What the amendment changed
Compared with the return it replaced , filed 2 May 2024 — the latest of 2 it replaced. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Those are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $1,794,317
- Total expenses
- $1,585,103
- Contributions and grants received
- $1,794,212
- Grants paid
- $0
- Program service revenue
- $105
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,013,420
- Total liabilities, end of year
- $736,565
- Net assets or fund balances, end of year
- $1,276,855
- Program services expenses (Part IX)
- $976,936
- Management and general expenses
- $331,786
- Fundraising expenses
- $276,381
- Program service expenses (Part III)
- $976,936
Program services were 61.6% 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.
-
1f · All other contributions, gifts and grants
$1,794,212
-
2a · Program service revenue: OTHER REVENUE
total $105 · related or exempt $105
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $602,855 · program services $406,658 · management and general $129,179 · fundraising $67,018
-
9 · Other employee benefits
total $47,069 · program services $31,536 · management and general $10,355 · fundraising $5,178
-
10 · Payroll taxes
total $30,122 · program services $20,182 · management and general $6,627 · fundraising $3,313
-
11c · Fees: accounting
total $16,500 · management and general $16,500
-
11e · Fees: professional fundraising services
total $176,890 · fundraising $176,890
-
11g · Fees: other
total $37,938 · program services $25,298 · management and general $12,418 · fundraising $222
-
13 · Office expenses
total $17,185 · program services $210 · management and general $16,975
-
14 · Information technology
total $11,146 · management and general $11,146
-
16 · Occupancy
total $66,544 · management and general $66,544
-
17 · Travel
total $30,473 · management and general $30,473
-
23 · Insurance
total $3,011 · management and general $3,011
-
24a · Other expenses: PROGRAM EXPENSES
total $493,052 · program services $493,052
-
24b · Other expenses: LICENSE AND FEE
total $23,760 · fundraising $23,760
-
24c · Other expenses: STORAGE
total $15,163 · management and general $15,163
-
24d · Other expenses: BANK SERVICE CHARGE
total $6,950 · management and general $6,950
-
24e · All other expenses
total $6,445 · management and general $6,445
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,401,102 · end of year $1,683,171
-
3 · Pledges and grants receivable
beginning of year $440,000 · end of year $285,000
-
15 · Other assets
end of year $45,249
-
17 · Accounts payable and accrued expenses
beginning of year $567,573 · end of year $439,270
-
19 · Deferred revenue
beginning of year $100,000 · end of year $210,000
-
24 · Unsecured notes and loans payable
beginning of year $105,888 · end of year $41,502
-
25 · Other liabilities
end of year $45,793
-
27 · Net assets without donor restrictions
beginning of year $1,067,641 · end of year $1,276,855
Mission and programs · 2022
Mission
THE MEMORIAL FOUNDATION'S MISSION IS TO PROMOTE AWARENESS OF THE MARTIN LUTHER KING JR. MEMORIAL LOCATED IN WASHINGTON,D.C. AND THE TENETS OF DEMOCRACY; CREATE INNOVATIVE EDUCATIONAL PROGRAMS; PROVIDE OPPORTUNITIES FOR MEANINGFUL EXCHANGE OF IDEAS;HONOR INDIVIDUALS WHO IMPLEMENT THE FOUR TENTS; AND TO ENCOURAGE TRAFFIC TO AN UPKEEP OF THE MARTIN LUTHER KING JR. MEMORIAL
Activities or mission (Part I)
THE MEMORIAL FOUNDATION MISSION IS TO PROMOTE AWARENESS OF THE MARTIN LUTHER KING JR. MEMORIAL LOCATED IN WASHINGTON,D.C. AND ITS TENETS OF DEMOCRACY, JUSTICE, HOPE, AND LOVE AS WELL AS TO SUPPORT THE GENERAL UPKEEP OF THE MEMORIAL IN FUTURE YEARS. THE MEMORIAL FOUNDATION WILL ACHIEVE ITS MISSION BY CREATING INNOVATIVE EDUCATIONAL PROGRAMS.
-
THE MEMORIAL FOUNDATION PLANNED, ORGANIZED, AND HOSTED SEVERAL EVENTS AND PROGRAMS TO PROMOTE AWARENESS OF THE MARTIN LUTHER KING MEMORIAL AND ITS IMPORTANCES IN AMERICAN HISTORY AND THE EDUCATION OF THE CIVIL RIGHTS ERA.
Expenses $976,936 · Revenue $105
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Harry JohnsonHARRY JOHNSON
PRESIDENT AN
- Total calculated
- $421,786
- From this org
- $421,786
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $421,786
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $421,786
-
Michael BennettMICHAEL BENNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ken BentsenKEN BENTSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe BinesJOE BINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Zafar BrooksZAFAR BROOKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
La Davia DraneLA DAVIA DRANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris JahrlingCHRIS JAHRLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rev Joe Ratliff JrREV JOE RATLIFF JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
William PickardWILLIAM PICKARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rita SampsonRITA SAMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Angela ShippyANGELA SHIPPY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Guy VickersGUY VICKERS
BOARD CHAIRM
- Total calculated
- $0
- Hours/week
- 2
-
Larry YoungLARRY YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411419349301761
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