Nonprofit · EIN 20-2384314
ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION
Tax-exempt · BURLINGTON, NC 27216
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $451,969 | $436,101 | $15,868 | $1,498,338 | $0 | $1,498,338 |
| December 31, 2024 | 990 | $375,751 | $370,701 | $5,050 | $1,482,470 | $0 | $1,482,470 |
| December 31, 2023 | 990 | $400,737 | $398,302 | $2,435 | $1,454,659 | $0 | $1,454,659 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $406,350
- Program service revenue
- $0
- Investment income
- $45,619
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $111,400
- Other salaries and wages
- $148,200
- Salaries, compensation and benefits (total)
- $189,557
- Professional fundraising fees
- $0
- Accounting fees
- $3,165
- Depreciation
- $285
- Program services (functional)
- $408,300
- Management and general (functional)
- $27,801
Balance sheet and other
- Total assets, start of year
- $1,482,470
- Total assets, end of year
- $1,498,338
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,498,338
- Land, buildings and equipment
- $429
- Net assets without donor restrictions
- $1,439,280
- Net assets with donor restrictions
- $59,058
- Gross receipts
- $451,969
- Employees
- 0
- Volunteers
- 11
- Year formed
- 2005
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REAGAN GURAL | PRESIDENT Trustee or director, Officer | 5 | $0 |
| PATRICIA RHODES | TREASURER Trustee or director, Officer | 5 | $0 |
| RYAN MOFFITT | CHAIR Trustee or director, Officer | 5 | $0 |
| ED HOOKS | DIRECTOR Trustee or director | 1 | $0 |
| GRIFFIN MCCLURE | DIRECTOR Trustee or director | 1 | $0 |
| GREG LUNSFORD | DIRECTOR Trustee or director | 1 | $0 |
| TED CHANDLER | DIRECTOR Trustee or director | 1 | $0 |
| SARA CLOUD | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK NOLTEMEYER | DIRECTOR Trustee or director | 1 | $0 |
| RACHEL BALDWIN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REAGAN GURAL | PRESIDENT Trustee or director | 5 | $0 |
| PATRICIA RHODES | TREASURER Trustee or director, Officer | 5 | $0 |
| DOUG HYMAN | PAST CHAIR Trustee or director | 5 | $0 |
| ED HOOKS | DIRECTOR Trustee or director | 1 | $0 |
| GRIFFIN MCCLURE | CHAIR Trustee or director, Officer | 5 | $0 |
| GREG LUNSFORD | DIRECTOR Trustee or director | 1 | $0 |
| TED CHANDLER | DIRECTOR Trustee or director | 1 | $0 |
| TOM MCGOWEN | DIRECTOR - NON-VOTING Trustee or director | 1 | $0 |
| PATRICK NOLTEMEYER | DIRECTOR Trustee or director | 1 | $0 |
| MARTA MOOS | DIRECTOR Trustee or director | 1 | $0 |
| RYAN MOFFITT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REAGAN GURAL | PRESIDENT Trustee or director, Officer | 5 | $0 |
| REED LAPLANTE | PAST CHAIR Trustee or director, Officer | 5 | $0 |
| PATRICIA RHODES | TREASURER Trustee or director, Officer | 5 | $0 |
| DOUG HYMAN | CHAIR Trustee or director, Officer | 5 | $0 |
| ED HOOKS | DIRECTOR Trustee or director | 1 | $0 |
| GRIFFIN MCCLURE | CHAIR-ELECT Trustee or director, Officer | 5 | $0 |
| GREG LUNSFORD | DIRECTOR Trustee or director | 1 | $0 |
| JEFF STEIN RESIGNED | DIRECTOR Trustee or director | 1 | $0 |
| TED CHANDLER | DIRECTOR Trustee or director | 1 | $0 |
| TOM MCGOWEN | DIRECTOR - NON-VOTING Trustee or director | 1 | $0 |
| KELLY G MAY | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK NOLTEMEYER REPLACEMENT | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 450, BURLINGTON, NC 27216-0450
- In care of
- % DAVID A WILLIAMS III
- Principal officer (990 for 2025)
- REAGAN C GURAL, PO BOX 450, BURLINGTON, NC 27216
- Signed the 990
- REAGAN C GURAL, PRESIDENT
- Phone
- (336) 228-1338
- Website
- WWW.ALAMANCECHAMBER.COM
- Return prepared by
- GILLIAM BELL MOSER LLP
Mission
THE MISSION OF THE FOUNDATION IS TO ENHANCE THE WELFARE OF BUSINESS AND TO PROMOTE AND STIMULATE ECONOMIC VITALITY IN THE ALAMANCE COUNTY AREA FOR THE BENEFIT OF ITS MEMBERS AND THE COMMUNITY.
Program accomplishments
- THE FOUNDATION'S ACTIVITIES SEEK TO INCREASE JOBS AND NEW INVESTMENT IN THE ALAMANCE COUNTY AREA AND TO ASSIST IN AND FACILITATE THE GROWTH OF JOBS AND INVESTMENT IN EXISTING INDUSTRY IN THE AREA THROUGH MARKETING, RESEARCH, AND PUBLIC/MEDIA RELATIONS. IN 2025, THE FOUNDATION AWARDED 14 GRANTS TOTALING $105,000. ADDITIONAL GRANT AND SPONSORSHIP MONIES PAID OUT FOR OTHER PURPOSES.Expenses $408,300 · grants $111,400
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2384314
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,498,338
- Income (IRS master file)
- $451,969
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $451,969 | $436,101 | $1,498,338 | XML |
| 990 | December 2024 | $375,751 | $370,701 | $1,482,470 | XML |
| 990 | December 2023 | $400,737 | $398,302 | $1,454,659 | XML |
| 990 | December 2022 | $569,833 | $472,739 | $1,452,224 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2384314).
Questions about ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION
- What is the EIN of ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION is 20-2384314.
- Is ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2025 names REAGAN C GURAL.
- Who are the officers and directors of ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $451,969, expenses of $436,101 and total assets of $1,498,338 at year end.
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All nonprofits in BURLINGTON · North Carolina · Community improvement and capacity building