Skip to content
Nonprofiteer
← NC BUDGET & TAX CENTER

Form 990 for tax year 2023

Filed by NC BUDGET & TAX CENTER.

Totals

Total revenue
$2,703,395
Total expenses
$1,163,686
Contributions and grants received
$2,671,625
Grants paid
$231,420
Program service revenue
$5,111
Investment income
$24,535
Other revenue
$2,124
Total assets, end of year
$1,563,412
Total liabilities, end of year
$23,703
Net assets or fund balances, end of year
$1,539,709
Program services expenses (Part IX)
$821,168
Management and general expenses
$342,518
Fundraising expenses
$0
Program service expenses (Part III)
$821,168

Program services were 70.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,671,625

  • 2a · Program service revenue: TRAINING PROGRAM

    total $5,111 · related or exempt $5,111

  • 3 · Investment income

    total $24,535 · excluded $24,535

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,124 · related or exempt $2,124

  • 11e · Other revenue, total

    $2,124

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $225,810 · program services $225,810

  • 2 · Grants to domestic individuals

    total $5,610 · program services $5,610

  • 5 · Compensation of officers, directors and key employees

    total $118,724 · program services $77,282 · management and general $41,442

  • 7 · Other salaries and wages

    total $517,260 · program services $336,667 · management and general $180,593

  • 8 · Pension plan contributions

    total $20,862 · program services $13,761 · management and general $7,101

  • 9 · Other employee benefits

    total $3,856 · management and general $3,856

  • 10 · Payroll taxes

    total $43,034 · program services $28,591 · management and general $14,443

  • 11b · Fees: legal

    total $2,981 · program services $1,323 · management and general $1,658

  • 11c · Fees: accounting

    total $15,840 · program services $5,965 · management and general $9,875

  • 11g · Fees: other

    total $44,421 · program services $15,200 · management and general $29,221

  • 12 · Advertising and promotion

    total $22,367 · program services $19,620 · management and general $2,747

  • 13 · Office expenses

    total $42,549 · program services $32,341 · management and general $10,208

  • 14 · Information technology

    total $21,522 · program services $6,344 · management and general $15,178

  • 16 · Occupancy

    total $4,871 · program services $2,855 · management and general $2,016

  • 17 · Travel

    total $16,430 · program services $10,815 · management and general $5,615

  • 19 · Conferences, conventions and meetings

    total $43,489 · program services $30,907 · management and general $12,582

  • 22 · Depreciation, depletion and amortization

    total $4,880 · management and general $4,880

  • 23 · Insurance

    total $5,747 · program services $5,747

  • 24a · Other expenses: OTHER EXPENSES

    total $2,348 · program services $2,330 · management and general $18

  • 24b · Other expenses: BANK FEES

    total $1,085 · management and general $1,085

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $223,211

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $1,199,576

  • 4 · Accounts receivable

    end of year $100,968

  • 10a · Land, buildings and equipment: cost or other basis

    $24,398

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,759

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $14,639

  • 15 · Other assets

    beginning of year $0 · end of year $25,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $23,703

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $1,031,860

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $507,849

Mission and programs · 2023

Mission

AS A NON-PROFIT, NON-PARTISAN ORGANIZATION, WE WORK TO DOCUMENT AND ANALYZE FISCAL AND ECONOMIC CONDITIONS IN PARTNERSHIP WITH COMMUNITY LEADERS AND NORTH CAROLINIANS WITH LIVED EXPERIENCE OF POVERTY TO ADVANCE SYSTEMIC SOLUTIONS THROUGH PUBLIC POLICY THAT DRIVE ANTI-RACIST OUTCOMES.

Activities or mission (Part I)

THE NC BUDGET & TAX CENTER IS A NON-PARTISAN ORGANIZATION THAT WORKS TO DOCUMENT FISCAL AND ECONOMIC CONDITIONS IN COMMUNITIES TO SUPPORT THE WORK OF PEOPLE, ORGANIZATIONS, AND GOVERNMENT TO ADVANCE SOLUTIONS TO POVERTY AND PURSUE WELL-BEING FOR ALL.

  • RESEARCH TO DOCUMENT FISCAL AND ECONOMIC CONDITIONS IN NORTH CAROLINA RESULTING IN MORE THAN 40 PUBLICATIONS. ENGAGEMENT WITH COMMUNITIES ACROSS THE STATE TO IDENTIFY PRIORITIES FOR BUDGET AND TAX POLICY INCLUDING THE ALLOCATION OF FEDERAL FUNDS RESULTING IN INCREASED CAPACITY TO CONNECT WITH PUBLIC BUDGET PROCESSES IN MORE THAN 20 COMMUNITIES. COMMUNICATION WITH THE PUBLIC TO BUILD AWARENESS OF THE IMPACT OF POLICY CHOICES ON WELL-BEING BY ENGAGING DIRECTLY WITH THE MEDIA, POSTING TO SOCIAL MEDIA AND ADVERTISING IN VARIOUS PUBLICATIONS. BUILDING THE WILL OF POLICYMAKERS TO ACT ON SOLUTIONS THAT ARE COMMUNITY DRIVEN BY CONNECTING MORE PEOPLE TO THE POLICY PROCESS, MONITORING THE LEGISLATIVE PROCESS AND CONDUCTING INDEPENDENT ANALYSIS OF LEGISLATIVE PROPOSALS.

    Expenses $821,168 · Grants $231,420 · Revenue $7,235

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marcus Bass

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Hughes

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Margaret Mejia

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Sirota

    EXECUTIVE DIRECTOR

    Total calculated
    $118,724
    From this org
    $108,364
    From related orgs
    $0
    Other
    $10,360
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • BLUEPRINT NC

    $130,000

    SUPPORT PUBLIC EDUCATION AND ENGAGEMENT ON SOCIAL SAFETY NET AND ECONOMIC JUSTICE ISSUES

  • NC BLACK ALLIANCE

    $61,000

    SUPPORT BETTER NC FELLOWSHIP PROGRAMMING

  • MDC INC

    $25,000

    SUPPORT ENGAGEMENT OF VOLUNTEER INCOME TAX ASSISTANCE SITES IN IDENTIFYING BARRIERS AND SOLUTIONS TO ACCESS TO TAX CREDITS FOR FAMILIES

  • NARRATIVE ARTS

    $8,000

    GENERAL SUPPORT

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2024
IRS schema version
2023v5.0
Source object
202411349349306701

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.