Trueschool
- Assets
- $36.9k
- Revenue
- $292.1k
- Investments
- $0.0
- Employees
- 2
- Location
- New Orleans, LA
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-2454077
Organization Overview
Trueschool is located in New Orleans, LA. The organization was established in 2019. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Trueschool employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trueschool 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, Trueschool generated $292.1k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $257.5k 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
EDUCATION SERVICES FOR K-12 SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK WITH THE CHARLOTTE-MECKLENBURG SCHOOL DISTRICT IN NORTH CAROLINA IMPLEMENT A RESTORATION JUSTICE PROGRAM, SUPPORTING RACIAL EQUITY IN THE DISTRICT. 15 SCHOOLS SERVED AND APPROX 450 TEACHER/ADMIN AND 50,000+ STUDENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Vreeland Executive Director | Officer | 40 | $97,060 |
Sylvie Tran Director, President | OfficerTrustee | 1 | $0 |
Andrea Thomas-Reynolds Director | Trustee | 1 | $0 |
Omar Mendez Director | Trustee | 1 | $0 |
Blake Wiggs Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,105 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,105 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| 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 | $292,112 |
| 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. | $101,280 |
| Compensation of current officers, directors, key employees. | $10,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,400 |
| Pension plan accruals and contributions | $5,360 |
| Other employee benefits | $0 |
| Payroll taxes | $13,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,138 |
| Advertising and promotion | $0 |
| Office expenses | $34 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $899 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $485 |
| All other expenses | $6,914 |
| Total functional expenses | $257,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,653 |
| 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 | $270 |
| Total assets | $36,923 |
| Accounts payable and accrued expenses | $15,454 |
| 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 | $33,974 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $49,428 |
| Net assets without donor restrictions | -$12,505 |
| 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 | $36,923 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trueschool has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Belk Foundation Charlotte, NC PURPOSE: PROGRAM SUPPORT TO DEVELOP PRINCIPAL PROFESSIONAL LEARNING COMMUNITIES (PLCS) FOR UP TO 40 CHARLOTTE-AREA PRINCIPALS FOCUSED ON DISTRIBUTED LEADERSHIP, STUDENT-CENTERED LEARNING, AND TEACHER AGENCY | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Little Scholars Of Arkansas Foundation Little Rock, AR | $55,916,312 | $35,033,452 |
University Co-Operative Society Austin, TX | $15,693,237 | $9,178,990 |
Louisiana Achievement Charter Academies Inc Baton Rouge, LA | $3,478,598 | $15,099,695 |
New Schools For New Orleans Inc New Orleans, LA | $13,416,454 | $13,527,972 |
Texas Childrens Womens Specialists Houston, TX | $84,810,627 | $8,522,353 |
Child Care Plus Training & Development Center Inc Montgomery, TX | $1,071,793 | $6,895,362 |
University Of Mississippi Educational Building Corporation University, MS | $221,725,565 | $5,871,749 |
Unizin Ltd Austin, TX | $2,802,799 | $4,764,216 |
Sss Education Foundation Mesquite, TX | $79,366,180 | $3,445,001 |
Carruth Center Inc Houston, TX | $315,119 | $4,215,286 |
E-Stem Public Charter Schools Inc Little Rock, AR | $15,935,823 | $3,314,304 |
Mississippi State University Research And Technology Corp Mississippi State, MS | $38,851,102 | $3,819,155 |