TRUTH INITIATIVE FOUNDATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- TRUTH INITIATIVE FOUNDATION (EIN 91-1956621)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2023-11-01
- IRS object ID
- 202313059349301601
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-01T09:47:34-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 WATER ST STE 500 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911956621 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUTH INITIATIVE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TRUT | BusinessNameControlTxt |
| Phone | 2024545555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 G STREET NW 4TH FL | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20001 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANTHONY T O'TOOLE | PersonNm |
| Person Title | EVP/CFIO | PersonTitleTxt |
| Phone | 2024545555 | PhoneNum |
| Signature | 2023-10-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANTHONY | PersonFirstNm |
| Person Last | OTOOLE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KRISTEN BARNETT | PreparerPersonNm |
| PTIN | P01234578 | PTIN |
| Phone | 8133162300 | PhoneNum |
| Preparation | 2023-10-31 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUTH INITIATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KATHLEEN CROSBY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 G STREET NW 4TH FL | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $241,427,784 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | TRUTHINITIATIVE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1999 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | TRUTH INITIATIVE'S MISSION IS TO ACHIEVE A CULTURE WHERE YOUNG PEOPLE REJECT SMOKING, VAPING, AND NICOTINE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 224 | TotalEmployeeCnt |
| Total Volunteers | 277 | TotalVolunteersCnt |
| Total Gross UBI | $3,340,309 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $2,806,134 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,379,137 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,485,934 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $698,924 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,073,891 | CYProgramServiceRevenueAmt |
| PY Investment Income | $103,640,688 | PYInvestmentIncomeAmt |
| CY Investment Income | $52,069,199 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $2,616,854 | CYOtherRevenueAmt |
| PY Total Revenue | $111,718,749 | PYTotalRevenueAmt |
| CY Total Revenue | $59,245,878 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,355,581 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,563,187 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $24,830,633 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $25,594,346 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,630 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $91,903,753 | PYOtherExpensesAmt |
| CY Other Expenses | $89,752,237 | CYOtherExpensesAmt |
| PY Total Expenses | $118,089,967 | PYTotalExpensesAmt |
| CY Total Expenses | $116,909,770 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$6,371,218 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$57,663,892 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $833,593,516 | TotalAssetsBOYAmt |
| Total Assets EOY | $764,347,458 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $107,438,597 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $110,630,924 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $726,154,919 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $653,716,534 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TRUTH INITIATIVE'S MISSION IS TO ACHIEVE A CULTURE WHERE YOUNG PEOPLE REJECT SMOKING, VAPING, AND NICOTINE. THE PURPOSES FOR WHICH THE FOUNDATION IS FORMED ARE TO SUPPORT (1) THE STUDY OF AND PROGRAMS TO REDUCE YOUTH TOBACCO PRODUCT USAGE & YOUTH SUBSTANCE (CONT. ON SCH O)ABUSE IN THE STATES AND (2) THE STUDY OF AND EDUCATIONAL PROGRAMS TO PREVENT DISEASES ASSOCIATED WITH THE USE OF TOBACCO PRODUCTS IN THE STATES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $77,429,313 | ExpenseAmt |
| Grant | $461,136 | GrantAmt |
| Revenue | $10,000 | RevenueAmt |
| Desc | YOUTH AND YOUNG ADULT PUBLIC EDUCATION:TRUTH INITIATIVE'S PUBLIC HEALTH EDUCATION CAMPAIGN TRUTH HAS BEEN A LEADING DRIVER IN REDUCING YOUTH AND YOUNG ADULT TOBACCO USE FOR TWO DECADES. CAMPAIGN IMPACT HAS BEEN PROVEN IN MULTIPLE PUBLISHED STUDIES. PUBLISHED RESEARCH HAS ALSO ESTABLISHED THE COST EFFECTIVENESS OF THE PROGRAM. THE CURRENT FOCUS OF THE CAMPAIGN SINCE 2018 IS THE NATION'S YOUTH VAPING EPIDEMIC AND THE HARMS OF NICOTINE ADDICTION FOR YOUNG PEOPLE. RECENT RESEARCH SHOWS THAT AWARENESS OF THE TRUTH CAMPAIGN IS RELATED TO PREVENTING YOUTH VAPING INITIATION, SLOWING PROGRESSION AND PROMOTING YOUNG PEOPLE WHO DO VAPE TO QUIT. IN 2018, WE EXPANDED TRUTH'S MESSAGING TO TAKE ON THE NATIONAL OPIOID ABUSE EPIDEMIC. OUR MESSAGING FOCUSES ON YOUTH AND YOUNG ADULT PREVENTION, PRIMARILY THROUGH IN-SCHOOL EDUCATION. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $7,308,080 | ExpenseAmt |
| Grant | $511,928 | GrantAmt |
| Revenue | $97,147 | RevenueAmt |
| Desc | RESEARCH POLICY AND PRACTICE:TRUTH INITIATIVE IS A LEADER IN TOBACCO CONTROL RESEARCH AND POLICY WITH A STRONG TEAM OF RESEARCH SCIENTISTS IN OUR SCHROEDER INSTITUTE FOR TOBACCO RESEARCH AND POLICY STUDIES AND A DEDICATED TEAM OF POLICY PROFESSIONALS WHO PARTICIPATE IN THE ONGOING DISCUSSION AROUND THE BEST APPROACHES FOR REDUCING TOBACCO RELATED DEATH AND DISEASE. SCHROEDER INSTITUTE SCIENTISTS PRODUCE PEER-REVIEWED PAPERS ON ISSUES RELATED TO TOBACCO CONTROL, SPEAK AT NATIONAL AND LOCAL CONFERENCES, AND ALONG WITH OUR POLICY TEAM CREATE A SUITE OF RESOURCES AND GUIDANCE ON ISSUES FROM E-CIGARETTES TO TOBACCO INDUSTRY MARKETING TACTICS FOR USE BY TOBACCO CONTROL PROFESSIONALS AT BOTH THE LOCAL AND NATIONAL LEVEL. OUR POLICY TEAM REGULARLY WEIGHS IN ON FEDERAL REGULATORY APPROACHES TO TOBACCO CONTROL VIA FORMAL COMMENTS AND LETTERS TO FDA AND OTHER FEDERAL AGENCIES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,547,087 | ExpenseAmt |
| Grant | $590,123 | GrantAmt |
