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Nonprofiteer
← SPLC ACTION FUND

Form 990 for tax year 2024

Filed by SPLC ACTION FUND.

Totals

Total revenue
$2,906,726
Total expenses
$2,961,097
Contributions and grants received
$2,692,172
Grants paid
$0
Program service revenue
$0
Investment income
$214,554
Other revenue
$0
Total assets, end of year
$6,869,065
Total liabilities, end of year
$11,588
Net assets or fund balances, end of year
$6,857,477
Program services expenses (Part IX)
$2,155,859
Management and general expenses
$391,679
Fundraising expenses
$413,559
Program service expenses (Part III)
$2,155,859

Program services were 72.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,000,000

  • 1f · All other contributions, gifts and grants

    $1,692,172

  • 3 · Investment income

    total $214,554 · excluded $214,554

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $35,674 · program services $22,832 · management and general $11,576 · fundraising $1,266

  • 7 · Other salaries and wages

    total $342,672 · program services $177,320 · management and general $35,972 · fundraising $129,380

  • 8 · Pension plan contributions

    total $33,374 · program services $17,270 · management and general $3,503 · fundraising $12,601

  • 9 · Other employee benefits

    total $57,788 · program services $29,903 · management and general $6,066 · fundraising $21,819

  • 10 · Payroll taxes

    total $27,003 · program services $13,973 · management and general $2,835 · fundraising $10,195

  • 11b · Fees: legal

    total $69,855 · management and general $69,855

  • 11c · Fees: accounting

    total $14,237 · management and general $14,237

  • 11d · Fees: lobbying

    total $1,501,787 · program services $1,501,787

  • 11e · Fees: professional fundraising services

    total $57,698 · fundraising $57,698

  • 11g · Fees: other

    total $31,501 · management and general $31,501

  • 13 · Office expenses

    total $6,694 · program services $3,522 · management and general $809 · fundraising $2,363

  • 16 · Occupancy

    total $30,156 · program services $15,868 · management and general $3,643 · fundraising $10,645

  • 17 · Travel

    total $53,085 · program services $8,890 · management and general $38,231 · fundraising $5,964

  • 19 · Conferences, conventions and meetings

    total $1,118 · program services $588 · management and general $135 · fundraising $395

  • 22 · Depreciation, depletion and amortization

    total $16,661 · program services $8,767 · management and general $2,013 · fundraising $5,881

  • 23 · Insurance

    total $12,178 · program services $6,408 · management and general $1,471 · fundraising $4,299

  • 24a · Other expenses: DEVELOPMENT COSTS

    total $619,633 · program services $298,748 · management and general $169,832 · fundraising $151,053

  • 24b · Other expenses: EDUC. PUB. AND PROGRAMS

    total $49,983 · program services $49,983

  • 26 · Joint costs (an allocation of the lines above)

    total $602,510 · program services $295,013 · management and general $168,703 · fundraising $138,794

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $184,681 · end of year $170,745

  • 2 · Savings and temporary cash investments

    beginning of year $6,522,833 · end of year $6,386,328

  • 3 · Pledges and grants receivable

    end of year $150,000

  • 4 · Accounts receivable

    beginning of year $26,472 · end of year $26,272

  • 9 · Prepaid expenses and deferred charges

    beginning of year $247,920 · end of year $135,720

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,058 · end of year $11,588

  • 27 · Net assets without donor restrictions

    beginning of year $6,911,848 · end of year $6,707,477

  • 28 · Net assets with donor restrictions

    end of year $150,000

Mission and programs · 2024

Mission

SPLC ACTION FUND IS A CATALYST FOR RACIAL JUSTICE IN THE SOUTH AND BEYOND, WORKING IN PARTNERSHIP WITH COMMUNITIES TO DISMANTLE WHITE SUPREMACY, STRENGTHEN INTERSECTIONAL MOVEMENTS, AND ADVANCE THE HUMAN RIGHTS OF ALL PEOPLE.

  • THE ACTION FUND IS COMMITTED TO STRENGTHENING THE POLITICAL, ECONOMIC, AND SOCIAL POWER OF BLACK AND BROWN COMMUNITIES IN THE SOUTH. THE ACTION FUND'S WORK IS ROOTED IN THE SOUTH WHERE THE COMMUNITIES ARE MOST PROFOUNDLY AFFECTED BY WHITE SUPREMACY. LOBBYING TO FIGHT LEGISLATIVE BATTLES AT EVERY LEVEL OF GOVERNMENT IS ONE TOOL THE ACTION FUND USES TO HELP INCREASE POWER AND CAPACITY FOR A MULTI-RACIAL, INCLUSIVE DEMOCRACY. SINCE ITS FORMATION, THE ACTION FUND HAS USED THIS INITIATIVE WHILE PURSUING ITS MISSION TO BE A CATALYST FOR RACIAL JUSTICE IN THE SOUTH AND BEYOND, USING GRASSROOTS ORGANIZING, AND OTHER FORMS OF ADVOCACY THEY ARE WORKING IN PARTNERSHIP WITH COMMUNITIES TO DISMANTLE THE WHITE SUPREMACY, STRENGTHEN INTERSECTIONAL MOVEMENTS, AND ADVANCE THE HUMAN RIGHTS OF ALL PEOPLE.

    Expenses $2,155,859

As filed on the 2024 return.

Listed in Part VII

  • Andrea Mercado

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nse Ufot

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rakim Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alan Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashley Shelton

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Charles Taylor Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margaret Huang

    PRESIDENT/CEO

    Total calculated
    $530,740
    From this org
    $0
    From related orgs
    $472,573
    Other
    $58,167
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $472,573 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $58,167 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $530,740 related

  • Bryan Fair

    INTERIM PRESIDENT/CEO (AS OF 07/14/25)

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Seth Levi

    CHIEF PROGRAM STRATEGY OFFICER

    Total calculated
    $297,761
    From this org
    $0
    From related orgs
    $260,365
    Other
    $37,396
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,365 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,396 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $297,761 related

  • Erika Mitchell

    EVP-CHIEF OPERATING OFFICER

    Total calculated
    $311,864
    From this org
    $0
    From related orgs
    $262,069
    Other
    $49,795
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,069 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $49,795 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $311,864 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SOUTHERN POVERTY LAW CENTER

    501(C)(3) · LEGAL AND EDUCATION ADVOCACY · AL

  • NEW SOUTHERN LEADERS PAC

    527 · POLITICAL ACTION COMMITTEE · GA

  • NEW SOUTHERN MAJORITY IE PAC

    527 · POLITICAL ACTION COMMITTEE · GA

Provenance

Return type
form_990
Tax year
2024
Filed
6 April 2026
IRS schema version
2024v5.5
Source object
202600969349300620

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