Overview
What is Truth In Accounting?
Truth In Accounting is a nonprofit organization situated in Glencoe, Illinois, with a small team of three individuals. Their primary focus is on educating the public about the financial conditions of federal, state, and local governments. They accomplish this through various means, including web pages, online postings, meetings with groups and individuals, preparing and distributing research documents, promoting accurate and consistent governmental accounting standards, and speaking at events. The organization's mission is to empower citizens by providing them with understandable, reliable, and transparent governmental financial information, aiming to foster accountability and responsible fiscal management.
Official website here: www.truthinaccounting.org
What do the Facebook reviews say about Truth In Accounting?
94% of 14 reviewers on Facebook recommend Truth In Accounting. Here is a summary of their reviews:
Many users appreciate the nonprofit's commitment to advocating for transparency in governmental financial reporting. They commend its non-partisan approach, emphasizing how it seeks to protect taxpayers' interests, particularly in Illinois. The information provided by Truth In Accounting is described as current, informed, and well-articulated, which resonates positively with those seeking accountability in public finance.
Overall, the sentiment towards Truth In Accounting is highly favorable, with supporters recognizing its ongoing efforts to raise awareness and drive change. Their focus on educational initiatives and honest reporting has garnered respect among constituents looking for trustworthy insights into fiscal responsibility.
This AI summary has been generated from reviews found on Facebook.
Is Truth In Accounting legitimate?
Truth In Accounting is a legitimate nonprofit organization registered as a 501(c)(3) entity. Truth In Accounting submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,822
For more financial information, click here
Official website here: www.truthinaccounting.org
What is the mission statement of Truth In Accounting?
Truth in Accounting's mission is centered around educating and empowering citizens by providing them with clear, reliable, and transparent financial information regarding governmental finances. This organization achieves this goal through various educational programs and materials, such as web pages, presentations to groups, and the distribution of research documents and educational materials. They also advocate for accurate and consistent accounting standards to ensure financial transparency in federal, state, and local governments.
Official website here: www.truthinaccounting.org
Who is the CEO of Truth In Accounting?
Sheila Weinberg is the Ceo/Board Member/President of Truth In Accounting. The CEO's salary of Truth In Accounting is $0 and their total compensation is $0.
Official website here: www.truthinaccounting.org
What is the revenue of Truth In Accounting?
Truth In Accounting's revenue in 2022 was $274,931.
Official website here: www.truthinaccounting.org
Who are the executives of Truth In Accounting and what are their salaries?
The average compensation at Truth In Accounting during 2022 was $12,274. There are 3 employees and 4 volunteers at Truth In Accounting.
Here are 4 key members and their salaries (Truth In Accounting's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.truthinaccounting.org
Where can I find the form 990 for Truth In Accounting?
Truth In Accounting's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.truthinaccounting.org
Learn more at the official website: www.truthinaccounting.org
Mission Statement of Truth In Accounting
Truth In Accounting, as an organization, is dedicated to a noble cause. Their mission is centered around educating and empowering citizens by providing them with clear, reliable, and transparent financial information related to federal, state, and local governments. They strive to bridge the gap between complex governmental financial data and the public, making it easier for individuals to understand and engage with their government's financial conditions. Through various educational programs and materials, they accomplish this mission. They achieve this by hosting meetings, delivering speeches, preparing and distributing research documents, and promoting accurate and consistent accounting standards. Truth In Accounting's work is pivotal in fostering a more informed and engaged citizenry, enabling them to actively participate in the financial decision-making processes of their governments.
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Impact
October, 2024
Truth In Accounting significantly impacts public understanding of governmental financial conditions by providing citizens with clear, reliable, and transparent financial information. Through educational programs and materials, it enhances awareness of federal, state, and local government finances. The organization utilizes various methods, including online resources, presentations, and research documents, to inform and engage the public. By promoting accurate and consistent governmental accounting standards, it empowers individuals to critically assess the financial health of their governments, fostering greater accountability and informed civic participation. This work ultimately contributes to a more financially literate society and encourages responsible governance at all levels.
This information is meant to be a general summary of Truth In Accounting. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$686
- Program Service Revenue: $4,500
- Gross Receipts: $300,849
Assets and Liabilities:
- Total Assets: $263,525
- Total Liabilities: $40,841
- Net Assets: $222,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DATA ACESS FEES
Revenue
$3,300
RESEARCH FEES
Revenue
$1,200
Organization Details
Founding Year
2002
Phone
(847) 835-5200Principal Officer
Sheila Weinberg
Main Address
336 HAZEL AVENUE 580, GLENCOE, IL, 60022
Website
www.truthinaccounting.orgNTEE Category
Code: W22 - Public benefit
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