Truth Initiative Foundation

Truth Initiative

Washington, DC
Tax-exempt since March 1999
EIN: 91-1956621

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Type of Nonprofit

Designated as a 501(c)(3) 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: Mental Health, Crisis Intervention / Alcohol, Drug Abuse, Prevention Only (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$73.1M (2024)

Expenses

$107M (2024)

Total Assets

$712M (2024)

Total Liabilities

$108M (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

Revenue

$73,144,611

Expenses

$107,342,211

Net Income

-$34,197,600

Net Assets

$603,750,615

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,075,795	6.9%
Program Services	$1,491,288	2.0%
Investment Income	$16,159,756	22.1%
Bond Proceeds	$0
Royalties	$124	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$50,417,648	68.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,482,328	2.3%
Professional Fundraising Fees	$61,140	0.1%
Other Salaries and Wages	$17,966,092	16.7%

Assets/Debt
Total Assets	$711,724,975
Total Liabilities	$107,974,360
Net Assets	$603,750,615

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robin Koval (President & Ceo Thru 10/2023)	$929,147	$0	$53,517
Anthony T O'toole (Evp/Cfio)	$581,069	$0	$166,497
Elizabeth Kenny (Chief Mktg & Strat Off.)	$442,674	$0	$79,448
Robert Falk (Gen. Counsel/Corp. Secretary)	$370,526	$0	$79,422
Patricia Kenney (Chief Communications Officer)	$342,953	$0	$90,942
Ralph Logan (Senior Vice President, Marketing)	$336,275	$0	$56,255
Amanda Graham (Chief Of Innovations & Research)	$323,657	$0	$56,182
Barbara Schillo (Chief Research Officer)	$307,572	$0	$82,437
Anna Spriggs (Chief Of Human Resources & Admin.)	$304,328	$0	$69,420
M David Dobbins (Former Coo)	$177,014	$0	$47,911
Donna Vallone (Former Chief Research Officer)	$165,608	$0	$24,828
Kathleen Crosby (President & Ceo)	$119,715	$0	$11,285
Hon Mike Moore (Chair Since 5/2017)	$0	$0	$0
Nancy Brown (Vice Chair Since 12/2017)	$0	$0	$0
Hon Josh Stein (Treasurer Thru 5/2024)	$0	$0	$0
Mary T Bassett Md Mph (Director)	$0	$0	$0
Georges C Benjamin Md (Director Thru 2/2024)	$0	$0	$0
Hon Herb Conaway Md (Director Thru 2/2024)	$0	$0	$0
Hon Spencer J Cox (Director)	$0	$0	$0
Hon James Dunnigan (Director)	$0	$0	$0
Howard K Koh Md Mph (Director)	$0	$0	$0
Hon Martin Jackley (Director)	$0	$0	$0
Janet T Mills (Director)	$0	$0	$0
Steve Oyer (Director)	$0	$0	$0

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990

Filed on Oct. 30, 2024

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Fiscal Year Ending June
2023

Revenue

$59,245,878

Expenses

$116,909,770

Net Income

-$57,663,892

Net Assets

$653,716,534

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,485,934	5.9%
Program Services	$1,073,891	1.8%
Investment Income	$16,908,105	28.5%
Bond Proceeds	$0
Royalties	$1,854	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$35,161,094	59.3%
Net Inventory Sales	$0
Other Revenue	$2,615,000	4.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,557,931	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,233,625	14.7%

Assets/Debt
Total Assets	$764,347,458
Total Liabilities	$110,630,924
Net Assets	$653,716,534

