Nonprofit · EIN 56-1399587
CENTER FOR ENTREPRENEURIAL DEVELOPMENT
Tax-exempt · RTP, NC 27709
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,004,823 | $2,287,915 | -$1,283,092 | $2,621,427 | $239,371 | $2,382,056 |
| June 30, 2024 | 990 | $1,469,741 | $1,655,300 | -$185,559 | $3,918,556 | $253,408 | $3,665,148 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $395,694
- Program service revenue
- $595,057
- Investment income
- $14,072
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $199,624
- Other salaries and wages
- $314,162
- Salaries, compensation and benefits (total)
- $664,023
- Professional fundraising fees
- $0
- Travel
- $67,901
- Depreciation
- $21,745
- Program services (functional)
- $1,497,633
- Management and general (functional)
- $647,236
- Fundraising (functional)
- $143,046
Balance sheet and other
- Total assets, start of year
- $3,918,556
- Total assets, end of year
- $2,621,427
- Total liabilities, end of year
- $239,371
- Net assets, end of year
- $2,382,056
- Land, buildings and equipment
- $53,688
- Net assets without donor restrictions
- $1,081,640
- Net assets with donor restrictions
- $1,300,416
- Gross receipts
- $1,004,823
- Employees
- 9
- Volunteers
- 148
- Year formed
- 1984
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KELLY ROWELL | PRESIDENT & CEO Trustee or director, Officer | 40 | $185,400 | $14,474 |
| JAY BIGLOW | HEAD OF ENTREPRENEURSHIP Highest-paid employee | 40 | $147,745 | $20,203 |
| HUNTER YOUNG | HEAD OF CAPITAL Highest-paid employee | 40 | $127,292 | $9,557 |
| BRENNAN BARBER | HEAD OF BUSINESS DVLP Highest-paid employee | 40 | $124,913 | $9,951 |
| WILLIAM SPRUILL | CHAIR/EXECUTIVE COMMITTEE Trustee or director, Officer | 1 | $0 | $0 |
| TIM WILSON | SECRETARY/EXEC COMMITTEE Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL CROOKE | TREASURER/EXEC COMMITTEE Trustee or director, Officer | 1 | $0 | $0 |
| SUSAN COOK | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| MICHELLE EGGER | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| TIM MCLOUGHLIN | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| GALEN ROBERTSON | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| KARL RECTANUS | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| SCOTT UKNES | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| ELIZABETH KELLY | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| SUSAN WALL | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNALISE PERRY | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 |
| SILVIA AGUIRRE | DIRECTOR Trustee or director | 0.05 | $0 |
| NEIL BAGCHI | DIRECTOR Trustee or director | 0.05 | $0 |
| RYAN BETHENCOURT | DIRECTOR Trustee or director | 0.05 | $0 |
| GREGGORY BORDES | DIRECTOR Trustee or director | 0.05 | $0 |
| SCOTT BRYANT | DIRECTOR Trustee or director | 0.05 | $0 |
| TONI BUCCI | DIRECTOR Trustee or director | 0.05 | $0 |
| SHILA BURNEY | DIRECTOR Trustee or director | 0.05 | $0 |
| BARB COURY | DIRECTOR Trustee or director | 0.05 | $0 |
| MATTHEW COOKE | DIRECTOR Trustee or director | 0.05 | $0 |
| DOUG EISNER | DIRECTOR Trustee or director | 0.05 | $0 |
| ANNE ENGLISH | DIRECTOR Trustee or director | 0.05 | $0 |
| TIM FLEISHMAN | DIRECTOR Trustee or director | 0.05 | $0 |
| WADE FULGRUM | DIRECTOR Trustee or director | 0.05 | $0 |
| ALEX GRAY | DIRECTOR Trustee or director | 0.05 | $0 |
| LILYN HESTER | DIRECTOR Trustee or director | 0.05 | $0 |
| MARILIIS HOLM | DIRECTOR Trustee or director | 0.05 | $0 |
| JACKIE MANCINI | DIRECTOR Trustee or director | 0.05 | $0 |
| TRAVIS MILKS | DIRECTOR Trustee or director | 0.05 | $0 |
| KEVIN MOSELY | DIRECTOR Trustee or director | 0.05 | $0 |
| BRADLEY MOORING | DIRECTOR Trustee or director | 0.05 | $0 |
| BRETT NOEL | DIRECTOR Trustee or director | 0.05 | $0 |
| SONNA PATEL-RAMAN | DIRECTOR Trustee or director | 0.05 | $0 |
| CARLOS PIGNATORO | DIRECTOR Trustee or director | 0.05 | $0 |
| MAHATI SRIDHAR | DIRECTOR Trustee or director | 0.05 | $0 |
| MEGANN VAUGHN WATTERS | DIRECTOR Trustee or director | 0.05 | $0 |
| BLAIR WILLETTE | DIRECTOR Trustee or director | 0.05 | $0 |
990 for the year ended June 30, 2024: 44 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KELLY ROWELL | PRESIDENT & CEO Trustee or director, Officer | 40 | $159,750 | $14,275 |
| JAY BIGELOW | HEAD OF ENTREPRENEURSHIP Highest-paid employee | 40 | $138,994 | $20,455 |
| HUNTER YOUNG | HEAD OF CAPITAL Highest-paid employee | 40 | $119,543 | $10,236 |
| BRENNAN BARBER | HEAD OF BUSINESS DVLP Highest-paid employee | 40 | $118,233 | $10,125 |
| WILLIAM SPRUILL | CHAIR/EXECUTIVE COMMITTEE Trustee or director, Officer | 1 | $0 | $0 |
| TIM WILSON | SECRETARY/EXECUTIVE COMMIT Trustee or director, Officer | 1 | $0 | $0 |
| RONNIE EUBANKS | TREASURER / EXECUTIVE COMM Trustee or director, Officer | 1 | $0 | $0 |
