THE MEMORIAL FOUNDATION INC

EIN: 460758941 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$983,780
Total Expenses
$1,338,764
Total Assets
$1,035,555
Net Assets
$921,871
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DC
Principal Officer
HARRY JOHNSON SR
Phone
2027375420
Tax Period
2023-01-01 to 2023-12-31

THE MEMORIAL FOUNDATION INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $984K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 36% operating deficit.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $983,780
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $983,780

Expense Breakdown

Grants Paid $0
Salaries & Benefits $525,301
Fundraising Expenses $146,490
Program Expenses $893,439
Other Expenses $713,713
TOTAL EXPENSES $1,338,764

Year-over-Year Comparison

2023 2022 Change
Revenue $983,780 $1,794,317 -0.5%
Expenses $1,338,764 $1,585,103 -0.2%
Net Income $-354,984 $209,214 -2.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$649,604
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRY JOHNSON SR PRESIDENT AN 40.00
Officer
$622,604 $27,000 $649,604
JAMES SIMMONS FINANCE MANA 40.00
Highest
$103,476 $0 $103,476
MICHAEL BENNETT DIRECTOR 0.50
Director
$0 $0 $0
KEN BENTSEN DIRECTOR 0.50
Director
$0 $0 $0
JOE BINES DIRECTOR 0.50
Director
$0 $0 $0
ZAFAR BROOKS DIRECTOR 0.50
Director
$0 $0 $0
LA DAVIA DRANE DIRECTOR 0.50
Director
$0 $0 $0
CHRIS JAHRLING DIRECTOR 0.50
Director
$0 $0 $0
REV JOE RATLIFF JR DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM PICKARD DIRECTOR 0.50
Director
$0 $0 $0
RITA SAMPSON DIRECTOR 0.50
Director
$0 $0 $0
ANGELA SHIPPY DIRECTOR 0.50
Director
$0 $0 $0
GUY VICKERS BOARD CHAIRM 2.00
Officer Director
$0 $0 $0
LARRY YOUNG DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $983,780 $1,338,764 $1,035,555 $-354,984
2022 $1,794,317 $1,585,103 $2,013,420 $209,214
2022 $1,794,317 $1,585,103 $2,013,420 $209,214
2022 $1,794,317 $1,585,103 $2,013,420 $209,214
2021 $3,723,853 $2,403,739 $1,841,102 $1,320,114
2020 $1,264,620 $812,018 $557,728 $452,602
2019 $422,365 $691,827 $20,833 $-269,462
2018 $291,448 $653,097 $12,181 $-361,649
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