Education : Scholarship and Financial Support

Thurgood Marshall College Fund

Where Education Pays Off

90.38

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 90.38
  Financial 87.00
  Accountability & Transparency 96.00
This rating was published 06/01/2021 and includes data from FY2019, 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

87.00

Accountability & Transparency

96.00

This rating was published 06/01/2021 and includes data from FY2019, 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)
84.5%
  Administrative Expenses 11.5%
  Fundraising Expenses 3.8%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 0.46
  Program Expenses Growth 7.1%
  Liabilities to Assets 26.5%
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.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $20,499,941
   Federated Campaigns $163,373
   Membership Dues $18,750
   Fundraising Events $965,339
   Related Organizations $0
   Government Grants $1,396,793
Total Contributions $23,044,196
   Program Service Revenue $15,103
Total Primary Revenue $23,059,299
   Other Revenue $-359,622
TOTAL REVENUE $22,699,677
   
EXPENSES  
   Program Expenses $17,308,636
   Administrative Expenses $3,363,720
   Fundraising Expenses $1,297,696
TOTAL FUNCTIONAL EXPENSES $21,970,052
   
Payments to Affiliates $0
Excess (or Deficit) for the year $729,625
   
Net Assets $10,971,701

Charts

Compensation % of Expenses Paid to Title
$410,634 1.86% Harry L. Williams President, CEO

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Thurgood Marshall College Fund (DC) 90.38
Horatio Alger Association of Distinguished Americans (VA) 90.98
Tri-County Scholarship Fund (NJ) 98.09
Summer Camp Opportunities Promote Education (SCOPE) (NY) 92.15
Alliance for Education (WA) 85.44

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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