Compensation

Key Employees and Officers	Compensation	Related	Other
Robin Koval (President & Ceo)	$1,096,536	$0	$143,775
Anthony T O'toole (Evp/Cfio)	$831,350	$0	$160,633
Donna Vallone (Chief Research Officer Thru 4/2022)	$561,992	$0	$91,376
M David Dobbins (Coo Thru 8/2022)	$527,122	$0	$51,293
Robert Falk (Gen. Counsel/Corp. Secretary)	$476,407	$0	$75,817
Patricia Kenney (Chief Communications Officer)	$411,917	$0	$86,307
Ralph Logan (Senior Vice President, Marketing)	$362,137	$0	$53,270
Amanda Graham (Chief Of Innovations & Research)	$351,808	$0	$55,867
Anna Spriggs (Chief Of Human Resources & Admin.)	$335,048	$0	$68,013
Amy Taylor (Chief Of Community Engagement)	$329,803	$0	$72,119
Elizabeth Kenny (Chief Mktg & Strat Off. Thru 1/2022)	$174,895	$0	$8,343
Hon Mike Moore (Chair Since 5/2017)	$0	$0	$0
Nancy Brown (Vice Chair Since 12/2017)	$0	$0	$0
Hon Josh Stein (Treasurer Since 01/2023)	$0	$0	$0
Hon Doug Peterson (Treasurer Thru 01/2023)	$0	$0	$0
Mary T Bassett Md Mph (Director)	$0	$0	$0
Georges C Benjamin Md (Director)	$0	$0	$0
Hon Herb Conaway Md (Director)	$0	$0	$0
Hon James Dunnigan (Director)	$0	$0	$0
Hon Spencer J Cox (Director)	$0	$0	$0
Steve Oyer (Director)	$0	$0	$0
Janet T Mills (Director)	$0	$0	$0
Hon Martin Jackley (Director)	$0	$0	$0

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990

Filed on Nov. 1, 2023

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Fiscal Year Ending June
2022

Revenue

$111,718,749

Expenses

$118,089,967

Net Income

-$6,371,218

Net Assets

$726,154,919

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$7,379,137	6.6%
Program Services	$698,924	0.6%
Investment Income	$19,376,575	17.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$84,264,113	75.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,070,322	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,358,475	13.9%

Assets/Debt
Total Assets	$833,593,516
Total Liabilities	$107,438,597
Net Assets	$726,154,919

Compensation

Key Employees and Officers	Compensation	Related	Other
Robin Koval (President & Ceo)	$798,872	$0	$140,130
Anthony T O'toole (Evp/Cfio)	$566,928	$0	$164,887
Donna Vallone (Chief Research Officer)	$428,222	$0	$89,880
Eric Asche (Chief Mktg & Strategy Officer)	$423,311	$0	$96,171
M David Dobbins (Coo)	$418,587	$0	$111,921
Robert Falk (Gen. Counsel/Corp. Secretary)	$337,445	$0	$75,449
Patricia Kenney (Chief Communications Officer)	$325,825	$0	$84,371
Ralph Logan (Senior Vice President, Marketing)	$310,985	$0	$71,671
Amanda Graham (Chief Of Innovations & Research)	$309,824	$0	$55,499
Anna Spriggs (Chief Of Human Resources & Admin)	$291,017	$0	$67,380
Hon Mike Moore (Chair Since 05/2017)	$0	$0	$0
Nancy Brown (Vice Chair Since 12/2017)	$0	$0	$0
Hon Doug Peterson (Treasurer Since 05/2017)	$0	$0	$0
Mary T Bassett Md Mph (Director)	$0	$0	$0
Georges C Benjamin Md (Director)	$0	$0	$0
Hon Herb Conaway Md (Director)	$0	$0	$0
Hon James Dunnigan (Director)	$0	$0	$0
Hon Spencer J Cox (Director)	$0	$0	$0
Steve Oyer (Director)	$0	$0	$0
Hon Josh Stein (Director)	$0	$0	$0
Howard K Koh Md Mph (Director)	$0	$0	$0
Janet T Mills (Director Thru 1/2022)	$0	$0	$0
Hon Mike Dewine (Director Thru 1/2022)	$0	$0	$0

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990

Filed on Oct. 31, 2022

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Fiscal Year Ending June
2021

Revenue

$92,158,475

Expenses

$98,704,313

Net Income

-$6,545,838

Net Assets

$893,994,631

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,033,285	5.5%
Program Services	$479,012	0.5%
Investment Income	$12,324,495	13.4%
Bond Proceeds	$0
Royalties	$350	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$74,321,333	80.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,007,340	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,687,546	14.9%

Assets/Debt
Total Assets	$1,008,096,015
Total Liabilities	$114,101,384
Net Assets	$893,994,631

