2021-10-20T10:27:08-05:00 2020-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2020-01-01 411750692 Thurgood Marshall College Fund THUR 2025074851 901 F Street NW No 700 Washington DC 200041436 Aisha T Brown CFO and COO 2025074851 2021-10-20 1 Aisha Brown XXX-XX-XXXX Lori A Collingsworth P00639819 7038930300 2021-10-19 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Harry L Williams 901 F Street NW No 700 Washington DC 200041436 97476264 0 X www.tmcf.org X 1993 DE Providing leadership development, scholarships, and advocacy to prepare new leaders. 23 23 80 24 0 0 23044196 97217874 15103 76300 65747 98643 -425369 20976 22699677 97413793 6903820 7982346 0 0 7574199 6876781 0 0 1901170 7492033 7015480 21970052 21874607 729625 75539186 14929633 86074777 3957932 2189550 10971701 83885227 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 7982346 7982346 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 6455312 76300 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 677 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. 14438335 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1 0 1 0 0 1 0 0 0 1 1 1 0 0 0 1 X 150 0 1 80 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 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 Jason M Hundley Senior Director o 2025074851 901 F Street NW No 700 Washington DC 200041436 Charles Merinoff Chairman 1.00 0.00 X 0 0 0 Chris Scalia Director 1.00 0.00 X 0 0 0 Collis R Jones Director 1.00 0.00 X 0 0 0 David Osswald Director 1.00 0.00 X 0 0 0 Doris E Harley Director 1.00 0.00 X 0 0 0 Dr N Joyce Payne Director 1.00 0.00 X 0 0 0 Gregory Jones Director 1.00 0.00 X 0 0 0 Joshua Petty Director 1.00 0.00 X 0 0 0 Kent J Smith Jr Esq Director 1.00 0.00 X 0 0 0 Kevin Walling Director 1.00 0.00 X 0 0 0 Lane McBride Director 1.00 0.00 X 0 0 0 Maria D Melendez Director 1.00 0.00 X 0 0 0 Michelle Nettles Director 1.00 0.00 X 0 0 0 Neil A Simmons Director 1.00 0.00 X 0 0 0 Paul W Sweeney Jr Esq Director 1.00 0.00 X 0 0 0 Racquel Oden Director 1.00 0.00 X 0 0 0 Robert A Engel Director 1.00 0.00 X 0 0 0 Sandra Hurse Director 1.00 0.00 X 0 0 0 Tartia Williams Director 1.00 0.00 X 0 0 0 Theodore Ted Colbert Director 1.00 0.00 X 0 0 0 Toni Townes-Whitely Director 1.00 0.00 X 0 0 0 Tony Rogers Director 1.00 0.00 X 0 0 0 Virgis W Colbert Director 1.00 0.00 X 0 0 0 William H Walton III Director 1.00 0.00 X 0 0 0 Dr Harry L Williams President & CEO 40.00 0.00 X 675882 0 13630 David Sheppard Chief of Staff & Chief Legal Officer 40.00 0.00 X 281639 0 7130 Aisha Brown Chief Financial & Operations Officer 40.00 0.00 X 235449 0 5896 Andrea Horton Chief Programs Officer 40.00 0.00 X 281026 0 8628 George Spencer Chief Development Officer 40.00 0.00 X 241719 0 13562 Jamaal Bailey Chief Marketing Officer 40.00 0.00 X 246672 0 2328 Amy Goldstein Asst VP, Organizational Advancement 40.00 0.00 X 190189 0 12378 Betsy Burton-Strunk Vice President of Development 40.00 0.00 X 145328 0 7942 Jason Hundley Assistant Vice President of Finance 40.00 0.00 X 136498 0 5220 Sean Burns Assistant VP Government Relations 40.00 0.00 X 134694 0 1502 2569096 0 78216 10 0 1 0 Big Face Entertainment 3495 BuckHead Loop 18707 Atlanta GA 31126 Original Cost for Production for the 202 655000 ACUE(Association of College and Universi 745 Fifth Avenue 500 New York NY 10151 Full Course Cohort/ Educational Consulti 162500 Robin Heller International LLC 8004 Barron Street Suite 2 West Takoma Park MD 20912 Fundraising Support and Counsel Services 115642 3 58750 3037607 481964 93639553 151942 97217874 Registration fees 900099 75300 75300 Contract revenue 900099 1000 1000 76300 98333 