Civic Intelligence

T Thomas Fortune Foundation

990 • Fiscal year 2022 • EIN 81-5308319

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 20, 2023

Organization ProfileWWW.TTHOMASFORTUNEFOUNDATION.ORG
PO Box 2248Red Bank, NJ 07701

(732) 383-5483

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

55th percentile

0.05x

Higher debt load relative to revenue than 55% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Net Margin

67th percentile

19%

Higher net margin than 67% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$19,781

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Asset Growth

45th percentile

-1.0%

Faster asset growth than 45% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

20th percentile

-21%

Faster revenue growth than 20% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$911,953

Down $9,515 (-1.0%) from 2021

Net Assets

Up

$906,518

Up $12,534 (+1.4%) from 2021

Liabilities

Down

$5,435

Down $22,049 (-80%) from 2021

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin67th percentile

Revenue

Down

$103,424

Down $27,837 (-21%) from 2021

Expenses

Up

$84,141

Up $28,223 (+50%) from 2021

Net Income

Down

$19,283

Down $56,060 (-74%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2017: $19,045Liabilities 2017: $0Net Assets 2017: $19,0452017Assets 2018: $35,092Liabilities 2018: $0Net Assets 2018: $35,0922018Assets 2019: $820,341Liabilities 2019: $0Net Assets 2019: $820,3412019Assets 2020: $819,972Liabilities 2020: $0Net Assets 2020: $819,9722020Assets 2021: $921,468Liabilities 2021: $27,484Net Assets 2021: $893,9842021Assets 2022: $911,953Liabilities 2022: $5,435Net Assets 2022: $906,5182022Assets 2023: $914,229Liabilities 2023: $4,989Net Assets 2023: $909,2402023Assets 2024: $908,723Liabilities 2024: $0Net Assets 2024: $908,7232024

Highlighted filing

2022

Assets$911,953
Liabilities$5,435
Net Assets$906,518
Open 2022 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2017: $23,269Expenses 2017: $4,224Net Income 2017: $19,0452017Revenue 2018: $22,491Expenses 2018: $6,444Net Income 2018: $16,0472018Revenue 2019: $812,507Expenses 2019: $54,670Net Income 2019: $757,8372019Revenue 2020: $42,910Expenses 2020: $43,534Net Income 2020: -$6242020Revenue 2021: $131,261Expenses 2021: $55,918Net Income 2021: $75,3432021Revenue 2022: $103,424Expenses 2022: $84,141Net Income 2022: $19,2832022Revenue 2023: $128,883Expenses 2023: $127,315Net Income 2023: $1,5682023Revenue 2024: $132,664Expenses 2024: $133,307Net Income 2024: -$6432024

Highlighted filing

2022

Revenue$103,424
Expenses$84,141
Net Income$19,283
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 20, 2023
Return Version
2022v5.0
Gross Receipts
$103,424
Mission and Program Overview

Mission

The T. Thomas Fortune Foundation was established to fulfill five initiatives:1. EDUCATE the public about the impact of T. Thomas Fortune's life and work as a journalist, writer and activist on civil rights and African American History;2. ADVOCATE for human rights and social justice broadly and in response to local, regional and national issues of the day and on behalf of current economic and human rights issues impacting education and communities;3. Promote better human relations and journalistic integrity and excellence, especially among the upcoming generations of social justice advocates and truth tellers;4. PRESERVE the National Historic Landmark home of T. Thomas Fortune as a Cultural Center and gathering place for education, research, community engagement, organizing and celebration;5. MAINTAIN the Cultural Center through fundraising, and sustain its operation as owner and manager, providing exhibition, research and meeting space for educational programming