Compensation

Key Employees and Officers	Compensation	Related	Other
Robin Koval (President & Ceo)	$1,033,491	$0	$153,880
Anthony T O'toole (Evp/Cfio)	$798,910	$0	$167,330
M David Dobbins (Coo)	$563,011	$0	$123,721
Eric Asche (Chief Mktg & Strategy Officer)	$521,263	$0	$107,921
Donna Vallone (Chief Research Officer)	$509,491	$0	$101,630
Robert Falk (Gen. Counsel/Corp. Secretary)	$361,180	$0	$83,097
Patricia Kenney (Chief Communications Officer)	$350,668	$0	$89,953
Amanda Graham (Chief Of Innovations & Research Investigator)	$329,035	$0	$60,656
Anna Spriggs (Chief Of Human Resources & Administration)	$318,871	$0	$71,442
Amy Taylor (Chief Community & Youth Engagement)	$311,157	$0	$74,632
Hon Mike Moore (Chair Since 05/2017)	$0	$0	$0
Nancy Brown (Vice Chair Since 12/2017)	$0	$0	$0
Hon Doug Peterson (Treasurer Since 05/2017)	$0	$0	$0
Mary T Bassett Md Mph (Director)	$0	$0	$0
Georges C Benjamin Md (Director)	$0	$0	$0
Hon Herb Conaway Md (Director)	$0	$0	$0
Hon James Dunnigan (Director)	$0	$0	$0
Hon Mike Dewine (Director)	$0	$0	$0
Steve Oyer (Director)	$0	$0	$0
Hon Gina Raimondo (Director (Term Ended Jan'21))	$0	$0	$0
Hon Josh Stein (Director)	$0	$0	$0
Janet T Mills (Director)	$0	$0	$0

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990

Filed on Oct. 27, 2021

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Audit

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Fiscal Year Ending June
2020

Revenue

$57,705,985

Expenses

$109,295,633

Net Income

-$51,589,648

Net Assets

$771,848,236

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,179,561	5.5%
Program Services	$232,217	0.4%
Investment Income	$16,177,827	28.0%
Bond Proceeds	$0
Royalties	$924	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$38,114,026	66.0%
Net Inventory Sales	$0
Other Revenue	$1,430	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,930,297	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,480,038	14.2%

Assets/Debt
Total Assets	$853,605,796
Total Liabilities	$81,757,560
Net Assets	$771,848,236

Compensation

Key Employees and Officers	Compensation	Related	Other
Robin Koval (President & Ceo)	$740,620	$0	$152,246
Anthony T O'toole (Evp/Cfio)	$519,976	$0	$164,157
Donna Vallone (Chief Research Officer)	$408,373	$0	$99,946
Eric Asche (Chief Mktg & Strategy Officer)	$400,659	$0	$105,998
M David Dobbins (Coo)	$394,655	$0	$121,698
Robert Falk (Gen. Counsel/Corp. Secretary)	$294,890	$0	$86,863
Patricia Kenney (Chief Communications Officer)	$293,946	$0	$93,748
Amanda Graham (Chief Of Innovations & Research Investigator)	$289,013	$0	$61,813
Anna Spriggs (Chief Of Human Resources & Admin)	$279,355	$0	$77,424
Amy Taylor (Chief Community & Youth Engagement)	$267,957	$0	$79,639
Hon Mike Moore (Chair Since 05/2017)	$0	$0	$0
Nancy Brown (Vice Chair Since 12/2017)	$0	$0	$0
Hon Doug Peterson (Treasurer Since 05/2017)	$0	$0	$0
Mary T Bassett Md Mph (Director)	$0	$0	$0
Georges C Benjamin Md (Director)	$0	$0	$0
Hon Herb Conaway Md (Director)	$0	$0	$0
Hon James Dunnigan (Director)	$0	$0	$0
Hon Gary R Herbert (Director Thru 09/30/2019)	$0	$0	$0
Hon Mike Dewine (Director)	$0	$0	$0
Steve Oyer (Director)	$0	$0	$0
Hon Gina Raimondo (Director)	$0	$0	$0
Hon Josh Stein (Director)	$0	$0	$0

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990

Filed on Nov. 3, 2020

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990-T

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Fiscal Year Ending June
2019

