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Education : Scholarship and Financial Support

Thurgood Marshall College Fund

Where Education Pays Off

four stars

92.34

901 F Street NW Suite 700
Washington, DC 20004
tel: (202) 507-4851   Web Site
EIN: 41-1750692

Board Leadership
Charles Merinoff
Chair

CEO
Harry L. Williams, Jr.
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 92.34 four stars
  Financial 89.94 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 03/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Founded in 1987, Thurgood Marshall College Fund (TMCF) provides scholarships, capacity building and programmatic support, and advocacy for students and public Historically Black Colleges and Universities (HBCUs). Its mission is to ensure student success by promoting educational excellence and preparing the next generation of workforce talent through leadership development.

Founded in 1987, Thurgood Marshall College Fund (TMCF) provides scholarships, capacity building and programmatic support, and advocacy for students and public Historically Black Colleges and Universities (HBCUs). Its mission is to ensure student success by promoting educational excellence and preparing the next generation of workforce talent through leadership development.

Impact & Results Score

Score
75/100
Program Name: Scholarship Program
Program Name: Scholarship Program

Note: The Impact & Results score currently has no effect on the nonprofit's Star Rating.

The Impact & Results score is a measure of how well a nonprofit delivers on its stated mission. To issue a score, Charity Navigator estimates the actual impact the nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact. Learn more about our Impact & Results methodology here.

Program Activities
Thurgood Marshall College Fund Inc grants scholarships to beneficiaries.
Impact Statement
$12,000 increases income for a scholarship recipient in need by $15,000.
Assessment Benchmark
Impact & Results scores of postsecondary scholarship programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 75 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a score of 50.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of Thurgood Marshall College Fund.
Data Source
Output data collected during the program. Thurgood Marshall College Fund Inc publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Method for Attributing Outcomes
We estimate the increase in income caused by a nonprofit's scholarship program in two steps. First, we compare the estimated postsecondary graduation rate of its scholars to that of comparable students who did not receive a scholarship (the “counterfactual”). Our estimates are drawn from rigorous social science studies of similar scholarship programs. The result is the number of scholars whose graduation was caused by the nonprofit. Second, we compare the earnings of graduates to non-graduates based on publicly available census data, matching on student demographic characteristics. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. Both steps are necessary to properly net out counterfactual successes from observed successes. Otherwise, we would be attributing changes (increase in graduation rate and increase in earnings) to the nonprofit when they would have happened anyway. Few nonprofits estimate the counterfactual themselves, so we construct our own counterfactual estimate based on research and publicly available data.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of September 2020, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

89.94

Accountability & Transparency

four stars

96.00

This rating was published 03/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
84.8%
  Administrative Expenses 12.0%
  Fundraising Expenses 3.0%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 0.46
  Program Expenses Growth 12.5%
  Liabilities to Assets 23.4%
All data for Financial Performance Metrics calculations was provided by Thurgood Marshall College Fund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Thurgood Marshall College Fund on recent 990s filed with the IRS.

Constituent Feedback

Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people/communities they serve, may be more effective. We've partnered with GuideStar by Candid to survey organizations about their feedback practices. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile.

Here's how this organization is listening and learning from the people they serve:
How is the organization collecting feedback?
Electronic surveys (by email, tablet, etc), Case management notes, Direct phone calls with some Scholars
How is the organization using feedback?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve
With whom is the organization sharing feedback?
Our staff, Our funders
What challenges does the organization face when collecting feedback?
We don't have any major challenges to collecting feedback
Describe a recent change in your organization that resulted from feedback.
TMCF continuously engages in conversation with our students and funding partners TMCF identified new needs for first-generation, low-income HBCU students who were not progressing, and adjusted our program to meet the identified needs In response to COVID-19, TMCF engaged with our member-schools and students to identify new financial needs TMCF's partner engagement helps to identify new areas of training in our career preparation and leadership development programs, and we created new program platforms to support that training TMCF's TQRP adjusted its professional development offerings to support trauma informed teaching and online teaching, to ensure teachers are able to serve the low-income, minority students they educate
This Constituent Feedback information is provided to us by Candid. At this time, Constituent Feedback information published on this organization's page has no effect on its star rating per our methodology.

Highly Rated

Charity Name & State Overall Score Overall Rating
Thurgood Marshall College Fund (DC) 92.34 four stars
American Indian Services (UT) 92.94 four stars
Children's Scholarship Fund Philadelphia (PA) 95.72 four stars
Tri-County Scholarship Fund (NJ) 97.78 four stars
UNCF (DC) 86.39 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $17,916,962
   Federated Campaigns $110,506
   Membership Dues $82,500
   Fundraising Events $938,025
   Related Organizations $0
   Government Grants $5,831,618
Total Contributions $24,879,611
   Program Service Revenue $154,665
Total Primary Revenue $25,034,276
   Other Revenue $126,679
TOTAL REVENUE $25,160,955
   
EXPENSES  
   Program Expenses $21,806,922
   Administrative Expenses $2,013,170
   Fundraising Expenses $751,839
TOTAL FUNCTIONAL EXPENSES $24,571,931
   
Payments to Affiliates $0
Excess (or Deficit) for the year $589,024
   
Net Assets $10,256,414

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Leadership Training and Seminars $15,020,675 68.9%
Scholarships & Grants $6,656,896 30.5%
TM2 Education Search $129,351 0.6%

Ratings History
Thurgood Marshall College Fund has received 4 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 03/01/2020 92.34 four stars
2017-12 05/01/2019 92.15 four stars
2016-12 03/01/2018 94.13 four stars
2015-12 12/01/2016 94.69 four stars
2014-12 06/01/2016 88.24 three stars
 
CN 2.0
2014-12 03/01/2016 91.11 four stars
2014-12 02/01/2016 90.67 four stars
2014-12 12/01/2015 90.67 four stars
2013-12 12/22/2014 95.50 four stars
2012-12 09/01/2014 80.70 three stars
2012-12 12/01/2013 79.78 two stars
2011-12 12/20/2012 89.30 three stars
2010-12 04/01/2012 89.05 three stars
2009-12 09/20/2011 91.79 four stars
 
CN 1.0
2009-12 07/01/2011 96.32 four stars
2008-12 09/01/2010 87.14 three stars
2007-12 03/01/2009 96.53 four stars
2006-12 12/01/2007 96.18 four stars
2005-12 12/15/2006 86.44 three stars
2004-12 05/01/2006 88.63 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 41-1750692
Name in IRS Master File THURGOOD MARSHALL COLLEGE FUND INC
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1993
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$518,871 2.11% Harry L. Williams President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Thurgood Marshall College Fund (DC) 92.34 four stars
I Know I Can (OH) 95.00 four stars
Hispanic Scholarship Fund (CA) 90.91 four stars
Page Education Foundation (MN) 91.60 four stars
Central Scholarship (MD) 94.65 four stars

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This charity has an official representative registered with Charity Navigator.

Constituent Feedback

This organization is sharing information on how they communicate with stakeholders to better inform your giving.

Charity Contact Info

Thurgood Marshall College Fund
901 F Street NW
Suite 700
Washington, DC 20004
tel: (202) 507-4851
fax: (202) 652-2934
EIN: 41-1750692

Visit Web Site

Board Leadership

Charles Merinoff
Chair

CEO

Harry L. Williams, Jr.
President, CEO

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