| Desc | COMMUNITY AND YOUTH ENGAGEMENT:COMMUNITY AND YOUTH ENGAGEMENT (CAYE) RECRUITS, EDUCATES, AND MOBILIZES YOUNG PEOPLE, PARTICULARLY BIPOC AND LGBTQ COMMUNITIES, TO TAKE ACTION ON SMOKING, VAPING, AND NICOTINE ON BEHALF OF TRUTH'S POLICY PRIORITIES. CAYE ENGAGES HIGH SCHOOL AND COLLEGE STUDENT LEADERS TO EDUCATE DECISION-MAKERS AT THE COMMUNITY, STATE, AND NATIONAL LEVEL ABOUT THE IMPACT VAPING HAS ON YOUNG PEOPLE. WE DO THIS THROUGH DIGITAL AND ON-THE-GROUND ACTIVISM AND LEADERSHIP TRAINING PROGRAMS. CAYE WORKS WITH COLLEGES, UNIVERSITIES AND STUDENTS TO INSTITUTE TOBACCO-FREE CAMPUS POLICIES. CAYE WORKS WITH OTHER NON-PROFIT ORGANIZATIONS, PARTICULARLY THOSE SERVING POPULATIONS DISPROPORTIONATELY IMPACTED BY TOBACCO, TO ENGAGE THEIR YOUNG PEOPLE ON ISSUES RELATED TO TOBACCO. IN ADDITION, WE WORK WITH SCHOOLS TO EDUCATE STUDENTS WITH TRUTH INITIATIVE'S HIGH SCHOOL CURRICULUM, VAPING: KNOW THE TRUTH. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,866,905 | ExpenseAmt |
| Revenue | $966,744 | RevenueAmt |
| Desc | TOBACCO CESSATION INNOVATIONS:TRUTH INITIATIVE'S INNOVATIONS CENTER IS A CROSS-FUNCTIONAL TEAM OF LEADING SCIENTISTS, PRODUCT DEVELOPMENT EXPERTS, AND SALES AND MARKETING PROFESSIONALS THAT BUILDS AND DEPLOYS SCALABLE AND SUSTAINABLE DIGITAL SOLUTIONS FOR TOBACCO CESSATION. IN PARTNERSHIP WITH MAYO CLINIC, WE RUN A FREELY AVAILABLE DIGITAL CESSATION PROGRAM - BECOMEANEX - THAT HAS BEEN USED BY NEARLY A MILLION TOBACCO USERS. OUR ENTERPRISE PRODUCT - EX PROGRAM - EXPANDS OUR REACH THROUGH STRATEGIC PARTNERSHIPS WITH HEALTH PLANS, HEALTH SYSTEMS, AND EMPLOYERS. IN 2019, WE LAUNCHED THIS IS QUITTING, A FIRST OF ITS KIND TEXT MESSAGE VAPING CESSATION PROGRAM SPECIFICALLY DESIGNED FOR TEENS AND YOUNG ADULTS THAT IS NOW IN USE BY NEARLY 500,000 YOUNG PEOPLE. STRATEGIC PARTNERSHIPS WITH STATES, SCHOOL SYSTEMS, AND HEALTH PLANS HELP FURTHER OUR EFFORTS TO ENGAGE YOUNG PEOPLE WITH THIS IS QUITTING. THE INNOVATIONS CENTER IS INTERNATIONALLY RECOGNIZED FOR ITS RIGOROUS RESEARCH IN DIGITAL APPROACHES TO TOBACCO CESSATION AND ITS FIELD-LEADING CONTRIBUTIONS TO THE ACADEMIC LITERATURE AND REAL-WORLD DEPLOYMENT OF DIGITAL CESSATION TOOLS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $6,866,905 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $966,744 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $98,151,385 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 131 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 224 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | 0 | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | EG | ForeignCountryCd |
| Foreign Country | TW | ForeignCountryCd |
| Foreign Country | IS | ForeignCountryCd |
| Foreign Country | AE | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | HI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANTHONY T O'TOOLE EVPCFIO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2024545555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 G STREET NW 4TH FL | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20001 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| HON MIKE MOORE | |||||||||
| CHAIR SINCE 5/2017 | 6.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| NANCY BROWN | |||||||||
| VICE CHAIR SINCE 12/2017 | 6.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| HON JOSH STEIN | |||||||||
| TREASURER SINCE 01/2023 | 6.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| HON DOUG PETERSON | |||||||||
| TREASURER THRU 01/2023 | 6.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MARY T BASSETT MD MPH | |||||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| GEORGES C BENJAMIN MD | |||||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| HON HERB CONAWAY MD | |||||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| HON JAMES DUNNIGAN | |||||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| HON SPENCER J COX | |||||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEVE OYER | |||||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| JANET T MILLS | |||||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| HON MARTIN JACKLEY | |||||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBIN KOVAL | |||||||||
| PRESIDENT & CEO | 37.50 | Yes (X) | $1,096,536 | $0 | $143,775 | ||||
| ANTHONY T O'TOOLE | |||||||||
| EVP/CFIO | 37.50 | Yes (X) | $831,350 | $0 | $160,633 | ||||
| ROBERT FALK | |||||||||
| GEN. COUNSEL/CORP. SECRETARY | 37.50 | Yes (X) | $476,407 | $0 | $75,817 | ||||
| M DAVID DOBBINS | |||||||||
| COO THRU 8/2022 | 37.50 | $527,122 | $0 | $51,293 | Yes (X) | ||||
| ELIZABETH KENNY | |||||||||
| CHIEF MKTG & STRAT OFF. THRU 1/2022 | 37.50 | $174,895 | $0 | $8,343 | Yes (X) | ||||
| PATRICIA KENNEY | |||||||||
| CHIEF COMMUNICATIONS OFFICER | 37.50 | $411,917 | $0 | $86,307 | Yes (X) | ||||
| RALPH LOGAN | |||||||||
| SENIOR VICE PRESIDENT, MARKETING | 37.50 | $362,137 | $0 | $53,270 | Yes (X) | ||||
| AMANDA GRAHAM | |||||||||
| CHIEF OF INNOVATIONS & RESEARCH | 37.50 | $351,808 | $0 | $55,867 | Yes (X) | ||||
| ANNA SPRIGGS | |||||||||
| CHIEF OF HUMAN RESOURCES & ADMIN. | 37.50 | $335,048 | $0 | $68,013 | Yes (X) | ||||
| AMY TAYLOR | |||||||||
| CHIEF OF COMMUNITY ENGAGEMENT | 37.50 | $329,803 | $0 | $72,119 | Yes (X) | ||||
| DONNA VALLONE | |||||||||
| CHIEF RESEARCH OFFICER THRU 4/2022 | 37.50 | $561,992 | $0 | $91,376 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,459,015 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $866,813 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 54 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GALE PARTNERS LLC | |||||
| ONE WORLD TRADE CENTER FLOOR 67 | NEW YORK | NY | 10007 | MARKETING | $28,084,333 |
| THE TRADE DESK INC | |||||
| 42 CHESTNUT STREET | VENTURA | CA | 93001 | MARKETING | $10,924,665 |
| GOOGLE LLC | |||||
| 1600 AMPHITHEATRE PARKWAY | MOUNTAIN VIEW | CA | 94043 | MARKETING | $10,195,015 |
| SNAP INC (DBA SNAPCHAT) | |||||
| 2772 DONALD DOUGLAS LOOP NORTH | SANTA MONICA | CA | 90405 | MARKETING | $5,807,502 |
| MOJO SUPERMARKET LLC | |||||
| 201 ALLEN STREET 10048 | NEW YORK | NY | 10002 | MARKETING | $4,838,982 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 42 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $620,197 | GovernmentGrantsAmt |
| All Other Contributions | $2,865,737 | AllOtherContributionsAmt |
| Total Contributions | $3,485,934 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALE OF EX SERVICES | 900099 | $954,744 | $954,744 |
| CONTRACT SERVICE REV | 900099 | $119,147 | $119,147 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,073,891 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,908,105 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $3,340,309 | UnrelatedBusinessRevenueAmt |