Revenue

$98,736,487

Expenses

$104,980,089

Net Income

-$6,243,602

Net Assets

$840,470,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,145,333	3.2%
Program Services	$98,428	0.1%
Investment Income	$16,787,949	17.0%
Bond Proceeds	$0
Royalties	$72,467	0.1%
Rental Property Income	$185,110	0.2%
Net Fundraising	$0
Sales of Assets	$78,428,688	79.4%
Net Inventory Sales	$0
Other Revenue	$18,512	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,904,226	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,189,690	13.5%

Assets/Debt
Total Assets	$922,385,220
Total Liabilities	$81,914,566
Net Assets	$840,470,654

Compensation

Key Employees and Officers	Compensation	Related	Other
Robin Koval (President & Ceo)	$729,443	$0	$151,059
Anthony T O'toole (Evp/Cfio)	$520,808	$0	$161,520
Donna Vallone (Chief Research Officer)	$405,149	$0	$93,709
Eric Asche (Chief Mktg & Strategy Officer)	$395,861	$0	$104,656
M David Dobbins (Coo)	$391,428	$0	$120,306
Amanda Graham (Svp, Innovations)	$288,559	$0	$60,420
Anna Spriggs (Chief Of Human Resources & Admin)	$274,248	$0	$78,943
Robert Falk (Gen. Counsel/Corp. Secretary)	$273,059	$0	$49,145
Patricia Kenney (Chief Communications Officer)	$266,316	$0	$78,390
Amy Taylor (Svp, Community & Youth Engagement)	$253,141	$0	$76,863
Hon Mike Moore (Chair Since 05/2017)	$0	$0	$0
Nancy Brown (Vice Chair Since 12/2017)	$0	$0	$0
Hon Doug Peterson (Treasurer Since 05/2017)	$0	$0	$0
Mary T Bassett Md Mph (Director)	$0	$0	$0
Georges C Benjamin Md (Director)	$0	$0	$0
Hon Herb Conaway Md (Director)	$0	$0	$0
Hon James Dunnigan (Director)	$0	$0	$0
Hon Gary R Herbert (Director)	$0	$0	$0
Steve Oyer (Director)	$0	$0	$0
Hon Gina Raimondo (Director)	$0	$0	$0
Hon Josh Stein (Director)	$0	$0	$0

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990

Filed on Nov. 6, 2019

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Audit

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Fiscal Year Ending June
2018

Revenue

$70,169,506

Expenses

$117,013,813

Net Income

-$46,844,307

Net Assets

$903,938,189

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,624,532	3.7%
Program Services	$35,732	0.1%
Investment Income	$17,879,879	25.5%
Bond Proceeds	$0
Royalties	$56,526	0.1%
Rental Property Income	$2,417,154	3.4%
Net Fundraising	$0
Sales of Assets	$47,106,521	67.1%
Net Inventory Sales	$0
Other Revenue	$49,162	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,906,888	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,184,921	10.4%

Assets/Debt
Total Assets	$992,475,517
Total Liabilities	$88,537,328
Net Assets	$903,938,189

Compensation

Key Employees and Officers	Compensation	Related	Other
Robin Koval (President & Ceo)	$929,173	$0	$149,270
Anthony T O'toole (Evp/Cfio)	$718,415	$0	$173,616
David Abrams (Exec Director Thru 08/2017)	$595,012	$0	$53,013
Ellen Vargyas (Gen. Counsel/Corp Sec Thru 12/2017)	$508,596	$0	$49,719
M David Dobbins (Coo)	$499,243	$0	$123,140
Eric Asche (Chief Mktg & Strategy Officer)	$461,981	$0	$102,540
Donna Vallone (Chief Research Officer)	$383,615	$0	$91,870
Amanda Graham (Svp, Innovations)	$287,141	$0	$59,669
Willian Furmanski (Svp, Communications Thru 09/2017)	$275,351	$0	$42,366
Patricia Kenney (Chief Communications Officer)	$272,793	$0	$70,821
Anna Spriggs (Chief Of Human Resources & Admin)	$266,098	$0	$80,102
Raymond Niaura (Director Of Science Thru 08/2017)	$250,885	$0	$43,991
Amy Taylor (Svp, Community & Youth Engagement)	$248,257	$0	$74,741
Robert Falk (Gen. Counsel/Corp. Secretary)	$30,402	$0	$1,220
Hon Mike Moore (Chair Since 05/2017)	$0	$0	$0
Hon Tom Miller (Chair Until 07/2017)	$0	$0	$0
Nancy Brown (Vice Chair Since 12/2017)	$0	$0	$0
M Cass Wheeler (Vice Chair Until 09/17)	$0	$0	$0
Hon Doug Peterson (Treasurer Since 05/2017)	$0	$0	$0
Mary T Bassett Md Mph (Director)	$0	$0	$0
Georges C Benjamin Md (Director)	$0	$0	$0
Hon Herb Conaway Md (Director)	$0	$0	$0
Hon Kemp Hannon (Director)	$0	$0	$0
Hon Gary R Herbert (Director)	$0	$0	$0
Hon George Jepsen (Director)	$0	$0	$0
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990

