Truecare Charities Inc
- Assets
- $27.9k
- Revenue
- $25.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cerritos, CA
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-0883648
Organization Overview
Truecare Charities Inc is located in Cerritos, CA. The organization was established in 2019. 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. Truecare Charities 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 12/2023, Truecare Charities Inc generated $25.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $7.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE UNITY, HARMONY, PROGRESS, WELFARE, CHARITABLE, EDUCATION, MENTORSHIP AND TO ASSIST THE LESS PRIVILEGED IN OUR COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivy-Joan Madu President | 1 | $0 | |
Chidibiere Madu Vice President | 1 | $0 | |
Tochukwe Madu Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,400 |
| Contributions, gifts, grants paid | $6,219 |
| Total expenses and disbursements | $7,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,855 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,855 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Truecare Charities Inc has awarded $6,219 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
REVEREND SISTER ALI ENE PURPOSE: MEDICAL BILLS | $419 |
OMUKWU FAMILY USACANADA INC PURPOSE: SUPPORT FOR THE POOR | $1,000 |
OBIZI USA INC PURPOSE: SUPPORT FOR THE POOR | $1,000 |
OBODO AHIARA UNION INC PURPOSE: SUPPORT FOR THE INDIGENT | $1,000 |
IKWERE WOMEN PROGRESSIVE UNION PURPOSE: CHARITABLE SUPPORT | $1,000 |
REVEREND FATHER HYACINTH IBEH PURPOSE: COMMUNITY FOOD BANK | $800 |