2024-11-12T12:07:22-05:00 2023-12-31 521094722 BERT SMITH & CO 1090 VERMONT AVE NW STE 920 WASHINGTON DC 200052125 990 2023-01-01 131998814 NAACP FOUNDATION NAAC 4105805777 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 P BIANCA DOMALLY 2024 CFO 4105805777 2024-11-04 false STEPHANIE LANE CPA P00606886 2023935600 2024-11-12 2023 2024-10-15 13:58:12Z DERRICK JOHNSON 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 1241912 false X WWW.NAACP.ORG X MD 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 NAACPS EFFORTS. THE FOUNDATION MANAGES DONOR CONTRIBUTIONS TO OUR SCHOLARSHIP FUND, PROVIDING STUDENTS WITH THE MOST ADVANCED EDUCATIONAL OPPORTUNITIES. 38 38 0 100 0 6122731 816045 0 -761733 425867 0 5360998 1241912 0 0 0 0 99747 177544 188938 177544 188938 5183454 1052974 12636751 13390268 1167721 55615 11469030 13334653 X 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 NAACPS EFFORTS. THE FOUNDATION MANAGES DONOR CONTRIBUTIONS TO OUR SCHOLARSHIP FUND, PROVIDING STUDENTS WITH THE MOST ADVANCED EDUCATIONAL OPPORTUNITIES. false false 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 NAACPS EFFORTS. THE FOUNDATION MANAGES DONOR CONTRIBUTIONS TO OUR SCHOLARSHIP FUND, PROVIDING STUDENTS WITH THE MOST ADVANCED EDUCATIONAL OPPORTUNITIES. true true false false false false false false false false false false true false false true true true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 2 0 0 false false false false false false false false X 38 38 false false false false false false false true true false false true true true true true true true false false MD X X NAACP 4105805777 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 DERRICK JOHNSON NAACP PRESID 40.00 X 0 841356 18195 JANETTE MCCARTHY-WALLACE GENERAL COUN 40.00 X 0 306982 12113 JUNKO KOBAYASHI 2023 INTERIM 40.00 X 0 233125 13987 PAMELA ALEXANDER FOUNDATION T 1.00 X 0 0 0 DR JOHN ARRADONDO FOUNDATION T 1.00 X 0 0 0 MAYA BERMINGHAM FOUNDATION T 1.00 X 0 0 0 LORI GEORGE BILLINGSLEY FOUNDATION T 1.00 X 0 0 0 RAQUEL BONE FOUNDATION T 1.00 X 0 0 0 ZAFAR BROOKS FOUNDATION T 1.00 X 0 0 0 BRITTNEY CALLOWAY FOUNDATION T 1.00 X 0 0 0 ANGELA DORN FOUNDATION T 1.00 X 0 0 0 ZEPHANII SMITH EISENSTAT FOUNDATION T 1.00 X 0 0 0 NA ENG FOUNDATION T 1.00 X 0 0 0 ED FOSTER-SIMEON FOUNDATION T 1.00 X 0 0 0 YUSUF GEORGE FOUNDATION T 1.00 X 0 0 0 DR GARTH GRAHAM FOUNDATION T 1.00 X 0 0 0 JAMES HARRIS FOUNDATION T 1.00 X 0 0 0 CHRISTINA HOLLENBACK FOUNDATION T 1.00 X 0 0 0 JANA HOLT FOUNDATION T 1.00 X 0 0 0 JANICE BRYANT HOWROYD FOUNDATION T 1.00 X 0 0 0 FEDRICK INGRAM FOUNDATION T 1.00 X 0 0 0 SARITA JAMES FOUNDATION T 1.00 X 0 0 0 ANTOINETTE BROCK JOHNSON FOUNDATION T 1.00 X 0 0 0 THOMAS KALAHAR TREASURER 2.00 X X 0 0 0 OTHO KERR FOUNDATION T 1.00 X 0 0 0 SHAZZIA KHAN FOUNDATION T 1.00 X 0 0 0 TANYA LEAH LOMBARD FOUNDATION T 1.00 X 0 0 0 NATE MILES FOUNDATION T 1.00 X 0 0 0 REV KEITH NORMAN FOUNDATION T 1.00 X 0 0 0 CHUKWUNDI ONIKE FOUNDATION T 1.00 X 0 0 0 DR DWAYNE PROCTOR CHAIRMAN 2.00 X X 0 0 0 STEPHANIE SILVERMAN FOUNDATION T 1.00 X 0 0 0 JOHN SPINNATO FOUNDATION T 1.00 X 0 0 0 CELOIS STEELE VICE CHAIRMA 2.00 X X 0 0 0 TONYA VEASEY FOUNDATION T 1.00 X 0 0 0 DONNELL WHITE FOUNDATION T 1.00 X 0 0 0 LACHANDRA WHITE FOUNDATION T 1.00 X 0 0 0 NICHOLAS WIGGINS FOUNDATION T 1.00 X 0 0 0 YOLANDA EGLAND WILSON FOUNDATION T 1.00 X 0 0 0 CAROLE YOUNG FOUNDATIONTR 1.00 X 0 0 0 1381463 44295 false true false 816045 816045 415881 408596 7285 9986 9986 9986 9986 1241912 418582 7285 X 54882 54882 13310 13310 3502 3502 NAACP ALLOCATED PERSONNEL 79878 79878 NAACP ALLOCATED INDIRECT 37366 17497 19869 188938 0 89191 99747 1421932 729370 20010 11194809 12378442 282456 12636751 13390268 16398 