2025-10-28T10:43:15-05:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2024-01-01 131998814 NAACP FOUNDATION NAAC 4105805777 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 P BIANCA DOMALLY CFO 4105805777 2025-10-28 1 0 MARY TORRETTA P00847851 7038477500 2024 2025-03-06 01:10:19Z DERRICK JOHNSON 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 5654967 0 X NAACP.ORG/ABOUT/LEADERSHIP-STAFF/NAACP-FOUNDATION X 1964 MD THE NAACP FOUNDATION SUPPORTS THE MISSION OF NAACP BY RAISING FUNDS AND PROMOTING PHILANTHROPY TO SUSTAIN CIVIL RIGHTS AND SOCIAL JUSTICE ADVOCACY. 40 40 0 100 0 0 816045 994625 0 0 425867 488533 0 0 1241912 1483158 0 727002 0 0 0 87117 0 0 87117 188938 101799 188938 915918 1052974 567240 13390268 14877842 55615 36306 13334653 14841536 X SEE SCHEDULE O 0 0 727002 727002 0 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. 727002 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 40 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WI WY X P BIANCA DOMALLY 4105805777 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 THOMAS KALAHAR TREASURER 2.00 1.00 X X 0 0 0 DR DWAYNE PROCTOR CHAIRMAN 2.00 1.00 X X 0 0 0 CELOIS STEELE VICE CHAIRMAN 2.00 1.00 X X 0 0 0 LIVINGSTON ALBRITTEN JR FOUNDATION TRUSTEE (AS OF 02/24) 1.00 0.00 X 0 0 0 PAMELA ALEXANDER FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 DR JOHN ARRADONDO FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 MAYA BERMINGHAM FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 LORI GEORGE BILLINGSLEY FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 RAQUEL BONE FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 ZAFAR BROOKS FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 BRITTNEY CALLOWAY FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 KENNETH E DOBSON FOUNDATION TRUSTEE (AS OF 02/24) 1.00 0.00 X 0 0 0 ANGELA DORN FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 ZEPHANII SMITH EISENSTAT FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 NA ENG FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 ED FOSTER-SIMEON FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 YUSUF GEORGE FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 DR GARTH GRAHAM FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 JAMES HARRIS FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 CHRISTINA HOLLENBACK FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 JANA HOLT FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 JANICE BRYANT HOWROYD FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 FEDRICK INGRAM FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 SARITA JAMES FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 ANTOINETTE BROCK JOHNSON FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 OTHO KERR FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 SHAZZIA KHAN FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 TANYA LEAH LOMBARD FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 BARBARA MARCIN FOUNDATION TRUSTEE (AS OF 02/24) 1.00 0.00 X 0 0 0 NATE MILES FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 REV KEITH NORMAN FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 CHUKWUNDI ONIKE FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 JOHN SPINNATO FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 DOUG THORNELL FOUNDATION TRUSTEE (AS OF 02/24) 1.00 0.00 X 0 0 0 TONYA VEASEY FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 DONNELL WHITE FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 LACHANDRA WHITE FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 NICHOLAS WIGGINS FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 YOLANDA EGLAND WILSON FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 CAROLE YOUNG FOUNDATION TRUSTEE 1.00 0.00 X 0 0 0 DERRICK JOHNSON NAACP PRESIDENT/CEO 1.00 41.00 X 0 828305 62613 JANETTE MCCARTHY-WALLACE GENERAL COUNSEL/SECRETARY 1.00 41.00 X 0 320600 44314 JUNKO KOBAYASHI INTERIM CFO (THRU 07/24) 1.00 41.00 X 0 254905 41686 P BIANCA DOMALLY CFO (AS OF 07/24) 1.00 41.00 X 0 131733 22988 0 1535543 171601 0 0 1 0 0 994625 994625 398253 398253 4262089 4171809 90280 90280 90280 1483158 0 0 488533 727002 727002 87117 87117 411 411 86438 86438 313 313 4062 4062 TAXES & REGISTRATION 10575 10575 915918 727002 101799 87117 729370 733517 305938 0 8095 11497023 13228316 881419 185925 282456 416051 13390268 14877842 55615 17015 19291 55615 36306 X 7424128 8134730 5910525 6706806 13334653 14841536 13390268 14877842 567240 939643 0 X 0 1 X 1 0 X 5394812 1306994 6122731 816045 994625 14635207 5394812 1306994 6122731 816045 994625 14635207 4698088 9937119 34210 336741 161545 415882 398253 1346631 2113781 2113781 18095619 0.54910 0.82600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 2,113,781. