Civic Intelligence

George Floyd Community Benevolence Fund

EIN 87-1734939 • 501(c)3 • Minneapolis, MN

Profile

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

222 S Ninth St Ste 470 470Minneapolis, MN 55402

theward8fund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

1st percentile

-302200%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

29th percentile

-22%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-90%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$31,229

Down $9,066 (-22%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$31,229

Down $9,066 (-22%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin1st percentile

Revenue

Down

$3

Down $28 (-90%) from 2023

Expenses

Down

$9,069

Down $445,914 (-98%) from 2023

Net Income

Up

-$9,066

Up $445,886 (+98%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2022: $495,247Liabilities 2022: $0Net Assets 2022: $495,2472022Assets 2023: $40,295Liabilities 2023: $0Net Assets 2023: $40,2952023Assets 2024: $31,229Liabilities 2024: $0Net Assets 2024: $31,2292024

Highlighted filing

2024

Assets$31,229
Liabilities$0
Net Assets$31,229
Open 2024 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2022: $500,001Expenses 2022: $4,754Net Income 2022: $495,2472022Revenue 2023: $31Expenses 2023: $454,983Net Income 2023: -$454,9522023Revenue 2024: $3Expenses 2024: $9,069Net Income 2024: -$9,0662024

Highlighted filing

2024

Revenue$3
Expenses$9,069
Net Income-$9,066
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,229
Liabilities
$0
Net assets
$31,229
Revenue
$3
Expenses
$9,069
Net income
-$9,066
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.00$0.09$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.00$0.40$0.00$4.55$4.55
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.95$0.00$4.95$5.00$0.05$4.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 16, 2025
Return Version
2024v5.2
Gross Receipts
$3
Mission and Program 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

Program Services

DescriptionGrantsExpenses
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 $27Million Dollar payment for the death of George Floyd. The purpose ofthe Fund was to give effect to the settlement, which included a desiredgoal of benefitting businesses that served the community where GeorgeFloyd was murdered, many of which were severely impacted in the wake ofCOVID 19 and George's murder.$0$0
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Uzodima Frank Abu-OnuDirector-$0--
Roxie WashingtonDirector-$0--
Lisa BrabbitDirector-$0--
Ben CrumpDirector-$0--
Scott ReddDirector-$0--
Jeffrey StormsPresident-$0--
Jennifer McGuffinSecretary-$0--
Terrence FloydVice President-$0--
Uzoma ObasiTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
George Floyd Community Benevolence Fund
EIN
87-1734939
Phone
6124557055
Address
222 S Ninth St Ste 470 470, Minneapolis, MN 55402

Signing Officer

Name
Jeffrey Storms
Title
President
Phone
6124557055
Signed
2025-10-16
Discuss with paid preparer
Yes

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

“Description: Interest. Amount: 3.”

Raw XML Appendix162 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Ben Crump
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Scott Redd
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Jeffrey Storms
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Jennifer McGuffin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Terrence Floyd
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0As 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
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The 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 $27Million Dollar payment for the death of George Floyd. The purpose ofthe Fund was to give effect to the settlement, which included a desiredgoal of benefitting businesses that served the community where GeorgeFloyd was murdered, many of which were severely impacted in the wake ofCOVID 19 and George's murder.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest. Amount: 3.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeffrey Storms
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06124557055
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0George Floyd Community Benevolence Fund
ReturnHeader/Filer/BusinessNameControlTxt0GEOR
ReturnHeader/Filer/EIN0871734939
ReturnHeader/Filer/PhoneNum06124557055
ReturnHeader/Filer/USAddress/AddressLine1Txt0222 S Ninth St Ste 470 470
ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055402
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Abdo LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05201 Eden Ave Ste 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Edina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055436
ReturnHeader/PreparerPersonGrp/PhoneNum09528359090
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven D Anseth CPA
ReturnHeader/ReturnTs02025-10-16T14:15:10-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.