Form 990 for tax year 2023
Filed by YADKIN VALLEY ECONOMIC DEVELOPMENT DISTRICT INC.
Totals
- Total revenue
- $15,833,638
- Total expenses
- $16,062,168
- Contributions and grants received
- $11,014,962
- Grants paid
- $0
- Program service revenue
- $4,810,213
- Investment income
- $8,463
- Other revenue
- $0
- Total assets, end of year
- $7,230,652
- Total liabilities, end of year
- $2,453,491
- Net assets or fund balances, end of year
- $4,777,161
- Program services expenses (Part IX)
- $14,802,402
- Management and general expenses
- $1,259,766
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $14,802,402
Program services were 92.2% 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.
-
1e · Government grants (contributions)
$9,561,773
-
1f · All other contributions, gifts and grants
$1,453,189
-
2a · Program service revenue: Participant Transportation Services
total $3,363,640 · related or exempt $3,363,640
-
2b · Program service revenue: Indirect Cost
total $753,212 · related or exempt $753,212
-
2c · Program service revenue: WAP
total $493,185 · related or exempt $493,185
-
2d · Program service revenue: Surry Family Resource Center
total $155,705 · related or exempt $155,705
-
2e · Program service revenue: Senior Center Operation
total $44,471 · related or exempt $44,471
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
other assets $19,293
-
7b · Less cost or other basis and sales expenses
other assets $10,830
-
7c · Gain or loss
securities $0 · other assets $8,463
-
7d · Net gain or loss
total $8,463 · related or exempt $8,463
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $89,342 · program services $81,301 · management and general $8,041
-
7 · Other salaries and wages
total $5,286,276 · program services $4,925,671 · management and general $360,605
-
9 · Other employee benefits
total $1,268,329 · program services $1,214,828 · management and general $53,501
-
10 · Payroll taxes
total $616,334 · program services $577,225 · management and general $39,109
-
11b · Fees: legal
total $800 · program services $800
-
11c · Fees: accounting
total $107,600 · program services $107,600
-
11g · Fees: other
total $676,986 · program services $673,754 · management and general $3,232 · fundraising $0
-
12 · Advertising and promotion
total $138,158 · program services $125,475 · management and general $12,683
-
13 · Office expenses
total $241,783 · program services $220,375 · management and general $21,408
-
14 · Information technology
total $156,300 · program services $127,776 · management and general $28,524
-
16 · Occupancy
total $827,076 · program services $780,654 · management and general $46,422
-
17 · Travel
total $1,302,749 · program services $1,299,102 · management and general $3,647
-
19 · Conferences, conventions and meetings
total $4,214 · program services $4,214
-
20 · Interest
total $4,385 · management and general $4,385
-
22 · Depreciation, depletion and amortization
total $386,888 · program services $329,078 · management and general $57,810
-
23 · Insurance
total $479,553 · program services $354,755 · management and general $124,798
-
24a · Other expenses: Miscellaneous
total $1,606,574 · program services $1,110,973 · management and general $495,601
-
24b · Other expenses: Volunteer
total $1,509,792 · program services $1,509,792
-
24c · Other expenses: Food
total $537,650 · program services $537,650
-
24d · Other expenses: Supplies and Materials
total $514,105 · program services $514,105
-
24e · All other expenses
total $307,274 · program services $307,274 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,580,441 · end of year $2,241,020
-
3 · Pledges and grants receivable
beginning of year $1,348,833 · end of year $929,306
-
4 · Accounts receivable
beginning of year $320,779 · end of year $174,737
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $94,949 · end of year $99,712
-
10a · Land, buildings and equipment: cost or other basis
$10,225,981
-
10b · Land, buildings and equipment: accumulated depreciation
$7,974,559
-
10c · Land, buildings and equipment, net
beginning of year $2,020,854 · end of year $2,251,422
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $1,534,455
-
17 · Accounts payable and accrued expenses
beginning of year $1,525,862 · end of year $769,299
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $110,812 · end of year $45,254
-
25 · Other liabilities
beginning of year $101,160 · end of year $1,638,938
-
27 · Net assets without donor restrictions
beginning of year $2,353,057 · end of year $3,156,626
-
28 · Net assets with donor restrictions
beginning of year $2,274,965 · end of year $1,620,535
Mission and programs · 2023
Mission
THE MISSION OF YVEDD, INC IS TO PROVIDE QUALITY PROGRAMS AND SERVICES TO ALLEVIATE THE CAUSES AND CONDITIONS OF POVERTY AND TO ENHANCE THE QUALITY OF LIFE FOR LOW INCOME AND ELDERLY CITIZENS.
-
YVEDD, INC IS ENGAGED IN PROVIDING NON-URBAN TRANSPORTATION SERVICES FOR THE FOUR COUNTY AREA. THE TRANSPORTATION SERVICES PROVIDED ARE CONDUCTED USING GRANT FUNDING AND CONTRACTS FROM FEDERAL, STATE AND LOCAL SOURCES AS WELL AS FEES CHARGED FOR SERVICES PROVIDED TO ELIGIBLE INDIVIDUALS.
Expenses $5,760,956 · Revenue $3,363,640
-
CSBG SELF-SUFFICIENCY PROGRAM; OAA TITLE III, A & B; SENIOR CENTER OPERATIONS (5 CENTERS); WEATHERIZATION ASSISTANCE PROGRAM; WAP/HARPP; RSVP-ELDERLY VOLUNTEER SERVICES; DOMESTIC VIOLENCE-EDUCATION AND PREVENTION; FEMA
Expenses $4,576,903 · Revenue $537,656
-
YVEDD, INC IS ENGAGED IN PROVIDING EARLY LEARNING OPPORTUNITIES TO ELIGIBLE PARTICIPANTS IN THE FOUR COUNTY AREA. THE SERVICES ARE PROVIDED UNDER HEAD START GRANTS AND LOCAL AND STATE CONTRACTS.
Expenses $4,231,986 · Revenue $753,212
-
YVEDD, INC PROVIDES CHILD AND ELDERLY NUTRITION SERVICES TO ELIGIBLE PARTICIPANTS IN THE FOUR COUNTY AREA. THESE SERVICES ARE PROVIDED UNDER THE USDA CHILD AND ADULT FOOD PROGRAMS, USDA COMMODITY FOODS AND THE US DHHS TITLE III, PART C ELDERLY NUTRITION PROGRAMS.
Expenses $232,557 · Revenue $155,705
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jim BrownJIM BROWN
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Mickey CartnerMICKEY CARTNER
ChairMAN
- Total calculated
- $0
- Hours/week
- 5
-
Sylvia JessupSYLVIA JESSUP
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Tom Bachman
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Amy Bryant
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Angie Walker
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Benita Finney
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brad Chandler
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brent Ward
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christie Paschall
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cliff Collins
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Debra JessupDEBRA JESSUP
Board MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eddie HarrisEDDIE HARRIS
BoaRD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joey Tilley
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Keith Wood
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kelly CraineKELLY CRAINE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Austin
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Larry Hayes
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Larry Johnson
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Ledbetter
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pam Crouse
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard LaskyRICHARD LASKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shelby KingSHELBY KING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne WrightSUZANNE WRIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kathy PayneKATHY PAYNE
EXECUTIVE DIRECTOR
- Total calculated
- $89,342
- From this org
- $89,342
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 17 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540179349301734
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