2024-08-07T09:11:41-05:00 2023-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2023-01-01 411750692 Thurgood Marshall College Fund THUR 2025074851 901 F Street NW 700 Washington DC 200041436 Aisha T Brown CFO and COO 2025074851 2024-08-07 1 1 Lori A Collingsworth P00639819 7038930300 2024-08-07 2023 2024-08-08 14:25:15Z Harry L Williams 901 F Street NW 700 Washington DC 200041436 85059283 0 X www.tmcf.org X 1993 DE Providing leadership development, scholarships, and advocacy to prepare new leaders. 29 29 184 33 0 0 71201594 76342112 239250 288350 -1959457 1143422 -261813 66242 69219574 77840126 38013313 35393493 0 0 13567794 13610260 0 0 2931252 21072561 22047376 72653668 71051129 -3434094 6788997 126922627 124287734 15668670 5637389 111253957 118650345 X The mission of the Thurgood Marshall College Fund is three-fold: Partner with our member-schools to increase access, retention and graduation rates of students attending their schools, identify and prepare students attending member-schools who have significant leadership potential, and create a pipeline for employers of highly qualified member-schools, students and alumni. 0 0 35393493 35393493 Scholarships and grants: The Scholarship Program provides merit-based scholarships to students seeking financial assistance to complete their education. TMCF scholarships are awarded annually to students meeting the TMCF eligibility criteria. Awards are made each semester based on a verification process designed to ensure that students are meeting high expectations and have an unmet financial need.The TMCF Internship Program is managed by the talent acquisition division and seeks students who attend member-schools and maintain a minimum GPA of 3.0. Members of the division serve as liaisons and provide support to students throughout the internship program. See Schedule O for continuation 21619002 258350 Leadership training and seminars: The Teacher Quality and Retention Program (TQRP) was designed to help teachers enhance the learning experience of students. Now, more than ever, our students need qualified teachers who can help them overcome challenging school environments and achieve academic and personal success. Historically Black Colleges and Universities (HBCU's) graduate more minority teachers than any other source.TQRP provides a one-week summer institute designed to give education majors experience in the application of educational theories and practices. See Schedule O for continuation 87559 30000 TM2 Search: TM2 Education Search provides retained search and leadership development services designed to help build and develop sustainable leadership and boards. Specifically, our searches focus on the following positions: Board of Trustees, Presidents & Chancellors, Provosts, Deans, and the Executive Level of institutions in the Black College Community. 57100054 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 1 X 560 0 1 184 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AZ CA NY X X Aisha Brown CFOCOO 2025074851 901 F Street NW 700 Washington DC 200041436 Charles Merinoff Chair 1.00 X X 0 0 0 Ciara Anfield Director 1.00 X 0 0 0 Terry Arnold Director 1.00 X 0 0 0 Gary Bettman Director 1.00 X 0 0 0 Greg Carter II Director 1.00 X 0 0 0 Theodore Colbert III Director 1.00 X 0 0 0 Robert Engel Director 1.00 X 0 0 0 Yvette Hunsicker Director 1.00 X 0 0 0 Jeffrey Hurd Director 1.00 X 0 0 0 Sandra Hurse Director 1.00 X 0 0 0 Collis Jones Director 1.00 X 0 0 0 Gregory Jones Director 1.00 X 0 0 0 Sean Lee Director 1.00 X 0 0 0 Lane McBride Director 1.00 X 0 0 0 April Payne-McMillian Director 1.00 X 0 0 0 Michelle Nettles Director 1.00 X 0 0 0 Racquel Oden Director 1.00 X 0 0 0 David Osswald Director 1.00 X 0 0 0 Melonie Parker Director 1.00 X 0 0 0 Josh Petty Director 1.00 X 0 0 0 Dr Quinton Ross Jr Director 1.00 X 0 0 0 Chris Scalia Director 1.00 X 0 0 0 Paul Sweeney Jr Esq Director 1.00 X 0 0 0 Byron Taylor Director 1.00 X 0 0 0 Toni Townes-Whitley Director 1.00 X 0 0 0 Kevin Walling Director 1.00 X 0 0 0 Alicia West Director 1.00 X 0 0 0 Barbara Whye Director 1.00 X 0 0 0 Tatia Williams Director 