NATIONAL COALITION FOR COMMUNITY CAPITAL NC3

EIN: 824122089 501(c)(3) Education

DURHAM, NC

Total Revenue
$67,437
Total Expenses
$110,092
Total Assets
$103,792
Net Assets
$103,792
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
OR
Principal Officer
CHRIS MILLER
Phone
6035310830
Tax Period
2024-01-01 to 2024-12-31

NATIONAL COALITION FOR COMMUNITY CAPITAL NC3, founded in 2017, is a micro nonprofit in the Education sector that reported $67K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $110K exceeded revenue, resulting in a 63% operating deficit.

Mission

NC3s mission is to educate, activate and advocate for community capital. Community Capital is the broad engagement of community members in local investing.

Program Service Accomplishments

Program 1
Expenses: $71,402

For the year ended December 31, 2024 National Coalition for Community Capital-NC3 operated the following programs:1. Consulted with 20+ project teams developing community investment funds through...

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For the year ended December 31, 2024 National Coalition for Community Capital-NC3 operated the following programs:1. Consulted with 20+ project teams developing community investment funds through NC3s Accelerator program, which is a wrap-around program whereby NC3 brings relevant technical assistance to the table to support community-based project teams creating a real estate fund that will incorporate community capital as a funding source for their projects. 2. Worked to develop a curriculum for entrepreneurial support organizations to support those they work with integrating local investing into their capital raising strategies. 3. Planned an in-person, one-day conference for early 2025 for those interested in building community investment funds with guest presenters from around the country, a university partnership, and a renowned Keynote speaker. 4. Hosted a series of conversations with (1) the Practitioner's in our network to support their work with us to build funds and stimulate local investing, and (2) folks who are at various stages of working on community investment funds in their communities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $65,000
Program Service Revenue $2,354
Investment Income $83
Other Revenue $0
TOTAL REVENUE $67,437

Expense Breakdown

Grants Paid $24,500
Salaries & Benefits $71,753
Fundraising Expenses $8,062
Program Expenses $71,402
Other Expenses $13,839
TOTAL EXPENSES $110,092

Year-over-Year Comparison

2024 2023 Change
Revenue $67,437 $162,180 -0.6%
Expenses $110,092 $71,610 +0.5%
Net Income $-42,655 $90,570 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
12

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
3
$0
Total Directors
12
$63,646
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHARINE GILMAN Director of Ops 40.00
Director
$63,646 $0 $63,646
CHRIS MILLER Chairman 2.00
Officer Director
$0 $0 $0
BRIAN BECKON Secretary 2.00
Officer Director
$0 $0 $0
ERIC DAVIS Treasurer 2.00
Officer Director
$0 $0 $0
PABLO BRAVO Director 1.00
Director
$0 $0 $0
MICA FISHER Director 1.00
Director
$0 $0 $0
ANGELA BARBASH Director 1.00
Director
$0 $0 $0
JENAN JONDY Director 0.00
Director
$0 $0 $0
KATE REDMAN Director 1.00
Director
$0 $0 $0
JUDITH BENKERT Director 1.00
Director
$0 $0 $0
TOPILTZIN GOMEZ Director 1.00
Director
$0 $0 $0
JACKIE KONEY Director 1.00
Director
$0 $0 $0
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 $67,437 $110,092 $103,792 $-42,655
2023 $162,180 $71,610 $146,447 $90,570
2022 $108,514 $96,032 $55,877 $12,482
2021 $148,752 $140,484 $43,395 $8,268
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