55615 1151323 1167721 55615 X 6069246 7424128 5399784 5910525 11469030 13334653 12636751 13390268 1052974 812649 X false true X true false X 1042656 5394812 1306994 6122731 816045 14683238 1042656 5394812 1306994 6122731 816045 14683238 14683238 26996 34210 336741 161545 415882 975374 4260 2113781 2118041 17776653 551246 0.82600 0.84110 X PART II, LINE 10 OTHER INCOME 2,118,041 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED MUTUAL FUNDS 10329690 F FIXED INCOME 1167333 F MONEY MARKET FUNDS 881419 F 12378442 X 2054561 812649 812649 1241912 1241912 188938 188938 188938 SCHEDULE D, PAGE 3, PART X 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, 2023, MANAGEMENT HAS ASSESSED ITS VARIOUS TAX POSITIONS AND IT BELIEVES THERE ARE NO LIABILITIES FOR UNCERTAIN TAX POSITIONS. false false false false false false false false false DERRICK JOHNSON NAACP PRESIDENT/CEO 476831 364525 18195 859551 JANETTE MCCARTHY-WALLACE GENERAL COUNSEL/SECY 306982 12113 319095 JUNKO KOBAYASHI 2023 INTERIM CFO 233125 13987 247112 SCHEDULE J, PAGE 1, PART I, LINE 3 SEE SCHEDULE O FOR FURTHER EXPLANATION. FORM 990 - ORGANIZATION'S MISSION 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 NAACPS EFFORTS. THE FOUNDATION MANAGES DONOR CONTRIBUTIONS TO OUR SCHOLARSHIP FUND, PROVIDING STUDENTS WITH THE MOST ADVANCED EDUCATIONAL OPPORTUNITIES. FORM 990, PAGE 6, PART VI, LINE 11B THE NAACP'S BOARD OF DIRECTOR AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990 PRIOR TO THE SUBMISSION TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C NAACP'S OFFICE OF GENERAL COUNSEL REVIEWS THE CONFLICT OF INTEREST STATEMENTS AND MONITORS COMPLIANCE WITH THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A DECISIONS INVOLVING COMPENSATION OF THE NAACP PRESIDENT AND CEO ARE MADE BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THE NAACP PRESIDENT AND CEO MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G BANK FEES 0 54,882 0 NAACP EMPOWERMENT PROGRAMS INC 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 131084135 MD 3 7 N/A false NAACP 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 384108034 MD 4 7 N/A false false false false false false false false false false false false false false true true false false false false NAACP EMPOWERMENT PROGRAMS INC N 37366 SEE SUPPLEMENTAL INFO. NAACP EMPOWERMENT PROGRAMS INC O 79878 SEE SUPPEMENTAL INFO SCHEDULE R NATIONAL ASSOCIATION FOR THE ADVANCEMENT OF COLORED PEOPLE "NAACP" SHARES CERTAIN RESOURCES (STAFF TIME, FACILITIES, EQUIPMENT) WITH ITS SECTION 501 (C)(3) AFFILIATE, NAACP EMPOWERMENT PROGRAMS, INC. PURSUANT TO A COST SHARING ARRANGEMENT. EACH ENTITY COVERS ITS PROPORTIONATE SHARE OF THE COST BASED ON ACTUAL USAGE WITH PREPAYMENTS MADE BY NAACP TO NAACP EMPOWERMENT PROGRAMS, INC. FOR SHARED STAFF, THE AMOUNT DUE TO EPI IS CALCULATED PERIODICALLY BASED ON THE ESTIMATED PERCENTAGE OF WORKING TIME THAT EACH EMPLOYEE DEVOTED TO NAACP MATTERS USING A BASELINE CALCULATION THAT IS PERIODICALLY ADJUSTED. NAACP MAKES MULTIPLE PREPAYMENTS AND REVIEWS THE PREPAYMENT BALANCE ON A QUARTERLY BASIS TO ENSURE THAT THE PREPAYMENTS ARE GREATER THAN ITS SHARE OF PERSONNEL COSTS ON A QUARTERLY BASIS. THE AMOUNTS CALCULATED ARE DEDUCTED FROM THE PREPAYMENTS MADE. FOR SHARED FACILITIES AND GENERAL ADMINISTRATIVE COSTS USAGE, EPI CALCULATES NAACP'S PROPORTIONATE SHARE OF COSTS PERIODICALLY, BASED ON RELATIVE OCCUPANCY OR USAGE AND REDUCES THE AMOUNT FROM NAACP'S PREPAYMENT. NAACP FOUNDATION ALSO SHARES CERTAIN RESOURCES WITH NAACP EMPOWERMENT PROGRAMS, INC. IT FOLLOWS THE SAME PRINCIPLES OF COST CALCULATIONS AND ADJUSTMENTS. NAACP FOUNDATION MAKES PAYMENTS PERIODICALLY AND CURRENTLY HAS AN OUTSTANDING AMOUNT OWING TO EPI.