TMCF Offering Ways to Achieve Dreams 2014 Annual Report ® Annual Report 2014 Our Mission Our mission is three-fold: • Partner with our member-schools to increase access, retention and graduation rates of students • Identify and prepare students attending member-schools who have significant leadership potential • Create a pipeline for employers to highlyqualified member-school students and alumni Our Vision Changing the World … One Leader at a Time ii Annual Report 2014 CONTENTS 3 25 39 SUPPORTING SUPPORTING K-12 EDUCATION ADVOCACY 9 25 41 IDENTIFYING TALENT GLOBALIZING 01 WELCOME MESSAGE 03 SCHOLARSHIPS 09 LEADERSHIP INSTITUTE 15 INTERNSHIPS 19 TMCF/CDC AMBASSADOR PROGRAM 21 TEACHER QUALITY AND RETENTION PROGRAM (TQRP) 25 PAYNE GLOBAL INITIATIVE 27 OFC - VENTURE CHALLENGE 29 CAPACITY BUILDING 31 UNDERGRADUATE RESEARCH 33 MICROSOFT SOFTWARE GRANT 35 SCHOOL SUPPORT LISTING 37 GOVERNMENT AFFAIRS 39 AWARDS OF EXCELLENCE (AOE) 41 26TH ANNIVERSARY AWARDS GALA 45 DONOR LISTING 51 BOARD OF DIRECTORS 53 EXECUTIVE TEAM 54 STAFF LISTING 55 MEMBER-SCHOOLS 57 FINANCIAL STATEMENTS CELEBRATING iii Annual Report 2014 WELCOME MESSAGE Dear Friends, At the Thurgood Marshall College Fund (TMCF) we are guided by the vision of our namesake, who understood the impact that education can have on the trajectory of a young person’s life. For Justice Thurgood Marshall, education was the key to individual, family and community advancement – and through these layers, the improvement of America. This Annual Report will provide you with a high level review of all the great things TMCF accomplished in 2014 to fulfill our mission. Thanks to the support of our many partners, sponsors and donors, TMCF had an amazing year and an incredible impact among our 47 member-schools – America’s publicly-supported Historically Black Colleges and Universities (HBCUs) and the nearly 300,000 students matriculating on their campuses. Some of the major highlights include: • • • • • We awarded $2.7 million in scholarships to high-achieving students with a financial need Our Talent Acquisition Team touched close to 1,800 students on our member-school campuses – preparing them for the workplace We helped 215 students secure internships or executive-track jobs – thus, launching promising executive-track careers Our Teacher Quality and Retention Program (TQRP) supported 131 new and continuing teachers – preparing them for success in the classroom and pairing them with experienced mentors to coach them throughout the year We received a 4-Star rating from Charity Navigator, America’s Largest Charity Evaluator As you read this report, we invite you to share in our vision of Changing the World… One Leader at a Time and learn more about the impact we are making. However, don’t just take our word for it, here are a few testimonials from students we helped in 2014: “I am determined to be the first person in my family to receive a college degree. That would mean that my mother’s hard and desperate work finally paid off. I strongly believe that there is no success without hard work and proper attitude. TMCF saw this in me, and I thank you and my late mother thanks you also.” – Mercy Besong , Alabama State University “As a young black man in America, I am grateful to those who have stood before me, next to me and behind me as role models and great sources of support. Thanks to the Thurgood Marshall College Fund and my late father, I’ll be crossing the finish line this December as a first-generation college graduate with a degree in Mechanical Engineering, a 3.9 GPA and a full-time job offer.” – Prentiss McGary , Prairie View A&M University “I wanted you to know Olivia is loving being a mentor… She has spent 3 days with her mentee, gotten him his dorm room, taken care of financial aid questions with his mom and he is registered for classes. It’s wonderful to see her so excited about so many things and I just wanted you to know just how TMCF has inspired her. Again, Thank you for all you and your staff do.” – Theresa Turner (Parent of TMCF Student Ambassador Olivia Turner) To all of our current supporters, thank you for believing in TMCF and our member-schools and their wonderful students in 2014. We hope this look back has helped you learn more about the organization and we appreciate your continued support. We look forward to an even better 2015! Sincerely, Johnny C. Taylor, Jr. President & CEO Thurgood Marshall College Fund 1 Jim Clifton TMCF Chairman of the Board CEO, GALLUP Annual Report 2014 2 Annual Report 2014 SUPPORTING... SCHO LA R SHIPS Thurgood Marshall College Fund (TMCF) merit and need-based scholarships are designed to address the financial needs of outstanding and qualified students who plan to earn a degree from an accredited publicly-supported Historically Black College and University (HBCU). Since its inception, hundreds of companies and philanthropic institutions have funded a TMCF scholarship. TMCF awards students scholarships of up to $10,000 per year, and are designed to complement the financial aid students receive from other sources for tuition and other education expenses, such as books and housing. As a result of these efforts, increasing numbers of students are able to have access to higher education, obtain a degree at an affordable cost, and graduate with little or no debt. 2014 SCHOLARSHIP PROFILE SCHOLARSHIPS AWARDED 316 GENDER 38% 62% 3.4 Average GPA scholarship 65% ofrecipients were first generation college students 42 out of our 47 member-schools benefited from TMCF scholarships MAJORS The largest percentage of scholarships were awarded to Science, Technology, Engineering and Math (STEM) majors and other Liberal Arts majors, followed by Business majors 3 Annual Report 2014 TMCF Awarded $2.7 million to 316 students. 4 Annual Report 2014 SCHOLARSHIP TESTIMONIALS Thank you again, for making STAYING in college not just a dream, but a REALITY. I can’t thank the organization enough. One day I will be a partner with the Thurgood Marshall College Fund so I can plant seeds into the lives of others. We must continue to educate our brothers and sisters if we want to see change among us. I can say, this organization is making that happen. “ “ LEVERN HAMER SOPHOMORE, THEATRE ARTS MAJOR HOWARD UNIVERSITY 2-TIME USA FUNDS SCHOLARSHIP RECIPIENT “ This has been a challenging last year of my collegiate career mainly due to funding. While enrolled full-time in school, I intern part-time to help pay for my tuition and other living expenses. It is very difficult to manage school and work at times and this scholarship has shed some light on my situation. I am truly grateful for the assistance that I have received because of your thoughtful generosity and concern for the community. When I graduate, I hope that I can use what I have learned to make a difference in others people’s lives throughout my career, the same way that TMCF has made a difference in mine. WATSON GERMINE “ SENIOR, BUSINESS ADMINISTRATION MAJOR FLORIDA A&M UNIVERSITY WELLS FARGO SCHOLARSHIP RECIPIENT “ Receiving this help from TMCF truly makes the difference because without the scholarship, I would not have been able to return to school this year. It was a serious, upsetting struggle. Having a single parent makes everything difficult for me because I cannot get any student loans due to my mother’s credit, the lack of help from my family, and my own lack of established credit. So to receive this funding was truly an honor and a blessing that I will forever be grateful for. It is very much appreciated. Because of this scholarship, I was able to come back to school and continue my undergraduate program on schedule. RAEGHAN FOSTER “ JUNIOR, FASHION MERCHANDISING MAJOR NORTH CAROLINA A&T STATE UNIVERSITY WALMART SCHOLAR AND 2-TIME USA FUNDS SCHOLARSHIP RECIPIENT 5 Annual Report 2014 6 Annual Report 2014 SCHOLARSHIP HIGHLIGHTS AND ACCOMPLISHMENTS • In 2013-14, out of the 316 scholarships awarded, 65 were awarded FirstGeneration Scholarships and participated in the Walmart Foundation