Civic Intelligence

Majority Rising Nc

990 • Fiscal year 2023 • EIN 87-4783603

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 22, 2024

PO Box 4174Cary, NC 27519

(919) 391-8316

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.05x

Higher debt load relative to assets than 53% of similar nonprofits.

2023 filings • NTEE W • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

50th percentile

0.04x

Higher debt load relative to revenue than 50% of similar nonprofits.

2023 filings • NTEE W • $1M-$5M nonprofits • Source year 2023

Net Margin

91st percentile

67%

Higher net margin than 91% of similar nonprofits.

2023 filings • NTEE W • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$107,640

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2023 filings • NTEE W • $1M-$5M nonprofits • Source year 2023

Asset Growth

98th percentile

1414%

Faster asset growth than 98% of similar nonprofits.

2023 filings • NTEE W • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-47%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • NTEE W • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,106,257

Up $1,033,185 (+1414%) from 2022

Net Assets

Up

$1,049,202

Up $998,287 (+1961%) from 2022

Liabilities

Up

$57,055

Up $34,898 (+158%) from 2022

Revenue

Down

$1,489,100

Down $1,309,977 (-47%) from 2022

Expenses

Down

$490,813

Down $2,257,349 (-82%) from 2022

Net Income

Up

$998,287

Up $947,372 (+1861%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2022: $73,072Liabilities 2022: $22,157Net Assets 2022: $50,9152022Assets 2023: $1,106,257Liabilities 2023: $57,055Net Assets 2023: $1,049,2022023Assets 2024: $476,035Liabilities 2024: $8,041Net Assets 2024: $467,9942024

Highlighted filing

2023

Assets$1,106,257
Liabilities$57,055
Net Assets$1,049,202

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2022: $2,799,077Expenses 2022: $2,748,162Net Income 2022: $50,9152022Revenue 2023: $1,489,100Expenses 2023: $490,813Net Income 2023: $998,2872023Revenue 2024: $4,774,825Expenses 2024: $5,356,033Net Income 2024: -$581,2082024

Highlighted filing

2023

Revenue$1,489,100
Expenses$490,813
Net Income$998,287
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 22, 2024
Return Version
2023v5.1
Gross Receipts
$1,489,100
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$58,498$791,578▲ $733,080
Pledges and Grants Receivable-$290,000-
Prepaid Expenses and Deferred Charges$5,186$16,579▲ $11,393
Intangible Assets$7,500$6,000▼ $1,500
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Inventories for Sale or Use-$0-
Total Assets$73,072$1,106,257▲ $1,033,185
Other Assets Total$1,888$2,100▲ $212
Liabilities
Accounts Payable and Accrued Expenses$22,157$57,055▲ $34,898
Total Liabilities$22,157$57,055▲ $34,898
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$50,915$769,202▲ $718,287
Net Assets With Donor Restrictions-$280,000-
Total Net Assets Fund Balance$50,915$1,049,202▲ $998,287
Total Liabilities and Net Assets / Fund Balance$73,072$1,106,257▲ $1,033,185
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ian ShannonExecutive DirectorFT$103,292$4,348$107,640

Board Members and Trustees

NameTitle
Mack PaulBoard Chair
Margaret DicksonBoard Member
Page GardnerBoard Member
Shawna WilliamsBoard Secretary
Reggie LoveBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,489,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,489,100
Change in Net Assets
$998,287
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$267,622
Salaries, Compensation, and Employee Benefits$129,320
Total Fundraising Expense$76,439
Grants and Similar Amounts Paid$55,000
Professional Fundraising Fees$38,871

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$53,855$21,551$32,234$107,640
Fees for Services Other$95,070--$95,070
Conferences and Meetings$67,102$640$107$67,849
Grants to Domestic Orgs$55,000--$55,000
Advertising$43,860$204-$44,064
Fees for Services Professional Fundraising--$38,871$38,871
Fees for Services Accounting-$21,496-$21,496
Fees for Services Legal$378$20,441-$20,819
Other Salaries and Wages$6,657$3,007$1,063$10,727
Payroll Taxes$4,882$1,983$2,677$9,542
Insurance-$6,876-$6,876
Office Expenses$1,561$2,004$146$3,711
Information Technology$951$391$492$1,834
Travel$1,161$475-$1,636
Depreciation Depletion$778$319$403$1,500
Other Employee Benefits$773$326$312$1,411
Other Expenses$259$706$134$1,099
Total Functional Expenses$333,955$80,419$76,439$490,813
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Families United for NC ValuesRaleigh, NC501c4general support grant$35,000
The Democracy Project IIRaleigh, NC501c3general support grant$20,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$38,871
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

From July 1st, 2023, Ian Shannon's status changed from MRNC employee to Put NC First LLC employee, providing the same services to MRNC as before but under a management services contract under which a majority of his time is dedicated to MRNC, with a minority portion of his time being dedicated to the work of Put NC First. Elizabeth Byrum was hired by Put NC First on Nov. 20, 2023, offering her services to MRNC under a similar contract where 100% of her time is dedicated to MRNC. While Put NC First was the employer of record for Ian Shannon and Elizabeth Byrum under these contracts, MRNC's Board, by-laws, and organizational policies are its own and MRNC directed their activities independent of Put NC First. In 2023, both staff members are treated as common law employees of MRNC and their compensation is reported as such on MRNC's 990.

