Civic Intelligence

MDC Inc.

990 • Fiscal year 2015 • EIN 56-0894222

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

Refreshing map…

307 West Main StreetDurham, NC 27701-3215

(919) 381-5802

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.19x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

61st percentile

0.19x

Higher debt load relative to revenue than 61% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

41st percentile

0.2%

Higher net margin than 41% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

92nd percentile

$228,128

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

75th percentile

12%

Faster asset growth than 75% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

-0.4%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,095,852

Up $438,802 (+12%) from 2014

Net Assets

Down

$3,320,549

Down $60,784 (-1.8%) from 2014

Liabilities

Up

$775,303

Up $499,586 (+181%) from 2014

Revenue

Down

$4,183,155

Down $16,818 (-0.4%) from 2014

Expenses

Down

$4,172,924

Down $177,859 (-4.1%) from 2014

Net Income

Up

$10,231

Up $161,041 (+107%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $19,345,472Liabilities 2011: $5,166,547Net Assets 2011: $14,178,9252011Assets 2012: $7,153,645Liabilities 2012: $774,811Net Assets 2012: $6,378,8342012Assets 2013: $3,717,010Liabilities 2013: $375,685Net Assets 2013: $3,341,3252013Assets 2014: $3,657,050Liabilities 2014: $275,717Net Assets 2014: $3,381,3332014Assets 2015: $4,095,852Liabilities 2015: $775,303Net Assets 2015: $3,320,5492015Assets 2016: $4,041,549Liabilities 2016: $537,465Net Assets 2016: $3,504,0842016Assets 2017: $2,899,233Liabilities 2017: $265,408Net Assets 2017: $2,633,8252017Assets 2018: $2,040,080Liabilities 2018: $340,140Net Assets 2018: $1,699,9402018Assets 2019: $2,933,343Liabilities 2019: $270,324Net Assets 2019: $2,663,0192019Assets 2020: $2,532,000Liabilities 2020: $725,145Net Assets 2020: $1,806,8552020Assets 2021: $4,444,816Liabilities 2021: $650,799Net Assets 2021: $3,794,0172021Assets 2022: $15,379,560Liabilities 2022: $1,959,895Net Assets 2022: $13,419,6652022Assets 2023: $16,821,754Liabilities 2023: $556,207Net Assets 2023: $16,265,5472023

Highlighted filing

2015

Assets$4,095,852
Liabilities$775,303
Net Assets$3,320,549

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2011: $9,661,347Expenses 2011: $10,148,753Net Income 2011: -$487,4062011Revenue 2012: $3,433,488Expenses 2012: $11,252,877Net Income 2012: -$7,819,3892012Revenue 2013: $2,495,768Expenses 2013: $5,619,494Net Income 2013: -$3,123,7262013Revenue 2014: $4,199,973Expenses 2014: $4,350,783Net Income 2014: -$150,8102014Revenue 2015: $4,183,155Expenses 2015: $4,172,924Net Income 2015: $10,2312015Revenue 2016: $4,105,334Expenses 2016: $3,881,596Net Income 2016: $223,7382016Revenue 2017: $2,704,926Expenses 2017: $3,678,695Net Income 2017: -$973,7692017Revenue 2018: $2,721,905Expenses 2018: $3,638,660Net Income 2018: -$916,7552018Revenue 2019: $4,290,372Expenses 2019: $3,104,838Net Income 2019: $1,185,5342019Revenue 2020: $2,729,932Expenses 2020: $3,470,043Net Income 2020: -$740,1112020Revenue 2021: $5,223,210Expenses 2021: $3,312,281Net Income 2021: $1,910,9292021Revenue 2022: $15,380,803Expenses 2022: $5,551,859Net Income 2022: $9,828,9442022Revenue 2023: $7,864,295Expenses 2023: $6,111,461Net Income 2023: $1,752,8342023

Highlighted filing

2015

Revenue$4,183,155
Expenses$4,172,924
Net Income$10,231
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$4,278,728
Mission and Program Overview

Mission

Mdc is a catalyst for equitable change in the south. We strengthen capacity, foster collaboration, and build influence to challenge systemic inequities and create communities where all people thrive. For more than five decades, mdc has advanced equity and equipped southern communities to address longstanding systemic challenges in education, employment, health, and wealth. We pursue this mission through three core areas of work that together accelerate systems change:research and analysismdc conducts rigorous research and analysis to understand the forces shaping opportunity and inequality across the south. We gather and interpret economic, demographic, and social data to tell the story of where the region stands and how it can move forward. Our landmark state of the south reports and related analyses provide the foundation for our work and guide strategies to achieve inclusive and equitable progress.continued on last page of sch o.

