The George Floyd Memorial Foundation is a nonprofit organization established to honor George Floyd and continue his legacy through social justice initiatives. The foundation’s financial health is solid, with a strong emphasis on contributions and program services to fund its activities. These include community support, educational programs, and various outreach efforts aimed at promoting racial equity and justice.
| Aspect | Details |
|---|---|
| Name | George Floyd Memorial Foundation |
| Type | Nonprofit Organization |
| Focus | Social Justice, Racial Equity, Community Support |
| Net Worth | Approximately $531,537 (as of the last financial reporting) |
| Major Income Sources | Contributions, Program Services |
| Contributions (2020) | $355,944 |
| Program Services Revenue | $450,900 |
| Total Revenue (2020) | $806,844 |
| Net Assets | $531,537 |
Estimation Of Net Worth
The George Floyd Memorial Foundation’s net worth is estimated at approximately $531,537. This figure represents the net assets of the organization, which is the difference between total assets and any liabilities the foundation might have. It is crucial for the foundation as it allows them to plan and execute various activities and initiatives that align with their mission.
Income Sources
The primary sources of income for the George Floyd Memorial Foundation are contributions and revenues from program services. Contributions made up about 44.1% of the total revenue, amounting to $355,944 in 2020. Program services, which include various community and educational initiatives, contributed 55.9% of the income, totaling $450,900. These financial resources support the foundation’s mission to promote social justice and provide community assistance.
Conclusion
The George Floyd Memorial Foundation plays a crucial role in advocating for racial justice and supporting communities. With a solid financial base and dedicated income streams from contributions and program services, the foundation is well-equipped to sustain and expand its impact. This financial health enables the foundation to continue George Floyd’s legacy through meaningful community engagement and advocacy efforts.