Filed on Nov. 8, 2018

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2017

Revenue

$67,533,533

Expenses

$113,822,409

Net Income

-$46,288,876

Net Assets

$936,604,780

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,203,950	4.7%
Program Services	$1,995	0.0%
Investment Income	$16,319,950	24.2%
Bond Proceeds	$0
Royalties	$49,081	0.1%
Rental Property Income	$2,224,390	3.3%
Net Fundraising	$0
Sales of Assets	$45,733,977	67.7%
Net Inventory Sales	$0
Other Revenue	$190	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,642,162	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,114,776	10.6%

Assets/Debt
Total Assets	$1,019,042,166
Total Liabilities	$82,437,386
Net Assets	$936,604,780

Compensation

Key Employees and Officers	Compensation	Related	Other
Robin Koval (President & Ceo)	$622,033	$0	$138,520
Anthony T O'toole (Cfio)	$471,767	$0	$152,482
David Abrams (Exec Director (Shroeder Inst))	$438,307	$0	$81,070
M David Dobbins (Coo)	$351,782	$0	$102,340
Ellen Vargyas (General Counsel/Corp Secretary)	$347,818	$0	$83,719
Raymond Niaura (Director Of Science)	$333,950	$0	$56,243
Eric Asche (Chief Mktg & Strategy Officer)	$308,669	$0	$94,790
Amanda Graham (Svp, Innovations)	$291,695	$0	$48,669
Donna Vallone (Chief Esr)	$278,879	$0	$86,070
Willian Furmanski (Svp, Communications)	$271,214	$0	$46,449
Anna Spriggs (Chief Of Human Resources & Admin)	$249,580	$0	$65,421
Michael Cohen (Vp, Corp Partnerships Thru 12/16)	$233,928	$0	$53,136
Nicole Lemond Dorrler (Svp, Marketing & Media Investment)	$216,802	$0	$58,868
Hon Mike Moore (Chair Since 05/2017)	$0	$0	$0
Hon Tom Miller (Chair Until 04/2017)	$0	$0	$0
M Cass Wheeler (Vice Chair)	$0	$0	$0
Hon Doug Peterson (Treasurer)	$0	$0	$0
Georges C Benjamin Md (Director)	$0	$0	$0
Nancy Brown (Director)	$0	$0	$0
Hon Herb Conaway Md (Director)	$0	$0	$0
Hon Kemp Hannon (Director)	$0	$0	$0
Hon Gary R Herbert (Director)	$0	$0	$0
Hon Gina Raimondo (Director)	$0	$0	$0
Donald K Boswell (Director Until 12/16)	$0	$0	$0
Hon Jeremiah W Jay Nixon (Director Until 12/16)	$0	$0	$0
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990

Filed on Nov. 8, 2017

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2016

Revenue

$32,680,682

Expenses

$119,131,077

Net Income

-$86,450,395

Net Assets

$931,188,118

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,638,469	8.1%
Program Services	$0
Investment Income	$16,161,204	49.5%
Bond Proceeds	$0
Royalties	$14,990	0.0%
Rental Property Income	$1,532,816	4.7%
Net Fundraising	$0
Sales of Assets	$12,332,166	37.7%
Net Inventory Sales	$0
Other Revenue	$1,037	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,317,552	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,678,001	9.8%

Assets/Debt
Total Assets	$957,381,718
Total Liabilities	$26,193,600
Net Assets	$931,188,118

