Truth Project EIN 46-3044821

Truth Project FY2023 filing

EIN  46-3044821 Public charity (501(c)(3)) Houston, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Truth Project claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Promotes queer communities of color's health through social arts education and mobilization.
Leadership
Kevin Anderson · Founder and CEO · $63K
Money in and out
$290K revenue, $214K expenses
Bottom line
41% program efficiency

Promotes queer communities of color's health through social arts education and mobilization. For fiscal year 2023 it reported $290K in revenue, $214K in expenses, and $166K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$290K
Pt VIII · Ln 12
Total expenses
$214K
Pt IX · Ln 25
Net assets
$166K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $76K
Where spending went · Part IX cols B–D
Program services $0.41 Management & general $0.52 Fundraising $0.06
Program efficiency
41%
of spending reaches programs
Operating runway
8.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+26%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$290K
FY2023▲ +36%
Expenses
$214K
FY2023▲ +29%
Total assets
$166K
FY2023▲ +83%
Total liabilities
$0
FY2023
Total revenue
$290K
Pt VIII · Ln 12
Total expenses
$214K
Pt IX · Ln 25
Net assets
$166K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$76K
Total assetsPt X · Ln 16$166K
Program-expense ratioPt IX · col B41%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $22K of program spending, described in the organization's own filed words · FY2023.
01

Brunch with Baldwin

Over a passed brunch 157 attendees celebrated the power of James Baldwin. All were inspired by his legacy through the beauty of the arts.

$11Kprogram expense
02

P.l.u.s. United Retreat

This annual weekend retreat in the Texas Hill Country focuses on the well-being of black men living with HIV. Eighteen individuals from the Houston and Austin areas were immersed in group dialogue games pampering and rest. A licensed professional counselor was always on hand should additional support be required.

$6Kprogram expense
03

Hear Me Youth Installment

This annual staple was a multidisciplinary cultural arts experience that addressed the young voice and allowed the 71 attendees to better understand the journey of queer and ally youth and young adults. Youth and young adults not only starred in the production but also directed it.

$5Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTruth Project
EINHdr · item D46-3044821
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P01)
Ruling yearIRS BMFMay 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Founder and CEO
$63,265Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kevin Anderson’s $69K as Founder and CEO is at the 60th percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Kevin Anderson$69,151$63,265$38,263

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Truth Project executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$279K · 96%
Program service revenue$10K · 4%
Contributions & grants96%$279K
Program service revenue4%$10K
Other revenue$927
— government grantsLn 1e$85K
Total revenueLn 12$290K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.41 Management & general $0.52 Fundraising $0.06
Program services41%$89K
Management & general52%$112K
Fundraising6%$14K
Total functional expensesLn 25$214K

Balance Sheet

Part X · end of year
CashLn 1$153K
Total assetsLn 16$166K
Total liabilitiesLn 26$0
Total net assetsLn 32$166K
Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $153K · Operating expenses (Pt IX) $214K · Less non-cash grants $100 · Cash operating expenses/yr $214K
8.6 months
Where the money goes
Program services
Program services $89K · Total expenses $214K
41%
Management & General
Management & general $112K · Total expenses $214K
52%
Fundraising
Fundraising $14K · Total expenses $214K
6%
Cost to raise $1
Fundraising expense (2-yr avg) $12K · Solicited contributions (2-yr avg) $189K
$0.06 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $279K · Total revenue $290K
96%
Government reliance
Government grants $85K · Total revenue $290K
29%
Earned-income share
Program service revenue $10K · Total revenue $290K
4%
Investment reliance
Investment income $0 · Total revenue $290K
0%
Program self-sufficiency
Program service revenue $10K · Total expenses $214K
5%
Growth & trend
Revenue growth (YoY)
This year $290K · Prior year $214K
+36%
Net-asset trend (YoY)
End of year $166K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $290K · Expenses $214K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $166K
Net-asset ratio
Net assets $166K · Total assets $166K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $166K
0%
People & payroll
Highest Reported Total Compensation
Individual Kevin Anderson · Reported title Founder and CEO · Highest reported compensation $63K · Total expenses $214K
30%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $214K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 41%
Overhead ratio 52%
Fundraising cost ratio 5%
Revenue growth 36%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Aids UnitedFY2024$12K
Total grants receivedfrom 3 funders$104K
See all 3 funders →

Similar Organizations

Closest in mission — by what they do
See all organizations like Truth Project →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$243K revenue · ⤓ 990 PDF
FY2023$290K revenue · viewing · ⤓ 990 PDF
FY2022$214K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.