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Nonprofit · EIN 41-1750692

THURGOOD MARSHALL COLLEGE FUND INC

Tax-exempt · WASHINGTON, DC 20004

Financials

$98.2M$63.7M2021$69.2M$72.7M2022$77.8M$71.1M2023$88.3M$65.7M2024$116.3M$77.6M2025
Revenue Expenses · by fiscal year end
Financials of THURGOOD MARSHALL COLLEGE FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$116,286,465$77,629,106$38,657,359$189,353,593$8,323,172$181,030,421
December 31, 2024990$88,255,911$65,707,834$22,548,077$143,339,390$4,340,659$138,998,731
December 31, 2023990$77,840,126$71,051,129$6,788,997$124,287,734$5,637,389$118,650,345
December 31, 2022990 (amended)$69,219,574$72,653,668-$3,434,094$126,922,627$15,668,670$111,253,957
December 31, 2021990 (amended)$98,157,197$63,700,978$34,456,219$123,348,684$3,093,471$120,255,213
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$112,276,957
of which government grants
$131,274
Program service revenue
$741,300
Investment income
$3,398,134
Net gain from sales of assets
$718,505
Net income from fundraising events
-$222,739
Other revenue
-$129,926

Expenses

Grants and similar amounts paid
$26,394,422
Compensation of officers, directors and key employees
$2,310,954
Other salaries and wages
$9,703,251
Salaries, compensation and benefits (total)
$15,061,178
Professional fundraising fees
$0
Legal fees
$11,598
Accounting fees
$58,879
Occupancy
$490,178
Travel
$9,954,383
Program services (functional)
$60,732,454
Management and general (functional)
$13,634,919
Fundraising (functional)
$3,261,733

