NEW NORTH CAROLINA PROJECT

CONCORD, NC, 28027-7597 (336) 628-0171 Est. 2021 EIN 86-3224686

B90— Education Form 990 501(c)(3)

HTTPS://NEWNORTHCAROLINAPROJECT.ORG/NNCPFOUNDATIO

Mission

NNCP EXISTS TO LIFT BLACK AND BROWN PEOPLE. WE WORK TO HELP COMMUNITIES OF COLOR CLAIM THEIR POWER THROUGH ECONOMIC MOBILITY, HOUSING SECURITY, PUBLIC SAFETY AND CIVIC ENGAGEMENT. WE SPEAK FOR THE #TRUEMAJORITY.

Financials

Total Revenue

$420,210

Total Expenses

$598,098

Net Assets

$340,507

10 employees 70 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

6.8 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 29.5%

Expenses ↑ 105.4%

Revenue Sources

Contributions 100.0%

Expense Breakdown

Program 60.8% Management 27.6% Fundraising 11.6%

Officers & Key Employees (7)

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

Grants Received (18)

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Filing History (4 filings)

Year	Revenue	Expenses	Net Assets
2024 Form 990 Jan 1, 2024 to Dec 31, 2024	$420,210 ↓	$598,098	$340,507
2023 Form 990 Jan 1, 2023 to Dec 31, 2023	$595,750 ↓	$291,205	$518,395
2022 Form 990 Jan 1, 2022 to Dec 31, 2022	$624,116 ↓	$958,070	$144,221
2021 Form 990 Jan 1, 2021 to Dec 31, 2021	$715,700	$237,525	$478,175