2010 Annual Report 13760 Noel Road, Suite 750 | Dallas, TX 75240 | www.tomjoynerfoundation.org
Cover Front cover art designed by Artist, Frank Frazier, and donated to The Tom Joyner Foundation, Inc. Title - "Power to the Future"ÂŠ - 2011 all rights owned by The Tom Joyner Foundation, Inc. The Tom Joyner Foundation, Inc. proudly continues its support of artists and their willingness to partner with this organization as we share the importance of art legacies at our partner schools.
Mission Statement The purpose of the Tom Joyner Foundation is to raise and donate money to Historically Black Colleges and Universities to be used for scholarship aid to students of need and to ensure sustainability of the institutions.
Board of Directors
Tom Joyner – Chairman Philanthropist/Host of Nationally Syndicated Radio Show, the Tom Joyner Morning Show
Dr. Fredrick Humphries Florida A&M University Former President
Thomas Joyner, Jr. – President Tom Joyner Foundation, Inc.
National Association for Equal Opportunity in Higher Education Former President
Royce West – Secretary West & Associates, LLP, Managing Partner Texas State Senator
U.S. Rep. Jesse Jackson, Jr. United States Congressman
Julia Atherton Reach Media, Inc. Executive Vice President
Donna Richardson Joyner Donna Richardson, LLC President
Janyce S. Brannon CPA
Oscar Joyner Reach Media, Inc. President/COO
Dr. William R. Harvey Hampton University President
Thomas Kalahar Camelot Communications, Ltd CEO
David Kantor CEO, Reach Media Inc
Chairman’s Letter On behalf of the Staff and Board of Directors, I am pleased to present the 2010 Annual Financial Report. The report provides a comprehensive picture of the Tom Joyner Foundation's finances for the 2010 fiscal year and a snapshot of important issues concerning our future. More than ever, the Tom Joyner Foundation is committed to the future of Historically Black Colleges and Universities. HBCUs continue to play an important part of educating our nation’s youth and producing future doctors, lawyers, business executives, scientists and philanthropists. Even as the country is working its way out of one of its toughest economic periods in decades, the Foundation has been working with HBCUs around the country in various ways through programs, scholarships and capacity building.
You know HBCUs are close to my heart. Every time I speak at a commencement, I am thrilled to get the hugs from students, parents, Aunties, Momos and PawPaws who are thankful, tearful and full of pride to have a college graduate. That’s why this 12-year-old Foundation is forever appreciative to the thousands of donors who have supported us, and as a result the students, faculty and administrators at these HBCUs. Look, I know this economy is taking its toll on so many of us, but I remain driven to make sure our beloved HBCUs are here today – and tomorrow. It may seem cliché, but James Weldon Johnson said it best in his poem, Lift Ev’ry Voice and Sing, and what has become known as the Black national anthem: Sing a song full of the faith that the dark past has taught us, Sing a song full of the hope that the present has brought us; Facing the rising sun of our new day begun, Let us march on till victory is won. So, no matter what anyone says, the Tom Joyner Foundation will invest in programs that will continue to produce scholars, athletes, politicians, corporate executives – in short, game changers. That’s right, students who will make a difference in whatever field they enter. I know that graduates of HBCUs get an experience that’s enriching, nurturing and confidence-building. That’s the foundation of success. Now, and well into the future, the Foundation will help arm the next generation of leaders with the tools they need to succeed. Yours truly
Tom Joyner , Chairman
President’s Letter To Our Valued Supporters: The Tom Joyner Foundation is extremely grateful to your support of our steadfast mission to support Historically Black Colleges and Universities through scholarships, capacity building and special programs. Despite one of the most challenging fundraising years ever, the Foundation focused its efforts on several key initiatives while at the same time developing a strategy to adapt to the unstable economic climate. During the year, we (1) Assisted HBCUs as part of our ‘Schools of the Month’ program; (2) Helped keep black males in college and (3) Offered capacity building to help HBCUs develop sustaining fundraising campaigns; and (4) Raised in excess of $7 million. In 2010, the Foundation worked with a streamlined staff and budget to survive a difficult economy that has been playing havoc with philanthropies all around the country. If anything, we intensified our efforts to seek out new corporate and individual donors from a broader number of sources.
