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← THE MEMORIAL FOUNDATION

Form 990 for tax year 2022

Filed by THE MEMORIAL FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 20 May 2024. 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.

Program services expenses
$889,158 changed to $976,936
Management and general expenses
$393,878 changed to $331,786
Fundraising expenses
$302,067 changed to $276,381
Program service expenses (Part III)
$889,158 changed to $976,936

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)
$889,158
Management and general expenses
$393,878
Fundraising expenses
$302,067
Program service expenses (Part III)
$889,158

Program services were 56.1% 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 $370,599 · management and general $131,061 · fundraising $101,195

  • 9 · Other employee benefits

    total $47,069 · management and general $47,069

  • 10 · Payroll taxes

    total $30,122 · management and general $30,122

  • 11e · Fees: professional fundraising services

    total $176,575 · fundraising $176,575

  • 11g · Fees: other

    total $58,596 · program services $5,381 · management and general $28,918 · fundraising $24,297

  • 13 · Office expenses

    total $15,486 · management and general $15,486

  • 14 · Information technology

    total $11,145 · management and general $11,145

  • 16 · Occupancy

    total $81,707 · management and general $81,707

  • 17 · Travel

    total $30,473 · management and general $30,473

  • 20 · Interest

    total $2,613 · management and general $2,613

  • 23 · Insurance

    total $3,011 · management and general $3,011

  • 24a · Other expenses: PROGRAM EXPENSES

    total $302,671 · program services $302,671

  • 24b · Other expenses: OTHER EVENT EXPENSES

    total $210,507 · program services $210,507

  • 24c · Other expenses: DATA PROCESSING

    total $6,445 · management and general $6,445

  • 24d · Other expenses: OTHER EXPENSES

    total $5,828 · management and general $5,828

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 $889,158

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Harry 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 Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ken Bentsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Joe Bines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Zafar Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • La Davia Drane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Jahrling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Joe Ratliff Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • William Pickard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rita Sampson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Angela Shippy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Guy Vickers

    BOARD CHAIRM

    Total calculated
    $0
    Hours/week
    2

  • Larry 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
12 October 2023
IRS schema version
2022v5.0
Source object
202302899349300530

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