| Exclusion | $13,567,796 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,854 | TotalRevenueColumnAmt |
| Exclusion | $1,854 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $217,067,000 | SecuritiesAmt |
| Other | $276,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $181,915,626 | SecuritiesAmt |
| Other | $266,280 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $35,151,374 | SecuritiesAmt |
| Other | $9,720 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,161,094 | TotalRevenueColumnAmt |
| Exclusion | $35,161,094 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SETTLEMENT | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $2,615,000 | TotalRevenueColumnAmt |
| Exclusion | $2,615,000 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,615,000 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $59,245,878 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,073,891 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $3,340,309 | UnrelatedBusinessRevenueAmt |
| Exclusion | $51,345,744 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,545,437 | TotalAmt |
| Program Services | $1,545,437 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,750 | TotalAmt |
| Program Services | $17,750 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,557,931 | TotalAmt |
| Program Services | $405,995 | ProgramServicesAmt |
| Management And General | $2,151,936 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,233,625 | TotalAmt |
| Program Services | $13,621,968 | ProgramServicesAmt |
| Management And General | $3,611,657 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,788,182 | TotalAmt |
| Program Services | $1,490,802 | ProgramServicesAmt |
| Management And General | $297,380 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,655,350 | TotalAmt |
| Program Services | $1,968,325 | ProgramServicesAmt |
| Management And General | $687,025 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,359,258 | TotalAmt |
| Program Services | $946,859 | ProgramServicesAmt |
| Management And General | $412,399 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $306,526 | TotalAmt |
| Program Services | $44,432 | ProgramServicesAmt |
| Management And General | $262,094 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $301,208 | TotalAmt |
| Management And General | $301,208 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,478,750 | TotalAmt |
| Management And General | $3,478,750 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,245,107 | TotalAmt |
| Program Services | $74,634,986 | ProgramServicesAmt |
| Management And General | $610,121 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $481,959 | TotalAmt |
| Program Services | $472,670 | ProgramServicesAmt |
| Management And General | $9,289 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $220,233 | TotalAmt |
| Program Services | $74,713 | ProgramServicesAmt |
| Management And General | $145,520 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,328,793 | TotalAmt |
| Program Services | $1,124,427 | ProgramServicesAmt |
| Management And General | $204,366 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,776,243 | TotalAmt |
| Management And General | $2,776,243 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $816,950 | TotalAmt |
| Program Services | $715,732 | ProgramServicesAmt |
| Management And General | $101,218 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $802,725 | TotalAmt |
| Program Services | $667,473 | ProgramServicesAmt |
| Management And General | $135,252 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,421,372 | TotalAmt |
| Management And General | $1,421,372 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $552,085 | TotalAmt |
| Program Services | $62,128 | ProgramServicesAmt |
| Management And General | $489,957 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $406,657 | TotalAmt |
| Program Services | $80,545 | ProgramServicesAmt |
| Management And General | $326,112 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| INCOME TAX EXPENSE | $919,802 | $919,802 | |
| EMPLOYEE MORALE | $395,761 | $344,107 | $51,654 |
| OTHER EXPENSES | $210,583 | $69,947 | $140,636 |
| SURVEY INCENTIVES | $84,853 | $84,853 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,630 | TotalAmt |
| Fundraising | $2,630 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,909,770 | TotalAmt |
| Program Services | $98,151,385 | ProgramServicesAmt |
| Management And General | $18,755,755 | ManagementAndGeneralAmt |
| Fundraising | $2,630 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500 | BOYAmt |
| EOY | $500 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,876,235 | BOYAmt |
| EOY | $78,523,390 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,398 | BOYAmt |
| EOY | $204,567 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $502,613 | BOYAmt |
| EOY | $950,155 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,720 | BOYAmt |
| EOY | $5,705 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,531,708 | BOYAmt |
| EOY | $1,195,772 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $12,101,885 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,362,129 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,141,968 | BOYAmt |
| EOY | $1,739,756 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $246,945,570 | BOYAmt |
| EOY | $178,502,609 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $464,967,492 | BOYAmt |
| EOY | $497,753,425 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $493,312 | BOYAmt |
| EOY | $5,471,579 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $833,593,516 | BOYAmt |
| EOY | $764,347,458 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,170,275 | BOYAmt |
| EOY | $10,649,914 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $673,874 | BOYAmt |
| EOY | $956,729 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,594,448 | BOYAmt |
| EOY | $99,024,281 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,438,597 | BOYAmt |
| EOY | $110,630,924 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $726,154,919 | BOYAmt |
| EOY | $653,716,534 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $726,154,919 | BOYAmt |