FirstGeneration Scholars Mentorship Program. • Unite4:Good partnered with the Thurgood Marshall College Fund (TMCF) to provide competitive, merit plus need-based scholarships to students attending TMCF’s network of member-schools. The scholarship program awarded 10 qualified students $4,000 based on acts of kindness and service. • The Coca-Cola Foundation awarded 11 TMCF member-schools and three private HBCUs with First Generation Scholarships. Each of the schools received $50,000 and provide four-year scholarships annually to four students. • TMCF member-school students had the opportunity to apply for the Nascar Wendell Scott Sr. Scholarship in honor of the late Wendell Scott, Sr., who was the first African-American driver in NASCAR, and the first African-American to win a race in the Grand National Series, NASCAR’s highest level. The scholarship opportunity awarded two outstanding college students each with a scholarship of $4,500 for the Fall 2014 semester. • As a subsidiary of Walmart Corporation, the Mixed Chicks, a curly hair products business, selected four TMCF member-school students at the 2014 Leadership Institute to receive book scholarships of $250. • Lowe’s Foundation partnered with TMCF to provide financial assistance and scholarships to undergraduate students at TMCF’s member-schools entering into their final semester of their degree program, and scheduled to graduate from an HBCU in the 2014-15 academic year. Scholarships ranged from $500 to $3,100 to assist students with meeting their goal of graduating on time. 7 Annual Report 2014 2014 SCHOLARSHIP PARTNERS THIGPEN 8 Annual Report 2014 IDENTIFYING TALENT... 14TH ANNU AL LE A DER S HI P I NS TI TUTE 9 Annual Report 2014 WHERE YOU ENTER AS A STUDENT AND LEAVE AS A PROFESSIONAL! INSTITUTE SURVEY HIGHLIGHTS The following information comes from the Student Post Leadership Institute Survey: The Leadership Institute was created to develop students’ leadership skills, introduce various career opportunities, create a community of scholars, provide companies access to a talented and diverse student population, and help students make connections that will lead to internships and full-time positions. Held in November, this four-day conference provides carefully selected students the opportunity to learn from and exchange ideas with some of the world’s top leaders of business and government agencies. The highlight of the Institute each year is the recruitment fair where students meet with over 50 companies, government agencies and graduate program representatives offering job, internship and continuing education opportunities. The secrets to creating opportunities and developing leadership and professional skills are unearthed at this conference. • The majority of the participants surveyed agreed that they will see tangible benefits in the following areas after attending the Leadership Institute: Academics (87%), Finding a Job (96%), and Networking (99%) • 98% of the participants strongly agreed (89%) or agreed (9%) that they would recommend the Leadership Institute to a friend or colleague • 98% of the participants strongly agreed (78%) or agreed (20%) that the Leadership Institute gave them new insights that helped them to promote themselves • 92% of the participants strongly agreed (71%) or agreed (21%) that as a result of the Leadership Institute, they are more competitive in the job market • 96% of the participants strongly agreed (83%) or agreed (13%) that they are more likely to participate in other TMCF activities as a result of the Leadership Institute • 96% of participants strongly agreed (77%) or agreed (19%) that the Leadership Institute delivered the objectives that were promised • 98% of the participants strongly agreed (78%) or agreed (20%) that they expanded their professional network LEADERSHIP INSTITUTE DEMOGRAPHICS CLASSIFICATIONS GENDER Freshmen/Sophomores 5% Junior 32% Senior 39% Graduate/Law/Doctoral Student 43% 10% 57% Male TQRP Fellows 14% Female MAJORS 3.52 Average GPA 461 Student Participants 44 TMCF member-schools represented 39% Science, Technology, Engineering and Math (STEM) 33% 26% Business Education and Other Liberal Arts 2% Law 10 Annual Report 2014 LEADERSHIP INSTITUTE RECRUITERS 11 Annual Report 2014 LEADERSHIP INSTITUTE PARTNERS AND SUPPORTERS 12 Annual Report 2014 LEADERSHIP INSTITUTE SNAPSHOT 13 Annual Report 2014 LEADERSHIP INSTITUTE SNAPSHOT 14 Annual Report 2014 IDENTIFYING TALENT... I NTER NS H I PS 39% Science, Technology, En gineering a nd Math (STEM ) 33% 2% Business Law Education 26% and Other Liberal Arts Internships Open the Doors to Careers The TMCF Internship Program is an integral part of our member-school students’ education. It helps to bridge the gap between the academic world and the working world for which the students are preparing. Internships are an excellent way for students to gain experience in a new environment, growing personally while they are contributing to the goals of the company or agency for which they are working. Our internships offer opportunities for a more personalized learning environment outside of the traditional classroom setting and offer students a head start in the marketplace. One of the main functions of the internship program is to create a pipeline to highly qualified member-school students for full-time employment post graduation. 15 Annual Report 2014 PARTNERS 16 Annual Report 2014 INTERNSHIP PROGRAM SUCCESSES AND HIGHLIGHTS • Joshua Lee, Biomedical Engineering, North Carolina A&T University (DoD Intern) was selected to present research performed during his summer internship at the SPIE (International Society for Optics & Photonics) Photonics West Conference • Jamari Almon, Mechanical Engineering, Alabama A&M University (DoD Intern) was hired as an engineer with the U.S. Navy • Two USDA interns, Cynthia Laurent, law student, Howard University School of Law, and India Kittrell, Criminal Justice, University of Maryland Eastern Shore, were granted extensions of service following their 10-week summer internships • Seven additional USDA interns were invited to return for the Summer of 2015 17 Annual Report 2014 “ DOD SUPERVISOR FEEDBACK RE: JAMES W. REEDE III BIOLOGY, JAKSON STATE UNIVERSITY Thanks so much for everything you’ve done to facilitate India’s internship. I can’t say enough good things about her! USDA SUPERVISOR FEEDBACK RE: INDIA KITTRELL CRIMINAL JUSTICE, UNIVERSITY OF MARYLAND EASTERN SHORE This internship opened my eyes to the different career possibilities within my field for the federal government. I was able to expand my knowledge base and I was able to meet some amazing people at the same time. I gained a new appreciation for the work that goes into making sure our food is safe to consume and that producers can stay in business. It wasn’t easy but I wouldn’t trade this experience for the world and I’m more excited to go to veterinary school! “ “ Have never had a student intern as professional and well spoken. That comment should say enough. “ “ “ INTERNSHIP PROGRAM TESTIMONIALS TIFFANI CLOYD A summer spent breaking away from comfort and familiarity has taught me much about myself. Adapting to new environments and learning about the world through experience. I have gained a new respect for our government workers who put more effort into human and animal safety that I ever imagined. This is an experience that I would not pass up. “ “ NORTH CAROLINA A&T STATE UNIVERSITY ANIMAL SCIENCE/LAB ANIMAL SCIENCE MAJOR USDA-APHIS-VETERINARY SERVICES CODY BACHELOR NORTH CAROLINA A&T STATE UNIVERSITY URBAN AND COMMUNITY HORTICULTURE MAJOR USDA VETERINARY SERVICES, CENTER FOR EPIDEMIOLOGY AND ANIMAL HEALTH “ “ I am grateful to have received the opportunity to intern for APHIS not once but three times. Each summer experience was completely unique regardless of the same location. I was trusted with more high priority assignments, interacted more with program contacts in different states, and the chemistry between the staff always make me feel like part of