Nonprofit · EIN 75-2730557
TOM JOYNER FOUNDATION INC
Tax-exempt · DALLAS, TX 75219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $846,422 | $662,104 | $184,318 | $6,055,793 | $3,070,989 | $2,984,804 |
| December 31, 2023 | 990 | $1,510,111 | $898,347 | $611,764 | $7,476,302 | $4,787,812 | $2,688,490 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,583,704
- Program service revenue
- $0
- Investment income
- $64,181
- Net gain from sales of assets
- $14,375
- Net income from fundraising events
- -$5,801,463
- Other revenue
- -$5,801,463
Expenses
- Grants and similar amounts paid
- $399,439
- Compensation of officers, directors and key employees
- $136,796
- Salaries, compensation and benefits (total)
- $170,586
- Professional fundraising fees
- $0
- Legal fees
- $7,240
- Accounting fees
- $23,297
- Occupancy
- $21,906
- Depreciation
- $317
- Program services (functional)
- $399,439
- Management and general (functional)
- $261,962
- Fundraising (functional)
- $703
Balance sheet and other
- Total assets, start of year
- $7,476,302
- Total assets, end of year
- $6,055,793
- Total liabilities, end of year
- $3,070,989
- Net assets, end of year
- $2,984,804
- Land, buildings and equipment
- $476
- Publicly traded securities
- $1,632,135
- Net assets without donor restrictions
- $2,984,804
- Gross receipts
- $10,607,983
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1997
- State of legal domicile
- TX
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN PARSONS | CFO/TREASURER Officer | 40 | $136,796 | $23,303 |
| THOMAS JOYNER | PRESIDENT/CEO Trustee or director, Officer | 2 | $0 | $0 |
| ROYCE WEST | SECRETARY Trustee or director, Officer | 0.3 | $0 | $0 |
| JULIA ATHERTON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| THOMAS KALAHAR | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| REGINALD WEAVER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ALLISON JOYNER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN PARSONS | CFO/TREASURER Officer | 40 | $136,796 | $20,043 |
| THOMAS JOYNER | PRESIDENT/CEO Trustee or director, Officer | 2 | $0 | $0 |
| ROYCE WEST | SECRETARY Trustee or director, Officer | 0.3 | $0 | $0 |
| JULIA ATHERTON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| THOMAS KALAHAR | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| REGINALD WEAVER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ALLISON JOYNER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4848 LEMMON AVE STE 100 PMB 330, DALLAS, TX 75219-1401
- Principal officer (990 for 2024)
- KATHLEEN PARSONS, 4848 LEMMON AVENUE STE 100-330, DALLAS, TX 75219
- Signed the 990
- KATHLEEN PARSONS, CFO
- Phone
- (972) 371-5893
- Website
- TOMJOYNERFOUNDATION.ORG
- Return prepared by
- HAYNIE & COMPANY
Mission
THE TOM JOYNER FOUNDATION ADMINISTERS EDUCATIONAL AND SCHOLARSHIP PROGRAMS FOR STUDENTS ENROLLED IN HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCU).
Program accomplishments
- AWARDED OVER 100 SCHOLARSHIPS TO STUDENTS ATTENDING 83 DIFFERENT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS).Expenses $399,439 · grants $399,439
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2730557
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $6,055,793
- Income (IRS master file)
- $10,607,983
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $846,422 | $662,104 | $6,055,793 | XML |
| 990 | December 2023 | $1,510,111 | $898,347 | $7,476,302 | XML |
| 990 | December 2022 | $87,304 | $447,605 | $8,539,724 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 75-2730557).
Questions about TOM JOYNER FOUNDATION INC
- What is the EIN of TOM JOYNER FOUNDATION INC?
- The employer identification number (EIN) of TOM JOYNER FOUNDATION INC is 75-2730557.
- Is TOM JOYNER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to TOM JOYNER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOM JOYNER FOUNDATION 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 TOM JOYNER FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TOM JOYNER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TOM JOYNER FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names KATHLEEN PARSONS.
- Who are the officers and directors of TOM JOYNER FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $136,796 (KATHLEEN PARSONS, CFO/TREASURER).
- How much revenue does TOM JOYNER FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $846,422, expenses of $662,104 and total assets of $6,055,793 at year end.
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