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Trustees Education Network INC FY2020 filing

Tax-deductible

Columbia, SC501(c)(3)Human ServicesEIN 74-2901771Revenue $126K in FY2020

On file with the IRStrustenet.org1 Windsor Cv Ste 305, 29223-1833 · Columbia, SCTax-exempt since Oct 1999Publicly supported — 509(a)(2)

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To develop, promote, and establish debtor Education programs in every chapter 13 trustee office in the united states.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$126K
Spent
$124K
To programs
68%
Net assets
$219K
By yearFY2020–FY2025
Revenue
$126K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$126K
FY2021$76K
FY2022$92K
FY2023$136K
FY2024$135K
FY2025$143K
Net assets
$219K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$219K
FY2021$188K
FY2022$167K
FY2023$184K
FY2024$185K
FY2025$154K

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1999.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $85K Management & general 32% · $39K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Frank Pees
President
$0Pt VII · Sec A
Tim Truman
Vice President
$0Pt VII · Sec A
Ed Maney
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Karen Varcoe
Director
$0Pt VII · Sec A
See Trustees Education Network INC executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops and promotes debtor education programs for Chapter 13 trustees nationwide.

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Provided by the organization

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1 program · $85K · in their own filed words · FY2019
01

Provided debtor education materials to chapter 13 trustees at a nominal cost, training assistance for instructors, porgram evaluation and statistical gathering services

$85Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$126K
Ln 12
Fees for servicesLn 2g$125K
Investment incomeLn 3$1K
Money outPt IX
$124K
Ln 25
Programscol B$85K
Managementcol C$39K
Owns and owesPt X
$219K
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$219K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$125K
Investment incomeLn 3$1K
Total revenueLn 12$126K
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$182K
Cash and savings togetherLn 1–2$219K
Total assetsLn 16$219K
LiabilitiesLn 26$0
Net assetsLn 32$219K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
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$218K$219K
Total assetsLn 16$218K$219K
LiabilitiesLn 26$0$0
Net assetsLn 32$218K$219K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$35K$35K
Accounting feesLn 11c$845$845
Other expenses (24a–d)Ln 24$87K$85K$2K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$124K$85K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $143K$154K 990 PDF
FY2024 $135K$185K 990 PDF
FY2023 $136K$184K 990 PDF
FY2022 $92K$167K 990 PDF
FY2021 $76K$188K 990 PDF
FY2020 Viewing $126K$124K$1K$219K 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 FY2020 990 (6 parts)
Part I · Summary $125,731 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $158,473$124,716
I-10 Investment incomePrior year $1,044$1,015
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $159,517$125,731
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $155,453$124,374
I-18 Total expensesPrior year $155,453$124,374
I-19 Revenue less expensesPrior year $4,064$1,357
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $125,731 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $124,716$124,716
VIII-3 Investment incomeExcluded from tax $1,015$1,015
VIII-12 Total revenueRelated to mission $124,716 · Unrelated business $0 · Excluded from tax $1,015$125,731
Part IX · Statement of functional expenses $124,374 across 4 lines filed
IX-11a Management feesManagement $34,650$34,650
IX-11c Accounting feesManagement $845$845
IX-24 Other expenses (24a–d)Programs $84,979 · Management $1,649$86,628
IX-24e All other expensesManagement $2,251$2,251
IX-25 Total functional expensesPrograms $84,979 · Management $39,395 · Fundraising $0$124,374
Part X · Balance sheet $219,055 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $37,088$37,471
X-2 Savings and temporary cash investmentsStart of year $180,610$181,584
X-16 Total assetsStart of year $217,698$219,055
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $217,698$219,055
X-33 Total liabilities and net assetsStart of year $217,698$219,055
Part XI · Reconciliation of net assets $219,055 net assets at year end
XI-1 Total revenue$125,731
XI-2 Total expenses$124,374
XI-3 Revenue less expenses$1,357
XI-4 Net assets at start of year$217,698
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$219,055

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

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