the team. I have truly watched myself develop and flourish as a young professional. LAUREN MERRITT VIRGINIA STATE UNIVERSITY ENGLISH MAJOR USDA-APHIS 18 Annual Report 2014 IDENTIFYING TALENT... TMC F / C D C AMBASSADOR PRO G R A M In partnership with the Centers for Disease Control and Prevention (CDC), this program serves as an opportunity for selected students, interested in careers in public health, to gain hands-on experience and mentorship from key staff within the CDC and become ambassadors for the CDC. Through this program, the CDC has had the opportunity to market the agency and share career opportunities within the industry, as well as share valuable information that prepares students to compete for jobs within the federal government. A signature component of this program is the TMCF/CDC Public Health Workshop and Ambassador Training held in April at the CDC Headquarters in Atlanta. Twenty TMCF memberschool students had the opportunity to attend this three-day workshop to tour the CDC, shadow staff, and discuss and present relevant topics with senior staff members. As ambassadors for the CDC, the students received training and information during the workshop that provided them with the knowledge to promote health and disease prevention, as well as share career opportunities with other students on their campuses. 19 PROGRAM DEMOGRAPHICS CLASSIFICATIONS Junior 32% Senior 58% Graduate/Law/ Doctoral Student/ Alumni 10% 3.51 Average GPA 19 participants 15 TMCF member-schools represented GENDER 53% 47% Annual Report 2014 2014-2015 TMCF/CDC AMBASSADORS PROGRAM TESTIMONIAL Thayes, Ralph and I are very impressed with this year’s class of TMCF CDC Ambassadors. They were excited and thoroughly engaged the entire workshop. They were hyped about their shadowing experiences and should be great ambassadors for the CDC and public health. “ “ RUTH E. HARRIS WORKFORCE DEVELOPMENT SPECIAL PROJECTS ADVISOR CENTERS FOR DISEASE CONTROL AND PREVENTION 20 Annual Report 2014 SUPPORTING K-12 EDUCATION… TEAC H ER Q UAL I T Y & R E TE N TI ON PRO GRAM The Teacher Quality and Retention Program (TQRP) was developed to recruit, train and retain teachers to serve in high-need urban and rural schools. One component of the program is the Summer Institute, which recruits eligible students including African American males from TMCF member-schools who are Education or STEM majors and are interested in becoming teachers. The one-week and two-week Summer Institutes provided opportunities for participants, called Fellows, to examine research-based strategies for effective teaching that included topics on classroom management, differentiated instruction, Common Core Standards, technology, and instructional objectives. The majority of the Fellows were recruited from HBCUs and were enrolled in Education and STEM majors at their respective colleges or universities. For the two-week Summer Institutes, Fellows were expected to develop lesson plans and implement them in middle school classrooms under the supervision of cooperating teachers. PROGRAM DEMOGRAPHICS CLASSIFICATIONS Sophomore 5% Junior 15% Senior 40% Graduate Students 16% Classroom Teachers 11% Alumni 13% GENDER 3.49 Average GPA 55% 131 fellows 34 TMCF member-schools represented 21 45% % Annual Report 2014 W SUMMER INSTITUTE LOCATIONS STEM TENNESSEE STATE UNIVERSITY STEM AND NEW TEACHERS TEXAS SOUTHERN UNIVERSITY STEM VIRGINIA STATE UNIVERSITY HBCU MALES WINSTON-SALEM STATE UNIVERSITY HBCU MALES CHICAGO STATE UNIVERSITY 22 Annual Report 2014 TEACHER QUALITY & RETENTION PROGRAM KEY FINDINGS AND PROGRAM SUCCESSES Information taken from the 2014 program evaluation • Data showed positive and significant differences in knowledge about teachingrelated strategies for Fellows who participated in the Summer Institutes. Analysis of Fellows’ reflections of their experiences during the first and last session of the first week of the Summer Institute indicates that, in general, they made positive statements about what they learned about research-based teaching practices, practices they planned on applying to their own classrooms, and the ones that they believed would make an immediate impact on student achievement. • Analysis of statements Fellows made about their knowledge of teachingrelated variables after the STEM Institute indicates that the majority of them had a more comprehensive understanding of teaching-related strategies in mathematics and science than prior to their participation in the STEM Institute. • On the pre-assessment, the majority of respondents reported that they had some knowledge of teaching-related strategies: Classroom Management, State Standards, Differentiated Instruction, Lesson Objectives, Classroom Teaching, Technology and Common Core Standards. On the post-assessment the majority of respondents rated their knowledge as “extremely well” for all the teaching-related variables. • TQRP Fellows that are currently in the classroom have received many honors and additional responsibilities due to their superior leadership ability. These honors include: Teachers of the Year, Content Area Lead Teachers, Grade Level Lead Teachers, and Department Chairpersons. • Many TQRP New Teachers and Alumni are Masters and Doctoral Candidates while still in the classroom. 23 Annual Report 2014 TEACHER QUALITY & RETENTION PROGRAM SUCCESS STORY “TQRP has definitely given me the knowledge to do the best I can and the encouragement to become a better educator each new day with my students. I have learned from the experiences of other educators and I have done reflective practices in the program that allow me to learn from myself. I’m so blessed and appreciative to have had the opportunity to be in such a program. “ “ Jeriel Champion began with TQRP as a Mathematics major several years ago, and is now fully certified as a High School Math Teacher. She has excelled at her work so much so that she is now the Algebra Team Lead at her campus, and has been chosen as one of a handful of educators from across the nation to attend the 100K in 10 Annual Summit and represent TQRP. 100K in 10 is a national partnership that seeks to increase the number of STEM teachers in the teaching field. Jeriel is a prime example of what is possible when resources and time are invested in a candidate with passion for education. JERIEL CHAMPION THIRD YEAR TQRP FELLOW HIGH SCHOOL MATH TEACHER AND ALGEBRA TEAM LEAD HIGHLAND SPRINGS HIGH SCHOOL, HENRICO COUNTY, VA 24 Annual Report 2014 GLOBALIZING… PAYNE GLOBAL IN I TI AT I V E In 2013, TMCF created the Payne Global Initiative (PGI) to create new and innovative education, research and extension programs designed to bolster human capital for tomorrow’s workforce. The PGI is one of several TMCF programs aimed at increasing the production of students in Science, Technology, Engineering, Agriculture and Mathematics, commonly referred to as STEAM. GOALS • To serve as a source of new ideas, best practices, and innovative policies and programs in the field of global education • To increase more opportunities for students to study abroad, to strengthen bilateral student and faculty exchanges, and to create strategic relationships in education and research • To devote greater attention to collaborating with other organizations to produce information that will provoke critical thinking and policy with respect to global programs at publicly-supported HBCUs 25 Annual Report 2014 INITIATIVE SUCCESSES AND HIGHLIGHTS • TMCF is a “Signature Partner” with The 100,000 Strong Foundation. The Foundation played a major role in facilitating TMCF’s mission to China in 2014, which included a series of high-level meetings with key government, industry and higher education leaders, including the Vice Minister of Education and the senior leadership at the U.S. Embassy and American Chamber of Commerce. This mission to China was made possible with the support of a grant from the U.S. Department of Defense designed to produce a new generation of human capital in Science, Technology, Engineering, Agriculture