| EOY | $653,716,534 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $833,593,516 | BOYAmt |
| EOY | $764,347,458 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$57,663,892 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$14,774,493 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,145,333 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,179,561 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,033,285 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,379,137 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,485,935 | CurrentTaxYearAmt |
| Total | $22,223,251 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,145,333 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,179,561 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,033,285 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,379,137 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,485,935 | CurrentTaxYearAmt |
| Total | $22,223,251 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $946,985 | SubstantialContributorsTotAmt |
| Public Support Total170 | $21,276,266 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,045,526 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $15,297,111 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,324,845 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,376,575 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,909,959 | CurrentTaxYearAmt |
| Total | $80,954,016 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $3,260,956 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus1 Year | $2,925,374 | CurrentTaxYearMinus1YearAmt |
| Total | $6,186,330 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,512 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,430 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year | $2,615,000 | CurrentTaxYearAmt |
| Total | $2,634,942 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $111,998,539 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2,880,901 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.19000 | PublicSupportCY170Pct |
| Public Support PY170 | 0.18600 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
| Facts And Circumstances Test | SEE SCHEDULE O | FactsAndCircumstancesTestTxt |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER REVENUE - 2018 AMOUNT: $ 18,512. 2019 AMOUNT: $ 1,430. SETTLEMENT - 2022 AMOUNT: $ 2,615,000. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,377,081 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,033,622 | DepreciationAmt |
| Book Value | $1,343,459 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,427,539 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,034,964 | DepreciationAmt |
| Book Value | $392,575 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,297,265 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,293,543 | DepreciationAmt |
| Book Value | $3,722 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,739,756 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| COMMINGLED/COMMON TRUST FUNDS | $181,271,909 | F |
| HEDGE FUNDS | $63,612,321 | F |
| PRIVATE EQUITY FUNDS | $209,145,392 | F |
| OTHER | $67,470 | F |
| 1420180-ROYALTY PHARMA PLC SHS CL A (RPRX) | $43,656,333 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $497,753,425 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED COMPENSATION | $1,417,957 |
| LINE OF CREDIT | $89,438,316 |
| REFUNDABLE ADVANCES | $1,033,306 |
| OPERATING LEASE LIABILITY | $7,134,702 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $99,024,281 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $40,997,293 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$14,774,493 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$14,774,493 | RevenueNotReportedAmt |
| Revenue Subtotal | $55,771,786 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $3,478,750 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$4,658 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $3,474,092 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $59,245,878 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $113,435,678 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $4,658 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $4,658 | ExpensesNotReportedAmt |
| Expenses Subtotal | $113,431,020 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $3,478,750 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $3,478,750 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $116,909,770 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | TRUTH INITIATIVE IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). IN ADDITION, TRUTH INITIATIVE HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME, WHICH IS NOT RELATED TO ITS EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. TRUTH INITIATIVE FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, TRUTH INITIATIVE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE RECOGNITION, CLASSIFICATION, INTEREST, PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED TRUTH INITIATIVE'S TAX POSITIONS AND CONCLUDED THAT TRUTH INITIATIVE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | LOSS ON DISPOSAL REPORTED IN PART VIII LINE 7 -4,658. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON DISPOSAL REPORTED IN PART VIII LINE 7 4,658. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | 0 | 0 | INVESTMENTS | $3,068,276 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $11,602,284 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | INVESTMENTS | $41,532 |
| NORTH AMERICA | 0 | 0 | INVESTMENTS | $1,395,690 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $16,107,782 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $16,107,782 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III ACCOUNTING METHOD: | FormAndLineReferenceDesc |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (26 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| CAMPAIGN FOR TOBACCO FREE KIDS | |||||||||
| 1400 I STREET NW SUITE 1200 | WASHINGTON | DC | 20005 | 521969967 | 501(C)(3) | $927,296 | $0 | STRATEGIC ALLIANCE GRANTS | |
| TOBACCO FREE PORTFOLIOS FOUNDATION | |||||||||
| 155 EAST 44TH ST 6TH FLOOR STE34 | NEW YORK | NY | 10017 | 843103450 | 501(C)(3) | $200,000 | $0 | STRATEGIC ALLIANCE GRANTS | |
| UNIVERSITY OF CALIFORNIA SAN FRANCISCO | |||||||||
| 1855 FOLSOM STREET SUITE 425 | SAN FRANCISCO | CA | 94143 | 946036493 | 501(C)(3) | $56,716 | $0 | STRATEGIC ALLIANCE GRANTS | |
