Truth in Accounting FY2023 filing

Tax-deductible

Glencoe, IL501(c)(3)Public & Societal BenefitEIN 35-2185292

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

501(c)(3) charity; gifts are tax-deductible.
87¢ 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
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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.2 months of spending in cash; 3 or more.
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
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$215K
-22% vs prior year
Spent
$239K
To programs
87%
Net assets
$199K
By yearFY2020–FY2024
Revenue
$215K
FY2023▼ -22%
Revenue by fiscal year
FY2020$558K
FY2021$952K
FY2022$275K
FY2023$215K
FY2024$246K
Expenses
$239K
FY2023▲ +7%
Expenses by fiscal year
FY2020$735K
FY2021$636K
FY2022$224K
FY2023$239K
FY2024$218K
Net assets
$199K
FY2023▼ -11%
Net assets by fiscal year
FY2020−$144K
FY2021$172K
FY2022$223K
FY2023$199K
FY2024$226K

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 (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

87 cents of each dollar spent went to programs.

Program services 87% · $208K Management & general 6% · $13K Fundraising 7% · $18K

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
CEO/Board Member/President
$0Pt VII · Sec A
Board Member/Chair of Development
$0Pt VII · Sec A
Board Member/Treasurer
$0Pt VII · Sec A
Board Member
$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.

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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

Educates citizens with clear, trustworthy government financial data.

Provided by the organization

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1 program service account for $208K of program spending, described in the organization's own filed words · FY2023.
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.

$208Kprogram 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 3 funders$78K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$215K
Ln 12
Gifts and grantsLn 1h$212K
Fees for servicesLn 2g$2K
Other incomeLn 4–11$1K
Money outPt IX
$239K
Ln 25
Programscol B$208K
Managementcol C$13K
Fundraisingcol D$18K
Owns and owesPt X
$199K
net assets · Ln 32
Cash and savingsLn 1–2$163K
Total assetsLn 16$199K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$212K
Noncash giftsLn 1g$7K
Fees for servicesLn 2g$2K
Investment incomeLn 3$792
Other incomeLn 4–11$1K
Gains on assetsLn 7−$372
Total revenueLn 12$215K
Assets in detailPt X, end of year
CashLn 1$128K
SavingsLn 2$35K
Cash and savings togetherLn 1–2$163K
Total assetsLn 16$199K
LiabilitiesLn 26$0
Net assetsLn 32$199K
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 FY23End FY23
Cash and savingsLn 1–2$221K$163K
Total assetsLn 16$264K$199K
LiabilitiesLn 26$41K$0
Net assetsLn 32$223K$199K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$34K$31K$2K$2K
Payroll taxesLn 10$2K$2K$124$124
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$155K$137K$3K$15K
Office expensesLn 13$1K$188$449$420
Information technologyLn 14$19K$19K
TravelLn 17$9K$9K
Conferences, conventions and meetingsLn 19$890$890
InsuranceLn 23$2K$2K$48$167
Other expenses (24a–d)Ln 24$9K$9K$33$172
Total functional expensesLn 25$239K$208K$13K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $246K$218K$27K$226K 990 PDF
FY2023 Viewing $215K$239K−$24K$199K 990 PDF
FY2022 $275K$224K$51K$223K 990 PDF
FY2021 $952K$636K$315K$172K 990 PDF
FY2020 $558K$735K−$177K−$144K 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 $215,419 across 8 lines filed
VIII-1f All other contributions, gifts and grants$211,875
VIII-1g Noncash contributions (included above)$7,490
VIII-1h Total contributions, gifts and grants$211,875
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,750$1,750
VIII-3 Investment incomeExcluded from tax $1,164$1,164
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$372−$372
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,002$1,002
VIII-12 Total revenueRelated to mission $1,750 · Unrelated business $0 · Excluded from tax $1,794$215,419
Part IX · Statement of functional expenses $239,206 across 10 lines filed
IX-7 Other salaries and wagesPrograms $30,881 · Management $1,716 · Fundraising $1,716$34,313
IX-10 Payroll taxesPrograms $2,229 · Management $124 · Fundraising $124$2,477
IX-11c Accounting feesManagement $6,984$6,984
IX-11g Other fees for servicesPrograms $136,652 · Management $3,030 · Fundraising $15,135$154,817
IX-13 Office expensesPrograms $188 · Management $449 · Fundraising $420$1,057
IX-14 Information technologyPrograms $18,813$18,813
IX-17 TravelPrograms $8,888$8,888
IX-19 Conferences, conventions and meetingsManagement $890$890
IX-23 InsurancePrograms $1,674 · Management $48 · Fundraising $167$1,889
IX-24 Other expenses (24a–d)Programs $8,873 · Management $33 · Fundraising $172$9,078
IX-25 Total functional expensesPrograms $208,198 · Management $13,274 · Fundraising $17,734$239,206
Part X · Balance sheet $198,897 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $194,454$128,091
X-2 Savings and temporary cash investmentsStart of year $26,611$34,894
X-4 Accounts receivableStart of year $34,702$34,702
X-9 Prepaid expenses and deferred chargesStart of year $7,758$1,210
X-16 Total assetsStart of year $263,525$198,897
X-17 Accounts payable and accrued expensesStart of year $7,904$0
X-19 Deferred revenueStart of year $32,937$0
X-26 Total liabilitiesStart of year $40,841$0
X-27 Net assets without donor restrictionsStart of year $222,684$198,897
X-32 Total net assets or fund balancesStart of year $222,684$198,897
X-33 Total liabilities and net assetsStart of year $263,525$198,897
Part XI · Reconciliation of net assets $198,897 net assets at year end
XI-1 Total revenue$215,419
XI-2 Total expenses$239,206
XI-3 Revenue less expenses−$23,787
XI-4 Net assets at start of year$222,684
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$198,897

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

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