Trustus INC: FY2020 Nonprofit Profile & Form 990 (EIN 57-0804610)

Revenue by fiscal year
FY2020	$460K
FY2021	$463K
FY2022	$551K
FY2023	$587K
FY2024	$665K
FY2025	$638K

Expenses by fiscal year
FY2020	$476K
FY2021	$369K
FY2022	$524K
FY2023	$649K
FY2024	$668K
FY2025	$641K

Net assets by fiscal year
FY2020	$174K
FY2021	$265K
FY2022	$293K
FY2023	$232K
FY2024	$217K
FY2025	$214K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1987.

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

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $446K Management & general 4% · $20K Fundraising 2% · $9K

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

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

See Attached

Board Members

$0Pt VII · Sec A

See Trustus INC executive salaries →

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

Fosters community appreciation for theater arts.

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1 program · $446K · in their own filed words · FY2019

01

Production of plays, workshops and classes.

$446Kprogram 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

Shubert Foundation INCFY2024$30K

Central Carolina Community FoundationFY2024$10K

Total grants receivedfrom 2 funders$40K

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$460K

Ln 12

Gifts and grantsLn 1h$266K

Fees for servicesLn 2g$180K

Other incomeLn 4–11$14K

Money outPt IX

$476K

Ln 25

Programscol B$446K

Managementcol C$20K

Fundraisingcol D$9K

Owns and owesPt X

$174K

net assets · Ln 32

Cash and savingsLn 1–2$34K

Total assetsLn 16$472K

LiabilitiesLn 26$297K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$266K

Fees for servicesLn 2g$180K

Other incomeLn 4–11$14K

Total revenueLn 12$460K

Assets in detailPt X, end of year

CashLn 1$34K

Cash and savings togetherLn 1–2$34K

Pledges and grants receivableLn 3$35K

Accounts receivableLn 4$21K

Land, buildings, equipmentLn 10c$382K

Total assetsLn 16$472K

LiabilitiesLn 26$297K

Net assetsLn 32$174K

OperationsPt I, VI

EmployeesI 54

VolunteersI 60

Fiscal year endsHeaderAugust

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$18K	$34K
Land, buildings, equipmentLn 10c	$392K	$382K
Total assetsLn 16	$458K	$472K
LiabilitiesLn 26	$269K	$297K
Net assetsLn 32	$189K	$174K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other expenses (24a–d)Ln 24	$476K	$446K	$20K	$9K
Total functional expensesLn 25	$476K	$446K	$20K	$9K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Jan 27, 2026	$638K	$641K	−$3K	$214K	990 PDF
FY2024Filed with the IRS Oct 29, 2024	$665K	$668K	−$3K	$217K	990 PDF
FY2023Filed with the IRS Jan 16, 2024	$587K	$649K	−$61K	$232K	990 PDF
FY2022Filed with the IRS Jan 12, 2023	$551K	$524K	$27K	$293K	990 PDF
FY2021Filed with the IRS Feb 16, 2022	$463K	$369K	$94K	$265K	990 PDF
FY2020 ViewingFiled with the IRS Feb 25, 2021	$460K	$476K	−$16K	$174K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $459,731 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $136,326$266,077

I-9 Program service revenuePrior year $425,677$179,633

I-10 Investment income$0

I-11 Other revenuePrior year $26,411$14,021

I-12 Total revenuePrior year $588,414$459,731

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $600,857$475,993

I-18 Total expensesPrior year $600,857$475,993

I-19 Revenue less expensesPrior year −$12,443−$16,262

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 $459,731 across 6 lines filed

VIII-1f All other contributions, gifts and grants$266,077

VIII-1h Total contributions, gifts and grants$266,077

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$179,633

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $9,130$9,130

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,891 · Unrelated business $0 · Excluded from tax $0$4,891

VIII-12 Total revenueRelated to mission $184,524 · Unrelated business $0 · Excluded from tax $9,130$459,731

Part IX · Statement of functional expenses $475,993 across 1 line filed

IX-24 Other expenses (24a–d)Programs $446,088 · Management $20,408 · Fundraising $9,497$475,993

IX-25 Total functional expensesPrograms $446,088 · Management $20,408 · Fundraising $9,497$475,993

Part X · Balance sheet $471,559 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $17,896$34,304

X-3 Pledges and grants receivableStart of year $34,585$34,585

X-4 Accounts receivableStart of year $13,266$20,543

X-10c Land, buildings and equipment, netStart of year $392,046$382,127

X-16 Total assetsStart of year $457,793$471,559

X-17 Accounts payable and accrued expensesStart of year $22,185$26,275

X-19 Deferred revenueStart of year $6,930$11,360

X-22 Loans from officers and insidersStart of year −$3,000−$3,000

X-23 Secured mortgages and notes payableStart of year $242,956$219,870

X-25 Other liabilitiesStart of year $0$42,664

X-26 Total liabilitiesStart of year $269,071$297,169

X-27 Net assets without donor restrictionsStart of year $188,722$174,390

X-32 Total net assets or fund balancesStart of year $188,722$174,390

X-33 Total liabilities and net assetsStart of year $457,793$471,559

Part XI · Reconciliation of net assets $174,390 net assets at year end

XI-1 Total revenue$459,731

XI-2 Total expenses$475,993

XI-3 Revenue less expenses−$16,262

XI-4 Net assets at start of year$188,722

XI-8 Prior period adjustments$1,930

XI-10 Net assets at end of year$174,390

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Trustus INC FY2020 filing

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