Compensation

Key Employees and Officers	Compensation	Related	Other
Robin Koval (President & Ceo)	$635,072	$0	$137,495
Anthony T O'toole (Cfio)	$483,295	$0	$161,661
David Abrams (Exec Director (Shroeder Inst))	$449,037	$0	$84,657
Ellen Vargyas (General Counsel/Corp Secretary)	$360,738	$0	$98,642
M David Dobbins (Coo)	$358,798	$0	$105,936
Raymond Niaura (Director Of Science)	$339,136	$0	$55,354
Eric Asche (Cmo)	$315,293	$0	$93,436
Donna Vallone (Chief Esr)	$285,169	$0	$84,995
Willian Furmanski (Svp, Communications)	$279,412	$0	$45,948
Amber Bullock (Evp Caye Thru 01/2016)	$268,828	$0	$59,995
Amanda Graham (Director, Research Development)	$266,847	$0	$46,733
Anna Spriggs (Svp, Human Resources)	$261,007	$0	$65,052
Hon Tom Miller (Chair)	$0	$0	$0
M Cass Wheeler (Vice Chair)	$0	$0	$0
Hon Mike Moore (Treasurer)	$0	$0	$0
Georges C Benjamin Md (Director)	$0	$0	$0
Donald K Boswell (Director)	$0	$0	$0
Nancy Brown (Director)	$0	$0	$0
Herb Conaway Md (Director)	$0	$0	$0
Hon Kemp Hannon (Director)	$0	$0	$0
Hon Gary R Herbert (Director)	$0	$0	$0
Hon Jeremiah W Jay Nixon (Director)	$0	$0	$0
Hon Greg Zoeller (Director)	$0	$0	$0

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990

Filed on Nov. 7, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2015

Revenue

$88,775,190

Expenses

$107,510,970

Net Income

-$18,735,780

Net Assets

$1,048,011,046

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,826,741	3.2%
Program Services	$0
Investment Income	$21,504,037	24.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$11,382
Net Fundraising	$0
Sales of Assets	$64,215,339	72.3%
Net Inventory Sales	$0
Other Revenue	$240,455	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,882,096	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,835,362	10.1%

Assets/Debt
Total Assets	$1,096,789,302
Total Liabilities	$48,778,256
Net Assets	$1,048,011,046

Compensation

Key Employees and Officers	Compensation	Related	Other
Anthony T O'toole (Cfio)	$927,763	$0	$139,457
Cheryl Healton (Former President & Ceo Term 01/01/14)	$654,394	$0	$4,375
Robin Koval (President & Ceo)	$576,589	$0	$109,900
Ellen Vargyas (General Counsel/Corp Secretary)	$529,132	$0	$87,043
M David Dobbins (Coo)	$525,638	$0	$104,314
David Abrams (Exec Director (Shroeder Inst))	$427,066	$0	$63,734
Raymond Niaura (Director Of Science)	$312,804	$0	$53,991
Julie Cartwright (Svp, Communications)	$303,735	$0	$73,398
Eric Asche (Cmo)	$296,328	$0	$61,814
Donna Vallone (Chief Esr)	$259,242	$0	$58,555
Willian Furmanski (Svp, Communications)	$255,761	$0	$45,366
Amber Bullock (Chief Caye)	$246,914	$0	$56,404
Amanda Graham (Director, Research Development)	$234,335	$0	$42,897
Hon Tom Miller Treasurer (Chair)	$0	$0	$0
M Cass Wheeler (Vice Chair)	$0	$0	$0
Hon Leticia Van De Putte (Vice Chair Until 12/2014)	$0	$0	$0
Hon Mike Moore (Treasurer)	$0	$0	$0
Jonathan E Fielding Md Mph (Immediate Past Chair Until 02/2015)	$0	$0	$0
Hon Lawrence G Wasden (Immediate Past Chair Until 02/2015)	$0	$0	$0
Donald K Boswell (Director)	$0	$0	$0
Georges C Benjamin Md (Director)	$0	$0	$0
Nancy Brown (Director)	$0	$0	$0
Herb Conaway Md (Director)	$0	$0	$0
Hon Kemp Hannon (Director)	$0	$0	$0
Hon Gary R Herbert (Director)	$0	$0	$0
See filing for compensation of 3 other people →

