True Skool Inc in Milwaukee, Wisconsin (WI)

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True Skool Inc
Employer Identification Number (EIN)203662807
Name of OrganizationTrue Skool Inc
Address161 W Wisconsin Ave Suite 1000, Milwaukee, WI 53203-2602
SubsectionCharitable Organization
Ruling Date08/2007
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$44,061
Amount of Income$176,398
Form 990 Revenue Amount$176,398
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts Education


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Amount of income in 2012: $176,398 (it was $157,080 in 2011)
This organization: 

 $176,398
Other organizations performing similar types of work: 

 $63,694

Assets in 2012: $44,061 (it was $55,884 in 2011)
This organization: 

 $44,061
Other organizations performing similar types of work: 

 $22,158

Expenses in 2012: $162,089
True Skool Inc: 

 $162,089
Other organizations performing similar types of work: 

 $58,738

Income to expenses ratio in 2012: 1.1
True Skool Inc: 

 1.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 98.7%
This organization: 

 98.7%
Other organizations performing similar types of work: 

 72.3%

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$176,398
Contributions, gifts, grants, and similar amounts received$174,123
Program service revenue including government fees and contracts$2,275
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$162,089
Total net assets$44,061
Excess for the year$14,307
Net assets or fund balances at beginning of year$-2,335
Other changes in net assets or fund balances$32,089
Balance Sheets (for 2012)
Total assets$44,061
Total liabilities$0
Net assets or fund balances$44,061
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$620,642
Gifts, grants, contributions, and membership fees received$620,642
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Rhapsody Arts Center Inc1031 North Edge Trl, Verona, WI 53593-1942WI2007-06$361,903
2True Skool Inc161 W Wisconsin Ave Suite 1000, Milwaukee, WI 53203-2602WI2007-08$176,398
3Cream City CalligraphersPo Box 1468, Milwaukee, WI 53201-1468WI2014-05$9,631
4Afr Amer Artists Beginning To Educate Amer About Afr Amer Art631 East Hadley Apt 2, Milwaukee, WI 53212WI2006-08$0
5Alex Hauntys Theater And Arts Fund Incorporated7758 Hillcrest Ave, Middleton, WI 53562WI2014-10$0
6American Maritimes Academy Of Art417 N Center Ave, Jefferson, WI 53549-1207WI2005-06$0
7Artists Alive IncS2280 County Road V, Reedsburg, WI 53959WI2014-03$0
8Association Of Traditional Hooking AritstsN8 W27570 Woodridge Ct, Waukesha, WI 53188WI2004-11$0
9Association Of Traditional Hooking ArtistsW6882 Big Horn Ln, Wautoma, WI 54982WI2004-11$0
10Baraboo Public Art Association134 4th Street, Baraboo, WI 53913WI2014-08$0
11Chicago Metalarts Guild642 Jefferson St, Lake Geneva, WI 53147WI2003-05$0
12Consciousness Inc1633 N Prospect Ave Unit 2a, Milwaukee, WI 53202-2477WI2002-10$0
13Equality Atelier920 2nd St, Baraboo, WI 53913-2360WI2009-12$0
14Experimental Aircraft Association Steve Wittman Chapter 2523975 Sharratt Drive, Oshkosh, WI 54901WI2010-08$0
15Frederic Arts Board IncPO BOX 334, Frederic, WI 54837-0334WI2015-04$0
16Helping Elevate Thru Art & Love IncPo Box 5644, De Pere, WI 54115WI2009-02$0
17Imagination Nation Inc502 2nd Ave E, Durand, WI 54736-1409WI2011-06$0
18Jazale S Art Studio Inc2214 N Holton Street, Milwaukee, WI 53212WI2013-01$0
19Kenosha Art Association Inc5615 - 7th Ave, Kenosha, WI 53140WI2007-09$0
20Kids Tales Inc4230 North Oakland -- Ste 111, Milwaukee, WI 53211-2042WI2015-03$0
Number of organizations performing similar types of work
Alaska12
Alabama24
Arkansas20
Arizona64
California460
Colorado77
Connecticut52
District of Columbia25
Delaware5
Florida155
Georgia77
Hawaii21
Iowa19
Idaho9
Illinois104
Indiana37
Kansas19
Kentucky32
Louisiana26
Massachusetts73
Maryland58
Maine22
Michigan72
Minnesota43
Missouri43
Mississippi18
Montana17
North Carolina65
North Dakota9
Nebraska7
New Hampshire17
New Jersey74
New Mexico22
Nevada21
New York267
Ohio79
Oklahoma25
Oregon65
Pennsylvania101
Rhode Island14
South Carolina19
South Dakota5
Tennessee40
Texas177
Utah21
Virginia55
Vermont15
Washington73
Wisconsin39
West Virginia7
Wyoming10
International7
Total2,818

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