To help organizations and communities close the gaps that separate people from opportunity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$985,516$1,885,339▲ $899,823
Investments in Publicly Traded Securities$1,610,113$1,295,420▼ $314,693
Savings and Temporary Cash Investments$674,820$598,058▼ $76,762
Land, Buildings, and Equipment, Net$209,397$155,064▼ $54,333
Investments Other Securities$139,903$139,903→ $0
Prepaid Expenses and Deferred Charges$16,458$16,458→ $0
Accounts Receivable$19,610$3,832▼ $15,778
Cash and Non-Interest-Bearing Accounts$1,233$1,778▲ $545
Total Assets$3,657,050$4,095,852▲ $438,802
Liabilities
Accounts Payable and Accrued Expenses$275,717$775,303▲ $499,586
Total Liabilities$275,717$775,303▲ $499,586
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,999,553$1,968,268▼ $31,285
Unrestricted Net Assets$1,348,305$1,318,806▼ $29,499
Permanently Rstr Net Assets$33,475$33,475→ $0
Total Net Assets Fund Balance$3,381,333$3,320,549▼ $60,784
Total Liabilities and Net Assets / Fund Balance$3,657,050$4,095,852▲ $438,802

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$155,064$260,619$415,683
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David L DodsonPresidentFT$183,109$45,019$228,128
Ralph GildehausSenior Program DirectorFT$142,299$29,069$171,368
Bonnie GordonSenior Program DirectorFT$138,397$21,987$160,384
Terri SmithChief Financial OfficerFT$120,473$19,029$139,502
Richard HartDirector of CommunicationsFT$106,383$7,447$113,830

Board Members and Trustees

NameTitle
Otis S JohnsonChair
Anita Brown-grahamVice-chair
Cammie HauptfuhrerDirector
Cathy HillDirector
Donald MunroDirector
James a JospehDirector
John F BurnessDirector
Juan SepulvedaDirector
Justin D MaxsonDirector
Kate NielsenDirector
Richard MolpusDirector
Stephen BlackDirector
William R ZiglarSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Solutions For ProgressConsulting Services728 S BROAD STREET, Philadephia, PA 19146$375,143
307 W Main Street LLCManagement Company301 W MAIN STREET, Durham, NC 27701$277,567
-Consulting Services1604 WOODBURN ROAD, Durham, NC 27705$105,547
Revenue and Support

Revenue Composition

Contributions and Grants
$2,679,524
Program Service Revenue
$1,434,461
Investment Income
$44,263
Other Revenue
$24,907
All Other Contributions
$2,270,472
Change in Net Assets
$10,231

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,183,155
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$24,558
Total Revenue per Audited Statements
$4,207,713
Total Revenue per Form 990
$4,183,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,234,747
Other Expenses$1,938,177
Total Fundraising Expense$52,588
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,181,302$61,092-$1,242,394
Other Salaries and Wages$1,158,903$1,235$32,134$1,192,272
Current Officers, Directors, Trustees, and Key Employees$272,709$415,755$11,489$699,953
Occupancy-$271,457-$271,457
Payroll Taxes$163,024$46,779$5,201$215,004
Pension Plan Contributions$108,967$10,495$3,287$122,749
Office Expenses$18,289$58,143-$76,432
Travel$50,527$9,889-$60,416
Depreciation Depletion-$54,333-$54,333
Fees for Services Accounting-$30,800-$30,800
Fees for Services Legal-$15,605-$15,605
Other Employee Benefits$3,338$954$477$4,769
Conferences and Meetings$3,137--$3,137
Other Expenses$123,059$551-$551
Total Functional Expenses$3,083,255$1,037,081$52,588$4,172,924

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,268,497
Expenses per Audited Statements$4,172,924
Total Expenses per Form 990$4,172,924
Expenses Not Reported on Form 990$95,573
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 tax return is provided to all members of the mdc board of directors and is reviewed in detail by the finance and audit committee of the board of directors.

