Fair Future NC

EIN: 843038674

Raleigh, NC

Total Revenue
$3,070,030
Total Expenses
$3,016,402
Total Assets
$88,567
Net Assets
$88,567
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NC
Principal Officer
Keith Mason
Phone
2529457156
Tax Period
2024-01-01 to 2024-12-31

Fair Future NC, founded in 2019, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 2141% from the prior year, signaling strong growth momentum.

Mission

Fair Future NC seeks to create a new environment by educating North Carolinians about the intersection of their financial priorities and state-level economics. Fair Future NC focuses on popular and needed economic priorities that resonate with North Carolinians and particularly middle and working class people. We focus on controlling the cost of healthcare, affordable childcare, winning tax fairness and expanding access to community college.

Program Service Accomplishments

Program 1
Expenses: $2,910,582 Revenue: $0

In 2024, Fair Future NC funded grassroots organizations and supported a multi-layered communications approach to amplify Black voices and increase civic engagement. We worked to empower and amplify...

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In 2024, Fair Future NC funded grassroots organizations and supported a multi-layered communications approach to amplify Black voices and increase civic engagement. We worked to empower and amplify Black voices to effect change. We will partner with local leaders and community activists to build an organizational culture that prioritizes diversity, equality and inclusion and treats everyone with dignity and respect.

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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 $3,070,030
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,070,030

Expense Breakdown

Grants Paid $1,050,000
Salaries & Benefits $64,534
Fundraising Expenses $0
Program Expenses $2,910,582
Other Expenses $1,901,868
TOTAL EXPENSES $3,016,402

Year-over-Year Comparison

2024 2023 Change
Revenue $3,070,030 $137,000 +21.4%
Expenses $3,016,402 N/A N/A
Net Income $53,628 $137,000 -0.6%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
1
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
$55,823
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Mason Executive Director 40
Officer
$55,823 $0 $55,823
Andy Ball Board Chair 0.1
Director
$0 $0 $0
Dustin Ingalls Board Member 0.1
Director
$0 $0 $0
Chaz Beasley Board Member 0.1
Director
$0 $0 $0
Tammy Brunner Board Member 0.1
Director
$0 $0 $0
Larry D Hall Board Member 0.1
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 $3,070,030 $3,016,402 $88,567 $53,628
2021 $240,000 $239,797 $96,807 $203
2020 $1,594,824 $1,783,380 $96,604 $-188,556
2019 $329,860 $44,700 $285,160 $285,160
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