CAROLINA FEDERATION

DURHAM, NC, 27715-1113 (919) 627-1015 Est. 2018 EIN 83-0936641

R99— Civil Rights & Advocacy Form 990 501(c)(4)

www.carolinafederation.org

Mission

THE CAROLINA FEDERATION IS A STATEWIDE ORGANIZATION THAT BRINGS PEOPLE TOGETHER ACROSS RACE TO BUILD A NEW POLITICAL MAJORITY IN NORTH CAROLINA - ONE ROOTED IN A CULTURE OF BELONGING AND STRONG ENOUGH TO WIN ELECTIONS AND WIELD GOVERNING POWER IN OUR STATE.

Financials

Total Revenue

$1,098,422

Total Expenses

$2,311,082

Net Assets

$734,460

343 volunteers

From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve

3.8 months Adequate

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 43.9%

Expenses ↑ 415.4%

Revenue Sources

Contributions 99.1% Other 1.0%

Expense Breakdown

Program 75.8% Management 17.9% Fundraising 6.4%

Officers & Key Employees (8)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (58)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2022 Form 990	$1,098,422 ↓	$2,311,082	$734,460
2021 Form 990	$1,959,668 ↑	$454,441	$1,948,809
2020 Form 990	$1,452,479 ↑	$1,665,638	$443,582
2019 Form 990	$913,238 ↑	$249,297	$648,408
2018 Form 990-EZ	$192,163	$115,998	$76,175