True Value Foundation
- Assets
- $415.6k
- Revenue
- $727.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 26-1897927
Organization Overview
True Value Foundation is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. True Value Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, True Value Foundation generated $727.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $568.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRUE VALUE FOUNDATION PROVIDES RESOURCES TO IMPROVE THE LIVES OF YOUTH IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY SERVICE AND ASSISTANCE PROGRAM COVERS GRANTS PROVIDED TO THE TRUE VALUE BOYS AND GIRLS CLUB, AS WELL AS AWARDS TO THE CHICAGOLAND BOYS AND GIRLS CLUBS. THESE GRANTS CONTINUE THE HERITAGE OF NURTURING STRONGER FUTURES FOR AT-RISK YOUTH WHO DEPEND ON THESE CLUBS.
PAINTING A BRIGHTER FUTURE IS A PROGRAM THAT RALLIES RETAILERS TO THE CAUSE OF ENHANCING THE EDUCATIONAL ENVIRONMENT IN THEIR COMMUNITIES. ELEMENTARY, JUNIOR HIGH AND HIGH SCHOOLS AS WELL AS BOYS AND GIRLS CLUBS ACROSS THE COUNTRY THAT MEET BASIC QUALIFICATIONS ARE ELIGIBLE TO APPLY FOR AN AWARD TO RECEIVE UP TO 40 GALLONS OF PAINT TO HELP IMPROVE ITS FACILITIES.
WHEN A TRUE VALUE COMPANY RETAILER GIVES BACK TO A YOUTH-DEVELOPMENT FOCUSED NON-PROFIT ORGANIZATION IN YOUR COMMUNITY, TRUE VALUE FOUNDATION MATCHES THE CONTRIBUTION DOLLAR FOR DOLLAR TO QUALIFYING ORGANIZATIONS, UP TO $1,000 ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Vanderpool President | OfficerTrustee | 1 | $0 |
Urmi Trivedi Vice President | OfficerTrustee | 1 | $0 |
Brian Qualizza Treasurer | OfficerTrustee | 1 | $0 |
Brian Webb Director | Trustee | 1 | $0 |
Chris Kempa Director | Trustee | 1 | $0 |
Lee Rector Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $159,590 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,297 |
| Total Program Service Revenue | $0 |
| Investment income | $756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $538,317 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $727,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $325,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,395 |
| Compensation of current officers, directors, key employees. | $17,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,676 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,508 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,857 |
| Advertising and promotion | $0 |
| Office expenses | $11,529 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $567,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,414 |
| Savings and temporary cash investments | $126,819 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $151,139 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,200 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $415,572 |
| Accounts payable and accrued expenses | $3,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,500 |
| Net assets without donor restrictions | $412,072 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $415,572 |
Grants Awarded
Over the last fiscal year, True Value Foundation has awarded $256,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF AMERICA PURPOSE: TO SUPPORT PROGRAMS THAT NURTURE STRONGER FUTURES FOR AT-RISK YOUTH WHO DEPEND ON THE CLUB. | $10,000 |
BOYS AND GIRLS CLUB OF CHICAGO PURPOSE: TO SUPPORT PROGRAMS THAT NURTURE STRONGER FUTURES FOR AT-RISK YOUTH WHO DEPEND ON THE CLUB. | $246,000 |