98333 49975 305 49970 0 5 305 310 310 12501 3037607 12501 0 CC Rewards and rebates 900099 20976 20976 20976 97413793 76300 0 119619 X 2445197 2445197 5537149 5537149 2013561 764826 983999 264736 3732225 1417640 1823886 490699 107974 41012 52766 14196 621538 236083 303738 81717 401483 152498 196199 52786 36566 36566 40901 40901 3779287 3034905 563654 180728 221216 81850 117928 21438 329946 150454 171617 7875 724197 302109 411758 10330 503141 55337 447804 64584 2037 54327 8220 1049813 122232 162379 765202 63870 6930 56940 9636 9636 31678 3437 28241 Dues and subscriptions 108898 53139 52516 3243 Employee recruitment 39830 31500 8330 State registrations 11917 11917 21874607 14438335 5535102 1901170 3290656 26041249 761102 2483189 7979910 10286146 24691 34772 1575000 1125000 840692 421016 817728 812460 14904 5268 212996 45448846 226464 226073 3218 3218 14929633 86074777 1152486 492016 754002 467552 988798 0 800000 925976 262646 304006 3957932 2189550 X -3318172 52116292 14289873 31768935 10971701 83885227 14929633 86074777 X 75539186 131678 -2757338 X X 0 1 X 1 0 X 16882396 21693033 24879611 23044196 97217874 183717110 16882396 21693033 24879611 23044196 97217874 183717110 24300343 159416767 215824 94077 67098 65747 98333 541079 184258189 2452581 0.86520 0.68070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 250000 250000 250000 250000 250000 250000 250000 250000 250000 0.00000 1.00000 0.00000 0 0 507222 501954 5268 310506 310506 0 5268 Deferred rent 83483 Due to affiliate 220523 304006 X 98912080 132069 1394612 12507 1539188 97372892 40901 40901 97413793 25998554 1394612 2770236 4164848 21833706 40901 40901 21874607 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, 2020 and 2019, 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 12,501. OFC consolidated income 6. Part XII, Line 2d - Other Adjustments: Special event expenses 12,501. OFC consolidated expenses 397. Uncollectible pledges 2,757,338. 33rd Gala (virtual) 3050108 3037607 12501 2000 10501 3050108 3037607 12501 2000 10501 12501 0 1 Alabama A&M University 105 Patton Hall Normal AL 35762 636001097 501(c)(3) or 115 25000 0 N/A N/A Capacity Building Albany State University 504 College Drive Albany GA 31705 586001996 501(c)(3) or 115 420000 0 N/A N/A Center for Advancing Opportunity (CAO) Research Grant Delaware State University Foundation Inc 1200 Dupont Hwy 2nd Floor Admin Bldg Dover DE 19901 201372435 501(c)(3) 21000 0 N/A N/A Research Grant Fayetteville State University 1200 Murchison Rd Fayetteville NC 283014298 561238736 501(c)(3) or 115 50000 0 N/A N/A Capacity Building Howard University 2201 Georgia Avenue NW Washington DC 20059 530204707 501(c)(3) 25000 0 N/A N/A Capacity Building Morehouse College 830 Westview Drive Atlanta GA 303143773 580566205 501(c)(3) 25000 0 N/A N/A Capacity Building Morgan State University Foundation 1700 E Cold Spring Ln Baltimore MD 21251 237089143 501(c)(3) 18747 0 N/A N/A Capacity Building North Carolina Agricultural and Technical State University 1601 E Market St Greensboro NC 27411 566000007 501(c)(3) or 115 24100 0 N/A N/A Capacity Building Spelman College 350 Spelman Ln SW Atlanta GA 303144395 580566243 501(c)(3) or 115 25000 0 N/A N/A Capacity Building Texas Southern University 3100 Cleburne Street Houston TX 77004 746001391 501(c)(3) or 115 786000 0 N/A N/A Center for Advancing Opportunity (CAO) Research Grant Tuskegee University 1200 W Montgomery Rd Tuskegee AL 36088 630288878 501(c)(3) 50000 0 N/A N/A Capacity Building University of the District of Columbia Foundation 4200 Connecticut Avenue NW Washington DC 20008 521152624 501(c)(3) 100000 0 N/A N/A Capacity Building