Trusted Capabilities and Readiness Development Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SUPPORT THE RESEARCH AND DEVELOPMENT MISSION OF TOUGALOO COLLEGE AND OTHER HISTORICALLY BLACK COLLEGES AND UNIVERSITIES BY FORMING AND MANAGING RESEARCH AND CONTRACT PARTNERSHIPS, NCLUDING RESEARCH ENTIIEIS THAT CONDUCT A SUBSTANTIAL AMOUNT OF FEDERAL RESEARCH AND CONTRACTS.
- Income
- $1.3 million
- Spending
- $1.7 million
- Spent on programs
- 97%
- Reserves
- 4.8 months of spending
- Largest source of income
- fees for its services, 84%
- Employees
- 0
- Volunteers
- 15
- Highest pay
- $228,645, president & ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 70 out of 100. Higher than 53% of charities in its peer group (education, $1m to $10m).
Reserves
20 of 35Spendable reserves would cover 4.8 months of spending.
Debt
20 of 20It owes 9% of what it owns.
Living within its means
0 of 15Spending exceeded income by 33% of income.
Income trend
15 of 15Income rose 84% on the year before.
Spending floor
15 of 1597% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 55 out of 100. Higher than 13% of charities in its peer group (education, $1m to $10m).
Independent board
0 of 251 of 1 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (6)
- $517,631 spent. MANSION: THE STATE OF MISSISSIPPI GRANT FUNDS ARE RESTRICTED FOR DEVELOPMENT OF MANSION PROPERTY AT TOUGALOO COLLEGE. REVENUE IS INTEREST EARNED ON BALANCE IN BANK ACCOUNT, WHEREIN REMAINING GRANT PROCEEDS RESIDE. NO EXPENSES WERE INCURRED IN 2023.
- $340,108 spent. GTRI: THIS IS AN EFFORT TO SUPPORT HBCU RESEARCH AND CONTRACT CAPACITY THROUGH PARTNERSHIPS WITH GEORGIA TECH RESEARCH INSTITUTE AND GEORGIA TECH. THE PARTNERSHIPS SUPPORT CURRENT GTRI PROJECTS AND SEEK FUNDED OPPORTUNITIES IN RESPONSE TO REQUESTS FOR PROPOSALS.
- $307,852 spent. DARPA:The project enhanced outreach, education, and technology transition for non-traditional defense performers, demonstrating TCRDF's ability to build networks and foster collaboration.
- $296,692 spent. SCALE: Focused on workforce development in microelectronics, including student recruitment, mentoring, and curriculum development, aligning with FOA's emphasis on educational outreach and capacity building.
- $159,521 spent. REDI: THE RURAL ECONOMIC DEVELOPMENT INITIATIVE PROGRAM SUPPORTS RURAL COMMUNITIES AND DIVERSIFIES LOCAL ECONOMIES, FROM PLANNING AND STARTUP THROUGH EXPANSION. THIS FREE, TWELVE-WEEK PROGRAM PROVIDES ON-SITE AND VIRTUAL TRAINING SESSIONS FOR MISSISSIPPI BUSINESS OWNERS AND PROSPECTIVE BUSINSS OWNERS IN AAMS, CLAIBORNE, JEFFERSON, AND WILKINSON COUNTIES.
- $22,250 spent. DEPT OF EDUCATION: Focused on broadening participation in nuclear engineering through recruitment, mentoring, and apprenticeship programs.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2019 for not filing returns for three years. The IRS now lists it as tax-exempt again.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2019.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.