Training and Simulation Technology Consortium INC FY2020 filing

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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, FY2020. 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.
74¢ of each $1 spent went to programs.
$339K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
74%
of spending
74% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$339K
to officers and key staff · 47% of spending
Pay to officers and key staff is 47% of spending.
Part VII, Section A
4.7 mo
of spending, in cash
4.7 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
$176K
39% of total assets
Liabilities are 39% of assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
19 of 19 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$710K
Spent
$721K
To programs
74%
Net assets
$272K
By yearFY2020–FY2024
Revenue
$710K
FY2020
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
$721K
FY2020
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
$272K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$272K
FY2021$342K
FY2022$432K
FY2023$500K
FY2024$509K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 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 Dec 1994.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $533K Management & general 26% · $187K

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

21 people listed on the 990; $339K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Chief Executive Ofc
$185,962Pt VII · Sec A
Chief Operating Officer
$152,693Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 · $326K · in their own filed words · FY2020
01

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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3239132) · Dispute this line
$181Kprogram 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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3239132) · Dispute this line
$94Kprogram expense
03

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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3239132) · Dispute this line
$51Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$710K
Ln 12
Fees for servicesLn 2g$583K
Gifts and grantsLn 1h$88K
Other incomeLn 4–11$39K
Money outPt IX
$721K
Ln 25
Programscol B$533K
Managementcol C$187K
Owns and owesPt X
$272K
net assets · Ln 32
Cash and savingsLn 1–2$284K
Total assetsLn 16$448K
LiabilitiesLn 26$176K
PeoplePt VI, VII
21
listed · VII A
PaidVII A2
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Fundraising eventsLn 1c$9K
Fees for servicesLn 2g$583K
Investment incomeLn 3$89
Other incomeLn 4–11$39K
Total revenueLn 12$710K
Assets in detailPt X, end of year
CashLn 1$213K
SavingsLn 2$71K
Cash and savings togetherLn 1–2$284K
Accounts receivableLn 4$139K
Prepaid expenses and deferred chargesLn 9$19K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$448K
LiabilitiesLn 26$176K
Net assetsLn 32$272K
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 FY20End FY20
Cash and savingsLn 1–2$241K$284K
Land, buildings, equipmentLn 10c$6K$6K
Total assetsLn 16$384K$448K
LiabilitiesLn 26$101K$176K
Net assetsLn 32$283K$272K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$186K$139K$46K
Other salaries and wagesLn 7$190K$143K$48K
Pension plan contributionsLn 8$14K$11K$4K
Other employee benefitsLn 9$43K$32K$11K
Payroll taxesLn 10$26K$19K$6K
Accounting feesLn 11c$60K$12K$48K
Advertising and promotionLn 12$6K$5K$592
Office expensesLn 13$645$484$161
Information technologyLn 14$7K$5K$2K
OccupancyLn 16$6K$4K$1K
TravelLn 17$2K$1K$369
Conferences, conventions and meetingsLn 19$99K$89K$10K
Depreciation, depletion and amortizationLn 22$1K$968$322
InsuranceLn 23$2K$2K$544
Other expenses (24a–d)Ln 24$68K$61K$8K
All other expensesLn 24e$9K$8K$2K
Total functional expensesLn 25$721K$533K$187K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2020 ViewingFiled 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 FY2020 990
Part I · Summary $709,630 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $87,339$87,646
I-9 Program service revenuePrior year $568,488$583,119
I-10 Investment incomePrior year $413$89
I-11 Other revenuePrior year $29,977$38,776
I-12 Total revenuePrior year $686,217$709,630
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 $360,950$459,689
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $357,046$260,989
I-18 Total expensesPrior year $717,996$720,678
I-19 Revenue less expensesPrior year −$31,779−$11,048
Part VI · Governance 19 of 19 board members independent, 3 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $709,630 across 7 lines filed
VIII-1b Membership dues$78,346
VIII-1c Fundraising events$9,300
VIII-1h Total contributions, gifts and grants$87,646
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $583,119$583,119
VIII-3 Investment incomeExcluded from tax $89$89
VIII-8 Net income from fundraising eventsExcluded from tax $38,776$38,776
VIII-12 Total revenueRelated to mission $583,119 · Unrelated business $0 · Excluded from tax $38,865$709,630
Part IX · Statement of functional expenses $720,678 across 16 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $139,471 · Management $46,491$185,962
IX-7 Other salaries and wagesPrograms $142,749 · Management $47,584$190,333
IX-8 Pension plan contributionsPrograms $10,870 · Management $3,623$14,493
IX-9 Other employee benefitsPrograms $32,449 · Management $10,817$43,266
IX-10 Payroll taxesPrograms $19,226 · Management $6,409$25,635
IX-11c Accounting feesPrograms $11,946 · Management $47,784$59,730
IX-12 Advertising and promotionPrograms $5,333 · Management $592$5,925
IX-13 Office expensesPrograms $484 · Management $161$645
IX-14 Information technologyPrograms $5,265 · Management $1,755$7,020
IX-16 OccupancyPrograms $4,330 · Management $1,443$5,773
IX-17 TravelPrograms $1,477 · Management $369$1,846
IX-19 Conferences, conventions and meetingsPrograms $88,949 · Management $9,883$98,832
IX-22 Depreciation, depletion and amortizationPrograms $968 · Management $322$1,290
IX-23 InsurancePrograms $1,634 · Management $544$2,178
IX-24 Other expenses (24a–d)Programs $60,535 · Management $7,904$68,439
IX-24e All other expensesPrograms $7,667 · Management $1,644$9,311
IX-25 Total functional expensesPrograms $533,353 · Management $187,325 · Fundraising $0$720,678
Part X · Balance sheet $447,920 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $147,326$213,323
X-2 Savings and temporary cash investmentsStart of year $93,976$71,048
X-4 Accounts receivableStart of year $131,568$138,820
X-9 Prepaid expenses and deferred chargesStart of year $5,407$19,010
X-10c Land, buildings and equipment, netStart of year $5,526$5,719
X-16 Total assetsStart of year $383,803$447,920
X-17 Accounts payable and accrued expensesStart of year $54,001$33,007
X-19 Deferred revenueStart of year $46,835$142,994
X-26 Total liabilitiesStart of year $100,836$176,001
X-27 Net assets without donor restrictionsStart of year $188,991$178,932
X-28 Net assets with donor restrictionsStart of year $93,976$92,987
X-32 Total net assets or fund balancesStart of year $282,967$271,919
X-33 Total liabilities and net assetsStart of year $383,803$447,920
Part XI · Reconciliation of net assets $271,919 net assets at year end
XI-1 Total revenue$709,630
XI-2 Total expenses$720,678
XI-3 Revenue less expenses−$11,048
XI-4 Net assets at start of year$282,967
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$271,919

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

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