Virginia State University 1 Hayden St Petersburg VA 23806 546074532 501(c)(3) or 115 101250 0 N/A N/A Fleischer Scholars Program West Virginia State University Foundation Inc 100 Barron Drive East Hall PO Box 1000 Insitute WV 251121000 556019228 501(c)(3) 110000 0 N/A N/A Research Grant Winston Salem State University 601 S Martin Luther King Jr Drive WinstonSalem NC 27110 566001466 501(c)(3) or 115 664100 0 N/A N/A Center for the Study of Economic Mobility (CSEM) Grant 15 0 Scholarships 2572 5537149 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 0 0 0 0 0 0 1 0 Dr Harry L Williams President & CEO 425882 0 250000 0 0 0 9750 0 3880 0 689512 0 0 0 Andrea Horton Chief Programs Officer 206026 0 75000 0 0 0 6000 0 2628 0 289654 0 0 0 David Sheppard Chief of Staff & Chief Legal Officer 212639 0 69000 0 0 0 3250 0 3880 0 288769 0 0 0 George Spencer Chief Development Officer 176719 0 65000 0 0 0 9750 0 3812 0 255281 0 0 0 Jamaal Bailey Chief Marketing Officer 177672 0 39000 0 30000 0 0 0 2328 0 249000 0 0 0 Aisha Brown Chief Financial & Operations Officer 165449 0 70000 0 0 0 3268 0 2628 0 241345 0 0 0 Amy Goldstein Asst VP, Organizational Advancement 171134 0 19055 0 0 0 9750 0 2628 0 202567 0 0 0 Betsy Burton-Strunk Vice President of Development 125328 0 20000 0 0 0 4062 0 3880 0 153270 0 0 0 Part I, Line 7 Bonuses received by all officers are discretionary and determined based upon performance. See Part V Part V Part V X 1000000 450000 0 1 1 See Part V Part V Part V X 1000000 675000 0 1 1 1125000 Substantial contributor Subst. contributor 368912 Rent 0 Schedule L, Part II, Loans To and From Interested Persons: (a) Name of Person: Substantial contributor(b) Relationship with Organization: Substantial contributor(c) Purpose of Loan: Note receivable consists of a note issued in March 2018 to a private corporation, for the repurchase of donated stocks back from the Organization, over five years, in 20% annual increments plus accrued interest each year.Original principal amount: 1,000,000Balance due beginning of year: 675,000Balance due end of year: 450,000(a) Name of Person: Substantial contributor(b) Relationship with Organization: Substantial contributor(c) Purpose of Loan: Note receivable consists of a note issued in May 2019 to a private corporation, for the repurchase of donated stocks back from the Organization, with $100,000 down payment and four equal increments of $225,000 plus accrued interest each year for the next four years.Original principal amount: 1,000,000Balance due beginning of year: 900,000Balance due end of year: 675,000 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 X 4 111942 Fair Market Value X Apple Beats 1 40000 Fair Market Value 0 0 0 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. 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 IX, line 11g Contractors/consultants: Program service expenses 3,034,905. Management and general expenses 563,654. Fundraising expenses 180,728. Total expenses 3,779,287. Form 990, Part XI, line 9: Uncollectible pledges -2,757,338. Form 990, Part XII, Line 2c: TMCF's Finance Committee is responsible for oversight of the audit, including selection of the independent accountant. The process is consistent with previous years. TM2 Search LLC 901 F Street NW Suite 700 Washington DC 200041436 364827319 Education search/ leadership development services DE 0 22352 Thurgood Marshall College Fund Opportunity Funding Corporation Inc 901 F Street NW Suite 700 Washington DC 200041436 521429761 Business plan funding DC Thurgood Marshall College Fund Inc C 6 226073 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0