ECONOMIC DEVELOPMENT PARTNERSHIP OF NORTH CAROLINA INC

As filed

Subsection

03

NTEE code

S30

Classification

1000

Street

150 FAYETTEVILLE ST STE 1200

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• EDPNC'S VISIT NC TEAM RESPONDED IMMEDIATELY TO HURRICANE HELENE'S DESTRUCTION THROUGH EXTENSIVE PARTNER COMMUNICATIONS, PROACTIVE MEDIA RELATIONS, ITS WELL-PUBLICIZED INTERACTIVE TRAVEL ADVISORY MAP, AND MORE. THE TEAM'S FOCUS QUICKLY SHIFTED TO SUPPORTING THE MOUNTAIN DESTINATIONS LESS AFFECTED AND ABLE TO WELCOME VISITORS DURING THE VITAL FALL, HOLIDAY/WINTER, AND SPRING SEASONS. AS SEASONS PROGRESSED INTO SPRING AND SUMMER, EFFORTS EVOLVED TO EMPHASIZE TRAVEL INSPIRATION. VISIT NC HAS CONTINUED TO LEVERAGE THE ADDITIONAL, INCREMENTAL RECOVERY FUNDS WITH THE SAME SENSE OF URGENCY AND COMMITMENT. WITH A ROBUST SUMMER CAMPAIGN IN MOTION, EMPHASIS REMAINS ON STRENGTHENING AND EXTENDING THE CAMPAIGN'S REACH AND EFFECTIVENESS THROUGH SUMMER, FALL, AND WINTER 2025 TO INSPIRE TRAVEL AND HELP REVITALIZE WESTERN NORTH CAROLINA'S VITAL TOURISM ECONOMY.DESPITE SIGNIFICANT HEADWINDS BROUGHT ON BY HURRICANE HELENE, TOURISM IN NORTH CAROLINA CONTINUED TO BREAK RECORDS IN 2024, WITH TRAVEL SPENDING STATEWIDE RISING TO $36.7 BILLION. THAT TOTAL ECLIPSED THE PREVIOUS RECORD OF $35.6 BILLION SET IN 2023. DIRECT TOURISM EMPLOYMENT ALSO INCREASED STATEWIDE BY 1.4% TO 230,338 IN 2024.

  Expenses $26,521,387 · Revenue $541,933

• THE EDPNC OFFERS ANOTHER SPECIALIZED SERVICE TO NORTH CAROLINA COMPANIES: ASSISTING THEM TO ENTER FOREIGN MARKETS AND EXPAND THEIR INTERNATIONAL SALES. IN FISCAL YEAR 2025, THE EDPNC'S INTERNATIONAL TRADE MANAGERS AND FOREIGN OFFICES PROVIDED EXPORT ASSISTANCE TO 463 COMPANIES ACROSS ALL EIGHT MULTICOUNTY 'PROSPERITY ZONES.' THE ASSISTANCE INCLUDED PROVIDING MARKET INTELLIGENCE AND STRATEGIES, PRODUCT ANALYSIS, DISTRIBUTOR SEARCHES, LOCALIZATION OF WEBSITES AND MARKETING MATERIALS, AND SUPPORT AT TRADE SHOWS AND TRADE MISSIONS. DURING FISCAL YEAR 2025, THE INTERNATIONAL TRADE TEAM DEVELOPED A NEW TRADE ACCELERATOR PROGRAM EXPECTED TO LAUNCH IN LATE 2025 THAT WILL GUIDE A COHORT OF NORTH CAROLINA COMPANIES THROUGH AN INTENSIVE CURRICULUM AND CULMINATE IN AN INTERNATIONAL TRADE MISSION.

