Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
96 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
7 people listed on the 990; $90K paid to officers and key staff.
Ian Shannon’s $90K as Executive Dir. is at the 18th percentile of top reported officer pay among 731 $1–10M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Ian Shannon | $90,000 | $103,292 | $112,904 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Advocates for policies creating prosperity and opportunity for all North Carolinians.
Questions for Majority Rising NC
Your first name shows with your question. Majority Rising NC answers here, for everyone.
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Issue Advocacy
MRNC communicated with over 1 million North Carolinians to promote awareness around key public policy issues. These issue advocacy campaigns informed North Carolinians across the state about state government.
Research and Surveys
MRNC conducted our annual statewide survey to look at how North Carolinians were perceiving various public policy issues. From those findings, 12 focus groups were held at various intervals throughout the year to dig deeper and further refine MRNC's understanding of North Carolinians.
Support to Ally Organizations
MRNC continued to make general support grants to ally organizations. In 2024, MRNC made four grants to four organizations that aligned with our organization's mission.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $792K | $446K |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $1.1M | $476K |
| LiabilitiesLn 26 | $57K | $8K |
| Net assetsLn 32 | $1.0M | $468K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $115K | $115K | ||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $101K | $60K | $10K | $30K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $86K | $64K | $17K | $4K |
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $13K | $10K | $2K | $1K |
| Payroll taxesLn 10 | $19K | $13K | $3K | $3K |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $35K | $35K | ||
| Accounting feesLn 11c | $29K | $29K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $76K | $76K | ||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $2.4M | $2.4M | $407 | $359 |
| Advertising and promotionLn 12 | $1.3M | $1.3M | ||
| Office expensesLn 13 | $1.1M | $1.1M | $3K | $81 |
| Information technologyLn 14 | $6K | $4K | $1K | $1K |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $0 | |||
| TravelLn 17 | $3K | $2K | $174 | $241 |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $66K | $63K | $749 | $2K |
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $2K | $1K | $243 | $216 |
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $720 | $566 | $82 | $72 |
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $5.4M | $5.1M | $109K | $120K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $4.8M | $5.4M | −$581K | $468K | 990 PDF |
| FY2023 | $1.5M | $491K | $998K | $1.0M | 990 PDF |
| FY2022 | $2.8M | $2.7M | $51K | $51K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $4,774,825 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 3 to look at
Part VIII · Statement of revenue $4,774,825 across 9 lines filed
Part IX · Statement of functional expenses $5,356,033 across 31 lines filed
Part X · Balance sheet $476,035 assets, 18 lines filed
Part XI · Reconciliation of net assets $467,994 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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