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NAACP Foundation FY2023 filing

Tax-deductible

Baltimore, MD501(c)(3)Civil Rights & AdvocacyEIN 13-1998814Revenue $1.2M in FY2023

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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
46 mo
of spending, in cash
Looks good: 46.3 months of spending in cash; 3 or more.
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
$56K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 38 voting members
Looks good: 38 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-77% vs prior year
Spent
$189K
To programs
0%
Net assets
$13.3M
By yearFY2019–FY2024
Revenue
$1.2M
FY2023▼ -77%
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
$189K
FY2023▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2019$975K
FY2020$920K
FY2021$152K
FY2022$178K
FY2023$189K
FY2024$916K
Net assets
$13.3M
FY2023▲ +16%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

What each dollar paid for.

Management & general 47% · $89K Fundraising 53% · $100K

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

40 people listed on the 990.

Part VII, Section A · reportable compensation
Derrick Johnson
NAACP Presid
$0Pt VII · Sec A
$0Pt VII · Sec A
Junko Kobayashi
2023 Interim
$0Pt VII · Sec A
Pamela Alexander
Foundation T
$0Pt VII · Sec A
Dr John Arradondo
Foundation T
$0Pt VII · Sec A
Maya Bermingham
Foundation T
$0Pt VII · Sec A
$0Pt VII · Sec A
Raquel Bone
Foundation T
$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 15aYes

Programs and updates

Educates minorities about social and economic issues.

Questions for NAACP Foundation

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Provided by the organization

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1 program · in their own filed words · FY2023
01

The naacp foundation supports our civil rights and social justice work by raising funds and promoting philanthropy. The foundation board oversees our endowment, generating essential support for naacps efforts.

Pt IX · col B

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
Fidelity Investments Charitable Gift FundFY2024$433K
American Online Giving Foundation INCFY2024$272K
Mitchell Kapor FoundationFY2024$100K
The New York Community TrustFY2024$71K
Vanguard Charitable Endowment ProgramFY2024$56K
Columbus FoundationFY2024$40K
Barbara a Stiefel Foundation INCFY2024$20K
Donor Advised Charitable Giving INCFY2024$19K
Total grants receivedfrom 22 funders$1.1M
See all 22 funders →
Grants paid · 1 grant · $727K · 2024–2024
NAACP Empowerment Programs INCMD · FY2024$727,002

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$816K
Investment incomeLn 3$426K
Money outPt IX
$189K
Ln 25
Managementcol C$89K
Fundraisingcol D$100K
Owns and owesPt X
$13.3M
net assets · Ln 32
Cash and savingsLn 1–2$729K
Total assetsLn 16$13.4M
LiabilitiesLn 26$56K
PeoplePt VI, VII
40
listed · VII A
PaidVII A0
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$816K
Investment incomeLn 3$426K
Gains on assetsLn 7$10K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$729K
Cash and savings togetherLn 1–2$729K
InvestmentsLn 11–13$12.4M
Other assetsLn 15$282K
Total assetsLn 16$13.4M
LiabilitiesLn 26$56K
Net assetsLn 32$13.3M
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 FY23End FY23
Cash and savingsLn 1–2$1.4M$729K
InvestmentsLn 11–13$11.2M$12.4M
Total assetsLn 16$12.6M$13.4M
LiabilitiesLn 26$1.2M$56K
Net assetsLn 32$11.5M$13.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$55K$55K
Office expensesLn 13$13K$13K
Information technologyLn 14$4K$4K
Other expenses (24a–d)Ln 24$117K$17K$100K
Total functional expensesLn 25$189K$0$89K$100K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$916K$567K$14.8M 990 PDF
FY2023 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $1,241,912 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,122,731$816,045
I-9 Program service revenue$0
I-10 Investment incomePrior year −$761,733$425,867
I-11 Other revenue$0
I-12 Total revenuePrior year $5,360,998$1,241,912
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 $177,544$188,938
I-18 Total expensesPrior year $177,544$188,938
I-19 Revenue less expensesPrior year $5,183,454$1,052,974
Part VI · Governance 38 of 38 board members independent, no flags
VI-1a Voting members of the governing body38
VI-1b Independent voting members38
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,241,912 across 5 lines filed
VIII-1f All other contributions, gifts and grants$816,045
VIII-1h Total contributions, gifts and grants$816,045
VIII-3 Investment incomeRelated to mission $408,596 · Excluded from tax $7,285$415,881
VIII-7 Net gain or loss on sales of assetsRelated to mission $9,986$9,986
VIII-12 Total revenueRelated to mission $418,582 · Excluded from tax $7,285$1,241,912
Part IX · Statement of functional expenses $188,938 across 4 lines filed
IX-11g Other fees for servicesManagement $54,882$54,882
IX-13 Office expensesManagement $13,310$13,310
IX-14 Information technologyManagement $3,502$3,502
IX-24 Other expenses (24a–d)Management $17,497 · Fundraising $99,747$117,244
IX-25 Total functional expensesPrograms $0 · Management $89,191 · Fundraising $99,747$188,938
Part X · Balance sheet $13,390,268 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,421,932$729,370
X-13 Program-related investmentsStart of year $11,194,809$12,378,442
X-15 Other assets$282,456
X-16 Total assetsStart of year $12,636,751$13,390,268
X-17 Accounts payable and accrued expensesStart of year $16,398$55,615
X-26 Total liabilitiesStart of year $1,167,721$55,615
X-27 Net assets without donor restrictionsStart of year $6,069,246$7,424,128
X-28 Net assets with donor restrictionsStart of year $5,399,784$5,910,525
X-32 Total net assets or fund balancesStart of year $11,469,030$13,334,653
X-33 Total liabilities and net assetsStart of year $12,636,751$13,390,268
Part XI · Reconciliation of net assets $13,334,653 net assets at year end
XI-1 Total revenue$1,241,912
XI-2 Total expenses$188,938
XI-3 Revenue less expenses$1,052,974
XI-4 Net assets at start of year$11,469,030
XI-5 Net unrealized gains (losses) on investments$812,649
XI-10 Net assets at end of year$13,334,653

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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