| COLORADO NORTHWESTERN COMMUNITY COLLEGE FOUNDATION | |||||||||
| 500 KENNEDY DRIVE | RANGELY | CO | 81648 | 840842160 | 501(C)(3) | $8,779 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| OUR LADY OF THE LAKE UNIVERSITY | |||||||||
| 411 SW 24TH STREET | SAN ANTONIO | TX | 78207 | 741109631 | 501(C)(3) | $9,756 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| STILLMAN COLLEGE | |||||||||
| 3601 STILLMAN BLVD | TUSCALOOSA | AL | 35401 | 630315935 | 501(C)(3) | $5,056 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| ADVOCATES FOR YOUTH | |||||||||
| 1325 G STREET NW STE 980 | WASHINGTON | DC | 20005 | 521117359 | 501(C)(3) | $6,170 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| COPPIN STATE UNIVERSITY DEVELOPMENT FOUNDATION | |||||||||
| 2500 WEST NORTH AVENUE | BALRIMORE | MD | 21216 | 237127440 | 501(C)(3) | $7,760 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| MILES COLLEGE | |||||||||
| 5500 MYRON MASSEY BLVD | FAIRFIELD | AL | 35064 | 630400608 | 501(C)(3) | $10,344 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| PARENTS AGAINST VAPING E-CIGARETTES (PAVE) | |||||||||
| 105 WEST 86TH STREET 360 | NEW YORK | NY | 10024 | 850494480 | 501(C)(3) | $75,713 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| GIRL SCOUT COUNCIL OF THE NATION'S CAPITAL | |||||||||
| 4301 CONNECTICUT AVENUE NW SUITE | WASHINGTON | DC | 20008 | 540732966 | 501(C)(3) | $17,944 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | M-2 |
| NATIONAL COUNCIL FOR BEHAVIORAL HEALTH | |||||||||
| PO BOX 745709 | ATLANTA | GA | 303745709 | 237092671 | 501(C)(3) | $37,121 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| WESTERN NEW MEXICO UNIVERSITY | |||||||||
| 1000 W COLLEGE AVE | SILVER CITY | NM | 88062 | 856000543 | 501(C)(3) | $5,941 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| TRINITY WASHINGTON UNIVERSITY | |||||||||
| 125 MICHIGAN AVE NE | WASHINGTON DC | DC | 20017 | 530196640 | 501(C)(3) | $7,859 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| GADSDEN STATE COMMUNITY COLLEGE | |||||||||
| 1001 GEORGE WALLACE DR | GADSDEN | AL | 35903 | 630501425 | 501(C)(3) | $13,942 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| BUCKS COUNTY COMMUNITY COLLEGE FOUNDATION | |||||||||
| 275 SWAMP ROAD | NEWTON | PA | 18940 | 222456105 | 501(C)(3) | $7,850 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| BELLEVUE COLLEGE | |||||||||
| 3000 LANDERHOLM CIRCLE SE | BELLEVUE | WA | 98007 | 911051671 | 501(C)(3) | $6,621 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| MANHATTAN COLLEGE | |||||||||
| 4513 MANHATTAN COLLEGE PARKWAY | BRONX | NY | 10471 | 131740468 | 501(C)(3) | $5,313 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| NOTRE DAME COLLEGE | |||||||||
| 4545 COLLEGE RD | SOUTH EUCLID | OH | 44121 | 340714689 | 501(C)(3) | $7,416 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK | |||||||||
| PO BOX 9 | ALBANY | NY | 12201 | 141368361 | 501(C)(3) | $5,815 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| TEXAS LUTHERAN UNIVERSITY | |||||||||
| 1000 WEST COURT ST | SEQUIN | TX | 78155 | 741109748 | 501(C)(3) | $8,019 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| UNIVERSITY OF RICHMOND | |||||||||
| 110 UR DRIVE | RICHMOND | VA | 23173 | 540505965 | 501(C)(3) | $5,102 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| WESTERN CONNECTICUT STATE UNIVERSITY | |||||||||
| 181 WHITE STREET | DANBURY | CT | 06810 | 060775515 | 501(C)(3) | $6,507 | $0 | COMMUNITY AND YOUTH ENGAGEMENT GRANTS | |
| CAMPAIGN FOR TBCC FREE KIDS | |||||||||
| 1400 I STREET NW SUITE 1200 | WASHINGTON | DC | 20005 | 521969967 | 501(C)(3) | $23,872 | $0 | 2022 COORDINATOR CAMP 06/27-28/22; YAYA LUNCHEON FOR 126 PEOPLE ON MAY 17, 2023 | |
| THE CENTER FOR BLACK HEALTH & EQUITY (CBHE) | |||||||||
| 2726 CROASDAILE DR | DURHAM | NC | 27705 | 562211875 | 501(C)(3) | $10,000 | $0 | SPONSORSHIP OF STATE OF BLACK HEALTH BIENNIAL CONFERENCE 9/6 - 9/8 | |
| SOCIETY FOR RESEARCH ON NICOTINE & TOBACCO INC | |||||||||
| 2424 AMERICAN LANE | MADISON | WI | 53704 | 521906424 | 501(C)(3) | $9,000 | $0 | SRNT 2023 HEALTH EQUITY NETWORK TRAVEL AWARDS DONATION | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 26 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FELLOWSHIP/SCHOLARSHIP | GrantTypeTxt |
| Recipient | 8 | RecipientCnt |
| Cash Grant | $17,750 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | EACH GRANT CONTRACT IS EXECUTED BY THE GRANTS DEPARTMENT AND MONITORED BY A TRUTH INITIATIVE ASSIGNED PROGRAM OFFICER (PO) UNTIL CLOSED. MONITORING CONSISTS OF PERIODIC COMMUNICATION BETWEEN THE PO AND THE GRANTEE, AS WELL AS TECHNICAL ASSISTANCE AND SITE VISITS AS NEEDED. PO'S ARE ALSO RESPONSIBLE FOR ENSURING THAT THE REPORTING OF GRANT EXPENDITURES AND DELIVERABLES MEET COMPLIANCE STANDARDS SET BY TRUTH INITIATIVE. EACH GRANT CONTRACT HAS A SCHEDULE OF REPORTING REQUIREMENTS. GRANTEES ARE REQUIRED TO SUBMIT EXPENSE REPORTS WHICH ARE REVIEWED BY THE PO FOR CONSISTENCY WITH THE APPROVED BUDGET AND/OR CERTIFY GRANT EXPENDITURES IN ACCORDANCE WITH THE APPROVED BUDGET. THE NARRATIVE REPORTING REQUIREMENTS ON THE DELIVERABLE ACTIVITIES VARIES ACCORDING TO THE GRANTEE AND FUNDING INITIATIVE. MINIMALLY, ALL GRANTEES ARE REQUIRED TO SUBMIT A FINAL REPORT ON PROGRAM ACTIVITIES. FEDERAL SUBAWARD GRANTS ARE EXECUTED AND MONITORED BY TRUTH INITIATIVE'S SPONSORED GRANTS DEPARTMENT IN ACCORDANCE WITH THE REQUIREMENTS CONTAINED WITHIN THE UNIFORM GUIDANCE TITLE 2 PART 200 OF THE CODE OF FEDERAL REGULATIONS (2 CFR 200). TRUTH INITIATIVE STAFF PERFORM A RISK ASSESSMENT OF EACH SUBRECIPIENT EVALUATING INTERNAL CONTROLS, ORGANIZATION HISTORY AND STRUCTURE, LATEST FINANCIAL STATEMENTS AND GOVERNMENT AUDITS PRIOR TO ANY GRANT AWARD. INVOICES SUBMITTED FOR PAYMENT ARE EVALUATED FOR COST ALLOWABILITY AND PROGRAMMATIC PROGRESS BY BOTH SPONSORED GRANTS STAFF AND THE PRINCIPAL INVESTIGATOR. SUBRECIPIENTS ALSO SUBMIT PROGRAM PROGRESS REPORTS, THE DETAILS OF WHICH ARE INCLUDED IN TRUTH INITIATIVE'S REPORTING TO PRIME NIH SPONSORS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBIN KOVAL | ||||||||||||||
| PRESIDENT & CEO | $672,599 | $0 | $68,394 | $0 | $355,543 | $0 | $120,500 | $0 | $32,526 | $0 | $1,249,562 | $0 | $180,000 | $0 |
| ANTHONY T O'TOOLE | ||||||||||||||
| EVP/CFIO | $462,925 | $0 | $57,738 | $0 | $310,687 | $0 | $110,500 | $0 | $58,849 | $0 | $1,000,699 | $0 | $170,000 | $0 |
