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Nonprofiteer
← TRUE STAR FOUNDATION INC

Form 990 for tax year 2024

Filed by TRUE STAR FOUNDATION INC.

Totals

Total revenue
$2,301,321
Total expenses
$1,848,983
Contributions and grants received
$1,409,186
Grants paid
$0
Program service revenue
$781,363
Investment income
$14,256
Other revenue
$96,516
Total assets, end of year
$1,111,482
Total liabilities, end of year
$240,491
Net assets or fund balances, end of year
$870,991
Program services expenses (Part IX)
$1,758,360
Management and general expenses
$87,443
Fundraising expenses
$3,180
Program service expenses (Part III)
$1,758,360

Program services were 95.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $390,948

  • 1f · All other contributions, gifts and grants

    $1,018,238

  • 2a · Program service revenue: Program Income

    total $781,363 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $14,256 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $114,676

  • 8a · Fundraising events: contributions included on line 1c

    $114,676

  • 8b · Fundraising events: direct expenses

    $18,160

  • 8c · Net income from fundraising events

    total $96,516 · unrelated business $0 · excluded $96,516

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $197,468 · program services $197,468 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $229,490 · program services $219,490 · management and general $10,000 · fundraising $0

  • 9 · Other employee benefits

    total $119,228 · program services $119,228 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $31,691 · program services $31,691 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $4,560 · program services $4,560 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $18,000 · program services $18,000 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $856,143 · program services $841,364 · management and general $13,859 · fundraising $920

  • 12 · Advertising and promotion

    total $2,515 · program services $1,435 · management and general $1,080 · fundraising $0

  • 13 · Office expenses

    total $6,873 · program services $360 · management and general $6,513 · fundraising $0

  • 16 · Occupancy

    total $85,485 · program services $80,025 · management and general $5,460 · fundraising $0

  • 17 · Travel

    total $3,338 · program services $1,374 · management and general $1,964 · fundraising $0

  • 20 · Interest

    total $6,411 · program services $5,769 · management and general $642 · fundraising $0

  • 23 · Insurance

    total $12,303 · program services $2,106 · management and general $10,197 · fundraising $0

  • 24a · Other expenses: MEALS

    total $37,078 · program services $25,103 · management and general $11,633 · fundraising $342

  • 24b · Other expenses: CHARITABLE CONT

    total $11,321 · program services $10,639 · management and general $682 · fundraising $0

  • 24c · Other expenses: BUSINESS LICENSE

    total $6 · program services $0 · management and general $6 · fundraising $0

  • 24e · All other expenses

    total $227,073 · program services $199,748 · management and general $25,407 · fundraising $1,918

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $291,882 · end of year $778,214

  • 4 · Accounts receivable

    beginning of year $624,019 · end of year $271,310

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,360 · end of year $11,015

  • 10a · Land, buildings and equipment: cost or other basis

    $160,179

  • 10b · Land, buildings and equipment: accumulated depreciation

    $109,236

  • 10c · Land, buildings and equipment, net

    beginning of year $34,858 · end of year $50,943

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,914 · end of year $90,491

  • 19 · Deferred revenue

    beginning of year $344,000

  • 23 · Secured mortgages and notes payable

    beginning of year $144,231 · end of year $150,000

  • 27 · Net assets without donor restrictions

    beginning of year $461,974 · end of year $870,991

Mission and programs · 2024

Mission

TO PROVIDE CREATIVE A OUTLET IN LITERARY AND PROFESSIONAL DEVELOPMENT YOUTH PROGRAMS. ITS PROGRAMS EXPOSE YOUTH TO REAL WORLD EXPERIENCES PARTICULARLY IN THE FIELDS OF PUBLISHING, MARKETING AND ENTERTAINMENT.

  • Partnered with State Farm to implement the safe driving fair and created a safe driving campaign

    Expenses $75,000 · Grants $75,000 · Revenue $75,000

  • Youth Curated Violence Prevention Festival-Go Fest for 2000 particpants attened

    Expenses $100,000 · Grants $100,000 · Revenue $100,000

  • Implemented various afterschool programs that supported 75 youth with training on Podcast creation, content and media training.

    Expenses $1,583,360 · Grants $1,159,285 · Revenue $1,288,094

As filed on the 2024 return.

Listed in Part VII

  • Deanna McLeary

    CO-EXEC DIRECTOR

    Total calculated
    $106,699
    From this org
    $106,699
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jequana Thompson

    CO-EXEC DIRECTOR

    Total calculated
    $90,769
    From this org
    $90,769
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Bhavesh Shaj

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Kristen Jordan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ashlee Jordan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mia Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gilbert Jimenez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas McLeary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jasmine Nevels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Nichols

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jerry Stoffl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Josh Walls

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513229349300746

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