Nonprofit · EIN 45-2747584
FOUNDATION FOR TRUTH
Tax-exempt · SAN ANGELO, TX 76904
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,086,428 | $2,255,682 | $1,830,746 | $60,485,766 | $0 | $60,485,766 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $150,000
- Dividends
- $637,502
- Interest
- $92,099
- Net gain from sales of assets
- $1,830,389
- Other income
- $1,376,438
Expenses
- Grants and similar amounts paid
- $1,708,900
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $10,200
- Disbursements for charitable purposes
- $1,818,234
- Excise tax on investment income
- $49,470
Balance sheet and other
- Total assets, start of year
- $58,655,020
- Total assets, end of year
- $60,485,766
- Total liabilities, end of year
- $0
- Net assets, end of year
- $60,485,766
- Fair market value of assets
- $44,539,349
- Qualifying distributions
- $1,818,234
- Net investment income
- $3,936,428
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS REED 3140 EXECUTIVE DRIVE, SAN ANGELO, TX 76904 | PRESIDENT | 25 | $0 |
| DON MCKEE 3140 EXECUTIVE DRIVE, SAN ANGELO, TX 76904 | SECRETARY/TREASURER | 1 | $0 |
| MICHAEL LIGHT PO BOX 158, BANGS, TX 76823 | VICE PRESIDENT | 1 | $0 |
| MOREY MAST 8775 CR 136, BANGS, TX 76823 | DIRECTOR | 1 | $0 |
| PADEN REED 4309 SHEFFLERA DRIVE, SAN ANGELO, TX 76904 | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3140 EXECUTIVE DR, SAN ANGELO, TX 76904-6802
- In care of
- % DON MCKEE
- Signed the 990-PF
- DENNIS REED, PRESIDENT
- Phone
- (325) 942-8984
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 45-2747584
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $60,485,766
- Income (IRS master file)
- $13,008,933
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $7,937,113 | $2,279,736 | $58,655,020 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about FOUNDATION FOR TRUTH
- What is the EIN of FOUNDATION FOR TRUTH?
- The employer identification number (EIN) of FOUNDATION FOR TRUTH is 45-2747584.
- Is FOUNDATION FOR TRUTH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to FOUNDATION FOR TRUTH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FOUNDATION FOR TRUTH file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FOUNDATION FOR TRUTH due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR TRUTH last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of FOUNDATION FOR TRUTH?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FOR TRUTH have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,086,428, expenses of $2,255,682 and total assets of $60,485,766 at year end.
Other nonprofits in SAN ANGELO
- SAN ANGELO AREA FOUNDATION EIN 73-1634145 · last filed 990 for 2025
- UNITED WAY OF THE CONCHO VALLEY INC EIN 75-0859662 · last filed 990 for 2025
- HARRY CHAPPLE TEST TR EIN 75-6590341 · last filed 990 for 2025
- DANNER CHARITABLE TRUST 23001727017 EIN 75-6382506 · last filed 990-EZ for 2025
- GOODFELLOW SPOUSES AND COMMUNITY EIN 45-2818536 · last filed 990-N for 2024
- ABRAHAM VEGA FOUNDATION EIN 99-0828629 · last filed 990-N for 2025
- SAN ANGELO CANCER ASSOCIATION EIN 33-2315967 · last filed 990-N for 2024
- SHANNON MEDICAL CENTER PIONEER FOUNDATION EIN 35-2229303 · last filed 990-EZ for 2025
All nonprofits in SAN ANGELO · Texas · Philanthropy, voluntarism and grantmaking foundations