Form 990, Part VI, Section B, Line 15

An independent consultant is hired each year to provide benchmarking data for employee compensation and to assist the president and executive vice president in their annual internal equity assessment of the organization's salary structure. The consultant is asked to provide benchmark data which includes other non-profits that are comparable to mdc. The consultant uses data from the chronicle of philanthropy, discussions with organizations in the same field of work that mdc is engaged, various non-profit surveys from multiple sources, etc. Data from the outside consultant is shared with the ceo, executive vice president, and cfo. The cfo assists with trend data and recommendations for budgeted salary increases and thresholds. Regarding salary compensation for the president and executive vice president, the board of directors' executive committee reviews and recommends annual increases once a year at the spring board meeting.

Form 990, Part VI, Section C, Line 18

Mdc makes its 990 available to the public by making the following statements on its mdcinc.org website: "mdc's most recent irs form 990 is available on guidestar. Mdc's 990 is also available upon request by contacting terri smith, mdc's chief financial officer."

Form 990, Part VI, Section C, Line 19

Mdc's audited financial statements are available to individual donors, corporations, foundations, and others considering a gift or grant to mdc. Mdc's conflict of interest policy and governing documents are available to anyone upon request of its cfo, terri smith.

Filing and Contact Details

Filer

Filer Name
Mdc Inc
EIN
56-0894222
Phone
9193815802
Address
307 WEST MAIN STREET, DURHAM, NC 27701-3215

Signing Officer

Name
Terri Smith
Title
Chief Financial Officer
Phone
9193815802
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Dodson
Formed
1967
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
13
Employees
48
Volunteers
0

Preparer

Firm
Koonce Wooten & Haywood Llp
Address
P O BOX 17806, RALEIGH, NC 27619-7806
Preparer
H Lowell Oakley Jr
Phone
9197829265
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other: program service expenses 1,181,302. Management and general expenses 61,092. Fundraising expenses 0. Total expenses 1,242,394.

FORM 990, PART XII, LINE 2C:

The audit oversight process has not changed from the prior year.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses netted against rental income on form 990 stmt of revenue 95,573.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses netted against rental income on form 990 stmt of revenue 95,573.

