Truly Valued INC FY2021 filing

Tax-deductible

Sarasota, FL501(c)(3)Youth DevelopmentEIN 81-2755747Revenue $119K in FY2021

On file with the IRStrulyvalued.org1750 17th St Ste B, 34234-8666 · Sarasota, FLTax-exempt since Jun 2016Publicly supported — 509(a)(2)

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History and Mission: Truly Valued, Inc. (formerly I Am More, Inc.) was established in 2014 by a small group of volunteers as a community based outreach event called Tea Party 4 Girls serving 30 girls. Chartered as a 501 (c)(3) organization in 2016, Truly Valued expanded its operational reach by serving up to 130 girls and establishing formal mentoring, educational and career exploration programming for adolescent girls in Manatee and Sarasota Counties. In 2018, Truly Valued served more than 1,800 low-income youth through a variety of activities designed to provide knowledge, skills and inspiration that will help them grow to lead happy, successful lives as adults. Mission: Our mission is to promote positive self-esteem, education, confidence and character among teen girls.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$15K 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
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
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $3K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$15K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$119K
+67% vs prior year
Spent
$105K
To programs
61%
Net assets
$81K
By yearFY2020–FY2025
Revenue
$119K
FY2021▲ +67%
Tap a bar for its year
Revenue by fiscal year
FY2020$72K
FY2021$119K
FY2022$146K
FY2023$347K
FY2024$281K
FY2025$382K
Expenses
$105K
FY2021▲ +147%
Tap a bar for its year
Expenses by fiscal year
FY2020$43K
FY2021$105K
FY2022Not on file
FY2023$277K
FY2024$394K
FY2025$396K
Net assets
$81K
FY2021▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$61K
FY2021$81K
FY2022$94K
FY2023$163K
FY2024$50K
FY2025$36K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Jun 2016.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $64K Management & general 36% · $38K Fundraising 3% · $3K

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

6 people listed on the 990; $15K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$14,638Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Shavonne Johnson’s $73K as CEO is at the 65th percentile of top reported officer pay among 1992 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Shavonne Sams—$75,000$56,477$21,931——
Shavonne Johnson$73,134—————
Shavonne Simon————$14,638$4,800

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 Truly Valued 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

Empowers adolescent girls with mentoring, education, and career exploration for successful adult lives.

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Provided by the organization

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3 programs · $64K · in their own filed words · FY2021
01

Focuses on character development to help emerging leaders build their foundation of values and character strengths that last a lifetime.

$30Kprogram expense
02

One-Sack Give Back Project Truly Valued youth participate in projects such as our One-Sack Give Back a program to assemble and distribute backpacks filled with school supplies to low-income students in Manatee and Sarasota counties to assist them through the school year.

$27Kprogram expense
03

The Nurturing Families Program is a family-centered approach for families with children of all ages. The sessions include: assessments evaluations and home practice assignments focusing on the parents strengths.

$7Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$119K
Ln 12
Gifts and grantsLn 1h$128K
Money outPt IX
$105K
Ln 25
Programscol B$64K
Managementcol C$38K
Fundraisingcol D$3K
Owns and owesPt X
$81K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$81K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$128K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$119K
Assets in detailPt X, end of year
CashLn 1$80K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$81K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$81K
LiabilitiesLn 26$0
Net assetsLn 32$81K
OperationsPt I, VI
EmployeesI 51
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$53K$81K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$61K$81K
LiabilitiesLn 26$0$0
Net assetsLn 32$61K$81K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$19K$5K$14K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$656$0$656$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$1K$211$986$0
Office expensesLn 13$41K$33K$8K$0
Information technologyLn 14$3K$0$3K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$3K$3K$0$0
TravelLn 17$28K$17K$11K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$444$375$69$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$3K$2K$736$0
Other expenses (24a–d)Ln 24$7K$4K$25$3K
Total functional expensesLn 25$105K$64K$38K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $382K$396K−$14K$36K 990 PDF
FY2024 $281K$394K−$113K$50K 990 PDF
FY2023 $347K$277K$69K$163K 990 PDF
FY2022 $146K$94K 990 PDF
FY2021 Viewing $119K$105K$14K$81K 990 PDF
FY2020 $72K$43K$29K$61K 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 (6 parts)
Part I · Summary $119,414 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $71,590$127,824
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0−$8,410
I-12 Total revenuePrior year $71,590$119,414
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 $4,800$18,756
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$86,701
I-18 Total expensesPrior year $4,800$105,457
I-19 Revenue less expensesPrior year $66,790$13,957
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $119,414 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$127,824
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$127,824
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $12,579 · Excluded from tax $0−$8,410
VIII-12 Total revenueRelated to mission $0 · Unrelated business $12,579 · Excluded from tax $0$119,414
Part IX · Statement of functional expenses $105,457 across 26 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $4,631 · Management $14,125 · Fundraising $0$18,756
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $656 · Fundraising $0$656
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $211 · Management $986 · Fundraising $0$1,197
IX-13 Office expensesPrograms $33,457 · Management $8,017 · Fundraising $0$41,474
IX-14 Information technologyPrograms $0 · Management $2,663 · Fundraising $0$2,663
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $2,648 · Management $0 · Fundraising $0$2,648
IX-17 TravelPrograms $16,663 · Management $11,172 · Fundraising $0$27,835
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $375 · Management $69 · Fundraising $0$444
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $1,925 · Management $736 · Fundraising $0$2,661
IX-24 Other expenses (24a–d)Programs $4,013 · Management $25 · Fundraising $3,085$7,123
IX-25 Total functional expensesPrograms $63,923 · Management $38,449 · Fundraising $3,085$105,457
Part X · Balance sheet $81,090 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $51,970$80,075
X-2 Savings and temporary cash investmentsStart of year $1,015$1,015
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $7,555$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $60,540$81,090
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $60,540$81,090
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $60,540$81,090
X-33 Total liabilities and net assetsStart of year $60,540$81,090
Part XI · Reconciliation of net assets $81,090 net assets at year end
XI-1 Total revenue$119,414
XI-2 Total expenses$105,457
XI-3 Revenue less expenses$13,957
XI-4 Net assets at start of year$60,540
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$6,593
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$81,090

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

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