True Source Honey LLC FY2023 filing

Not tax-deductible

Mount Royal, NJ501(c)(6)Since 2010Community DevelopmentEIN 27-4592284

True source honey LLC (tsh) works to ensure honey is truthfully labeled and ethically sourced

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 3
filings with a surplus
Average surplus $110K a year · 35% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$264K
+63% vs prior year
Spent
$215K
Net assets
$151K
By yearFY2020–FY2025
Revenue
$264K
FY2023▲ +63%
Revenue by fiscal year
FY2020$179K
FY2021$186K
FY2022$161K
FY2023$264K
FY2024$353K
FY2025$318K
Expenses
$215K
FY2023
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$215K
FY2024$213K
FY2025$174K
Net assets
$151K
FY2023▲ +47%
Net assets by fiscal year
FY2020$136K
FY2021$87K
FY2022$103K
FY2023$151K
FY2024$291K
FY2025$434K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2011.

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

Who runs it and what they're paid

12 people listed on the 990.

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

Gordon Marks’s $43K as Executive Di is at the 23rd percentile of top reported officer pay among 1709 $100K–1M community 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Gordon Marks$43,200$43,200

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.

See True Source Honey LLC executive salaries →

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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

Ensures honey is truthfully labeled and ethically sourced.

Provided by the organization

This section is blank until True Source Honey LLC claims this page.

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1 program service, described in the organization's own filed words · FY2023.
01

Certification program for testing traceability and authenticity

Pt IX · col B

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$264K
Ln 12
Fees for servicesLn 2g$264K
Investment incomeLn 3$42
Money outPt IX
$215K
Ln 25
Owns and owesPt X
$151K
net assets · Ln 32
Cash and savingsLn 1–2$151K
Total assetsLn 16$151K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$264K
Investment incomeLn 3$42
Total revenueLn 12$264K
Assets in detailPt X, end of year
CashLn 1$123K
SavingsLn 2$28K
Cash and savings togetherLn 1–2$151K
Total assetsLn 16$151K
LiabilitiesLn 26$0
Net assetsLn 32$151K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$103K$151K
Total assetsLn 16$103K$151K
LiabilitiesLn 26$0$0
Net assetsLn 32$103K$151K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$74K
Legal feesLn 11b$8K
Accounting feesLn 11c$1K
Other fees for servicesLn 11g$95K
Office expensesLn 13$9K
Information technologyLn 14$12K
TravelLn 17$1K
Conferences, conventions and meetingsLn 19$8K
InsuranceLn 23$2K
All other expensesLn 24e$5K
Total functional expensesLn 25$215K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $318K$174K$144K$434K 990 PDF
FY2024 $353K$213K$139K$291K 990 PDF
FY2023 Viewing $264K$215K$48K$151K 990 PDF
FY2022 $161K$103K 990 PDF
FY2021 $186K$87K 990 PDF
FY2020 $179K$136K 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 $263,655 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $263,613$263,613
VIII-3 Investment incomeExcluded from tax $42$42
VIII-12 Total revenueRelated to mission $263,613 · Unrelated business $0 · Excluded from tax $42$263,655
Part IX · Statement of functional expenses $215,351 across 10 lines filed
IX-11a Management fees$73,648
IX-11b Legal fees$8,355
IX-11c Accounting fees$1,010
IX-11g Other fees for services$95,015
IX-13 Office expenses$9,351
IX-14 Information technology$12,092
IX-17 Travel$1,018
IX-19 Conferences, conventions and meetings$7,798
IX-23 Insurance$2,313
IX-24e All other expenses$4,751
IX-25 Total functional expenses$215,351
Part X · Balance sheet $151,364 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $75,218$123,480
X-2 Savings and temporary cash investmentsStart of year $27,842$27,884
X-16 Total assetsStart of year $103,060$151,364
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $103,060$151,364
X-32 Total net assets or fund balancesStart of year $103,060$151,364
X-33 Total liabilities and net assetsStart of year $103,060$151,364
Part XI · Reconciliation of net assets $151,364 net assets at year end
XI-1 Total revenue$263,655
XI-2 Total expenses$215,351
XI-3 Revenue less expenses$48,304
XI-4 Net assets at start of year$103,060
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$151,364

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

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