TD Jakes Foundation

EIN: 844667327 501(c)(3) Employment

DALLAS, TX

Total Revenue
$7,045,677
Total Expenses
$5,143,981
Total Assets
$4,042,300
Net Assets
$2,186,021
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TX
Phone
8178771088
Tax Period
2023-01-01 to 2023-12-31

TD Jakes Foundation, founded in 2020, is a community nonprofit in the Employment sector that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 256% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 27% operating margin.

Mission

The primary mission of the Foundation is to connect underrepresented and underserved communities to life changing opportunities.

Program Service Accomplishments

Program 1
Expenses: $2,379,634 Revenue: $0

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...

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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.

Program 2
Expenses: $854,100 Revenue: $0

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...

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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.

Program 3
Expenses: $828,561 Revenue: $0

PATHWAY to Opportunity serves as the umbrella for the T.D. Jakes Foundation's programs focused on Workforce Readiness and Financial Fortitude. The Workforce Readiness initiative aims to build bridges...

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PATHWAY to Opportunity serves as the umbrella for the T.D. Jakes Foundation's programs focused on Workforce Readiness and Financial Fortitude. The Workforce Readiness initiative aims to build bridges between jobseekers and transformative employment opportunities. We collaborate with local, national, and global companies seeking talent, connecting them to diverse, job-ready candidates. Our program acts as a vital resource for jobseekers, offering in-person training workshops and online resources that cover job preparation, resume-building, interviewing skills, social and emotional capabilities, and more. Through these efforts, we empower individuals to secure meaningful employment and enhance their financial stability.

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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 $7,044,242
Program Service Revenue $0
Investment Income $1,435
Other Revenue $0
TOTAL REVENUE $7,045,677

Expense Breakdown

Grants Paid $1,039,500
Salaries & Benefits $1,097,542
Fundraising Expenses $226,686
Program Expenses $4,062,295
Other Expenses $3,006,939
TOTAL EXPENSES $5,143,981

Year-over-Year Comparison

2023 2022 Change
Revenue $7,045,677 $1,977,646 +2.6%
Expenses $5,143,981 $2,391,078 +1.2%
Net Income $1,901,696 $-413,432 -5.6%
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
4
Independent Members
4
Employees
17
Volunteers
150

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
4
$188,258
Total Directors
5
$50,652
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SECRETARY & DIRECTOR (UNTIL 3/23) 40.0
Officer Director
$43,953 $6,699 $50,652
N/A TREASURER & DIRECTOR 1.0
Officer Director
$0 $0 $0
N/A Chairman; President & CEO (Until 4/23) 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director (Start 11/23) 1.0
Director
$0 $0 $0
N/A President & CEO (Start 4/23) 40.0
Officer
$137,606 $0 $137,606
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 $7,045,677 $5,143,981 $4,042,300 $1,901,696
2022 $1,977,646 $2,391,078 $465,398 $-413,432
2021 $1,257,573 $2,160,188 $810,806 $-902,615
2020 $2,169,649 $1,252,872 $986,129 $916,777
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