Thurgood Marshall College Fund
Thurgood Marshall College Fund reported $116.3 million in revenue and $77.6 million in expenses for calendar year 2025. Of every $100 it spent, $78.23 went to program services, $17.57 to management and general costs and $4.20 to fundraising. Its largest source of revenue was contributions and grants: 96.6% of the total. The highest compensation it reported for one person was $767,106 (President & CEO). 37 people received more than $100,000 in reportable compensation. Revenue rose 412% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $78MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $116M- Contributions & grants (non-government)$96.33 $112M
- Government grants$0.11 $131K
- Program service revenue$0.64 $741K
- Investment income$2.92 $3.4M
Other revenue was negative: −$130K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $767,106 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.99% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 37 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 28.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 28 of 28 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseScholarships and grants: The Scholarship Program provides merit-based scholarships to students seeking financial assistance to complete their education. TMCF scholarships are awarded annually to students meeting the TMCF eligibility criteria. Awards are made each semester based on a verification process designed to ensure that students are meeting high expectations and have an unmet financial need.The TMCF Internship Program is managed by the talent acquisition division and seeks students who attend member-schools and maintain a minimum GPA of 3.0. Members of the division serve as liaisons…
Leadership training and seminars: The Teacher Quality and Retention Program (TQRP) was designed to help teachers enhance the learning experience of students. Now, more than ever, our students need qualified teachers who can help them overcome challenging school environments and achieve academic and personal success. Historically Black Colleges and Universities (HBCU's) graduate more minority teachers than any other source.TQRP provides a one-week summer institute designed to give education majors experience in the application of educational theories and practices
TM2 Search: TM2 Education Search provides retained search and leadership development services designed to help build and develop sustainable leadership and boards. Specifically, our searches focus on the following positions: Board of Trustees, Presidents & Chancellors, Provosts, Deans, and the Executive Level of institutions in the Black College Community
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO Officer, 40.00 hrs/week | $707,000 | $0 | $60,106 | $767,106 |
| COO & Chief Strategy Officer Officer, 40.00 hrs/week | $434,587 | $0 | $34,473 | $469,060 |
| Chief Business & Legal Officer Officer, 40.00 hrs/week | $382,274 | $0 | $40,629 | $422,903 |
| Executive VP, Finance and Operations Highest compensated employee, 40.00 hrs/week | $310,442 | $0 | $24,166 | $334,608 |
| Chief Mktg and Communications Officer Officer, 40.00 hrs/week | $290,288 | $0 | $37,034 | $327,322 |
| Exec. Director & Research Scientist Highest compensated employee, 40.00 hrs/week | $232,000 | $0 | $22,686 | $254,686 |
| Senior Vice President of Programs Highest compensated employee, 40.00 hrs/week | $210,000 | $0 | $40,803 | $250,803 |
| Chief Program Officer Officer, 40.00 hrs/week | $240,000 | $0 | $10,623 | $250,623 |
37 people received more than $100,000 in reportable compensation from Thurgood Marshall College Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.3M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b28 · 28 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5112
- Volunteers Part I, line 650
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| Dancker Office remodeling | $623,870 |
| ACUE Pathway Course Cohort | $305,000 |
| 901 F LLC Security deposit/rent | $211,425 |
| Golden Touch of Atlanta Event Decor | $195,776 |
| CGCN Group Professional Services | $150,000 |
Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.
Private foundation grants it received
50 private foundations reported grants to Thurgood Marshall College Fund totaling $7.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Thurgood Marshall College Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Thurgood Marshall College Fund, you can publish a response that is linked from this page.
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Of every $100 Thurgood Marshall College Fund spent in 2025, $78.23 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of Mississippi FoundationOxford, MS · revenue $116M · programs 88.2% · FY2025
- George Mason University FoundationFairfax, VA · revenue $116M · programs 93.6% · FY2025
- Roseman University of Health SciencesHenderson, NV · revenue $116M · programs 67.7% · FY2025
- Bright Star SchoolsLos Angeles, CA · revenue $117M · programs 84.3% · FY2025
- Kaiser Permanente Bernard J Tyson School of MedicineOakland, CA · revenue $115M · programs 87.9% · 2024
All education charities · Largest charities in District of Columbia
Questions people ask
How much of Thurgood Marshall College Fund's spending goes to programs?
In calendar year 2025, Thurgood Marshall College Fund reported that 78.2% of its $77.6 million in expenses went to program services, 17.6% to management and general and 4.2% to fundraising (Form 990, Part IX).
How much does Thurgood Marshall College Fund pay its top executive?
The largest total compensation Thurgood Marshall College Fund reported for one person in calendar year 2025 was $767,106, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Thurgood Marshall College Fund get its money?
Of $116.3 million in revenue in calendar year 2025, 96.6% came from contributions and grants (including 0.1% from government grants) and 0.6% from program service revenue (Form 990, Part VIII).
Is Thurgood Marshall College Fund a registered charity?
The IRS lists EIN 41-1750692 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202612649349301211 · read the filing
- 2024: Form 990 for calendar year 2024, object 202522049349301557 · read the filing
- 2023: Form 990 for calendar year 2023, object 202422209349300417 · read the filing
- 2022: Form 990 for calendar year 2022 (amended), object 202400759349301410 · read the filing
- 2021: Form 990 for calendar year 2021 (amended), object 202400759349301210 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102939349300130 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012899349301906 · read the filing
All filings for EIN 41-1750692: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.