Truth Pharm Inc
- Assets
- $252.8k
- Revenue
- $278.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Binghamton, NY
- Founding
- 01/2016
- Data as of
- 12/2019
- EIN
- 81-0718278
Organization Overview
Truth Pharm Inc is located in Binghamton, NY. The organization was established in 2016. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2019, Truth Pharm Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truth Pharm Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Truth Pharm Inc generated $278.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 65.3% each year . All expenses for the organization totaled $165.4k during the year ending 12/2019. While expenses have increased by 50.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AWARENESS, REDUCE THE STIGMA, EDUCATE THE PUBLIC AND ADVOCATE FOR POLICY CHANGES TO REDUCE THE HARMS CAUSED BY SUBSTANCE USE. WE STRIVE TO LIVE IN A WORLD IN WHICH A PERSON WHO USES SUBSTANCES CAN LIVE FREE FROM DISCRIMINATION AND THOSE WITH SUBSTANCE USE DISORDER CAN READILY OBTAIN EFFECTIVE TREATMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TREATMENT, EDUCATIONAL, AND ADVOCACY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Pleus Executive Director | Officer | 40 | $62,923 |
Jonathon Shattuck Treasurer | Officer | 1 | $0 |
Jo Ann Moore Secretary | Officer | 1 | $0 |
Name Not Listed Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,862 |
| Total Program Service Revenue | $151,172 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,254 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $653 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,923 |
| Compensation of current officers, directors, key employees. | $6,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,873 |
| Advertising and promotion | $4,118 |
| Office expenses | $5,670 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,702 |
| Travel | $10,741 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,917 |
| All other expenses | $5,257 |
| Total functional expenses | $165,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,739 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $252,757 |
| Accounts payable and accrued expenses | $2,008 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,008 |
| Net assets without donor restrictions | $239,449 |
| Net assets with donor restrictions | $11,300 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $252,757 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Truth Pharm Inc has recieved totaling $69,732.
| Awarding Organization | Amount |
|---|---|
United Way Of Broome County Inc Binghamton, NY PURPOSE: MOBILE OUTREACH VAN AND FAMILY SUPPORT COACH | $39,576 |
Drug Policy Alliance New York, NY PURPOSE: TO CONTINUE AND EXPAND ADVOCACY AT THE LOCAL, COUNTY, AND REGIONAL LEVEL TO INCREASE ACCESS TO HARM REDUCTION MEASURES AND DECREASE CARCERAL AND PUNITIVE SYSTEMS. | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard J Caron Foundation Wernersville, PA | $147,677,618 | $91,634,651 |
Gaudenzia Inc Norristown, PA | $41,393,638 | $93,926,293 |
Wheeler Clinic Inc Plainville, CT | $102,872,235 | $87,239,499 |
Central Pa Behavorial Health Collaborative Inc Hollidaysburg, PA | $27,160,934 | $63,119,564 |
Horizon Health Services Inc Getzville, NY | $30,665,162 | $41,374,551 |
Community Solutions Inc Bloomfield, CT | $27,025,820 | $38,317,808 |
Apt Foundation Inc New Haven, CT | $21,404,749 | $34,071,289 |
Stanley Street Treatment And Resources Fall River, MA | $36,117,205 | $37,312,127 |
Recovery Network Of Programs Inc Shelton, CT | $6,726,139 | $23,174,379 |
Bay State Community Services Inc Quincy, MA | $10,403,909 | $24,989,367 |
St Josephs Rehabilitation Center Inc Saranac Lake, NY | $26,763,085 | $21,054,172 |
Firetree Ltd Williamsport, PA | $43,848,366 | $18,939,182 |