2025-02-26T08:13:15-06:00 2024-06-30 560571159 BERNARD ROBINSON & COMPANY LLP 100 E CUMBERLAND STREET DUNN NC 28334 990 2023-07-01 561399587 COUNCIL FOR ENTREPRENEURIAL DEVELOPMENT COUN 9195497500 600 PARK OFFICES DRIVE 100 RESEARCH TRIANGLE PARK NC 27709 KELLY ROWELL PRESIDENT AND CEO 9195497500 2025-02-24 1 0 JOHN M ROBINSON P01281319 9108921021 2025-02-24 2023 2025-03-06 01:10:19Z KELLY ROWELL 600 PARK OFFICES DRIVE 100 RESEARCH TRIANGLE PARK NC 27709 1469741 0 X CEDNC.ORG X 1984 NC TO CONNECT ENTREPRENEURIAL COMPANIES WITH HIGH VALUE RESOURCES TO ACCELERATE BUSINESS GROWTH. 41 40 8 46 0 0 4186353 1103111 695331 349671 483 16959 0 0 4882167 1469741 0 0 0 0 745048 517581 0 0 70922 511144 1137719 1256192 1655300 3625975 -185559 4234725 3918556 409018 253408 3825707 3665148 X TO CONNECT ENTREPRENEURIAL COMPANIES WITH HIGH-VALUE RESOURECES SUCH AS EDUCATION, MENTORING AND CAPITAL CONNECTIONS/FORMATION, TO ACCELERATE BUSINESS GROWTH. 0 0 1104576 349671 CED OPERATES ITS NON-PROFIT PROGRAMS ACCORDING TO A STRATEGIC VISION ADOPTED BY THE BOARD OF DIRECTORS.PROGRAMS LIKE GRO INCUBATOR PROVIDE EDUCATION FOR EARLY STAGE COMPANIES AND FOUNDERS. THE CURRICULUM IS SUPPORTED BY SUCCESSFUL FOUNDERS WHO PROVIDE EXPERTISE AND ADVICE FOR SCALE.VENTURE CONNECT IS ANOTHER PROGRAM THAT ENABLES STARTUP COMPANIES TO CONNECT TO THE RESOURCES THEY NEED TO GROW. THIS IS THE CULMINATION OF YEAR-ROUND PROGRESS ACHIEVED THROUGH SUPPORT/GUIDANCE OFFERED BY CED TEAM DIRECTLY TO STARTUPS.THE ANNUAL CONFERENCE (VENTURE CONNECT) RETURNED TO IN-PERSON FORMAT IN 2022. THE EVENT HOSTS OVER 800 PP AND PROVIDES EDUCATION, CONNECTIONS AND NETWORKING OPPORTUNITIES.CED ENGAGES OVER 400 PARTNERS IN THE BUSINESS COMMUNITY INCLUDING STARTUPS, CORPORATE, INVESTORS, AND OTHER INDIVIDUALS. CED LAUNCHED A SUPPORT ORGANIZATION NETWORK INTENDED TO BRING TOGETHER ENTITIES SUPPORTING ENTREPRENEURS TO FOSTER COLLABORATION ACROSS THE ECOSYSTEM.CED CONTINUES TO MAINTAIN PARTNERSHIPS WITH EDUCATIONAL INSTITUTIONS HELPING TO SUPPORT BUSINESS DEVELOPMENT AND ECONOMIC GROWTH. 1104576 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 41 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 9195497500 600 PARK OFFICES DRIVE 100 RESEARCH TRIANGLE PARK NC 27709 WILLIAM SPRUILL CHAIR/EXECUTIVE COMMITTEE 1.00 X X 0 0 0 TIM WILSON SECRETARY/EXECUTIVE COMMIT 1.00 X X 0 0 0 RONNIE EUBANKS TREASURER / EXECUTIVE COMM 1.00 X X 0 0 0 SUSAN COOK EXECUTIVE COMMITTEE 0.05 X 0 0 0 MICHELLE EGGER EXECUTIVE COMMITTEE 0.05 X 0 0 0 KARL RECTANUS EXECUTIVE COMMITTEE 0.05 X 0 0 0 TIM MCLOUGHLIN EXECUTIVE COMMITTEE 0.05 X 0 0 0 GALEN ROBERTSON EXECUTIVE COMMITTEE 0.05 X 0 0 0 SCOTT UKNES EXECUTIVE COMMITTEE 0.05 X 0 0 0 SILVIA AGUIRRE DIRECTOR 0.05 X 0 0 0 NEIL BAGCHI DIRECTOR 0.05 X 0 0 0 GREGGORY BORDES DIRECTOR 0.05 X 0 0 0 MATTHEW COOKE DIRECTOR 0.05 X 0 0 0 DOUG EISNER DIRECTOR 0.05 X 0 0 0 ANNE ENGLISH DIRECTOR 0.05 X 0 0 0 RYAN BETHENCOURT DIRECTOR 0.05 X 0 0 0 TIM FLEISHMAN DIRECTOR 0.05 X 0 0 0 WADE FULGRUM DIRECTOR 0.05 X 0 0 0 ALEX GRAY DIRECTOR 0.05 X 0 0 0 PHIL GRAYESKI DIRECTOR 0.05 X 0 0 0 KELLY ROWELL PRESIDENT & CEO 40.00 X X 159750 0 14275 LILYN HESTER DIRECTOR 0.05 X 0 0 0 MARILIIS HOLM DIRECTOR 0.05 X 0 0 0 ELIZABETH KELLY DIRECTOR 0.05 X 0 0 0 JOHN MADDISON DIRECTOR 0.05 X 0 