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$790,207$770,709▼ $19,498
Cash and Non-Interest-Bearing Accounts$90,563$83,183▼ $7,380
Savings and Temporary Cash Investments$40,698$22,623▼ $18,075
Accounts Receivable-$444-
Total Assets$921,468$911,953▼ $9,515
Other Assets Total-$34,994-
Liabilities
Accounts Payable and Accrued Expenses$27,484$5,435▼ $22,049
Total Liabilities$27,484$5,435▼ $22,049
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$893,984$906,518▲ $12,534
Total Net Assets Fund Balance$893,984$906,518▲ $12,534
Total Liabilities and Net Assets / Fund Balance$921,468$911,953▼ $9,515

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$489,615$12,885$502,500
Land$247,500-$247,500
Other Land Buildings$33,594$1,538$35,132
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Gilda RogersExecutive DiPT$19,781$19,781

Board Members and Trustees

NameTitle
Kerwin WebbChairman
Walter GreasonPresident Em
Birgit MondesirTrustee
Candace KelleyTrustee
Holly KluckTrustee
James KingTrustee
Katherine McaulayTrustee
Mark FitzsimmonsTrustee
Roger MumfordTrustee
Robin BlairSecretary
Lyla WilkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$101,140
Program Service Revenue
$1,226
Investment Income
$1,058
Other Revenue
$0
All Other Contributions
$101,140
Change in Net Assets
$19,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,157
Salaries, Compensation, and Employee Benefits$28,984
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,730$4,139-$25,869
Depreciation Depletion$12,180$1,353-$13,533
All Other Expenses$3,576$1,374-$4,950
Office Expenses$176$3,725-$3,901
Occupancy$3,121$347-$3,468
Payroll Taxes$2,617$498-$3,115
Insurance$2,685$298-$2,983
Other Expenses$2,615$406-$2,615
Fees for Services Accounting-$1,310-$1,310
Advertising$971--$971
Travel$133--$133
Total Functional Expenses$70,165$13,976$0$84,141
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 is submitted to executive director for review and approval prior to filing. Board members review and approval is reflected.”

Form 990, Page 6, Part VI, Line 12C

“At each quarterly board meeting, the president asked and the secretary recorded if any board members, officers, volunteers or guest had a conflict of interest as reflected in the foundation's policy. No conflicts were reported”

Form 990, Page 6, Part VI, Line 15A

“The process for determining compensation for the executive director is reviewed and voted upon for approval based on comparable data and substantion of duties performed.”

Form 990, Page 6, Part VI, Line 15B

“The decision to hire an employee is based on comparability data, and is presented to the board for review and approval.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
T Thomas Fortune Foundation
EIN
81-5308319
Phone
7323835483
Address
PO BOX 2248, RED BANK, NJ 07701

Signing Officer

Name
Gilda Rogers
Title
Executive Director
Phone
7323835483
Signed
2023-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gilda Rogers
Formed
2016
Legal Domicile
Nj
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
11

Preparer

Firm
Roger K Stein CPA LLC
Address
2300 STATE ROUTE 66 STE 202, NEPTUNE, NJ 07753-4069
Preparer
Roger K Stein CPA
Phone
7328691170
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“The t. Thomas fortune foundation was established to fulfill five initiatives: 1. Educate the public about the impact of t. Thomas fortunes life and work as a journalist, writer, and activist on civil rights and african american history. 2. Advocate for human rights and social justice broadly and in response to local, regional, and national issues of the day and on behalf of current economic and human rights issues impacting education and communities. 3. Promote better human relations and journalistic integrity and excellence, especially among the upcoming generations of social justice advocates and truth tellers. 4. Preserve the national historic landmark home of t. Thomas fortune as a cultural center and gathering place for education, research, community engagement, organizing and celebration. 5. Maintain the cultural center through fundraising, and sustain its operation as owner and manager, providing exhibition, research and meeting space for educational programming.”

