Truly Valued INC FY2023 filing

Tax-deductible

Sarasota, FL501(c)(3)Youth DevelopmentEIN 81-2755747Revenue $347K in FY2023

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.
72¢ of each $1 spent went to programs.
$56K 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
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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$56K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 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
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$347K
+137% vs prior year
Spent
$277K
To programs
72%
Net assets
$163K
By yearFY2020–FY2025
Revenue
$347K
FY2023▲ +137%
Tap a bar for its year
Revenue by fiscal year
FY2020$72K
FY2021$119K
FY2022$146K
FY2023$347K
FY2024$281K
FY2025$382K
Expenses
$277K
FY2023▲ +163%
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
$163K
FY2023▲ +74%
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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

72 cents of each dollar spent went to programs.

Program services 72% · $200K Management & general 20% · $56K Fundraising 8% · $22K

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; $56K paid to officers and key staff.

Part VII, Section A · reportable compensation
$56,477Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
Board of Director
$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.

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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 · $200K · in their own filed words · FY2023
01

I Am Academy Mentoring Program is designed to help cultivate the skills that our young people need to develop as successful adults with a strong sense of their own identity. The innovative group-style mentoring program empowers through direct instruction experiential learning as well as trust and team building activities designed to…

$178Kprogram expense
02

The Nurturing Families Program is a family-centered program designed for the prevention and treatment of child abuse and neglect. Both parents with children birth to 18 years participate group-based. Lessons are competency-based ensuring parental learning and mastery of skills.

$19Kprogram expense
03

E3 Formerly Tea Party

These events allow youth and families to meet and talk with successful professionals from the community who share their own backgrounds and information about their careers. This program is offered to a wider range of participants throughout the year allowing us to expand our service as well as to identify new clients to enroll in our…

$3Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$347K
Ln 12
Gifts and grantsLn 1h$334K
Fees for servicesLn 2g$8K
Other incomeLn 4–11$4K
Money outPt IX
$277K
Ln 25
Programscol B$200K
Managementcol C$56K
Fundraisingcol D$22K
Owns and owesPt X
$163K
net assets · Ln 32
Cash and savingsLn 1–2$163K
Total assetsLn 16$163K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$334K
Government grantsLn 1e$0
Noncash giftsLn 1g$15K
Fundraising eventsLn 1c$21K
Fees for servicesLn 2g$8K
Investment incomeLn 3$3
Other incomeLn 4–11$4K
Total revenueLn 12$347K
Assets in detailPt X, end of year
CashLn 1$163K
SavingsLn 2$0
Cash and savings togetherLn 1–2$163K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$163K
LiabilitiesLn 26$0
Net assetsLn 32$163K
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 FY23End FY23
Cash and savingsLn 1–2$94K$163K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$94K$163K
LiabilitiesLn 26$0$0
Net assetsLn 32$94K$163K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$117K$84K$32K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$15K$11K$3K$0
Payroll taxesLn 10$9K$7K$2K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$3K$0$3K$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$4K$2K$1K$535
Office expensesLn 13$74K$59K$5K$10K
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$5K$4K$1K$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$45K$29K$4K$11K
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$7K$4K$3K$0
Total functional expensesLn 25$277K$200K$56K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $382K$396K−$14K$36K 990 PDF
FY2024 $281K$394K−$113K$50K 990 PDF
FY2023 Viewing $347K$277K$69K$163K 990 PDF
FY2022 $146K$94K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $346,582 revenue, 12 lines filed
I-8 Contributions and grants$334,029
I-9 Program service revenue$8,250
I-10 Investment income$3
I-11 Other revenue$4,300
I-12 Total revenue$346,582
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$140,019
I-16a Professional fundraising fees$0
I-17 Other expenses$137,342
I-18 Total expenses$277,361
I-19 Revenue less expenses$69,221
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $346,582 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$21,147
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$312,882
VIII-1g Noncash contributions (included above)$14,950
VIII-1h Total contributions, gifts and grants$334,029
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,250 · Unrelated business $0 · Excluded from tax $0$8,250
VIII-3 Investment incomeRelated to mission $3 · Unrelated business $0 · Excluded from tax $0$3
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 $0 · Excluded from tax $4,300$4,300
VIII-12 Total revenueRelated to mission $8,253 · Unrelated business $0 · Excluded from tax $4,300$346,582
Part IX · Statement of functional expenses $277,361 across 25 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $84,452 · Management $32,073 · Fundraising $0$116,525
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $11,096 · Management $3,486 · Fundraising $0$14,582
IX-10 Payroll taxesPrograms $6,958 · Management $1,954 · Fundraising $0$8,912
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 $3,025 · Fundraising $0$3,025
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 $1,726 · Management $1,305 · Fundraising $535$3,566
IX-13 Office expensesPrograms $59,474 · Management $5,220 · Fundraising $9,757$74,451
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $3,536 · Management $1,225 · Fundraising $0$4,761
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $29,409 · Management $4,090 · Fundraising $11,355$44,854
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 $3,535 · Management $3,150 · Fundraising $0$6,685
IX-25 Total functional expensesPrograms $200,186 · Management $55,528 · Fundraising $21,647$277,361
Part X · Balance sheet $163,005 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $93,784$163,005
X-2 Savings and temporary cash investmentsStart of year $0$0
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 $0$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 $93,784$163,005
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 $93,784$163,005
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $93,784$163,005
X-33 Total liabilities and net assetsStart of year $93,784$163,005
Part XI · Reconciliation of net assets $163,005 net assets at year end
XI-1 Total revenue$346,582
XI-2 Total expenses$277,361
XI-3 Revenue less expenses$69,221
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
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$163,005

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

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