Form 990 for tax year 2023
Filed by NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC.
Totals
- Total revenue
- $213,335
- Total expenses
- $89,364
- Contributions and grants received
- $206,370
- Grants paid
- $0
- Program service revenue
- $2,600
- Investment income
- $4,365
- Other revenue
- $0
- Total assets, end of year
- $402,879
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $402,879
- Program services expenses (Part IX)
- $81,514
- Management and general expenses
- $7,850
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $74,816
Program services were 91.2% 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
$10,200
-
1f · All other contributions, gifts and grants
$196,170
-
2a · Program service revenue: Scholarship
total $2,600 · related or exempt $2,600
-
3 · Investment income
total $4,365 · related or exempt $4,365
-
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
-
11c · Fees: accounting
total $7,850 · management and general $7,850
-
13 · Office expenses
total $410 · program services $410
-
23 · Insurance
total $698 · program services $698
-
24a · Other expenses: Scholarships
total $32,594 · program services $32,594
-
24b · Other expenses: CLT 2020 Grant
total $9,911 · program services $9,911
-
24c · Other expenses: Other
total $7,901 · program services $7,901
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $278,909 · end of year $402,879
-
27 · Net assets without donor restrictions
beginning of year $166,350 · end of year $402,879
-
28 · Net assets with donor restrictions
beginning of year $112,559
Mission and programs · 2023
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 $74,816 · Grants $9,911 · Revenue $213,335
As filed on the 2023 return.
Listed in Part VII
-
DR PATRICIA MITCHELL
Chair
- Total calculated
- $0
-
RANDALL JOHNSON
Vice Chair
- Total calculated
- $0
-
ELIZABETH DOBBINS-SMITH
SecretaryTreasurer
- Total calculated
- $0
-
JOANNA HELMS
Director
- Total calculated
- $0
-
DR GARY LANIER
Director
- Total calculated
- $0
-
ANDRE LENNON
Director
- Total calculated
- $0
-
RAUL PERALTA
Director
- Total calculated
- $0
-
CRYSTAL MORPHIS
Director
- Total calculated
- $0
-
CHRIS PLATE
Director
- Total calculated
- $0
-
RYAN NANCE
Director
- Total calculated
- $0
-
STEVE YOST
Director
- Total calculated
- $0
-
ERNIE PEARSON
General Counsel
- Total calculated
- $0
-
YOLANDA BRISCO
General Counsel
- Total calculated
- $0
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
- 2023
- Filed
- 3 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500939349300005
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