Drum Major Institute Inc
- Assets
- $143.8k
- Revenue
- $325.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 13-4080421
Organization Overview
Drum Major Institute Inc is located in Atlanta, GA. The organization was established in 1999. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drum Major Institute 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, Drum Major Institute Inc generated $325.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $306.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 7 years. 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 OPERATE AS A NONPARTISAN THINK TANK THAT PARTNERS WITH ADVOCATES, ORGANIZERS, ELECTED OFFICIALS, AND OTHER LEADERS TO IMPROVE POLICYMAKING IN CITIES AND FOR CITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARCH ON WASHINGTON - DMI ALONG WITH MARCH ON ORGANIZED AN EVENT WHERE THOUSANDS OF PEOPLE MARCHED AND RALLIED PEACEFULLY IN THE NATION'S CAPITAL AND CITIES NATIONWIDE TO DEMAND SWIFT FEDERAL ACTION AROUND VOTING RIGHTS. NEARLY 200 PARTNER ORGANIZATIONS OFFERED SUPPORT. MARCHERS PROTESTED SOME 400 BILLS INTRODUCED IN STATE LEGISLATURES NATIONWIDE.
DRUM MAJOR MOBILIZED NUMEROUS PEACEFUL PROTESTS AND RALLIES OUTSIDE OF THE CAPITAL AND WHITE HOUSE TO INCITE ACTION FROM OUR LAWMAKERS REGARDING VOTING RIGHTS. ON NOVEMBER 3, THE SENATE BLOCKED THE CONSIDERATION OF THE JOHN LEWIS VOTING RIGHTS ADVANCEMENT ACT. DRUM MAJOR LED A PROTEST AT THE WHITE HOUSE AND THE KING FAMILY, AND MORE THAN 50 OTHERS WERE ARRESTED WHILE TELLING PRESIDENT BIDEN TO ACT NOW TO ENSURE THE PASSAGE OF FEDERAL VOTING RIGHTS LEGISLATION.
REDEVELOPMENT OF DRUM MAJOR INSTITUTE'S WEBSITE - CREATING A WORKING, MODERN WEBSITE WHICH ALLOWS PEOPLE TO STAY UP TO DATE AND MAKE CONTRIBUTIONS THROUGH OUR SITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arndrea Waters King President | OfficerTrustee | 50 | $0 |
William B Wechtel Treasurer | OfficerTrustee | 10 | $0 |
Verna Jennings Cleveland Secretary | OfficerTrustee | 10 | $0 |
Martin Luther King III Chairman | OfficerTrustee | 50 | $0 |
Jeh C Johnson Member | Trustee | 2 | $0 |
Eric N Gioia Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $320,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,500 |
| Total Program Service Revenue | $0 |
| 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 | $325,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,000 |
| 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 | $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 | $145,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $45,372 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,804 |
| 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 | $1,641 |
| All other expenses | $4,257 |
| Total functional expenses | $306,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,793 |
| 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 | $33,989 |
| Total assets | $143,782 |
| Accounts payable and accrued expenses | $14,589 |
| 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 | $14,589 |
| Net assets without donor restrictions | $129,193 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $143,782 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Drum Major Institute Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Sixteen Thirty Fund Washington, DC PURPOSE: CAPACITY BUILDING | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
State Engagement Fund Raleigh, NC | $3,992,375 | $7,875,633 |
State Chartered Credit Unions In Florida West Palm Beach, FL | $152,179,877 | $3,866,461 |
Florida International Bankers Association Inc Fiba Miami, FL | $2,194,903 | $3,357,810 |
First Choice Community Cu Knoxville, TN | $47,507,286 | $1,528,915 |
Protect Our Power Inc Orlando, FL | $44,843 | $1,166,585 |
Foundation For Americas Families Inc West Palm Beach, FL | $432,901 | $1,124,400 |
Coupon Information Corp Naples, FL | $1,362,850 | $708,255 |
Circle Of Brotherhood Miami, FL | $645,949 | $1,115,573 |
Textbook & Academic Authors Association Inc St Petersburg, FL | $1,855,184 | $847,167 |
Florida Alliance For Civic Engagement Inc Homestead, FL | $89,205 | $624,550 |
Thrive Regional Partnership Inc Chattanooga, TN | $851,540 | $827,075 |
Second Chance Initiative Inc Boca Raton, FL | $193,054 | $383,123 |