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Nonprofiteer
← TD JAKES FOUNDATION

Form 990 for tax year 2024

Filed by TD JAKES FOUNDATION.

Totals

Total revenue
$18,214,428
Total expenses
$15,321,491
Contributions and grants received
$18,171,219
Grants paid
$8,353,396
Program service revenue
$0
Investment income
$53,732
Other revenue
-$10,523
Total assets, end of year
$4,233,931
Total liabilities, end of year
$654,973
Net assets or fund balances, end of year
$3,578,958
Program services expenses (Part IX)
$11,822,047
Management and general expenses
$2,056,772
Fundraising expenses
$1,442,672
Program service expenses (Part III)
$11,822,047

Program services were 77.2% 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

    $66,452

  • 1f · All other contributions, gifts and grants

    $18,104,767

  • 3 · Investment income

    total $53,732 · excluded $53,732

  • 8a · Fundraising events: gross income

    $26,095

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

    $66,452

  • 8b · Fundraising events: direct expenses

    $63,355

  • 8c · Net income from fundraising events

    total -$37,260 · excluded -$37,260

  • 11a · Other revenue: MISC. INCOME

    total $26,737 · excluded $26,737

  • 11e · Other revenue, total

    $26,737

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,268,250 · program services $8,268,250

  • 2 · Grants to domestic individuals

    total $85,146 · program services $85,146

  • 5 · Compensation of officers, directors and key employees

    total $838,624 · program services $383,587 · management and general $351,129 · fundraising $103,908

  • 7 · Other salaries and wages

    total $2,614,559 · program services $1,243,569 · management and general $637,591 · fundraising $733,399

  • 8 · Pension plan contributions

    total $23,378 · program services $13,684 · management and general $1,635 · fundraising $8,059

  • 9 · Other employee benefits

    total $248,082 · program services $119,577 · management and general $64,678 · fundraising $63,827

  • 10 · Payroll taxes

    total $269,860 · program services $127,547 · management and general $76,440 · fundraising $65,873

  • 11b · Fees: legal

    total $4,140 · management and general $4,140

  • 11c · Fees: accounting

    total $200,669 · management and general $200,669

  • 11g · Fees: other

    total $1,004,470 · program services $436,207 · management and general $396,571 · fundraising $171,692

  • 12 · Advertising and promotion

    total $132,777 · program services $84,568 · management and general $16,157 · fundraising $32,052

  • 13 · Office expenses

    total $202,547 · program services $111,994 · management and general $29,778 · fundraising $60,775

  • 14 · Information technology

    total $219,450 · program services $79,035 · management and general $85,122 · fundraising $55,293

  • 16 · Occupancy

    total $45,317 · program services $13,415 · management and general $22,359 · fundraising $9,543

  • 17 · Travel

    total $402,482 · program services $181,632 · management and general $130,253 · fundraising $90,597

  • 22 · Depreciation, depletion and amortization

    total $9,273 · program services $2,782 · management and general $4,636 · fundraising $1,855

  • 24a · Other expenses: EVENT EXPENSES

    total $665,444 · program services $617,287 · management and general $21,528 · fundraising $26,629

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $63,391 · program services $45,344 · management and general $3,419 · fundraising $14,628

  • 24c · Other expenses: BANK CHARGES

    total $21,632 · program services $6,423 · management and general $10,667 · fundraising $4,542

  • 24d · Other expenses: PROGRAM EXPENSE

    total $2,000 · program services $2,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $716,467 · end of year $3,904,120

  • 2 · Savings and temporary cash investments

    beginning of year $26,168 · end of year $27,300

  • 3 · Pledges and grants receivable

    beginning of year $3,250,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,665 · end of year $48,976

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

    $262,808

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

    $9,273

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $253,535

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,856,279 · end of year $654,973

  • 27 · Net assets without donor restrictions

    beginning of year $2,186,021 · end of year $1,778,958

  • 28 · Net assets with donor restrictions

    end of year $1,800,000

Mission and programs · 2024

Mission

THE PRIMARY MISSION OF THE FOUNDATION IS TO CONNECT UNDERREPRESENTED AND UNDERSERVED COMMUNITIES TO LIFE CHANGING OPPORTUNITIES.

