Drum Major Institute Inc
- Assets
- $190.8k
- Revenue
- $343.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Atlanta, GA
- Founding
- 12/1999
- Data as of
- 12/2022
- 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 12/2022, Drum Major Institute Inc generated $343.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $354.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 8 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
2022
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
SEVERAL EVENTS SUPPORTED THE ORGANIZATION MISSION 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:- MARTIN LUTHER KING, JR DAY - LEADING A COALITION OF MORE THAN 190 NATIONAL AND GRASSROOTS ORGANIZATIONS IN BOTH ARIZONA AND DC TO DELIVER THE URGENT CALL TO RETORE DEMOCRACY WHICH RESULTED IN AN ECHOING CALL ACROSS AMERICA FOR CONGRESS TO PASS VOTING RIGHTS LEGISLATION.- MARCH OF OUR LIVES - RALLY ON THE NATIONAL MALL CALLING FOR MEANINGFUL LEGISLATION TO END MASS SHOOTINGS IN SCHOOLS AND THE ERADICATION OF GUN VIOLENCE.- DRUM MAJOR COALITION - SIGNATURE INITIATIVE IN 2022 IDENTIFYING THE MARTIN LUTHER KING JR'S OF TODAY, INVESTING IN THE BEST BLACK AND BROWN LED ORGANIZATIONS AROUND THE COUNTRY, AND EMPOWERING MARGINALIZED COMMUNITIES TO BE THE CHANGE NEEDED IN THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William B Wechtel Treasurer | OfficerTrustee | 10 | $0 |
Martin Luther King III Chairman | OfficerTrustee | 50 | $0 |
Arndrea Waters King President | OfficerTrustee | 50 | $87,500 |
Verna Jennings Cleveland Secretary | OfficerTrustee | 10 | $0 |
Jeh C Johnson Member | Trustee | 2 | $0 |
Scott Rechler Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $35,325 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,800 |
| 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 | $343,800 |
| 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. | $87,500 |
| Compensation of current officers, directors, key employees. | $87,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,656 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $599 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,423 |
| Information technology | $7,906 |
| Royalties | $0 |
| Occupancy | $323 |
| Travel | $15,477 |
| 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 | $2,069 |
| All other expenses | $1,649 |
| Total functional expenses | $354,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,793 |
| 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 | $0 |
| Total assets | $190,793 |
| Accounts payable and accrued expenses | $36,972 |
| 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 | $35,325 |
| Total liabilities | $72,297 |
| Net assets without donor restrictions | $118,496 |
| 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 | $190,793 |