George Floyd Community Benevolence Fund
Nonprofit profile at a glance
- EIN
- 871734939
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990 2023, Form 990-EZ 2025
- Location
- Minneapolis, MN, USA
- Phone
- 6124557055
- Rating confidence
- Limited
- Sector
- Private Grantmaking Foundations
Reported finances
- Revenue
- $0
- Expenses
- $31,229
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Jeffrey Storms (President)
- Terrence Floyd (Vice President)
People named in this filing
- Uzodima Frank Abu-Onu (Director)
- Roxie Washington (Director)
- Lisa Brabbit (Director)
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
As part of the Settlement regarding George Floyd's death, the Fund received $500,000 from the City of Minneapolis to make grants primarily to businesses, community organizations, and 501(c)(3) organizations near where Mr Floyd was murdered
What it reported doing in 2025
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 $27 million dollar payment for the death of George Floyd. The purpose of the Fund was to give effect to the settlement, which included a desired goal of benefiting businesses that served the community where George Floyd was murdered, many of which were severely impacted in the wake of COVID 19 and George's murder.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 75.3%; rating input score 75
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: -120% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -105.5% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 75.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $24K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 16 filed related-organization links
- 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: Total-asset coverage ratio scored 3/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.