Simple Truth Foundation INC FY2023 filing

Tax-deductible

Leesburg, FL501(c)(3)Since 2010Food & AgricultureEIN 27-3684092

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To provide food services and education through a food pantry for low income people without regard to race creed color or sexual orientation.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $1K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $551K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$369K
+25% vs prior year
Spent
$372K
To programs
89%
Net assets
$1K
By yearFY2022–FY2025
Revenue
$369K
FY2023▲ +25%
Revenue by fiscal year
FY2022$295K
FY2023$369K
FY2024$909K
FY2025$1.0M
Expenses
$372K
FY2023▲ +26%
Expenses by fiscal year
FY2022$295K
FY2023$372K
FY2024$844K
FY2025$1.1M
Net assets
$1K
FY2023▼ -93%
Net assets by fiscal year
FY2022$17K
FY2023$1K
FY2024−$67K
FY2025−$149K

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Exemption reinstated (2022-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jan 2023.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $332K Management & general 11% · $40K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A

Perry McCartney’s $60K as Director President is at the 63rd percentile of top reported officer pay among 1171 $100K–1M food & agriculture 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024
Perry McCartney$60,000$84,667
Margarita Mc Cartney$48,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aNo

Programs and updates

Offers food and education through a pantry for low-income individuals.

Provided by the organization

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1 program service account for $332K of program spending, described in the organization's own filed words · FY2023.
01

Expanded food pantryexpanded education programs for food pantry customersno increase in overhead cost or payroll with expanded services.

$332Kprogram expense

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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
Total grants receivedfrom 2 funders$551K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$369K
Ln 12
Gifts and grantsLn 1h$369K
Money outPt IX
$372K
Ln 25
Programscol B$332K
Managementcol C$40K
Owns and owesPt X
$1K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$18K
LiabilitiesLn 26$17K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$369K
Total revenueLn 12$369K
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
Total assetsLn 16$18K
LiabilitiesLn 26$17K
Net assetsLn 32$1K
OperationsPt I, VI
EmployeesI 511
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$21K$18K
Total assetsLn 16$21K$18K
LiabilitiesLn 26$5K$17K
Net assetsLn 32$17K$1K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$11K$11K
Pay of current officers, directors and key staffLn 5$40K$40K
Other salaries and wagesLn 7$61K$61K
Payroll taxesLn 10$23K$23K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$16K$16K
Advertising and promotionLn 12$70$70
Office expensesLn 13$4K$4K
OccupancyLn 16$14K$14K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$185K$185K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$372K$332K$40K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$1.1M−$57K−$149K 990 PDF
FY2024 $909K$844K$65K−$67K 990 PDF
FY2023 Viewing $369K$372K−$3K$1K 990 PDF
FY2022 $295K$295K$413$17K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $368,729 across 3 lines filed
VIII-1f All other contributions, gifts and grants$368,729
VIII-1h Total contributions, gifts and grants$368,729
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$368,729
Part IX · Statement of functional expenses $371,505 across 12 lines filed
IX-4 Benefits paid to or for membersPrograms $10,930$10,930
IX-5 Pay of current officers, directors and key staffManagement $40,000$40,000
IX-7 Other salaries and wagesPrograms $61,225$61,225
IX-10 Payroll taxesPrograms $22,890$22,890
IX-11c Accounting feesPrograms $5,200$5,200
IX-11g Other fees for servicesPrograms $16,049$16,049
IX-12 Advertising and promotionPrograms $70$70
IX-13 Office expensesPrograms $3,740$3,740
IX-16 OccupancyPrograms $14,189$14,189
IX-23 InsurancePrograms $9,544$9,544
IX-24 Other expenses (24a–d)Programs $185,258$185,258
IX-24e All other expensesPrograms $2,410$2,410
IX-25 Total functional expensesPrograms $331,505 · Management $40,000 · Fundraising $0$371,505
Part X · Balance sheet $18,088 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $21,495$18,088
X-16 Total assetsStart of year $21,495$18,088
X-25 Other liabilitiesStart of year $4,939$16,950
X-26 Total liabilitiesStart of year $4,939$16,950
X-32 Total net assets or fund balancesStart of year $16,556$1,138
X-33 Total liabilities and net assetsStart of year $21,495$18,088
Part XI · Reconciliation of net assets $1,138 net assets at year end
XI-1 Total revenue$368,729
XI-2 Total expenses$371,505
XI-3 Revenue less expenses−$2,776
XI-4 Net assets at start of year$16,556
XI-8 Prior period adjustments−$12,642
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,138

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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