Training and Simulation Technology Consortium INC FY2023 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, FY2023. 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.
60¢ of each $1 spent went to programs.
$352K 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

FY2023 · 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
60%
of spending
60% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$352K
to officers and key staff · 25% of spending
Pay to officers and key staff is 25% of spending.
Part VII, Section A
3.0 mo
of spending, in cash
3.0 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
$111K
18% of total assets
Liabilities are 18% 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
+8% vs prior year
Spent
$1.4M
To programs
60%
Net assets
$500K
By yearFY2020–FY2024
Revenue
$1.5M
FY2023▲ +8%
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
$1.4M
FY2023▲ +11%
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
$500K
FY2023▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$272K
FY2021$342K
FY2022$432K
FY2023$500K
FY2024$509K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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

60 cents of each dollar spent went to programs.

Program services 60% · $851K Management & general 40% · $566K

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; $352K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Chief Executive Ofc
$199,975Pt VII · Sec A
Chief Operating Officer
$151,525Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$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 · $800K · in their own filed words · FY2023
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, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3239132) · Dispute this line
$395Kprogram 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, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3239132) · Dispute this line
$221Kprogram 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, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3239132) · Dispute this line
$184Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$104K
Other incomeLn 4–11$25K
Money outPt IX
$1.4M
Ln 25
Programscol B$851K
Managementcol C$566K
Owns and owesPt X
$500K
net assets · Ln 32
Cash and savingsLn 1–2$352K
Total assetsLn 16$611K
LiabilitiesLn 26$111K
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$104K
Fundraising eventsLn 1c$3K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$1K
Other incomeLn 4–11$25K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$222K
SavingsLn 2$130K
Cash and savings togetherLn 1–2$352K
Accounts receivableLn 4$234K
Prepaid expenses and deferred chargesLn 9$19K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$611K
LiabilitiesLn 26$111K
Net assetsLn 32$500K
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 FY23End FY23
Cash and savingsLn 1–2$347K$352K
Land, buildings, equipmentLn 10c$6K$5K
Total assetsLn 16$607K$611K
LiabilitiesLn 26$175K$111K
Net assetsLn 32$432K$500K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$352K$166K$186K
Other salaries and wagesLn 7$316K$149K$167K
Pension plan contributionsLn 8$24K$10K$13K
Other employee benefitsLn 9$66K$66K
Payroll taxesLn 10$46K$24K$22K
Accounting feesLn 11c$48K$10K$38K
Advertising and promotionLn 12$21K$21K
Office expensesLn 13$21K$20K$1K
Information technologyLn 14$15K$15K
OccupancyLn 16$8K$8K
TravelLn 17$22K$13K$9K
Conferences, conventions and meetingsLn 19$261K$261K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$208K$198K$10K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$1.4M$851K$566K$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
FY2023 ViewingFiled 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 FY2023 990
Part I · Summary $1,484,246 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $96,395$104,487
I-9 Program service revenuePrior year $1,257,462$1,353,409
I-10 Investment incomePrior year $9$1,096
I-11 Other revenuePrior year $17,877$25,254
I-12 Total revenuePrior year $1,371,743$1,484,246
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 $575,693$802,664
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $705,925$613,943
I-18 Total expensesPrior year $1,281,618$1,416,607
I-19 Revenue less expensesPrior year $90,125$67,639
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 $1,484,246 across 7 lines filed
VIII-1b Membership dues$101,487
VIII-1c Fundraising events$3,000
VIII-1h Total contributions, gifts and grants$104,487
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,353,409$1,353,409
VIII-3 Investment incomeRelated to mission $1,096$1,096
VIII-8 Net income from fundraising eventsExcluded from tax $25,254$25,254
VIII-12 Total revenueRelated to mission $1,354,505 · Unrelated business $0 · Excluded from tax $25,254$1,484,246
Part IX · Statement of functional expenses $1,416,607 across 16 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $165,607 · Management $185,893$351,500
IX-7 Other salaries and wagesPrograms $148,761 · Management $166,982$315,743
IX-8 Pension plan contributionsPrograms $10,366 · Management $13,155$23,521
IX-9 Other employee benefitsManagement $65,743$65,743
IX-10 Payroll taxesPrograms $23,942 · Management $22,215$46,157
IX-11c Accounting feesPrograms $9,510 · Management $38,040$47,550
IX-12 Advertising and promotionManagement $21,044$21,044
IX-13 Office expensesPrograms $20,019 · Management $1,437$21,456
IX-14 Information technologyManagement $14,574$14,574
IX-16 OccupancyManagement $8,138$8,138
IX-17 TravelPrograms $13,239 · Management $8,511$21,750
IX-19 Conferences, conventions and meetingsPrograms $261,408$261,408
IX-22 Depreciation, depletion and amortizationManagement $1,296$1,296
IX-23 InsuranceManagement $2,715$2,715
IX-24 Other expenses (24a–d)Programs $197,902 · Management $9,656$207,558
IX-24e All other expensesManagement $6,454$6,454
IX-25 Total functional expensesPrograms $850,754 · Management $565,853 · Fundraising $0$1,416,607
Part X · Balance sheet $610,656 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $241,627$222,250
X-2 Savings and temporary cash investmentsStart of year $104,945$130,199
X-4 Accounts receivableStart of year $228,576$234,022
X-9 Prepaid expenses and deferred chargesStart of year $25,300$19,126
X-10c Land, buildings and equipment, netStart of year $6,355$5,059
X-16 Total assetsStart of year $606,803$610,656
X-17 Accounts payable and accrued expensesStart of year $78,796$28,874
X-19 Deferred revenueStart of year $96,005$82,141
X-26 Total liabilitiesStart of year $174,801$111,015
X-27 Net assets without donor restrictionsStart of year $327,057$402,942
X-28 Net assets with donor restrictionsStart of year $104,945$96,699
X-32 Total net assets or fund balancesStart of year $432,002$499,641
X-33 Total liabilities and net assetsStart of year $606,803$610,656
Part XI · Reconciliation of net assets $499,641 net assets at year end
XI-1 Total revenue$1,484,246
XI-2 Total expenses$1,416,607
XI-3 Revenue less expenses$67,639
XI-4 Net assets at start of year$432,002
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$499,641

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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