The George Floyd Memorial Foundation Inc
- Assets
- $531.5k
- Revenue
- $806.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Mooresville, NC
- Founding
- Data as of
- 12/2021
- EIN
- 85-2280701
Organization Overview
The George Floyd Memorial Foundation Inc is located in Mooresville, NC. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Floyd Memorial Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, George Floyd Memorial Foundation Inc generated $806.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 63.4% each year . All expenses for the organization totaled $467.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE HONOR GEORGE FLOYD S LEGACY BY UNITING AND ACTIVATING OUR COMMUNITIES TO CHALLENGE THE ROOT CAUSES OF RACIAL INEQUITY AND END THE SYSTEMIC VIOLENCE AFFECTING BLACK AMERICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEORGE FLOYD REMEBRANCE IN MINNEAPOLIS.
HOLIDAY COMMUNITY CARE EVENT. ORGANIZATION HAD ADOPTED A GROUP FOR HOMELESS SHELTERED KIDS AGES 8 TO 13 YEARS OLD.
FAIR LEGAL SYSTEM-SCHOLARSHIP PROGRAM GIVEN TO RECEIPIENTS OF CRIMINAL JUSTICE MAJORS, AND LAW SCHOOL STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adner Marcelin Cfo/vice Board Chair | Officer | 30 | $0 |
Bridgett Floyd President/board Chair | Officer | 30 | $0 |
Adriannette Williams Director | Trustee | 10 | $0 |
Hannah Steer Director | Trustee | 15 | $0 |
Terrence Floyd Director | Trustee | 2 | $0 |
Ben Crump ESQ Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,944 |
| Total Program Service Revenue | $450,900 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $806,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,610 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,544 |
| Advertising and promotion | $16,459 |
| Office expenses | $76,073 |
| Information technology | $3,551 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $58,589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $257 |
| All other expenses | $0 |
| Total functional expenses | $467,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,537 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $531,537 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $531,537 |
| Total liabilities and net assets/fund balances | $531,537 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The George Floyd Memorial Foundation Inc has recieved totaling $25,200.
| Awarding Organization | Amount |
|---|---|
American Tower Charitable Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $25,000 |
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Action Council For Minorities In Engineering Inc Alexandria, VA | $24,460,984 | $4,503,129 |
Mid-South Minority Business Council Continuum Inc Memphis, TN | $2,411,165 | $936,384 |
Dedication To Community Charlotte, NC | $48,294 | $453,094 |
The George Floyd Memorial Foundation Inc Mooresville, NC | $531,537 | $806,844 |
Sandhills Cooperation Association Troy, NC | $244,848 | $396,435 |
Core Network Virginia Beach, VA | $147,344 | $32,250 |
Martin Luther King Jr Association Of Asheville & Buncombe County Asheville, NC | $66,413 | $0 |
Georgia Association Of Minority Entrepreneurs Atlanta, GA | $134,474 | $0 |
No Walls Ministry Inc Lynchburg, VA | $35,022 | $0 |
North Carolina Legislative Black Caucus Foundation Inc Raleigh, NC | $392,264 | $0 |
A Therapist Like Me Asheville, NC | $53,805 | $0 |
Trustbuilding Inc Lagrange, GA | $86,966 | $0 |