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Verdad Foundation

H A Iii & Karen True Ttee

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$605k (2025)

Expenses
$719k (2025)

Total Assets
$4.29M (2025)

Total Liabilities
$6.33k (2025)

Years with missing data
Source: Form 990 tax filings from 2011 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$604,523
Expenses
$718,649
Net Income
-$114,126
Net Assets
$4,279,183
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $127,534
21.1%
Sales of Assets $476,989
78.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $702,300
97.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,285,514
Total Liabilities $6,331
Net Assets $4,279,183
Compensation
Key Employees and Officers Compensation Other
H A True Iii (Trustee) $0 $0
Karen S True (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,648,131
Expenses
$1,181,789
Net Income
$466,342
Net Assets
$4,393,309
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,500,000
91.0%
Interest Revenue $0
Dividends $115,401
7.0%
Sales of Assets $32,730
2.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,172,467
99.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,393,626
Total Liabilities $317
Net Assets $4,393,309
Compensation
Key Employees and Officers Compensation Other
H A True Iii (Trustee) $0 $0
Karen S True (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$121,097
Expenses
$236,551
Net Income
-$115,454
Net Assets
$3,926,967
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $70,442
58.2%
Sales of Assets $50,655
41.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $230,417
97.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,926,967
Total Liabilities $0
Net Assets $3,926,967
Compensation
Key Employees and Officers Compensation Other
H A True Iii (Trustee) $0 $0
Karen S True (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$290,883
Expenses
$262,455
Net Income
$28,428
Net Assets
$4,042,421
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $84,151
28.9%
Sales of Assets $206,732
71.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $253,600
96.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,042,421
Total Liabilities $0
Net Assets $4,042,421
Compensation
Key Employees and Officers Compensation Other
H A True Iii (Trustee) $0 $0
Karen S True (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$551,754
Expenses
$171,818
Net Income
$379,936
Net Assets
$4,013,993
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $71,180
12.9%
Sales of Assets $480,552
87.1%
Other Income $22
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $159,700
92.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,017,800
Total Liabilities $3,807
Net Assets $4,013,993
Compensation
Key Employees and Officers Compensation Other
H A True Iii (Trustee) $0 $0
Karen S True (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$192,417
Expenses
$143,735
Net Income
$48,682
Net Assets
$3,634,057
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $69,316
36.0%
Sales of Assets $123,101
64.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $135,950
94.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,634,057
Total Liabilities $0
Net Assets $3,634,057

Document Links

Fiscal Year Ending June
2019

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$140,288
Expenses
$210,025
Net Income
-$69,737
Net Assets
$3,609,191
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $42,155
30.0%
Sales of Assets $98,133
70.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $200,500
95.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,609,191
Total Liabilities $0
Net Assets $3,609,191

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$191,616
Expenses
$209,583
Net Income
-$17,967
Net Assets
$3,678,928
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $48,429
25.3%
Sales of Assets $143,187
74.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $201,619
96.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,678,928
Total Liabilities $0
Net Assets $3,678,928

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$97,825
Expenses
$191,662
Net Income
-$93,837
Net Assets
$3,696,895
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $36,347
37.2%
Sales of Assets $61,478
62.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $181,505
94.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,696,895
Total Liabilities $0
Net Assets $3,696,895

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,018,932
Expenses
$116,109
Net Income
$902,823
Net Assets
$3,790,732
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
98.1%
Interest Revenue $0
Dividends $10,872
1.1%
Sales of Assets $8,060
0.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $108,400
93.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,790,732
Total Liabilities $0
Net Assets $3,790,732

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$553,192
Expenses
$131,940
Net Income
$421,252
Net Assets
$2,887,909
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $535,000
96.7%
Interest Revenue $0
Dividends $11,626
2.1%
Sales of Assets $6,566
1.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $123,660
93.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,887,909
Total Liabilities $0
Net Assets $2,887,909

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,500,599
Expenses
$29,664
Net Income
$1,470,935
Net Assets
$2,466,657
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,500,000
100.0%
Interest Revenue $0
Dividends $599
0.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $21,350
72.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,466,657
Total Liabilities $0
Net Assets $2,466,657

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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