1.00 X 0 0 0 Dr Harry Lee Williams President & CEO 40.00 X 637000 0 75521 David Kyle Sheppard Chief Business and Legal Officer 40.00 X 282115 0 52956 Aisha T Brown Chief Finance & Operations Officer 40.00 X 316992 0 43306 George Spencer Chief Innovation & Growth Officer 40.00 X 279538 0 67449 Andrea Horton Chief Marketing Officer 40.00 X 246154 0 72510 Martinique Lashawn Taylor Interim Chief Learning Officer 40.00 X 175386 0 42743 Tamara Mathis Thompson Interim Chief Of Programs 40.00 X 177500 0 21280 Eric D Hart Chief Programs Officer 40.00 X 240000 0 60767 Christopher Brown Exec. Director & Research Scientist 40.00 X 189000 0 34951 Jason Hundley Executive VP of Finance & Operations 40.00 X 222692 0 43621 Betsy Ann Burton-Strunk Vice President of Development 40.00 X 180000 0 52623 Amy D Goldstein Vice President, Strategy 40.00 X 180000 0 62892 3126377 0 630619 23 0 1 0 Tyton Partners Consulting LLC 75 Federal Street Suite 200 Boston MA 02110 TMCF org Research 556600 ACUE(Association of College and Universi 745 Fifth Avenue Suite 500 New York NY 10151 Microcredential Cohort/Facilitation 320250 Bureau of Creative Intelligence 80 Country Wa Crawfiordville FL 32327 Designing/Engineering 268503 MODE 9900 Georgia Avenue Suite 406 Silver Spring MD 20902 Conference/Dinner staging 256672 Partnership for Education Advancement 499 Park Ave New York NY 10022 PTF Aggregate shared service pool 251359 7 58750 602575 413485 75267302 16504 76342112 Registration fees 900099 258350 258350 Contract income 900099 30000 30000 288350 1470915 1470915 6531839 6859332 -327493 -327493 -327493 356475 602575 359825 -3350 -3350 CC Rewards and rebates 900099 69592 69592 69592 77840126 288350 0 1209664 16170996 16170996 19222497 19222497 2490450 1115471 1153004 221975 8202209 3673764 3797377 731068 397101 177861 183846 35394 1890821 846897 875394 168530 629679 282033 291523 56123 51340 51340 156304 156304 5327302 3673717 938502 715083 418782 92247 323188 3347 1094133 731043 347028 16062 1348274 669824 606530 71920 340862 32928 307934 8267038 7136192 548109 582737 3731064 3146636 281164 303264 107043 11263 95780 DoD refund contingency 1010801 1010801 Dues and subscriptions 190793 116685 48359 25749 Employee recruitment 3640 3640 71051129 57100054 11019823 2931252 58345360 45686389 3223534 3461432 9109491 24681372 28872 39502 0 44061 43545862 47477644 225978 226006 12443530 2671328 126922627 124287734 2585624 2703410 238799 0 12844247 2933979 15668670 5637389 X 47426985 39126297 63826972 79524048 111253957 118650345 126922627 124287734 X 6788997 2723689 -2116298 X X 0 1 X 1 0 X 23044196 97217874 97256947 71201594 76342112 365062723 23044196 97217874 97256947 71201594 76342112 365062723 68544959 296517764 65747 98333 775160 1017553 1470915 3427708 368490431 1988278 0.80470 0.80320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1607881 300000 148270 0 2056151 1800192 0 -155311 37000 1607881 250000 1500000 50192 0 1800192 250000 0 0 0 250000 250000 0 0 0 250000 0.00000 1.00000 0.00000 0 0 0 Deferred compensation liability 2207459 Lease liability - operating lease 506107 Due to affiliate 220413 2933979 X 87767336 2723661 7000000 359853 10083514 77683822 156304 156304 77840126 80370948 7000000 2476123 9476123 70894825 156304 156304 71051129 Part V, Line 4: TMCF's endowment funds are intended to be used for future scholarships. Part X, Line 2: The Organization performed an evaluation of uncertain tax positions for the years ended December 31, 2023 and 2022, and determined that there were no matters that would require recognition in the consolidated financial statements or that may have any effect on its tax-exempt status. Part XI, Line 2d - Other Adjustments: Special event expenses 359,825. OFC consolidated income 28. Part XII, Line 2d - Other Adjustments: Special event expenses 359,825. Uncollectible pledges 2,116,298. Leaders and Legends Gala 959050 602575 356475 269825 90000 959050 602575 356475 269825 90000 359825 -3350 1 Alabama A&M University Foundation PO Box 1057 Normal AL 35762 237067600 501(c)(3) 25000 0 N/A N/A Boeing Capacity Grant Alabama A&M University 105 Patton