True Value Foundation FY2022 filing

Chicago, IL · Public charity (501(c)(3)) · Education

✓ Tax-deductible Latest data FY2022
Revenue
$727K
▲ +8% vs prior year
Spent
$568K
To programs
83%
Net assets
$412K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Natl Christian Charitable Fdn INC
$15K in the latest grant year.
Spent on programs?
83% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +8% vs prior year
Legal name (IRS)Hdr · item CTrue Value Foundation
EINHdr · item D26-1897927
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2008
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CChicago, IL
NTEE classificationIRS BMFEducation (B82)
WebsiteHdr · item Jtruevaluecompany.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.10 Fundraising $0.07
Program services83%$469K
Management & general10%$58K
Fundraising7%$41K
Total functional expensesLn 25$568K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$727K
FY2022▲ +8%
Expenses
$568K
FY2022▼ -17%
Program efficiency
83%
of spending reaches programs
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$416K
FY2022▲ +50%
Total liabilities
$4K
FY2022▼ -85%
Revenue less expensesPt I · Ln 19$159K
Total assetsPt X · Ln 16$416K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$256K
Total assetsLn 16$416K
Total liabilitiesLn 26$4K
Total net assetsLn 32$412K
Months of cash on handcomputed5.4

Statement of Revenue

Part VIII
Other revenue$538K · 74%
Contributions & grants$188K · 26%
Other revenue74%$538K
Contributions & grants26%$188K
Investment income$756
Total revenueLn 12$727K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $256K · Operating expenses/yr $568K
5.4 months
Where the money goes
Program services
Program services $469K · Total expenses $568K
83%
Management & General
Management & general $58K · Total expenses $568K
10%
Fundraising
Fundraising $41K · Total expenses $568K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $46K · Solicited contributions (3-yr avg) $127K
$0.36 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $188K · Total revenue $727K
26%
Government reliance
Government grants — · Total revenue $727K
—
Earned-income share
Program service revenue $0 · Total revenue $727K
0%
Investment reliance
Investment income $756 · Total revenue $727K
+0.1%
Program self-sufficiency
Program service revenue $0 · Total expenses $568K
0%
Growth & trend
Revenue growth (YoY)
This year $727K · Prior year $671K
+8%
Net-asset trend (YoY)
End of year $412K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $727K · Expenses $568K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $416K
—
Net-asset ratio
Net assets $412K · Total assets $416K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $416K
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 $568K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $81K · Total expenses $568K
14%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 10%——
Fundraising cost ratio 22%——
Revenue growth 8%——
Legal fee ratio 0.3%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See True Value Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
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

Mission and programs

Improves youth lives by providing essential community resources.

Provided by the organization

This section is blank until True Value Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $469K of program spending, described in the organization's own filed words · FY2022.
01

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.

$325Kprogram 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…

$127Kprogram 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.

$18Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $465K$554K-28% 990 PDF
FY2023 $646K$755K-11% 990 PDF
FY2022 Viewing $727K$568K+8% 990 PDF
FY2021 $671K$685K+16% 990 PDF
FY2020 $577K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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