Form 990 for tax year 2024

Totals

Total revenue

$9,881,455

Total expenses

$8,208,220

Contributions and grants received

$7,876,296

Grants paid

$1,675,999

Program service revenue

$1,540,930

Investment income

$415,850

Other revenue

$48,379

Total assets, end of year

$14,579,657

Total liabilities, end of year

$644,567

Net assets or fund balances, end of year

$13,935,090

Program services expenses (Part IX)

$6,039,715

Management and general expenses

$1,964,521

Fundraising expenses

$203,984

Program service expenses (Part III)

$6,039,715

Program services were 73.6% 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.

Mission and programs · 2024

• EDUCATIONAL EQUITY: MDC WORKS TO IMPROVE EARLY CARE AND EDUCATION SYSTEMS IN THE SOUTH. WE WORK WITH ORGANIZATIONS, CAREGIVERS, EDUCATORS, AND COMMUNITY PARTNERS TO IDENTIFY AND OVERCOME BARRIERS THAT AFFECT YOUNG PEOPLE AND THEIR FAMILIES.GREAT EXPECTATIONS: MDC SERVES AS THE ACTIVATING AGENCY FOR THE KATE B. REYNOLDS CHARITABLE TRUST'S GREAT EXPECTATIONS EARLY CHILDHOOD INITIATIVE IN FORSYTH COUNTY. OVER THE PAST YEAR, MDC PROVIDED MORE THAN 900 HOURS OF DIRECT SUPPORT TO OVER 20 GRANTEES FOCUSED ON EARLY INTERVENTION AND HEALTH, ACCESS TO QUALITY CHILD CARE AND EARLY LEARNING, AND FAMILY ECONOMIC SUPPORT. SUPPORT INCLUDED FACILITATION, COACHING, CONFLICT NAVIGATION, GRANT RESEARCH, AND STRATEGIC DEVELOPMENT, ALL WITH A COMMITMENT TO FOSTERING LOCAL OWNERSHIP. RECENT ACHIEVEMENTS INCLUDE STRENGTHENING COLLARBOATION AND COMMUNICATION AMONG PARTNERS, DEVELOPING GRANTEES' SYSTEMS THINKING, AND SIMPLIFYING PROCESSES FOR ACCESSING AND SHARING RESOURCES.HOME-BASED CHILD CARE (HBCC): A VITAL AND VALUED PART OF THE NORTH CAROLINA EARLY CHILDHOOD SYSTEM THROUGH TWO INTERCONNECTED SYSTEMS CHANGE INITIATIVES: A COMMUNITY OF PRACTICE OF HBCC NETWORKS AND A LEADERSHIP DEVELOPMENT PROGRAM OF PROVIDERS CALLED HAVEN. THE COMMUNITY OF PRACTICE NETWORK COHORT PROVIDES SUPPORT SERVICES FOR SIX HUNDRED AND FIFTY HOME-BASED CHILD-CARE PROVIDERS ACROSS NORTH CAROLINA. RECENT ACHIEVEMENTS INCLUDE IDENTIFYING POLICY PRIORITIES TO ADDRESS THE CHILD CARE CRISIS IN NORTH CAROLINA, LAUNCHING A CAMPAIGN TO RAISE AWARENESS OF THE VALUE OF HOME-BASED CHILD CARE, TWO PROGRAM PARTICIPANTS BEING SEATED ON THE NORTH CAROLINA CHILD CARE COMISSION, GRADUATING A COHORT OF EIGHT HAVEN PROVIDERS, AND ONE PROVIDER BECOMING A CERTIFIED TRAINER FOR THE NCDCDEE.LEARNING FOR EQUITY: A NETWORK FOR SOLUTIONS (LENS-NC): MDC HAS PARTNERED WITH OAK FOUNDATION, UNDER THEIR LEARNING DIFFERENCES PROGRAMME, TO LEARN MORE ABOUT THE INTERSECTION OF RACE, EDUCATIONAL EQUITY, AND LEARNING DIFFERENCES AND TO ADVANCE STRONGER POLICY AND PRACTICE BY BUILDING A LEARNING AND ACTION NETWORK ACROSS NORTH CAROLINA CALLED LENS-NC. LENS-NC SUPPORTS 19 ORGANIZATIONS THROUGH TRAINING, GRANT SUPPORT, CONVENINGS, AND OTHER ASSISTANCE. RECENT ACHIEVEMENTS INCLUDE PARTNERSHIP CREATION, NETWORK LEARNING IN DIGITAL ACCESSIBILITY, AND PRODUCING RESOURCES FOR BROADER AUDIENCES.