and Mathematics (STEAM) though partnerships with world-class universities that have demonstrated success in the production of students in the sciences. • TMCF hosted a reception on Capitol Hill to announce a new partnership with Perfect World Entertainment. Founded in 2008, Perfect World Entertainment is a leading North American online games publisher specializing in immersive free-to-play games. TMCF plans to sign an agreement with Perfect World to send 10 academically exemplary students to China in 2015 and beyond to study for the summer or longer at flagship universities. This program will be designed to enhance the students’ academic interests and produce fluency in Mandarin and the Chinese culture. • In 2014 ,TMCF created solid relationships with world-class universities in Asia, which will serve as a foundation for enhancing study abroad, bilateral student and faculty exchanges and jointly sponsored research initiatives in 2015. • TMCF worked closely with the Humpty Dumpty Institute in the execution of the “International Lecture” series, which is sponsored annually on member-school campuses. • Some examples of the series are below: • • Senior UN officials conducted lectures at Alcorn State University, Morgan State University, Savannah State University and Texas Southern University. • Pamela Goldberg, Protection Officer at the United Nations High Commissioner for Refugees (UNHCR) regional office in Washington, DC, spoke to a crowd of 160 students at Morgan State University in October concerning the crisis of record numbers of unaccompanied minors at the U.S. and Mexican borders. • Ambassador Ufuk Gokcen, the Permanent Observer of the Organization of Islamic Cooperation to the United Nations, spoke at Texas Southern University on “Conventional and Emerging Peace and Security Challenges in Africa, Middle East and South-East Asia.” At a private luncheon for Ambassador Gokcen, he was presented with a Congressional Resolution by Congresswoman Sheila Jackson Lee’s office, in recognition of his commitment to creating a new generation of global leaders. • Alcorn State University hosted Roland Rich, former Executive Head of the United Nations Democracy Fund (UNDEF). Mr. Rich’s lecture focused on the UN’s role in supporting democracy around the world. • Mohammed Reza Salamat, Senior Program Officer on the UN Secretary General’s Climate Change Support Team delivered a lecture at Savannah State University. He focused on efforts at the UN to engage more students in minority communities and the scientific community at HBCUs in discussions regarding climate change as a means of advancing policy reforms and programs at all levels of society. The Institute of International Education hosted a reception at the TMCF’s annual Leadership Institute in 2014 and TMCF recently joined other prominent higher education associations and universities in IIE’s “Generation Study Abroad” Partner Network. 26 Annual Report 2014 NURTURING ENTREPRENEURSHIP… OPPORTUNITY FUNDING CORPORATI O N VEN TU R E CH ALLEN GE CLASSIFICATION PERCENTAGE 5% 28% Freshman Sophomore 26% Senior Junior In 2013, as part of its continuing business expansion, TMCF acquired the Opportunity Funding Corporation (OFC), making it the newest division of the organization. As part of this acquisition, TMCF also inherited the OFC Venture Challenge. Each year, participating schools conduct an internal competition on business plan development and business pitch presentations. The winner of each school’s internal competition was invited to Atlanta for a national competition named, “The OFC Venture Challenge.” The Challenge provides entrepreneurial opportunities and experiences to students and allows them to apply classroom-learned conceptual and theoretical knowledge. Student teams also had the opportunity to present their business plans to a panel of esteemed entrepreneurs and compete for over $25,000 in prizes. In addition to the competition, HBCU Business School Deans had the opportunity to participate in intensive development seminars conducted by leading entrepreneurship scholars and practitioners from around the country, with the objective that they would take what they learned back to their campuses and infuse new entrepreneurship material into the campus curriculum. 27 6 31% 4% Graduate % ate Annual Report 2014 2014 COMPETITION WINNERS 2ND PLACE FIRST PLACE The University of the West Indies Southern University and A&M College Advisor: Douglas Lindo Advisor: Toni Jackson Team Members: Ana-Kaye Green and Alicia Brown Team Members: Ashney Williams, Dadrius Lanus, Jonathan Irving, Khirsten Doyle, Kyle Snedecor Industry: Other-Growth of West Indian Sea Island Cotton Industry: Energy Business Name: Regal Farms Ltd. Business Name: Bulungi Bwansi 2014 COMPETING SCHOOLS TEAM DEMOGRAPHICS CLASSIFICATIONS Undergraduate Students GENDER PERCENTAGE GENDER 6% Law 36% 64% Male Female 59% 41% PARTNERS 41% Graduate Students 59% Alabama A&M University Albany State University Alcorn State University Claflin University Clark Atlanta University Delaware State University Fayetteville State University Lincoln University of Missouri Morgan State University North Carolina State A&T University North Carolina Central University Prairie View A&M University Savannah State University Southern University and A&M College Tennessee State University University of the District of Columbia University of the West Indies Winston-Salem State University Xavier University 28 Annual Report 2014 STRENGTHENING HBCUs... CAPACI TY BUIL DING 29 Annual Report 2014 15 ANNUAL MEMBERUNIVERSITIES PROFESSIONAL TH Themed “Full STEAM Ahead: Improving Retention, Graduation & Career Readiness in Science, Technology, Engineering, Agriculture and Mathematics (STEAM),”nearly 115 key HBCU decision makers convened in Atlanta for this capacity-building conference to focus on engaging faculty and administrators in mapping pathways for publicly-supported HBCUs’ success in these fields of study. TMCF memberschool Presidents, Chancellors, Provosts, and STEAM Faculty (Deans, Department Chairs, Professors, and Researchers) spent three days participating in workshops, plenary sessions, and affiliation forums that will identify and promote opportunities for students interested in STEAM fields on their respective campuses. SPECIAL GUESTS Dr. Harvey Westbrook Assistant Director, Office of Quantitative Research Division of Economic and Risk Analysis Securities and Exchange Commission Ruth Harris Workforce Development Special Projects Advisor Centers for Disease Control and Prevention GOALS Preparation • Addressing critical issues in implementing STEAM education • Evaluating data related to the retention and migration of STEAM majors Dr. Gregory Parham Assistant Secretary for Administration U.S. Department of Agriculture Joletta Patrick Manager, Minority University Research and Education Program NASA Pathways • Creating action plans for increasing graduation from STEAM programs • Showcasing best practices in STEAM education • Building leadership capacity for educators PARTNERS Opportunities • Expanding professional opportunities for member-school faculty in STEAM fields • Discovering student career (internship/fulltime) opportunities in STEAM fields • Providing opportunities to develop learning communities for member-school participants Dr. Ivye Allen President Foundation for the Mid-South 30 Annual Report 2014 UNDERGRADUATE RESEARCH TO RETAIN AND GRADUATE STUDENTS IN STEAM TMCF identified and supported STEAM research activities at five TMCF member-schools that paired undergraduate and graduate students with experienced faculty. When students participate in undergraduate research, their confidence increases and they develop expectations of earning a Ph.D. During TMCF’s 2014 MUPI, the principal investigators who received funding in 2013 from TMCF through the Department of Defense, shared research to help TMCF’s entire member-school network increase its undergraduate research capacity. In 2014, TMCF continued