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
86 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
7 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 covers grants provided to the true value boys and girls club, as well as awards to the chicagoland boys and girls clubs. These grants continue the heritage of nurturing stronger futures for at-risk youth who depend on these clubs.
Form 990 Part III, line 4, FY2020. 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, FY2020. 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. For 2020, the foundation donated to 71 organizations via 54 unique retailers.
Form 990 Part III, line 4, FY2020. 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 FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.5M | $350K |
| Total assetsLn 16 | $1.6M | $574K |
| LiabilitiesLn 26 | $814K | $307K |
| Net assetsLn 32 | $801K | $267K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $710K | $710K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $115K | $57K | $57K | |
| Accounting feesLn 11c | $42K | $42K | ||
| Other fees for servicesLn 11g | $245K | $243K | $2K | |
| Total functional expensesLn 25 | $1.1M | $953K | $102K | $57K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled 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 |
| FY2020 ViewingFiled with the IRS Nov 2, 2021 | $577K | $1.1M | −$535K | $267K | 990 PDF |
Schedules filed Part IV
See the full FY2020 990
Part I · Summary $577,466 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 3 to look at
Part VIII · Statement of revenue $577,466 across 5 lines filed
Part IX · Statement of functional expenses $1,112,070 across 4 lines filed
Part X · Balance sheet $573,558 assets, 11 lines filed
Part XI · Reconciliation of net assets $266,758 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.
We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.