TRUTH INITIATIVE FOUNDATION

EIN: 911956621 501(c)(3) Mental Health

WASHINGTON, DC

Total Revenue
$73,144,611
Total Expenses
$107,342,211
Total Assets
$711,724,975
Net Assets
$603,750,615
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
DE
Principal Officer
KATHLEEN CROSBY
Phone
2024545555
Tax Period
2023-07-01 to 2024-06-30

TRUTH INITIATIVE FOUNDATION, founded in 1999, is a mid-sized nonprofit in the Mental Health sector that reported $73.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $107.3M exceeded revenue, resulting in a 47% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $68,991,887

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. THE TRUTH...

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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. THE TRUTH CAMPAIGN SEEKS TO PREVENT YOUTH AND YOUNG ADULTS FROM STARTING TO USE NICOTINE AND TO HELP THOSE WHO BECOME ADDICTED TO QUIT THROUGH PUBLIC SERVICE ADS, INFLUENCERS, SOCIAL MEDIA AND ON-THE-GROUND EVENTS. 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.

Program 2
Expenses: $7,658,473 Revenue: $127,932

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...

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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 AND PREVENTION, 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 IMAGERY ON SCREENS 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.

Program 3
Expenses: $7,077,241 Revenue: $1,363,356

TOBACCO CESSATION INNOVATIONS: TRUTH INITIATIVE'S INNOVATIONS CENTER BUILDS AND DEPLOYS SCALABLE AND SUSTAINABLE DIGITAL TOBACCO CESSATION INTERVENTIONS. OUR PROGRAMS HAVE SERVED MILLIONS OF TOBACCO...

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TOBACCO CESSATION INNOVATIONS: TRUTH INITIATIVE'S INNOVATIONS CENTER BUILDS AND DEPLOYS SCALABLE AND SUSTAINABLE DIGITAL TOBACCO CESSATION INTERVENTIONS. OUR PROGRAMS HAVE SERVED MILLIONS OF TOBACCO USERS AGES 13+ ACROSS THE U.S. OVER THE PAST 15+ YEARS. ENTERPRISE VERSIONS OF OUR PROGRAMS EXTEND OUR PUBLIC HEALTH IMPACT THROUGH STRATEGIC PARTNERSHIPS WITH EMPLOYERS, HEALTH PLANS, AND HEALTH SYSTEMS AND GENERATES REVENUE TO SUPPORT THE MISSION DRIVEN WORK OF THE FOUNDATION. THE INNOVATIONS CENTER IS INTERNATIONALLY RECOGNIZED FOR ITS RIGOROUS RESEARCH ON DIGITAL INTERVENTIONS FOR TOBACCO CESSATION AND ITS FIELD-LEADING CONTRIBUTIONS TO THE ACADEMIC LITERATURE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,075,795
Program Service Revenue $1,491,288
Investment Income $66,577,404
Other Revenue $124
TOTAL REVENUE $73,144,611

Expense Breakdown

Grants Paid $1,448,704
Salaries & Benefits $26,552,030
Fundraising Expenses $62,560
Program Expenses $89,153,969
Other Expenses $79,280,337
TOTAL EXPENSES $107,342,211

Year-over-Year Comparison

2023 2022 Change
Revenue $73,144,611 $59,245,878 +0.2%
Expenses $107,342,211 $116,909,770 -0.1%
Net Income $-34,197,600 $-57,663,892 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
212
Volunteers
295

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$2,311,178
Total Directors
12
$0
Key Employees
1
$522,122
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HON MIKE MOORE CHAIR SINCE 5/2017 6.00
Officer Director
$0 $0 $0
NANCY BROWN VICE CHAIR SINCE 12/2017 6.00
Officer Director
$0 $0 $0
HON JOSH STEIN TREASURER THRU 5/2024 6.00
Officer Director
$0 $0 $0
MARY T BASSETT MD MPH DIRECTOR 5.00
Director
$0 $0 $0
GEORGES C BENJAMIN MD DIRECTOR THRU 2/2024 5.00
Director
$0 $0 $0
HON HERB CONAWAY MD DIRECTOR THRU 2/2024 5.00
Director
$0 $0 $0
HON SPENCER J COX DIRECTOR 5.00
Director
$0 $0 $0
HON JAMES DUNNIGAN DIRECTOR 5.00
Director
$0 $0 $0
HOWARD K KOH MD MPH DIRECTOR 5.00
Director
$0 $0 $0
HON MARTIN JACKLEY DIRECTOR 5.00
Director
$0 $0 $0
JANET T MILLS DIRECTOR 5.00
Director
$0 $0 $0
STEVE OYER DIRECTOR 5.00
Director
$0 $0 $0
ROBIN KOVAL PRESIDENT & CEO THRU 10/2023 37.50
Officer
$929,147 $53,517 $982,664
KATHLEEN CROSBY PRESIDENT & CEO 37.50
Officer
$119,715 $11,285 $131,000
ANTHONY T O'TOOLE EVP/CFIO 37.50
Officer
$581,069 $166,497 $747,566
ROBERT FALK GEN. COUNSEL/CORP. SECRETARY 37.50
Officer
$370,526 $79,422 $449,948
ELIZABETH KENNY CHIEF MKTG & STRAT OFF. 37.50
Key Emp
$442,674 $79,448 $522,122
PATRICIA KENNEY CHIEF COMMUNICATIONS OFFICER 37.50
Highest
$342,953 $90,942 $433,895
RALPH LOGAN SENIOR VICE PRESIDENT, MARKETING 37.50
Highest
$336,275 $56,255 $392,530
BARBARA SCHILLO CHIEF RESEARCH OFFICER 37.50
Highest
$307,572 $82,437 $390,009
AMANDA GRAHAM CHIEF OF INNOVATIONS & RESEARCH 37.50
Highest
$323,657 $56,182 $379,839
ANNA SPRIGGS CHIEF OF HUMAN RESOURCES & ADMIN. 37.50
Highest
$304,328 $69,420 $373,748
M DAVID DOBBINS FORMER COO 37.50
$177,014 $47,911 $224,925
DONNA VALLONE FORMER CHIEF RESEARCH OFFICER 37.50
$165,608 $24,828 $190,436
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $73,144,611 $107,342,211 $711,724,975 $-34,197,600
2023 $59,245,878 $116,909,770 $764,347,458 $-57,663,892
2022 $111,718,749 $118,089,967 $833,593,516 $-6,371,218
2021 $92,158,475 $98,704,313 $1,008,096,015 $-6,545,838
2020 $57,705,985 $109,295,633 $853,605,796 $-51,589,648
2019 $98,736,487 $104,980,089 $922,385,220 $-6,243,602
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