the work started in 2013 and provided five undergraduate research experiences for member-school faculty and students by awarding each school $25,000 grants. Grant resources were used to: • Provide research opportunities to undergraduate STEAM students • Document the research process (i.e., student selection, training, mentoring and laboratory work) • Design tools to track participating students’ matriculation from their research experience through graduation 31 2014 GRANTEES Annual Report 2014 Member-school: Southern University A&M College at Baton Rouge Louisiana Principal Investigators: Dr. Wesley G. Gray Research Title: “SREEP, Pathway to Success in STEAM at Southern University” Member-school: York College Principal Investigator: Dr. Jain Shweta Research Title: Engaging Undergraduates in Research that Speaks their Language Member-school: York College Principal Investigator: Dr. Elizabeth Alter Research Title: Bridge to Research in Environmental and Applied Metagenomics: An inquiry-based module to build core scientific competencies and improve retention among underrepresented students in STEAM Member-school: Winston-Salem State University Principal Investigators: Dr. Johanna Porter-Kelley and Dr. Vanessa Duren-Winfield Research Title: The Effect of Funded Undergraduate Research Experiences on Achievement of Low Performing Students in STEAM Disciplines and their Graduate School Interests Member-school: University of Maryland Eastern Shore Principal Investigator: Dr. Victoria V. Volkis Research Title: Horticultural Phytochemistry of Aronia Melanocarpa as a Model for Interdisciplinary STEAM Research Training for Undergraduate Students in UMES 32 Annual Report 2014 MICROSOFT SOFTWARE G R ANT Over the past ten years, Microsoft has provided TMCF with $37 million in software to help build the technology capacity of our member-schools, which will in turn better support the students on these campuses. This software grant allows TMCF to continue its ongoing information technology (IT) initiative to strengthen the IT capacity of its member-schools, broaden the institutions’ instructional and communications capabilities, and work to build sustainable learning environments. The Microsoft/ TMCF partnership has been and continues to be part of TMCF’s long term Technology Initiative. Chicago State University University of Arkansas at Pine Bluff University of Maryland Eastern Shore Morehouse College North Carolina Central University South Carolina State University Savannah State University Langston University 33 “ Over $2.1 million of software given to 8 HBCUs in 2014. “ 2014 GRANTEES Annual Report 2014 34 Annual Report 2014 2014 SCHOOL SUPPORT LISTING Member Institution North Carolina A&T University Howard University Winston-Salem State University Prairie View A&M University Alabama A&M University Virginia State University Florida A&M University University of Maryland Eastern Shore Fort Valley State University York College Chicago State University Jackson State University Tennessee State University Albany State University Norfolk State University Bowie State University Texas Southern University Grambling State University Elizabeth City State University South Carolina State University Fayetteville State Unviersity Alabama State University University of the Virgin Islands Delaware State University North Carolina Central University Southern Universtiy System Alcorn State University Morgan State University Mississippi Valley State University Medgar Evers College Tuskegee University Savannah State University University of Arkansas at Pine Bluff Central State University Southern University and A&M College Langston University Coppin State University Howard University School of Law Lincoln University of PA Southern University at New Orleans David A. Clarke School of Law Cheyney University Lincoln University of Missouri Southern University Law Center University of the District of Columbia Kentucky State University Bluefield State College West Virginia State University Florida A&M University, College of Law Harris-Stowe State University Member Institution Total 35 Scholarships $223,167 $163,805 $56,593 $72,131 $82,500 $45,967 $83,800 $34,100 $73,600 $20,360 $34,100 $46,500 $31,000 $61,700 $46,100 $43,600 $46,600 $52,889 $42,671 $16,800 $38,200 $35,100 $18,600 $28,800 $21,700 $15,625 $24,400 $10,918 $24,900 $21,700 $20,800 $18,600 $3,100 $14,200 $3,100 $9,300 $3,100 $20,000 $9,300 $8,400 $$5,341 $3,100 $$9,300 $$3,100 $3,100 $$$1,651,765 $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$- Leadership Institute/Fellows $53,200 $3,800 $26,600 $62,700 $34,200 $41,800 $24,700 $34,200 $19,000 $17,100 $19,000 $30,400 $13,300 $9,500 $20,900 $22,800 $15,200 $5,700 $5,700 $28,500 $13,300 $13,300 $30,400 $15,200 $22,800 $$13,300 $26,600 $11,400 $15,200 $11,400 $11,400 $20,900 $11,400 $19,000 $15,200 $19,000 $$9,500 $7,600 $15,200 $9,500 $9,500 $13,300 $3,800 $9,500 $5,700 $5,700 $7,600 $3,800 $$858,800 Research Grants $$$55,000 $$$30,000 $$25,000 $$50,000 $30,000 $$30,000 $$$$$$$$$$$$$25,000 $$$$$$$$$3,000 $$$$$$$$$$$$$$$$$248,000 Miscellaneous/Other/Interns $16,300 $3,300 $4,700 $3,400 $2,400 $3,500 $4,500 $1,100 $$3,300 $1,100 $1,200 $8,000 $6,800 $1,100 $1,200 $$1,100 $3,400 $5,900 $2,200 $1,100 $1,200 $1,200 $$- $78,000 Grand Total $292,667 $167,605 $138,193 $138,131 $121,400 $121,167 $110,900 $96,800 $92,600 $87,460 $83,100 $81,400 $75,400 $71,200 $70,300 $67,500 $63,000 $58,589 $56,371 $52,100 $51,500 $49,500 $49,000 $45,200 $44,500 $40,625 $37,700 $37,518 $37,400 $36,900 $35,600 $30,000 $29,900 $27,800 $26,200 $24,500 $22,100 $20,000 $18,800 $16,000 $15,200 $14,841 $13,800 $13,300 $13,100 $10,700 $8,800 $8,800 $7,600 $3,800 $$2,836,565 Annual Report 2014 2014 SCHOOL SUPPORT LISTING Non-Member Institution Duke University School of Law Stanford University School of Law University of California, Berkeley University of Chicago Law School Shaw University Dillard University Tougaloo College Columbia Law School Georgetown University Law Center Saint Louis University of Law University of Califonia, Hastings College of the Law University of California Los Angeles University of Houston Law Center University of Minnesota Law School University of North Carolina School of Law Pennslyvania State University Saint Joseph’s University University of Calgary William Mitchell College of Law William Penn University California State University, Northridge Non-Member Institution Totals TMCF TOTAL CONTRIBUTIONS Scholarships $20,000 $20,000 $20,000 $20,000 $20,000 $12,500 $12,500 $12,500 $10,000 $10,000 $10,000 $10,000 $$$$$$$$$$$$- Leadership Institute/Fellows $$$$$$$$$$$$- Research Grants $$$$$$$$$$$$- Miscellaneous/Other/Interns $$$$$$1,100 $$$$$$- Grand Total $20,000 $20,000 $20,000 $20,000 $20,000 $13,600 $12,500 $12,500 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $$- $$- $$- $$- $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $6,200 $3,100 $3,100 $1,760 $$$$$$$$- $$$$$$$$- $$$$$$$$- $$$$$$$$- $10,000 $10,000 $10,000 $10,000 $6,200 $3,100 $3,100 $1,760 $1,760 $- $- $- $- $1,760 $$$858,800 $$$248,000 $1,100 $79,100 $1,760 $256,280 $3,092,845 $1,760 $255,180 $1,906,945 $$$- 36 Annual Report 2014 INFLUENCING POLICY… Through the Government Affairs Division, TMCF provides unparalleled advocacy for HBCUs before Congress and the Executive Branch, to protect and secure critical funding across federal agencies and advance policy priorities in Washington and at the State level. 