Td Jakes Foundation
- Assets
- $465.4k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Dallas, TX
- Founding
- Data as of
- 12/2022
- EIN
- 84-4667327
Organization Overview
Td Jakes Foundation is located in Dallas, TX. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2022, Td Jakes Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Td Jakes 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, Td Jakes Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. 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
TO CREATE SUSTAINABLE WORKFORCE DEVELOPMENT AND COMMUNITY BUILDING SERVICES ESSENTIAL TO BUILDING BRIDGES TO OPPORTUNITIES IN THE U.S. AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATHWAY TO OPPORTUNITY IS THE UMBRELLA FOR T.D. JAKES FOUNDATION'S PROGRAMS IN WORKFORCE READINESS AND IN FINANCIAL FORTITUDE & HOMEOWNERSHIP. PATHWAY TO OPPORTUNITY: WORKFORCE READINESS BUILDS BRIDGES BETWEEN JOB-SEEKERS AND LIFE-CHANGING EMPLOYMENT OPPORTUNITIES. WE PARTNER WITH LOCAL, NATIONAL, AND GLOBAL COMPANIES THAT ARE SEEKING TALENT, AND CONNECT THEM TO DIVERSE POOLS OF JOB-READY CANDIDATES. WE ARE THE RESOURCE FOR JOB-SEEKERS, PROVIDING TRAINING WORKSHOPS IN-PERSON AND ONLINE RESOURCES FOR JOB PREPARATION, RESUME-BUILDING, INTERVIEWING, SOCIAL/EMOTIONAL CAPABILITY, AND MORE. PATHWAY TO OPPORTUNITY: FINANCIAL FORTITUDE & HOMEOWNERSHIP IS A COMPREHENSIVE PROGRAM THAT SUPPORTS INDIVIDUALS AND FAMILIES IN GAINING FINANCIAL CAPABILITY AND STRENGTH, AND ULTIMATELY PREPARES THEM FOR HOMEOWNERSHIP.
STEAM PROGRAM IS AN EDUCATION APPROACH TO LEARNING THAT USES SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS AS ACCESS POINTS FOR GUIDING STUDENT INQUIRY, DIALOGUE, AND CRITICAL THINKING. IN 2022, THE PROGRAM PRODUCED THE PLAY "AIN'T TOO PROUD TO BEG", HELD VARIOUS JOB FAIRS AND NETWORKING EVENTS WITH CORPORATE PARTNERS DESIGNED FOR WOMEN AND MINORITIES TO GAIN ACCESS TO EMPLOYMENT, AND PROVIDED 300 LAPTOP COMPUTERS TO VARIOUS HIGH SCHOOLS IN THE DALLAS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary & Director | OfficerTrustee | 40 | $172,936 |
Name Not Listed Treasurer & Director | OfficerTrustee | 1 | $0 |
Name Not Listed President/ceo/chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Chief Partnership Officer | 40 | $101,194 | |
Name Not Listed Chief Of Staff | 40 | $120,352 |
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 | $1,977,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,977,127 |
| Total Program Service Revenue | $0 |
| Investment income | $519 |
| 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 | $1,977,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,500 |
| 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. | $199,366 |
| Compensation of current officers, directors, key employees. | $39,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $418,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,757 |
| Payroll taxes | $48,121 |
| Fees for services: Management | $309,695 |
| Fees for services: Legal | $13,681 |
| Fees for services: Accounting | $130,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,425 |
| Office expenses | $93,252 |
| Information technology | $31,334 |
| Royalties | $0 |
| Occupancy | $150 |
| Travel | $26,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,695 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,306 |
| All other expenses | $0 |
| Total functional expenses | $2,391,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,701 |
| Savings and temporary cash investments | $25,133 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,564 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $465,398 |
| Accounts payable and accrued expenses | $281,073 |
| 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 | $281,073 |
| Net assets without donor restrictions | $184,325 |
| 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 | $465,398 |
Grants Awarded
Over the last fiscal year, Td Jakes Foundation has awarded $97,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS MOMENTUM INC PURPOSE: Tomorrow Fund Investment | $20,000 |
TEXAS WOMEN'S FOUNDATION PURPOSE: Leadership Forum & Awards | $22,000 |
CONSCIOUS CAPITALISM INC PURPOSE: General Donation | $20,000 |
DALLAS HOLOCAUST AND HUMAN RIGHTS PURPOSE: Ambassador of Hope Sponsor | $10,000 |
GIRL SCOUTS OF NORTHEAST TEXAS PURPOSE: Support 2022 Women of Distinction Lunch | $25,000 |