NAACP Foundation FY2019 filing

Tax-deductible

Baltimore, MD501(c)(3)Civil Rights & AdvocacyEIN 13-1998814Revenue $1.1M in FY2019

On file with the IRSnaacp.org4805 Mount Hope Dr, 21215-3206 · Baltimore, MDTax-exempt since Apr 1964Publicly supported charity — 170(b)(1)(A)(vi)

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To educate minorities on social and economic issues.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2019 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.5M a year · 82% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
22
named funders · $1.1M
Looks good: 22 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
243% of total assets
Concern: liabilities are 243% of assets; over 80%.
Pt X · Ln 26
Independent board members
34
of 34 voting members
Looks good: 34 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$975K
To programs
86%
Net assets
−$1.5M
By yearFY2019–FY2024
Revenue
$1.1M
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$1.1M
FY2020$5.5M
FY2021$3.8M
FY2022$5.4M
FY2023$1.2M
FY2024$1.5M
Expenses
$975K
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$975K
FY2020$920K
FY2021$152K
FY2022$178K
FY2023$189K
FY2024$916K
Net assets
−$1.5M
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019−$1.5M
FY2020$3.1M
FY2021$7.0M
FY2022$11.5M
FY2023$13.3M
FY2024$14.8M

From the FY2019 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $838K Management & general 3% · $25K Fundraising 12% · $113K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

36 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See NAACP Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates minorities about social and economic issues.

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Provided by the organization

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3 programs · $838K · in their own filed words · FY2019
01

Act-so program prepares, recognizes and rewards african-american youth who exemplify scholatic and artistic excellence. Naacp branches, college chapters and youth councils conduct annual competitions for students in grades 9-12 throughout the country.

$809Kprogram expense
02

The legal program fellow consists primarily of the continuing legal education (cle) program which represents an opportunity for attorneys to enhance their education in legal matters related to civil rights.

$21Kprogram expense
03

Educational-to provide eligible students access to quality education at the undergraduate and graduate level

$7Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 22 funders →
Grants paid · 1 grant · $727K · 2024–2024
NAACP Empowerment Programs INCMD · FY2024$727,002

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$46K
Other incomeLn 4–11$4K
Money outPt IX
$975K
Ln 25
Programscol B$838K
Managementcol C$25K
Fundraisingcol D$113K
Owns and owesPt X
−$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$91K
Total assetsLn 16$1.1M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
36
listed · VII A
PaidVII A0
Voting boardVI 1a34
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$750
Investment incomeLn 3$46K
Other incomeLn 4–11$4K
Gains on assetsLn 7$19K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$91K
Cash and savings togetherLn 1–2$91K
InvestmentsLn 11–13$885K
Total assetsLn 16$1.1M
LiabilitiesLn 26$2.6M
Net assetsLn 32−$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$82K$91K
InvestmentsLn 11–13$331K$885K
Total assetsLn 16$613K$1.1M
LiabilitiesLn 26$2.3M$2.6M
Net assetsLn 32−$1.7M−$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$27K$8K$19K
Office expensesLn 13$7K$7K
Information technologyLn 14$21K$14K$7K
TravelLn 17$78K$78K
Conferences, conventions and meetingsLn 19$434K$434K
InsuranceLn 23−$125−$125
Other expenses (24a–d)Ln 24$400K$290K$4K$106K
All other expensesLn 24e$9K$7K$2K
Total functional expensesLn 25$975K$838K$25K$113K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$916K$567K$14.8M 990 PDF
FY2023 $1.2M$189K$1.1M$13.3M 990 PDF
FY2022 $5.4M$178K$5.2M$11.5M 990 PDF
FY2021 $3.8M$152K$3.6M$7.0M 990 PDF
FY2020 $5.5M$920K$4.6M$3.1M 990 PDF
FY2019 Viewing $1.1M$975K$118K−$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2019 990 (6 parts)
Part I · Summary $1,093,244 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $595,746$1,042,656
I-9 Program service revenue$750
I-10 Investment incomePrior year $25,253$45,574
I-11 Other revenuePrior year $5,533$4,264
I-12 Total revenuePrior year $626,532$1,093,244
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,470,036$974,959
I-18 Total expensesPrior year $1,470,036$974,959
I-19 Revenue less expensesPrior year −$843,504$118,285
Part VI · Governance 34 of 34 board members independent, 1 to look at
VI-1a Voting members of the governing body34
VI-1b Independent voting members34
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,093,244 across 8 lines filed
VIII-1a Federated campaigns$125,062
VIII-1f All other contributions, gifts and grants$917,594
VIII-1h Total contributions, gifts and grants$1,042,656
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $750$750
VIII-3 Investment incomeRelated to mission $26,996$26,996
VIII-7 Net gain or loss on sales of assetsRelated to mission $18,578$18,578
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,264$4,264
VIII-12 Total revenueRelated to mission $46,324 · Excluded from tax $4,264$1,093,244
Part IX · Statement of functional expenses $974,959 across 8 lines filed
IX-11g Other fees for servicesPrograms $8,063 · Management $19,000$27,063
IX-13 Office expensesPrograms $6,842$6,842
IX-14 Information technologyPrograms $14,242 · Fundraising $6,837$21,079
IX-17 TravelPrograms $78,029$78,029
IX-19 Conferences, conventions and meetingsPrograms $433,543$433,543
IX-23 InsurancePrograms −$125−$125
IX-24 Other expenses (24a–d)Programs $289,757 · Management $4,121 · Fundraising $105,897$399,775
IX-24e All other expensesPrograms $7,150 · Management $1,603$8,753
IX-25 Total functional expensesPrograms $837,501 · Management $24,724 · Fundraising $112,734$974,959
Part X · Balance sheet $1,076,204 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $81,747$90,864
X-3 Pledges and grants receivableStart of year $200,000$100,000
X-13 Program-related investmentsStart of year $331,025$885,340
X-16 Total assetsStart of year $612,772$1,076,204
X-17 Accounts payable and accrued expensesStart of year $5,601$71,855
X-25 Other liabilitiesStart of year $2,314,659$2,547,866
X-26 Total liabilitiesStart of year $2,320,260$2,619,721
X-27 Net assets without donor restrictionsStart of year −$2,229,338−$2,260,925
X-28 Net assets with donor restrictionsStart of year $521,850$717,408
X-32 Total net assets or fund balancesStart of year −$1,707,488−$1,543,517
X-33 Total liabilities and net assetsStart of year $612,772$1,076,204
Part XI · Reconciliation of net assets −$1,543,517 net assets at year end
XI-1 Total revenue$1,093,244
XI-2 Total expenses$974,959
XI-3 Revenue less expenses$118,285
XI-4 Net assets at start of year−$1,707,488
XI-5 Net unrealized gains (losses) on investments$45,686
XI-10 Net assets at end of year−$1,543,517

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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