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Nonprofit · EIN 84-1953499

TUSO

Tax-exempt · WILMINGTON, DE 19807

Financials

$6.5M$658K2023$4.4M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of TUSO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,371,223$2,421,681$1,949,542$16,460,771$0$16,460,771
December 31, 2023990$6,486,467$658,065$5,828,402$14,029,835$0$14,029,835
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,710,000
Program service revenue
$0
Investment income
$98,070
Net rental income
$31,852
Other revenue
$563,153

Expenses

Grants and similar amounts paid
$2,031,852
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$2,031,852
Management and general (functional)
$389,829

Balance sheet and other

Total assets, start of year
$14,029,835
Total assets, end of year
$16,460,771
Total liabilities, end of year
$0
Net assets, end of year
$16,460,771
Land, buildings and equipment
$315,000
Net assets without donor restrictions
$16,460,771
Gross unrelated business income
$531,301
Gross receipts
$4,371,223
Employees
0
Volunteers
0
Year formed
2019
State of legal domicile
DE

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Stephen OlsonSECRETARY & TREASURER
Officer
1$0$172,747$41,506
Mike FalderPRESIDENT
Officer
1$0$167,736$38,724
DAVID MELILLIVICE PRESIDENT & EXECUTIVE
Officer
1$0$79,982$0
TUCC INCTRUSTEE
Institutional trustee
1$0$0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
STEPHEN P OLSONSECRETARY & TREASURER
Officer
0.3$0$164,078$36,913
MIKE FALDERPRESIDENT
Officer
0.3$0$157,723$34,727
TUCC INCTRUSTEE
Institutional trustee
0.3$0$0$0
DAVID MELILLIVICE PRESIDENT & EXECUTIVE
Officer
0.3$0$0$0

Address and contacts

Address (IRS master file)
15 CENTER MEETING RD, WILMINGTON, DE 19807-1301
Principal officer (990 for 2024)
D MICHAEL LINDSAY, 236 WEST READE AVENUE, UPLAND, IN 46989
Signed the 990
D MICHAEL LINDSAY, CEO
Phone
(765) 998-5119
Return prepared by
CROWE LLP

Mission

THE PURPOSE OF TUSO IS TO SUPPORT TAYLOR UNIVERSITY IN FUNDRAISING ACTIVITIES, AND TO FUNCTION AS A RECEPTACLE FOR ANY NON-CASH GIFTS THAT DONORS MAY MAKE IN THE FUTURE.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PURPOSE OF TUSO IS TO SUPPORT TAYLOR UNIVERSITY IN FUNDRAISING ACTIVITIES, AND TO FUNCTION AS A RECEPTACLE FOR ANY NON-CASH GIFTS THAT DONORS MAY MAKE IN THE FUTURE.
    Expenses $2,031,852 · grants $2,031,852

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
84-1953499
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$16,460,771
Income (IRS master file)
$4,371,223

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,371,223$2,421,681$16,460,771XML
990-TDecember 2024–––IRS
990December 2023$6,486,467$658,065$14,029,835XML
990-TDecember 2023–––IRS
990December 2022$5,791,544$476,108$7,883,788IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––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 84-1953499).

Questions about TUSO

What is the EIN of TUSO?
The employer identification number (EIN) of TUSO is 84-1953499.
Is TUSO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to TUSO tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does TUSO 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 TUSO 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 TUSO 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 TUSO?
The 990 for the year ended December 31, 2024 names D MICHAEL LINDSAY.
Who are the officers and directors of TUSO?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does TUSO have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,371,223, expenses of $2,421,681 and total assets of $16,460,771 at year end.

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