For our programs, we awarded a Full Ride Scholarship to our third student - Cheyenne Boyce – from Detroit, Michigan, who is currently at Spelman College. Cheyenne, along with the previous Full Ride Scholars - had to have a 3.5 GPA, a 1300 on the SAT (Math and Verbal Only) and/or a minimum ACT score of 28. The Full Ride scholars receive full tuition waivers and stipends to cover room and board (on campus only) and books. To renew the scholarship for up to 10 semesters, the scholar is expected to keep a 3.0 GPA (on a 4.0 scale) and 15 credit hours per semester. As part of its on-going commitment to increasing the number of black males in college, the Foundation awarded nearly $80,000 to 52 Hercules Scholars, named after our late Board Member and my Grandfather Hercules Joyner, and remained an integral part of the Foundation's efforts to retain the number of black males attending college. The 11th Annual Fantastic Voyage™ successfully sailed out of Galveston, Texas to provide nearly 4,000 guests the ultimate ‘Party with a Purpose’, sailing to Grand Cayman and Cozumel, Mexico. As we look forward, the Foundation is evaluating its programs, and is developing a plan to better serve the needs of HBCUs in new and exciting ways. We’re planning to build off our legacy of helping to keep students in school, but also: • Strengthen the capacity building for all of our HBCUs, • Introduce new programs that will broaden HBCU students’ educational experiences • Provide more tools to enable supporters and donors to engage with the Foundation • Identify new sources of grants and strategic partnerships Now, more than ever, the Foundation believes that HBCUs can play a critical role in preparing the next generation of students to compete more aggressively in this fast-paced, ever-changing world.
Thomas Joyner, Jr, President
2010 School of the Month Program The School of the Month Program is the signature program of the Foundation. Annually, the Foundation selects 11 Historically Black Colleges and Universities with which to partner. During the partnership, we raise funds in support of student scholarships and educational programs. Hercules Scholarship Male Student Support Program In addition to those features each week, we award our Hercules Scholarship to a deserving male student attending one of our selected HBCUs. This scholarship, named after Tom Joyner’s late father, Hercules L. Joyner, embodies and celebrates male students attending HBCUs. Students selected must have a grade point average of 3.5 or higher and be actively involved in community service and leadership on their campuses. 4
Schools of the Month January Tuskegee University – Tuskegee, AL
July Paine College – Augusta, GA
February Fayetteville State University – Fayetteville, NC
August North Carolina Central University – Durham, NC
March Shaw University – Raleigh, NC
September Texas Southern University – Houston, TX
April Voorhees College – Denmark, SC
October Fort Valley State University – Fort Valley, GA
May Virginia State University – Petersburg, VA
November University of Arkansas Pine Bluff – Pine Bluff, AK
June Philander Smith College – Little Rock, AR
Drive One for Your HBCU In partnership with Ford Motor Company, the Tom Joyner Foundation launched Drive One for Your HBCU. The partnership challenged HBCU alumni, students, faculty, staff and friends to conduct test drives at local dealerships in support of their alma maters and favorite HBCUs. For every test drive a $25 donation was made to the Foundation up to $250,000. In addition to launching a tour in the fall of 2009 at various HBCU campuses test drives were also conducted at the 2010 Tom Joyner Family Reunion. 5
Scholarships will be awarded to HBCU students who major in STEM (Science, Technology, Engineering and Mathematics) with the funds from this initiative.
2010 Art With a Purpose Annually, the Tom Joyner Foundation hosts “Art with a Purpose” on board the Tom Joyner Foundation Fantastic Voyage. “Art with a Purpose” features internationally acclaimed African-American artist and galleries from across the nation. Passengers have an opportunity to view the work of our featured artist and galleries through out the week. Private sales, live and silent auctions are held and proceeds from art sold on the ship benefit Foundation programs and initiatives. This art experience is also an opportunity to educate our supporters about the long history of art at Historically Black Colleges and Universities combined with how to build a modern collection combining old with new. 6
Along with these events, the Foundation hosts an art seminar for passengers from the novice and to the most seasoned collectors. Seminars discuss topics such as, building your art collection, storing your collection properly and appraising your collection.
