Martin Luther King Jr Parade Foundation Inc

Nonprofit profile at a glance

EIN
251921911
IRS 990-EZ coverage
2014–2025
Forms available
Form 990 2019, Form 990-EZ 2025, Form 990-N 2014
Location
Houston, TX, USA
Phone
2814050006
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$94,430
Expenses
$80,674
Assets
$94,430
Liabilities
$87,674

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

Leadership & pay

6 people listed

Executive titles in this filing

  • Teresa Brewer (President)
  • James King (Vice President)

People named in this filing

  • Teresa Brewer (President)
  • James King (Vice President)
  • Thelma Scott (Parliamentarian)

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

Conduct MLK Parade 48th MLK Original Parade united with MLK Grande Parade to form the Unity Parade drew 40,000 spectators in Downtown Houston, and vendors were patronized by 300 customers at the MLK Festival. Hosted the first MLK Community Advocates for Social Podcast and Comedy Jam Event (78 persons in attendance.)

What it reported doing in 2025

Conducted 48th MLK Parade in Downtown Houston with the MLK Grande Parade to form the MLK Unity Parade. 40,000 spectators; over 100,00 views online

Operating model

Revenue model
Earned-program. 76% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 100
  • Sustainability: 54
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.3%; rating input score 73
  • Program expense ratio: 79.2%; rating input score 79

Transparency & Controls

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

Sustainability

  • Operating margin: 14.6%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 1.17; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.93; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -2.3% per year; rating input score 0; 41st percentile among comparable filings
  • Revenue growth: -16% per year; rating input score 0; 18th percentile among comparable filings
  • Asset growth: -15.3% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 73.3% of revenue deployed · 79.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $64K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2014 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.