T Howard Foundation
- Assets
- $2.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Silver Spring, MD
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 54-1712500
Organization Overview
T Howard Foundation is located in Silver Spring, MD. The organization was established in 1994. According to its NTEE Classification (T05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, T Howard Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. T Howard Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, T Howard Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO PROMOTE DIVERSITY IN MEDIA AND ENTERTAINMENT BY INCREASING THE NUMBER OF DIVERSE AND UNDERREPRESENTED GROUPS AND UNDERSERVED COMMUNITIES WITHIN THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A COMPREHENSIVE PROGRAMS FOR DIVERSE, UNDERREPRESENTED, AND UNDERSERVED COLLEGE STUDENTS. INCLUDING:* A SUMMER INTERNSHIP PROGRAM DESIGNED TO PREPARE DIVERSE STUDENTS AND STUDENTS FROM UNDERREPRESENTED GROUPS AND UNDERSERVED COMMUNITIES FOR ENTRY-LEVEL EMPLOYMENT IN THE MEDIA AND ENTERTAINMENT INDUSTRIES THROUGH HANDS-ON, PAID INTERNSHIPS WHERE THEY DEVELOP TANGIBLE AND MARKETABLE SKILLS;* A TALENT DEVELOPMENT PROGRAM THAT SUPPORTS YOUNG PROFESSIONALS AND RECENT COLLEGE GRADUATES TO HELP ENSURE THAT THEY ARE BETTER PREPARED AND QUALIFIED FOR EMPLOYMENT, TRAINING, AND ADVANCEMENT OPPORTUNITIES;AND* A DIVERSITY ADVANCEMENT PROGRAM THAT ASSISTS PARTNER COMPANIES IN THEIR EFFORTS TO ATTRACT, IDENTIFY, AND SECURE THE BEST DIVERSE TALENT FOR THEIR FULL-TIME HIRING NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine Pamphile President & CEO | OfficerTrustee | 40 | $285,259 |
Yvette Miley Secretary | Trustee | 2 | $0 |
Andy Topping First Vice Chair | OfficerTrustee | 2 | $0 |
Scott Weiss Founder & Chair Emeritus | OfficerTrustee | 2 | $0 |
Judi Lopez Chairperson | OfficerTrustee | 2 | $0 |
Michael Biard Vice Chair Finance | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,083,674 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $329,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,412,900 |
| Total Program Service Revenue | $286,828 |
| Investment income | $18,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,574 |
| Net Income from Fundraising Events | $78,652 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,774,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $37,995 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $487,290 |
| Compensation of current officers, directors, key employees. | $214,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $618,350 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,693 |
| Payroll taxes | $61,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $101,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,647 |
| Advertising and promotion | $0 |
| Office expenses | $34,900 |
| Information technology | $88,928 |
| Royalties | $0 |
| Occupancy | $81,492 |
| Travel | $40,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,795 |
| Insurance | $7,975 |
| All other expenses | $11,913 |
| Total functional expenses | $1,795,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,471 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $297,844 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,252 |
| Net Land, buildings, and equipment | $9,107 |
| Investments—publicly traded securities | $902,485 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,160 |
| Total assets | $2,016,319 |
| Accounts payable and accrued expenses | $118,849 |
| Grants payable | $0 |
| Deferred revenue | $124,915 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $214,738 |
| Total liabilities | $458,502 |
| Net assets without donor restrictions | $1,351,825 |
| Net assets with donor restrictions | $205,992 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,016,319 |