Trusuccess Inc
- Assets
- $151.1k
- Revenue
- $418.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Grand Rapids, MI
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 56-2625392
Organization Overview
Trusuccess Inc, operating under the name Truesuccess Inc, is located in Grand Rapids, MI. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Truesuccess Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truesuccess Inc 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 12/2021, Truesuccess Inc generated $418.7k 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 (4.2%) each year. All expenses for the organization totaled $372.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRUESUCCESS IS HELPING REVERSE THE CULTURE'S CHARACTER CRISIS BY INSPIRING KIDS WITH CHARACTER THAT UNLEASHES THEIR POTENTIAL IN SCHOOL, WORK AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUESUCCESS UNIQUELY PROVIDES RESEARCH-BASED EDUCATIONAL TOOLS, TRAINING AND SUPPORT TO SIMULATANEOUSLY EQUIP KIDS WITH BEHAVIOR AND LITERACY SKILLS THAT ARE ESSENTIAL TO UNLEASH POTENTIAL IN SCHOOL, WORK AND LIFE. TRUESUCCESS ACHIEVES ITS MISSION BY DEVELOPING AND DISTRIBUTING CURRICULM IN BOTH PRINTED FORM AND ONLINE THROUGH ITS WEBSITE FOR GRADES K-12. CURRICULUM IS ORGANIZED AROUND VIRTUES/POSITIVE BEHAVIOR THEMES AND HIGHLIGHT ENGAGING, INSPIRING AND IMPACTFUL LIFESTORIES OF POSITIVE ROLE MODELS WHO EXEMPLIFY A VIRTUE/POSITIVE BEHAVIOR SKILL. CURRICULUM IS DEVELOPED FRESH WITH NEW LIFESTORIES EACH SCHOOL YEAR. WEBSITE RESOURCES ARE ALSO UPDATED EACH YEAR AND PROVIDE OVER 3,000 TOOLS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R Heneveld Sr Founder/trea | OfficerTrustee | 25 | $88,797 |
James Mitchell Board Chair | OfficerTrustee | 1 | $0 |
Austin Riebel Directr End | OfficerTrustee | 45 | $91,155 |
Arthur Garner Jr President | OfficerTrustee | 45 | $77,057 |
Cynthia Peck Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $108,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,964 |
| Total Program Service Revenue | $246,694 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $418,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $213,786 |
| Compensation of current officers, directors, key employees. | $15,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,558 |
| Advertising and promotion | $0 |
| Office expenses | $10,288 |
| Information technology | $11,305 |
| Royalties | $0 |
| Occupancy | $3,864 |
| Travel | $1,548 |
| 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 | $745 |
| All other expenses | $0 |
| Total functional expenses | $372,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $151,051 |
| Accounts payable and accrued expenses | $0 |
| 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 | $881,204 |
| Total liabilities | $881,204 |
| Net assets without donor restrictions | -$730,153 |
| 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 | $151,051 |