NonprofitsTrue Foundry Inc

Community Improvement & Capacity Building

True Foundry Inc

WOODLAWN, MD

Total revenue

$40K

Total expenses

$15K

Net assets

$83K

Grants received

$108K

8 grants

EIN

882253940

Tax year

2024

Mission

True Foundry helps underrepresented entrepreneurs build impactful businesses through mentorship, business coaching and consulting, bridge loans, investor readiness, business training/tools, networking events, startup strategy advising, startup ecosystem events, and grants.

Financials

FY 2024

Revenue

Contributions & grants$35K
Program service revenue$3K
Investment income$2K
Other revenue
Total revenue$40K

Expenses

Grants paid$10K
Salaries & benefits
Fundraising
Other expenses$5K
Total expenses$15K
Total assets$83K
Net assets$83K

People

4 listed

NameRoleCompensation

Theodore Sutherland

Chairman of the Board

Board

1 hrs/wk

Kwami Williams

Director

Board

3 hrs/wk

Emily Cunningham

Director

Board

1 hrs/wk

Peter Mueller

Executive Director/Treasurer/Secretary

Board

1 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$25K
For grant recipient's exempt purposes
2023
$5K
General & Unrestricted
2023
$25K
FOLLOW-ON FUNDING
2022
$10K
For grant recipient's exempt purposes
2022
$3K
GENERAL SUPPORT
2022

Funded by

$108K from 5 funders · 8 grants · 2022–2023

Natl Christian Charitable Fdn Inc

$40K · 3 grants · 2022–2023

Fidelity Investments Charitable Gift Fund

$35K · 2 grants · 2022–2023

Echoing Green Inc

$25K · 1 grant · 2022

Rippleworks Inc

$3K · 1 grant · 2022

Details

EIN882253940
NTEE codeS99
Subsection03
Ruling date2022-09
TRUE FOUNDRY INC — Mission, Financials & Grants Received | Grantivo