Tru EIN 47-1411854 Form 990 (PDF) Claim this org

Tru FY2021 filing

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Transforms children's learning into an engaging and memorable experience. For fiscal year 2021 it reported $761K in revenue, $640K in expenses, and $400K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Palo Alto, CA
Website
truschool.org
Filings
5 on file (2020–2021)
Revenue
$761KFY2021
Expenses
$640K
Net assets
$400K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1411854 Public charity (501(c)(3)) Palo Alto, CA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Transforms children's learning into an engaging and memorable experience.
Leadership
Theodore Timpson · Head of School · $87K
Money in and out
$761K revenue, $640K expenses
Bottom line
75% program efficiency
Where the money goes · FY2021
Total revenue
$761K
Pt VIII · Ln 12
Total expenses
$640K
Pt IX · Ln 25
Net assets
$400K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $121K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.26 Fundraising $0.00
Program efficiency
75%
of spending reaches programs
Operating runway
16.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$761K
FY2021▲ +43%
Expenses
$640K
FY2021▲ +17%
Total assets
$870K
FY2021▲ +18%
Total liabilities
$470K
FY2021▲ +3%
Total revenue
$761K
Pt VIII · Ln 12
Total expenses
$640K
Pt IX · Ln 25
Net assets
$400K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$121K
Total assetsPt X · Ln 16$870K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $479K of program spending, described in the organization's own filed words · FY2020.
01

Provided full day elementry program of study and after-school programs to children age 4-11.

$479Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTru
EINHdr · item D47-1411854
Principal addressHdr · item CPalo Alto, CA
WebsiteHdr · item Jtruschool.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFJan 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$86,527Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2021FY2020
Theodore Timpson$136,000$121,914$116,962$86,527$94,510

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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Statement of Revenue

Part VIII
Program service revenue$612K · 80%
Contributions & grants$147K · 19%
Program service revenue80%$612K
Contributions & grants19%$147K
Investment income$2K
Total revenueLn 12$761K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.26 Fundraising $0.00
Program services75%$479K
Management & general26%$167K
Fundraising$512
Total functional expensesLn 25$640K

Balance Sheet

Part X · end of year
CashLn 1$858K
Total assetsLn 16$870K
Total liabilitiesLn 26$470K
Total net assetsLn 32$400K
Months of cash on handcomputed16.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $858K · Operating expenses/yr $640K
16.1 months
Where the money goes
Program services
Program services $479K · Total expenses $640K
75%
Management & General
Management & general $167K · Total expenses $640K
26%
Fundraising
Fundraising $512 · Total expenses $640K
0.08%
Cost to raise $1
Fundraising expense (2-yr avg) $7K · Solicited contributions (2-yr avg) $112K
$0.07 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $147K · Total revenue $761K
19%
Government reliance
Government grants — · Total revenue $761K
Earned-income share
Program service revenue $612K · Total revenue $761K
80%
Investment reliance
Investment income $2K · Total revenue $761K
+0.3%
Program self-sufficiency
Program service revenue $612K · Total expenses $640K
96%
Growth & trend
Revenue growth (YoY)
This year $761K · Prior year $531K
+43%
Net-asset trend (YoY)
End of year $400K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $761K · Expenses $640K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $870K
Net-asset ratio
Net assets $400K · Total assets $870K
46%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $870K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Theodore Timpson · Reported title HEAD OF SCHOOL · Highest reported compensation $87K · Total expenses $640K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $531K · Total expenses $640K
83%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 26%
Fundraising cost ratio 0.3%
Revenue growth 43%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$24K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2024$1.0M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022not on file
FY2021$761K revenue · viewing · ⤓ 990 PDF
FY2020$531K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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