Floyd Family Center for Social Equity

Nonprofit profile at a glance

EIN
851967142
IRS 990-EZ coverage
2022–2025
Forms available
Form 990-EZ 2025, Form 990-N 2020
Location
Raleigh, NC, USA
Phone
9196123792
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Youth Development Programs

Official website

Reported finances

Revenue
$5,283
Expenses
$14,137
Assets
$23,650
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • THOMAS MCLAURIN (PRESIDENT)

People named in this filing

  • THOMAS MCLAURIN (PRESIDENT)
  • SHEILA GREEN (SECRETARY)
  • ROGER FLOYD (TREASURER/CHIEF IMPACT OFFICER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The george floyd memorial center inc was started by the family of george floyd, who was murdered in may of 2020. His family wanted to create a legacy that will honor the man and also be a continuous giving source in order to honor his heart. The organization will provide higher education scholarships, promote the arts and promote youth leadership development.

What it reported doing in 2025

For the 5th anniversary of george floyd's death, co-founder roger floyd traveled to raeford, n.c and interviewed with local journalist akilah davis at the site of the second homegoing service in North Carolina for geroge. The topic was "what has changed in five years in the arena of social justice." co-founder thomas mclauren traveled to ann arbor, Michigan to be on a social justice panel entitled "racism in america."we also established a forum to discuss the possibility of creating a documentary entitled "we are the change." we are rebranding and establishing next steps to focus our approach for the documentary around mental health advocacy (how the death of george impacts lives).we are establishing conversations with mental health professionals to setup interviews for the documentary. Production companies are being identified.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 46% for direct work, and 54% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 82
  • Sustainability: 35
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 86.6%; rating input score 87

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -167.6%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 1.67; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 17.4% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: -50.9% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -15.9% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 86.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $12K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.