BEFORE all that update, the post started here:

I grabbed the closing text and screenshots for this QUICK post,  What’s happening to the Tobacco MSA Billions? From American Legacy Foundation (2002 Form 990 for EIN #911956621) to ‘Truth Initiative Foundation’ (Same Entity, New Name), Audited Financial Statements Promised but Not Produced. (Publ. Aug. 14, 2019) (shortlink ends “-aE7”, about 7,800 8,855 (with update above) words)

from the bottom of ” A Health System Flush With Cash — because ‘Smoking Causes Cancer’  (1998 Tobacco Class Action Litigation MSA Payments, and Tobacco-Related Taxes Impact ‘in perpetuity’ on Systems Affecting Family Courts)… (post short-link ends “-a6m,” published August 7, 2019).

UPDATE Thu Aug. 15, 2019: In the usual “post-publication review,” I again tested the same ‘TruthIniative.org’ labeled link which had looped back to the start previously, and uploaded from the same place, its Audited Financial Statements FYE June 2018 (which is to say, for Fiscal Year 2017).

(See also near bottom of this post.  This is the first time I’ve been able to lay eyes on them.  From this link:

https://truthinitiative.org/annual-reports/financial-statement/2018-financial-statements

As I even now view the url providing this, it doesn’t read as above (when I “select-all & copied & pasted it to this post just now).  It reads (transcribed while looking at the open tab’s url):

“https://TruthInitative.org/sites/default/files/media/files/2019/03/Truth%Initiative%20Foundation%2…”[<~=as far as I can see].

Internally, the auditor’s report said Consolidated Statements available since Sept. 27, 2018.  Did the organization wait a half-year (or more) to post them, that is until just within two or three months of the next fiscal year end (June 30, 2019,  which’d be “2019/06”)– and then not at the normal labeled link? (See next six images).

This two-up, six-image gallery (quick excerpts) highlights the url upload date (?) and the odd entity naming conventions.  Because this information was found after a full post already published, although I’ve gone through the whole document, I’m not commenting here on the numbers (financials).  However, now that I have access to its financial statements and their notes, please notice “Note 1” (for any organization, always!), which references not one, but two different master settlement agreements resulting in the creation of the (giant) 501©3 now called Truth Initiative Foundation.  The MSA, which I keep referencing, and the STMSA (Smokeless Tobacco Master Settlement Agreement).  I’m not current enough on research I did in 2017 to recall if when that was (I thought it came later; this particular note doesn’t date it).

Another thing I’d like to point out, other than the delay in producing these (apparently) is the skirting specifically naming of the existence of a real estate holding company, i.e., M Street Holdings, LLC, on the cover page, introductory letter, and basically, until Notes to the Financial Statements.  This is the “Affiliate” in question.  Note 1 explains it; title page, independent auditor’s letter (i.e., a sort of transmittal or cover letter to the report).  It’s also a bit odd, I think, how the cover page calls it a single “Report” while the contents are referred to (more standard terminology I believe) as “Financial Statements,” plural.

First two images are Clean Copy/Annotated Copy of the same screenshot, with attention to naming conventions (not the money).  The second two are pp. 1 and 2 of the transmittal letter; the third two (the first colorfully annotated) are the pp. 1 (annotated) and 2 (“Clean copy”) of Note 1. They are not identical content; the one marked “Clean Copy” is in fact a continuation, my initial error).. I deliberately left some of the windowframe (showing url) in several of the images); at least one has the Date & Time Stamp (from my laptop), though for some reason not the year.

I quickly looked for the accounting firm, “RSM US, LLP” which I see is in Chicago. Two entries (including one Wikipedia) were informative, but read “sounds like an advertisement” “sounds too close to the source.” An RSM.global (footer) explains it this way, FYI:

Legal – RSM International Ltd.

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Any articles or publications contained within this website are not intended to provide specific business or investment advice. No responsibility for any errors or omissions nor loss occasioned to any person or organisation acting or refraining from acting as a result of any material in this website can, however, be accepted by the author(s) or RSM International. You should take specific independent advice before making any business or investment decision.

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RSM is the brand used by a network of independent accounting and consulting firms, each of which practices in its own right. The network is not itself a separate legal entity of any description in any jurisdiction. The network is administered by RSM International Limited, a company registered in England and Wales (company number 4040598) whose registered office is at 50 Cannon Street, London, EC4N 6JJ. The brand and trademark RSM and other intellectual property rights used by members of the network are owned by RSM International Association, an association governed by article 60 et seq of the Civil Code of Switzerland whose seat is in Zug.

(I am storing that quote here for now, will move it soon..//LGH).  This connect to the US firm, which I see has a Chicago address.  The RSM initials each refer to a different country, with the “M” being ‘McGladrey” in the USA.  Reference to “Middle market” focus, and a former partnership with H&R Block…   This setup (RSM International) only dates I THINK, to 1993, but cannot say for sure.  Look it up yourself!).

At any rate, that’s who the organization now called Truth Initiative Foundation had do its FYE2018 and 2017 (comparison)  audit, as you can see...

(For now this link lets you search Corporations or LLCs in Illinois: https://www.ilsos.gov/corporatellc/CorporateLlcController

This requires some follow-up.  My brief look (today is now August 16) above for anything “RSM US” showed several entities — all of which I clicked on, and several of which stated that the AUDITOR for the TRUTH INITiATIVE shown above, “RSM US LLP” was the manager (or one of two managers) at a certain Chicago address, of the other various LLPs or LLCs (see next image).  However RSM US LLP didn’t show up.

Public articles (including the criticized “Wiki”) said it moved from Bloomington, MN; I saw some with address in Minneapolis (nearby), and the entities (LLCs or LLPs) listed being marked “Foreign.”  There was also an RSM US Foundation (formerly “McGladrey Foundation”).

Here’s are just THREE screenprints for a few more clues…(I annotated some of them to explain the quandary here…):p

Per the cover description on search page:  LLPs should be included:  that’s in the description, not the general title of the search:

The Department of Business Services database includes information regarding corporations, not-for-profit corporations, limited partnerships, limited liability companies and limited liability partnerships, as well as, other business-related information.

(Corporations, including not-for-profit ones (a  sample shown above), LPs, LLCs, and LLPs are covered, it says above…)