Balance sheet and other

Total assets, start of year
$143,339,390
Total assets, end of year
$189,353,593
Total liabilities, end of year
$8,323,172
Net assets, end of year
$181,030,421
Publicly traded securities
$131,488,116
Net assets without donor restrictions
$106,365,865
Net assets with donor restrictions
$74,664,556
Gross receipts
$129,724,852
Employees
112
Volunteers
50
Year formed
1993
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Dr Harry Lee WilliamsPresident & CEO
Officer
40$707,000$60,106
Aisha BrownCOO & Chief Strategy Officer
Officer
40$434,587$34,473
David SheppardChief Business & Legal Officer
Officer
40$382,274$40,629
Jason HundleyExecutive VP, Finance and Operations
Highest-paid employee
40$310,442$24,166
Clara Stamps JonesChief Mktg and Communications Officer
Officer
40$290,288$37,034
M Christopher BrownExec. Director & Research Scientist
Highest-paid employee
40$232,000$22,686
Martinique Lashawn TaylorSenior Vice President of Programs
Highest-paid employee
40$210,000$40,803
Tamara ThompsonChief Program Officer
Officer
40$240,000$10,623
Betsy Ann Burton-StrunkVice President of Development
Highest-paid employee
40$180,000$43,406
Tamaria Kai PerrySVP Special Projects
Highest-paid employee
40$204,000$15,442
Jonathan SandvilleChief Development Officer
Officer
40$67,308$6,632
Racquel OdenChair
Trustee or director, Officer
1$0$0
Terry ArnoldDirector
Trustee or director
1$0$0
Gary BettmanDirector
Trustee or director
1$0$0
Cynthia BowmanDirector
Trustee or director
1$0$0
24 more people on this return
NameTitleHours / weekCompensation
Sandra BuchananDirector
Trustee or director
1$0
Greg Carter IIDirector
Trustee or director
1$0
Theodore Colbert IIIDirector
Trustee or director
1$0
Byna ElliottDirector
Trustee or director
1$0
Robert EngelDirector
Trustee or director
1$0
Myron FrazierDirector
Trustee or director
1$0
Jeffrey HurdDirector
Trustee or director
1$0
Collis JonesDirector
Trustee or director
1$0
Gregory JonesDirector
Trustee or director
1$0
Lane McBrideDirector
Trustee or director
1$0
April Payne-McMillianDirector
Trustee or director
1$0
Charles MerinoffDirector
Trustee or director
1$0
Mark NelsonDirector
Trustee or director
1$0
Michelle NettlesDirector
Trustee or director
1$0
David OsswaldDirector
Trustee or director
1$0
Melonie ParkerDirector
Trustee or director
1$0
Dr Quinton Ross JrDirector
Trustee or director
1$0
Dr Patricia SimsDirector
Trustee or director
1$0
Paul Sweeney Jr EsqDirector
Trustee or director
1$0
Byron TaylorDirector
Trustee or director
1$0
Toni Townes-WhitleyDirector
Trustee or director
1$0
Kevin WallingDirector
Trustee or director
1$0
Alicia WestDirector
Trustee or director
1$0
Tatia WilliamsDirector
Trustee or director
1$0
990 for the year ended December 31, 2024: 44 people
NameTitleHours / weekCompensationOther / benefits
Dr Harry Lee WilliamsPresident & CEO
Officer
40$793,000$76,508
Aisha T BrownChief Finance & Operations Officer
Officer
40$399,832$48,677
David Kyle SheppardChief Business and Legal Officer
Officer
40$335,350$55,637
George SpencerChief Development Officer
Officer
40$289,800$57,121
Jason HundleyExecutive VP of Finance & Ops
Highest-paid employee
40$254,500$45,318
Martinique Lashawn TaylorSr. VP of Programs
Highest-paid employee
40$216,000$52,861
Christopher BrownExec. Director & Research Scientist
Highest-paid employee
40$219,808$38,387
Tamara Mathis ThompsonChief Programs Officer
Officer
40$225,616$24,671
Tamaria Kai PerrySVP of Strategic Growth & Initiatives
Highest-paid employee
40$185,885$40,297
Dakota DomanExecutive Director TM2
Highest-paid employee
40$185,980$13,948
Clara Ross StampsChief Marketing Officer
Officer
40$152,789$33,755
Racquel OdenChair
Trustee or director, Officer
1$0$0
Ciara AnfieldDirector
Trustee or director
1$0$0
Terry ArnoldDirector
Trustee or director
1$0$0
Gary BettmanDirector
Trustee or director
1$0$0
Cynthia BowmanDirector
Trustee or director
1$0$0
Greg Carter IIDirector
Trustee or director
1$0$0
Theodore Colbert IIIDirector
Trustee or director
1$0$0
Byna ElliottDirector
Trustee or director
1$0$0
Robert EngelDirector
Trustee or director
1$0$0
Myron FrazierDirector
Trustee or director
1$0$0
Yvette HunsickerDirector
Trustee or director
1$0$0
Jeffrey HurdDirector
Trustee or director
1$0$0
Sandra HurseDirector
Trustee or director
1$0$0
Collis JonesDirector
Trustee or director
1$0$0
Gregory JonesDirector
Trustee or director
1$0$0
Sean LeeDirector
Trustee or director
1$0$0
Lane McBrideDirector
Trustee or director
1$0$0
April Payne-McMillianDirector
Trustee or director
1$0$0
Charles MerinoffDirector
Trustee or director
1$0$0
Machell MimsDirector
Trustee or director
1$0$0
Mark NelsonDirector
Trustee or director
1$0$0
Michelle NettlesDirector
Trustee or director
1$0$0
David OsswaldDirector
Trustee or director
1$0$0
Melonie ParkerDirector
Trustee or director
1$0$0
Josh PettyDirector
Trustee or director
1$0$0
Dr Quinton Ross JrDirector
Trustee or director
1$0$0
Chris ScaliaDirector
Trustee or director
1$0$0
Paul Sweeney Jr EsqDirector
Trustee or director
1$0$0
Byron TaylorDirector
Trustee or director
1$0$0
Toni Townes-WhitleyDirector
Trustee or director
1$0$0
Kevin WallingDirector
Trustee or director
1$0$0
Alicia WestDirector
Trustee or director
1$0$0
Tatia WilliamsDirector
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 41 people
NameTitleHours / weekCompensationOther / benefits
Dr Harry Lee WilliamsPresident & CEO
Officer
40$637,000$75,521
Aisha T BrownChief Finance & Operations Officer
Officer
40$316,992$43,306
George SpencerChief Innovation & Growth Officer
Officer
40$279,538$67,449
David Kyle SheppardChief Business and Legal Officer
Officer
40$282,115$52,956
Andrea HortonChief Marketing Officer
Officer
40$246,154$72,510
Eric D HartChief Programs Officer
Highest-paid employee
40$240,000$60,767
Jason HundleyExecutive VP of Finance & Operations
Highest-paid employee
40$222,692$43,621
Amy D GoldsteinVice President, Strategy
Highest-paid employee
40$180,000$62,892
Betsy Ann Burton-StrunkVice President of Development
Highest-paid employee
40$180,000$52,623
Christopher BrownExec. Director & Research Scientist
Highest-paid employee