  Expenses $2,440,430 · Revenue $24,975

• EDPNC AND PARTNERS SUCCESSFULLY COMPETED FOR 128 BUSINESS RECRUITMENT AND EXPANSION PROJECTS RESULTING IN THE ANNOUNCEMENT OF 29,983 NEW JOBS IN NORTH CAROLINA AND $25.3 BILLION IN INVESTMENT, BOTH MARKS DOUBLING THE PREVIOUS YEAR'S TALLIES. THE YEAR WAS HEADLINED BY JETZERO'S PLANS FOR A NEW COMMERCIAL AIRPLANE MANUFACTURING FACILITY AT PIEDMONT TRIAD INTERNATIONAL AIRPORT. THE COMMITMENT TO CREATE 14,564 JOBS IS THE LARGEST JOBS ANNOUNCEMENT IN STATE HISTORY. ALSO ANNOUNCED WERE JABIL'S 2,004-JOB, $264 MILLION MANUFACTURING FACILITY IN ROWAN COUNTY; AMAZON WEB SERVICES' 500-JOB, $10 BILLION INVESTMENT IN RICHMOND COUNTY; PRATT & WHITNEY'S 325-JOB, $285 MILLION COMMITMENT TO BUNCOMBE COUNTY; AND A FLURRY OF LIFE SCIENCES AND BIOTECHNOLOGY ANNOUNCEMENTS INCLUDING, AMONG OTHERS, AMGEN AND GENENTECH IN WAKE COUNTY AND JOHNSON & JOHNSON AND IDEXX LABORATORIES IN WILSON COUNTY.

  Expenses $3,189,842

• EXISTING INDUSTRY, SMALL BUSINESS SUPPORT; BUSINESS DEVELOPMENT, AND BUSINESS RESEARCH AND MARKETING.

  Expenses $16,391,474 · Revenue $47,681,618

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $52,335,240

  Expenses

  $51,477,973

  Contributions

  $2,642,875

  Grants paid

  $0

• 2023

  Revenue

  $42,149,721

  Expenses

  $40,730,902

  Contributions

  $2,438,783

  Grants paid

  $0

• 2022

  Revenue

  $52,521,206

  Expenses

  $51,278,426

  Contributions

  $2,297,690

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $25,900,688

  Expenses

  $25,058,045

  Assets (EOY)

  $8,246,221

• 2020 · 990

  Revenue

  $39,872,083

  Expenses

  $38,513,454

  Assets (EOY)

  $8,597,850

• 2019 · 990

  Revenue

  $20,898,417

  Expenses

  $20,293,375

  Assets (EOY)

  $10,570,203

• 2018 · 990

  Revenue

  $23,011,507

  Expenses

  $23,225,749

  Assets (EOY)

  $3,583,941

• 2017 · 990

  Revenue

  $24,333,761

  Expenses

  $23,416,160

  Assets (EOY)

  $3,793,975

• 2016 · 990

  Revenue

  $23,881,184

  Expenses

  $23,951,177

  Assets (EOY)

  $8,432,840

• 2015 · 990

  Revenue

  $18,985,435

  Expenses

  $18,672,260

  Assets (EOY)

  $3,012,255

• 2014 · 990

  Revenue

  $14,848,641

  Expenses

  $12,904,580

  Assets (EOY)

  $2,593,708

• 2013 · 990

  Revenue

  $0

  Expenses

  $0

  Assets (EOY)

  $0

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• AMERICAN ONLINE GIVING FOUNDATION INC

  $500,000

  2023 · GENERAL SUPPORT

• NORTH CAROLINA ASSOCIATION OF REALTORS INC

  $50,000

  2022 · CONTRIBUTION

• NORTH CAROLINA ASSOCIATION OF REALTORS INC

  $50,000

  2024 · CONTRIBUTION

• NORTH CAROLINA ASSOCIATION OF REALTORS INC

  $50,000

  2023 · CONTRIBUTION

• NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION

  $49,500

  2025 · ECONOMIC DEVELOPMENT ASSISTANCE

• NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION

  $47,500

  2023 · ECONOMIC DEVELOPMENT ASSISTANCE

• NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION

  $41,250

  2022 · ECONOMIC DEVELOPMENT ASSISTANCE

• NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION

  $25,000

  2024 · ECONOMIC DEVELOPMENT ASSISTANCE

• CHARITIES AID FOUNDATION AMERICA

  $10,000

  2024 · CHARITABLE DONATION

• COMMUNITY FOUNDATION OF WESTERN PENNSYLVANIA AND EASTERN OHIO

  $10,000

  2024 · PROGRAM SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files