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NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER

EIN 84-1779855 DURHAM, NC

Browse the largest nonprofits in North Carolina

Revenue 2025
$320,891
Expenses 2025
$224,741

Program services were 51.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
J21
Classification
1000
Street
411 W CHAPEL HILL ST STE C

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 · 2025

Mission

THE NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER IS AN EDUCATIONAL NONPROFIT WHOSE MISSION IS TO PROTECT JOBS, INCREASE COMMUNITY WEALTH, AND CREATE A MORE VIBRANT, INCLUSIVE ECONOMY THROUGH EMPLOYEE OWNERSHIP.

Activities or mission (Part I)

PROTECT JOBS, INCREASE COMMUNITY WEALTH, & CREATE A MORE INCLUSIVE ECONOMY THROUGH EMPLOYEE OWNERSHIP.

  • THE NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER (NCEOC) SEEKS TO EXPAND THE NUMBER OF EMPLOYEE OWNED BUSINESSES IN NORTH CAROLINA. WE DO THIS THROUGH EDUCATING BUSINESS OWNERS, TRUSTED ADVISORS AND OTHER SUPPORTERS AS WELL AS SUPPORTING BUSINESS OWNERS AS THEY CONTEMPLATE THEIR EXIT PLAN OR CONSIDER OTHER REASONS TO CONVERT SOME OF ALL OF THEIR BUSINESS TO EMPLOYEE OWNERSHIP. WE FORMALIZED A PARTNERSHIP CALLED ROOTS WHICH INCLUDES: MOUNTAIN BIZWORKS AND THE INDUSTRIAL COMMONS TO HELP SUPPORT SMALL AND MEDIUM SIZED BUSINESS OWNERS IN WESTERN NORTH CAROLINA WHERE THE NEED IS EXACERBATED BY HURRICANE HELENE EFFECTS. 2025 ACTIVITIES: -CONDUCTED 40 PRESENTATIONS WITH OVER 600 ATTENDEES, -HAD 130 MEETINGS WITH POTENTIAL PARTNERS -SPOKE OR EXHIBITED AT 5 CONFERENCES -MET WITH 10 BUSINESS OWNERS LOOKING AT CONVERTING TO EMPLOYEE OWNED BUSINESS MODELS -REFERRED 7 BUSINESSES TO SERVICE PROVIDERS TO HELP THEM ACHIEVE THEIR GOALS -CONDUCTED 2 "AMBASSADOR" WEBINAR SERIES -OFFERED 3 CE CREDIT SESSIONS FOR EXIT PLANNERS, FINANCIAL PLANNERS AND ADVISORS -HELD SEVERAL "LUNCH AND LEARN" SESSIONS WITH BANKERS, SBTDC REGIONAL OFFICES AND ENTREPRENEURIAL INCUBATORS.

    Expenses $115,779 · Revenue $12,500

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Illa Burbank

    Executive Dir.

    Total calculated
    $66,667
    From this org
    $66,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Patrick McHugh

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gale Marett

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Zarin Kresge

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Andrew Foster

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Pamela Colley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Merald Holloway

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • La-Tasha Best-Gaddy

    Treasurer

    Total calculated
    $0
    Hours/week
    1.5

  • Colin Kiser

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Aaron Dawson

    Secretary

    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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $320,891
    Expenses
    $224,741
    Contributions
    $304,829
    Grants paid
    $0
  • 2023
    Revenue
    $249,602
    Expenses
    $156,594
    Contributions
    $251,636
    Grants paid
    $0
  • 2022
    Revenue
    $215,810
    Expenses
    $149,324
    Contributions
    $216,654
    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-EZ

    Revenue
    $103,860
    Expenses
    $94,443
    Assets (EOY)
    $62,088

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.

Form 990-N e-Postcard, tax year 2020

Tax period
1 January 2020 to 31 December 2020
Principal officer
LaTasha Best Gaddy
Mailing address
Post Office Box 1048Durham NC 27702
Website
www.nceoc.org

As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

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

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.