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5476537 700346 39278 6137605 5186311 300526 10300 5476537 0.00000 1.00000 0.00000 0 0 0 X 2336363 939643 939643 1396720 86438 86438 1483158 829480 0 829480 86438 86438 915918 PART V, LINE 4: THE NAACP FOUNDATION ENDOWMENT WAS CREATED TO PROVIDE FOR THE LONG-TERM FINANCIAL GOALS AND MISSION OF NAACP. PART X, LINE 2: FIN 48 FOOTNOTE THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN OTHER-THAN-PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), ACCOUNTING STANDARDS CODIFICATION 740, INCOME TAXES (ASC 740). ASC 740 REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITION AS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF DECEMBER 31, 2024, MANAGEMENT HAS ASSESSED ITS VARIOUS TAX POSITIONS AND IT BELIEVES THERE ARE NO LIABILITIES FOR UNCERTAIN TAX POSITIONS. 1 NAACP EMPOWERMENT PROGRAMS INC 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 131084135 501(C)(3) 727002 0 GENERAL SUPPORT 1 0 PART I, LINE 2: APPLICATIONS, GRANT AGREEMENTS AND GRANTEE REPORTS ARE MAINTAINED IN THE ASSOCIATION'S DATABASE AND PAYMENTS ALONG WITH GRANT AGREEMENTS ARE MAINTAINED IN THE ACCOUNTS PAYABLE SYSTEM. THE ASSOCIATION DETERMINES THE ELIGIBILITY OF THE RECIPIENT DURING THE GRANT APPLICATION PROCESS AND SELECTION CRITERIA IS BASED ON THE PROGRAMMATIC IMPACT THAT WILL DRIVE THE ASSOCIATION'S DESIRED OUTCOMES. 0 0 0 0 0 0 0 0 0 DERRICK JOHNSON NAACP PRESIDENT/CEO 0 457986 0 0 0 370319 0 18270 0 44343 0 890918 0 0 JANETTE MCCARTHY-WALLACE GENERAL COUNSEL/SECRETARY 0 320600 0 0 0 0 0 10766 0 33548 0 364914 0 0 JUNKO KOBAYASHI INTERIM CFO (THRU 07/24) 0 254905 0 0 0 0 0 14703 0 26983 0 296591 0 0 P BIANCA DOMALLY CFO (AS OF 07/24) 0 131733 0 0 0 0 0 4113 0 18875 0 154721 0 0 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 FORM 990, PART III, LINE 1 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. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S EXTERNAL ACCOUNTING FIRM. UPON COMPLETION, IT IS REVIEWED BY THE CFO AND AUDIT COMMITTEE. THE FORM 990 IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICE OF THE GENERAL COUNSEL SHALL PREPARE, FOR APPROVAL BY THE NAACP AUDIT COMMITTEE, A FORM OF DISCLOSURE STATEMENT TO BE COMPLETED BY EACH DIRECTOR, TRUSTEE, OFFICER, EMPLOYEE, AND/OR BOARD COMMITTEE MEMBER NO LESS FREQUENTLY THAN ON A BI- ANNUAL (EVERY TWO YEAR) BASIS AND/OR BEFORE THE REPRESENTATIVE ENGAGES OR ENTERS INTO ANY ACTIVITY, ACTION, OR RELATIONSHIP THAT GIVES RISE TO A CONFLICT OR POTENTIAL CONFLICT. THE OFFICE OF THE GENERAL COUNSEL SHALL REVIEW AND RETAIN EACH COMPLETED DISCLOSURE STATEMENT FOR THE POTENTIAL OF CONFLICTS. THE OFFICE OF THE GENERAL COUNSEL SHALL REPORT PROMPTLY TO THE CHAIR OF THE NAACP AUDIT COMMITTEE IN WRITING ANY MATERIAL CONFLICTS IDENTIFIED IN THAT REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE OFFICERS OF NAACP FOUNDATION ARE COMPENSATED BY A RELATED ORGANIZATION, NAACP EMPOWERMENT PROGRAMS, INC., WHICH HAS PROCESSES IN PLACE TO ENSURE THAT SUCH COMPENSATION IS REASONABLE. NAACP FOUNDATION DOES NOT HAVE ANY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. NAACP EMPOWERMENT PROGRAMS INC 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 131084135 HUMAN AND CIVIL RIGHTS MD 501(C)(3) LINE 7 NAACP 0 NATIONAL ASSOCIATION FOR THE ADVANCEMENT OF COLORED PEOPLE 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 384108034 HUMAN AND CIVIL RIGHTS MD 501(C)(4) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 NAACP EMPOWERMENT PROGRAMS INC B 727002 FMV NAACP EMPOWERMENT PROGRAMS INC O 87117 SEE SUPPLEMENTAL INFO PART V, LINE 2: FOR SHARED STAFF AND SUPPORTING SERVICES, THE AMOUNT DUE TO EPI IS CALCULATED BASED ON ALLOCATED HEADCOUNT THAT EACH EMPLOYEE DEVOTED TO NAACP MATTERS USING BASELINE CALCULATION THAT IS PERIODICALLY REVIEWED AND ADJUSTED AS NEEDED.