Overview

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Est.

2015

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

990 file icon
2024
990 file icon
2023
990 file icon
2022
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AI Summary

Advance North Carolina Inc is an economic development nonprofit focused on building political and economic power in Black communities and institutions in North Carolina. In filing year 2024, it reported a $2.5M operating budget and $3.5M in total revenue, with major support from SIXTEEN THIRTY FUND, TIDES ADVOCACY, OPEN SOCIETY POLICY CENTER INC, WAY TO WIN ACTION FUND INC, and WOMEN DONORS NETWORK ACTION.

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Mission Statement

To build political and economic power in Black communities and institutions in North Carolina.

Cause Areas

1
Economic development
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Financials

2024
Revenues
$3.5M
Expenses
$2.7M
Net Income:
+$778.9K
Assets
$4.2M
Liabilities
$1.5M
Net Assets:
+$2.8M

Financial Trends

2024
Operating Budget
$2.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
SIXTEEN THIRTY FUND
Washington, DC, US
$1.2M
< 1%
Logo for "TIDES FOUNDATION"
TIDES FOUNDATION
San Francisco, CA, US
$1.1M
< 1%
TIDES ADVOCACY
San Francisco, CA, US
$846K
< 1%

Grants Received

2024
Total No. of Grants
13
Median grant size
$90K
Largest grant received
$1M

Board & Team

M
Marcus Bass
Board Member
D
Dionne Lester
Board Member
M
Moses Mathews
Board Member
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  • 23 funders
  • 14 board & team members
  • 10 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is Advance North Carolina Inc’s budget?
In 2024, Advance North Carolina Inc reported an annual operating budget of around $2.5 million. More detailed financial information is available to registered users.
What causes does Advance North Carolina Inc support?
Advance North Carolina Inc supports work in Economic development.
Where does Advance North Carolina Inc operate?
Advance North Carolina Inc is headquartered in Raleigh, NC.
Who funded Advance North Carolina Inc recently?
In 2024, Advance North Carolina Inc received grants from TIDES FOUNDATION, OPEN SOCIETY POLICY CENTER INC, and WOMEN DONORS NETWORK ACTION. More information on this organization’s funders is available to registered users.
What is the largest grant Advance North Carolina Inc received in 2024?
The largest grant to Advance North Carolina Inc in 2024 exceeds $1 million.