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IRS990/Form990PartVIISectionAGrp/PersonNm10STEPHEN BLACK
IRS990/Form990PartVIISectionAGrp/PersonNm11CATHY HILL
IRS990/Form990PartVIISectionAGrp/PersonNm12KATE NIELSEN
IRS990/Form990PartVIISectionAGrp/PersonNm13JUAN SEPULVEDA
IRS990/Form990PartVIISectionAGrp/PersonNm14TERRI SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm15RICHARD HART
IRS990/Form990PartVIISectionAGrp/PersonNm16BONNIE GORDON
IRS990/Form990PartVIISectionAGrp/PersonNm17RALPH GILDEHAUS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9206109
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14120473
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15106383
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16142797
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17145392
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt16SENIOR PROGRAM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17SENIOR PROGRAM DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0409052
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossRentsGrp/RealAmt0120480
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt044263
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0139903
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0139903
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IRS990/IRPDocumentCnt016
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IRS990/LandBldgEquipCostOrOtherBssAmt0415683
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MDC (FORMERLY MANPOWER DEVELOPMENT CORP.) WAS FOUNDED IN 1967 TO HELP NORTH CAROLINA MAKE THE TRANSITION FROM AN AGRICULTURAL TO AN INDUSTRIAL ECONOMY AND FROM A SEGREGATED TO AN INTEGRATED WORKFORCE. IT HAS EVOLVED INTO A RESEARCH AND HANDS-ON PARTNER THAT HELPS ORGANIZATIONS AND COMMUNITIES CLOSE THE GAPS THAT SEPARATE PEOPLE FROM OPPORTUNITY. FOR NEARLY 50 YEARS, MDC HAS BEEN CLEARING THE PATHWAYS THAT LEAD TO OPPORTUNITY BY WORKING WITH FOUNDATIONS, NONPROFITS, AND COMMUNITY AND BUSINESS LEADERS, PRIMARILY IN THE SOUTH, TO CONNECT DISADVANTAGED PEOPLE WITH EDUCATION, EMPLOYMENT AND ECONOMIC SECURITY. WE CENTER OUR WORK ON BUILDING AND STRENGTHENING THE "INFRASTRUCTURE OF OPPORTUNITY"-THE SET OF SYSTEMS AND SUPPORTS OFTEN PRESENT IN MANY COMMUNITIES THAT, ONCE ALIGNED, CAN BOOST YOUNG PEOPLE TO HIGHER RUNGS ON THE ECONOMIC LADDER. BY LINKING COMMUNITY ENGAGEMENT AND SYSTEMS CHANGE, MDC ASPIRES TO CHANGE THE UNDERLYING CONDITIONS THAT CREATE INTER-GENERATIONAL POVERTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03381333
IRS990/NetAssetsOrFundBalancesEOYAmt03320549
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt024907
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt024907
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-71015
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0271457
IRS990/OccupancyGrp/TotalAmt0271457
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt058143
IRS990/OfficeExpensesGrp/ProgramServicesAmt018289
IRS990/OfficeExpensesGrp/TotalAmt076432
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0477
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0954
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03338
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04769
IRS990/OtherExpensesGrp/Desc0OTHER DIRECT COSTS
IRS990/OtherExpensesGrp/Desc1OTHER COSTS
IRS990/OtherExpensesGrp/Desc2STAFF TRAINING & DEVELO
IRS990/OtherExpensesGrp/Desc3OTHER ADMIN COSTS ALLOC
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt058519
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11474
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2551
IRS990/OtherExpensesGrp/ProgramServicesAmt0123059
IRS990/OtherExpensesGrp/TotalAmt0123059
IRS990/OtherExpensesGrp/TotalAmt158519
IRS990/OtherExpensesGrp/TotalAmt21474
IRS990/OtherExpensesGrp/TotalAmt3551
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt032134
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01235
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01158903
IRS990/OtherSalariesAndWagesGrp/TotalAmt01192272
IRS990/OtherWebsiteInd0X
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IRS990/PayrollTaxesGrp/FundraisingAmt05201
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt046779
IRS990/PayrollTaxesGrp/ProgramServicesAmt0163024
IRS990/PayrollTaxesGrp/TotalAmt0215004
IRS990/PensionPlanContributionsGrp/FundraisingAmt03287
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010495
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0108967
IRS990/PensionPlanContributionsGrp/TotalAmt0122749
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt033475
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt033475
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0985516
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01885339
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016458
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016458
IRS990/PrincipalOfficerNm0DAVID DODSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0RESEARCH CONTRACTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01434461
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01434461
IRS990/ProgSrvcAccomActy2Grp/Desc0WORK: MDC HAS NEARLY 50 YEARS OF EXPERIENCE IN WORKFORCE DEVELOPMENT AT THE LOCAL, STATE, REGIONAL, AND NATIONAL LEVELS, AND ITS CONSISTENT GOAL HAS BEEN TO REMOVE BARRIERS BETWEEN PEOPLE AND GOOD JOBS. IN NORTHEAST MISSISSIPPI, MDC IS WORKING WITH THE CREATE FOUNDATION-WHICH RECEIVED A $50 MILLION ENDOWMENT FROM THE TOYOTA WELLSPRING EDUCATION FUND-TO DESIGN AN INDUSTRY-FUNDED, TRI-COUNTY INITIATIVE TO BUILD A CAREER-READINESS SYSTEM ANCHORED IN K-12, CONNECTED TO POSTSECONDARY EDUCATION, AND ACCESSIBLE TO ALL STUDENTS TO SPUR LOCAL WORKFORCE DEVELOPMENT AND LIVING WAGE JOBS. IN NORTH CAROLINA, MDC IS WORKING WITH THE JOHN M. BELK ENDOWMENT TO CREATE DATA-BASED PORTRAITS OF MOBILITY, EDUCATIONAL PERSISTENCE, AND LIVING-WAGE EMPLOYMENT OPPORTUNITIES IN REGIONS ACROSS THE STATE TO PUT THEIR CONDITIONS IN CONTEXT AS LEADERS CONSIDER BUILDING THEIR INFRASTRUCTURE OF OPPORTUNITY. IN DANVILLE, VA., MDC IS HELPING THE DANVILLE REGIONAL FOUNDATION IMPROVE THE ECONOMIC PROSPERITY OF CITIZENS IN THREE COUNTIES IN SOUTHERN VIRGINIA AND NORTHERN NORTH CAROLINA BY TRAINING THE NEXT GENERATION OF COMMUNITY LEADERS THROUGH THE MIDDLE BORDER FORWARD INITIATIVE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0359378
