DR MARY MCLEOD BETHUNE STATUARY FUND INC

EIN: 834246218 501(c)(3)

DAYTONA BEACH, FL

Total Revenue
$152,193
Total Expenses
$939,437
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
FL
Principal Officer
NANCY LOHMAN
Phone
3864411144
Tax Period
2022-01-01 to 2022-12-31

DR MARY MCLEOD BETHUNE STATUARY FUND INC, founded in 2018, is a small nonprofit that reported $152K in total revenue in fiscal year 2022. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $939K exceeded revenue, resulting in a 517% operating deficit.

Mission

OUR MISSION IS TO RAISE FUNDS FOR THE DESIGN, CREATION, AND INSTALLATION OF A MARBLE STATUE OF MARY MCLEOD BETHUNE TO BE DISPLAYED IN STATUARY HALL IN WASHINGTON, DC. SUBSEQUENT TO FORMATION OF THE ENTITY, THE BOARD OF DIRECTORS BROADENED THE ENTITY'S GOALS AND CONTRACTED FOR A BRONZE REPLICA OF THE STATUE TO BE PLACED IN A DAYTONA BEACH PUBLIC PARK, FACING THE UNIVERSITY MARY MCLEOD BETHUNE FOUNDED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $152,180
Program Service Revenue $0
Investment Income $13
Other Revenue $0
TOTAL REVENUE $152,193

Expense Breakdown

Grants Paid $649,274
Salaries & Benefits $0
Fundraising Expenses $286
Program Expenses $935,675
Other Expenses $290,163
TOTAL EXPENSES $939,437

Year-over-Year Comparison

2022 2021 Change
Revenue $152,193 $353,355 -0.6%
Expenses $939,437 $49,646 +17.9%
Net Income $-787,244 $303,709 -3.6%
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
16
Independent Members
16
Employees
N/A
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
3
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER ADAMS MEMBER N/A
Director
$0 $0 $0
JIM CAMERON MEMBER N/A
Director
$0 $0 $0
MICHELLE CARTER MEMBER N/A
Director
$0 $0 $0
NILDA COMAS MEMBER N/A
Director
$0 $0 $0
KATHY CROTTY MEMBER N/A
Director
$0 $0 $0
JOYCE CUSACK MEMBER N/A
Director
$0 $0 $0
DR LAWRENCE DRAKE MEMBER N/A
Director
$0 $0 $0
DANIELLE GARRETT MEMBER N/A
Director
$0 $0 $0
MARY GREENLEES TREASURER N/A
Officer Director
$0 $0 $0
MAYOR DERRICK HENRY MEMBER N/A
Director
$0 $0 $0
BOB LLOYD SECRETARY N/A
Officer Director
$0 $0 $0
SHERRI LLOYD MEMBER N/A
Director
$0 $0 $0
NANCY LOHMAN PRESIDENT N/A
Officer Director
$0 $0 $0
NELLIE LUPOLI MEMBER N/A
Director
$0 $0 $0
SHERRY PARAMORE MEMBER N/A
Director
$0 $0 $0
COUNCILWOMAN BILLIE WHEELER MEMBER N/A
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
2022 $152,193 $939,437 No data $-787,244
2021 $353,355 $49,646 $787,244 $303,709
2020 $487,558 $4,023 $483,535 $483,535
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