Truly Valued INC FY2024 filing

Tax-deductible

Sarasota, FL501(c)(3)Youth DevelopmentEIN 81-2755747Revenue $281K in FY2024

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.
73¢ of each $1 spent went to programs.
$150K 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

FY2024 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
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
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
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
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$281K
-19% vs prior year
Spent
$394K
To programs
73%
Net assets
$50K
By yearFY2020–FY2025
Revenue
$281K
FY2024▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$72K
FY2021$119K
FY2022$146K
FY2023$347K
FY2024$281K
FY2025$382K
Expenses
$394K
FY2024▲ +42%
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
$50K
FY2024▼ -69%
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 FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

73 cents of each dollar spent went to programs.

Program services 73% · $289K Management & general 4% · $17K Fundraising 12% · $47K

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; $150K paid to officers and key staff.

Part VII, Section A · reportable compensation
$75,000Pt VII · Sec A
$75,000Pt 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
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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4 programs · $566K · in their own filed words · FY2024
01

The I AM Academy is dedicated to equipping students ages 10-18 with the essential skills to thrive as confident and successful adults. Through an innovative group mentoring program held on school campuses and at local community centers students are empowered through direct instruction experiential learning and trust-building activities.

$244Kprogram expense
02

The I AM Academy is dedicated to equipping students ages 10-18 with the essential skills to thrive as confident and successful adults. Through an innovative group mentoring program held on school campuses and at local community centers students are empowered through direct instruction experiential learning and trust-building activities.

$244Kprogram expense
03

The Nurturing Families Program is a family-centered initiative focused on preventing and reducing child abuse and neglect. This program invites parents with children from birth to 18 years old to participate in group-based sessions offering competency-based lessons that ensure parents learn and master essential skills.

$38Kprogram expense
04

The Nurturing Families Program is a family-centered initiative focused on preventing and reducing child abuse and neglect. This program invites parents with children from birth to 18 years old to participate in group-based sessions offering competency-based lessons that ensure parents learn and master essential skills.

$38Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$281K
Ln 12
Gifts and grantsLn 1h$260K
Fees for servicesLn 2g$21K
Investment incomeLn 3$2
Money outPt IX
$394K
Ln 25
Programscol B$289K
Managementcol C$17K
Fundraisingcol D$47K
Owns and owesPt X
$50K
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$50K
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$260K
Fees for servicesLn 2g$21K
Investment incomeLn 3$2
Total revenueLn 12$281K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$50K
Total assetsLn 16$50K
LiabilitiesLn 26$0
Net assetsLn 32$50K
OperationsPt I, VI
EmployeesI 51
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $382K$396K−$14K$36K 990 PDF
FY2024 Viewing $281K$394K−$113K$50K 990 PDF
FY2023 $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 FY2024 990 (1 part)
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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