37 Annual Report 2014 SUCCESSES AND HIGHLIGHTS • Led the advocacy effort for the swift implementation of the new Parent PLUS Loan regulations and pushed the Administration to not delay implementation • Advocated for a comprehensive FY15 Budget proposal. Focused on key authorization bills, particularly, the National Defense Authorization Act (NDAA), America Competes, and Minority STEM legislation. Engaged key appropriations staffers and agency staff • Led the efforts to prevent additional cuts to the Department of Defense (DoD) HBCU/MSI program and preserved funding, $34.4 million for FY15 • Successfully secured passage of a $10 million amendment in the House Armed Services Committee to protect authorized funding levels to the DOD HBCU/MSI account, despite the Administration’s proposed cuts for FY15. This was an extremely heavy lift given the heightened partisan climate on the Hill and the tight budget climate • Successfully secured a $7 million amendment in the Senate Armed Services Committee to restore funding to the DoD HBCU/MSI account notwithstanding the Administration’s proposed cuts for FY15 • Secured report language in the FY15 Omnibus Appropriations bill that encourages agencies to do more activities to diversify the STEM pipeline • Successfully advocated for and secured increases to Title III B, Strengthening Historically Black Colleges & Universities program, from $224 million to $228 million under the FY15 budget and appropriations process • TMCF submitted testimony on Strengthening MSIs: Best Practices & Innovations for Student Success to the Senate Health, Education, Labor & Pensions (HELP) committee • ograms for key Members for use 38 Annual Report 2014 CELEBRATING… 39 members, honorees and guests over the past 14 years, TMCF’s Awards of Excellence has raised over $1.7 million to assist with scholarships and programmatic support to its member-schools. “ Raised nearly $185,000 in 2014 “ NEW JERSEY AWARDS OF EXCELLENCE The New Jersey Awards of Excellence is a regional fundraising event held to recognize those distinguished individuals in Newark, NJ and the surrounding areas community, who serve Annual Report 2014 HONOREES Adrianne Davis Co-Founder/Executive Director The North Ward Center Kevin H. Marino, Esq. Founder/Principal Marino, Tortorella & Boyle Patrick C. Dunican Jr., Esq. Chairman and Managing Director GIBBONS The Honorable Michael A. Shipp United States District Judge The District of New Jersey Philip Thigpen, Sr. Immediate Past Chairman Essex County Democratic Committee *** A special posthumous tribute MAJOR PARTNERS 40 Annual Report 2014 CELEBRATING… 26TH ANNUAL AWA RD S G ALA For the second time, TMCF held its Annual Awards Gala in Washington, DC at the Washington Hilton. Raising over $4.1 million, this signature fundraising event brought together over 1,500 Congressional Members, Fortune 500 executives, government agency leaders, HBCU Presidents/Chancellors and other distinguished guests. Entertainment icon LL Cool J served as host, and Grammy® award-winning artist Regina Belle, the headliner entertainer for the evening, paid tribute to the nearly 500 students in the room with her award-winning song, “A Whole New World” (from Disney’s 1992 film, “Aladdin”). TMCF also shared the evening with actor George Lopez and singer Trey Songz. Wells Fargo was the Presenting Sponsor of the black-tie event and shocked the audience with a check presentation for $3.3 million. Breaking Barriers Award Sheila C. Johnson Chief Executive Officer Salamander Hotels & Resorts Co-Founder, BET 41 National Hero Award Admiral Michelle Howard Vice Chief of Naval Operations U.S. Navy “ “ HONOREES Raised over $4.1 million Educational Leadership Award HBCU Alumnus of the Year Award Dr. William R. Harvey President Hampton University Joshua I. Smith Chairman and Managing Partner Coaching Group, LLC Annual Report 2014 GALA PARTNERS 42 Annual Report 2014 26TH ANNUAL AWARDS GALA SNAPSHOT 43 Annual Report 2014 26TH ANNUAL AWARDS GALA SNAPSHOT 44 Annual Report 2014 Major Donors ThankYou to our Generous Supporters and Donors TMCF’s work is made possible by the generous support by individuals, foundations, government agencies and corporations. Without your support, TMCF could not assist our students and member-schools. We are committed to being the place WHERE EDUCATION PAYS OFF ®. The following gifts made that happen. 45 Annual Report 2014 Major Donors $1,000,000+ U.S. Department of Defense Air Force Office of $1,000,000+ Scientific Research U.S. Department of Defense Wells Fargo Foundation University of Phoenix/Apollo Group University of Phoenix/ Apollo Group USA Funds USA Funds $50,000 $50,000 -- $99,999 $99,999 Wells Fargo Foundation $500,000 ––$999,999 $500,000 999,999 Altria Client Services Altria Client Services Coca-Cola Foundation Coca-Cola Foundation Lowes Corporation Lowes Corporation MillerCoors American Federationofof State, County American Federation State, County andand Municipal Employees (AFSCME) Municipal Employees (AFSCME) Booz Allen Booz AllenHamilton Hamilton Central IntelligenceAgency Agency (CIA) Central Intelligence (CIA) $250,000 – $499,999 $250,000 – 499,999 McDonald’s Corporation* Compass* Compass The Ford Motor Company Fund ord Motor Company Fund GlaxoSmithKline (GSK) GlaxoSmithKline (GSK) Sidley Austin LLP Sidley Austin LLP Shell Oil Company Shell Oil Company NBCUniversal McDonald’s Corporation* National Basketball Association NBA NBCUniversal Unite 4 Good MillerCoors Walmart Foundation Walmart Foundation National Basketball U.S. Department ofAssociation AgricultureNBA Animal and Plant Health Inspection Service (USDA-APHIS) U.S. Department of Agriculture Animal and Plant Health Inspection Service(USDA APHIS) $100,000 - $249,999 American Intellectual-Property Law Education $100,000 $249,999 Foundation (AIPLEF) Property Law Education American Intellectual Centers for Disease Control and Prevention Foundation (AIPLEF) The Charmer Sunbelt Group Centers for Disease Control and Prevention Costco Wholesale GALLUP Costco Wholesale GE Foundation GALLUP The Hershey Company Uniworld Group Unite 4 Good The UPS Group Foundation, Inc. Uniworld I VOYA oundation, nc. VOYA $25,000 - $49,999 $25,000 - $49,999 Ally Financial America’s Charities Ally Financial Bank of America America’s CharitiesMerrill Lynch Bloomberg L.P. Bank of America Merrill Lynch The Boeing Company Bloomberg L.P. Diageo John Deere GE Foundation Dollar General Diageo P.C. Gibbons Nationalershey Hockey League Foundation (NHL) Company Dollar General National Hockey League Foundation (NHL) John Deere Gibbons P.C. 46 *Gifts that include in-kind contributions Annual Report 2014 Major Donors $25,000 - $49,999, cont’d $25,000 - $49,999 , Houston School District cont’dIndependent Houston Independent School (HISD) District Federal Deposit Insurance Corporation (FDIC) Federal Reserve Bank of Chicago Federal Reserve Bank of Chicago GE Asset GE Asset Management Management Geico Geico Philanthropic Foundation Philanthropic Foundation G Georgia-Pacific Corporation Johnny (HISD) C. Taylor, Jr. K&L Gates LLP* Johnny C. Taylor, Jr. L.P. Green & Partners LPG Inc. K&L Gates LLP* H Hilton Worldwide, Inc. Paul Hastings LLP L.P. Green & Partners LPG Inc. Inc. Bank QBE JPWorldwide, Morgan Chase JPilton Paul Securities Hastings LLP U.S. and Exchange Commission (SEC) Morgan The Kellogg Company Chase Bank QBE Southwest Airlines Co.* U.S. Securities and Exchange Commission (SEC) Stanley Black & Decker Southwest Airlines Co.