Truefiduciary Institute
- Assets
- $317.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reston, VA
- Founding
- 11/2019
- Data as of
- 12/2019
- EIN
- 83-2227169
Organization Overview
Truefiduciary Institute is located in Reston, VA. The organization was established in 2019. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truefiduciary Institute 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 12/2019, Truefiduciary Institute generated $5.0k in total revenue. All expenses for the organization totaled $92.8k during the year ending 12/2019.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION WAS STARTED IN OCTOBER 2018. THE EXPECTED FUTURE PROGRAM SERVICE ACCOMPLISHMENTS OF THE ORGANIZATION INCLUDE: - TO PROVIDE FREE ACCESS TO STUDENTS OF NON-PROFIT EDUCATIONAL INSTITUTIONS TO A LEARNING PLATFORM FOR THOSE INTEREST IN THE FINANCIAL SERVICES INDUSTRY.- TO PROVIDE FREE INVESTMENT ADVISORY SERVICES TO LOW-INCOME AND OTHER INDIVIDUALS WHO CONSTITUTE A CHARITABLE CLASS UNDER CODE SECTION 501(C)(3) EXCLUSIVELY THROUGH AN INTERACTIVE WEBSITE.- TO EDUCATE REGISTERED INVESTMENT ADVISORS (RIA'S) ABOUT TRUEFIDUCIARY STANDARDS, WHICH ESSENTIALLY ARE AIMED AT ELIMINATING CONFLICTS ARISING FROM THE RECEIPT OF THIRD PARTY PAYMENTS/BENEFITS.- TO SEEK RIA'S TO BE MEMBERS FOR AN ANNUAL MEMBERSHIP FEE, PROVIDED THE RIA'S AGREE TO FOLLOW THE TRUEFIDUCIARY STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael O'keeffe Director | 40 | $25,654 | |
Nathana O'brien Sharma Director | 0 | $0 | |
Jamie Mcintyre Director | 0 | $0 | |
Paul A Pagnato Jr Chairman, President, Treas | 2 | $0 | |
Dr David Bray Director | 0 | $0 | |
Wayne M Zell Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,001 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,879 |
| Professional fees and other payments to independent contractors | $2,348 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $68 |
| Other expenses | $4,040 |
| Total expenses | $92,835 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $317 |
| Other assets | $0 |
| Total assets | $317 |
| Total liabilities | $40,160 |
| Net assets or fund balances | -$39,843 |
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