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990

Filed on Oct. 30, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2014

Revenue

$117,165,393

Expenses

$65,065,789

Net Income

$52,099,604

Net Assets

$1,110,546,084

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,956,547	1.7%
Program Services	$0
Investment Income	$22,344,126	19.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$362,641
Net Fundraising	-$10,006
Sales of Assets	$93,084,348	79.4%
Net Inventory Sales	$0
Other Revenue	$153,019	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,366,160	6.7%
Professional Fundraising Fees	$51,000	0.1%
Other Salaries and Wages	$9,508,162	14.6%

Assets/Debt
Total Assets	$1,151,506,314
Total Liabilities	$40,960,230
Net Assets	$1,110,546,084

Compensation

Key Employees and Officers	Compensation	Related	Other
Cheryl Healton (Ceo (Until 01/01/14))	$456,407	$0	$162,149
Anthony T O'toole (Evp, Cfio)	$442,431	$0	$137,311
David Abrams (Exec Director (Shroeder Inst))	$412,441	$0	$61,593
Ellen Vargyas (General Counsel/Corp Secretary)	$328,325	$0	$85,857
M David Dobbins (Coo)	$324,951	$0	$102,168
Raymond Niaura (Assoc Director Of Science)	$296,861	$0	$52,386
Eric Asche (Cmo)	$285,822	$0	$59,668
Robin Kornhaber (Svp, Development Until 01/28/14)	$262,691	$0	$61,668
Amber Bullock (Evp, Prog Dev)	$248,914	$0	$55,702
Willian Furmanski (Svp, Collaboration & Outreach)	$245,741	$0	$43,426
Donna Vallone (Svp, Research & Evaluation)	$240,578	$0	$54,573
Robin Koval (Ceo (From 11/04/13))	$132,313	$0	$0
Jonathan E Fielding Md Mph (Chair)	$0	$0	$0
Hon Leticia Van De Putte (Vice Chair)	$0	$0	$0
Susan Curry Phd (Vice Chair (Term Ended Feb. 2014))	$0	$0	$0
Hon Tom Miller Treasurer (Treasurer)	$0	$0	$0
Hon Lawrence G Wasden (Immediate Past Chair)	$0	$0	$0
Donald K Boswell (Director)	$0	$0	$0
Nancy Brown (Director)	$0	$0	$0
Hon Gary R Herbert (Director)	$0	$0	$0
Hon Mike Moore (Director)	$0	$0	$0
Hon Jeremiah W Jay Nixon (Director)	$0	$0	$0
Hon Charles K Scott (Director)	$0	$0	$0
M Cass Wheeler (Director)	$0	$0	$0
Hon Greg Zoeller (Director)	$0	$0	$0

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990

Filed on Nov. 3, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2013

Revenue

$90,153,399

Expenses

$75,153,339

Net Income

$15,000,060

Net Assets

$1,019,936,372

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,509,371	5.0%
Program Services	$0
Investment Income	$17,474,339	19.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$1,304,242
Net Fundraising	-$15,072
Sales of Assets	$69,327,935	76.9%
Net Inventory Sales	$0
Other Revenue	$161,068	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,990,336	4.0%
Professional Fundraising Fees	$82,350	0.1%
Other Salaries and Wages	$10,591,820	14.1%

Assets/Debt
Total Assets	$1,091,727,835
Total Liabilities	$71,791,463
Net Assets	$1,019,936,372

990

Filed on Dec. 26, 2013

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2012

Revenue

$39,391,344

Expenses

$51,262,428

Net Income

-$11,871,084

Net Assets

$974,192,011

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,729,462	6.9%
Program Services	$0
Investment Income	$19,457,784	49.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$765,303
Net Fundraising	$0
Sales of Assets	$16,535,706	42.0%
Net Inventory Sales	$0
Other Revenue	$1,433,695	3.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,220,136	6.3%
Professional Fundraising Fees	$101,943	0.2%
Other Salaries and Wages	$9,361,668	18.3%

Assets/Debt
Total Assets	$1,038,736,480
Total Liabilities	$64,544,469
Net Assets	$974,192,011

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2009

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Truth Initiative Foundation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $73.1M (2024)

Expenses $107M (2024)

Total Assets $712M (2024)

Total Liabilities $108M (2024)

Tax Filings and Audits by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Revenue

$73.1M (2024)

Expenses

$107M (2024)

Total Assets

$712M (2024)

Total Liabilities

$108M (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001