  Expenses $1,878,619 · Grants $428,847 · Revenue $3,115,125

• OUR ECONOMIC SECURITY & MOBILITY (ESM) TEAM DESIGNS PROGRAMS AND ADVOCATES FOR POLICIES THAT KEEP MONEY IN THE HANDS OF WORKERS AND FAMILIES IN SOUTHERN COMMUNITIES WHO SPEND THEIR DOLLARS ON HOUSING, GROCERIES, CHILDCARE, AND SMALL BUSINESSES. IN SHORT, INVESTING IN PEOPLE MEANS INVESTING IN COMMUNITY STRENGTH. WE PARTNER WITH COMMUNITIES AND ORGANIZATIONS TO ADDRESS THE ROOT CAUSES OF ECONOMIC INSECURITY BY CONNECTING POLICY TO PEOPLE'S DAILY LIVES. THROUGH COALITION-BUILDING, NARRATIVE CHANGE, AND SYSTEMS DESIGN ROOTED IN LIVED EXPERIENCE, WE PUSH FOR POLICIES THAT REWARD LABOR FAIRLY, CREATE A JUST TAX SYSTEM, REDUCE STUDENT DEBT, AND ENSURE THAT ECONOMIC BENEFITS FLOW BACK TO THOSE DOING THE WORK THAT BUILDS COMMUNITY.NORTH CAROLINA TAX COALITION: MDC CONVENES THE NC TAX COALITION TO ADVOCATE FOR AN EQUITABLE TAX SYSTEM. THE NORTH CAROLINA TAX CREDIT COALITION MADE SIGNIFICANT STRIDES TOWARD BECOMING A RESPECTED LEADER IN OUR STATE'S TAX LANDSCAPE IN 2025. WE DEVELOPED A COMPREHENSIVE ACTION PLAN TO GUIDE PROGRAM INNOVATION AND POLICY INITIATIVES AND ESTABLISHED THREE DYNAMIC WORK GROUPS FOCUSED ON FREE TAX PREPARATION, TAX ADVOCACY, AND COALITION BUILDING. MDC RECENTLY PRODUCED A REPORT FOR THE COALITION THAT EXPLORES THE POTENTIAL FOR A RENTER'S TAX CREDIT IN NORTH CAROLINALAYING THE GROUNDWORK FOR FUTURE POLICY SOLUTIONS THAT CENTER EQUITY AND IMPACT. IRS DIRECT FILE WAS IMPLEMENTED IN NORTH CAROLINA IN 2025 FOR 2024 TAX SEASON AFTER MDC AND COALITION PARTNERS SUCCESSFULLY ADVOCATED FOR THE PROGRAM. NC WAS THE FIRST STATE WITH A STATE INCOME TAX IN THE SOUTH TO JOIN DIRECT FILE. WHILE UPTAKE WAS LIMITED AND THE PROGRAM HAS BEEN HALTED UNDER THE CURRENT ADMINISTRATION, THIS WORK DEMONSTRATES WHAT'S POSSIBLE WHEN PEOPLE COME TOGETHER TO PUSH FOR CHANGE. NORTH CAROLINA STUDENT DEBT RELIEF COALITION: THE NORTH CAROLINA STUDENT DEBT RELIEF COALITION (NC SDRC), CONVENED BY MDC, AIMS TO PROTECT BORROWERS AND ENSURE NORTH CAROLINA'S WORKERS HAVE THE TOOLS NEEDED TO EFFECTIVELY MANAGE THEIR STUDENT DEBT BURDENS AND PARTICIPATE FULLY IN OUR LOCAL ECONOMIES. THROUGH A STATEWIDE POLICY ROUNDTABLE, LANDSCAPE MAPPING, AND FIRSTHAND BORROWER STORIES COLLECTED IN 2025, THE SDRC IDENTIFIED URGENT REFORMS NEEDED TO PROTECT AND SUPPORT NORTH CAROLINA'S 1.4 MILLION BORROWERS FROM MISMANAGEMENT AND PREDATORY PRACTICES. THESE INSIGHTS SHAPED PUBLIC COMMENTS, SIGN-ON LETTERS, AND REQUESTS FOR INFORMATION THAT THE COALITION SUBMITTED TO INFORM POLICY DESIGN. THIS FALL (2025), THE MDC AND SDRC HOSTED A PODCAST EPISODE ABOUT THE IMPACT OF STUDENT LOAN DEBT AND RELATED POLICY CHANGES ON SOUTHERNERS' HEALTH AND FINANCIAL WELLBEING. TO HELP BORROWERS NAVIGATE SHIFTING REPAYMENT REGULATIONS WITH CONFIDENCE, THE COALITION PUBLISHED TIMELY BORROWER GUIDES AND HOSTED WEBINARS ON STUDENT LOAN REPAYMENT AND PUBLIC SERVICE LOAN FORGIVENESS. OUR PRESENTATION AT THE PATHWAYS TO PROSPERITY CONFERENCE EQUIPPED ORGANIZATIONS AND EMPLOYERS WITH TOOLS TO ADVOCATE FOR BORROWER-FRIENDLY POLICIES AND SUPPORT STAFF AND CONSTITUENCIES IN MANAGING STUDENT DEBT. INTEGRATED SERVICES DELIVERY: MDC SUPPORTS INTEGRATED SERVICE DELIVERY BACKBONE ORGANIZATIONS LIKE HAYTI REBORN JUSTICE MOVEMENT (HRJM) BY STRENGTHENING THEIR DATA COLLECTION, INTERNAL COMMUNICATION, AND PARTICIPANT ENGAGEMENT TRACKING, AND STAFF CAPACITY TO BETTER SERVE PARTICIPANTS. MDC ALSO PROVIDES ONGOING, PEOPLE-CENTERED, TRAUMA-INFORMED COACHING AND TECHNICAL ASSISTANCE TO HRJM STAFF, HELPING THEM ALIGN WRAPAROUND SERVICES WITH RESIDENTS' SELF-DEFINED GOALS AND REINFORCING BACKWARD PLANNING FROM PARTICIPANT OUTCOMES.

