Overview
What is True Value Foundation?
True Value Foundation is a charitable organization based in Chicago, Illinois. Its primary focus is on supporting at-risk youth by providing grants to the True Value Boys and Girls Club and the Chicagoland Boys and Girls Clubs. The foundation's mission is to enhance the lives of youth in the communities it serves, contributing resources to various initiatives. The True Value Foundation's community service and assistance program aims to nurture stronger futures for these young individuals who rely on these clubs for support.
Official website here: www.truevaluecompany.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The True Value Foundation has received a commendable score of 88%, which reflects its accountability and financial practices. This score is derived entirely from the Accountability & Finance beacon, indicating a strong focus on how the organization manages its resources and adheres to best practices in governance.
Strengths highlighted include a majority independent board, effective oversight of financial statements, and a solid program expense ratio of 83.54%, which suggests that a significant portion of its expenditures is directed towards fulfilling its mission. The foundation also demonstrates good governance practices, with no material diversion of assets reported.
However, some limitations were noted in certain policies and documentation. The foundation lacks a whistleblower policy, a document retention and destruction policy, and has not posted its tax form on its website. Addressing these gaps could enhance the organization's transparency and effectiveness in governance.
This AI summary has been generated from information found on Charity Navigator.
Is True Value Foundation legitimate?
True Value Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. True Value Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $85,879
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.truevaluecompany.com
What is the mission statement of True Value Foundation?
The True Value Foundation's mission is centered around enhancing the lives of youth within the communities it serves. This is accomplished by providing necessary resources. The foundation supports organizations such as the True Value Boys and Girls Club and the Chicagoland Boys and Girls Clubs through grants. These grants contribute to the continuing tradition of fostering brighter futures for at-risk youth who rely on these clubs. The foundation's community service and assistance program is instrumental in this mission.
Official website here: www.truevaluecompany.com
What is the revenue of True Value Foundation?
True Value Foundation's revenue in 2023 was $646,033.
Official website here: www.truevaluecompany.com
Who are the executives of True Value Foundation and what are their salaries?
There 119 volunteers at True Value Foundation.
Here are 8 key members and their salaries:
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Official website here: www.truevaluecompany.com
Where can I find the form 990 for True Value Foundation?
True Value Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.truevaluecompany.com
Learn more at the official website: www.truevaluecompany.com
Mission Statement of True Value Foundation
True Value Foundation, a nonprofit organization, is committed to enhancing the lives of youth in the communities it serves. Their mission is centered around providing resources that foster growth and development in these young individuals. The foundation accomplishes this through various initiatives, including grant provisions to the True Value Boys and Girls Club and awards to the Chicagoland Boys and Girls Clubs. These grants help uphold the tradition of nurturing brighter futures for at-risk youth who rely on these clubs, thus continuing True Value Foundation's legacy of making a positive impact in the lives of its community's youth.
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Impact
October, 2024
True Value Foundation has a significant impact on the lives of youth in the communities it serves, primarily through its support of programs designed to empower at-risk children. By providing grants to the True Value Boys and Girls Club, as well as awards to various Boys and Girls Clubs in the Chicagoland area, the foundation fosters a nurturing environment that encourages the development of essential life skills and academic achievements.
These initiatives are instrumental in enhancing the quality of education and resources available to youth, aiming to create stronger futures and increase opportunities for those who rely on these vital community centers. By focusing on education and support, True Value Foundation plays a crucial role in shaping the lives of young individuals, equipping them with tools for success and fostering resilience in challenging circumstances.
This information is meant to be a general summary of True Value Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,476
- Gross Receipts: $906,971
Assets and Liabilities:
- Total Assets: $415,572
- Total Liabilities: $3,500
- Net Assets: $412,072
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Organization Details
Founding Year
2008
Principal Officer
Matthew Agema
Website
www.truevaluecompany.comNTEE Category
Code: B82 - Education
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