George Floyd Memorial Foundation FY2020 filing

Charlotte, NCUnknown exempt organizationEIN 85-2280701Revenue $302K in FY2020

On file with the IRSgeorgefloydmemorialfoundation.org18212 Studman Branch Ave · Charlotte, NC

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We honor George Floyds legacy by uniting and activating our communities to challenge the root causes of racial inequity and end the systemic violence affecting Black Americans.

49¢ of each $1 spent went to programs.
$19K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $6K a year · 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
41 mo
of spending, in cash
Looks good: 40.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$302K
Spent
$69K
To programs
49%
Net assets
$233K
By yearFY2020–FY2022
Revenue
$302K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$302K
FY2021$807K
FY2022$193K
Expenses
$69K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$69K
FY2021$468K
FY2022$748K
Net assets
$233K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$233K
FY2021$532K
FY2022$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $33K Management & general 38% · $26K Fundraising 14% · $9K

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

11 people listed on the 990; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$19,333Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2020
Jacari Harris$40,677—
Carry Wright—$19,333

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Uniting communities to challenge racial inequity and end systemic violence against Black Americans.

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Provided by the organization

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3 programs · $33K · in their own filed words · FY2020
01

The foundation organized several activities in North Carolina, Florida, Minnesota and Texas to promote social justice reform, to combat police brutality and to help end systematic racism across America.

$23Kprogram expense
02

The organization conducted several programs geared towards providing service to the less fortunate in our community. The foundation hosted a Thanksgiving drive that provided the homeless with warm meals for the Thanksgiving holiday.

$9Kprogram expense
03

The foundation hosted several virtual and in person trainings on how to safely and lawfully protest police brutally and fight for social justice. The foundation also launched an internship program with the Texas A&M University - Commerce where we provided internships in the field of communications, law, and public policy, while providing…

$483program 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 · FY2023
Total grants receivedfrom 1 funder$50
Grants paid · 5 grants · $254K · 2022–2022
Unitemized GrantFY2022$193,360
Unitemized GrantFY2022$45,000
Unitemized GrantFY2022$7,500
Greater Works Christian FellowshipFY2022$7,500
Unitemized GrantFY2022$595

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$302K
Ln 12
Gifts and grantsLn 1h$302K
Money outPt IX
$69K
Ln 25
Programscol B$33K
Managementcol C$26K
Fundraisingcol D$9K
Owns and owesPt X
$233K
net assets · Ln 32
Cash and savingsLn 1–2$233K
Total assetsLn 16$233K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$302K
Total revenueLn 12$302K
Assets in detailPt X, end of year
CashLn 1$233K
Cash and savings togetherLn 1–2$233K
Total assetsLn 16$233K
LiabilitiesLn 26$0
Net assetsLn 32$233K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY20End FY20
Cash and savingsLn 1–2$0$233K
Total assetsLn 16$0$233K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$233K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Pay of current officers, directors and key staffLn 5$19K$5K$10K$5K
Management feesLn 11a$6K$2K$0$4K
Accounting feesLn 11c$3K$0$3K$0
Advertising and promotionLn 12$10K$0$10K$0
Office expensesLn 13$2K$0$2K$0
TravelLn 17$17K$17K$296$0
Conferences, conventions and meetingsLn 19$6K$5K$385$0
Other expenses (24a–d)Ln 24$594$0$594$0
Total functional expensesLn 25$69K$33K$26K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $193K$748K−$555K$0 990 PDF
FY2021 $807K$468K$339K$532K 990 PDF
FY2020 Viewing $302K$69K$233K$233K 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 FY2020 990 (6 parts)
Part I · Summary $302,090 revenue, 12 lines filed
I-8 Contributions and grants$302,090
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$302,090
I-13 Grants and similar amounts paid$5,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$19,333
I-16a Professional fundraising fees$0
I-17 Other expenses$44,396
I-18 Total expenses$68,729
I-19 Revenue less expenses$233,361
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $302,090 across 3 lines filed
VIII-1f All other contributions, gifts and grants$302,090
VIII-1h Total contributions, gifts and grants$302,090
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$302,090
Part IX · Statement of functional expenses $68,729 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-5 Pay of current officers, directors and key staffPrograms $4,833 · Management $9,667 · Fundraising $4,833$19,333
IX-11a Management feesPrograms $1,500 · Management $0 · Fundraising $4,500$6,000
IX-11c Accounting feesPrograms $0 · Management $3,055 · Fundraising $0$3,055
IX-12 Advertising and promotionPrograms $0 · Management $10,000 · Fundraising $0$10,000
IX-13 Office expensesPrograms $0 · Management $2,013 · Fundraising $0$2,013
IX-17 TravelPrograms $16,879 · Management $296 · Fundraising $0$17,175
IX-19 Conferences, conventions and meetingsPrograms $5,174 · Management $385 · Fundraising $0$5,559
IX-24 Other expenses (24a–d)Programs $0 · Management $594 · Fundraising $0$594
IX-25 Total functional expensesPrograms $33,386 · Management $26,010 · Fundraising $9,333$68,729
Part X · Balance sheet $233,361 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $0$233,361
X-16 Total assetsStart of year $0$233,361
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$233,361
X-32 Total net assets or fund balancesStart of year $0$233,361
X-33 Total liabilities and net assetsStart of year $0$233,361
Part XI · Reconciliation of net assets $233,361 net assets at year end
XI-1 Total revenue$302,090
XI-2 Total expenses$68,729
XI-3 Revenue less expenses$233,361
XI-4 Net assets at start of year$0
XI-10 Net assets at end of year$233,361

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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