Overview
What is Mdc Inc?
Mdc Inc, based in Durham, North Carolina, is a nonprofit organization committed to improving educational systems and promoting equitable outcomes. With a team of over 40 employees, Mdc Inc supports communities by identifying and addressing barriers to educational success. Their initiatives include the Great Expectations Early Childhood Initiative, a $40 million investment in Forsyth County designed to ensure children enter kindergarten ready to learn. Additionally, they are part of the Learning for Equity: A Network for Solutions, a collaborative effort to explore the intersection of race, educational equity, and learning differences. Mdc Inc's mission is rooted in advancing equity, particularly racial and gender equity, and economic mobility in the Southern region, with a long-standing history and deep knowledge of effective strategies.
Official website here: www.mdcinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
MDC Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization boasts an impressive 93% score in Accountability & Finance, with notable strengths such as an independent board of directors comprised of 87% independent members and robust financial oversight mechanisms. Key financial ratios, including a program expense ratio of 75.84% and a liabilities to assets ratio of just 3.30%, indicate that MDC Inc effectively utilizes its resources for its programs while maintaining financial stability.
In addition to strong financial ratings, MDC Inc excels in its cultural and community engagement, scoring a perfect 100%. This indicates that the organization not only collects feedback but also effectively uses that feedback to inform its practices and operations. The high marks across various categories suggest that MDC Inc is committed to transparency and responsiveness, making it a trustworthy option for potential donors and stakeholders.
While the data highlights many strengths, it's important for potential supporters to consider how these ratings translate into real-world impact. The focus on accountability and community engagement is commendable, but individuals may wish to explore specific programs and outcomes to fully understand MDC Inc's contributions to its mission. Overall, the organization presents a strong case for support based on its financial practices and community involvement.
This AI summary has been generated from information found on Charity Navigator.
Is Mdc Inc legitimate?
Mdc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mdc Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $325,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,024,832
For more financial information, click here
Official website here: www.mdcinc.org
What is the mission statement of Mdc Inc?
MDC Inc is dedicated to advancing equity, particularly racial and gender equity, and economic mobility. With a deep commitment to the region and over 50 years of experience, MDC equips leaders, institutions, and communities with essential tools and strategies. Their mission is rooted in bringing equity and opportunity to the people they serve. They design, test, and scale effective strategies to create lasting impact.
Official website here: www.mdcinc.org
Who is the CEO of Mdc Inc?
John Ls Simpkins is the Chair of Mdc Inc.
Official website here: www.mdcinc.org
What is the revenue of Mdc Inc?
Mdc Inc's revenue in 2022 was $15,380,803.
Official website here: www.mdcinc.org
Who are the executives of Mdc Inc and what are their salaries?
The average compensation at Mdc Inc during 2022 was $57,313. There are 41 employees at Mdc Inc.
Here are 15 key members and their salaries:
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- Compensation: $142,927
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- Other: $42,878
Official website here: www.mdcinc.org
Where can I find the form 990 for Mdc Inc?
Mdc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mdcinc.org
Learn more at the official website: www.mdcinc.org
Mission Statement of Mdc Inc
MDC Inc, a pioneering nonprofit organization, is committed to equipping leaders, institutions, and communities in the South with the essential tools and strategies to advance racial and gender equity and economic mobility. With deep-rooted knowledge and over five decades of experience, MDC designs, tests, and scales effective strategies to bring equity and opportunity to the people of the region.
At the core of MDC's mission lies an unwavering dedication to the South. The organization's team of experts works tirelessly to address systemic issues and create lasting change in various sectors, including education, economic development, and community revitalization. By empowering local leaders and institutions, MDC fosters sustainable progress and helps strengthen the fabric of Southern communities.
Moreover, MDC's commitment to racial and gender equity is a guiding principle in all its endeavors. The organization recognizes that equity is a fundamental right and a key driver of economic mobility. By addressing the root causes of inequality and promoting inclusive practices, MDC strives to create an equitable playing field for all, ensuring that everyone has the opportunity to thrive and contribute to their communities.
MDC's impact reaches far and wide, as it collaborates with a diverse range of partners and stakeholders. From grassroots organizations to government agencies and academic institutions, MDC's expansive network enables it to tackle complex challenges and drive meaningful progress towards a more equitable and prosperous future for the people of the South.
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Impact
October, 2024
MDC Inc significantly impacts education and economic mobility within communities, particularly in the Southern United States. Recognizing education as a foundational element for advancing economic opportunities, MDC collaborates with various organizations, leaders, and communities to dismantle barriers hindering educational success. Through initiatives like the Great Expectations program, MDC implements substantial investments to ensure children are well-prepared for kindergarten, fostering a solid foundation for their future academic and life achievements, irrespective of their race, economic background, or geographic location.
Moreover, MDC actively engages in advancing educational equity through its Learning for Equity Network in North Carolina. This initiative highlights the crucial connection between race, educational equity, and learning differences, advocating for policies and practices that support diverse learning needs. MDC also plays a vital advisory role in programs like My Future NC, addressing post-secondary completion rates and facilitating pathways for individuals with incomplete degrees to achieve their educational goals.
The organization's commitment to understanding and enhancing transfer practices in community colleges further exemplifies its holistic approach to education. By analyzing institutional practices and policies that impact student transfers, MDC provides valuable insights to improve the experiences of non-traditional students.
In essence, MDC Inc serves as a catalyst for equitable educational outcomes, empowering individuals and communities with the resources and strategies necessary to thrive economically and socially. Its focused efforts contribute to a more inclusive and supportive educational landscape, ultimately driving positive change throughout the South.
This information is meant to be a general summary of Mdc Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $50,791
- Program Service Revenue: $2,277,336
- Gross Receipts: $15,758,343
Assets and Liabilities:
- Total Assets: $15,379,560
- Total Liabilities: $1,959,895
- Net Assets: $13,419,665
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADVISORY SERVICES
Revenue
$2,277,336
Organization Details
Founding Year
1967
Phone
(919) 381-5802Principal Officer
John Ls Simpkins
Main Address
307 WEST MAIN STREET, DURHAM, NC, 277013215
Website
www.mdcinc.orgNTEE Category
Code: S30 - Community improvement
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