Activities or mission (Part I)

TO CREATE SUSTAINABLE WORKFORCE DEVELOPMENT AND COMMUNITY BUILDING SERVICES ESSENTIAL TO BUILDING BRIDGES TO OPPORTUNITIES IN THE U.S. AND AROUND THE WORLD.

  • PATHWAY TO OPPORTUNITY SERVES AS THE UMBRELLA FOR THE T.D. JAKES FOUNDATION'S INITIATIVES AIMED AT EMPOWERING INDIVIDUALS AND COMMUNITIES THROUGH EQUITABLE ACCESS TO EDUCATION, WORKFORCE DEVELOPMENT, AND ECONOMIC OPPORTUNITY. THIS PROGRAM INVESTS IN HIGH-QUALITY EDUCATION AND JOB TRAINING DESIGNED TO PREPARE PEOPLE FOR THE FUTURE ECONOMY, WHILE ALSO CULTIVATING A RESILIENT AND SKILLED WORKFORCE. WE CHAMPION INNOVATIVE SOLUTIONS THAT PROMOTE ECONOMIC MOBILITY AND WEALTH-BUILDING SUCH AS AFFORDABLE HOUSING, FINANCIAL LITERACY, ENTREPRENEURSHIP, AND THE STRENGTHENING OF LOCAL COMMUNITY ASSETS. PATHWAY TO OPPORTUNITY ALSO SUPPORTS COLLABORATIVE, CROSS-SECTOR STRATEGIES TO IMPROVE COMMUNITY HEALTH, INCLUDING EXPANDED ACCESS TO HEALTHCARE, THE CREATION OF SUSTAINABLE LIVING ENVIRONMENTS, AND THE DEVELOPMENT OF STRONG, SUPPORTIVE SOCIAL NETWORKS.

    Expenses $7,820,551 · Grants $8,200,000

  • THE INTERNATIONAL LEADERSHIP SUMMIT (ILS) IS A TRANSFORMATIVE CONFERENCE DESIGNED FOR VISIONARIES, ENTREPRENEURS, INTRAPRENEURS, AND LEADERS FROM AROUND THE GLOBE. LED BY CHAIRMAN JAKES, THE VISIONARY FOUNDER, THIS HIGHLY ANTICIPATED EVENT FEATURES A LINEUP OF DISTINGUISHED INDUSTRY LEADERS DEDICATED TO EMPOWERING ATTENDEES. PARTICIPANTS WILL CULTIVATE A RELENTLESS DRIVE FOR INTELLECTUAL CURIOSITY-AN ESSENTIAL TRAIT FOR EFFECTIVE LEADERSHIP. AT ILS, INDIVIDUALS FROM DIVERSE BACKGROUNDS COME TOGETHER TO EXPLORE STRATEGIES AND INSIGHTS THAT ENHANCE THEIR EFFECTIVENESS IN THEIR RESPECTIVE FIELDS, FOSTERING GROWTH AND INNOVATION IN LEADERSHIP.

    Expenses $2,079,168

  • DISTINCTIVELY HER'S MISSION IS TO EDUCATE, EMPOWER AND EXPAND A COMMUNITY CENTERED ON THE NEEDS OF WOMEN AND GIRLS. WE STRIVE TO AID IN THE DEVELOPMENT OF SELF BY CREATING EXPERIENCES, PRODUCING QUALITY PROGRAMMING AND PROVIDING RESOURCES FOR ALL WHO ENCOUNTER OUR ORGANIZATION.

    Expenses $834,070 · Grants $70,750

  • THE STEAM PROGRAM IS AN EDUCATIONAL APPROACH THAT INTEGRATES SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS TO ENHANCE STUDENT LEARNING. BY USING THESE DISCIPLINES AS ACCESS POINTS, THE PROGRAM ENCOURAGES INQUIRY, DIALOGUE, AND CRITICAL THINKING AMONG STUDENTS. THIS INTERDISCIPLINARY FRAMEWORK FOSTERS CREATIVITY AND INNOVATION, EQUIPPING LEARNERS WITH THE SKILLS NEEDED TO TACKLE REAL-WORLD CHALLENGES AND ENGAGE IN MEANINGFUL PROBLEM-SOLVING. THROUGH HANDS-ON EXPERIENCES AND COLLABORATIVE PROJECTS, THE STEAM PROGRAM INSPIRES STUDENTS TO EXPLORE AND CONNECT THESE FIELDS IN IMPACTFUL WAYS.