2010 Featured Artists Buchi Upjon Aghaji J. Anthony Brown Manuelita A. Brown Stacey Brown Leroy Campbell Elizabeth Catlett Dwayne D. Conrad Aziz Diagne Najee Dorsey
Ed Dwight E and S Art Gallery Frank Frazier La Belle Galerie Annie Lee Deborah Shedrick John Toms Twin
Full Ride Scholarship The Tom Joyner Foundation Full Ride Scholarship is awarded to high school seniors who will be attending a Historically Black College or University. This highly competitive scholarship annually draws the best and the brightest students from across the nation to apply. Students must have a grade point average of 3.5 or higher, at least 1300 on the SAT and/or a minimum ACT score of 28. Students are also required to write a 350-word essay on the topic – “What has been the most impressionable moment in your life and why?” This year, thousands of applicants were screened and ten finalists were chosen and invited to Atlanta, Georgia for a panel interview with Tom Joyner and other judges from the media.
Full Ride scholarship
The third Tom Joyner Full Ride Scholarship was awarded to Cheyenne Boyce of Detroit, Michigan. Cheyenne was ranked No. 1 at Detroit’s highly competitive Cass Technical High School. She plays the cello and is interested in international relations and the environment. Cheyenne will use the scholarship to attend Spelman College in Atlanta, Georgia.
Teacher Quality Program For five years, the Tom Joyner Foundation has partnered with the National Education Association to improve the quality of teaching skills in public school systems in urban and rural school districts throughout the nation with our Teacher Quality Program. The program focuses on preparing educators for national certification exams by providing funding and technical support for workshops, coursework materials, individual tutoring, and examination fees to prepare educators to pass state licensing examinations.
The Tom Joyner Foundation has contributed $1.8 million to the project and the National Education Association has provided more than $2 million in support. Since the program started over 5,400 applicants have been screened, and 3,286 students have been accepted since 2005. Photo credit: Hampton University
Through our efforts with our partner schools the partnership has an 89% success rate in educators passing the state licensing exams. Teacher Quality Partner Schools • • • • • • • •
Bowie State University Cheyney University of Pennsylvania Clark Atlanta University Harris-Stowe State University Jackson State University Johnson C. Smith University Alabama A&M University Howard University
• • • • •
LeMoyne-Owen College Mississippi Valley State University Norfolk State University Prairie View A&M University Tennessee State University
Financials 2010 Tom Joyner Foundation Revenue and Expenses
Statements of Financial Position as of December 31, 2010 and 2009 2010
$3,345,187 1,521,603 2,604 2,641
$4,397,686 1,057,170 18,273 3,967
$1,098,207 1,458,950 834,827
$2,079,911 141,331 842,375
ASSETS Cash and cash equivalents Contributions and accounts receivable Inventories Property and equipment, net of accumulated depreciation TOTAL ASSETS
LIABILITIES AND NET ASSETS Liabilities â€“ Accounts payable Deferred revenue from fundraising Contributions payable to HBCU institutions Total Liabilities Net Assets â€“ Unrestricted Temporarily restricted Total Net Assets Total Liabilities and Net Assets
Wendy Adair Aetna Foundation Inc. Alabama A&M University Alumni Association Gladys R. Allen Selma Allen Allen Family Fund ALW Sourcing, LLC ANA Judy L. Andrews Anheuser-Busch Foundation Victor Archie Leslie Y. Baker Gail S. Ball Sylvia Ballentine-Knight William Bankhead Jeanne Banks Luke Banner Sheila G. Barnett Dior Barry Ben Washington Baptist Church, Inc. Bill Winston Ministries Tracy D. Black Diedre Blaine Carolyn Blakely Patricia A. Blakney Curtis Blue Debra J. Bluitt Calvin E. Booker Erma Y. Boudreaux Jacquelyn Bourgeois Michael Boykin Alverna J. Bracy Carl E. Bracy Freda W. Bredy McKinley H. Brister J.S. Broaden Stacie Broussard Anthony K. Brown Lana L. Brown Linda Brown Patricia G. Brown Elizabeth Bruton-Pollard Minnie V. Buchanan Carrie Buckhanan Tony Bullock
Twyla Burkhalter Ryan Burks Larry Burney Nakia R. Burns Ebony Busby Cheryl G. Butler Deborah Butler Nancy S. Callender Chandra G. Campbell Addison Carey Keisha Clark Vergena Clark Clark Atlanta University Walter S. Claytor James M. Coates Henry & Karen Coaxum Bertha S. Cole Ms. Ronnie H. Collins Donna Comer Community Missionary Baptist Church Sekethia Coopedge Bobby Cooper Larry Cooper Beverly Cotledge Brenda Counts Dorothy Cowser Yancy Yvonne Cowser Yancy Kim Cox Felicia Cullars LaRue P. Cunningham L.A. Davis Noah & Germaine Davis Robin Davis Tene Davis Maria A. Deal Dr. Karen Delaney Delta Sigma Theta Sorority, Inc. Jacksonville Alumnae Chapter Delta Sigma Theta Sorority, Inc. Greater Cleveland Alumnae Chapter Jacquelyn Dennison Designs of Diamond D Adele E. Doctor Gloria Dodson-Weems L. Najee Dorsey Thomas Dortch, Jr.
