Truth in Accounting FY2021 filing

Tax-deductible

Glencoe, IL501(c)(3)Public & Societal BenefitEIN 35-2185292Revenue $952K in FY2021

On file with the IRStruthinaccounting.org336 Hazel Ave Unit 580, 60022-0823 · Glencoe, ILTax-exempt since Sep 2003Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Educating and empowering citizens with understandable, reliable, and transparent governmental financial information.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$86K 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

FY2021 · 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
3 of 5
filings with a surplus
Average surplus $38K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 14% of spending
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
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $78K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$30K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$952K
+71% vs prior year
Spent
$636K
To programs
64%
Net assets
$172K
By yearFY2020–FY2024
Revenue
$952K
FY2021▲ +71%
Tap a bar for its year
Revenue by fiscal year
FY2020$558K
FY2021$952K
FY2022$275K
FY2023$215K
FY2024$246K
Expenses
$636K
FY2021▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$735K
FY2021$636K
FY2022$224K
FY2023$239K
FY2024$218K
Net assets
$172K
FY2021▲ +219%
Tap a bar for its year
Net assets by fiscal year
FY2020−$144K
FY2021$172K
FY2022$223K
FY2023$199K
FY2024$226K

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2003.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $409K Management & general 22% · $138K Fundraising 14% · $89K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

13 people listed on the 990; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation
President Through 12/31/21
$86,500Pt VII · Sec A
Officer Through 12/31/21
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member/Chair of Development
$0Pt VII · Sec A
Board Member Through 12/31/21
$0Pt VII · Sec A
Board Member Through 12/31/21
$0Pt VII · Sec A
Chair Through 12/31/21
$0Pt VII · Sec A
Board Member Through 12/31/21
$0Pt VII · Sec A

Joan Colmar’s $86K as President Through 12/31/21 is at the 68th percentile of top reported officer pay among 1044 $100K–1M public & societal benefit 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
Joan Colmar$86,500$87,000

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.

See Truth in Accounting executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Educates citizens with clear, trustworthy government financial data.

Questions for Truth in Accounting

Tap to ask. Truth in Accounting sees how many people are interested.

Your first name shows with your question. Truth in Accounting answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $409K · in their own filed words · FY2021
01

Educational Programs and Materials

Educating the public about federal, state and local governments' financial conditions through web pages, online posting, meetings with and speaking to groups and individuals, preparing and distributing research documents and educational material, and promoting accurate and consistent governmental accounting standards.

