Majority Rising Nc
- Assets
- $1.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Cary, NC
- Founding
- Data as of
- 12/2023
- EIN
- 87-4783603
Organization Overview
Majority Rising Nc is located in Cary, NC. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Majority Rising NC 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 12/2023, Majority Rising NC generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $490.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (57.7%) per year over the past 2 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BUILD MAJORITY SUPPORT FOR PUBLIC POLICIES THAT CREATE PROSPERITY AND OPPORTUNITY FOR ALL NORTH CAROLINIANS. THROUGH EDUCATION AND CIVIC ENGAGEMENT, WE SEEK A FAIR AND JUST SOCIETY WHERE EVERYONE CAN SHAPE OUR COLLECTIVE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Shannon Executive Dir. | Officer | 45 | $103,292 |
Margaret Dickson Board Member | Trustee | 2 | $0 |
Page Gardner Board Member | Trustee | 2 | $0 |
Reggie Love Board Treasurer | OfficerTrustee | 2 | $0 |
Mack Paul Board Chair | OfficerTrustee | 3 | $0 |
Shawna Williams Board Secretary | OfficerTrustee | 2 | $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 | $1,489,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,489,100 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,489,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,000 |
| 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. | $107,640 |
| Compensation of current officers, directors, key employees. | $21,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,411 |
| Payroll taxes | $9,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,819 |
| Fees for services: Accounting | $21,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $38,871 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,070 |
| Advertising and promotion | $44,064 |
| Office expenses | $3,711 |
| Information technology | $1,834 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,849 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,500 |
| Insurance | $6,876 |
| All other expenses | $0 |
| Total functional expenses | $490,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $791,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $290,000 |
| 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 | $16,579 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,000 |
| Other assets | $2,100 |
| Total assets | $1,106,257 |
| Accounts payable and accrued expenses | $57,055 |
| 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 | $0 |
| Total liabilities | $57,055 |
| Net assets without donor restrictions | $769,202 |
| Net assets with donor restrictions | $280,000 |
| 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 | $1,106,257 |
Grants Awarded
Over the last fiscal year, Majority Rising Nc has awarded $55,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILIES UNITED FOR NC VALUES PURPOSE: general support grant | $35,000 |
THE DEMOCRACY PROJECT II PURPOSE: general support grant | $20,000 |