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Nonprofit · EIN 45-2747584

FOUNDATION FOR TRUTH

Tax-exempt · SAN ANGELO, TX 76904

Financials

$7.9M$2.3M2023$4.1M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR TRUTH by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$4,086,428$2,255,682$1,830,746$60,485,766$0$60,485,766
December 31, 2023990-PF$7,937,113$2,279,736$5,657,377$58,655,020$0$58,655,020
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.

NameTitleHours / weekCompensation
DENNIS REED
3140 EXECUTIVE DRIVE, SAN ANGELO, TX 76904
PRESIDENT25$0
DON MCKEE
3140 EXECUTIVE DRIVE, SAN ANGELO, TX 76904
SECRETARY/TREASURER1$0
MICHAEL LIGHT
PO BOX 158, BANGS, TX 76823
VICE PRESIDENT1$0
MOREY MAST
8775 CR 136, BANGS, TX 76823
DIRECTOR1$0
PADEN REED
4309 SHEFFLERA DRIVE, SAN ANGELO, TX 76904
DIRECTOR2$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
BRYAN BRASWELL
3140 EXECUTIVE DRIVE, SAN ANGELO, TX 76904
DIRECTOR40$41,591$0
RYAN SMITHEY
1025 W FM 2105, SAN ANGELO, TX 76901
MINISTER
Highest-paid employee
40$30,600$16,972
DENNIS REED
3140 EXECUTIVE DRIVE, SAN ANGELO, TX 76904
PRESIDENT25$0$0
DON MCKEE
3140 EXECUTIVE DRIVE, SAN ANGELO, TX 76904
SECRETARY/TREASURER1$0$0
MICHAEL LIGHT
3140 EXECUTIVE DRIVE, SAN ANGELO, TX 76904
VICE PRESIDENT1$0$0
MOREY MAST
3140 EXECUTIVE DRIVE, SAN ANGELO, TX 76904
DIRECTOR1$0$0
PADEN REED
3140 EXECUTIVE DRIVE, SAN ANGELO, TX 76904
DIRECTOR2$0$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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-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
Assets (IRS master file)
$60,485,766
Income (IRS master file)
$13,008,933

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$4,086,428$2,255,682$60,485,766XML
990-PFDecember 2023$7,937,113$2,279,736$58,655,020XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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.

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