  Expenses $239,553 · Revenue $138,254

• RURAL PROSPERITY AND INVESTMENT: MDC AMPLIFIES THE VOICE, CAPACITY, AND POWER OF RURAL COMMUNITIES WHILE STRENGTHENING AND NETWORKING THE RURAL INFRASTRUCTURE.RURAL FORWARD: CREATED IN 2014 TO SUPPORT THE NONPROFIT, CLINICAL, AND HUMAN SERVICE SECTORS WITHIN THE KATE B. REYNOLDS CHARITABLE TRUST'S HEALTHY PLACES NC (HPNC) INITIATIVE, RURAL FORWARD CONTINUES TO SUPPORT HPNC COUNTIES, AND EXPANDED OUR SERVICES ACROSS NORTH CAROLINA, THE US SOUTH, AND AT THE NATIONAL LEVEL. NO MATTER SCOPE, WE ARE FOCUSED ON SUPPORTING INDIVIDUAL LEADERS, ORGANIZATIONS, AND COALITIONS WITH THE CAPACITY BUILDING, STRATEGIC PLANNING, COACHING, FACILITATION, AND RESOURCE DEVELOPMENT TOOLS THEY NEED TO: STRENGTHEN THEIR SKILLS AS INDIVIDUAL LEADERS TO VISION AND MANAGE EFFECTIVELY; BUILD THE CAPACITY AND SUSTAINABILITY OF THEIR ORGANIZATIONS TO FULFILL THEIR MISSIONS AND IMPROVE THEIR COMMUNITIES; AND NETWORK EFFORTS WITHIN AND BEYOND THE COUNTY THAT PROMOTE THE LONG-TERM HEALTH OF RURAL NC.NORTH CAROLINA INCLUSIVE DISASTER RECOVERY NETWORK (NCIDR): NCIDR IS A COLLABORATIVE OF PUBLIC, PRIVATE, NON-PROFIT, AND FAITH ORGANIZATIONS SEEKING AVENUES FOR COMMUNITY VOICE AND EQUITABLE ACCESS TO RESOURCES IN A DISASTER RECOVERY SYSTEM. WORKING WITH THE NETWORK IS A WAY FOR STATEWIDE ORGANIZATIONS TO BE GOOD ALLIES FOR COMMUNITY-BASED ORGANIZATIONS ENGAGED IN ON-THE-GROUND DISASTER RECOVERY. RURAL FORWARD SERVES AS THE CONVENER AND FACILITATOR FOR NCIDR.RURAL LEAD: FUNDED BY THE ROBERT WOOD JOHNSON FOUNDATION, RURAL LEAD IS DESIGNED TO HELP FUNDERS AND THE FIELD OF STAKEHOLDERS INTERESTED IN HELPING RURAL PLACES UNDERSTAND HOW TO BETTER SUPPORT RURAL LEADERSHIP. MDC IS THE REGIONAL, SOUTHEASTERN PARTNER FOR RURAL LEAD, BUILDING ON OUR LONG HISTORY OF ADVANCING RURAL LEADERSHIP DEVELOPMENT AND HELPING FOUNDATIONS LEARN WHAT LEADERS ARE STRUGGLING WITH; WHAT THEY SEE AS NEEDS AND GAPS; AND WHAT THE ROLE OF NATIONAL PLAYERS AND FUNDERS COULD BE.