| DONNA VALLONE | ||||||||||||||
| CHIEF RESEARCH OFFICER THRU 4/2022 | $372,283 | $0 | $29,258 | $0 | $160,451 | $0 | $65,500 | $0 | $33,656 | $0 | $661,148 | $0 | $72,000 | $0 |
| M DAVID DOBBINS | ||||||||||||||
| COO THRU 8/2022 | $274,979 | $0 | $0 | $0 | $252,143 | $0 | $28,067 | $0 | $30,943 | $0 | $586,132 | $0 | $0 | $0 |
| ROBERT FALK | ||||||||||||||
| GEN. COUNSEL/CORP. SECRETARY | $313,150 | $0 | $20,725 | $0 | $142,532 | $0 | $65,500 | $0 | $16,613 | $0 | $558,520 | $0 | $72,000 | $0 |
| PATRICIA KENNEY | ||||||||||||||
| CHIEF COMMUNICATIONS OFFICER | $289,470 | $0 | $31,465 | $0 | $90,982 | $0 | $55,500 | $0 | $39,200 | $0 | $506,617 | $0 | $52,000 | $0 |
| RALPH LOGAN | ||||||||||||||
| SENIOR VICE PRESIDENT, MARKETING | $286,000 | $0 | $10,531 | $0 | $65,606 | $0 | $43,000 | $0 | $13,120 | $0 | $418,257 | $0 | $27,000 | $0 |
| AMANDA GRAHAM | ||||||||||||||
| CHIEF OF INNOVATIONS & RESEARCH | $276,292 | $0 | $9,462 | $0 | $66,054 | $0 | $43,000 | $0 | $18,877 | $0 | $413,685 | $0 | $27,000 | $0 |
| ANNA SPRIGGS | ||||||||||||||
| CHIEF OF HUMAN RESOURCES & ADMIN. | $260,055 | $0 | $28,959 | $0 | $46,034 | $0 | $42,137 | $0 | $35,751 | $0 | $412,936 | $0 | $27,000 | $0 |
| AMY TAYLOR | ||||||||||||||
| CHIEF OF COMMUNITY ENGAGEMENT | $254,287 | $0 | $28,151 | $0 | $47,365 | $0 | $41,312 | $0 | $35,082 | $0 | $406,197 | $0 | $27,000 | $0 |
| ELIZABETH KENNY | ||||||||||||||
| CHIEF MKTG & STRAT OFF. THRU 1/2022 | $144,774 | $0 | $0 | $0 | $30,121 | $0 | $0 | $0 | $10,554 | $0 | $185,449 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE ORGANIZATION PAID EXECUTIVE DISABILITY INSURANCE, INCLUDING GROSS UP, TO ROBIN KOVAL IN THE AMOUNT OF $11,266 AND THIS WAS TREATED AS TAXABLE INCOME. THE ORGANIZATION PAID A HOUSING STIPEND TO ROBIN KOVAL IN THE AMOUNT OF $7,475 AND THIS WAS TREATED AS TAXABLE INCOME. THE ORGANIZATION HAS A HEALTH CLUB/CLASS BENEFIT WHICH IS OFFERED TO ALL EMPLOYEES. THIS BENEFIT IS TREATED AS TAXABLE INCOME TO THE RECIPIENT. SIX OF THE EMPLOYEES LISTED IN SCHEDULE J RECEIVED THIS BENEFIT. |
| PART I, LINES 4A-B | M. DAVID DOBBINS RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $248,507 WHICH IS INCLUDED IN PART II, COLUMN B(III). EMPLOYEES LISTED BELOW PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. EMPLOYER CONTRIBUTION DURING THE CALENDAR YEAR 2022 ARE AS FOLLOWS: ROBIN KOVAL - $90,000 ANTHONY T. O'TOOLE - $80,000 ROBERT FALK - $35,000 DONNA VALLONE - $35,000 PATRICIA KENNEY - $25,000 RALPH LOGAN - $12,500 AMANDA GRAHAM - $12,500 ANNA SPRIGGS - $12,500 EMPLOYEES LISTED BELOW RECEIVED PAYMENT FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. PAYMENT DURING THE CALENDAR YEAR 2022 ARE AS FOLLOWS: ROBIN KOVAL - $297,764 ANTHONY T. O'TOOLE - $274,742 ROBERT FALK - $117,810 DONNA VALLONE - $117,810 PATRICIA KENNEY - $84,725 RALPH LOGAN - $43,369 AMANDA GRAHAM - $43,369 ANNA SPRIGGS - $43,369 AMY TAYLOR - $43,369 |
| PART I, LINE 7 | ALL BONUS AMOUNTS REPORTED ON SCHEDULE J, PAGE 2, PART II, ARE PERFORMANCE BASED. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART V, LINE 3B | TRUTH INITIATIVE FOUNDATION IS AWAITING ADDITIONAL INFORMATION IN ORDER TO TIMELY FILE A COMPLETE AND ACCURATE FORM 990-T BY THE EXTENDED DEADLINE OF MAY 15, 2024. THE AMOUNT SHOWN AS NET UNRELATED BUSINESS TAXABLE INCOME ON LINE 7B OF PAGE 1 OF THE FORM 990 IS AN ESTIMATE BASED ON AVAILABLE INFORMATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE NATIONAL GOVERNORS ASSOCIATION, NATIONAL ASSOCIATION OF ATTORNEYS GENERAL, AND NATIONAL COUNCIL OF STATE LEGISLATURES EACH HAVE THE AUTHORITY TO APPOINT TWO CLASS A DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | PURSUANT TO BOARD RESOLUTION, THE BOARD OBSERVES THE FOLLOWING PROCEDURES IN THE FOLLOWING ORDER: FIRST, THE AUDIT COMMITTEE REVIEWS AND APPROVES THE DRAFT FORM 990; SECOND, THE APPROVED FORM 990 IS ELECTRONICALLY ROUTED TO ALL BOARD MEMBERS; THIRD, THE FORM IS FILED WITH THE IRS AND POSTED TO THE FOUNDATION'S WEB SITE. |
| FORM 990, PART VI, SECTION B, LINE 12C | TRUTH INITIATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY: REQUIRING ANNUAL REVIEW OF POLICY AND WRITTEN DISCLOSURES BY ALL DIRECTORS, SENIOR STAFF AND RESEARCH INVESTIGATORS WHICH ARE COLLECTED AND REVIEWED BY THE GENERAL COUNSEL; REQUIRING UPDATED FILINGS AS NECESSARY BY DIRECTORS AND COVERED STAFF; REQUIRING CONTEMPORANEOUS DISCLOSURES OF ALL CONFLICTS AND POTENTIAL CONFLICTS NOT DISCLOSED IN THE ANNUAL FILINGS, BY ALL DIRECTORS AND STAFF; REQUIRING ALL RESEARCH INVESTIGATORS WHO PARTICIPATE IN NIH-FUNDED RESEARCH TO COMPLY WITH NIH'S FINANCIAL CONFLICT OF INTEREST (FCOI) REGULATION AND TO ANNUALLY COMPLETE THE NIH TUTORIAL ON CONFLICTS OF INTEREST; AND PLACING ADMINISTRATIVE RESPONSIBILITY FOR TRAINING AND COMPLIANCE WITH THE GENERAL COUNSEL. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PROCESS FOR DETERMINING THE COMPENSATION OF THE CEO AND TOP MANAGEMENT INCLUDES REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARATIVE DATA AND CONTEMPORANEOUS SUBSTANTIATION. THE BOARD REGULARLY RETAINS AN INDEPENDENT CONSULTING FIRM TO EVALUATE THE COMPENSATION OF THE CEO AND TOP MANAGEMENT AGAINST THE COMPETITIVE MARKET, INCLUDING COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS AS WELL AS BROADER, RELEVANT MARKET SURVEYS. BASED ON THAT ANALYSIS AND PERFORMANCE ASSESSMENTS AND THE REVIEW AND RECOMMENDATION OF THE BOARD'S EXECUTIVE COMMITTEE, THE FULL BOARD SETS THE CEO'S COMPENSATION, APPROVES OR AMENDS THE CEO'S RECOMMENDATION FOR THE COMPENSATION OF THE CFIO, AND REVIEWS OR AMENDS THE CEO'S RECOMMENDATION FOR THE COMPENSATION OF THE COO, GC, CHIEF MARKETING OFFICER, AND CHIEF RESEARCH OFFICER. THE CEO MAKES COMPENSATION DECISIONS FOR OTHER SENIOR LEVEL EMPLOYEES IN ACCORDANCE WITH AN OUTSIDE BI-ANNUAL BENCHMARK REVIEW. |
| FORM 990, PART VI, SECTION C, LINE 19 | TRUTH INITIATIVE'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS CORPORATE WEBSITE, WWW.TRUTHINITIATIVE.ORG. ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). |
