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Nonprofiteer
← NAACP FOUNDATION

Form 990 for tax year 2024

Filed by NAACP FOUNDATION.

Totals

Total revenue
$1,483,158
Total expenses
$915,918
Contributions and grants received
$994,625
Grants paid
$727,002
Program service revenue
$0
Investment income
$488,533
Other revenue
$0
Total assets, end of year
$14,877,842
Total liabilities, end of year
$36,306
Net assets or fund balances, end of year
$14,841,536
Program services expenses (Part IX)
$727,002
Management and general expenses
$101,799
Fundraising expenses
$87,117
Program service expenses (Part III)
$727,002

Program services were 79.4% 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

    $994,625

  • 3 · Investment income

    total $398,253 · excluded $398,253

  • 7a · Gross sales of assets other than inventory

    securities $4,262,089

  • 7b · Less cost or other basis and sales expenses

    securities $4,171,809

  • 7c · Gain or loss

    securities $90,280

  • 7d · Net gain or loss

    total $90,280 · excluded $90,280

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $727,002 · program services $727,002

  • 7 · Other salaries and wages

    total $87,117 · fundraising $87,117

  • 11b · Fees: legal

    total $411 · management and general $411

  • 11f · Fees: investment management

    total $86,438 · management and general $86,438

  • 13 · Office expenses

    total $313 · management and general $313

  • 14 · Information technology

    total $4,062 · management and general $4,062

  • 24a · Other expenses: TAXES & REGISTRATION

    total $10,575 · management and general $10,575

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $729,370 · end of year $733,517

  • 2 · Savings and temporary cash investments

    end of year $305,938

  • 4 · Accounts receivable

    beginning of year $0 · end of year $8,095

  • 11 · Investments: publicly traded securities

    beginning of year $11,497,023 · end of year $13,228,316

  • 12 · Investments: other securities

    beginning of year $881,419 · end of year $185,925

  • 15 · Other assets

    beginning of year $282,456 · end of year $416,051

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,615 · end of year $17,015

  • 18 · Grants payable

    end of year $19,291

  • 27 · Net assets without donor restrictions

    beginning of year $7,424,128 · end of year $8,134,730

  • 28 · Net assets with donor restrictions

    beginning of year $5,910,525 · end of year $6,706,806

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE NAACP FOUNDATION SUPPORTS THE MISSION OF NAACP BY RAISING FUNDS AND PROMOTING PHILANTHROPY TO SUSTAIN CIVIL RIGHTS AND SOCIAL JUSTICE ADVOCACY.

  • THE NAACP FOUNDATION SUPPORTS OUR CIVIL RIGHTS AND SOCIAL JUSTICE WORK BY RAISING FUNDS AND PROMOTING PHILANTHROPY. THE FOUNDATION BOARD OVERSEES OUR ENDOWMENT, GENERATING ESSENTIAL SUPPORT FOR NAACP'S EFFORTS. THE FOUNDATION MANAGES DONOR CONTRIBUTIONS TO OUR SCHOLARSHIP FUND, PROVIDING STUDENTS WITH THE MOST ADVANCED EDUCATIONAL OPPORTUNITIES. THE CONTRIBUTION TO EPI, REPORTED ON PART IX, LINE 1, IS IN SUPPORT OF THE ABOVE ACTIVITIES.

    Expenses $727,002 · Grants $727,002

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • THOMAS KALAHAR

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • DR DWAYNE PROCTOR

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • CELOIS STEELE

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • LIVINGSTON ALBRITTEN JR

    FOUNDATION TRUSTEE (AS OF 02/24)

    Total calculated
    $0
    Hours/week
    1
  • PAMELA ALEXANDER

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DR JOHN ARRADONDO

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MAYA BERMINGHAM

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LORI GEORGE BILLINGSLEY

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RAQUEL BONE

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ZAFAR BROOKS

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BRITTNEY CALLOWAY

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • KENNETH E DOBSON

    FOUNDATION TRUSTEE (AS OF 02/24)

    Total calculated
    $0
    Hours/week
    1
  • ANGELA DORN

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ZEPHANII SMITH EISENSTAT

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • NA ENG

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ED FOSTER-SIMEON

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • YUSUF GEORGE

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DR GARTH GRAHAM

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JAMES HARRIS

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CHRISTINA HOLLENBACK

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JANA HOLT

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JANICE BRYANT HOWROYD

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • FEDRICK INGRAM

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SARITA JAMES

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ANTOINETTE BROCK JOHNSON

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • OTHO KERR

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SHAZZIA KHAN

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TANYA LEAH LOMBARD

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BARBARA MARCIN

    FOUNDATION TRUSTEE (AS OF 02/24)

    Total calculated
    $0
    Hours/week
    1
  • NATE MILES

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • REV KEITH NORMAN

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CHUKWUNDI ONIKE

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JOHN SPINNATO

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DOUG THORNELL

    FOUNDATION TRUSTEE (AS OF 02/24)

    Total calculated
    $0
    Hours/week
    1
  • TONYA VEASEY

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DONNELL WHITE

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LACHANDRA WHITE

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • NICHOLAS WIGGINS

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • YOLANDA EGLAND WILSON

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CAROLE YOUNG

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DERRICK JOHNSON

    NAACP PRESIDENT/CEO

    Total calculated
    $890,918
    From this org
    $0
    From related orgs
    $828,305
    Other
    $62,613
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $457,986 related
    Bonus
    $0
    Other
    $0 + $370,319 related
    Deferred
    $0 + $18,270 related
    Nontaxable benefits
    $0 + $44,343 related
    Filer's total
    $0 + $890,918 related
  • JANETTE MCCARTHY-WALLACE

    GENERAL COUNSEL/SECRETARY

    Total calculated
    $364,914
    From this org
    $0
    From related orgs
    $320,600
    Other
    $44,314
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,600 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,766 related
    Nontaxable benefits
    $0 + $33,548 related
    Filer's total
    $0 + $364,914 related
  • JUNKO KOBAYASHI

    INTERIM CFO (THRU 07/24)

    Total calculated
    $296,591
    From this org
    $0
    From related orgs
    $254,905
    Other
    $41,686
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,905 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,703 related
    Nontaxable benefits
    $0 + $26,983 related
    Filer's total
    $0 + $296,591 related
  • P BIANCA DOMALLY

    CFO (AS OF 07/24)

    Total calculated
    $154,721
    From this org
    $0
    From related orgs
    $131,733
    Other
    $22,988
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,733 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,113 related
    Nontaxable benefits
    $0 + $18,875 related
    Filer's total
    $0 + $154,721 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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S CEO IS COMPENSATED BY A RELATED ORGANIZATION, NAACP EMPOWERMENT PROGRAMS INC ("EPI"). EPI USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - COMPENSATION STUDY - APPROVAL BY THE BOARD

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202543019349300749

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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