Tom Joyner Foundation Inc
- Assets
- $8.5m
- Revenue
- $87.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Dallas, TX
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 75-2730557
Organization Overview
Tom Joyner Foundation Inc is located in Dallas, TX. The organization was established in 1998. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tom Joyner Foundation Inc 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, Tom Joyner Foundation Inc generated $87.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (47.8%) each year. All expenses for the organization totaled $447.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Tom Joyner Foundation Inc has awarded 178 individual grants totaling $3,144,092. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADMINISTERS EDUCATIONAL & SCHOLARSHIP PROGRAMS FOR STUDENTS ENROLLED IN HBCUS (HISTORICALLY BLACK COLLEGES AND UNIVERSITIES).
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED OVER 95 SCHOLARSHIPS TO STUDENTS ATTENDING 83 DIFFERENT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Joyner President/ceo | OfficerTrustee | 2 | $0 |
Royce West Secretary | OfficerTrustee | 0.3 | $0 |
Julia Atherton Director | Trustee | 0.3 | $0 |
Thomas Kalahar Director | Trustee | 0.3 | $0 |
Reginald Weaver Director | Trustee | 0.3 | $0 |
Allison Joyner Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,188 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,169 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,357 |
| Total Program Service Revenue | $0 |
| Investment income | $42,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$71,238 |
| Net Income from Fundraising Events | -$120,027 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,032 |
| Compensation of current officers, directors, key employees. | $153,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,033 |
| Fees for services: Management | $15,150 |
| Fees for services: Legal | $4,495 |
| Fees for services: Accounting | $21,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,424 |
| Fees for services: Other | $37,779 |
| Advertising and promotion | $0 |
| Office expenses | $2,991 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,148 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331 |
| Insurance | $5,828 |
| All other expenses | $1,316 |
| Total functional expenses | $447,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,129,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,220,118 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,322 |
| Investments—publicly traded securities | $1,188,558 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,539,724 |
| Accounts payable and accrued expenses | $8,819 |
| Grants payable | $0 |
| Deferred revenue | $6,566,064 |
| 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 | $22,476 |
| Total liabilities | $6,597,359 |
| Net assets without donor restrictions | $1,930,068 |
| Net assets with donor restrictions | $12,297 |
| 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 | $8,539,724 |
Grants Awarded
Over the last fiscal year, Tom Joyner Foundation Inc has awarded $171,289 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE SPORTS TOURIST DEVELOPMENT COUNCIL INC PURPOSE: EDUCATION SCHOLARSHIP | $50,200 |
MORRIS BROWN COLLEGE PURPOSE: EDUCATION SCHOLARSHIP | $7,862 |
BOWIE STATE UNIVERSITY PURPOSE: EDUCATION SCHOLARSHIP | $10,000 |
HOWARD UNIVERSITY PURPOSE: EDUCATION SCHOLARSHIP | $44,768 |
CLARK ATANTA UNIVERSITY PURPOSE: EDUCATION SCHOLARSHIP | $10,808 |
NORTH CAROLINA A&T STATE UNIVERSITY PURPOSE: EDUCATION SCHOLARSHIP | $5,010 |