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Nonprofiteer
← TOM JOYNER FOUNDATION INC

Form 990 for tax year 2022

Filed by TOM JOYNER FOUNDATION INC.

Totals

Total revenue
$87,304
Total expenses
$447,605
Contributions and grants received
$236,357
Grants paid
$130,600
Program service revenue
$0
Investment income
-$29,026
Other revenue
-$120,027
Total assets, end of year
$8,539,724
Total liabilities, end of year
$6,597,359
Net assets or fund balances, end of year
$1,942,365
Program services expenses (Part IX)
$145,750
Management and general expenses
$264,076
Fundraising expenses
$37,779
Program service expenses (Part III)
$145,750

Program services were 32.6% 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.

  • 1c · Fundraising events

    $43,188

  • 1f · All other contributions, gifts and grants

    $193,169

  • 3 · Investment income

    total $42,212 · excluded $42,212

  • 7a · Gross sales of assets other than inventory

    securities $700,042

  • 7b · Less cost or other basis and sales expenses

    securities $771,280

  • 7c · Gain or loss

    securities -$71,238

  • 7d · Net gain or loss

    total -$71,238 · excluded -$71,238

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $43,188

  • 8b · Fundraising events: direct expenses

    $120,027

  • 8c · Net income from fundraising events

    total -$120,027 · excluded -$120,027

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,600 · program services $130,600

  • 5 · Compensation of officers, directors and key employees

    total $153,032 · management and general $153,032

  • 10 · Payroll taxes

    total $11,033 · management and general $11,033

  • 11a · Fees: management

    total $15,150 · program services $15,150

  • 11b · Fees: legal

    total $4,495 · management and general $4,495

  • 11c · Fees: accounting

    total $21,292 · management and general $21,292

  • 11f · Fees: investment management

    total $12,424 · management and general $12,424

  • 11g · Fees: other

    total $37,779 · fundraising $37,779

  • 13 · Office expenses

    total $2,991 · management and general $2,991

  • 16 · Occupancy

    total $21,148 · management and general $21,148

  • 22 · Depreciation, depletion and amortization

    total $331 · management and general $331

  • 23 · Insurance

    total $5,828 · management and general $5,828

  • 24a · Other expenses: WEBSITE EXPENSE

    total $21,000 · management and general $21,000

  • 24b · Other expenses: LICENSES

    total $5,238 · management and general $5,238

  • 24c · Other expenses: MEDIA RELATIONS

    total $2,318 · management and general $2,318

  • 24d · Other expenses: UTILITIES

    total $1,630 · management and general $1,630

  • 24e · All other expenses

    total $1,316 · management and general $1,316

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,338,888 · end of year $3,129,726

  • 4 · Accounts receivable

    beginning of year $10,868 · end of year $4,220,118

  • 10a · Land, buildings and equipment: cost or other basis

    $11,940

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,618

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,322

  • 11 · Investments: publicly traded securities

    beginning of year $1,371,073 · end of year $1,188,558

  • 17 · Accounts payable and accrued expenses

    beginning of year $75,773 · end of year $8,819

  • 19 · Deferred revenue

    beginning of year $122,233 · end of year $6,566,064

  • 25 · Other liabilities

    beginning of year $79,458 · end of year $22,476

  • 27 · Net assets without donor restrictions

    beginning of year $2,381,068 · end of year $1,930,068

  • 28 · Net assets with donor restrictions

    beginning of year $62,297 · end of year $12,297

Mission and programs · 2022

Mission

THE TOM JOYNER FOUNDATION ADMINISTERS EDUCATIONAL AND SCHOLARSHIP PROGRAMS FOR STUDENTS ENROLLED IN HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCU).

Activities or mission (Part I)

ADMINISTERS EDUCATIONAL & SCHOLARSHIP PROGRAMS FOR STUDENTS ENROLLED IN HBCUS (HISTORICALLY BLACK COLLEGES AND UNIVERSITIES).

  • AWARDED OVER 95 SCHOLARSHIPS TO STUDENTS ATTENDING 83 DIFFERENT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS).

    Expenses $145,750 · Grants $130,600

As filed on the 2022 return.

Listed in Part VII

  • Thomas Joyner

    PRESIDENT/CEO

    Total calculated
    $0
    Hours/week
    2

  • Royce West

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Julia Atherton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Thomas Kalahar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Reginald Weaver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Allison Joyner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Danielle Joyner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kathleen Parsons

    CFO/TREASURER

    Total calculated
    $153,032
    From this org
    $136,796
    From related orgs
    $0
    Other
    $16,236
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,796
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,236
    Filer's total
    $153,032

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
17 August 2023
IRS schema version
2022v5.0
Source object
202342429349300729

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