Form 990, Part VI, Section B, Line 11B

Prior to filing, the Form 990 will be reviewed first by the Executive Director and then distributed to the full board for review. Following, a meeting will be held for board members to ask questions, review and approve the Form 990.

Form 990, Part VI, Section C, Line 19

The two most recent Form 990s (including financial information), the Bylaws, Articles of Incorporation, and Form 1024 Application for Exemption are provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
Majority Rising NC
EIN
87-4783603
Phone
9193918316
Address
PO Box 4174, Cary, NC 27519

Signing Officer

Name
Mack Paul
Title
Board Chair
Signed
2024-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mack Paul
Formed
2022
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
10

Preparer

Firm
Mig Murphy Sistrom CPA Pc
Address
2216 Whitley Dr, DURHAM, NC 27707
Preparer
Suzanne Cross
Phone
9194191119
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Public Policy Development: The organization began the process of conducting in-depth public policy research to better understand what policies at the state-level can make North Carolina a better and more prosperous state.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.

Form 990, Part III, Line 4D

OTHER PROGRAM SERVICES 4: Public Policy Development: The organization began an extensive review of what public policies will promote prosperity and opportunity for all North Carolinians. The organization retained additional services to support the execution of this program which included supplemental roundtable conversations from across the state and the public at-large. OTHER PROGRAM SERVICES 5: Issue Advocacy: The organization conducted educational awareness programming on public policy matters that were important to North Carolina citizens. This outreach took place through direct mail to reach the public at-large. OTHER PROGRAM SERVICES 6: Newsletter: The organization continued to hone in on its newsletter strategy by sharing public policy issues, policy conferences, and other relevant news. The organization is investing in growing its distribution to reach a sizeable audience.

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IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Next Fund Consulting
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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt01111 Wimbleton Drive
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Raleigh
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0general support grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1general support grant
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Families United for NC Values
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1The Democracy Project II
IRS990ScheduleI/RecipientTable/RecipientEIN0933456324
IRS990ScheduleI/RecipientTable/RecipientEIN1274842013
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03737 Glenwood Ave Ste 260
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1301 Hillsborough St Ste 950
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IRS990ScheduleI/RecipientTable/USAddress/CityNm1Raleigh
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MRNC restricts grant funds to specific activities and requires grant recipients to provide reports on the use of funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Public Policy Development: The organization began the process of conducting in-depth public policy research to better understand what policies at the state-level can make North Carolina a better and more prosperous state.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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER PROGRAM SERVICES 4: Public Policy Development: The organization began an extensive review of what public policies will promote prosperity and opportunity for all North Carolinians. The organization retained additional services to support the execution of this program which included supplemental roundtable conversations from across the state and the public at-large. OTHER PROGRAM SERVICES 5: Issue Advocacy: The organization conducted educational awareness programming on public policy matters that were important to North Carolina citizens. This outreach took place through direct mail to reach the public at-large. OTHER PROGRAM SERVICES 6: Newsletter: The organization continued to hone in on its newsletter strategy by sharing public policy issues, policy conferences, and other relevant news. The organization is investing in growing its distribution to reach a sizeable audience.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2From July 1st, 2023, Ian Shannon's status changed from MRNC employee to Put NC First LLC employee, providing the same services to MRNC as before but under a management services contract under which a majority of his time is dedicated to MRNC, with a minority portion of his time being dedicated to the work of Put NC First. Elizabeth Byrum was hired by Put NC First on Nov. 20, 2023, offering her services to MRNC under a similar contract where 100% of her time is dedicated to MRNC. While Put NC First was the employer of record for Ian Shannon and Elizabeth Byrum under these contracts, MRNC's Board, by-laws, and organizational policies are its own and MRNC directed their activities independent of Put NC First. In 2023, both staff members are treated as common law employees of MRNC and their compensation is reported as such on MRNC's 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Prior to filing, the Form 990 will be reviewed first by the Executive Director and then distributed to the full board for review. Following, a meeting will be held for board members to ask questions, review and approve the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The two most recent Form 990s (including financial information), the Bylaws, Articles of Incorporation, and Form 1024 Application for Exemption are provided to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mack Paul
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Majority Rising NC
ReturnHeader/Filer/BusinessNameControlTxt0MAJO
ReturnHeader/Filer/EIN0874783603

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