T THOMAS FORTUNE FOUNDATION

EIN: 815308319 501(c)(3) Arts, Culture & Humanities

RED BANK, NJ

Total Revenue
$128,883
Total Expenses
$127,315
Total Assets
$914,229
Net Assets
$909,240
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NJ
Principal Officer
GILDA ROGERS
Phone
7323835483
Tax Period
2023-01-01 to 2023-12-31

T THOMAS FORTUNE FOUNDATION, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $129K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $909K represent 85 months of operating reserves.

Mission

THE PURPOSE OF THE T. THOMAS FORTUNE FOUNDATION IS TO PRESERVE AND FURTHER THE CIVIL RIGHTS AND SOCIAL JUSTICE LEGACY OF T. THOMAS FORTUNE THROUGH COMMUNITY OUTREACH, EDUCATION AND PUBLIC PROGRAMMING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $126,102
Program Service Revenue $1,431
Investment Income $1,350
Other Revenue $0
TOTAL REVENUE $128,883

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,237
Fundraising Expenses $11,646
Program Expenses $100,852
Other Expenses $82,078
TOTAL EXPENSES $127,315

Year-over-Year Comparison

2023 2022 Change
Revenue $128,883 $103,424 +0.2%
Expenses $127,315 $84,141 +0.5%
Net Income $1,568 $19,283 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
11
Volunteers
10

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
5
$28,575
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GILDA ROGERS EXECUTIVE DI 20.00
Officer
$28,575 $0 $28,575
KERWIN WEBB CHAIRMAN 10.00
Officer
$0 $0 $0
JAMES KING TREASURER 10.00
Officer
$0 $0 $0
ROBIN BLAIR SECRETARY 10.00
Officer
$0 $0 $0
WALTER GREASON PRESIDENT EM 7.00
Officer
$0 $0 $0
MARK FITZSIMMONS TRUSTEE 20.00
Director
$0 $0 $0
KATHERINE MCAULAY TRUSTEE 5.00
Director
$0 $0 $0
CANDACE KELLEY TRUSTEE 4.00
Director
$0 $0 $0
LYLA WILKINS TRUSTEE 4.00
Director
$0 $0 $0
HOLLY KLUCK TRUSTEE 4.00
Director
$0 $0 $0
BIRGIT MONDESIR TRUSTEE 4.00
Director
$0 $0 $0
ROGER MUMFORD TRUSTEE 4.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $128,883 $127,315 $914,229 $1,568
2022 $103,424 $84,141 $911,953 $19,283
2021 $131,261 $55,918 $921,468 $75,343
2020 $42,910 $43,534 $819,972 $-624
2019 $812,507 $54,670 $820,341 $757,837
2018 $22,491 $6,444 $35,092 $16,047
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