| FORM 990, PART IX, LINE 11G | TELEPHONE & WIRELESS SERVICES: PROGRAM SERVICE EXPENSES 251,512. MANAGEMENT AND GENERAL EXPENSES 251,485. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 502,997. TEMPORARY SERVICES: PROGRAM SERVICE EXPENSES 35,570. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,570. CONSULTING: PROGRAM SERVICE EXPENSES 326,338. MANAGEMENT AND GENERAL EXPENSES 81,835. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 408,173. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 73,998,614. MANAGEMENT AND GENERAL EXPENSES 276,801. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,275,415. REFERRAL FEES: PROGRAM SERVICE EXPENSES 19,645. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,645. FULFILLMENT SERVICES: PROGRAM SERVICE EXPENSES 3,307. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,307. |
| 2022 FORM 990, SCHEDULE A - PART IV FACTS AND CIRCUMSTANCES ANALYSIS: | TRUTH INITIATIVE FOUNDATION D/B/A TRUTH INITIATIVE (TRUTH INITIATIVE) QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION UNDER ALL OF THE FACTS AND CIRCUMSTANCES BECAUSE (A) IT NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM GOVERNMENT UNITS, FROM DIRECT OR INDIRECT CONTRIBUTIONS FROM THE GENERAL PUBLIC, OR FROM A COMBINATION OF THESE SOURCES, UNDER THE STANDARDS SET FORTH IN REG. 1.170A-9(F)(3)(I) AND (II); AND (B) IT IS IN THE NATURE OF A PUBLICLY SUPPORTED ORGANIZATION TAKING INTO ACCOUNT THE FACTORS SET FORTH IN REG. 1.170-A-9(F)(3)(III) THROUGH (VII). A. TEN PERCENT SUPPORT LIMITATION. TRUTH INITIATIVE NORMALLY RECEIVES AT LEAST 10 PERCENT OF ITS TOTAL SUPPORT FROM PUBLIC SOURCES. AS SET FORTH IN SCHEDULE A, PART II, THE ORGANIZATION'S PUBLIC SUPPORT FOR TAXABLE YEARS 2018-2022 WAS 19%. ATTRACTION OF PUBLIC SUPPORT. TRUTH INITIATIVE MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM DESIGNED TO ATTRACT PUBLIC SUPPORT. THE TOTAL AMOUNT OF PUBLIC SUPPORT RAISED BY THE ORGANIZATION IN TAXABLE YEARS 2018-2022 AS A RESULT OF THESE EFFORTS WAS $21.2 MILLION. EXAMPLES OF EFFORTS TO ATTRACT PUBLIC SUPPORT DURING THE FIVE-YEAR TESTING PERIOD INCLUDE THE FOLLOWING: FEDERAL GOVERNMENT GRANTS AND CONTRACTS. TRUTH INITIATIVE MAINTAINS A BONA FIDE, CONTINUOUS AND SUCCESSFUL PROGRAM TO ATTRACT NEW AND ADDITIONAL FEDERAL GOVERNMENTAL SUPPORT. AS PART OF THIS PROGRAM, THE ORGANIZATION HAS DEDICATED STAFF IN BOTH ITS SCHROEDER RESEARCH INSTITUTE, INNOVATIONS, AND FINANCE DEPARTMENT TO ASSIST WITH APPLICATIONS FOR FEDERAL SUPPORT AND TO MANAGE GRANTS AND CONTRACTS THAT ARE AWARDED. FROM TAX YEAR 2018 THROUGH 2022, TRUTH INITIATIVE SUBMITTED 44 APPLICATIONS FOR FEDERAL GRANTS AND CONTRACTS. IN 2022 ALONE, WE SUBMITTED 9 APPLICATIONS FOR NATIONAL INSTITUTES OF HEALTH FUNDED GRANTS AND CONTRACTS TO SUPPORT OUR RESEARCH AND RELATED ACTIVITIES. ALL OF THESE APPLICATIONS WERE CONSISTENT WITH TRUTH INITIATIVE'S CHARITABLE PURPOSE OF MITIGATING THE TOLL OF DEATH AND DISEASE CAUSED BY THE TOBACCO EPIDEMIC. OVER THE FIVE-YEAR PERIOD, TRUTH INITIATIVE WAS AWARDED 13 FEDERAL GRANTS AND CONTRACTS FOR A TOTAL AMOUNT AWARDED OF $2,184,368. OTHER GRANTS. DURING THE FIVE-YEAR TESTING PERIOD, TRUTH INITIATIVE ALSO SUBMITTED FUNDING PROPOSALS TO A NUMBER OF OTHER ENTITIES. THE ORGANIZATION RECEIVED 15 AWARDS FOR A TOTAL AMOUNT AWARDED OF $9,952,095. IN THE CURRENT TAXABLE YEAR THIS INCLUDED SUPPORT FROM CVS HEALTH FOUNDATION AND EAST BAY COMMUNITY FOUNDATION. B. PERCENTAGE OF FINANCIAL SUPPORT. TRUTH INITIATIVE WAS ESTABLISHED IN 1999 PURSUANT TO THE TERMS OF THE MASTER SETTLEMENT AGREEMENT NEGOTIATED BY THE ATTORNEYS GENERAL OF 46 STATES, THE DISTRICT OF COLUMBIA AND FIVE U.S. TERRITORIES IN SETTLEMENT OF CIVIL ACTIONS FILED AGAINST THE MAJOR U.S. TOBACCO COMPANIES FOR DAMAGES DUE TO THE HARMFUL EFFECTS OF TOBACCO. THE STATES REQUESTED THAT A PORTION OF THE FUNDS THEY RECEIVED FROM THE TOBACCO INDUSTRY BE USED TO ESTABLISH AND FUND AN ORGANIZATION PRIMARILY DEDICATED TO STUDYING AND PROVIDING PUBLIC EDUCATION ABOUT THE IMPACT OF TOBACCO IN ORDER TO REDUCE ITS USE AND ASSOCIATED DEATH AND DISEASE. THE ORGANIZATION ALSO RECEIVED FUNDING FROM A SIMILAR SETTLEMENT AGREEMENT ENTERED INTO BETWEEN THE STATES AND THE SMOKELESS TOBACCO COMPANIES. EARLY ON TRUTH INITIATIVE'S BOARD OF DIRECTORS VOTED TO ALLOCATE A SIGNIFICANT PORTION OF THE SETTLEMENT FUNDS RECEIVED FROM 1999 2003 FOR LONG-TERM INVESTMENTS (RESERVE FUND), WHICH OPERATES LIKE A QUASI-ENDOWMENT TO SUPPORT FUTURE CHARITABLE AND EDUCATIONAL ACTIVITIES IN THE YEARS AFTER THE SETTLEMENT PAYMENTS WOULD CEASE. THE ORGANIZATION'S LONG-TERM INVESTMENTS (RESERVE FUND) AT JUNE 30, 2023 WAS $641 MILLION. UNDER THE TERMS OF THE SETTLEMENT AGREEMENTS, THE LAST OF THE NORMALLY SCHEDULED PAYMENTS WERE RECEIVED DURING ITS 2007 TAXABLE YEAR (ENDING JUNE 30, 2008). SINCE THAT TIME, BECAUSE OF THE CESSATION OF THE SETTLEMENT PAYMENTS, TRUTH INITIATIVE HAS RECEIVED AN INCREASINGLY HIGH PERCENTAGE OF ITS TOTAL SUPPORT FROM INVESTMENT INCOME ON ITS LONG-TERM INVESTMENTS (RESERVE FUND) AND ITS PUBLIC SUPPORT PERCENTAGE HAS DECLINED SUBSTANTIALLY SO THAT BEGINNING WITH THE 2012 TAXABLE YEAR THE ORGANIZATION FOR THE FIRST TIME NO LONGER QUALIFIED UNDER THE 33 1/3 PERCENT OF SUPPORT TEST DURING THE FIVE-YEAR TESTING PERIOD. HOWEVER, WERE IT NOT FOR THE LARGE AMOUNT OF GROSS INVESTMENT INCOME GENERATED BY THE RESERVE FUND, THE ORGANIZATION'S PUBLIC SUPPORT OF $21.2 MILLION WOULD EASILY ALLOW IT TO QUALIFY AS A PUBLICLY SUPPORTED ORGANIZATION. AS SET FORTH IN REG. 1.170A-9(F)(3)(III), THE FACT THAT TRUTH INITIATIVE'S PUBLIC SUPPORT PERCENTAGE IS LOW BECAUSE A HIGH PERCENTAGE OF ITS TOTAL SUPPORT COMES FROM INVESTMENT INCOME ON ITS LONG-TERM INVESTMENTS (RESERVE FUND) IS EVIDENCE OF ORGANIZATIONAL COMPLIANCE WITH THE FACTS AND CIRCUMSTANCES TEST. REPRESENTATIVE GOVERNING BODY. TRUTH INITIATIVE HAS A GOVERNING BODY WHICH REPRESENTS THE BROAD INTERESTS OF THE PUBLIC, OTHER THAN THE PERSONAL OR PRIVATE INTERESTS OF A LIMITED NUMBER OF DONORS. UNDER THE ORGANIZATION'S BYLAWS, THE ELEVEN-PERSON BOARD OF DIRECTORS CONSISTS OF TWO DIRECTORS APPOINTED BY EACH OF THE NATIONAL ASSOCIATION OF ATTORNEYS GENERAL, THE NATIONAL GOVERNORS ASSOCIATION, AND THE NATIONAL CONFERENCE OF STATE LEGISLATURES FROM AMONG THEIR MEMBERS. AS OF THE END OF THE REPORTING YEAR, THESE DIRECTORS (CLASS A DIRECTORS) INCLUDED THE GOVERNORS OF UTAH AND MAINE, THE ATTORNEYS GENERAL OF NORTH CAROLINA AND SOUTH DAKOTA, A STATE REPRESENTATIVE FROM UTAH AND A STATE ASSEMBLYMAN FROM NEW JERSEY. THE CLASS A DIRECTORS ELECT BY MAJORITY VOTE THE REMAINING FIVE DIRECTORS, THE CLASS B DIRECTORS. THE BYLAWS PROVIDE THAT ONE OF THE CLASS B DIRECTORS SHALL HAVE EXPERTISE IN PUBLIC HEALTH ISSUES AND FOUR DIRECTORS SHALL HAVE EXPERTISE IN MEDICAL, CHILD PSYCHOLOGY, OR PUBLIC HEALTH DISCIPLINES. AS OF THE END OF THE REPORTING YEAR, CLASS B DIRECTORS INCLUDED THE EXECUTIVE DIRECTOR OF THE AMERICAN PUBLIC HEALTH ASSOCIATION AND THE CHIEF EXECUTIVE OFFICER OF THE AMERICAN HEART ASSOCIATION. RECENT FORMER CLASS B DIRECTORS INCLUDE THE PRESIDENT OF THE SOUTHERN CALIFORNIA REGION, KAISER FOUNDATION HEALTH PLAN AND HOSPITALS, THE THEN-ASSOCIATE DEAN FOR PUBLIC HEALTH PRACTICE AT THE HARVARD SCHOOL OF PUBLIC HEALTH, A FORMER PRESIDENT OF THE AMERICAN MEDICAL ASSOCIATION, AN IMMEDIATE PAST PRESIDENT OF THE AMERICAN CANCER SOCIETY, AND A DISTINGUISHED PROFESSOR OF HEALTH AND HEALTH CARE AT THE DEPARTMENT OF MEDICINE OF THE UNIVERSITY OF CALIFORNIA, SAN FRANCISCO. THERE ARE ALSO TWO YOUTH LIAISONS TO THE BOARD OF DIRECTORS WHO MAY CAST NON-BINDING ADVISORY VOTES. |
