Truth Initiative Foundation, operating under the name Truth Initiative, is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (F21) the organization is classified as: Substance Abuse Prevention, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Truth Initiative employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truth Initiative 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 06/2022, Truth Initiative generated $111.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $118.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Truth Initiative has awarded 327 individual grants totaling $21,569,406. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRUTH INITIATIVE'S MISSION IS TO ACHIEVE A CULTURE WHERE YOUNG PEOPLE REJECT SMOKING, VAPING, AND NICOTINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hon Mike Moore Chair Since 5/2017 | OfficerTrustee | 6 | $0 |
Nancy Brown Vice Chair Since 12/2017 | OfficerTrustee | 6 | $0 |
Hon Josh Stein Treasurer Since 01/2023 | OfficerTrustee | 6 | $0 |
Hon Doug Peterson Treasurer Thru 01/2023 | OfficerTrustee | 6 | $0 |
Mary T Bassett MD MPH Director | Trustee | 5 | $0 |
Georges C Benjamin MD Director | Trustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Gale Partners Llc Marketing | 6/29/23 | $28,084,333 |
Google Llc Marketing | 6/29/23 | $10,195,015 |
The Trade Desk Inc Marketing | 6/29/23 | $10,924,665 |
Snap Inc (Dba Snapchat) Marketing | 6/29/23 | $5,807,502 |
Mojo Supermarket Llc Marketing | 6/29/23 | $4,838,982 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $7,379,137 |
Investment income | $19,376,575 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $84,264,113 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $111,718,749 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $19,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,070,322 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $16,358,475 |
Pension plan accruals and contributions | $1,064,627 |
Other employee benefits | $2,987,905 |
Payroll taxes | $1,349,304 |
Fees for services: Management | $0 |
Fees for services: Legal | $219,532 |
Fees for services: Accounting | $233,524 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $4,410,294 |
Fees for services: Other | $77,698,134 |
Advertising and promotion | $393,541 |
Office expenses | $177,514 |
Information technology | $1,622,539 |
Royalties | $0 |
Occupancy | $2,754,641 |
Travel | $409,937 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $451,618 |
Interest | $1,844,439 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $832,819 |
Insurance | $391,030 |
All other expenses | $0 |
Total functional expenses | $118,089,967 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $500 |
Savings and temporary cash investments | $116,876,235 |
Pledges and grants receivable | $128,398 |
Accounts receivable, net | $502,613 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $5,720 |
Prepaid expenses and deferred charges | $1,531,708 |
Investments—publicly traded securities | $247,077,933 |
Investments—other securities | $464,835,129 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $493,312 |
Total assets | $833,593,516 |
Accounts payable and accrued expenses | $10,170,275 |
Grants payable | $0 |
Deferred revenue | $673,874 |
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 | $96,594,448 |
Total liabilities | $107,438,597 |
Net assets without donor restrictions | $726,154,919 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $726,154,919 |
Over the last fiscal year, Truth Initiative Foundation has awarded $1,485,912 in support to 26 organizations.
Grant Recipient | Amount |
---|---|
TOBACCO FREE PORTFOLIOS FOUNDATION PURPOSE: STRATEGIC ALLIANCE GRANTS | $200,000 |
CAMPAIGN FOR TOBACCO FREE KIDS PURPOSE: STRATEGIC ALLIANCE GRANTS | $927,296 |
UNIVERSITY OF CALIFORNIA SAN FRANCISCO PURPOSE: STRATEGIC ALLIANCE GRANTS | $56,716 |
COLORADO NORTHWESTERN COMMUNITY COLLEGE FOUNDATION PURPOSE: COMMUNITY AND YOUTH ENGAGEMENT GRANTS | $8,779 |
OUR LADY OF THE LAKE UNIVERSITY PURPOSE: COMMUNITY AND YOUTH ENGAGEMENT GRANTS | $9,756 |
COPPIN STATE UNIVERSITY DEVELOPMENT FOUNDATION PURPOSE: COMMUNITY AND YOUTH ENGAGEMENT GRANTS | $7,760 |