Form 990 for tax year 2022
Filed by NORTH CAROLINAS EASTERN ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $2,617,071
- Total expenses
- $861,118
- Contributions and grants received
- $2,564,709
- Grants paid
- $0
- Program service revenue
- $49,650
- Investment income
- $1,275
- Other revenue
- $1,437
- Total assets, end of year
- $1,993,344
- Total liabilities, end of year
- $38,996
- Net assets or fund balances, end of year
- $1,954,348
- Program services expenses (Part IX)
- $861,118
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $861,118
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.
-
1e · Government grants (contributions)
$1,875,281
-
1f · All other contributions, gifts and grants
$689,428
-
2a · Program service revenue: CONSULTING
total $45,000 · related or exempt $45,000
-
2b · Program service revenue: RENTAL INCOME
total $4,650 · related or exempt $4,650
-
3 · Investment income
total $1,275 · related or exempt $1,275
-
11a · Other revenue: MISCELLANEOUS
total $1,437 · related or exempt $1,437
-
11e · Other revenue, total
$1,437
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $178,459 · program services $178,459
-
8 · Pension plan contributions
total $10,615 · program services $10,615
-
9 · Other employee benefits
total $18,478 · program services $18,478
-
10 · Payroll taxes
total $13,533 · program services $13,533
-
11a · Fees: management
total $289,506 · program services $289,506
-
17 · Travel
total $19,446 · program services $19,446
-
19 · Conferences, conventions and meetings
total $7,490 · program services $7,490
-
23 · Insurance
total $1,960 · program services $1,960
-
24a · Other expenses: STEM CONSULTANTS
total $159,000 · program services $159,000
-
24b · Other expenses: RENT EXPENSE
total $80,600 · program services $80,600
-
24c · Other expenses: PUBLIC RELATIONS
total $19,872 · program services $19,872
-
24d · Other expenses: TELEPHONE
total $14,213 · program services $14,213
-
24e · All other expenses
total $47,946 · program services $47,946
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $254,829 · end of year $400,487
-
3 · Pledges and grants receivable
end of year $1,580,857
-
4 · Accounts receivable
beginning of year $11,938
-
9 · Prepaid expenses and deferred charges
end of year $12,000
-
17 · Accounts payable and accrued expenses
beginning of year $68,372 · end of year $38,996
-
27 · Net assets without donor restrictions
beginning of year $198,395 · end of year $368,030
-
28 · Net assets with donor restrictions
end of year $1,586,318
Mission and programs · 2022
Mission
THE ORGANIZATION IS DEVELOPING NETWORKS THROUGH THE COLLABORATIVE EFFORTS OF REGIONAL BUSINESSES, SCHOOL DISTRICTS, ECONOMIC DEVELOPMENT MUNICIPALITIES, PRIVATE FOUNDATIONS, STATE AND LOCAL GOVERNMENT AND MANY OTHERS, OUR INTENT IS THAT STUDENTS ACROSS OUR REGION WILL ENGAGE IN REAL-WORLD STEM LEARNING OPPORTUNITIES THAT DIRECTLY ALIGN WITH CAREER OPPORTUNITIES IN EASTERN NORTH CAROLINA.
-
DURING THE YEAR, THE ORGANIZATION WORKED DIRECTLY WITH MANY BOARD OF EDUCATION THROUGHOUT EASTERN NORTH CAROLINA, ASSISTING IN IMPLEMENTING STEM EDUCATIONAL TOOLS AND LEARNING ENVIRONMENTS.
Expenses $861,118 · Revenue $52,362
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Vann RogersonVANN ROGERSON
EXECUTIVE DIRECTOR
- Total calculated
- $72,000
- From this org
- $72,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20 + 20 related
-
Mark HamblinMARK HAMBLIN
CHARIMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Todd EdwardsTODD EDWARDS
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Aaron OuelletteAARON OUELLETTE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Michael WaldrumDR MICHAEL WALDRUM
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Roland VaughanROLAND VAUGHAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Amy BraswellAMY BRASWELL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sharon PaynterSHARON PAYNTER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tony KhouryTONY KHOURY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jerry JonesJERRY JONES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tracey JohnsonTRACEY JOHNSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NORTH CAROLINAS EASTERN ALLIANCE CORPORATION
501(C)(4) · TO PROMOTE AND ENCOURAGE ECONOMIC DEVELOPMENT WITHIN EASTERN NORTH CAROLINA · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349313827
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.