North Carolina Asian Americans Together

What it reported doing in 2024

Voter engagement:- registered 2,566 voters and grew our base to 8,000 people - reached out to our community members at get out the vote events and public-facing community gatherings, in both english and in-language- outreach included delivering 438,878 direct mailers; holding 1,649 conversations; making 121,575 calls; and knocking on 80,463 doors. - ncaat distributed 120,000+ educational infographics explaining the offices of the governor, council of state, state supreme court, and superintendent of public instruction(continued on schedule o.)youth engagement: the youth engagement program has fostered civic engagement and political participation through one-day workshops, multi-day summer leadership trainings, as well as paid internships, ambassador positions, and fellowship opportunities.- sustained a network of 2,431 youth - developed 150+ high school and college student leaders- recruited 34 youth ambassadors, 1 fellow, and 3 interns community engagement: the community engagement program has held space for the community gatherings, legal review in citizenship clinics, and educational events. Ncaat has also worked with local cultural and community groups to engage their members on voter registration drives, voter educational workshops, and informational forms.

Financial Efficiency

• Mission deployment rate: 55.1%; rating input score 55
• Program expense ratio: 89.8%; rating input score 90
• Fundraising efficiency: $74.62 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 96.6%; rating input score 97; 32nd 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: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 40.7%; rating input score 89; 89th percentile among comparable filings
• Total-asset coverage ratio: 2.68; rating input score 71; 71st percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 69; 69th percentile among comparable filings
• Officer compensation ratio: 5%; rating input score 53; 53rd percentile among comparable filings

Growth

• Program expense growth: 41.9% per year; rating input score 100; 96th percentile among comparable filings
• Revenue growth: 34.5% per year; rating input score 100; 95th percentile among comparable filings
• Asset growth: 39% per year; rating input score 100; 96th percentile among comparable filings