Nonprofit · EIN 20-3662807
TRUE SKOOL INC
Tax-exempt · MILWAUKEE, WI 53203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $406,107 | $434,979 | -$28,872 | $96,389 | $28,931 | $67,458 |
| December 31, 2023 | 990 | $342,251 | $487,247 | -$144,996 | $111,288 | $14,958 | $96,330 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $322,571
- of which government grants
- $40,255
- Program service revenue
- $82,076
- Investment income
- $2
- Net income from sales of inventory
- $1,458
- Other revenue
- $1,458
Expenses
- Grants and similar amounts paid
- $5,000
- Compensation of officers, directors and key employees
- $167,455
- Other salaries and wages
- $41,834
- Salaries, compensation and benefits (total)
- $230,337
- Professional fundraising fees
- $0
- Accounting fees
- $20,649
- Occupancy
- $34,835
- Travel
- $16,745
- Program services (functional)
- $333,522
- Management and general (functional)
- $91,400
- Fundraising (functional)
- $10,057
Balance sheet and other
- Total assets, start of year
- $111,288
- Total assets, end of year
- $96,389
- Total liabilities, end of year
- $28,931
- Net assets, end of year
- $67,458
- Net assets without donor restrictions
- $53,036
- Net assets with donor restrictions
- $14,422
- Gross receipts
- $408,935
- Employees
- 9
- Volunteers
- 35
- Year formed
- 2005
- State of legal domicile
- WI
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shalina S Ali | Co-Executive Director Officer | 40 | $82,600 |
| Fidel Verdin | Co-Executive Director Officer | 40 | $82,600 |
| Lilith Fowler | President Trustee or director, Officer | 3 | $0 |
| Tiffany Stankiewicz | Board Secretary Trustee or director, Officer | 3 | $0 |
| Kurt Davis | Treasurer Trustee or director, Officer | 3 | $0 |
| Mo Hussein | Director Trustee or director | 1 | $0 |
| Debra Lampe-Revolinski | Director Trustee or director | 1 | $0 |
| Geisha Melendez | Director Trustee or director | 1 | $0 |
| JoAnna Bautch | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shalina S Ali | Co-Executive Director Officer | 40 | $85,095 |
| Fidel Verdin | Co-Executive Director Officer | 40 | $85,095 |
| Lilith Fowler | President Trustee or director, Officer | 3 | $0 |
| Tiffany Stankiewicz | Board Secretary Trustee or director, Officer | 3 | $0 |
| Kurt Davis | Treasurer Trustee or director, Officer | 3 | $0 |
| Mo Hussein | Director Trustee or director | 1 | $0 |
| Debra Revolinski | Director Trustee or director | 1 | $0 |
| Geisha Melendez | Director Trustee or director | 1 | $0 |
| JoAnna Bautch | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 161 W WISCONSIN AVE SUITE 1000 LL, MILWAUKEE, WI 53203-2602
- Principal officer (990 for 2024)
- Shalina S Ali, 161 W Wisconsin Ave, Ste 1000, Milwaukee, WI 53203
- Signed the 990
- Shalina S Ali, Co-Executive Director
- Phone
- (414) 445-9079
- Website
- www.trueskool.org
- Return prepared by
- RSF Accounting Inc
Mission
TRUE Skool's mission is to engage, educate, and empower youth, families and communities through transformative arts and Hip Hop culture.
Program accomplishments
- TRUE Skool engages, educates and empowers youth through transformative arts and Hip Hop culture cultivating the next generation of leadership who are invested in the growth of our city by having a positive social impact. During 2024, TRUE Skool served over 500 youth through in person and in school residencies empowering the next generation of leadership invested in an improved lived experience for the community by focusing on issues relevant to Milwaukee in areas not limited to but focused on entrepreneurship, health, environment, and placemaking.Expenses $333,522 · grants $5,000 · revenue $82,076
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3662807
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $96,389
- Income (IRS master file)
- $408,935
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $406,107 | $434,979 | $96,389 | XML |
| 990 | December 2023 | $342,251 | $487,247 | $111,288 | XML |
| 990 | December 2022 | $548,543 | $417,786 | $316,502 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 20-3662807).
Questions about TRUE SKOOL INC
- What is the EIN of TRUE SKOOL INC?
- The employer identification number (EIN) of TRUE SKOOL INC is 20-3662807.
- Is TRUE SKOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to TRUE SKOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUE SKOOL 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 TRUE SKOOL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUE SKOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TRUE SKOOL INC?
- The 990 for the year ended December 31, 2024 names Shalina S Ali.
- Who are the officers and directors of TRUE SKOOL INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $82,600 (Shalina S Ali, Co-Executive Director).
- How much revenue does TRUE SKOOL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $406,107, expenses of $434,979 and total assets of $96,389 at year end.
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