| SUSAN COOK | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| MICHELLE EGGER | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| KARL RECTANUS | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| TIM MCLOUGHLIN | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| GALEN ROBERTSON | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| SCOTT UKNES | EXECUTIVE COMMITTEE Trustee or director | 0.05 | $0 | $0 |
| SILVIA AGUIRRE | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| NEIL BAGCHI | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| GREGGORY BORDES | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| MATTHEW COOKE | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| DOUG EISNER | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| ANNE ENGLISH | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| RYAN BETHENCOURT | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| TIM FLEISHMAN | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| WADE FULGRUM | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| ALEX GRAY | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| PHIL GRAYESKI | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| LILYN HESTER | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| MARILIIS HOLM | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| ELIZABETH KELLY | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| JOHN MADDISON | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| ALLISON LONDON BROWN | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| JACKIE MANCINI | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| TRAVIS MILKS | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| GEORGE MOSER | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| KEVIN MOSELY | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| SHILA NIEVES BURNEY | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| WILLIAM OWENS | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| DAVID PIERSON | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| CARLOS PIGNATORO | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| SONNA RAMAN | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| MAHATI SRIDHAR | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| ALLEN TEAR | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| ANNA THARRINGTON | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| MEGANN VAUGHN WATTER | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| BARB COURY | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| MICHAEL CROOKE | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 13353, RTP, NC 27709-3353
- Principal officer (990 for 2024)
- ALEX BLOOM, PO BOX 13353 100, RESEARCH TRIANGLE PARK, NC 277093353
- Signed the 990
- ALEX BLOOM, PRESIDENT AND CEO
- Phone
- (919) 549-7500
- Website
- CEDNC.ORG
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
TO CONNECT ENTREPRENEURIAL COMPANIES WITH HIGH-VALUE RESOURECES SUCH AS EDUCATION, MENTORING AND CAPITAL CONNECTIONS/FORMATION, TO ACCELERATE BUSINESS GROWTH.
Program accomplishments
- 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.Expenses $1,497,633 · revenue $595,057
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1399587
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40Z)
- Assets (IRS master file)
- $2,621,427
- Income (IRS master file)
- $1,004,823
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,004,823 | $2,287,915 | $2,621,427 | XML |
| 990 | June 2024 | $1,469,741 | $1,655,300 | $3,918,556 | XML |
| 990 | June 2023 | $4,882,167 | $1,256,192 | $4,234,725 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-1399587).
Questions about CENTER FOR ENTREPRENEURIAL DEVELOPMENT
- What is the EIN of CENTER FOR ENTREPRENEURIAL DEVELOPMENT?
- The employer identification number (EIN) of CENTER FOR ENTREPRENEURIAL DEVELOPMENT is 56-1399587.
- Is CENTER FOR ENTREPRENEURIAL DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to CENTER FOR ENTREPRENEURIAL DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTER FOR ENTREPRENEURIAL DEVELOPMENT 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 CENTER FOR ENTREPRENEURIAL DEVELOPMENT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTER FOR ENTREPRENEURIAL DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CENTER FOR ENTREPRENEURIAL DEVELOPMENT?
- The 990 for the year ended June 30, 2025 names ALEX BLOOM.
- Who are the officers and directors of CENTER FOR ENTREPRENEURIAL DEVELOPMENT?
- The 990 for the year ended June 30, 2025 lists 42 people; 4 received compensation from the organization, the highest $185,400 (KELLY ROWELL, PRESIDENT & CEO).
- How much revenue does CENTER FOR ENTREPRENEURIAL DEVELOPMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,004,823, expenses of $2,287,915 and total assets of $2,621,427 at year end.
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All nonprofits in RTP · North Carolina · Community improvement and capacity building