0 0 ALLISON LONDON BROWN DIRECTOR 0.05 X 0 0 0 JACKIE MANCINI DIRECTOR 0.05 X 0 0 0 TRAVIS MILKS DIRECTOR 0.05 X 0 0 0 GEORGE MOSER DIRECTOR 0.05 X 0 0 0 KEVIN MOSELY DIRECTOR 0.05 X 0 0 0 SHILA NIEVES BURNEY DIRECTOR 0.05 X 0 0 0 WILLIAM OWENS DIRECTOR 0.05 X 0 0 0 DAVID PIERSON DIRECTOR 0.05 X 0 0 0 CARLOS PIGNATORO DIRECTOR 0.05 X 0 0 0 SONNA RAMAN DIRECTOR 0.05 X 0 0 0 MAHATI SRIDHAR DIRECTOR 0.05 X 0 0 0 ALLEN TEAR DIRECTOR 0.05 X 0 0 0 ANNA THARRINGTON DIRECTOR 0.05 X 0 0 0 MEGANN VAUGHN WATTER DIRECTOR 0.05 X 0 0 0 BARB COURY DIRECTOR 0.05 X 0 0 0 MICHAEL CROOKE DIRECTOR 0.05 X 0 0 0 HUNTER YOUNG HEAD OF CAPITAL 40.00 X 119543 0 10236 JAY BIGELOW HEAD OF ENTREPRENEURSHIP 40.00 X 138994 0 20455 BRENNAN BARBER HEAD OF BUSINESS DVLP 40.00 X 118233 0 10125 536520 0 55091 4 0 1 0 0 1103111 1103111 MEMBERSHIPS, CONFERENC 900099 349671 349671 349671 16959 16959 1469741 349671 0 16959 191967 138428 27931 25608 200003 144219 29091 26693 17387 12537 2530 2320 48812 35198 7102 6512 59412 42842 8644 7926 101371 5700 95671 168101 168101 117631 10905 106726 22616 4906 15847 1863 2026 2026 EVENT EXPENSES 676812 676654 158 FOOD BEVERAGES AND CATE 39391 32405 6986 PRINTING POSTAGE AND SU 5819 782 5037 UTILITIES 2135 2135 1817 1817 1655300 1104576 479802 70922 974471 586623 255454 263934 2906400 2799338 38500 57000 7135 10131 102488 58656 13377 43832 39388 157698 4234725 3918556 37900 58981 170367 22000 154690 0 46061 172427 409018 253408 X 905882 1365810 2919825 2299338 3825707 3665148 4234725 3918556 -185559 25000 0 X 1 X 0 1 0 X 771879 279506 519770 4186353 1103111 6860619 161497 518218 552640 695331 349671 2277357 933376 797724 1072410 4881684 1452782 9137976 3906400 500000 4406400 0 3906400 500000 4406400 4731576 566 34 31 483 16959 18073 566 34 31 483 16959 18073 933942 797758 1072441 4882167 1469741 9156049 0.51680 0.57930 0.00200 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69188 58656 10532 33300 33300 43832 CAPITAL LEASE LIABILITY 172427 172427 X 1528513 58772 58772 1469741 0 1469741 1689072 33772 33772 1655300 0 1655300 PART X, LINE 2: IT IS CED'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2024 OR 2023. X X 0 0 0 0 0 0 0 0 0 KELLY ROWELL PRESIDENT & CEO 159750 0 0 0 0 0 4793 0 9482 0 174025 0 0 0 JAY BIGELOW HEAD OF ENTREPRENEURSHIP 138994 0 0 0 0 0 4170 0 16285 0 159449 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE, WHICH SERVES AS A SUBCOMMITTEE OF THE BOARD OF DIRECTORS, REVIEWS ALL MATTERS RELATED TO COMPENSATION AND POLICIES OF THE EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE DOES A DETAILED REVIEW AND REPORTS TO THE EXECUTIVE COMMITTEE AND BOARD. A DRAFT COPY OF THE ORGANIZATION'S 990 IS AVAILABLE TO THE EXECUTIVE COMMITTEE AND BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH EMPLOYEE AND BOARD MEMBER IS REQUIRED TO ACKNOWLEDGE THE ORGANIZATION'S POLICY BY SIGNING AND DISCLOSING (IF ANY) ALL POTENTIAL CONFLICTS OF INTEREST. INTERNALLY, EACH VENDOR THAT THE ORGANIZATION ENGAGES IS REVIEWED FOR CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE WHICH SERVES AS A SUBCOMMITTEE OF THE BOARD OF DIRECTORS REVIEWS ALL MATTERS RELATED TO COMPENSATION AND POLICIES OF THE EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND THE ORGANIZATION'S 990 ARE AVAILABLE UPON REQUEST.