Form 990 for tax year 2023
Filed by GEORGE FLOYD COMMUNITY BENEVOLENCE FUND.
Totals
- Total revenue
- $31
- Total expenses
- $454,983
- Contributions and grants received
- $0
- Grants paid
- $449,802
- Program service revenue
- $0
- Investment income
- $31
- Other revenue
- $0
- Total assets, end of year
- $40,295
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $40,295
- Program services expenses (Part IX)
- $449,802
- Management and general expenses
- $5,181
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $449,802
Program services were 98.9% 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.
-
3 · Investment income
total $31 · excluded $31
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $449,802 · program services $449,802
-
11b · Fees: legal
total $3,736 · management and general $3,736
-
11g · Fees: other
total $439 · management and general $439
-
23 · Insurance
total $1,006 · management and general $1,006
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $495,247 · end of year $40,295
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $495,247 · end of year $40,295
Mission and programs · 2023
Mission
Withheld by Nonprofiteer: this text may name a private individual.
Activities or mission (Part I)
Withheld by Nonprofiteer: this text may name a private individual.
-
The Ward 8 Community Benevolence Fund, previously known as The George Floyd Community Benevolence Fund, was founded by a one-time payment of $500,000 that was paid by the City of Minneapolis as part of the $27 Million Dollar payment for the death of George Floyd. The purpose of the Fund was to give effect to the settlement, which included a desired goal of benefitting businesses that served the community where George Floyd was murdered, many of which were severely impacted in the wake of COVID 19 and George's murder. The Foundation issued $449,801.63 in grants in 2023, which included making grants to 16 different entities. Those grants were made to a variety of entities, included assistance with mental health counseling at a local Boys & Girls Club, a social-justice minded photography gallery in George Floyd Square, and a local car detailing business.
Expenses $449,802 · Grants $449,802
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Jennifer McGuffin
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Terrence Floyd
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Uzoma Obasi
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Uzodima Frank Abu-Onu
Director
- Total calculated
- $0
- Hours/week
- 1
-
Roxie Washington
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Brabbit
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ben Crump
Director
- Total calculated
- $0
- Hours/week
- 1
-
Scott Redd
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey Storms
President
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
Sincere Detailing Pros
$50,000
Grants to businesses, organizations, or 501(c)(3)'s near where Mr. Floyd was murdered.
-
$50,000
Grants to businesses, organizations, or 501(c)(3)'s near where Mr. Floyd was murdered.
-
Sheletta Makes Me Laugh
$42,974
Grants to businesses, organizations, or 501(c)(3)'s near where Mr. Floyd was murdered.
-
Chelle's Kitchen
$40,000
Grants to businesses, organizations, or 501(c)(3)'s near where Mr. Floyd was murdered.
-
$40,000
Grants to businesses, organizations, or 501(c)(3)'s near where Mr. Floyd was murdered.
-
$31,000
Grants to businesses, organizations, or 501(c)(3)'s near where Mr. Floyd was murdered.
-
Just Turkey
$28,328
Grants to businesses, organizations, or 501(c)(3)'s near where Mr. Floyd was murdered.
-
Dollar & Up
$28,000
Grants to businesses, organizations, or 501(c)(3)'s near where Mr. Floyd was murdered.
-
Mama Sheila's
$25,000
Grants to businesses, organizations, or 501(c)(3)'s near where Mr. Floyd was murdered.
-
$25,000
Grants to businesses, organizations, or 501(c)(3)'s near where Mr. Floyd was murdered.
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403129349303625
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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