Advance North Carolina Inc

EIN: 472740671 Community Improvement

Raleigh, NC

Total Revenue
$1,580,606
Total Expenses
$1,267,410
Total Assets
$2,896,363
Net Assets
$2,002,377
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NC
Principal Officer
Marcus Bass
Phone
9198234900
Tax Period
2023-01-01 to 2023-12-31

Advance North Carolina Inc, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $313K, a strong 20% operating margin.

Mission

To build political and economic power in Black communities and institutions in North Carolina.

Program Service Accomplishments

Program 1
Expenses: $303,713

Organizing/GOTVIn 2023, we increased our focus and efforts on towards 365 year round organizing in an effort to increase Black voter turnout in targeted areas, regardless of how the maps were redrawn...

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Organizing/GOTVIn 2023, we increased our focus and efforts on towards 365 year round organizing in an effort to increase Black voter turnout in targeted areas, regardless of how the maps were redrawn as a result of the redistricting efforts. Our on the ground efforts and infrastructure laid during the midterms meant that we could spend less critical time building relationships and laying foundation but can instead utilize our resources to fortify and expand our programming to increase engagement and turnout. We are aligning our resources with strategy to grow Black political power by: Growing Membership: expand our County and Regional Leadership structures by enhancing our regular programming with county tables and regional sessions. Communicating with a local lens: narrow policy and issue communication to engage local voters through county and regional structures, developing local narratives around issues to aid programmatic offerings, with an emphasis in rural counties. Year round organizing: maintain our local physical presence in communities in 2023 and beyond by extending and expanding our Regional Organizing Harbors into new strategic counties, providing a pathway to consistent year-round physical presence across the state in community. Expanding volunteer base: increase the volunteer base by creating pathways of engagement through engaging local/state issues, engage neighborhoods and voters with sporadic voting history and holding regular events to engage the community. Targeting Voter Engagement: Expand our engagement with specific voter universes (ie. Black Men, Game Changers, Black Persuasion) to invite them to our many pathways of engagement.

Program 2
Expenses: $158,966

Issue Based Advocacy / Other Primary Purpose ProgrammingAnother way of fulfilling our primary purpose as an organization is toassist black residents across North Carolina by connecting issues intheir...

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Issue Based Advocacy / Other Primary Purpose ProgrammingAnother way of fulfilling our primary purpose as an organization is toassist black residents across North Carolina by connecting issues intheir community to the political process. In 2023 Advance Carolinaproduced several programs to help residents understand the politicalcontext and elected offices that impact their everyday lives. In 2023the issues of Environmental Racism, Healthcare, Homelessness, Education,Criminal Justice are researched and responded to by our organization. This hosts one of our signature programs.

Program 3
Expenses: $158,967

The North Carolina Black and Brown Policy Network (BBPN) was formed to address the need for change and equality for directly impacted people crying out for justice in the face of a COVID-19 global...

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The North Carolina Black and Brown Policy Network (BBPN) was formed to address the need for change and equality for directly impacted people crying out for justice in the face of a COVID-19 global pandemic. Today, our network speaks out in solidarity against a created construct of racism in all of its forms and its deadly consequences. As a network, we stand in alignment with all Black and Brown-led groups and organizations.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,569,099
Program Service Revenue $0
Investment Income $11,507
Other Revenue $0
TOTAL REVENUE $1,580,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $489,892
Fundraising Expenses $87,719
Program Expenses $621,646
Other Expenses $777,518
TOTAL EXPENSES $1,267,410

Year-over-Year Comparison

2023 2022 Change
Revenue $1,580,606 $1,758,556 -0.1%
Expenses $1,267,410 $1,978,388 -0.4%
Net Income $313,196 $-219,832 -2.4%
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
6
Independent Members
6
Employees
10
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
1
$69,205
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Courtney Crowder Board Chairman 1.00
Director
$0 $0 $0
Sonia Barnes Board Member 0.50
Director
$0 $0 $0
Conen Morgan Board Member 0.50
Director
$0 $0 $0
Viola Harris Board Member 0.50
Director
$0 $0 $0
Moses Mathews Board Member 0.50
Director
$0 $0 $0
Kara Hollingsworth Board Member 0.50
Director
$0 $0 $0
Erin Byrd Board Member 0.50
Director
$0 $0 $0
Marcus Bass Executive Director 40.00
Officer
$69,205 $0 $69,205
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
2024 No data No data No data No data
2023 $1,580,606 $1,267,410 $2,896,363 $313,196
2022 $1,758,556 $1,978,388 $2,651,578 $-219,832
2021 $822,828 $948,089 $1,914,392 $-125,261
2020 $3,386,511 $1,741,344 $2,127,978 $1,645,167
2019 $561,341 $356,626 $364,070 $204,715
2018 $423,848 $373,838 $156,934 $50,010
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