Tom Joyner Foundation Inc
- Assets
- $2.7m
- Revenue
- $601.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Dallas, TX
- Founding
- 08/1998
- Data as of
- 12/2021
- 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 12/2021, Tom Joyner Foundation Inc generated $601.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $887.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Tom Joyner Foundation Inc has awarded 170 individual grants totaling $2,972,803. 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
2021
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 179 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 |
|---|---|---|---|
Kathleen Parsons Cfo/treasurer | Officer | 40 | $136,796 |
Thomas Joyner President/ceo | OfficerTrustee | 2 | $0 |
Royce West Secretary | OfficerTrustee | 0.3 | $0 |
Reginald Weaver Director | Trustee | 0.3 | $0 |
Thomas Kalahar Director | Trustee | 0.3 | $0 |
Julia Atherton Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,374,364 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,565,054 |
| Total Program Service Revenue | $0 |
| Investment income | $46,608 |
| Tax Exempt Bond Proceeds | $4,642 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,014,521 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $601,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $617,712 |
| 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. | $136,796 |
| Compensation of current officers, directors, key employees. | $136,796 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,769 |
| Payroll taxes | $10,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,365 |
| Fees for services: Accounting | $21,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,778 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,846 |
| 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 | $0 |
| Insurance | $5,943 |
| All other expenses | $2,513 |
| Total functional expenses | $887,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,338,888 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,868 |
| 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 | $0 |
| Investments—publicly traded securities | $1,371,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,720,829 |
| Accounts payable and accrued expenses | $75,773 |
| Grants payable | $0 |
| Deferred revenue | $122,233 |
| 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 | $79,458 |
| Total liabilities | $277,464 |
| Net assets without donor restrictions | $2,381,068 |
| Net assets with donor restrictions | $62,297 |
| 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 | $2,720,829 |
Grants Awarded
Over the last fiscal year, Tom Joyner Foundation Inc has awarded $589,129 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: EDUCATION SCHOLARSHIP | $38,146 |
Winstonsalem, NC PURPOSE: EDUCATION SCHOLARSHIP | $30,550 |
Durham, NC PURPOSE: EDUCATION SCHOLARSHIP | $30,500 |
Dallas, TX PURPOSE: EDUCATION SCHOLARSHIP | $15,777 |
GRAMBLING STATE UNIVERSITY PURPOSE: EDUCATION SCHOLARSHIP | $15,545 |
Salisbury, NC PURPOSE: EDUCATION SCHOLARSHIP | $10,808 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Tom Joyner Foundation Inc has recieved totaling $76,096.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $45,685 |
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $27,728 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,723 |
Crennel Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $460 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |