Civic Intelligence

T Thomas Fortune Foundation

990 • Fiscal year 2021 • EIN 81-5308319

Jan 01, 2021 to Dec 31, 2021 • Filed on Dec 31, 2022

PO Box 2248Red Bank, NJ 07701

(973) 727-3873

Siviq Scores

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

Liabilities / Assets

45th percentile

0.03x

Higher debt load relative to assets than 45% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.21x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Net Margin

90th percentile

57%

Higher net margin than 90% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

50th percentile

$9,019

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Asset Growth

49th percentile

12%

Faster asset growth than 49% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

206%

Faster revenue growth than 93% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$921,468

Up $101,496 (+12%) from 2020

Net Assets

Up

$893,984

Up $74,012 (+9.0%) from 2020

Liabilities

Up

$27,484

Up $27,484 from 2020

Revenue

Up

$131,261

Up $88,351 (+206%) from 2020

Expenses

Up

$55,918

Up $12,384 (+28%) from 2020

Net Income

Up

$75,343

Up $75,967 (+12174%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$921,468
Liabilities$27,484
Net Assets$893,984

Operations Trend

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

2021

Revenue$131,261
Expenses$55,918
Net Income$75,343
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Dec 31, 2022
Return Version
2021v4.2
Gross Receipts
$131,261
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$750,000$790,207▲ $40,207
Cash and Non-Interest-Bearing Accounts$18,937$90,563▲ $71,626
Savings and Temporary Cash Investments$41,097$40,698▼ $399
Total Assets$819,972$921,468▲ $101,496
Other Assets Total$9,938--
Liabilities
Accounts Payable and Accrued Expenses-$27,484-
Total Liabilities$0$27,484▲ $27,484
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$819,972$893,984▲ $74,012
Total Net Assets Fund Balance$819,972$893,984▲ $74,012
Total Liabilities and Net Assets / Fund Balance$819,972$921,468▲ $101,496

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$700,000-$700,000
Land$50,000-$50,000
Other Land Buildings$40,207$890-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gilda D RogersExecutive DirectorPT$9,019$9,019

Board Members and Trustees

NameTitle
Kerwin WebbChairman
Walter GreasonPresident Emeritus
Brigit 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
$121,157
Program Service Revenue
$9,172
Investment Income
$932
Other Revenue
$0
All Other Contributions
$121,157
Change in Net Assets
$75,343
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,081
Salaries, Compensation, and Employee Benefits$14,837
Total Fundraising Expense$308
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$6,114$18,593$308$25,015
Current Officers, Directors, Trustees, and Key Employees-$7,871-$7,871
Other Salaries and Wages-$4,915-$4,915
Information Technology-$3,818-$3,818
Insurance$2,258$692-$2,950
Advertising$2,200--$2,200
Payroll Taxes-$2,051-$2,051
Other Expenses$900$186-$900
Total Functional Expenses$17,484$38,126$308$55,918
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 governing body review Part VI line 11

The 990 is submitted to Executive Director for review and approval prior to filing. Board members review and approval is reflected.

Conflict of interest policy compliance 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 Foundations polict. No conflicts were reported

CEO executive director top management comp Part VI line 15A

The process for determing compensation for the executive director was reviewed and voted upon for approval based on comparable data and substantion of duties performed.

Other officer or key employee compensation Part VI line 15B

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

Governing documents etc available to public Part VI line 19

Upon Request

Filing and Contact Details

Filer

Filer Name
Tthomas Fortune Foundation
EIN
81-5308319
Address
PO BOX 2248, Red Bank, NJ 07701

Signing Officer

Name
Gilda Rogers
Title
Executive Direc
Phone
9084613156
Signed
2022-12-31
Discuss with paid preparer
No

Organization Details

Formed
2016
Legal Domicile
Nj
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
11

Preparer

Firm
LRW Income Tax Service
Address
411 Tavistock, Cherry Hill, NJ 08034
Preparer
Lyla R Wilkins
Phone
9082996199
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

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 Part III, Line 4a - Program Service AccomplishmentsJanuary 2021 The T. Thomas Fortune Cultural Center produced the documentary Entwined for Survival: Monmouth Countys Native Americans and Black Enslaved Population, which was partially funded by a grant from the Monmouth County Historical Commission. The documentary was part of a three-part series called Monmouth County Freedom Stories, which was archived with the Monmouth County Historical Commission. With COVID-19 still looming, the screening took place via zoom. The documentary was introduced by Monmouth Historian Rick Geffken, and the large audience of upwards of 75 people were engaged and there was plenty of discussion after the screening. Many of the ancestors of some of the featured Native American families were a part of a three-part series called Monmouth County Freedom Stories, which was archived with the Monmouth County Historical Commission. With COVID-19 still looming, the screening took place via zoom. The documentary was introduced by Monmouth Historian Rick Geffken, and the large audience of upwards of 75 people were engaged and there was plenty of discussion after the screening. Many of the ancestors of some of the featured Native American families were a part of the Zoom session that made it a very informative event.February 2021This years 37th Annual National African American Read-In was a community wide event, led by the T. Thomas Fortune Cultural Center, which involved Pilgrim Baptist Church, JBJ Soul Kitchen, Monmouth County Historical Association and Two River Theater. All the participants from various locations recited the poetry and prose by African American writers, which was videotaped and shared with a Zoom audience. The READ-IN kicked off with a special video introduction with the Ambassador of Childrens Literature, Jayson Reynolds. This was a kid-friendly event and greatly appreciated by the students and adult participants involved. Juneteenth 2021The exhibit, The Fabric of Our Lives: A Cultural Textile Experience, opened at the Cultural Center for this Juneteenth celebration. Ornate quilts were displayed throughout the Cultural Center and were on loan from Storytellers in Cloth, a 25-year-old quilting organization, founded by two Black women, Gloria Douglass and Michelle Davis, who made presentations about their artful creations. Home furnishings of African motifs and the incredible quilted artwork of the extraordinary fabric artist, Bisa Butler, was showcased through a video presentation. This event was in-person and it was sold-out.

Financial Statement Notes

Not reporting collections (Part III, line 1A)

Historical books for library collection and artwork

Collections descriptions (Part III, line 4)

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

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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
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is submitted to Executive Director for review and approval prior to filing. Board members review and approval is reflected.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1At 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 Foundations polict. No conflicts were reported
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR DETERMING COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS REVIEWED AND VOTED UPON FOR APPROVAL BASED ON COMPARABLE DATA AND SUBSTANTION OF DUTIES PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DECISION TO HIRE AND EMPLOYEE IS BASED ON COMPARABILITY DATA, AND IS PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon Request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The 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 Part III, Line 4a - Program Service AccomplishmentsJanuary 2021 The T. Thomas Fortune Cultural Center produced the documentary Entwined for Survival: Monmouth Countys Native Americans and Black Enslaved Population, which was partially funded by a grant from the Monmouth County Historical Commission. The documentary was part of a three-part series called Monmouth County Freedom Stories, which was archived with the Monmouth County Historical Commission. With COVID-19 still looming, the screening took place via zoom. The documentary was introduced by Monmouth Historian Rick Geffken, and the large audience of upwards of 75 people were engaged and there was plenty of discussion after the screening. Many of the ancestors of some of the featured Native American families were a part of a three-part series called Monmouth County Freedom Stories, which was archived with the Monmouth County Historical Commission. With COVID-19 still looming, the screening took place via zoom. The documentary was introduced by Monmouth Historian Rick Geffken, and the large audience of upwards of 75 people were engaged and there was plenty of discussion after the screening. Many of the ancestors of some of the featured Native American families were a part of the Zoom session that made it a very informative event.February 2021This years 37th Annual National African American Read-In was a community wide event, led by the T. Thomas Fortune Cultural Center, which involved Pilgrim Baptist Church, JBJ Soul Kitchen, Monmouth County Historical Association and Two River Theater. All the participants from various locations recited the poetry and prose by African American writers, which was videotaped and shared with a Zoom audience. The READ-IN kicked off with a special video introduction with the Ambassador of Childrens Literature, Jayson Reynolds. This was a kid-friendly event and greatly appreciated by the students and adult participants involved. Juneteenth 2021The exhibit, The Fabric of Our Lives: A Cultural Textile Experience, opened at the Cultural Center for this Juneteenth celebration. Ornate quilts were displayed throughout the Cultural Center and were on loan from Storytellers in Cloth, a 25-year-old quilting organization, founded by two Black women, Gloria Douglass and Michelle Davis, who made presentations about their artful creations. Home furnishings of African motifs and the incredible quilted artwork of the extraordinary fabric artist, Bisa Butler, was showcased through a video presentation. This event was in-person and it was sold-out.
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