40$189,000$34,951
Martinique Lashawn TaylorInterim Chief Learning Officer
Officer
40$175,386$42,743
Tamara Mathis ThompsonInterim Chief Of Programs
Officer
40$177,500$21,280
Charles MerinoffChair
Trustee or director, Officer
1$0$0
Ciara AnfieldDirector
Trustee or director
1$0$0
Terry ArnoldDirector
Trustee or director
1$0$0
Gary BettmanDirector
Trustee or director
1$0$0
Greg Carter IIDirector
Trustee or director
1$0$0
Theodore Colbert IIIDirector
Trustee or director
1$0$0
Robert EngelDirector
Trustee or director
1$0$0
Yvette HunsickerDirector
Trustee or director
1$0$0
Jeffrey HurdDirector
Trustee or director
1$0$0
Sandra HurseDirector
Trustee or director
1$0$0
Collis JonesDirector
Trustee or director
1$0$0
Gregory JonesDirector
Trustee or director
1$0$0
Sean LeeDirector
Trustee or director
1$0$0
Lane McBrideDirector
Trustee or director
1$0$0
April Payne-McMillianDirector
Trustee or director
1$0$0
Michelle NettlesDirector
Trustee or director
1$0$0
Racquel OdenDirector
Trustee or director
1$0$0
David OsswaldDirector
Trustee or director
1$0$0
Melonie ParkerDirector
Trustee or director
1$0$0
Josh PettyDirector
Trustee or director
1$0$0
Dr Quinton Ross JrDirector
Trustee or director
1$0$0
Chris ScaliaDirector
Trustee or director
1$0$0
Paul Sweeney Jr EsqDirector
Trustee or director
1$0$0
Byron TaylorDirector
Trustee or director
1$0$0
Toni Townes-WhitleyDirector
Trustee or director
1$0$0
Kevin WallingDirector
Trustee or director
1$0$0
Alicia WestDirector
Trustee or director
1$0$0
Barbara WhyeDirector
Trustee or director
1$0$0
Tatia WilliamsDirector
Trustee or director
1$0$0
990 for the year ended December 31, 2022: 38 people
NameTitleHours / weekCompensationOther / benefits
Dr Harry Lee WilliamsPresident & CEO
Officer
40$770,514$38,379
Aisha T BrownChief Finance & Operations Officer
Officer
40$325,431$21,938
David Kyle SheppardChief Business And Legal Officer
Officer
40$303,720$31,868
George SpencerChief Innovation And Growth Officer
Officer
40$282,937$35,155
Andrea HortonChief Marketing Officer
Officer
40$282,282$28,263
Amy D GoldsteinVice President, Strategy
Highest-paid employee
40$262,471$32,484
Eric D HartChief Programs Officer
Officer
40$244,276$23,578
Jason HundleyVice President of Finance & Operations
Highest-paid employee
40$243,169$21,653
Betsy Ann Burton-StrunkVice President of Development
Highest-paid employee
40$190,544$20,612
Martinique Lashawn ThompsonVice President of Talent Acquisition
Highest-paid employee
40$184,524$13,212
Brandon KennyExecutive Director
Highest-paid employee
40$169,553$6,576
Ciara AnfieldDirector
Trustee or director
1$0$0
Gary BettmanDirector
Trustee or director
1$0$0
Pierre BreberDirector
Trustee or director
1$0$0
Greg Carter IIDirector
Trustee or director
1$0$0
Theodore Colbert IIIDirector
Trustee or director
1$0$0
Robert EngelDirector
Trustee or director
1$0$0
Yvette HunsickerDirector
Trustee or director
1$0$0
Sandra HurseDirector
Trustee or director
1$0$0
Collis JonesDirector
Trustee or director
1$0$0
Gregory JonesDirector
Trustee or director
1$0$0
Lane McBrideDirector
Trustee or director
1$0$0
Maria MelendezDirector
Trustee or director
1$0$0
Charles MerinoffChair
Trustee or director
1$0$0
Michelle NettlesDirector
Trustee or director
1$0$0
Racquel OdenDirector
Trustee or director
1$0$0
David OsswaldDirector
Trustee or director
1$0$0
Melonie ParkerDirector
Trustee or director
1$0$0
Dr N Joyce PayneDirector
Trustee or director
1$0$0
Joshua PettyDirector
Trustee or director
1$0$0
Chris ScaliaDirector
Trustee or director
1$0$0
Kent Smith JrDirector
Trustee or director
1$0$0
Paul Sweeney Jr EsqDirector
Trustee or director
1$0$0
Toni Townes-WhitleyDirector
Trustee or director
1$0$0
Kevin WallingDirector
Trustee or director
1$0$0
Alicia WestDirector
Trustee or director
1$0$0
Barbara WhyeDirector
Trustee or director
1$0$0
Tatia WilliamsDirector
Trustee or director
1$0$0
990 for the year ended December 31, 2021: 33 people
NameTitleHours / weekCompensationOther / benefits
Dr Harry L WilliamsPresident & CEO
Officer
40$679,110$26,907
David Kyle SheppardChief Legal Officer & Chief of Staff
Officer
40$251,514$8,250
Amy GoldsteinVP Org Advancement/Capacity Building
Highest-paid employee
40$221,381$27,500
Aisha T BrownChief Finance & Operations Officer
Officer
40$237,787$8,710
Ja'Ron Kenneth SmithExecutive Director, CAO
Highest-paid employee
40$244,423$0
Andrea HortonChief Marketing Officer
Officer
40$222,310$19,500
George SpencerChief Development Officer
Officer
40$217,168$21,000
Eric D HartChief Programs Officer
Officer
40$191,677$17,000
Jason HundleyVP of Finance and Operations
Highest-paid employee
40$166,961$10,972
Betsy Burton-StrunkVice President of Development
Highest-paid employee
40$164,381$10,895
Sean D BurnsAssistant VP Government Relations
Highest-paid employee
40$144,998$750
Gary BettmanDirector
Trustee or director
1$0$0
Pierre BreberDirector
Trustee or director
1$0$0
Theodore Colbert IIIDirector
Trustee or director
1$0$0
Robert EngelDirector
Trustee or director
1$0$0
Sandra HurseDirector
Trustee or director
1$0$0
Collis JonesDirector
Trustee or director
1$0$0
Gregory JonesDirector
Trustee or director
1$0$0
Lane McBrideDirector
Trustee or director
1$0$0
Maria MelendezDirector
Trustee or director
1$0$0
Charles MerinoffChair
Trustee or director
1$0$0
Michelle NettlesDirector
Trustee or director
1$0$0
Racquel OdenDirector
Trustee or director
1$0$0
David OsswaldDirector
Trustee or director
1$0$0
Melonie ParkerDirector
Trustee or director
1$0$0
Joshua PettyDirector
Trustee or director
1$0$0
Tony RogersDirector
Trustee or director
1$0$0
Chris ScaliaDirector
Trustee or director
1$0$0
Kent Smith JrDirector
Trustee or director
1$0$0
Paul Sweeney Jr EsqDirector
Trustee or director
1$0$0
Toni Townes-WhitleyDirector
Trustee or director
1$0$0
Kevin WallingDirector
Trustee or director
1$0$0
Tatia WilliamsDirector
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
901 F ST NW STE 700, WASHINGTON, DC 20004-1436
Principal officer (990 for 2025)
Harry L Williams, 901 F St NW Ste 700, Washington, DC 200041436
Signed the 990
Aisha T Brown, CFO and COO
Phone
(202) 507-4851
Return prepared by
Rogers & Company PLLC

