True Kids 1

Tax-deductible

Taos, NM501(c)(3)Youth DevelopmentEIN 27-1939161Revenue $952K in FY2024

On file with the IRStruekids1.orgPo Box 2940, 87571-2940 · Taos, NMTax-exempt since Jul 2010Publicly supported charity — 170(b)(1)(A)(vi)

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To promote digital citizenship and open career paths for youth by providing them with media skills, tools, and opportunities.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$125K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $11K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 14% of spending
Top officer’s pay higher than 95% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $78K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$166K
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$952K
+88% vs prior year
Spent
$903K
To programs
84%
Net assets
$23K
By yearFY2020–FY2024
Revenue
$952K
FY2024▲ +88%
Tap a bar for its year
Revenue by fiscal year
FY2020$613K
FY2021$253K
FY2022$511K
FY2023$506K
FY2024$952K
Expenses
$903K
FY2024▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2020$522K
FY2021$335K
FY2022$521K
FY2023$609K
FY2024$903K
Net assets
$23K
FY2024▲ +193%
Tap a bar for its year
Net assets by fiscal year
FY2020$169K
FY2021$87K
FY2022$78K
FY2023−$25K
FY2024$23K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $759K Management & general 16% · $140K Fundraising 0% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$124,531Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Alexander Campbell’s $125K as Executive Di is at the 95th percentile of top reported officer pay among 1992 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers youth with media skills, tools, and opportunities to foster digital citizenship and open career paths.

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Provided by the organization

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2 programs · $759K · in their own filed words · FY2024
01

At true kids 1 (TK1) HQ, over 50 unique teens a week work with our six instructors to learn all about media production, from social shorts to long-form social justice pieces. Students gain core technological skills and deeper knowledge of the modern media world.

$620Kprogram expense
02

TK1 runs programs at schools across the county, principally offering instruction in our kids, screens, and phones digital-health program. This teaches children of all ages -- and their parents, grandparents, and teachers -- how to engage with the digital world in ways that are healthy and balanced.

$139Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$952K
Ln 12
Gifts and grantsLn 1h$612K
Fees for servicesLn 2g$338K
Other incomeLn 4–11$989
Money outPt IX
$903K
Ln 25
Programscol B$759K
Managementcol C$140K
Fundraisingcol D$4K
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$73K
Total assetsLn 16$190K
LiabilitiesLn 26$166K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$612K
Government grantsLn 1e$51K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$338K
Investment incomeLn 3$109
Other incomeLn 4–11$989
Total revenueLn 12$952K
Assets in detailPt X, end of year
CashLn 1$73K
Cash and savings togetherLn 1–2$73K
Land, buildings, equipmentLn 10c$115K
Other assetsLn 15$2K
Total assetsLn 16$190K
LiabilitiesLn 26$166K
Net assetsLn 32$23K
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$50K$73K
Land, buildings, equipmentLn 10c$30K$115K
Total assetsLn 16$128K$190K
LiabilitiesLn 26$153K$166K
Net assetsLn 32−$25K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$414K$410K$4K
Other employee benefitsLn 9$34K$8K$26K
Payroll taxesLn 10$32K$32K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$60K$35K$22K$2K
Advertising and promotionLn 12$9K$869$8K$300
Office expensesLn 13$3K$2K$400$835
Information technologyLn 14$4K$3K$135
OccupancyLn 16$33K$21K$12K
TravelLn 17$13K$13K$109
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$213K$187K$26K$185
All other expensesLn 24e$33K$29K$4K$632
Total functional expensesLn 25$903K$759K$140K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $952K$903K$49K$23K 990 PDF
FY2023 $506K$609K−$103K−$25K 990 PDF
FY2022 $511K$521K−$10K$78K 990 PDF
FY2021 $253K$335K−$82K$87K 990 PDF
FY2020 $613K$522K$91K$169K 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
See the full FY2024 990 (6 parts)
Part I · Summary $951,539 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $440,609$612,077
I-9 Program service revenuePrior year $63,493$338,364
I-10 Investment incomePrior year $178$109
I-11 Other revenuePrior year $1,856$989
I-12 Total revenuePrior year $506,136$951,539
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $403,594$479,581
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $205,465$423,410
I-18 Total expensesPrior year $609,059$902,991
I-19 Revenue less expensesPrior year −$102,923$48,548
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $951,539 across 8 lines filed
VIII-1e Government grants$51,299
VIII-1f All other contributions, gifts and grants$560,778
VIII-1g Noncash contributions (included above)$3,395
VIII-1h Total contributions, gifts and grants$612,077
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $338,364$338,364
VIII-3 Investment incomeRelated to mission $109$109
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $989$989
VIII-12 Total revenueRelated to mission $339,462$951,539
Part IX · Statement of functional expenses $902,991 across 15 lines filed
IX-7 Other salaries and wagesPrograms $410,006 · Management $3,650$413,656
IX-9 Other employee benefitsPrograms $8,035 · Management $25,901$33,936
IX-10 Payroll taxesPrograms $31,989$31,989
IX-11c Accounting feesManagement $21,755$21,755
IX-11g Other fees for servicesPrograms $35,467 · Management $22,445 · Fundraising $1,600$59,512
IX-12 Advertising and promotionPrograms $869 · Management $8,281 · Fundraising $300$9,450
IX-13 Office expensesPrograms $1,976 · Management $400 · Fundraising $835$3,211
IX-14 Information technologyPrograms $3,466 · Management $135$3,601
IX-16 OccupancyPrograms $20,742 · Management $12,013$32,755
IX-17 TravelPrograms $12,532 · Management $109$12,641
IX-20 InterestManagement $9,301$9,301
IX-22 Depreciation, depletion and amortizationPrograms $18,007$18,007
IX-23 InsuranceManagement $6,796$6,796
IX-24 Other expenses (24a–d)Programs $187,232 · Management $25,717 · Fundraising $185$213,134
IX-24e All other expensesPrograms $29,034 · Management $3,581 · Fundraising $632$33,247
IX-25 Total functional expensesPrograms $759,355 · Management $140,084 · Fundraising $3,552$902,991
Part X · Balance sheet $189,590 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $49,609$72,580
X-10c Land, buildings and equipment, netStart of year $30,367$114,610
X-15 Other assetsStart of year $17,435$2,400
X-16 Total assetsStart of year $127,726$189,590
X-17 Accounts payable and accrued expensesStart of year $1,003$1,067
X-25 Other liabilitiesStart of year $151,936$165,188
X-26 Total liabilitiesStart of year $152,939$166,255
X-27 Net assets without donor restrictionsStart of year −$25,213$23,335
X-32 Total net assets or fund balancesStart of year −$25,213$23,335
X-33 Total liabilities and net assetsStart of year $127,726$189,590
Part XI · Reconciliation of net assets $23,335 net assets at year end
XI-1 Total revenue$951,539
XI-2 Total expenses$902,991
XI-3 Revenue less expenses$48,548
XI-4 Net assets at start of year−$25,213
XI-10 Net assets at end of year$23,335

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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