    Expenses $749,580

  • TORI'S MISSION IS TO GUIDE AND EMPOWER RETURNING CITIZENS TO MAXIMIZE POTENTIAL, INCREASING THEIR OPPORTUNITIES FOR SUCCESSFUL INTEGRATION INTO A SOCIETY AND TOBECOME PRODUCTIVE CITIZENS OF THEIR COMMUNITIES.

    Expenses $338,678 · Grants $82,646

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TD JAKES

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JEFF RICH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JIM ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN DRISCOLL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANICE BRYANT HOWROYD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELLEY CORNISH

    PRESIDENT & CEO

    Total calculated
    $406,119
    From this org
    $364,359
    From related orgs
    $0
    Other
    $41,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,359
    Bonus
    $0
    Other
    $0
    Deferred
    $11,692
    Nontaxable benefits
    $30,068
    Filer's total
    $406,119

  • BRENT WILSON

    CHIEF FINANCIAL OFFICER

    Total calculated
    $245,635
    From this org
    $229,840
    From related orgs
    $0
    Other
    $15,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,840
    Bonus
    $25,000
    Other
    $0
    Deferred
    $8,692
    Nontaxable benefits
    $7,103
    Filer's total
    $245,635

  • MARC ALEXANDER

    CHIEF STRATEGY OFFICER

    Total calculated
    $192,724
    From this org
    $192,724
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,674
    Bonus
    $15,050
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $192,724

  • MARCEDES FULLER

    DEPUTY ASSISTANT TO PRESIDENT

    Total calculated
    $177,297
    From this org
    $169,178
    From related orgs
    $0
    Other
    $8,119
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,228
    Bonus
    $12,950
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,119
    Filer's total
    $177,297

  • ARNETTA HARRIS

    SENIOR COMMUNITY ENGAGEMENT OFFICER

    Total calculated
    $136,758
    From this org
    $116,025
    From related orgs
    $0
    Other
    $20,733
    Hours/week
    40

  • TOZYEA REED

    VP OF PROGRAMMING AND OUTCOMES

    Total calculated
    $135,392
    From this org
    $109,412
    From related orgs
    $0
    Other
    $25,980
    Hours/week
    40

  • ERICA ROSS

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $113,426
    From this org
    $110,169
    From related orgs
    $0
    Other
    $3,257
    Hours/week
    40

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

  • 1a · First-class or charter travel
  • 1a · Personal services (maid, chauffeur, chef)
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
TD JAKES FOUNDATION WAS FOUNDED BY A WELL-KNOWN PUBLIC FIGURE WHO REGULARLY RECEIVES THREATENING MESSAGES, MAIL, AND EMAILS. THE CEO OF THE FOUNDATION SPEAKS IN FRONT OF LARGE GROUPS AND ALSO REPRESENTS THE FOUNDATION AT PUBLIC EVENTS. THE FOUNDATION PROVIDES SERVICES SUCH AS GUARDS AND DRIVERS FOR SECURITY REASONS. ALL OF THESE SERVICES ARE ONLY PROVIDED ON BUSINESS TRIPS OR FUNCTIONS. THE FOUNDATION DOES NOT PROVIDE THESE SERVICES FOR PERSONAL TRAVEL OR EVENTS.
PART I, LINE 1B
THE FOUNDATION DOES NOT HAVE A WRITTEN POLICY; HOWEVER, THE BOARD OF DIRECTORS IS AWARE OF THE NEED FOR EXTRA SECURITY MEASURES. ALL EXPENSES ARE BUSINESS RELATED. NO PAYMENT, REIMBURSEMENT OR PROVISION OF EXPENSES WERE RELATED TO PERSONAL MATTERS.
PART I, LINE 3
THE COMPENSATION OF ALL OFFICERS OF THE CORPORATION IS FIXED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWS COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS AND ASSESSES PERFORMANCE OF THE OFFICERS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.
PART I, LINE 7
IN 2024, BONUSES AWARDED TO STAFF MEMBERS OF THE T.D. JAKES FOUNDATION WERE NOT CONTINGENT ON THE ORGANIZATION'S REVENUES OR NET EARNINGS. INSTEAD, BONUSES WERE DETERMINED BASED ON INDIVIDUAL PERFORMANCE OF JOB DUTIES AND PROGRAM ACHIEVEMENTS

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513219349303721

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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