Advance North Carolina Inc
- Assets
- $1.9m
- Revenue
- $822.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-2740671
Organization Overview
Advance North Carolina Inc is located in Raleigh, NC. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advance North Carolina Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Advance North Carolina Inc generated $822.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $948.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD POLITICAL AND ECONOMIC POWER IN BLACK COMMUNITIES AND INSTITUTIONS IN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOTVIN 2021 ADVANCE CAROLINA USED A LARGE PORTION OF THE YEAR PREPARING VOTERS FOR THE VARIOUS CHANGES IN ELECTION ADMINISTRATION OF THE MUNICIPAL ELECTIONS. DUE TO THE IRREGULARITIES IN THE 2020 CENSUS, THERE WERE MAJOR CHALLENGES WITH FINALIZING THE DATES FOR MUNICIPAL ELECTIONS ACROSS THE STATE. ADVANCE CAROLINA SPECIFICALLY WORKED TO EDUCATE THESE RESIDENTS AND PRODUCED PRINT AND ONLINE MATERIALS TO ENSURE MISINFORMATION WAS NOT A THREAT TO TURNOUT.
COUNTY TABLE/PARTNER ORGANIZINGIN THE MIDST OF THE PANDEMIC THE FEDERAL RELEASE OF STIMULUS FUNDS PROVIDED RESOURCES FOR COMMUNITIES THAT HAVE TRADITIONALLY GONE OVERLOOKED. THE AMERICAN RESCUE PLAN IMPLEMENTATION VARIED COUNTY BY COUNTY AND WITH THAT CAME THE NECESSARY TO PRODUCE PROGRAMS WITH OUR PARTNER ORGANIZATIONS TO UNPACK THE PLAN. WE ALSO CONDUCTED EVENTS TO SUPPORT THE EXTENSION OF EVICTION MORATORIUMS.
ISSUE BASED ADVOCACYANOTHER WAY OF FULFILLING OUR PRIMARY PURPOSE AS AN ORGANIZATION TO ASSIST BLACK RESIDENTS ACROSS NORTH CAROLINA BY CONNECTING ISSUES IN THEIR COMMUNITY TO THE POLITICAL PROCESS. IN 2021 ADVANCE CAROLINA PRODUCED SEVERAL PROGRAMS TO HELP RESIDENTS UNDERSTAND THE POLITICAL CONTEXT AND ELECTED OFFICES THAT IMPACT THEIR EVERYDAY LIVES. IN 2021 THE ISSUES OF ENVIRONMENTAL RACISM, HEALTHCARE, HOUSINES, EDUCATION, CRIMINAL JUSTICE ARE RESEARCHED AND RESPONDED TO BY OUR ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Bass Executive Director | Officer | 40 | $55,569 |
Courtney Crowder Board Chairman | Trustee | 1 | $0 |
Sonia Barnes Board Member | Trustee | 0.5 | $0 |
Conen Morgan Board Member | Trustee | 0.5 | $0 |
Moses Mathews Board Member | Trustee | 0.5 | $0 |
Kara Hollingsworth Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $822,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $822,306 |
| Total Program Service Revenue | $0 |
| Investment income | $522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $822,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,569 |
| Compensation of current officers, directors, key employees. | $28,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,262 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,948 |
| Payroll taxes | $13,083 |
| Fees for services: Management | $82,485 |
| Fees for services: Legal | $70,337 |
| Fees for services: Accounting | $27,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $399,437 |
| Advertising and promotion | $56,158 |
| Office expenses | $57,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,000 |
| Travel | $2,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,604 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,448 |
| All other expenses | $0 |
| Total functional expenses | $948,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,869,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,869 |
| Total assets | $1,914,392 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,211 |
| Total liabilities | $17,211 |
| Net assets without donor restrictions | $2,174,665 |
| Net assets with donor restrictions | -$277,484 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,914,392 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Advance North Carolina Inc has recieved totaling $610,000.
| Awarding Organization | Amount |
|---|---|
Sixteen Thirty Fund Washington, DC PURPOSE: ENVIRONMENTAL PROGRAMS | $210,000 |
Way To Win Action Fund Incorporated Walnut, CA | | $150,000 |
Women Donors Network Action San Francisco, CA PURPOSE: GENERAL SUPPORT | $100,000 |
Energy Action Fund San Francisco, CA PURPOSE: TO SUPPORT CLEAN ENERGY POLICY ADVANCEMENT IN THE STATES. | $100,000 |
See Forward Fund Inc Northampton, MA PURPOSE: PROGRAMMATIC SUPPORT/LOBBYING | $35,000 |
Tides Advocacy San Francisco, CA PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Economic Development Partnership Of North Carolina Inc Raleigh, NC | $8,246,221 | $25,900,688 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
South Carolina I-77 Alliance Richburg, SC | $4,361,702 | $6,505,378 |