T Thomas Fortune Foundation
- Assets
- $914.2k
- Revenue
- $128.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Red Bank, NJ
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-5308319
Organization Overview
T Thomas Fortune Foundation is located in Red Bank, NJ. The organization was established in 2017. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, T Thomas Fortune Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. T Thomas Fortune 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 12/2023, T Thomas Fortune Foundation generated $128.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $127.3k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE T. THOMAS FORTUNE FOUNDATION IS TO PRESERVE AND FURTHER THE CIVIL RIGHTS AND SOCIAL JUSTICE LEGACY OF T. THOMAS FORTUNE THROUGH COMMUNITY OUTREACH, EDUCATION AND PUBLIC PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE T. THOMAS FORTUNE FOUNDATION WAS ESTABLISHED TO FULFILL FIVE INITIATIVES: 1. EDUCATE THE PUBLIC ABOUT THE IMPACT OF T. THOMAS FORTUNES LIFE AND WORK AS A JOURNALIST, WRITER, AND ACTIVIST ON CIVIL RIGHTS AND AFRICAN AMERICAN HISTORY. 2. ADVOCATE FOR HUMAN RIGHTS AND SOCIAL JUSTICE BROADLY AND IN RESPONSE TO LOCAL, REGIONAL, AND NATIONAL ISSUES OF THE DAY AND ON BEHALF OF CURRENT ECONOMIC AND HUMAN RIGHTS ISSUES IMPACTING EDUCATION AND COMMUNITIES. 3. PROMOTE BETTER HUMAN RELATIONS AND JOURNALISTIC INTEGRITY AND EXCELLENCE, ESPECIALLY AMONG THE UPCOMING GENERATIONS OF SOCIAL JUSTICE ADVOCATES AND TRUTH TELLERS. 4. PRESERVE THE NATIONAL HISTORIC LANDMARK HOME OF T. THOMAS FORTUNE AS A CULTURAL CENTER AND GATHERING PLACE FOR EDUCATION, RESEARCH, COMMUNITY ENGAGEMENT, ORGANIZING AND CELEBRATION. 5. MAINTAIN THE CULTURAL CENTER THROUGH FUNDRAISING, AND SUSTAIN ITS OPERATION AS OWNER AND MANAGER, PROVIDING EXHIBITION, RESEARCH AND MEETING SPACE FOR EDUCATIONAL PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilda Rogers Executive Di | Officer | 20 | $28,575 |
Kerwin Webb Chairman | Officer | 10 | $0 |
James King Treasurer | Officer | 10 | $0 |
Robin Blair Secretary | Officer | 10 | $0 |
Walter Greason President Em | Officer | 7 | $0 |
Mark Fitzsimmons Trustee | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,102 |
| Total Program Service Revenue | $1,431 |
| Investment income | $1,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,844 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,606 |
| Office expenses | $3,497 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,589 |
| 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 | $13,785 |
| Insurance | $3,298 |
| All other expenses | $8,082 |
| Total functional expenses | $127,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,642 |
| Savings and temporary cash investments | $22,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $552 |
| 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 | $756,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,481 |
| Total assets | $914,229 |
| Accounts payable and accrued expenses | $4,989 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $4,989 |
| Net assets without donor restrictions | $909,240 |
| Net assets with donor restrictions | $0 |
| 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 | $914,229 |