National Coalition for Community Capital Nc3

Nonprofit profile at a glance

EIN
824122089
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Durham, NC, USA
Phone
6035310830
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Adult, Continuing Education

Reported finances

Revenue
$67,437
Expenses
$110,092
Assets
$103,792
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Highest reported compensation

  • KATHARINE GILMAN (Director of Ops): $63,646 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

NC3s mission is to educate, activate and advocate for community capital. Community Capital is the broad engagement of community members in local investing.

What it reported doing in 2024

For the year ended December 31, 2024 National Coalition for Community Capital-NC3 operated the following programs:1. Consulted with 20+ project teams developing community investment funds through NC3s Accelerator program, which is a wrap-around program whereby NC3 brings relevant technical assistance to the table to support community-based project teams creating a real estate fund that will incorporate community capital as a funding source for their projects. 2. Worked to develop a curriculum for entrepreneurial support organizations to support those they work with integrating local investing into their capital raising strategies. 3. Planned an in-person, one-day conference for early 2025 for those interested in building community investment funds with guest presenters from around the country, a university partnership, and a renowned Keynote speaker. 4. Hosted a series of conversations with (1) the Practitioner's in our network to support their work with us to build funds and stimulate local investing, and (2) folks who are at various stages of working on community investment funds in their communities.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 28
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 64.9%; rating input score 65
  • Fundraising efficiency: $8.06 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th 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; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -63.3%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.94; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 57.8%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -16.8% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 29.2% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 64.9% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $71K in reported program spending
  • Leadership: top reported pay $64K · 12 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 26/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.