* The HSC Foundation Stanley BlackGuard & Decker U.S. Coast Marino Totorella & Boyle PC ellogg Company McCarter & English LLP Marino Totorella & Boyle PC McDonald’s North Texas Co-op McCarter & English LLP Moet Hennessy USA cDonald’s North Texas Co-op M NASCAR M oundation U.S. Department of Agriculture o:etNew Hennessy Foreign Agriculture Service (USDA-FAS) NASCAR JerseyUSA Resources U.S. Coast Guard Ne The North Ward Center U.S. Department of Agriculture Natural U.S. Department of Agriculture Resources Conservation Service (USDA-NRCS) Psi Phi Fraternity, Inc. w Omega Jersey Resources Foreign Agriculture Service (USDA-FAS) PNC orth Bank Ward Center O U.S. Department of Agriculture PSEG Natural Resources Conservation Service mega Psi Phi Fraternity, Inc. PNC BP America Inc. (USDA-NRCS) Samsung Telecommunications America, Inc. Bank PSEG CBRE l Global Corporate Services Target Corporation Samsung City of Houston, Texas Teach For America BP America Inc. Telecommunications America, Inc. Connections Education LLC Target Corporation The Office of of Diversity Diversity Outreach Outreach Organizational The Office CBRE l Global Corporate Services David Stern OrganizationalforEngagement the Office offor thethe Secretary of TeachEngagement City of Houston, Texas Defense Office to (ODMEO) the Secretary of Defense (ODMEO) Eli Lilly and Company For America Connections Education LLCCorporation (FDIC) Federal Deposit Insurance iversity Outreach Organizational David Stern Defense (ODMEO) Eli Lilly and Company $10,000 - $24,999 $10,000 - $24,999 47 *Gifts that include in-kind contributions Annual Report 2014 Major Donors Theodore Colbert III AT&T Turkish Airlines* Turkish Airlines* United Airlines* AT&T United Way The Basketball Group United Airlines* of Agriculture-Agricultural U.S. Department Research Service (USDA-ARS) U.S. Department of Agriculture Agricultural U.S. Department of Agriculture-Office of Research Service (USDA-ARS) Advocacy and Outreach (USDA-OAO) Advocacy and Outreach (USDA-OAO) $5,000 - $9,999 Citi $5,000 - $9,999 City Year Citi Family Charitable Fund Deyo IBM City Year JM Family Enterprises, Deyo Family CharitableInc. Fund Johnson & Johnson IBM Lowenstein Sandler, LLP JM Family Enterprises, Inc. Mercedes-Benz USA, LLC Johnson & Johnson Morgan Stanley Lowenstein Sandler, LLP National Philanthropic Trust Mercedes-Benz USA, LLC o2ideas Rice Financials Morgan Stanley Robinson, Wettre & Miller LLC National Philanthropic Trust Stoli Group USA* o2ideas Rice Financials $1,000 - $4,999 Robinson, Wettre & Miller LLC Amaker & Associates Inc. Stoli Group USA* ARAMARK nc. Beverly Burke Brian Price Caterers in the Park, LLC Caucus Educational Corporation The Causeway Agency LLC CMA-Diverse Issues in Higher Education The Colorado Episcopal Foundation Connell Foley LLP Caucus Educational Corporation Darrell Warner way Agency LLC Deneen Donnley CMA-Diverse Destination DC Issues in Higher Education Eddie & Pamela Williams piscopal Foundation Ernestine Thigpen Evan Baker Connell Foley LLP Facility Concession Services Inc Darrell Warner DBA Spectrum Catering & Concessions Deneen Donnley First Choice Sales & Marketing Group Destination Genova, BurnsDC & Vernoia Eddie & Pamela Williams Hilton E Institute of International Education (IIE) Ivy Evan Vine Baker Charities Inc. DBA Spectrum Catering & Concessions Facility Concession Services Inc First Choice Sales & Marketing Group Genova, Burns & Vernoia Hilton 48 *Gifts that include in-kind contributions Annual Report 2014 Major Donors Ivy Vine Charities Inc. $1,000 - $4,999, cont’d Institute of International Education $1,000 - $4,999, cont’d Jamaal Long Jamaal Long Janice Boles Janice Boles John Garland John Garland John & Caroline Bissell John & Caroline Bissell Kaplan, Kaplan, Inc.Inc. Larry & Adrienne Waters Larry J. &J. Adrienne D.D. Waters LeClair Ryan LeClair Ryan LeviLevi Watkins Watkins Lite DePalma Greenberg & Rivas, LLC Lite DePalma Greenberg & Rivas, LLC Martha Revenaugh Martha Revenaugh McManimon & Scotland, L.L.C McManimon & Scotland, L.L.C MGM Resorts International MGM Resorts International Microsoft Matching Gifts Program Microsoft Matching Gifts Walker Program& Rhoads, LLP Montgomery, McCracken, Nicholas Vanderkamp Montgomery, McCracken, Walker & Rhoads, Patterson, Belknap, Webb & Tyler, LLP LLP Paul Thurston Nicholas Vanderkamp Red Bull North America* Patterson, Belknap, Webb & Tyler, LLP Richard Jacoby P SBC Management Corporation Barnabas Red Bull North America* Health Seton Hall Law Richard JacobySchool/NJ Leep SBC Management Corporation Barnabas Health 49 Sphinx Educational Fund Seton Hall Law School/NJ Leep Steven N. Rappaport & Judith A. Garson Sphinx Educational Fund Stribling Media Group Thomas Harvey Steven N. Rappaport & Judith A. Garson Total Wine & More* Stribling Media Group Wakefern Food Corporation arvey Wells Fargo Community Support Campaign Tony Claudino Wells Fargo Foundation Total Wine & More* Wakefern Food Corporation Wells Fargo Community Support Campaign Wells Fargo Foundation Annual Report 2014 50 Annual Report 2014 BOARD OF DIRECTORS 51 Jim Clifton – TMCF Chairman Chief Executive Officer Gallup Claire Babineaux-Fontenot Senior Vice President Wal-Mart Stores, Inc. Gary Bettman Commissioner National Hockey League Samuel J. Boyd, Jr. Chief Investment Officer and Director of Program Development Small Business Administration Ted Colbert The Boeing Company Hardy HardyDorsey Dorsey President President Dorsey DorseyManagement ManagementGroup Group Robert Engel Co-Head, Investment Banking & Capital Markets Wells Fargo Craig A. Griffith Partner Sidley Austin LLP Marc A. Howze Vice President, Global Human Resources John Deere Naomi Hudson Senior Director, Labor Relations Southwest Airlines Co. Arthur Jackson, Jr. Vice President, General Administration Costco Wholesale Gregory Jones Managing Director of Diversity & Inclusion United Airlines Curt Kolcun Vice President, U.S. Public Sector Microsoft Corporation Dr. Ronald Mason, Jr. President Southern University System Charles Merinoff Vice Chairman & CEO The Charmer Sunbelt Group Exec Annual Report 2014 Michelle Nettles Racquel Oden Managing Director Global Investment Solutions Bank of America Merrill Lynch Michael Sherman Vice President, Partner and Managing Director The Boston Consulting Group Neil A. A. Simmons Simmons Neil Vice Supportand and Budgeting VicePresident, President, Decision Decision Support Budgeting Altria Client ClientServices Services Altria David J. Stern Commissioner National Basketball Association Dmitri Stockton President and CEO GE Asset Management Paul W. Sweeney, Jr., Esq. Administrative Partner K&L Gates LLP Betty Thompson Executive Vice President Booz Allen Hamilton, Inc Kevin Walling Senior Vice President & Chief Hu- MillerCoors The Hershey Company Larry Waters Retired MillerCoors Executive Non-Voting Members of the Board Virgis Colbert – Chairman Emeritus Executive Vice President, Worldwide Operations (Retired) Senior Advisor MillerCoors Lt. General Arthur J. Gregg - Director Emeritus U.S. Army (Ret.) Joyce Payne Dr.Dr. N.N.Joyce Payne Sr. InternationalAffairs Affairs and and STEM Advisor Sr. International STEM Advisor to the President to the President Thurgood Marshall College Fund Thurgood Marshall College Fund Johnny Taylor, Jr. Jr. – President & CEO Johnny C.C. Taylor, President & CEO Thurgood Marshall College Fund Thurgood Marshall College Fund 52 Annual Report 2014 EXECUTIVE TEAM Johnny C. Taylor, Jr. President & CEO Jamaal O. Bailey Vice President of Marketing Brad Gebert Chief Information Officer Edith L. Bartley, JD Vice President of Government Affairs Kathy C. Harris, JD Chief of Staff M. Scott Lilly President, OFC Vice President of Programs 53 Julie Eberly Chief Development Officer Velma R. Hart, CAE Chief Financial Officer Jennifer Wider Vice President of Innovations & Strategic Initiatives Annual Report 2014 STAFF LISTING Executive Division Johnny C. Taylor, Jr President & CEO” Jennifer Wider Vice President of Innovations & Strategic Initiatives Christopher Lopez Executive Assistant to the President & Education Policy Specialist Marketing Division Jamaal O. Bailey Vice President of Marketing Janeen Blige Marketing Manager Tiffany M. Chiles Graphic Designer Development Division Julie Eberly Chief Development Officer Donte Clavo Events Manager and Special Assistant to the President & CEO Amy Goldstein Vice President of Development Tangie Newborn Public Relations & Communications Director George Spencer Vice President of Development Kevin Rhodes Director of Marketing & Branding Finance Division Velma R. Hart, CAE Chief Financial Officer Kevin Schultz Interactive Media Manager Tamika Herring Staff Accountant Marlin Peters Finance Associate Lamont Rucks Development Operations Coordinator Nias White Finance Director Talent Acquisition Division M. Scott Lilly President of OFC Vice President of Programs Ja’Nay Hawkins Manager of Talent Development & Campus Relations Andrea Horton Senior Director of Talent Acquisition & Alumni Relations Bernee Long Internship Manager Government Affairs Edith L. Bartley, JD Vice President of Government