Majority Rising NC

EIN: 874783603 Public & Societal Benefit

Cary, NC

Total Revenue
$1,489,100
Total Expenses
$490,813
Total Assets
$1,106,257
Net Assets
$1,049,202
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NC
Principal Officer
Mack Paul
Phone
9193918316
Tax Period
2023-01-01 to 2023-12-31

Majority Rising NC, founded in 2022, is a community nonprofit in the Public & Societal Benefit sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $998K, a strong 67% operating margin.

Mission

Majority Rising's purpose is to engage in educational and advocacy activities to promote policies that advance sustainable economic development and growth. It will educate North Carolina residents about policies that support economic development and growth in North Carolina, strong public education at all levels, and other issues essential to the lives of North Carolinians.

Program Service Accomplishments

Program 1
Expenses: $140,204

Research and Surveys: The organization conducted public opinion research through focus groups and public opinion polling to better understand how North Carolinians viewed key issues. These findings...

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Research and Surveys: The organization conducted public opinion research through focus groups and public opinion polling to better understand how North Carolinians viewed key issues. These findings were used to further public policy development as well as how the organization messages to the public at-large.

Program 2
Expenses: $94,500

Events: The organization held four public policy conferences and one two-day summit that brought together community leaders, policymakers, businesses, and advocates to exchange ideas and learnings. A...

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Events: The organization held four public policy conferences and one two-day summit that brought together community leaders, policymakers, businesses, and advocates to exchange ideas and learnings. A number of issues were discussed including health care, public education, workforce development, and democracy.

Program 3
Expenses: $55,000

Support to Ally Organizations: The organization chose to make general support grants to ally organizations. These organizations are engaged in meaningful work that aligns with the mission of Majority...

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Support to Ally Organizations: The organization chose to make general support grants to ally organizations. These organizations are engaged in meaningful work that aligns with the mission of Majority Rising NC and are deemed worthy of receiving support.

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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 $1,489,100
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,489,100

Expense Breakdown

Grants Paid $55,000
Salaries & Benefits $129,320
Fundraising Expenses $76,439
Program Expenses $333,955
Other Expenses $267,622
TOTAL EXPENSES $490,813

Year-over-Year Comparison

2023 2022 Change
Revenue $1,489,100 $2,799,077 -0.5%
Expenses $490,813 $2,748,162 -0.8%
Net Income $998,287 $50,915 +18.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
10

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
4
$107,640
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ian Shannon Executive Dir. 45.00
Officer
$103,292 $4,348 $107,640
Margaret Dickson Board Member 2.00
Director
$0 $0 $0
Page Gardner Board Member 2.00
Director
$0 $0 $0
Reggie Love Board Treasurer 2.00
Officer Director
$0 $0 $0
Mack Paul Board Chair 3.00
Officer Director
$0 $0 $0
Shawna Williams Board Secretary 2.00
Officer 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 No data No data No data No data
2023 $1,489,100 $490,813 $1,106,257 $998,287
2022 $2,799,077 $2,748,162 $73,072 $50,915
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