Training and Simulation Technology Consortium INC FY2021 filing

Tax-deductible

Orlando, FL501(c)(3)UnclassifiedEIN 59-3239132

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.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$355K 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
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
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$355K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$198K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+41% vs prior year
Spent
$932K
To programs
78%
Net assets
$342K
By yearFY2020–FY2024
Revenue
$1.0M
FY2021▲ +41%
Revenue by fiscal year
FY2020$710K
FY2021$1.0M
FY2022$1.4M
FY2023$1.5M
FY2024$1.5M
Expenses
$932K
FY2021▲ +29%
Expenses by fiscal year
FY2020$721K
FY2021$932K
FY2022$1.3M
FY2023$1.4M
FY2024$1.5M
Net assets
$342K
FY2021▲ +26%
Net assets by fiscal year
FY2020$272K
FY2021$342K
FY2022$432K
FY2023$500K
FY2024$509K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

78 cents of each dollar spent went to programs.

Program services 78% · $723K Management & general 22% · $209K

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

Who runs it and what they're paid

21 people listed on the 990; $355K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Ofc
$205,000Pt VII · Sec A
Chief Operating Officer
$150,100Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$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.

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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.

Provided by the organization

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3 program services account for $442K of program spending, described in the organization's own filed words · FY2021.
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.

$245Kprogram 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.

$128Kprogram 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…

$69Kprogram expense

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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 FY2021 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$882K
Gifts and grantsLn 1h$89K
Other incomeLn 4–11$30K
Money outPt IX
$932K
Ln 25
Programscol B$723K
Managementcol C$209K
Owns and owesPt X
$342K
net assets · Ln 32
Cash and savingsLn 1–2$247K
Total assetsLn 16$539K
LiabilitiesLn 26$198K
PeoplePt VI, VII
21
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$89K
Fundraising eventsLn 1c$3K
Fees for servicesLn 2g$882K
Investment incomeLn 3$8
Other incomeLn 4–11$30K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$176K
SavingsLn 2$71K
Cash and savings togetherLn 1–2$247K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$539K
LiabilitiesLn 26$198K
Net assetsLn 32$342K
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 FY21End FY21
Cash and savingsLn 1–2$284K$247K
Land, buildings, equipmentLn 10c$6K$5K
Total assetsLn 16$448K$539K
LiabilitiesLn 26$176K$198K
Net assetsLn 32$272K$342K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$325K$244K$81K
Other salaries and wagesLn 7$70K$53K$18K
Pension plan contributionsLn 8$15K$11K$4K
Other employee benefitsLn 9$42K$31K$10K
Payroll taxesLn 10$29K$21K$7K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$71K$15K$57K
Advertising and promotionLn 12$6K$5K$590
Office expensesLn 13$15K$11K$4K
Information technologyLn 14$9K$7K$2K
OccupancyLn 16$6K$5K$2K
TravelLn 17$6K$5K$1K
Conferences, conventions and meetingsLn 19$106K$95K$11K
Depreciation, depletion and amortizationLn 22$665$499$166
InsuranceLn 23$4K$3K$1K
Other expenses (24a–d)Ln 24$222K$215K$6K
All other expensesLn 24e$1K$255$1K
Total functional expensesLn 25$932K$723K$209K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$1.5M$9K$509K 990 PDF
FY2023 $1.5M$1.4M$68K$500K 990 PDF
FY2022 $1.4M$1.3M$90K$432K 990 PDF
FY2021 Viewing $1.0M$932K$70K$342K 990 PDF
FY2020 $710K$721K−$11K$272K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,001,871 across 7 lines filed
VIII-1b Membership dues$85,679
VIII-1c Fundraising events$3,385
VIII-1h Total contributions, gifts and grants$89,064
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $882,442$882,442
VIII-3 Investment incomeExcluded from tax $8$8
VIII-8 Net income from fundraising eventsExcluded from tax $30,357$30,357
VIII-12 Total revenueRelated to mission $882,442 · Unrelated business $0 · Excluded from tax $30,365$1,001,871
Part IX · Statement of functional expenses $931,914 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $244,054 · Management $81,351$325,405
IX-7 Other salaries and wagesPrograms $52,579 · Management $17,526$70,105
IX-8 Pension plan contributionsPrograms $11,431 · Management $3,811$15,242
IX-9 Other employee benefitsPrograms $31,203 · Management $10,401$41,604
IX-10 Payroll taxesPrograms $21,398 · Management $7,133$28,531
IX-11b Legal feesManagement $3,262$3,262
IX-11c Accounting feesPrograms $14,941 · Management $56,504$71,445
IX-12 Advertising and promotionPrograms $5,312 · Management $590$5,902
IX-13 Office expensesPrograms $11,392 · Management $3,801$15,193
IX-14 Information technologyPrograms $6,716 · Management $2,240$8,956
IX-16 OccupancyPrograms $4,793 · Management $1,597$6,390
IX-17 TravelPrograms $4,877 · Management $1,219$6,096
IX-19 Conferences, conventions and meetingsPrograms $94,858 · Management $10,859$105,717
IX-22 Depreciation, depletion and amortizationPrograms $499 · Management $166$665
IX-23 InsurancePrograms $3,301 · Management $1,100$4,401
IX-24 Other expenses (24a–d)Programs $215,364 · Management $6,361$221,725
IX-24e All other expensesPrograms $255 · Management $1,020$1,275
IX-25 Total functional expensesPrograms $722,973 · Management $208,941 · Fundraising $0$931,914
Part X · Balance sheet $539,491 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $213,323$175,589
X-2 Savings and temporary cash investmentsStart of year $71,048$71,287
X-4 Accounts receivableStart of year $138,820$159,262
X-9 Prepaid expenses and deferred chargesStart of year $19,010$128,573
X-10c Land, buildings and equipment, netStart of year $5,719$4,780
X-16 Total assetsStart of year $447,920$539,491
X-17 Accounts payable and accrued expensesStart of year $33,007$51,623
X-19 Deferred revenueStart of year $142,994$145,992
X-26 Total liabilitiesStart of year $176,001$197,615
X-27 Net assets without donor restrictionsStart of year $178,932$236,847
X-28 Net assets with donor restrictionsStart of year $92,987$105,029
X-32 Total net assets or fund balancesStart of year $271,919$341,876
X-33 Total liabilities and net assetsStart of year $447,920$539,491
Part XI · Reconciliation of net assets $341,876 net assets at year end
XI-1 Total revenue$1,001,871
XI-2 Total expenses$931,914
XI-3 Revenue less expenses$69,957
XI-4 Net assets at start of year$271,919
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$341,876

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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