Affairs Renita Moore Recruiter and Career Specialist Tara Smith Senior Legislative Assistant Andre Sanders Talent Acquisition Operations Manager Operations Division Kathy C. Harris, JD Chief of Staff Technology Division Brad Gebert Chief Information Officer Programs Division M. Scott Lilly President of OFC Vice President of Programs Consultants Dr. N. Joyce Payne Sr. International Affairs and STEM Advisor to the President Amber Feight Director of Teacher Quality & Retention Program John W. Garland, JD President-In-Residence Mildred Leon Program Coordinator Moseka Medlock Common Core Success Coach Tarlton Wade Program Coordinator Deshuandra Walker Manager of Student Support Programs 54 Annual Report 2014 TMCF MEMBER-SCHOOLS COLLEGES & UNIVERSITIES 55 Alabama A&M University Normal, AL Fort Valley State University Fort Valley, GA Alabama State University Montgomery, AL Grambling State University Grambling, LA Albany State University Albany, GA Harris-Stowe State University St. Louis, MO Alcorn State University Alcorn, MS Howard University Washington, D.C. Bluefield State College Bluefield, WV Jackson State University Jackson, MS Bowie State University Bowie, MD Kentucky State University Frankfort, KY Central State University Wilberforce, OH Langston University Langston, OK Cheyney University of Pennsylvania Cheyney, PA Lincoln University of Missouri Jefferson City, MO Chicago State University Chicago, IL Lincoln University of Pennsylvania Lincoln University, PA Coppin State University Baltimore, MD Medgar Evers College Brooklyn, NY Delaware State University Dover, DE Mississippi Valley State University Itta Bena, MS Elizabeth City State University Elizabeth City, NC Morgan State University Baltimore, MD Fayetteville State University Fayetteville, NC Norfolk State University Norfolk, VA Florida A&M University Tallahassee, FL North Carolina A&T State University Greensboro, NC Annual Report 2014 North Carolina Central University Durham, NC West Virginia State University Institute, WV Prairie View A&M University Prairie View, TX Winston-Salem State University Winston-Salem, NC Savannah State University Savannah, GA York College Jamaica, NY South Carolina State University Orangeburg, SC Southern University and A&M College Baton Rouge, LA Southern University at New Orleans New Orleans, LA Southern University at Shreveport-Bossier City Shreveport, LA Tennessee State University Nashville, TN Texas Southern University Houston, TX Tuskegee University Tuskegee, AL University of Arkansas at Pine Bluff Pine Bluff, AR University of the District of Columbia Washington, D.C. University of Maryland Eastern Shore Princess Anne, MD LAW SCHOOLS Florida A&M University College of Law Orlando, FL Howard University School of Law Washington, D.C. North Carolina Central University School of Law Durham, NC Southern University Law Center Baton Rouge, LA Texas Southern University Thurgood Marshall School of Law Houston, TX University of the District of Columbia David A. Clarke School of Law Washington, D.C. MEDICAL SCHOOLS Charles R. Drew University of Medicine & Science Los Angeles, CA Howard University School of Medicine Washington, D.C. University of the Virgin Islands St. Thomas, VI Virginia State University Petersburg, VA 56 Annual Report 2014 F INA NCI A L STAT EM ENT S INDEPENDENT AUDITOR’S REPORT Rogers & Company PLLC Certified Public Accountants ce 8300 Boone Boulevard 703.893.0300 voi 703.893.4070 facsimile Suite 600 Vienna, Virginia 22182 www.rogerspllc.com INDEPENDENT AUDITORS’ REPORT We have audited the accompanying consolidated financial statements of the Thurgood Marshall College Fund and Affiliate (collectively, “the Organization”), which comprise the consolidated statement of financial position as of December 31, 2014; the related consolidated statements of activities, functional expenses, and cash flows for the year then ended; and the related notes to the consolidated financial statements. Management’s Responsibility for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal controls relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. Auditor’s Responsibility (continued) We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Organization as of December 31, 2014, and the changes in its net assets and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. 1 Vienna, Virginia April 13, 2015 57 Annual Report 2014 Thurgood Marshall College Fund and Affiliate CONSOLIDATED STATEMENT OF FINANCIAL POSITION Consolidated Statements of Financial Position FOR YEAR ENDING DECEMBER 31, 2014 December 31, 2014 and 2013 Assets Cash and cash equivalents Pledges receivable, net Accounts receivable Note receivable Prepaid expenses and other assets Security deposit Investments Investments in ventures Property and equipment, net Total assets 2014 2013 $ 908,578 9,396,645 61,029 800,000 75 41,950 110,461 $ 3,916,081 6,398,975 43,677 18,104 41,950 1,000,000 11,858 151,730 $ 11,318,738 $ 11,582,375 $ 628,308 1,200,000 500,000 276,072 20,100 48,492 79,481 $ 513,278 1,304,356 3,124,201 11,721 48,492 37,551 Liabilities and Net Assets (Deficit) Liabilities Accounts payable and accrued expenses Loan payable Line of credit Grant advances Deferred revenue Capital lease obligation Security deposit Deferred rent Total liabilities Net Assets (Deficit) Unrestricted Temporarily restricted Permanently restricted Total net assets Total liabilities and net assets $ 2,752,453 5,039,599 (3,383,725) 11,700,010 250,000 (2,368,169) 8,660,945 250,000 8,566,285 6,542,776 11,318,738 $ 11,582,375 58 Annual Report 2014 Thurgood Marshall College Fund and Affiliate CONSOLIDATED STATEMENT OF ACTIVITIES Statement of Activities FORConsolidated YEAR ENDING DECEMBER 31, 2014 For the Year Ended December 31, 2014 Revenue and Support Contributions $ Government grants In-kind contributions Contract income Registration fees Rental income Other income Interest income Released from restrictions: Satisfaction of program restrictions Temporarily Restricted Unrestricted 2,592,048 3,753,815 566,800 290,340 223,929 175,937 18,755 10,139 $ Permanently Restricted 6,794,072 - $ Total - $ 9,386,120 3,753,815 566,800 290,340 223,929 175,937 18,755 10,139 3,755,007 (3,755,007) - - Total revenue and support 11,386,770 3,039,065 - 14,425,835 Expenses Program services Management and general Development 10,050,630 1,821,081 530,615 - - 10,050,630 1,821,081 530,615 Total expenses 12,402,326 - - 12,402,326 Change in Net Assets (1,015,556) 3,039,065 - 2,023,509 Net Assets (Deficit), beginning of year (2,368,169) 8,660,945 250,000 6,542,776 Net Assets (Deficit), end of year 59 $ (3,383,725) $ 11,700,010 $ 250,000 $ 8,566,285 Annual Report 2014 Thurgood Marshall College Fund and Affiliate STATEMENT Consolidated OF FUNCTIONAL EXPENSES Statement of Functional Expenses FOR YEAR ENDING DECEMBER 31, 2014 For the Year Ended December 31, 2014 Program Services Management and General Total Expenses Development Salaries and fringe benefits Travel and conferences Scholarships and awards Consultants and professionals Promotion and advertising Rent Technology Subscriptions and dues Office expense and supplies Miscellaneous Bad debt expense Printing and publications Insurance Depreciation and amortization Interest Postage $ 3,161,883 2,608,775 2,151,097 942,106 467,420 224,147 189,555 92,409 75,163 27,000 47,685 12,821 13,726 13,163 23,680 $ 949,716 83,322 178,691 48,886 286,183 65,497 12,557 19,742 30,343 54,888 2,303 32,791 26,857 25,756 3,549 $ 407,945 17,066 85,000 4,120 4,995 5,247 532 310 4,038 686 658 18 $ 4,519,544 2,709,163 2,151,097 1,205,797 520,426 510,330 260,047 110,213 95,437 57,653 54,888 54,026 45,612 41,269 39,577 27,247 Total Expenses $ 10,050,630 $ 1,821,081 $ 530,615 $ 12,402,326 See accompanying notes. 6 60 WHERE EDUCATION PAYS OFF® WASHINGTON, DC 901 F Street NW, Suite 300 Washington, DC 20004 P: 202.507.4851 F: 202.652.2934 HOUSTON 4801 Woodway Drive, Suite 300 East Houston, Texas 77056 P: 202.507.4851 F: 480-287-9632 tmcf.org
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