Naacp Foundation
- Assets
- $8.0m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 04/1964
- Data as of
- 12/2021
- EIN
- 13-1998814
Organization Overview
Naacp Foundation is located in Baltimore, MD. The organization was established in 1964. 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. Naacp Foundation 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, Naacp Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $151.9k 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
TO EDUCATE MINORITIES ON SOCIAL AND ECONOMIC ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL-TO PROVIDE ELIGIBLE STUDENTS ACCESS TO QUALITY EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgette Dixon Vice Chair | OfficerTrustee | 2 | $0 |
Thomas L Kalahar Treasurer | OfficerTrustee | 2 | $0 |
Dwayne Proctor PHD Chairman | OfficerTrustee | 2 | $0 |
Janette Mcarthy Wallace Secretary | OfficerTrustee | 2 | $0 |
Derrick Johnson President & | Officer | 2 | $0 |
Junko Kobayashi Interim CFO | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,926 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,304,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,306,994 |
| Total Program Service Revenue | $140 |
| Investment income | $336,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,025 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,766,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,427 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $151,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,117,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,249 |
| 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 | $6,862,569 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,016,305 |
| Accounts payable and accrued expenses | $27,046 |
| 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 | $1,025,754 |
| Total liabilities | $1,052,800 |
| Net assets without donor restrictions | $6,355,268 |
| Net assets with donor restrictions | $608,237 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,016,305 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Naacp Foundation has recieved totaling $882,441.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $318,415 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $176,645 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $176,645 |
Americas Charities Chantilly, VA PURPOSE: GENERAL SUPPORT | $118,492 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $46,695 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $16,793 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Naacp Empowerment Programs Inc Baltimore, MD | $113,174,751 | $103,738,054 |
National Association For The Advancement Of Colored People Baltimore, MD | $32,426,272 | $33,545,881 |
Asian American Equal Opportunity Fund Washington, DC | $89,049,217 | $100,728,075 |
National Congress Of American Indians Washington, DC | $22,096,750 | $10,230,979 |
Congressional Black Caucus Foundation Inc Washington, DC | $27,522,852 | $16,990,320 |
Lulac National Educational Service Centers Inc Washington, DC | $2,152,455 | $9,352,585 |
Congressional Hispanic Caucus Institute Inc Washington, DC | $24,437,855 | $9,652,744 |
National Association For The Advancement Of Colored People Baltimore, MD | $34,744,473 | $15,559,685 |
National Action Council For Minorities In Engineering Inc Alexandria, VA | $24,460,984 | $4,503,129 |
Minority Corporate Counsel Association Inc Washington, DC | $7,066,542 | $4,466,534 |
National Black Caucus Of State Legislators Washington, DC | $4,139,916 | $3,218,552 |
Hispanic Association On Corporate Responsibility Washington, DC | $5,189,673 | $3,981,049 |