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

“Historical books for library collection and artwork”

Schedule D, Page 2, Part III, Line 4

“Historical books to add to the new t thomas fortune library collection”

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IRS990ScheduleA/TotalSupportAmt01019713
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01538
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HISTORICAL BOOKS FOR LIBRARY COLLECTION AND ARTWORK
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1HISTORICAL BOOKS TO ADD TO THE NEW T THOMAS FORTUNE LIBRARY COLLECTION
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 1, PART III, LINE 1A
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 2, PART III, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE T. THOMAS FORTUNE FOUNDATION WAS ESTABLISHED TO FULFILL FIVE INITIATIVES: 1. EDUCATE THE PUBLIC ABOUT THE IMPACT OF T. THOMAS FORTUNES LIFE AND WORK AS A JOURNALIST, WRITER, AND ACTIVIST ON CIVIL RIGHTS AND AFRICAN AMERICAN HISTORY. 2. ADVOCATE FOR HUMAN RIGHTS AND SOCIAL JUSTICE BROADLY AND IN RESPONSE TO LOCAL, REGIONAL, AND NATIONAL ISSUES OF THE DAY AND ON BEHALF OF CURRENT ECONOMIC AND HUMAN RIGHTS ISSUES IMPACTING EDUCATION AND COMMUNITIES. 3. PROMOTE BETTER HUMAN RELATIONS AND JOURNALISTIC INTEGRITY AND EXCELLENCE, ESPECIALLY AMONG THE UPCOMING GENERATIONS OF SOCIAL JUSTICE ADVOCATES AND TRUTH TELLERS. 4. PRESERVE THE NATIONAL HISTORIC LANDMARK HOME OF T. THOMAS FORTUNE AS A CULTURAL CENTER AND GATHERING PLACE FOR EDUCATION, RESEARCH, COMMUNITY ENGAGEMENT, ORGANIZING AND CELEBRATION. 5. MAINTAIN THE CULTURAL CENTER THROUGH FUNDRAISING, AND SUSTAIN ITS OPERATION AS OWNER AND MANAGER, PROVIDING EXHIBITION, RESEARCH AND MEETING SPACE FOR EDUCATIONAL PROGRAMMING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS SUBMITTED TO EXECUTIVE DIRECTOR FOR REVIEW AND APPROVAL PRIOR TO FILING. BOARD MEMBERS REVIEW AND APPROVAL IS REFLECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT EACH QUARTERLY BOARD MEETING, THE PRESIDENT ASKED AND THE SECRETARY RECORDED IF ANY BOARD MEMBERS, OFFICERS, VOLUNTEERS OR GUEST HAD A CONFLICT OF INTEREST AS REFLECTED IN THE FOUNDATION'S POLICY. NO CONFLICTS WERE REPORTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED AND VOTED UPON FOR APPROVAL BASED ON COMPARABLE DATA AND SUBSTANTION OF DUTIES PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DECISION TO HIRE AN EMPLOYEE IS BASED ON COMPARABILITY DATA, AND IS PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0GILDA ROGERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07323835483
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0T THOMAS FORTUNE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TTHO
ReturnHeader/Filer/EIN0815308319
ReturnHeader/Filer/PhoneNum07323835483
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2248
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0853351356
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROGER K STEIN CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02300 STATE ROUTE 66 STE 202

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$911,953
Liabilities
$5,435
Net assets
$906,518
Revenue
$103,424
Expenses
$84,141
Net income
$19,283
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.09$0.00$9.09$1.33$1.33$0.01
2023Detailed filing. Detailed filing data is available for this year.$9.14$0.05$9.09$1.29$1.27$0.02
2022Detailed filing. Detailed filing data is available for this year.$9.12$0.05$9.07$1.03$0.84$0.19
2021Detailed filing. Detailed filing data is available for this year.$9.21$0.27$8.94$1.31$0.56$0.75
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.20$0.00$8.20$0.43$0.44$0.01
2019Detailed filing. Detailed filing data is available for this year.$8.20$0.00$8.20$8.13$0.55$7.58
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.22$0.06$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.23$0.04$0.19