Trustus INC EIN 57-0804610 Form 990 (PDF) Claim this org

Trustus INC FY2020 filing

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Fosters community appreciation for theater arts. For fiscal year 2020 it reported $460K in revenue, $476K in expenses, and $174K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Columbia, SC
Filings
6 on file (2020–2020)
Revenue
$460KFY2020
Expenses
$476K
Net assets
$174K
People
1
Filings
6
Updates
0
More identity details & actions ⌄
EIN  57-0804610 Public charity (501(c)(3)) Columbia, SC
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Fosters community appreciation for theater arts.
Leadership
See Attached · Board Members
Money in and out
$460K revenue, $476K expenses
Bottom line
94% program efficiency
Where the money goes · FY2020
Total revenue
$460K
Pt VIII · Ln 12
Total expenses
$476K
Pt IX · Ln 25
Net assets
$174K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.04 Fundraising $0.02
Program efficiency
94%
of spending reaches programs
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$460K
FY2020
Expenses
$476K
FY2020
Total assets
$472K
FY2020
Total liabilities
$297K
FY2020
Total revenue
$460K
Pt VIII · Ln 12
Total expenses
$476K
Pt IX · Ln 25
Net assets
$174K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$472K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $446K of program spending, described in the organization's own filed words · FY2019.
01

Production of plays, workshops and classes.

$446Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrustus INC
EINHdr · item D57-0804610
Principal addressHdr · item CColumbia, SC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65Z)
Ruling yearIRS BMFFeb 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
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 2No

Officers, Directors & Key Employees

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
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Statement of Revenue

Part VIII
Contributions & grants$266K · 58%
Program service revenue$180K · 39%
Other revenue$14K · 3%
Contributions & grants58%$266K
Program service revenue39%$180K
Other revenue3%$14K
Total revenueLn 12$460K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.04 Fundraising $0.02
Program services94%$446K
Management & general4%$20K
Fundraising2%$9K
Total functional expensesLn 25$476K

Balance Sheet

Part X · end of year
CashLn 1$34K
Total assetsLn 16$472K
Total liabilitiesLn 26$297K
Total net assetsLn 32$174K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $34K · Operating expenses/yr $476K
0.9 months
Where the money goes
Program services
Program services $446K · Total expenses $476K
94%
Management & General
Management & general $20K · Total expenses $476K
4%
Fundraising
Fundraising $9K · Total expenses $476K
2%
Cost to raise $1
Fundraising expense $9K · Solicited contributions $266K
$0.04 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $266K · Total revenue $460K
58%
Government reliance
Government grants — · Total revenue $460K
Earned-income share
Program service revenue $180K · Total revenue $460K
39%
Investment reliance
Investment income $0 · Total revenue $460K
0%
Program self-sufficiency
Program service revenue $180K · Total expenses $476K
38%
Growth & trend
Revenue growth (YoY)
This year $460K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $174K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $460K · Expenses $476K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $472K
Net-asset ratio
Net assets $174K · Total assets $472K
37%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $472K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual See Attached · Reported title BOARD MEMBERS · Highest reported compensation $0 · Total expenses $476K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $476K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 4%
Fundraising cost ratio 4%

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$40K

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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)$638K revenue · ⤓ 990 PDF
FY2024$665K revenue · ⤓ 990 PDF
FY2023$587K revenue · ⤓ 990 PDF
FY2022$551K revenue · ⤓ 990 PDF
FY2021$463K revenue · ⤓ 990 PDF
FY2020$460K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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