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0200097
IRS990/ProgSrvcAccomActy3Grp/Desc0ASSETS: MDC IS BUILDING AND DEMONSTRATING INTEGRATED SYSTEMS THAT COMBINE TECHNOLOGY, PARTNERSHIPS, TRAINING, AND EXPERTISE TO CONNECT VULNERABLE POPULATIONS WITH AVAILABLE RESOURCES. MDC CREATED AND MANAGES THE BENEFIT BANK OF NORTH CAROLINA (TBB-NC), A STATEWIDE INITIATIVE THAT COMBINES GRASSROOTS OUTREACH AND USE OF THE BENEFIT BANK ONLINE EXPERT SERVICE TO CONNECT ELIGIBLE NORTH CAROLINIANS WITH SUPPORTS. MDC AND TBB-NC ARE PART OF A CONSORTIUM OF ORGANIZATIONS AWARDED A FEDERAL NAVIGATOR GRANT TO CONDUCT HEALTH INSURANCE OUTREACH AND ENROLLMENT UNDER THE AFFORDABLE CARE ACT. MDC ALSO RECEIVED AN AMERICORPS GRANT FOR ITS N.C. VETSCORPS PROJECT, WHICH PLACES AMERICORPS MEMBERS AT EXISTING COMMUNITY-BASED ORGANIZATIONS TO PROVIDE CRITICAL SERVICES TO IMPROVE THE LIVES OF VETERANS AND THEIR FAMILIES. SINCE 2010, THESE PROGRAMS HAVE HELPED LOW-INCOME FAMILIES APPLY FOR MORE THAN $65 MILLION IN TAX, NUTRITION, AND OTHER SUPPORTS USING THE BENEFIT BANK; SAVED 20,247 HOUSEHOLDS AN ESTIMATED $4.4 MILLION IN TAX PREPARATION FEES; SECURED NEARLY $2 MILLION IN HEALTH INSURANCE PREMIUM ASSISTANCE FOR LOW-INCOME FAMILIES; AND CONNECTED OVER 2,000 ECONOMICALLY VULNERABLE VETERANS AND MILITARY FAMILIES WITH LEGAL, FOOD, MEDICAL, UTILITY, EDUCATION, EMPLOYMENT, AND HOUSING RESOURCES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01744671
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0242800
IRS990/ProgSrvcAccomActyOtherGrp/Desc0STRATEGIC PHILANTHROPY: MDC WORKS WITH PLACED-BASED COMMUNITY FOUNDATIONS TO HELP THEM REFOCUS THEIR PHILANTHROPIC PROGRAM SERVICES TO ADDRESS THE ROOT CAUSES OF SOCIAL INEQUITIES AND PERFORMANCE GAPS IN EDUCATION, EMPLOYMENT, ASSET LEVELS, AND HEALTH. TO DATE, MDC HAS HELPED FOUNDATIONS REFOCUS MORE THAN $1 BILLION IN PHILANTHROPIC ASSETS IN FLORIDA, VIRGINIA, NORTH CAROLINA, SOUTH CAROLINA, NEW YORK, AND THE MIDWEST.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0719008
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0607450
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03056876
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt01987806
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IRS990/PYProgramServiceRevenueAmt01133668
IRS990/PYRevenuesLessExpensesAmt0-150810
IRS990/PYSalariesCompEmpBnftPaidAmt02362977
IRS990/PYTotalExpensesAmt04350783
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04199973
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt010231
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0384114
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0674820
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0598058
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03056876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01376509
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01041145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06230996
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014385050
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0164743
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0129241
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0102545
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt081211
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt088254
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0565994
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09414733
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.45040
IRS990ScheduleA/PublicSupportPY170Pct00.44670
IRS990ScheduleA/PublicSupportTotal170Amt06734010
IRS990ScheduleA/SubstantialContributorsTotAmt07651040
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02679524
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03056876
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01376509
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01041145
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt06230996
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014385050

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$16.8$0.56$16.3$7.86$6.11$1.75
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.4$1.96$13.4$15.4$5.55$9.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$0.65$3.79$5.22$3.31$1.91
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.53$0.73$1.81$2.73$3.47$0.74
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.93$0.27$2.66$4.29$3.10$1.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$0.34$1.70$2.72$3.64$0.92
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$0.27$2.63$2.70$3.68$0.97
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.04$0.54$3.50$4.11$3.88$0.22
2015Detailed filing. Detailed filing data is available for this year.$4.10$0.78$3.32$4.18$4.17$0.01
2014Summary only. Only limited summary data is available for this year.$3.66$0.28$3.38$4.20$4.35$0.15
2013Summary only. Only limited summary data is available for this year.$3.72$0.38$3.34$2.50$5.62$3.12
2012Summary only. Only limited summary data is available for this year.$7.15$0.77$6.38$3.43$11.3$7.82
2011Summary only. Only limited summary data is available for this year.$19.3$5.17$14.2$9.66$10.1$0.49