  Expenses $2,104,552 · Grants $438,361 · Revenue $866,676

• EQUITY-CENTERED LEADERSHIP AND PHILANTHROPY (ECLP) PROMOTES PRACTICES, PRINCIPLES AND EXPERIENCES THAT INFUSE EQUITY ACROSS A SPECTRUM OF INDIVIDUALS, LEADERS AND SECTORS TO REACH THEIR STRONGEST IMPACT FOR SYSTEMATICALLY MARGINALIZED COMMUNITIES IN THE U.S. SOUTH AND BEYOND.RACE MATTERS INSTITUTE: A WELL-RECOGNIZED, INNOVATIVE APPROACH TO ADVANCING RACIAL EQUITY WITH SOLID DATA, COMPREHENSIVE TOOL-BASED STRATEGIES, AND KNOWLEDGE OF LOCAL AND NATIONAL SETTINGS. RMI TRAININGS AND FACILITATIONS ARE DESIGNED TO ADVANCE CONCRETE ACTIONS IN BOTH OPERATIONS AND PROGRAMMING THAT STRENGTHEN AN ORGANIZATION'S MISSION-PERFORMANCE. OUR GOAL WITH ALL OUR CLIENTS IS TO INCREASE THEIR MISSION-DRIVEN RESULTS THROUGH EMBEDDING RACIAL EQUITY AS A COMPONENT OF MISSION PERFORMANCE. WE ARE ESPECIALLY KNOWN FOR OUR ABILITY TO CUSTOMIZE RACE-INFORMED STRATEGIES TO AN ORGANIZATION'S SPECIFIC MISSION, ASPIRATIONS, AND EVERYDAY WORK, AND FOR OUR CAPACITY TO HELP CLIENTS MOVE FROM ASPIRATION TO CONCEPTUALIZATION AND THEN TO ACTION. THIS INCLUDES OPERATIONS, PROGRAMS, AND ORGANIZATIONAL CULTURE. STATE OF THE SOUTH: A CONVENING PLATFORM THAT BUILDS NETWORKS FOR ADVOCACY, SYSTEMIC CHANGE, AND EQUITY ACROSS THE SOUTH. CO-DESIGNED WITH PARTNERS AND LOCAL CHANGEMAKERS, THE CONVENINGS EXPLORE ART, POLICY, AND FUNDING APPROACHES THAT TELL SOUTHERN STORIES OF COMMUNITY AND RESISTANCE AND ADDRESS PERSISTENT INEQUITIES. EQUITY CENTERED PHILANTHROPY: AN INITIATIVE TO SUPPORT PHILANTHROPIES ACROSS THE SOUTH, CENTERED IN TRUST-BASED PRACTICES WORKING TO REMOVE STRUCTURAL BARRIERS TO EQUITY, OPPORTUNITY, AND JUSTICE IN THEIR COMMUNITIES.

  Expenses $1,816,991 · Grants $808,791 · Revenue $36,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• HISPANIC FEDERATION INC

  $320,999

  LEARNING EQUITY NETWORK SOLUTIONS

• EMPOWERED PARENTS IN COMMUNITY

  $134,000

  INVESTING IN LEADERS OF COLOR

• BERTIE COUNTY YMCA

  $100,000

  INVESTING IN LEADERS OF COLOR

• CARE SHARE HEALTH ALLIANCE INC

  $100,000

  INVESTING IN LEADERS OF COLOR

• CAROLINA HUMAN REINVESTMENT

  $100,000

  INVESTING IN LEADERS OF COLOR

• COMMUNITY INITIATIVES INC

  $100,000

  INVESTING IN LEADERS OF COLOR

• FINANCIAL PATHWAYS OF PIEDMONT INC

  $100,000

  INVESTING IN LEADERS OF COLOR

• LOWCOUNTRY YOUTH SERVICE

  $100,000

  INVESTING IN LEADERS OF COLOR

• MIDLANDS FATHERHOOD COALITION

  $100,000

  INVESTING IN LEADERS OF COLOR

• NC BUDGET & TAX CENTER

  $100,000

  LEARNING EQUITY NETWORK SOLUTIONS

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2024

Filed

20 February 2026

IRS schema version

2024v5.5

Source object

202600519349301805

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.