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Public nonprofit record

MDC INC

EIN 56-0894222 · Economic Development (S30)

What they do

MDC is A CATALYST for EQUITABLE CHANGE IN THE SOUTH. WE STRENGTHEN CAPACITY, FOSTER COLLABORATION, and BUILD INFLUENCE to CHALLENGE SYSTEMIC INEQUITIES and CREATE COMMUNITIES WHERE ALL PEOPLE THRIVE. for MORE THAN FIVE DECADES, MDC HAS ADVANCED EQUITY and EQUIPPED SOUTHERN COMMUNITIES to ADDRESS LONGSTANDING SYSTEMIC CHALLENGES IN EDUCATION, EMPLOYMENT, HEALTH, and WEALTH. WE PURSUE THIS MISSION THROUGH THREE CORE AREAS of WORK THAT TOGETHER ACCELERATE SYSTEMS CHANGE:RESEARCH and ANALYSISMDC CONDUCTS RIGOROUS RESEARCH and ANALYSIS to UNDERSTAND THE FORCES SHAPING OPPORTUNITY and INEQUALITY ACROSS THE SOUTH. WE GATHER and INTERPRET ECONOMIC, DEMOGRAPHIC, and SOCIAL DATA to TELL THE STORY of WHERE THE REGION STANDS and HOW IT CAN MOVE FORWARD. OUR LANDMARK STATE of THE SOUTH REPORTS and RELATED ANALYSES PROVIDE THE FOUNDATION for OUR WORK and GUIDE STRATEGIES to ACHIEVE INCLUSIVE and EQUITABLE PROGRESS.CONTINUED ON LAST PAGE of SCH O.

Money

Financial picture

Tax year 2024
Revenue$9,881,455
Expenses$8,208,220
Assets$14,579,657
Income$15,213,173
Contributions$7,876,296
Grants given$7,434,527
Average grant$47,965
Management$1,964,521
Executive compensation$793,569
Stocks and bonds$5,476,456
Accounting fees$34,315
Investing fees$27,064

About this charity

Recognized since
January 1968
Location
307 WEST MAIN STREET, DURHAM, NC 277013215
County
Durham
In care of
LAKEISHA HOOD MOISE
Primary officer
LAKEISHA HOOD MOISE, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
BLACKMAN & SLOOP ADVISORS INC
NTEE classification
Economic Development (S30)
IRS tax category
Economic Development
Grant-giving organization
Yes
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1200
Deductibility
1
Foundation
15
Activity
059566000
Organization
1

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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