Trusted Capabilities and Readiness Development Foundation INC FY2022 filing

Tax-deductible

Tougaloo, MS501(c)(3)EducationEIN 82-3759049Revenue $495K in FY2022

On file with the IRStcrdf.org500 W County Line Rd, 39174-9700 · Tougaloo, MSTax-exempt since Jun 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Support the research and Development mission of tougaloo college and other historically black colleges and universities by forming and managing research and contract partnerships research entities that conduct a substantial amount of federal research and contracts.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$219K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $85K a year · 12% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$219K
to officers and key staff · 41% of spending
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 21.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$19K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$495K
+37% vs prior year
Spent
$529K
To programs
99%
Net assets
$1.0M
By yearFY2021–FY2024
Revenue
$495K
FY2022▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2021$361K
FY2022$495K
FY2023$690K
FY2024$1.3M
Expenses
$529K
FY2022▲ +69%
Tap a bar for its year
Expenses by fiscal year
FY2021$313K
FY2022$529K
FY2023$623K
FY2024$1.7M
Net assets
$1.0M
FY2022▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$1.0M
FY2023$1.1M
FY2024$672K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Revoked May 2019, reinstated. IRS ruling Jun 2019, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Jun 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $526K Management & general 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $219K paid to officers and key staff.

Part VII, Section A · reportable compensation
$99,240Pt VII · Sec A
$83,616Pt VII · Sec A
Chief Administrative Officer
$36,477Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Spssc’s $229K as President & CEO is at the 88th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Spssc$228,645$116,346——
McCarty Consulting LLC$129,970$36,032——
John Rosenthall———$101,269
Jennifer Johnson DBA Bridgetown Str——$99,240—
Grants Insight Consulting LLC$84,000$33,399——
John Rosenthall DBA Urban Technolog——$83,616—
Faith Johnson$82,552$9,599——
Jennifer Johnson Aka Bridgetown Str———$81,848

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Trusted Capabilities and Readiness Development Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Facilitates research partnerships for Tougaloo College and other HBCUs with federal contracts.

Provided by the organization

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3 programs · $506K · in their own filed words · FY2022
01

Gtri

This is an effort to support hbcu research and contract capacity through partnerships with georgia tech research institute and georgia tech. The partnerships support current gtri projects and seek funded opportunities in response to requests for proposals.

$386Kprogram expense
02

Redi

The rural economic development initiative program supports rural communities and diversifies local economies. From planning and startup through expansion, this free, twelve-week program provides on-site and virtual training sessions for mississippi business owners and prospective business owners in adams, claiborne, jefferson, and…

$72Kprogram expense
03

Mantel technologies in participation with the applied research institute (ari) team with TCRDF to ensure non-traditional HBCU/MI and small businesses are successfully engaging with darp. ARI/TCRDF'S process for recruiting non-traditional researchers, technology development, and enably and enhancing federal technology transfer is built…

$48Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$495K
Ln 12
Fees for servicesLn 2g$412K
Gifts and grantsLn 1h$82K
Investment incomeLn 3$994
Money outPt IX
$529K
Ln 25
Programscol B$526K
Managementcol C$3K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$966K
Total assetsLn 16$1.0M
LiabilitiesLn 26$19K
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Government grantsLn 1e$82K
Fees for servicesLn 2g$412K
Investment incomeLn 3$994
Total revenueLn 12$495K
Assets in detailPt X, end of year
CashLn 1−$29K
SavingsLn 2$994K
Cash and savings togetherLn 1–2$966K
Total assetsLn 16$1.0M
LiabilitiesLn 26$19K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.0M$966K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$10K$19K
Net assetsLn 32$1.1M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$219K$219K$0$0
Office expensesLn 13$10K$7K$2K$0
TravelLn 17$32K$32K$0$0
Conferences, conventions and meetingsLn 19$18K$18K$0$0
Other expenses (24a–d)Ln 24$250K$250K$500$0
Total functional expensesLn 25$529K$526K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.7M−$421K$672K 990 PDF
FY2023 $690K$623K$67K$1.1M 990 PDF
FY2022 Viewing $495K$529K−$34K$1.0M 990 PDF
FY2021 $361K$313K$47K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $494,822 revenue, 12 lines filed
I-8 Contributions and grants$82,222
I-9 Program service revenuePrior year $359,250$411,606
I-10 Investment incomePrior year $1,264$994
I-11 Other revenue$0
I-12 Total revenuePrior year $360,514$494,822
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $210,176$219,333
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $103,225$309,889
I-18 Total expensesPrior year $313,401$529,222
I-19 Revenue less expensesPrior year $47,113−$34,400
Part VI · Governance 2 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $494,822 across 5 lines filed
VIII-1e Government grants$82,222
VIII-1h Total contributions, gifts and grants$82,222
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$411,606
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$994
VIII-12 Total revenueRelated to mission $412,600 · Unrelated business $0 · Excluded from tax $0$494,822
Part IX · Statement of functional expenses $529,222 across 5 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $219,333 · Management $0 · Fundraising $0$219,333
IX-13 Office expensesPrograms $7,182 · Management $2,365 · Fundraising $0$9,547
IX-17 TravelPrograms $32,043 · Management $0 · Fundraising $0$32,043
IX-19 Conferences, conventions and meetingsPrograms $17,826 · Management $0 · Fundraising $0$17,826
IX-24 Other expenses (24a–d)Programs $249,973 · Management $500 · Fundraising $0$250,473
IX-25 Total functional expensesPrograms $526,357 · Management $2,865 · Fundraising $0$529,222
Part X · Balance sheet $1,044,846 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $23,403−$28,679
X-2 Savings and temporary cash investmentsStart of year $993,532$994,495
X-4 Accounts receivableStart of year $53,980$79,030
X-16 Total assetsStart of year $1,070,915$1,044,846
X-17 Accounts payable and accrued expensesStart of year $6,127$14,458
X-24 Unsecured notes and loans payableStart of year $4,166$4,166
X-26 Total liabilitiesStart of year $10,293$18,624
X-32 Total net assets or fund balancesStart of year $1,060,622$1,026,222
X-33 Total liabilities and net assetsStart of year $1,070,915$1,044,846
Part XI · Reconciliation of net assets $1,026,222 net assets at year end
XI-1 Total revenue$494,822
XI-2 Total expenses$529,222
XI-3 Revenue less expenses−$34,400
XI-4 Net assets at start of year$1,060,622
XI-10 Net assets at end of year$1,026,222

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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