Nonprofit · EIN 56-1932514
DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC
Tax-exempt · MOCKSVILLE, NC 27028
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2023 | 990 | $371,126 | $507,370 | -$136,244 | $726,311 | $3,833 | $722,478 |
Financial details: 990 for the year ended June 30, 2023
Revenue
- Contributions, gifts and grants
- $354,480
- of which government grants
- $346,480
- Membership dues
- $8,000
- Program service revenue
- $0
- Investment income
- $16,646
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $125,000
- Salaries, compensation and benefits (total)
- $146,325
- Professional fundraising fees
- $0
- Legal fees
- $1,150
- Accounting fees
- $4,160
- Occupancy
- $26,000
- Travel
- $9,000
- Program services (functional)
- $469,997
- Management and general (functional)
- $37,373
Balance sheet and other
- Total assets, start of year
- $861,818
- Total assets, end of year
- $726,311
- Total liabilities, end of year
- $3,833
- Net assets, end of year
- $722,478
- Publicly traded securities
- $630,144
- Net assets without donor restrictions
- $722,478
- Gross receipts
- $371,126
- Employees
- 2
- Year formed
- 1994
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY BRALLEY | PRESIDENT Trustee or director, Officer | 40 | $125,000 | $11,561 |
| JOSH CLEVELAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE ROBERTSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES BLAKLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZACH WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW MEADWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICK CROSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN GAMBLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILL MARKLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN BARNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVE EDEN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TERRY BUMGARNER | VICE CHARMAN Trustee or director, Officer | 1 | $0 | $0 |
| CAROLINE MOSER | SECRETARYTREASURER Trustee or director, Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 135 S SALISBURY STREET SUITE 2, MOCKSVILLE, NC 27028-2337
- In care of
- % TERRY BRALLEY
- Principal officer (990 for 2022)
- TERRY BRALLEY, 135 S SALISBURY STREET SUITE 200, MOCKSVILLE, NC 27028
- Signed the 990
- TERRY BRALLEY, PRESIDENT
- Website
- WWW.DAVIECOUNTYEDC.COM
- Return prepared by
- Donald G Bowles CPA
Mission
COORDINATE ECONOMIC DEVELOPMENT FOR DAVIE COUNTY, NC
Program accomplishments
- ADVISORY COUNCIL TO LOCAL GOVERNMENTS IN THE FORMULATION OF FORMAL RECOMMENDATIONS AS TO GOALS AND OBJECTIVES FOR THE OVERALL ECONOMIC DEVELOPMENT OF DAVIE COUNTYExpenses $469,997
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 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | Not on file |
IRS record
- EIN
- 56-1932514
- 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
- 2011
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $726,311
- Income (IRS master file)
- $371,126
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2023 | $371,126 | $507,370 | $726,311 | XML |
| 990 | June 2020 | – | – | – | 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 56-1932514).
Questions about DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC
- What is the EIN of DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC?
- The employer identification number (EIN) of DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC is 56-1932514.
- Is DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC 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 DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC 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 DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2023.
- Who is the principal officer of DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC?
- The 990 for the year ended June 30, 2023 names TERRY BRALLEY.
- Who are the officers and directors of DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC?
- The 990 for the year ended June 30, 2023 lists 14 people; 1 received compensation from the organization, the highest $125,000 (TERRY BRALLEY, PRESIDENT).
- How much revenue does DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC have?
- On its 990 for the year ended June 30, 2023 it reported revenue of $371,126, expenses of $507,370 and total assets of $726,311 at year end.
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All nonprofits in MOCKSVILLE · North Carolina · Community improvement and capacity building