True Value Foundation
- Assets
- $276.7k
- Revenue
- $671.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2008
- Data as of
- 12/2021
- 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 12/2021, True Value Foundation generated $671.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $685.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 7 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
2021
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. IN ADDITION, BEGINNING IN 2020, THIS PROGRAM COVERS THE COST OF HEALTH AND SAFETY KITS DONATED TO SCHOOLS ACROSS THE COUNTRY AS PART OF THE "EDUCATIONAL HEROES SAFETY CAMPAIGN".
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. SINCE 2009, APPROXIMATELY 25,000 GALLONS OF PAINT HAVE BEEN DONATED THROUGH THIS PROGRAM.
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. FOR 2021, THE FOUNDATION DONATED TO 71 ORGANIZATIONS VIA 54 UNIQUE RETAILERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian A Webb Vice President | OfficerTrustee | 1 | $0 |
Brent A Burger President | OfficerTrustee | 1 | $0 |
Urmi Trivedi Secretary | OfficerTrustee | 1 | $0 |
Lori Feuerhelm Treasurer | OfficerTrustee | 1 | $0 |
Chris Kempa Director | Trustee | 1 | $0 |
John Vanderpool Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $132,071 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,071 |
| Total Program Service Revenue | $0 |
| Investment income | $80 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $538,956 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $671,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $408,144 |
| 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. | $35,038 |
| Compensation of current officers, directors, key employees. | $17,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,536 |
| Fees for services: Accounting | $34,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,674 |
| Advertising and promotion | $0 |
| Office expenses | $4,537 |
| 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 | $9,625 |
| Total functional expenses | $685,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,444 |
| Savings and temporary cash investments | $101,062 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $29,034 |
| 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 | $276,740 |
| Accounts payable and accrued expenses | $24,119 |
| 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 | $24,119 |
| Net assets without donor restrictions | $252,621 |
| 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 | $276,740 |
Grants Awarded
Over the last fiscal year, True Value Foundation has awarded $256,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: TO SUPPORT PROGRAMS THAT NURTURE STRONGER FUTURES FOR AT-RISK YOUTH WHO DEPEND ON THE CLUB. | $246,000 |
Atlanta, GA PURPOSE: TO SUPPORT PROGRAMS THAT NURTURE STRONGER FUTURES FOR AT-RISK YOUTH WHO DEPEND ON THE CLUB. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that True Value Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |