Training and Simulation Technology Consortium INC

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To lessen the burdens of govenment by assisting the u.s. Government in fulfilling its goals of prompt and vigorous implementation of defense conversion, reinvestment and transition assistance as contemplated in the defense conversion, reinvestment and transition assistance act of 1992.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3239132) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Run by 50 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $45K a year · 4% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
57%
of spending
57% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$403K
to officers and key staff · 28% of spending
Pay to officers and key staff is 28% of spending.
Part VII, Section A
3.4 mo
of spending, in cash
3.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$130K
20% of total assets
Liabilities are 20% of assets.
Pt X · Ln 26
Independent board members
16
of 16 voting members
16 of 16 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.5M
-2% vs prior year
Spent
$1.5M
To programs
57%
Net assets
$509K
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$710K
FY2021$1.0M
FY2022$1.4M
FY2023$1.5M
FY2024$1.5M
Expenses
$1.5M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$721K
FY2021$932K
FY2022$1.3M
FY2023$1.4M
FY2024$1.5M
Net assets
$509K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$272K
FY2021$342K
FY2022$432K
FY2023$500K
FY2024$509K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1994.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $823K Management & general 43% · $628K

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

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Who runs it and what they're paid

18 people listed on the 990; $403K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Chief Executive Ofc
$220,000Pt VII · Sec A
Chief Operating Officer
$182,800Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
George Cheros$220,000$199,975$199,250$205,000$185,962
Dr Neal Finkelstein$182,800$151,525$163,600$150,100$152,693

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 Training and Simulation Technology Consortium 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps the U.S. government implement defense conversion and transition programs.

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3 programs · $774K · in their own filed words · FY2024
01

Education- support education at all levels in simulation technology through educational programs, teacher and student support initiatives, and scholarship assistance. Support education about simulation technology to inform the general public and serve as an information link and resource for simulation professionals in government…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3239132) · Dispute this line
$379Kprogram expense
02

Technology transfer- promote dual use technologies; the spin- off of military technologies and capabilities in modeling, simulation and training into other useful applications and the spin-on of commercial digital media, entertainment, and related technology applications into the military.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3239132) · Dispute this line
$214Kprogram expense
03

Technology business support- simulation community development and support through technology applications and information that expand the use of simulation from military to education and industry. Support modeling, simulation and training industry workforce education and development.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3239132) · Dispute this line
$181Kprogram 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 1 funder$8K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$95K
Other incomeLn 4–11$27K
Money outPt IX
$1.5M
Ln 25
Programscol B$823K
Managementcol C$628K
Owns and owesPt X
$509K
net assets · Ln 32
Cash and savingsLn 1–2$414K
Total assetsLn 16$639K
LiabilitiesLn 26$130K
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$1K
Other incomeLn 4–11$27K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$321K
SavingsLn 2$94K
Cash and savings togetherLn 1–2$414K
Accounts receivableLn 4$206K
Prepaid expenses and deferred chargesLn 9$15K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$639K
LiabilitiesLn 26$130K
Net assetsLn 32$509K
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$352K$414K
Land, buildings, equipmentLn 10c$5K$4K
Total assetsLn 16$611K$639K
LiabilitiesLn 26$111K$130K
Net assetsLn 32$500K$509K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$403K$177K$226K
Other salaries and wagesLn 7$473K$209K$264K
Other fees for servicesLn 11g$58K$12K$46K
OccupancyLn 16$27K$27K
TravelLn 17$17K$14K$3K
Conferences, conventions and meetingsLn 19$16K$16K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$388K$383K$5K
All other expensesLn 24e$64K$12K$52K
Total functional expensesLn 25$1.5M$823K$628K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 15, 2025 $1.5M$1.5M$9K$509K 990 PDF
FY2023Filed with the IRS Sep 12, 2024 $1.5M$1.4M$68K$500K 990 PDF
FY2022Filed with the IRS Sep 14, 2023 $1.4M$1.3M$90K$432K 990 PDF
FY2021Filed with the IRS Feb 13, 2023 $1.0M$932K$70K$342K 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $710K$721K−$11K$272K 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $1,459,934 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $104,487$94,834
I-9 Program service revenuePrior year $1,353,409$1,337,058
I-10 Investment incomePrior year $1,096$1,386
I-11 Other revenuePrior year $25,254$26,656
I-12 Total revenuePrior year $1,484,246$1,459,934
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 $802,664$875,443
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $613,943$575,541
I-18 Total expensesPrior year $1,416,607$1,450,984
I-19 Revenue less expensesPrior year $67,639$8,950
Part VI · Governance 16 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,459,934 across 6 lines filed
VIII-1b Membership dues$94,834
VIII-1h Total contributions, gifts and grants$94,834
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,337,058$1,337,058
VIII-3 Investment incomeExcluded from tax $1,386$1,386
VIII-8 Net income from fundraising eventsExcluded from tax $26,656$26,656
VIII-12 Total revenueRelated to mission $1,337,058 · Unrelated business $0 · Excluded from tax $28,042$1,459,934
Part IX · Statement of functional expenses $1,450,984 across 10 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $177,232 · Management $225,568$402,800
IX-7 Other salaries and wagesPrograms $208,577 · Management $264,066$472,643
IX-11g Other fees for servicesPrograms $11,620 · Management $46,480$58,100
IX-16 OccupancyManagement $27,008$27,008
IX-17 TravelPrograms $13,914 · Management $3,479$17,393
IX-19 Conferences, conventions and meetingsPrograms $16,308$16,308
IX-22 Depreciation, depletion and amortizationManagement $1,082$1,082
IX-23 InsuranceManagement $3,241$3,241
IX-24 Other expenses (24a–d)Programs $383,449 · Management $4,995$388,444
IX-24e All other expensesPrograms $11,977 · Management $51,988$63,965
IX-25 Total functional expensesPrograms $823,077 · Management $627,907 · Fundraising $0$1,450,984
Part X · Balance sheet $638,615 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $222,250$320,738
X-2 Savings and temporary cash investmentsStart of year $130,199$93,724
X-4 Accounts receivableStart of year $234,022$205,570
X-9 Prepaid expenses and deferred chargesStart of year $19,126$14,606
X-10c Land, buildings and equipment, netStart of year $5,059$3,977
X-16 Total assetsStart of year $610,656$638,615
X-17 Accounts payable and accrued expensesStart of year $28,874$99,066
X-19 Deferred revenueStart of year $82,141$30,958
X-26 Total liabilitiesStart of year $111,015$130,024
X-27 Net assets without donor restrictionsStart of year $402,942$419,255
X-28 Net assets with donor restrictionsStart of year $96,699$89,336
X-32 Total net assets or fund balancesStart of year $499,641$508,591
X-33 Total liabilities and net assetsStart of year $610,656$638,615
Part XI · Reconciliation of net assets $508,591 net assets at year end
XI-1 Total revenue$1,459,934
XI-2 Total expenses$1,450,984
XI-3 Revenue less expenses$8,950
XI-4 Net assets at start of year$499,641
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$508,591

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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