EIN 35-2185292

Truth in Accounting

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
2002
Most recent tax filings
2022-12-01
Description
Truth in Accounting educates and empowers citizens by providing understandable, reliable, and transparent governmental financial information. This is achieved through a range of educational programs and materials including web pages, online postings, meetings with groups and individuals, speaking engagements, and research document distribution.
Also known as...
Institute for Truth in Accounting
Total revenues
$274,931
2022
Total expenses
$223,939
2022
Total assets
$263,525
2022
Num. employees
3
2022

Program areas at Truth in Accounting

Educational programs and materials: educating the public about federal, state and local governments' financial conditions through web pages, online posting, meetings with and speaking to groups and individuals, preparing and distributing research documents and educational material, and promoting accurate and consistent governmental Accounting standards.

Who funds Truth in Accounting

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Searle Freedom TrustEducation and Outreach$125,000
Jewish Communal FundIn Furtherance of Grantee's Tax-Exempt Purpose$10,000
Bergstrom FoundationExempt Purpose of Organization - Civic$1,000
...and 1 more grant received

Personnel at Truth in Accounting

NameTitleCompensation
Sheila WeinbergChief Executive Officer , President$0
Vincent KolberBoard Member and Treasurer$0
William ObenshainChairman / Chair / Director$0
Joan ColmarPresident$86,500
John KayserOfficer / Director$0

Financials for Truth in Accounting

RevenuesFYE 12/2022
Total grants, contributions, etc.$271,117
Program services$4,500
Investment income and dividends$163
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-849
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$274,931

Form 990s for Truth in Accounting

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-30990View PDF
2021-122022-11-08990View PDF
2020-122021-10-28990View PDF
2019-122021-02-24990View PDF
2018-122020-06-16990View PDF
...and 10 more Form 990s
Data update history
July 7, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $10,000 from Jewish Communal Fund
January 12, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 12, 2024
Updated personnel
Identified 1 new personnel
December 26, 2023
Received grants
Identified 1 new grant, including a grant for $125,000 from Searle Freedom Trust
Nonprofit Types
Social advocacy organizationsPublic sector nonprofitsCharities
Issues
EducationPublic policy
Characteristics
Political advocacyTax deductible donationsAccepts online donations
General information
Address
336 Hazel Ave 580
Glencoe, IL 60022
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
truthinaccounting.org/ 
Phone
(847) 835-5200
IRS details
EIN
35-2185292
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
W20: Government and Public Administration
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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