Form 990 for tax year 2023
Filed by DESCENDANTS TRUTH AND RECONCILIATION FOUNDATION.
Totals
- Total revenue
- $2,867,702
- Total expenses
- $500,035
- Contributions and grants received
- $2,832,832
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $23,787
- Other revenue
- $11,083
- Total assets, end of year
- $2,838,314
- Total liabilities, end of year
- $90,875
- Net assets or fund balances, end of year
- $2,747,439
- Program services expenses (Part IX)
- $250,206
- Management and general expenses
- $249,829
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $250,206
Program services were 50.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$2,832,832
-
3 · Investment income
total $23,787 · related or exempt $23,787
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Realized and Unrealized gains
total $11,083 · related or exempt $11,083
-
11e · Other revenue, total
$11,083
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $30,206 · program services $30,206
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $90,000 · management and general $90,000
-
11b · Fees: legal
total $33,423 · management and general $33,423
-
11c · Fees: accounting
total $11,489 · management and general $11,489
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $222,931 · program services $220,000 · management and general $2,931
-
12 · Advertising and promotion
total $88,793 · management and general $88,793
-
13 · Office expenses
total $14,206 · management and general $14,206
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $8,987 · management and general $8,987
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $362,386 · end of year $78,318
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $2,759,996
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $90,875
-
27 · Net assets without donor restrictions
beginning of year $362,386 · end of year $605,296
-
28 · Net assets with donor restrictions
end of year $2,142,143
Mission and programs · 2023
Mission
The Foundation will provide moral, intellectual and financial support to individuals, organizations and communities that are engaged in truth-seeking, racial healing and transformation programs and activities that can lead to internalizing the truth about slavery, dismantling the remnants of the legacy of slavery in America, mitigating the destructive presence of racism, and achieving the atonement and reconciliation that is badly needed by our nation and the world.
-
The Descendants Truth & Reconciliation Foundation has partnered with Thurgood Marshall College Fund (TMCF) to provide educational advancement opportunities to Descendants of Jesuit slaveholding in the United States. The initiative is part of the Foundation's core programming plans, which include supporting the educational aspirations of Descendants from early childhood education through post-secondary education; investing in truth, racial healing, and reconciliation in communities and organizations throughout America; and supporting elderly and infirm Descendants.
Expenses $250,206 · Revenue $1,582,832
As filed on the 2023 return.
Listed in Part VII
-
Cheryllyn M Branche
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Joseph M Stewart
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Rochell Sanders Prater
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Father Timothy P Kesicki
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Joseph A Ferrara PhD
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
John K Pierre
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
La June Montgomery Tabron
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Archbishop Shelton J Fabre
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Monica Haslip
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Cheryl E Hall
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Father Brian Paulson
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Father Scott Santarosa
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Karl Kiser
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Cheryl Campbell
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Bishop Fernand Cheri
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Monique Trusclair Maddox
Board Chair & CEO
- Total calculated
- $0
- Hours/week
- 10
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423159349300932
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