Hall Normal AL 35762 636001097 501(c)(3) or 115 416667 0 N/A N/A 2022-2023 Apple New Silicon Initiative (NSI) Grant Central State University 1400 Brush Row Rd Wilberforce OH 45384 310675386 501(c)(3) or 115 32610 0 N/A N/A Covid-19 Education Grant Delaware State University Foundation Inc 1200 North DuPont Highway Dover DE 19901 201372435 501(c)(3) 77000 0 N/A N/A DSU Near Completers Pilot Delaware State University Foundation Inc 1200 North DuPont Highway Dover DE 19901 201372435 501(c)(3) 107000 0 N/A N/A DSU Near Completers Pilot Elizabeth City State University Foundation PO Box 1467 Elizabeth City NC 27906 237115345 501(c)(3) 75000 0 N/A N/A COVID 19: ECSU-Welcome Center/One-Stop Shop Technology Enhancements Elizabeth City State University 1704 Weeksville Rd Elizabeth City NC 27909 561047680 501(c)(3) or 115 10000 0 N/A N/A Grow with Google HBCU Career Readiness Program Grant Florida Memorial University 15800 NW 42nd Ave Miami Gardens FL 33054 590668483 501(c)(3) or 115 20000 0 N/A N/A Grow with Google HBCU Career Readiness Program Grant Florida A&M University 1601 S Martin Luther King Jr Blvd Tallahassee FL 32307 590977035 501(c)(3) or 115 20000 0 N/A N/A Medtronic R & D Grant Hampton University 100 E Queen St Hampton VA 23669 540505990 501(c)(3) or 115 12500 0 N/A N/A Novartis Faculty Grant Howard University 2201 Georgia Avenue NW Washington DC 20059 530204707 501(c)(3) 10000 0 N/A N/A Grow with Google HBCU Career Readiness Program Grant Jackson State University 1400 J R Lynch Street Jackson MS 39217 646000507 501(c)(3) or 115 20000 0 N/A N/A Medtronic R & D Grant Langston University Foundation PO Box 725 Langston OK 73050 113815948 501(c)(3) 15000 0 N/A N/A Zero Hunger Innovation Challenge Morgan State University Foundation 1700 E Cold Spring Ln Baltimore MD 21251 237089143 501(c)(3) 25000 0 N/A N/A Boeing Capacity Grant Morgan State University 1700 E Cold Spring Ln Baltimore MD 21251 526002033 501(c)(3) or 115 12500 0 N/A N/A Novartis Faculty Grant Morgan State University 1700 E Cold Spring Ln Baltimore MD 21251 526002033 501(c)(3) or 115 341000 0 N/A N/A Apple NSI Grant North Carolina A&T University Foundation 1601 E Marke St Dowdy Bldg Ste 400 Greensboro NC 27411 237055330 501(c)(3) 10000 0 N/A N/A Teacher Education North Carolina A&T University Foundation 1601 E Marke St Dowdy Bldg Ste 400 Greensboro NC 27411 237055330 501(c)(3) 20000 0 N/A N/A Medtronic R & D Grant North Carolina A&T University Foundation 1601 E Marke St Dowdy Bldg Ste 400 Greensboro NC 27411 237055330 501(c)(3) 20000 0 N/A N/A Medtronic R & D Grant North Carolina A&T University Foundation 1601 E Marke St Dowdy Bldg Ste 400 Greensboro NC 27411 237055330 501(c)(3) 20000 0 N/A N/A Medtronic R & D Grant Partnership for Education Advancement 499 Park Avenue 27th Floor New York NY 10022 831400442 501(c)(3) 175000 0 N/A N/A Capacity Building Partnership for Education Advancement 499 Park Avenue 27th Floor New York NY 10022 831400442 501(c)(3) 37055 0 N/A N/A Capacity Building Partnership for Education Advancement 499 Park Avenue 27th Floor New York NY 10022 831400442 501(c)(3) 2992629 0 N/A N/A Program support Partnership for Education Advancement 499 Park Avenue 27th Floor New York NY 10022 831400442 501(c)(3) 10400000 0 N/A N/A Program support Prairie View A&M University 100 University Dr Prairie View TX 77446 746001078 501(c)(3) or 115 25000 0 N/A N/A Research Prairie View A&M University 100 University Dr Prairie View TX 77446 746001078 501(c)(3) or 115 25000 0 N/A N/A CBRE Research Center Grant Prairie View A&M University 100 University Dr Prairie View TX 77446 746001078 501(c)(3) or 115 404746 0 N/A N/A Apple NSI Grant Southern University and A&M College 801 Harding Blvd Baton Rouge LA 70807 726000817 501(c)(3) or 115 12500 0 N/A N/A Novartis Faculty Grant Southern University and A&M College 801 Harding Blvd Baton Rouge LA 70807 726000817 501(c)(3) or 115 12500 0 N/A N/A Novartis Faculty Grant Southern University and A&M College 801 Harding Blvd Baton Rouge LA 70807 726000817 501(c)(3) or 115 12500 0 N/A N/A Novartis Faculty Grant Spelman College 350 Spelman Ln SW Atlanta