TD Jakes Foundation FY2022 filing

Tax-deductible

Dallas, TX501(c)(3)Since 2020EmploymentEIN 84-4667327Revenue $2.0M in FY2022

On file with the IRStdjfoundation.org3303 Potters House Way 250, 75236-3037 · Dallas, TXTax-exempt since Apr 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To create sustainable workforce development and community building services essential to building bridges to opportunities in the U.S. and around the world.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$394K 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
3 of 5
filings with a surplus
Average surplus $879K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$394K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $15.0M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$281K
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+57% vs prior year
Spent
$2.4M
To programs
70%
Net assets
$184K
By yearFY2020–FY2024
Revenue
$2.0M
FY2022▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$1.3M
FY2022$2.0M
FY2023$7.0M
FY2024$18.2M
Expenses
$2.4M
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$2.2M
FY2022$2.4M
FY2023$5.1M
FY2024$15.3M
Net assets
$184K
FY2022▼ -63%
Tap a bar for its year
Net assets by fiscal year
FY2020$917K
FY2021$498K
FY2022$184K
FY2023$2.2M
FY2024$3.6M

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. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2020.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.7M Management & general 19% · $443K Fundraising 11% · $264K

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

6 people listed on the 990; $394K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary & Director
$172,936Pt VII · Sec A
Chief of Staff
$120,352Pt VII · Sec A
Chief Partnership Officer
$101,194Pt VII · Sec A
Treasurer & Director
$0Pt VII · Sec A
President/CEO/Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Kelley Cornish’s $364K as President & CEO is at the 81st percentile of top reported officer pay among 414 $10–100M employment 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
Kelley Cornish$364,359$137,606——
Brent Wilson$229,840———
Marc Alexander$192,724———
Hattie Hill—$43,953$172,936$172,919
Marcedes Fuller$169,178———
Stephen M Carpenter———$165,219
Alison Lolley———$162,368
Trisha Watson——$120,352—

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 TD Jakes Foundation 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

Builds bridges to opportunities through workforce development and community services.

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Provided by the organization

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2 programs · $1.7M · in their own filed words · FY2022
01

PATHWAY to Opportunity is the umbrella for T.D. Jakes Foundation's programs in Workforce Readiness and in Financial Fortitude & Homeownership. PATHWAY TO OPPORTUNITY: Workforce Readiness builds bridges between job-seekers and life-changing employment opportunities.

$1.1Mprogram expense
02

STEAM Program is an education approach to learning that uses science, technology, engineering, arts, and mathematics as access points for guiding student inquiry, dialogue, and critical thinking.

