited contributions (3-yr avg) $136K
$0.34 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $90K · Total revenue $465K
19%
Government reliance
Government grants — · Total revenue $465K
Earned-income share
Program service revenue $0 · Total revenue $465K
0%
Investment reliance
Investment income $5K · Total revenue $465K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $554K
0%
Growth & trend
Revenue growth (YoY)
This year $465K · Prior year $646K
-28%
Revenue CAGR
FY2020 $577K · FY2024 $465K
-5%
Net-asset trend (YoY)
End of year $214K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $465K · Expenses $554K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $483K
Net-asset ratio
Net assets $214K · Total assets $483K
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $483K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Vanderpool · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $554K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $76K · Total expenses $554K
14%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 17%
Fundraising cost ratio 52%
Revenue growth -28%
Legal fee ratio 0.1%
Accounting fee ratio 9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$15K
Grants paid · 11 grants · $1.3M · 2020–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$465K revenue · viewing · ⤓ 990 PDF
FY2023$646K revenue · ⤓ 990 PDF
FY2022$727K revenue · ⤓ 990 PDF
FY2021$671K revenue · ⤓ 990 PDF
FY2020$577K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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