Nonprofit · EIN 45-5264332
TRUSTED WORLD FOUNDATION INC
Tax-exempt · GARLAND, TX 75042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,236,262 | $5,139,690 | $96,572 | $3,822,688 | $62,316 | $3,760,372 |
| December 31, 2023 | 990 | $6,011,958 | $5,656,929 | $355,029 | $3,737,287 | $73,487 | $3,663,800 |
| December 31, 2022 | 990 (amended) | $4,908,288 | $3,260,966 | $1,647,322 | $3,390,585 | $81,814 | $3,308,771 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,211,987
- Program service revenue
- $0
- Investment income
- $8,004
- Other revenue
- $16,271
Expenses
- Grants and similar amounts paid
- $4,186,517
- Compensation of officers, directors and key employees
- $121,154
- Other salaries and wages
- $405,732
- Salaries, compensation and benefits (total)
- $567,444
- Professional fundraising fees
- $0
- Accounting fees
- $16,000
- Occupancy
- $174,956
- Depreciation
- $18,754
- Program services (functional)
- $4,994,628
- Management and general (functional)
- $97,731
- Fundraising (functional)
- $47,331
Balance sheet and other
- Total assets, start of year
- $3,737,287
- Total assets, end of year
- $3,822,688
- Total liabilities, end of year
- $62,316
- Net assets, end of year
- $3,760,372
- Land, buildings and equipment
- $40,674
- Net assets without donor restrictions
- $3,200,900
- Net assets with donor restrictions
- $559,472
- Gross receipts
- $5,236,262
- Employees
- 13
- Volunteers
- 8,000
- Year formed
- 2012
- State of legal domicile
- TX
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 |
|---|---|---|---|
| MICHAEL GARRETT | CEO Trustee or director, Officer | 50 | $121,154 |
| DANIEL BOUTON | Secretary Trustee or director, Officer | 1 | $0 |
| GABRIELLE MADISON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| LAUREN SANDS | Director Trustee or director | 1 | $0 |
| EVA HUMMEL | Director Trustee or director | 1 | $0 |
| JAMES THOMAS | Director Trustee or director | 1 | $0 |
| BRIAN HARVEY | Director Trustee or director | 1 | $0 |
| JAMEY APPLEGATE | Director Trustee or director | 1 | $0 |
| EDDIE ARMY | Director Trustee or director | 1 | $0 |
| SHELLEY GARRETT | Director Trustee or director | 1 | $0 |
| ED DRAIN | Director Trustee or director | 1 | $0 |
| MISTY LEON | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL GARRETT | CEO Trustee or director, Officer | 40 | $148,531 |
| DANIEL BOUTON | Secretary Trustee or director, Officer | 1 | $0 |
| GABRIELLE MADISON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| LAUREN SANDS | Director Trustee or director | 1 | $0 |
| EVA HUMMEL | Director Trustee or director | 1 | $0 |
| JAMES THOMAS | Director Trustee or director | 1 | $0 |
| BRIAN HARVEY | Director Trustee or director | 1 | $0 |
| JAMEY APPLEGATE | Director Trustee or director | 1 | $0 |
| EDDIE ARMY | Director Trustee or director | 1 | $0 |
| SHELLEY GARRETT | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL GARRETT | CEO Trustee or director, Officer | 40 | $118,450 |
| DANIEL BOUTON | Secretary Trustee or director, Officer | 1 | $0 |
| GABRIELLE MADISON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MONICA JOLLA JACKSON | Treasurer Trustee or director, Officer | 1 | $0 |
| EVA HUMMEL | Director Trustee or director | 1 | $0 |
| JAMES THOMAS | Director Trustee or director | 1 | $0 |
| BRIAN HARVEY | Director Trustee or director | 1 | $0 |
| JAMEY APPLEGATE | Director Trustee or director | 1 | $0 |
| EDDIE ARMY | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 613 EASY ST, GARLAND, TX 75042-6812
- Principal officer (990 for 2024)
- MICHAEL GARRETT, 613 EASY ST, GARLAND, TX 75042
- Signed the 990
- MICHAEL GARRETT, CEO
- Phone
- (972) 861-0577
- Website
- www.trustedworld.org
- Return prepared by
- Sutton Frost Cary LLP
Mission
Trusted World is committed to providing the best resources, at no cost, to people or organizations who are providing services on someone elses behalf.
Program accomplishments
- PROVIDING CLOTHING, FOOD, AND PERSONAL CARE ITEMS TO OUR CLIENTS.Expenses $4,994,628 · grants $4,186,517
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
- 45-5264332
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P19)
- Assets (IRS master file)
- $3,822,688
- Income (IRS master file)
- $5,236,262
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,236,262 | $5,139,690 | $3,822,688 | XML |
| 990 | December 2023 | $6,011,958 | $5,656,929 | $3,737,287 | XML |
| 990 | December 2022 | $4,908,288 | $3,260,966 | $3,390,585 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 45-5264332).
Questions about TRUSTED WORLD FOUNDATION INC
- What is the EIN of TRUSTED WORLD FOUNDATION INC?
- The employer identification number (EIN) of TRUSTED WORLD FOUNDATION INC is 45-5264332.
- Is TRUSTED WORLD FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to TRUSTED WORLD FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUSTED WORLD FOUNDATION 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 TRUSTED WORLD FOUNDATION 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 TRUSTED WORLD FOUNDATION 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 TRUSTED WORLD FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MICHAEL GARRETT.
- Who are the officers and directors of TRUSTED WORLD FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $121,154 (MICHAEL GARRETT, CEO).
- How much revenue does TRUSTED WORLD FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,236,262, expenses of $5,139,690 and total assets of $3,822,688 at year end.
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