True Value Foundation FY2023 filing

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EIN 26-1897927 Public charity (501(c)(3)) Chicago, IL NTEE B82
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$646K
FY2023▼ -11%
Expenses
$755K
FY2023▲ +33%

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Improves youth lives by providing essential community resources. For fiscal year 2023 it reported $646K in revenue, $755K in expenses, and $303K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Chicago, IL
Website
truevaluecompany.com
Filings
5 on file (2020–2023)
Revenue
$646KFY2023
Expenses
$755K
Net assets
$303K
People
8
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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
$646K revenue, $755K expenses
Bottom line
75% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Natl Christian Charitable Fdn INC

1 distinct foundation funder(s) on file, $15K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

75% to programs

75% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -11% vs prior year

Revenue band $100K–1M, -11% versus the prior filing year (down). See detail →

Where the money goes · FY2023
Total revenue
$646K
Pt VIII · Ln 12
Total expenses
$755K
Pt IX · Ln 25
Net assets
$303K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$109K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.18 Fundraising $0.07
Program efficiency
75%
of spending reaches programs
Operating runway
4.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-17%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$354K
FY2023▼ -15%
Total liabilities
$51K
FY2023▲ ×15
Revenue less expensesPt I · Ln 19−$109K
Total assetsPt X · Ln 16$354K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · 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 1a8
Independent voting membersPt VI · Ln 1b7
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
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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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Mission & Programs · Part III

Where the work happens

3 program services account for $565K of program spending, described in the organization's own filed words · FY2023.
01

The community service and assistance program in 2023 covered grants and awards to the chicagoland boys and girls clubs, the woodland california boys and girls club, the community foundation of middle tennessee, the united way of greater mchenry county illinois and the habitat for humanity .

$398Kprogram 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…

$110Kprogram 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.

$56Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$512K · 79%
Contributions & grants$131K · 20%
Investment income$3K · 1%
Other revenue79%$512K
Contributions & grants20%$131K
Investment income1%$3K
Total revenueLn 12$646K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.18 Fundraising $0.07
Program services75%$565K
Management & general18%$139K
Fundraising7%$50K
Total functional expensesLn 25$755K

Balance Sheet

Part X · end of year
CashLn 1$302K
Total assetsLn 16$354K
Total liabilitiesLn 26$51K
Total net assetsLn 32$303K
Months of cash on handcomputed4.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $302K · Operating expenses/yr $755K
4.8 months
Where the money goes
Program services
Program services $565K · Total expenses $755K
75%
Management & General
Management & general $139K · Total expenses $755K
18%
Fundraising
Fundraising $50K · Total expenses $755K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $43K · Solicited contributions (3-yr avg) $150K
$0.29 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $131K · Total revenue $646K
20%
Government reliance
Government grants — · Total revenue $646K
—
Earned-income share
Program service revenue $0 · Total revenue $646K
0%
Investment reliance
Investment income $3K · Total revenue $646K
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $755K
0%
Growth & trend
Revenue growth (YoY)
This year $646K · Prior year $727K
-11%
Net-asset trend (YoY)
End of year $303K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $646K · Expenses $755K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $354K
—
Net-asset ratio
Net assets $303K · Total assets $354K
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $354K
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 $755K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $86K · Total expenses $755K
11%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%——
Overhead ratio 18%——
Fundraising cost ratio 39%——
Revenue growth -11%——
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 · ⤓ 990 PDF
FY2023$646K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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