Barbara Dunn-Harrington Florence R. Dyches Ernest B. Eason, MD Preston Edwards Rosa Edwards Ruby Eley John or Susie Evans Delores F. Fambles L. Favors Luther B. Felder Mrs. Courtney S. Ferguson Michelle Fifer Deborah Fisher Joseph L. Flowers Dr. M.A. Flowers Mary Flowers-Boyce Kenneth D. Fobbs Gwendolyn Fortson Keywanna Frazier Latasha K. Freed David R. Gaffney Mr. & Mrs. Tyrone Gaines Alile F. Gasaway Gateway Alumni Association of UAPB Shelia M. Geater Aaron Georgetown Ann T. Gibson Audrey M. Gilbert Dorothy Gilbert Sharon Giles Lynette Giles Canady Minnie Glover Glue Inc. Garry Gordon Graham McIver Greater Little Rock Alumni Association of UAPB AM&N Greater St. Stephen Ministries Andrew W. Green Gwendolyn Green Robin Green Maria Greer Vanessa S. Greer Freya B. Grimes Dr. M. Martin Hall Tahjma Hall-Mhoon
Edna M. Hardy-Hill Carolyn M. Harris Gwendolyn Harris Debbie Harvey-Davis Estelle Hayes Latisha N. Hebert Gregory Henley Brandy M. Hicks Sandra L. Hicks Columbus L. Higgins Doris Hill Lori Holland Sharon Hooks Adelaide Y. Hopkins Carolyn Hunter Marie J. Hunter Timothy A. Ingram Patricia D. Isabell Christel N. Jackson Paul Jackson Jason Richardson Foundation, Inc. Vickey L. Jeffers Brenda J. Jefferson James F. Jeffries Henry Johnson Lonnie Johnson Ryen Johnson Stacee Johnson Tinecia L. Johnson Dr. Linda C. Jolly Bobby Jones Edna Jones Mary M. Jones Linda Jones Paxton Anthony Jordan Dora C. Joyner Oscar Joyner Thomas Joyner, Jr. Tom Joyner Martha T. Judge Kalatrese Candy Gifts & More Kansas City Chapter of Arkansas AM&N UAPB Alumni
David Kantor Linda Kennedy-Beauvil Genesta Keys Cynthia Kirksey Yvonne Knight, MD Lavonia Knox Willis Langley Yetive W. Larke Zakiya E. Larry Susan S. Lawrence Philomena Lawson Alan D. Lee Catheline Lee Granville Lee Herbert S. Lee Tari Linnear Evelyn Lott Cooper Beth Ann Louden Karen Love Javier Luevano Magic Johnson Foundation, Inc. French Y. Marshall Jacquie Martin Mary Mattison Karen May Clinton McCalla Dorinda McCombs Kimberly McGhee Denise McMichael-Houston Lamell McMorris Lester Melton Members Give Powered by Justgive Maria Mendoz-Bates Necole Merritt Tahmja Mhoon Microsoft Matching Gifts Program Darryl Mitchell Karen Mitchell Gregory Modeste Monsanto Fund Wanda Moore Faith Morris Sharon Mosley-Ramsey Jetaun Mottley Tracy Mourning
Hanan Muhammad Gloria Mullins Ronald Mullins Jacqueline Munnerlyn Gala Munnings Denise Murray Cheryl Myers Myra J., Inc. NAC Marketing Company, LLC Ayana Najuma Lawrence E. Nelson Charles M. Newborn Newell Rubbermaid Once For All, Inc. Col. Keith Owens Kim L. Owens Kim Owens Dr. Ron Owens Kimone C. Paley Kenneth Parker Dr. Mamie A. Parker Loren Parker-Jackson Edward Perry Perrylee Home Health Care Services Inc. Robert G. Pettit Debra Pilgrom Ivy Pittman Grover & Darlene Pollard Jasmine Pope Joyce Price Terry L. Prioleau Karen Purnell Dierdra S. Raines Karen R. Raison Frederick Ramsey Natasha Randle Reach Media, Inc. Dr. Justine Redding Ltc. Andrew A. Reese Caranita Rhone Georgette Rias-Baker Michelle Rice Phillis Riley Adrienne Robinson Floyd Robinson