GA 303144395 580566243 501(c)(3) 25000 0 N/A N/A Boeing Capacity Grant Tennessee State University 3500 John A Merritt Blvd Nashville TN 37209 620786119 501(c)(3) or 115 25000 0 N/A N/A Boeing Capacity Grant Tennessee State University 3500 John A Merritt Blvd Nashville TN 37209 620786119 501(c)(3) or 115 25000 0 N/A N/A ACUE Award Texas Southern University 3100 Cleburne Street Houston TX 77004 746001391 501(c)(3) or 115 85000 0 N/A N/A Researcher Development Program - Core Civic Texas Southern University 3100 Cleburne Street Houston TX 77004 746001391 501(c)(3) or 115 40000 0 N/A N/A TMCF SOAR- Early Talent Program Texas Southern University 3100 Cleburne Street Houston TX 77004 746001391 501(c)(3) or 115 40000 0 N/A N/A TMCF SOAR- Early Talent Program Texas Southern University 3100 Cleburne Street Houston TX 77004 746001391 501(c)(3) or 115 16482 0 N/A N/A TMCF SOAR- Early Talent Program University of DC Foundation 4200 Connecticut Avenue NW Washington DC 20008 521152624 501(c)(3) 528307 0 N/A N/A UDC Builders Program 22 0 Scholarships 3888 19222497 0 N/A N/A Part I, Line 2: Scholarships are awarded per semester based on available funding. Thurgood Marshall College Fund Scholarships are not awarded directly to students. Scholarships are awarded to the student via the member college or university to which the student has been accepted. Students interested in applying for a TMCF scholarship must meet the following criteria: A citizen of the United States, full-time student pursuing a degree in any discipline at one of the TMCF "member schools", and demonstrate commitment to academic excellence. Part II, line 1, Column (h): Research Grants- TMCF partners with government agencies and companies to offer capacity building support and funding for researchers at member-schools and elsewhere, to support research that is of mutual interest to donors and the research community. The primary function of research and development support is to discover and attain cutting-edge knowledge about scientific and technological topics for the purpose of uncovering and enabling development of valuable new products, processes and services at our member-schools. X X X X 0 1 0 0 0 0 0 1 0 Dr Harry Lee Williams President & CEO 425000 0 200000 0 12000 0 25407 0 50114 0 712521 0 0 0 Aisha T Brown Chief Finance & Operations Officer 267992 0 49000 0 0 0 9510 0 33796 0 360298 0 0 0 George Spencer Chief Innovation & Growth Officer 233538 0 46000 0 0 0 22500 0 44949 0 346987 0 0 0 David Kyle Sheppard Chief Business and Legal Officer 237115 0 45000 0 0 0 19305 0 33651 0 335071 0 0 0 Andrea Horton Chief Marketing Officer 206154 0 40000 0 0 0 30000 0 42510 0 318664 0 0 0 Eric D Hart Chief Programs Officer 200000 0 40000 0 0 0 17000 0 43767 0 300767 0 0 0 Jason Hundley Executive VP of Finance & Operations 173692 0 34000 0 15000 0 19506 0 24115 0 266313 0 0 0 Amy D Goldstein Vice President, Strategy 150000 0 30000 0 0 0 29822 0 33070 0 242892 0 0 0 Betsy Ann Burton-Strunk Vice President of Development 150000 0 30000 0 0 0 10800 0 41823 0 232623 0 0 0 Christopher Brown Exec. Director & Research Scientist 175000 0 14000 0 0 0 11340 0 23611 0 223951 0 0 0 Martinique Lashawn Taylor Interim Chief Learning Officer 145386 0 30000 0 0 0 2298 0 40445 0 218129 0 0 0 Tamara Mathis Thompson Interim Chief Of Programs 154500 0 23000 0 0 0 7100 0 14180 0 198780 0 0 0 Part I, Line 4b During the year ended December 31, 2022, the Organization established a non-qualified deferred compensation plan ("the Plan") on behalf of certain key executives. Organized under Internal Revenue Code (IRC) Section 457(f), the Plan is funded through annual contributions by the Organization, and will be paid to the executives upon retirement. Part I, Line 7 Bonuses received by all officers are discretionary and determined based upon performance. Substantial contributor Subst. contributor 340862 Rent 0 Sch L, Part IV, Business Transactions Involving Interested Persons: (a) Name of Person: Substantial contributor(b) Relationship Between Interested Person and Organization: Substantial contributor(d) Description of Transaction: Rental of real property- Office Lease Form 990, Part III, Line 4a, Scholarships and grants (continuation): The identification process is implemented by pre-screening students for geographic preferences, career objectives, and matching TMCF's partners' needs. Qualified applicants demonstrate personal effectiveness competencies such as active listening skills, presentation skills, professionalism, dependability and reliability, interpersonal skills and self-awareness in order to model the behavior of a student for whom the talent acquisition division determines is the best recruit. TMCF Corporate Scholar Programs promote career readiness through scholarships, leadership development, boot camps, and immersive experiences for hand-selected student leaders attending HBCUs and PBIs. These highly competitive and unique programs leverage the knowledge, experience, and network of top employers from around the country and TMCF staff to foster a collaborative learning community. Students develop key leadership skills, nurture their originality and receive hands-on experience that will prepare them to be career ready as they join the workforce. Form 990, Part III, Line 4b, Leadership training and seminars (continuation): This training will equip future teachers with the skills they need to successfully enter high-need schools in urban and rural communities. Selected science, technology, engineering, and math (STEM) majors will take part in a two-week fellowship designed to expose those considering a career education to the latest theories and practices associated with exemplary science and mathematics instruction. Part V, Lines 2a & b, Part VII, Part IX Compensation & Benefits Reporting: TMCF has a professional employer organization (PEO) arrangement with Insperity. Insperity files all required federal employment tax returns. Form 990, Part VI, Section B, line 11b The Federal form 990 is prepared by an independent public accounting firm. The draft form 990 is initially reviewed by the Audit Committee and is made available to the entire Board of Directors before filing with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c TMCF's reputation for integrity is its most valuable asset and is directly related to the conduct of its Board of Directors, officers, and other employees. Therefore, employees must never use their positions with TMCF, or any of its clients, for private gain, to advance personal interests, or to obtain favors or benefits for themselves, members of their families or any other individuals, corporations or business entities. TMCF adheres to the highest legal and ethical standards applicable in our business. TMCF's business is conducted in strict observance of both the letter and spirit of all applicable laws and the integrity of each employee is of utmost importance. Employees of TMCF shall conduct their personal affairs such that their duties and responsibilities to TMCF are not jeopardized and/or legal questions do not arise with respect to their association or work with TMCF. Form 990, Part VI, Section B, line 15 TMCF uses independent board approval, comparability data, and contemporaneous substantiation of the deliberation and decision when determining compensation of the top management officials as well as key employees. Form 990, Part VI, Section C, line 19 TMCF does not make public governing documents or the conflict of interest policy. The financials statements are posted to the website. Form 990, Part XI, line 9: Uncollectible pledges -2,116,298. Form 990, Part XII, Line 2c: TMCF's Finance Committee is responsible for the oversight of the audit and the selection of the independent accountant. This process has not changed from prior years. TM2 Search LLC 901 F Street NW Suite 700 Washington DC 200041436 364827319 Education search/ leadership development services DE 30000 42352 Thurgood Marshall College Fund Opportunity Funding Corporation Inc 901 F Street NW Suite 700 Washington DC 200041436 521429761 Business plan funding/ dormant DC Thurgood Marshall College Fund Inc C 28 226006 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0