| 2021 FORM 990, SCHEDULE A - PART IV FACTS AND CIRCUMSTANCES ANALYSIS (CONT) | AVAILABILITY OF PUBLIC FACILITIES AND SERVICES; PUBLIC PARTICIPATION IN PROGRAMS. TRUTH INITIATIVE PROVIDES FACILITIES AND SERVICES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUING BASIS. THE ORGANIZATION'S TRUTH CAMPAIGN, BEGUN IN 2000, IS THE LARGEST NATIONAL YOUTH SMOKING PREVENTION CAMPAIGN EVER UNDERTAKEN IN THIS COUNTRY; ITS AWARD-WINNING ADVERTISEMENTS, GRASS ROOTS TOURS AND APPEARANCES, SOCIAL MEDIA AND OTHER ON-LINE MEDIA COMMUNICATIONS HAVE PROVIDED THE FACTS TO MILLIONS OF TEENS ABOUT TOBACCO USE AND INDUSTRY MARKETING TACTICS AND HAS BEEN CREDITED WITH A SIGNIFICANT DECLINE IN YOUTH SMOKING RATES. IN THE SUMMER OF 2014, TRUTH INITIATIVE LAUNCHED A REDESIGNED AND UPDATED VERSION OF THE TRUTH CAMPAIGN ACROSS MULTIPLE, NATIONAL MEDIA PLATFORMS INCLUDING TELEVISION, SOCIAL MEDIA, ON-LINE AS WELL AS A GRASS ROOTS COMPONENT. THE ORGANIZATION COMMITTED TO SUPPORTING THE CAMPAIGN WITH A SUBSTANTIAL INVESTMENT OF $200 MILLION OVER THREE YEARS THROUGH ITS 2016 TAX YEAR AND HAS RENEWED A SUBSTANTIAL FUNDING COMMITMENT FOR THE CAMPAIGN FOR TAX YEARS BEYOND THAT INCLUDING TAX YEARS 2017 AND 2018. THE CAMPAIGN IS REACHING MILLIONS OF YOUTH AND AFFECTING THEIR ATTITUDES ABOUT TOBACCO AND THEIR INTENTIONS TO SMOKE. IN 2008, TRUTH INITIATIVE AND A COALITION OF PUBLIC HEALTH GROUPS AND STATE PUBLIC HEALTH DEPARTMENTS BEGAN BECOME AN EX, AN INNOVATIVE SMOKING CESSATION CAMPAIGN AND WEBSITE FOR ADULT SMOKERS WHO ARE READY TO QUIT BUT NEED HELP. THE WEBSITE INCLUDES A COMMUNITY WHERE, AT NO CHARGE, SMOKERS CAN PROVIDE AND RECEIVE SUPPORT AS WELL AS A COMPANION TEXT MESSAGING PROGRAM TO OFFER TAILORED CESSATION RESOURCES. THE SITE PROTOCOL WAS DEVELOPED IN CONJUNCTION WITH THE MAYO CLINIC AND MAYO CLINIC STAFF PROVIDE CLINICAL SUPPORT IN THE FORM OF ONLINE INTERACTION WITH THE COMMUNITY. WE CONTINUE TO SUPPORT THE BECOMEANEX.ORG WEB SITE AND THE EX COMMUNITY THROUGH EARNED MEDIA AND PAID ONLINE ADVERTISING. BEGINNING IN 2016, WE HAVE BEGUN AN EFFORT TO PROVIDE EX AS A SMOKING CESSATION SOLUTION FOR EMPLOYERS, HEALTH PLANS AND OTHER PAYORS. THIS HAS INCLUDED A SUBSTANTIAL OVERHAUL OF THE TECHNICAL CAPABILITIES OF THE SITE, WHICH IS STILL PROVIDED FREE OF CHARGE TO THE GENERAL PUBLIC. OUR HOPE IS THIS WILL PROVIDE A STREAM OF MISSION RELATED REVENUE TO SUPPORT AND SUSTAIN EX AND OTHER TRUTH INITIATIVE PROGRAMMING. DURING FY23, FEE REVENUE FROM THIS SERVICE WAS $954,744. IN 2019, TRUTH INITIATIVE DEVELOPED THIS IS QUITTING, A FIRST OF ITS KIND YOUTH VAPING CESSATION PROGRAM. SINCE ITS INCEPTION, MORE THAN 630,000 YOUTH AND YOUNG ADULTS HAVE SIGNED UP FOR THE SERVICE. ITS EFFECTIVENESS WAS DEMONSTRATED IN A RANDOMIZED CLINICAL TRIAL AMONG YOUNG ADULTS AGES 18-24. A RANDOMIZED TRIAL AMONG TEENS AGES 13-17 IS ONGOING. THE PROGRAM GENERATED $500,494 IN REVENUE IN FY23 THROUGH CONTRACTS WITH STATES, HEALTH PLANS, AND OTHER YOUTH-SERVING ORGANIZATIONS. IN TAX YEAR 2019, AND CONTINUING THROUGH TAX YEAR 2022, TRUTH INITIATIVE INITIATED A PROGRAM IN WHICH IT PROVIDES GRANTS AND TECHNICAL ASSISTANCE TO COMMUNITY COLLEGES AND HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCU'S). IN 2022, WE EXPANDED OUR PROGRAM TO INCLUDE ANY COLLEGE AND UNIVERSITY WITH THE GOAL OF SUPPORTING THE ESTABLISHMENT OF TOBACCO-FREE POLICIES AT THESE INSTITUTIONS WHICH SERVE LARGE NUMBERS OF YOUNG ADULTS FROM LOW-INCOME AND MINORITY COMMUNITIES. IN FIVE YEARS OF THIS PROGRAM, THROUGH TAX YEAR 2022 TRUTH INITIATIVE HAS AWARDED MORE THAN $2.1 MILLION IN GRANTS TO THESE SCHOOLS. TRUTH INITIATIVE'S YOUTH ACTIVISM PROGRAMS ALSO REACH OUT TO TEENS AND YOUNG ADULTS TO EDUCATE THEM ABOUT THE DANGERS OF TOBACCO AND HELP THEM BECOME CHANGE AGENTS IN THEIR COMMUNITIES. DURING TAX YEARS 2016 THROUGH 2018, THIS PROGRAM WAS SUPPORTED BY $2.3 MILLION IN GRANT FUNDING PROVIDED BY THE CVS FOUNDATION. IN TAX YEAR 2022, WE DIRECTLY REACHED OVER 50,000 TEENS AND YOUNG ADULTS AND, THROUGH OUR COMMUNITY LEADERS, TRUTH COLLEGE LEADERS, TRAINING TEAM, AND TRUTH AMBASSADORS PROVIDED TRAINING AND TECHNICAL ASSISTANCE TO OVER 105 YOUTH LEADERS IN CONNECTION WITH PLANNING AND EXECUTING SCHOOL AND COMMUNITY-BASED PROJECTS TO HIGHLIGHT THE TOLL OF TOBACCO AND RECRUIT THEIR PEERS. IN 2020, TRUTH INITIATIVE LAUNCHED A MIDDLE AND HIGH SCHOOL CURRICULUM TO HELP PREVENT STUDENTS FROM VAPING. SINCE THE LAUNCH OF THIS PROGRAM THROUGH THE END OF 2022 7,791 SCHOOLS, 615,885 STUDENTS ENGAGED WITH THE PROGRAM. TRUTH INITIATIVE ALSO SUPPORTS AND CONDUCTS RESEARCH ON THE CAUSES OF TOBACCO ADDICTION AND METHODS FOR PREVENTING AND TREATING TOBACCO DEPENDENCE ACROSS THE AGE SPECTRUM. TRUTH REGULARLY PUBLISHES SCHOLARLY STUDIES TO HELP DISSEMINATE THE RESULTS OF THIS RESEARCH THROUGHOUT THE PUBLIC HEALTH AND BROADER SCIENTIFIC COMMUNITIES. FORTY-THREE ARTICLES WERE PUBLISHED IN BETWEEN JULY 2022 AND JUNE 2023. THESE MANUSCRIPTS WERE PUBLISHED IN VARIOUS JOURNALS INCLUDING ADDICTION, AMERICAN JOURNAL OF PREVENTIVE MEDICINE, BMC PUBLIC HEALTH, DIGITAL HEALTH, DRUG AND ALCOHOL DEPENDENCE, FRONTIERS IN PUBLIC HEALTH, HEALTH EDUCATION & BEHAVIOR, INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH, JMIR FORMATIVE RESEARCH, JOURNAL OF MEDICAL INTERNET RESEARCH, JOURNAL OF PUBLIC HEALTH MANAGEMENT & PRACTICE, JOURNAL OF SURVEY STATISTICS AND METHODOLOGY, MORBIDITY AND MORTALITY WEEKLY REPORT, NICOTINE AND TOBACCO RESEARCH, PLOS ONE, PREVENTIVE MEDICINE REPORTS, SOCIAL MEDIA + SOCIETY, SUBSTANCE USE & MISUSE, THE NEW ENGLAND JOURNAL OF MEDICINE, TOBACCO CONTROL, AND TOBACCO PREVENTION & CESSATION. |