$585Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 23 grants · $9.1M · 2021–2024
Paul Quinn CollegeTX · FY2024$1,500,000
Wiley CollegeTX · FY2024$1,500,000
Morehouse CollegeGA · FY2024$1,500,000
Lightship FoundationOH · FY2024$500,000
Power 52 INCMD · FY2024$500,000
Bonton EnterprisesTX · FY2024$500,000
Operation Hope INCGA · FY2024$450,000
The Milken InstituteCA · FY2024$250,000
Unitemized GrantFY2024$70,750
Broadway Dallas INCTX · FY2023$200,000
Dallas Momentum INCTX · FY2023$20,000
Texas Women's FoundationTX · FY2022$22,000
Conscious Capitalism INCCO · FY2022$20,000
See all 23 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$519
Money outPt IX
$2.4M
Ln 25
Programscol B$1.7M
Managementcol C$443K
Fundraisingcol D$264K
Owns and owesPt X
$184K
net assets · Ln 32
Cash and savingsLn 1–2$457K
Total assetsLn 16$465K
LiabilitiesLn 26$281K
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$519
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$432K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$457K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$465K
LiabilitiesLn 26$281K
Net assetsLn 32$184K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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$798K$457K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$811K$465K
LiabilitiesLn 26$313K$281K
Net assetsLn 32$498K$184K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$108K$108K
Pay of current officers, directors and key staffLn 5$199K$120K$40K$40K
Other salaries and wagesLn 7$419K$234K$106K$78K
Other employee benefitsLn 9$89K$55K$17K$17K
Payroll taxesLn 10$48K$27K$12K$9K
Management feesLn 11a$310K$213K$69K$27K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$130K$130K
Professional fundraising feesLn 11e$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$31K$29K$3K$100
Office expensesLn 13$93K$17K$5K$70K
Information technologyLn 14$31K$619$26K$5K
OccupancyLn 16$150$150
TravelLn 17$27K$15K$8K$4K
Conferences, conventions and meetingsLn 19$13K$13K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$870K$866K$4K$286
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$2.4M$1.7M$443K$264K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $18.2M$15.3M$2.9M$3.6M 990 PDF
FY2023 $7.0M$5.1M$1.9M$2.2M 990 PDF
FY2022 Viewing $2.0M$2.4M−$413K$184K 990 PDF
FY2021 $1.3M$2.2M−$903K$498K 990 PDF
FY2020 $2.2M$1.3M$917K$917K 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 $1,977,646 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,257,358$1,977,127
I-9 Program service revenue$0
I-10 Investment incomePrior year $215$519
I-11 Other revenue$0
I-12 Total revenuePrior year $1,257,573$1,977,646
I-13 Grants and similar amounts paidPrior year $182,320$108,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $867,056$754,860
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,110,812$1,527,718
I-18 Total expensesPrior year $2,160,188$2,391,078
I-19 Revenue less expensesPrior year −$902,615−$413,432
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
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 $1,977,646 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$1,977,127
VIII-1h Total contributions, gifts and grants$1,977,127
VIII-3 Investment incomeExcluded from tax $519$519
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $519$1,977,646
Part IX · Statement of functional expenses $2,391,078 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $108,500$108,500
IX-5 Pay of current officers, directors and key staffPrograms $119,620 · Management $39,873 · Fundraising $39,873$199,366
IX-7 Other salaries and wagesPrograms $234,357 · Management $106,140 · Fundraising $78,119$418,616
IX-9 Other employee benefitsPrograms $54,516 · Management $17,365 · Fundraising $16,876$88,757
IX-10 Payroll taxesPrograms $27,013 · Management $12,104 · Fundraising $9,004$48,121
IX-11a Management feesPrograms $213,241 · Management $69,332 · Fundraising $27,122$309,695
IX-11b Legal feesManagement $13,681$13,681
IX-11c Accounting feesManagement $130,102$130,102
IX-11e Professional fundraising feesFundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $28,509 · Management $2,816 · Fundraising $100$31,425
IX-13 Office expensesPrograms $17,365 · Management $5,403 · Fundraising $70,484$93,252
IX-14 Information technologyPrograms $619 · Management $25,945 · Fundraising $4,770$31,334
IX-16 OccupancyManagement $150$150
IX-17 TravelPrograms $14,519 · Management $7,909 · Fundraising $4,394$26,822
IX-19 Conferences, conventions and meetingsFundraising $12,695$12,695
IX-23 InsuranceManagement $8,306$8,306
IX-24 Other expenses (24a–d)Programs $866,176 · Management $3,794 · Fundraising $286$870,256
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $1,684,435 · Management $442,920 · Fundraising $263,723$2,391,078
Part X · Balance sheet $465,398 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $773,210$431,701
X-2 Savings and temporary cash investmentsStart of year $24,907$25,133
X-9 Prepaid expenses and deferred chargesStart of year $12,689$8,564
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $810,806$465,398
X-17 Accounts payable and accrued expensesStart of year $313,049$281,073
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $313,049$281,073
X-27 Net assets without donor restrictionsStart of year $497,757$184,325
X-32 Total net assets or fund balancesStart of year $497,757$184,325
X-33 Total liabilities and net assetsStart of year $810,806$465,398
Part XI · Reconciliation of net assets $184,325 net assets at year end
XI-1 Total revenue$1,977,646
XI-2 Total expenses$2,391,078
XI-3 Revenue less expenses−$413,432
XI-4 Net assets at start of year$497,757
XI-6 Donated services and use of facilities$100,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$184,325

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

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