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← NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC

Form 990 for tax year 2022

Filed by NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC.

Totals

Total revenue
$191,131
Total expenses
$113,059
Contributions and grants received
$185,200
Grants paid
$0
Program service revenue
$3,600
Investment income
$2,331
Other revenue
$0
Total assets, end of year
$278,909
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$278,909
Program services expenses (Part IX)
$113,059
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$113,059

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $10,000

  • 1f · All other contributions, gifts and grants

    $175,200

  • 2a · Program service revenue: Scholarships

    total $3,600 · related or exempt $3,600

  • 3 · Investment income

    total $2,331 · related or exempt $2,331

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $30,000 · program services $30,000

  • 23 · Insurance

    total $698 · program services $698

  • 24a · Other expenses: CLT 2020 Grant

    total $57,230 · program services $57,230

  • 24b · Other expenses: Scholarships

    total $18,091 · program services $18,091

  • 24c · Other expenses: Other

    total $7,040 · program services $7,040

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200,836 · end of year $278,909

  • 27 · Net assets without donor restrictions

    beginning of year $200,836 · end of year $278,909

Mission and programs · 2022

Mission

To advance the economic development profession, enhance the knowledge and skills of economic developers and strengthen the broad, statewide economic development community in North Carolina

Activities or mission (Part I)

To advance the economic development profession enhance the knowledge and skills of economic developers in North Carolina

  • TO ADVANCE THE ECONOMIC DEVELOPMENT PROFESSION, ENHANCE THE KNOWLEDGE AND SKILLS OF ECONOMIC DEVELOPERS AND STRENGTHEN THE BROAD, STATEWIDE ECONOMIC DEVELOPMENT COMMUNITY IN NORTH CAROLINA.

    Expenses $113,059 · Revenue $191,131

As filed on the 2022 return.

Listed in Part VII

  • Dr Patricia Mitchell

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Randall Johnson

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Dobbins-Smith

    SecretaryTreasurer

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349313335

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