Advance North Carolina Inc

What it reported doing in 2024

Organizing/gotv: in 2024, we increased our focus and efforts on towards 365 year-round organizing in an effort to increase voter turnout in targeted and disenfranchised areas, regardless of how the maps were redrawn as a result of the redistricting efforts. Our on the ground efforts and infrastructure laid previously meant that we could spend less critical time building relationships and laying foundation but can instead utilize our resources to fortify and expand our programming to increase engagement and turnout. We are aligning our resources with strategy to expand our county and regional leadership structures by enhancing our regular programming with county tables and regional sessions. Communicating with a local lens: narrow policy and issue communication to engage local voters through county and regional structures, developing local narratives around issues to aid programmatic offerings, with an emphasis in rural counties. Year round organizing to maintain our local physical presence in communities in 2023 and beyond by extending and expanding our regional organizing harbors into new strategic counties, providing a pathway to consistent year-round physical presence across the state in community. Expanding volunteer base: increase the volunteer base by creating pathways of engagement through engaging local/state issues, engage neighborhoods and voters with sporadic voting history and holding regular events to engage the community.

Financial Efficiency

• Mission deployment rate: 55.6%; rating input score 56
• Program expense ratio: 70.2%; rating input score 70
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 98.7%; rating input score 99; 36th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 22.5%; rating input score 79; 79th percentile among comparable filings
• Total-asset coverage ratio: 1.58; rating input score 53; 53rd percentile among comparable filings
• Liabilities to assets ratio: 0.35; rating input score 30; 30th percentile among comparable filings
• Officer compensation ratio: 7.1%; rating input score 41; 41st percentile among comparable filings

Growth

• Program expense growth: 19.2% per year; rating input score 100; 84th percentile among comparable filings
• Revenue growth: 23.4% per year; rating input score 100; 91st percentile among comparable filings
• Asset growth: 31.7% per year; rating input score 100; 94th percentile among comparable filings