$409Kprogram 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
Total grants receivedfrom 3 funders$78K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$952K
Ln 12
Gifts and grantsLn 1h$928K
Fees for servicesLn 2g$23K
Money outPt IX
$636K
Ln 25
Programscol B$409K
Managementcol C$138K
Fundraisingcol D$89K
Owns and owesPt X
$172K
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$202K
LiabilitiesLn 26$30K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$928K
Government grantsLn 1e$195K
Noncash giftsLn 1g$7K
Fees for servicesLn 2g$23K
Gains on assetsLn 7−$119
Total revenueLn 12$952K
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$33K
Total assetsLn 16$202K
LiabilitiesLn 26$30K
Net assetsLn 32$172K
OperationsPt I, VI
EmployeesI 56
VolunteersI 613
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 FY21End FY21
Cash and savingsLn 1–2$31K$33K
Total assetsLn 16$72K$202K
LiabilitiesLn 26$216K$30K
Net assetsLn 32−$144K$172K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$104K$16K$47K$42K
Other salaries and wagesLn 7$251K$195K$28K$28K
Other employee benefitsLn 9$55K$42K$6K$6K
Payroll taxesLn 10$28K$17K$5K$5K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$92K$89K$2K$2K
Office expensesLn 13$9K$7K$1K$1K
Information technologyLn 14$17K$1K$16K
OccupancyLn 16$26K$16K$6K$4K
TravelLn 17$7K$7K$588
Conferences, conventions and meetingsLn 19$2K$679$1K
InterestLn 20$83$83
InsuranceLn 23$3K$786$2K$239
Other expenses (24a–d)Ln 24$21K$18K$2K$767
Total functional expensesLn 25$636K$409K$138K$89K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $246K$218K$27K$226K 990 PDF
FY2023 $215K$239K−$24K$199K 990 PDF
FY2022 $275K$224K$51K$223K 990 PDF
FY2021 Viewing $952K$636K$315K$172K 990 PDF
FY2020 $558K$735K−$177K−$144K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $951,588 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $556,230$928,357
I-9 Program service revenuePrior year $1,700$23,350
I-10 Investment incomePrior year $0−$119
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $557,930$951,588
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $482,276$437,442
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $253,082$198,694
I-18 Total expensesPrior year $735,358$636,136
I-19 Revenue less expensesPrior year −$177,428$315,452
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $951,588 across 7 lines filed
VIII-1e Government grants$194,800
VIII-1f All other contributions, gifts and grants$733,557
VIII-1g Noncash contributions (included above)$6,920
VIII-1h Total contributions, gifts and grants$928,357
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,350$23,350
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$119−$119
VIII-12 Total revenueRelated to mission $23,350 · Unrelated business $0 · Excluded from tax −$119$951,588
Part IX · Statement of functional expenses $636,136 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $15,587 · Management $46,760 · Fundraising $41,564$103,911
IX-7 Other salaries and wagesPrograms $194,753 · Management $28,201 · Fundraising $28,489$251,443
IX-9 Other employee benefitsPrograms $41,905 · Management $6,213 · Fundraising $6,401$54,519
IX-10 Payroll taxesPrograms $16,946 · Management $5,476 · Fundraising $5,147$27,569
IX-11b Legal feesManagement $1,576$1,576
IX-11c Accounting feesManagement $19,612$19,612
IX-11g Other fees for servicesPrograms $88,578 · Management $1,632 · Fundraising $1,632$91,842
IX-13 Office expensesPrograms $6,526 · Management $1,075 · Fundraising $1,414$9,015
IX-14 Information technologyPrograms $1,476 · Management $15,845$17,321
IX-16 OccupancyPrograms $16,410 · Management $5,960 · Fundraising $3,517$25,887
IX-17 TravelPrograms $6,897 · Management $588$7,485
IX-19 Conferences, conventions and meetingsPrograms $679 · Management $1,234$1,913
IX-20 InterestManagement $83$83
IX-23 InsurancePrograms $786 · Management $1,987 · Fundraising $239$3,012
IX-24 Other expenses (24a–d)Programs $18,493 · Management $1,688 · Fundraising $767$20,948
IX-25 Total functional expensesPrograms $409,036 · Management $137,930 · Fundraising $89,170$636,136
Part X · Balance sheet $201,511 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $29,599$31,316
X-2 Savings and temporary cash investmentsStart of year $1,191$1,433
X-3 Pledges and grants receivableStart of year $29,783$153,118
X-4 Accounts receivable$1,700
X-9 Prepaid expenses and deferred chargesStart of year $11,614$13,944
X-16 Total assetsStart of year $72,187$201,511
X-17 Accounts payable and accrued expensesStart of year $80,234$29,819
X-26 Total liabilitiesStart of year $215,947$29,819
X-27 Net assets without donor restrictionsStart of year −$143,760$96,692
X-28 Net assets with donor restrictionsStart of year $0$75,000
X-32 Total net assets or fund balancesStart of year −$143,760$171,692
X-33 Total liabilities and net assetsStart of year $72,187$201,511
Part XI · Reconciliation of net assets $171,692 net assets at year end
XI-1 Total revenue$951,588
XI-2 Total expenses$636,136
XI-3 Revenue less expenses$315,452
XI-4 Net assets at start of year−$143,760
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$171,692

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.