Td Jakes Foundation
- Assets
- $810.8k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Dallas, TX
- Founding
- Data as of
- 12/2021
- 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 12/2021, Td Jakes Foundation employed 6 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 12/2021, Td Jakes Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. 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
2021
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
STEAM PROGRAM - THE STEAM PROGRAM IS AN EDUCATIONAL APPROACH TO LEARNING THAT USES SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATHEMATICS AS ACCESS POINTS FOR GUIDING STUDENT INQUIRY, DIALOGUE, AND CRITICAL THINKING. THE FOUNDATION HAS 3 STRATEGIC PILLARS FOR PROGRAMMING TO INCLUDE WORKFORCE READINESS; CORPORATE PARTNERSHIPS; AND COMMUNITY BUILDING. 2021 ACTIVITIES INCLUDED: 1. WORKFORCE READINESS: * STEAM I: "HAMILTON" DALLAS SUMMER MUSICALS - 3,000 STUDENTS PARTICIPATED, 36 TEACHING ARTISTS, 18 DISD TEACHERS ACROSS 60 CLASSROOMS. * STEAM II: VIRTUAL STEAM CAMP - APPROXIMATELY 3,000 STUDENTS PARTICIPATED * STEAM III: GLOBAL TECHNOLOGY ROUNDTABLE WITH KONZA TECHNOPOLIS IN NAIROBI, KENYA (APPROXIMATELY 150 PARTICIPANTS) 2. CORPORATE PARTNERSHIPS: DALLAS MAVERICKS, AT&T, JACOBS ENGINEERING, GOLDMAN SACHS, WALTON FAMILY FOUNDATION, TONY ROBBINS FOUNDATION, STATE FARM 3. COMMUNITY BUILDING: THE WILKINSON CENTER, TORI, AND COMMUNITY COUNCIL OF DALLAS.
PATHWAY PROGRAM - THE PATHWAY PROGRAM LAUNCHED IN 2021 BROUGHT TOGETHER WORKFORCE READINESS AND COMMUNITY BUILDING PROGRAMS, CUTTING-EDGE TECHNOLOGY AND SOCIAL SERVICES SUBJECT-MATTER EXPERTS, INTO A SINGULAR ENVIRONMENT. THROUGH THE PATHWAY PROGRAM, UNDERSERVED COMMUNITIES HAVE ACCESS TO HOLISTIC LIFECYCLE PROGRAMS, INCLUDING WORKFORCE READINESS TRAINING IN AREAS LIKE CYBERSECURITY, NURSING, ACCOUNTING AND RADIOLOGY; AND COMMUNITY BUILDING (WRAPAROUND SERVICES) TO SUSTAIN THE FAMILY FINANCIALLY. THIS AGGREGATION AND INTEGRATION OF SOCIAL SERVICES WITHIN THE PATHWAY PROGRAM PROVIDED A CLEAR AND MEASURABLE PATH FOR INDIVIDUALS AND THEIR HOUSEHOLDS TO ACHIEVE ECONOMIC MOBILITY. THE PATHWAY PROGRAM STARTS WITH THE INDIVIDUAL AND ULTIMATELY SERVES THE WHOLE HOUSEHOLD. THE PATHWAY PROGRAM WAS LAUNCHED WITH A HIRING EXPO ON AUGUST 17, 2021 WITH 1,400 PARTICIPANTS AND 2 CORPORATIONS (UT SOUTHWEST AND TBK BANK) AND THE PATHWAY APP IS CURRENTLY BEING EXPANDED TO MEET CAPACITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $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 | $1,257,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,257,358 |
| Total Program Service Revenue | $0 |
| Investment income | $215 |
| 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 | $1,257,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $182,320 |
| 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. | $500,506 |
| Compensation of current officers, directors, key employees. | $111,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,494 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $106,674 |
| Payroll taxes | $50,382 |
| Fees for services: Management | $65,000 |
| Fees for services: Legal | $24,387 |
| Fees for services: Accounting | $110,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,590 |
| Advertising and promotion | $277,350 |
| Office expenses | $10,953 |
| Information technology | $84,838 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,069 |
| All other expenses | $51,445 |
| Total functional expenses | $2,160,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $773,210 |
| Savings and temporary cash investments | $24,907 |
| 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 | $12,689 |
| 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 | $810,806 |
| Accounts payable and accrued expenses | $313,049 |
| 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 | $313,049 |
| Net assets without donor restrictions | $497,757 |
| 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 | $810,806 |
Grants Awarded
Over the last fiscal year, Td Jakes Foundation has awarded $182,320 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: Pilot Pathway Program | $122,076 |
Dallas, TX PURPOSE: Pilot Pathway Program | $35,244 |
Dallas, TX PURPOSE: Pilot Steam program | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Td Jakes Foundation has recieved totaling $605,995.
| Awarding Organization | Amount |
|---|---|
Horowitz Family Foundation Palo Alto, CA PURPOSE: ADVANCEMENT OF RACIAL AND GENDER EQUITY | $250,000 |
United Way Of Greater St Louis Inc Saint Louis, MO PURPOSE: CCS - Financial Stability | $100,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: EXECUTE COMMUNICATIONS EFFORTS TO BUILD AWARENESS AND SUPPORT ADVOCACY WORK ON ISSUES RELATED TO EDUCATION IN TEXAS AND NATIONALLY. | $100,000 |
World Wide Technology Foundation St Louis, MO PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $50,000 |
Steward Family Foundation St Louis, MO PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $50,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $26,414 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Workforce Solutions For South Texas Laredo, TX | $2,166,011 | $19,867,882 |
Deep East Texas Local Workforce Development Board Incorporated Lufkin, TX | $1,729,428 | $18,410,549 |
Launch Global Richardson, TX | $5,975,467 | $10,354,602 |
Rural Capital Area Workforce Development Board Inc Cedar Park, TX | $3,449,616 | $9,394,999 |
Project Quest Inc San Antonio, TX | $2,369,598 | $9,372,995 |
Texas Educational Foundation Inc San Antonio, TX | $1,129,254 | $386,993 |
Gulf Coast Carpenters & Millwrights Training Trust Fund Austin, TX | $15,423,241 | $7,036,287 |
Southwestern Line Construction Electrical Joint Apprenticeship Albuquerque, NM | $14,369,563 | $8,044,899 |
Employment Resources Inc Tulsa, OK | $2,608,990 | $4,335,874 |
C L C Inc Fort Worth, TX | $2,716,562 | $3,129,165 |
Joint Apprentice Committee Of Local Union 211 Deer Park, TX | $12,119,374 | $2,928,345 |
Houstons Capital Investing In Development & Employment Of Adults Houston, TX | $725,437 | $2,217,436 |