Nonprofit · EIN 02-0786624
TALK IS CHEAP INC
Tax-exempt · BOARDMAN, OH 44512
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $222,720 | $213,168 | $9,552 | $63,323 | $3,436 | $59,887 |
| December 31, 2024 | 990 | $209,780 | $201,899 | $7,881 | $53,771 | $3,436 | $50,335 |
| December 31, 2023 | 990-EZ | $196,731 | $190,403 | $6,328 | $45,655 | $3,201 | $42,454 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $181,000
- Program service revenue
- $42,829
- Investment income
- $0
- Net income from sales of inventory
- -$1,109
- Other revenue
- -$1,109
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $170,938
- Salaries, compensation and benefits (total)
- $173,998
- Professional fundraising fees
- $0
- Accounting fees
- $2,904
- Depreciation
- $994
- Program services (functional)
- $199,859
- Management and general (functional)
- $13,309
Balance sheet and other
- Total assets, start of year
- $53,771
- Total assets, end of year
- $63,323
- Total liabilities, end of year
- $3,436
- Net assets, end of year
- $59,887
- Land, buildings and equipment
- $5,843
- Net assets without donor restrictions
- $59,887
- Gross receipts
- $223,849
- Employees
- 2
- Year formed
- 2006
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID G KOHOUT | EXECUTIVE DI Officer | 40 | $103,634 | $25,504 |
| SUSAN KOHOUT | SECRETARY Officer | 40 | $40,000 | $1,800 |
| CRAIG STEINHOFF | TREASURER Officer | 2 | $0 | $0 |
| LAURA SCOTFORD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GREG SMITH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JACK DURKIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TIM SAXTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID G KOHOUT | EXECUTIVE DI Officer | 40 | $100,553 | $25,620 |
| SUSAN KOHOUT | SECRETARY Officer | 40 | $39,450 | $0 |
| JACK DURKIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TIM SAXTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LAURA SCOTFORD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GREG SMITH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CRAIG STEINHOFF | TREASURER Officer | 2 | $0 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David G Kohout | Executive Director | 40 | $117,300 | $10,541 |
| Susan Kohout | Secretary | 40 | $26,800 | $0 |
| Craig Steinhoff | Treasurer | 2 | $0 | $0 |
| Laura Scotford | Trustee | 2 | $0 | $0 |
| Greg Smith | Trustee | 2 | $0 | $0 |
| Jack Durkin | Trustee | 2 | $0 | $0 |
| Tim Saxton | Trustee | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 760 OAKRIDGE DR, BOARDMAN, OH 44512-3547
- In care of
- % DAVID G KOHOUT
- Principal officer (990 for 2025)
- SUSAN KOHOUT, 760 OAKRIDGE DR, BOARDMAN, OH 44512
- Signed the 990
- SUSAN KOHOUT, SECRETARY
- Phone
- (330) 726-1727
- Website
- WWW.TALKISCHEAPINC.COM
- Return prepared by
- DG PERRY PLLC
Mission
TALK IS CHEAP, INC. IS A NON- PROFTIT ORGANIZATION THAT FOCUSES ON BUILDING CHARACTER, ESTABLISHING CONFIDENCE AND PROVIDING HOPE IN THE LIVES OF YOUNG PEOPLE EVERYWHERE
Program accomplishments
- IN 2025, TALK IS CHEAP, INC. MADE PRESENTATIONS TO HIGH SCHOOL, MIDDLE SCHOOLS, YOUTH CAMPS AND OTHER YOUTH ORGANIZATIONS ENCOURAGING YOUNG PEOPLE TO LIVE UP TO THEIR POTENTIAL. DURING 2025, THE PRESIDENT SPOKE TO OVER 21,000 STUDENTS, PARENTS AND TEACHERS AT MORE THAN 160 SCHOOL ASSEMBLIES, SEMINARS, CHAPELS AND CAMPSExpenses $199,859 · revenue $42,829
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 02-0786624
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O55)
- Assets (IRS master file)
- $63,323
- Income (IRS master file)
- $223,849
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $222,720 | $213,168 | $63,323 | XML |
| 990 | December 2024 | $209,780 | $201,899 | $53,771 | IRS |
| 990-EZ | December 2023 | $196,731 | $190,403 | $45,655 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0786624).
Questions about TALK IS CHEAP INC
- What is the EIN of TALK IS CHEAP INC?
- The employer identification number (EIN) of TALK IS CHEAP INC is 02-0786624.
- Is TALK IS CHEAP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to TALK IS CHEAP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TALK IS CHEAP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TALK IS CHEAP INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TALK IS CHEAP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TALK IS CHEAP INC?
- The 990 for the year ended December 31, 2025 names SUSAN KOHOUT.
- Who are the officers and directors of TALK IS CHEAP INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $103,634 (DAVID G KOHOUT, EXECUTIVE DI).
- How much revenue does TALK IS CHEAP INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $222,720, expenses of $213,168 and total assets of $63,323 at year end.
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