Mission

The mission of the Thurgood Marshall College Fund is three-fold: Partner with our member-schools to increase access, retention and graduation rates of students attending their schools, identify and prepare students attending member-schools who have significant leadership potential, and create a pipeline for employers of highly qualified member-schools, students and alumni.

990 for the year ended December 31, 2025

Program accomplishments

  • Scholarships 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 and provide support to students throughout the internship program. See Schedule O for continuation
    Expenses $26,394,422 · grants $26,394,422
  • 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. See Schedule O for continuation
    Expenses $33,879,160 · revenue $161,050
  • 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.
    Expenses $458,872

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1750692
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1993
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82Z)
Assets (IRS master file)
$189,353,593
Income (IRS master file)
$129,724,852

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$116,286,465$77,629,106$189,353,593XML
990December 2024$88,255,911$65,707,834$143,339,390XML
990December 2023$77,840,126$71,051,129$124,287,734XML
990December 2022$69,219,574$72,653,668$126,922,627XML
990December 2021$98,157,197$63,700,978$123,348,684XML
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1750692).

Questions about THURGOOD MARSHALL COLLEGE FUND INC

What is the EIN of THURGOOD MARSHALL COLLEGE FUND INC?
The employer identification number (EIN) of THURGOOD MARSHALL COLLEGE FUND INC is 41-1750692.
Is THURGOOD MARSHALL COLLEGE FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to THURGOOD MARSHALL COLLEGE FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THURGOOD MARSHALL COLLEGE FUND INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THURGOOD MARSHALL COLLEGE FUND INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THURGOOD MARSHALL COLLEGE FUND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of THURGOOD MARSHALL COLLEGE FUND INC?
The 990 for the year ended December 31, 2025 names Harry L Williams.
Who are the officers and directors of THURGOOD MARSHALL COLLEGE FUND INC?
The 990 for the year ended December 31, 2025 lists 39 people; 11 received compensation from the organization, the highest $707,000 (Dr Harry Lee Williams, President & CEO).
How much revenue does THURGOOD MARSHALL COLLEGE FUND INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $116,286,465, expenses of $77,629,106 and total assets of $189,353,593 at year end.

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