Thurgood Marshall College Fund

EIN: 411750692 501(c)(3) Education

Washington, DC

Total Revenue
$88,255,911
Total Expenses
$65,707,834
Total Assets
$143,339,390
Net Assets
$138,998,731
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
DE
Principal Officer
Harry L Williams
Phone
2025074851
Tax Period
2024-01-01 to 2024-12-31

Thurgood Marshall College Fund, founded in 1993, is a mid-sized nonprofit in the Education sector that reported $88.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $22.5M, a strong 26% operating margin.

Mission

The mission of the Thurgood Marshall College Fund is three-fold: Partner with our member-schools to increase access, retention and graduation rates of students attending their schools, identify and prepare students attending member-schools who have significant leadership potential, and create a pipeline for employers of highly qualified member-schools, students and alumni.

Program Service Accomplishments

Program 1
Expenses: $25,231,004

Scholarships and grants: The Scholarship Program provides merit-based scholarships to students seeking financial assistance to complete their education. TMCF scholarships are awarded annually to...

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Scholarships and grants: The Scholarship Program provides merit-based scholarships to students seeking financial assistance to complete their education. TMCF scholarships are awarded annually to students meeting the TMCF eligibility criteria. Awards are made each semester based on a verification process designed to ensure that students are meeting high expectations and have an unmet financial need.The TMCF Internship Program is managed by the talent acquisition division and seeks students who attend member-schools and maintain a minimum GPA of 3.0. Members of the division serve as liaisons and provide support to students throughout the internship program. See Schedule O for continuation

Program 2
Expenses: $28,559,641 Revenue: $265,150

Leadership training and seminars: The Teacher Quality and Retention Program (TQRP) was designed to help teachers enhance the learning experience of students. Now, more than ever, our students need...

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Leadership training and seminars: The Teacher Quality and Retention Program (TQRP) was designed to help teachers enhance the learning experience of students. Now, more than ever, our students need qualified teachers who can help them overcome challenging school environments and achieve academic and personal success. Historically Black Colleges and Universities (HBCU's) graduate more minority teachers than any other source.TQRP provides a one-week summer institute designed to give education majors experience in the application of educational theories and practices. See Schedule O for continuation

Program 3
Expenses: $383,029 Revenue: $983,200

TM2 Search: TM2 Education Search provides retained search and leadership development services designed to help build and develop sustainable leadership and boards. Specifically, our searches focus on...

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TM2 Search: TM2 Education Search provides retained search and leadership development services designed to help build and develop sustainable leadership and boards. Specifically, our searches focus on the following positions: Board of Trustees, Presidents & Chancellors, Provosts, Deans, and the Executive Level of institutions in the Black College Community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $84,577,154
Program Service Revenue $1,248,350
Investment Income $2,329,218
Other Revenue $101,189
TOTAL REVENUE $88,255,911

Expense Breakdown

Grants Paid $25,231,004
Salaries & Benefits $14,774,982
Fundraising Expenses $2,594,324
Program Expenses $54,173,674
Other Expenses $25,701,848
TOTAL EXPENSES $65,707,834

Year-over-Year Comparison

2024 2023 Change
Revenue $88,255,911 $77,840,126 +0.1%
Expenses $65,707,834 $71,051,129 -0.1%
Net Income $22,548,077 $6,788,997 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
32
Independent Members
32
Employees
114
Volunteers
48

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$2,492,756
Total Directors
33
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Racquel Oden Chair 1.00
Officer Director
$0 $0 $0
Ciara Anfield Director 1.00
Director
$0 $0 $0
Terry Arnold Director 1.00
Director
$0 $0 $0
Gary Bettman Director 1.00
Director
$0 $0 $0
Cynthia Bowman Director 1.00
Director
$0 $0 $0
Greg Carter II Director 1.00
Director
$0 $0 $0
Theodore Colbert III Director 1.00
Director
$0 $0 $0
Byna Elliott Director 1.00
Director
$0 $0 $0
Robert Engel Director 1.00
Director
$0 $0 $0
Myron Frazier Director 1.00
Director
$0 $0 $0
Yvette Hunsicker Director 1.00
Director
$0 $0 $0
Jeffrey Hurd Director 1.00
Director
$0 $0 $0
Sandra Hurse Director 1.00
Director
$0 $0 $0
Collis Jones Director 1.00
Director
$0 $0 $0
Gregory Jones Director 1.00
Director
$0 $0 $0
Sean Lee Director 1.00
Director
$0 $0 $0
Lane McBride Director 1.00
Director
$0 $0 $0
April Payne-McMillian Director 1.00
Director
$0 $0 $0
Charles Merinoff Director 1.00
Director
$0 $0 $0
Machell Mims Director 1.00
Director
$0 $0 $0
Mark Nelson Director 1.00
Director
$0 $0 $0
Michelle Nettles Director 1.00
Director
$0 $0 $0
David Osswald Director 1.00
Director
$0 $0 $0
Melonie Parker Director 1.00
Director
$0 $0 $0
Josh Petty Director 1.00
Director
$0 $0 $0
Dr Quinton Ross Jr Director 1.00
Director
$0 $0 $0
Chris Scalia Director 1.00
Director
$0 $0 $0
Paul Sweeney Jr Esq Director 1.00
Director
$0 $0 $0
Byron Taylor Director 1.00
Director
$0 $0 $0
Toni Townes-Whitley Director 1.00
Director
$0 $0 $0
Kevin Walling Director 1.00
Director
$0 $0 $0
Alicia West Director 1.00
Director
$0 $0 $0
Tatia Williams Director 1.00
Director
$0 $0 $0
Dr Harry Lee Williams President & CEO 40.00
Officer
$793,000 $76,508 $869,508
Tamara Mathis Thompson Chief Programs Officer 40.00
Officer
$225,616 $24,671 $250,287
George Spencer Chief Development Officer 40.00
Officer
$289,800 $57,121 $346,921
David Kyle Sheppard Chief Business and Legal Officer 40.00
Officer
$335,350 $55,637 $390,987
Aisha T Brown Chief Finance & Operations Officer 40.00
Officer
$399,832 $48,677 $448,509
Clara Ross Stamps Chief Marketing Officer 40.00
Officer
$152,789 $33,755 $186,544
Jason Hundley Executive VP of Finance & Ops 40.00
Highest
$254,500 $45,318 $299,818
Christopher Brown Exec. Director & Research Scientist 40.00
Highest
$219,808 $38,387 $258,195
Martinique Lashawn Taylor Sr. VP of Programs 40.00
Highest
$216,000 $52,861 $268,861
Dakota Doman Executive Director TM2 40.00
Highest
$185,980 $13,948 $199,928
Tamaria Kai Perry SVP of Strategic Growth & Initiatives 40.00
Highest
$185,885 $40,297 $226,182
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $88,255,911 $65,707,834 $143,339,390 $22,548,077
2023 $77,840,126 $71,051,129 $124,287,734 $6,788,997
2022 $69,437,783 $71,118,629 $131,416,499 $-1,680,846
2022 $69,219,574 $72,653,668 $126,922,627 $-3,434,094
2021 $98,266,975 $63,628,802 $121,810,471 $34,638,173
2021 $98,157,197 $63,700,978 $123,348,684 $34,456,219
2020 $97,413,793 $21,874,607 $86,074,777 $75,539,186
2019 $22,699,677 $21,970,052 $14,929,633 $729,625
2018 $25,160,955 $24,571,931 $13,406,083 $589,024
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