Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $58,750

• 1c · Fundraising events

  $808,282

• 1e · Government grants (contributions)

  $103,701

• 1f · All other contributions, gifts and grants

  $70,267,861

• 1g · Noncash contributions included above

  $149,129

• 2a · Program service revenue: Registration fees

  total $239,250 · related or exempt $239,250

• 3 · Investment income

  total $1,037,884 · excluded $1,037,884

• 7a · Gross sales of assets other than inventory

  securities $32,593,762

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

  securities $35,409,894

• 7c · Gain or loss

  securities -$2,816,132

• 7d · Net gain or loss

  total -$2,816,132 · excluded -$2,816,132

• 8a · Fundraising events: gross income

  $170,810

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

  $808,282

• 8b · Fundraising events: direct expenses

  $442,467

• 8c · Net income from fundraising events

  total -$271,657 · excluded -$271,657

• 11a · Other revenue: CC Rewards and rebates

  total $9,844 · excluded $9,844

• 11e · Other revenue, total

  $9,844

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,700,445 · program services $10,700,445

• 2 · Grants to domestic individuals

  total $27,312,868 · program services $27,312,868

• 5 · Compensation of officers, directors and key employees

  total $2,388,702 · program services $1,389,722 · management and general $781,998 · fundraising $216,982

• 7 · Other salaries and wages

  total $7,658,379 · program services $4,455,569 · management and general $2,507,152 · fundraising $695,658

• 8 · Pension plan contributions

  total $296,975 · program services $172,777 · management and general $97,222 · fundraising $26,976

• 9 · Other employee benefits

  total $1,056,987 · program services $614,944 · management and general $346,030 · fundraising $96,013

• 10 · Payroll taxes

  total $538,193 · program services $313,115 · management and general $176,190 · fundraising $48,888

• 11c · Fees: accounting

  total $21,374 · management and general $21,374

• 11f · Fees: investment management

  total $176,391 · management and general $176,391

• 11g · Fees: other

  total $6,343,487 · program services $4,987,169 · management and general $423,206 · fundraising $933,112

• 12 · Advertising and promotion

  total $500,512 · program services $40,526 · management and general $453,273 · fundraising $6,713

• 13 · Office expenses

  total $1,345,120 · program services $977,653 · management and general $336,400 · fundraising $31,067

• 14 · Information technology

  total $1,283,881 · program services $853,245 · management and general $410,160 · fundraising $20,476

• 16 · Occupancy

  total $562,443 · program services $175,922 · management and general $386,521

• 17 · Travel

  total $6,399,663 · program services $5,391,226 · management and general $579,787 · fundraising $428,650

• 19 · Conferences, conventions and meetings

  total $4,321,667 · program services $3,895,354 · management and general $156,455 · fundraising $269,858

• 23 · Insurance

  total $113,430 · program services $43,593 · management and general $69,837

• 24a · Other expenses: Dues and subscriptions

  total $87,588 · program services $63,101 · management and general $18,781 · fundraising $5,706

• 24b · Other expenses: Employee recruitment

  total $10,524 · program services $746 · management and general $9,778 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $61,458,157 · end of year $58,345,360

• 2 · Savings and temporary cash investments

  beginning of year $3,158,875 · end of year $3,223,534

• 3 · Pledges and grants receivable

  beginning of year $6,868,322 · end of year $10,816,686

• 4 · Accounts receivable

  beginning of year $34,772 · end of year $34,772

• 6 · Loans and receivables from disqualified persons

  beginning of year $25,000 · end of year $25,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $565,598 · end of year $2,755,777

• 11 · Investments: publicly traded securities

  beginning of year $49,470,561 · end of year $43,545,862

• 12 · Investments: other securities

  beginning of year $225,968 · end of year $225,978

• 15 · Other assets

  beginning of year $3,218 · end of year $12,443,530

• 17 · Accounts payable and accrued expenses

  beginning of year $2,535,117 · end of year $3,710,125

• 19 · Deferred revenue

  beginning of year $258,674 · end of year $238,799

• 25 · Other liabilities

  beginning of year $306,680 · end of year $12,844,247

• 27 · Net assets without donor restrictions

  beginning of year $86,941,065 · end of year $59,138,745

• 28 · Net assets with donor restrictions

  beginning of year $31,768,935 · end of year $55,484,583

The filer's explanations (Part III)

Part I, Line 4b

The organization has a 457(f) plan for key employees.

Part I, Line 7

Bonuses received by all officers are discretionary and determined based upon performance.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• TM2 Search LLC

  Education search/ leadership development services · DE · income $0 · assets $22,352

  Directly controlled by Thurgood Marshall College Fund

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Opportunity Funding Corporation Inc

  C · Business plan funding · DC · 100% owned · share of income $10 · share of assets $225,978 · controlled entity

  Directly controlled by Thurgood Marshall College Fund Inc