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Nonprofit · EIN 87-3524937

NC BUDGET & TAX CENTER

Also known as BUDGET & TAX CENTER

Tax-exempt · DURHAM, NC 27701

Financials

$2.7M$1.2M2023$1.5M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of NC BUDGET & TAX CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,530,363$1,621,438-$91,075$1,682,806$83,862$1,598,944
December 31, 2023990$2,703,395$1,163,686$1,539,709$1,563,412$23,703$1,539,709
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,471,132
Program service revenue
$2,660
Investment income
$51,251
Other revenue
$5,320

Expenses

Grants and similar amounts paid
$57,197
Compensation of officers, directors and key employees
$117,540
Other salaries and wages
$810,286
Salaries, compensation and benefits (total)
$1,026,214
Professional fundraising fees
$0
Legal fees
$1,815
Accounting fees
$43,726
Occupancy
$10,579
Travel
$30,191
Depreciation
$4,880
Program services (functional)
$1,073,979
Management and general (functional)
$537,674
Fundraising (functional)
$9,785

Balance sheet and other

Total assets, start of year
$1,563,412
Total assets, end of year
$1,682,806
Total liabilities, end of year
$83,862
Net assets, end of year
$1,598,944
Land, buildings and equipment
$9,759
Net assets without donor restrictions
$885,179
Net assets with donor restrictions
$713,765
Gross receipts
$1,530,363
Employees
0
Volunteers
6
Year formed
2021
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ALEXANDRA SIROTAEXECUTIVE DIRECTOR
Officer
40$117,540
MARCUS BASSBOARD CHAIR
Trustee or director
2$0
ELAINE MEJIAVICE CHAIR
Trustee or director
2$0
MICHELLE HUGHESTREASURER
Trustee or director
2$0
TYLER DAYEMEMBER
Trustee or director
1$0
FELISHA MCELVINEMEMBER
Trustee or director
1$0
MEG WIEHEMEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationOther / benefits
ALEXANDRA SIROTAEXECUTIVE DIRECTOR
Officer
40$108,364$10,360
MARCUS BASSCHAIR
Trustee or director, Officer
1$0$0
MICHELLE HUGHESTREASURER
Trustee or director, Officer
1$0$0
MARGARET MEJIASECRETARY
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
323 E CHAPEL HILL STREET 25374, DURHAM, NC 27701-9997
In care of
% ALEXANDRA SIROTA
Mailing address (990-N for 2022)
PO Box 25374, Durham NC 27702
Principal officer (990 for 2024)
ALEXANDRA SIROTA, 323 E CHAPEL HILL STREET 25374, DURHAM, NC 27701
Principal officer (990-N for 2022)
Alexandra Sirota, PO Box 25374, Durham NC 27702
Signed the 990
ALEXANDRA SIROTA, EXECUTIVE DIRECTOR
Phone
(919) 423-1914
Return prepared by
SHARPE PATEL CPA

Mission

AS A NONPROFIT, NONPARTISAN ORGANIZATION, WE WORK TO DOCUMENT AND ANALYZE FISCAL AND ECONOMIC CONDITIONS IN PARTNERSHIP WITH COMMUNITY LEADERS AND NORTH CAROLINIANS WITH LIVED EXPERIENCE OF POVERTY TO ADVANCE SYSTEMIC SOLUTIONS THROUGH PUBLIC POLICY THAT DRIVES CHANGE.

990 for the year ended December 31, 2024

Program accomplishments

  • CONDUCTED RESEARCH TO DOCUMENT FISCAL AND ECONOMIC CONDITIONS IN NORTH CAROLINA, RESULTING IN MORE THAN 40 PUBLICATIONS.ENGAGED WITH COMMUNITIES ACROSS THE STATE TO IDENTIFY PRIORITIES FOR BUDGET AND TAX POLICY, INCLUDING THE ALLOCATION OF FEDERAL FUNDS, LEADING TO INCREASED CAPACITY TO CONNECT WITH PUBLIC BUDGET PROCESSES IN MORE THAN 20 COMMUNITIES.COMMUNICATED WITH THE PUBLIC TO BUILD AWARENESS OF THE IMPACT OF POLICY CHOICES ON WELL-BEING BY ENGAGING DIRECTLY WITH THE MEDIA, POSTING ON SOCIAL MEDIA, AND ADVERTISING IN VARIOUS PUBLICATIONS.BULDING THE WILL OF POLICYMAKERS TO ACT ON COMMUNITY-DRIVEN SOLUTIONS BY CONNECTING MORE PEOPLE TO THE POLICY PROCESS, MONITORING THE LEGISLATIVE PROCESS, AND CONDUCTING INDEPENDENT ANALYSIS OF LEGISLATIVE PROPOSALS.
    Expenses $1,073,979 · grants $57,197 · revenue $7,980

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-3524937
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,682,806
Income (IRS master file)
$1,530,363

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,530,363$1,621,438$1,682,806XML
990December 2023$2,703,395$1,163,686$1,563,412XML
990-N for 2022
Officer: Alexandra Sirota
December 31, 2022≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-3524937).

Questions about NC BUDGET & TAX CENTER

What is the EIN of NC BUDGET & TAX CENTER?
The employer identification number (EIN) of NC BUDGET & TAX CENTER is 87-3524937.
Is NC BUDGET & TAX CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to NC BUDGET & TAX CENTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NC BUDGET & TAX CENTER file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NC BUDGET & TAX CENTER due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NC BUDGET & TAX CENTER last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NC BUDGET & TAX CENTER?
The 990 for the year ended December 31, 2024 names ALEXANDRA SIROTA.
Who are the officers and directors of NC BUDGET & TAX CENTER?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $117,540 (ALEXANDRA SIROTA, EXECUTIVE DIRECTOR).
How much revenue does NC BUDGET & TAX CENTER have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,530,363, expenses of $1,621,438 and total assets of $1,682,806 at year end.

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