Press L. Robinson Sandra & Edward Robinson Steve Robinson Jonathan Rodgers Kenneth & Cheree Rogers Edith L. Rose Rachel Ross Thomas L.G. Ross Andrea Saboor Angela K. Sattinger Robin Savage Charles R. Scott Danielle Y. Scott Jonathan A. Scott Russell A. Searing Shannong Shackelford Cathy Shannon Lavonne Sheffield Willie Shellman Doris M. Sigl Bettye Simmons John A. Simmons Michael E. Simmons Koboi Simpson Mark Singleton Michele Sisson Norman W. Slack Ann C. Sloan George M. Smith Melany Smith Debra L. Spencer Patricia Spencer State Employeeâ€™s Community Campaign Gloria A. Statham Debra M. Stewart Sandra J. Stewart Helen D. Stokes Vernell I. Straughter Diane Suitt Gilleland Felicia Tate Latif Taylor Joyce Terry Texas Southern University San Antonio Alumni Chapter The Home Depot
The University of Arkansas Foundation, Inc. George Lillian Thompkins Albert Thompson Annie S. Thompson LaVonne Thompson, Esq. Arthur M. Threatt Mrs. Clincy Tramell Hattie Tucker Janet Turner UAPB AM&N Atlanta Alumni Association United Way of Delaware United Way of the Southern Tier Thomas E. Vaughn Voorhees College Marquisa Wade Constance S. Walker William Walker Melodie Walton Bernard A. Ward Michele Ware Johnny Warren Robyn Washington Washington DC Chapter of UAPB Alumni Association Rehema Wa-Tenza Herbert Weatherspoon Natasi Weaver Wellpoint Associate Giving Campaign Nneka Wells Eleanor E. White Lillonteen Whitehurst Karen Whitney Julia Wiley Yolanda Williams Page Rickie Williamson Deddrick T. Wilmer DE, SAR Darie Wilson Jean Wilson Kelly I. Woods Carolyn B. Worthy Wainie Youn Margaret Zabawar
Alabama A&M University Alabama State University Albany State University Alcorn State University Allen University Arkansas Baptist College Barber-Scotia College Benedict College Bennett College Bethune-Cookman University Bluefield State College Bowie State University Central State University Cheyney University of Pennsylvania Claflin University Clark Atlanta University Coppin State University Delaware State University Dillard University Edward Waters College Elizabeth City State University Fayetteville State University Fisk University Florida A&M University Florida Memorial University Fort Valley State University Grambling State University Hampton University
Harris-Stowe University Howard University Huston Tillotson University Interdenominational Theological Center Jackson State University Jarvis Christian College Johnson C. Smith University Kentucky State University Knoxville College Lane College Langston University LeMoyne-Owen College Lincoln University of Missouri Lincoln University of Pennsylvania Livingston College Meharry Medical College Miles College Mississippi Valley State University Morehouse College Morris Brown College Norfolk State University North Carolina A&T State University North Carolina Central State University Oakwood University Paine College Pail Quinn College Philander Smith College Prairie View A&M University
Rust College Saint Augustineâ€™s College St. Paulâ€™s College Savannah State University Selma University Shaw University South Carolina State University Southern University A&M College Southern University at New Orleans Spelman College Stillman College Talladega College Tennessee State University Texas Southern University Tougaloo College Tuskegee University University of Arkansas Pine Bluff University of the District of Columbia University of Maryland Eastern Shore University of the Virgin Islands Virginia State university Voorhees College West Virginia State University Wilberforce University Wiley College Winston Salem State University Xavier University of Louisiana
13760 Noel Road, Suite 750 | Dallas, TX 75240 | www.tomjoynerfoundation.org