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GEORGE FLOYD COMMUNITY BENEVOLENCE FUND

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Public IRS 990 nonprofit record

GEORGE FLOYD COMMUNITY BENEVOLENCE FUND

EIN 87-1734939 · Private Grantmaking Foundations (T20)

What they do

The Ward 8 Community Benevolence Fund, Previously Known As The George Floyd Community Benevolence Fund, Was Founded By A One-time Payment Of$500,000 That Was Paid By The City of Minneapolis As Part of The $27Million Dollar Payment for The Death of George Floyd. The Purpose Ofthe Fund Was to Give Effect to The Settlement, Which Included A Desiredgoal of Benefitting Businesses That Served The Community Where GeorgeFloyd Was Murdered, Many of Which Were Severely Impacted In The Wake OfCOVID 19 and Georges Murder.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $98.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders9 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

1,450,974.19%of revenue went to mission work98.9% of expenses · Program services
$302,300.00spent for every $100 of revenueSpending was higher than revenue this year.
16,712.90%of revenue went to management and office costs1.1% of expenses
$3.44in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $9,066 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$31
Mission workProgram services$449,8021,450,974.19% of revenue98.9% of expenses
ManagementOffice and general costs$5,18116,712.90% of revenue1.1% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$454,9831,467,687.10% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 98.9% mission · 1.1% management · 0.0% fundraisingTotal expenses: 1,467,687.10% of revenue
2023Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 0.95% of revenue

Money in and money out

Revenue$3
Expenses$9,069
Annual shortfall $9,066 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$449,802 · 4,959.8% of expenses
This source amount exceeds total expenses; compare the filing details carefully.
Management and office costs$5,181 · 57.1% of expenses
See all reported dollar amounts
Revenue$3
Expenses$9,069
Assets$31,229
Income$3
Mission work (program services)$449,802
Grants given$449,802
Average grant$28,113
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (9)

BEN CRUMPDIRECTOR

JEFFREY STORMSPRESIDENT

JENNIFER MCGUFFINSECRETARY

LISA BRABBITDIRECTOR

ROXIE WASHINGTONDIRECTOR

SCOTT REDDDIRECTOR

TERRENCE FLOYDVICE PRESIDENT

UZODIMA FRANK ABU-ONUDIRECTOR

UZOMA OBASITREASURER

About this charity

Recognized since
January 2023
Location
222 S 9TH ST STE 470, MINNEAPOLIS, MN 55402-3389
County
Hennepin
In care of
% JEFFREY STORMS
Primary officer
Jeffrey Storms, President

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990EZ
Tax preparer
ABDO LLP
NTEE classification
Private Grantmaking Foundations (T20)
IRS tax category
Private Grantmaking Foundations
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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