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Nonprofit · EIN 84-1779855

NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER

Tax-exempt · DURHAM, NC 27701

Financials

$250K$157K2023$165K$216K2024$321K$225K2025
Revenue Expenses · by fiscal year end
Financials of NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$320,891$224,741$96,150$274,676$5,422$269,254
December 31, 2024990$165,426$216,156-$50,730$173,399$8,700$164,699
December 31, 2023990$249,602$156,594$93,008$219,318$3,889$215,429
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$304,829
Program service revenue
$12,500
Investment income
$312
Other revenue
$3,250

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$66,667
Other salaries and wages
$16,200
Salaries, compensation and benefits (total)
$89,267
Professional fundraising fees
$18,000
Accounting fees
$9,555
Occupancy
$1,453
Travel
$5,398
Program services (functional)
$115,779
Management and general (functional)
$69,958
Fundraising (functional)
$39,004

Balance sheet and other

Total assets, start of year
$173,399
Total assets, end of year
$274,676
Total liabilities, end of year
$5,422
Net assets, end of year
$269,254
Net assets without donor restrictions
$269,254
Gross receipts
$320,891
Employees
3
Year formed
2019

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.

NameTitleHours / weekCompensation
ILLA BURBANKExecutive Dir.
Trustee or director
40$66,667
PATRICK MCHUGHTrustee
Trustee or director
1$0
GALE MARETTTrustee
Trustee or director
1$0
ZARIN KRESGETrustee
Trustee or director
1$0
ANDREW FOSTERTrustee
Trustee or director
1$0
PAMELA COLLEYTrustee
Trustee or director
1$0
MERALD HOLLOWAYChairman
Officer
1$0
LA-TASHA BEST-GADDYTreasurer
Officer
1.5$0
COLIN KISERVice President
Officer
1$0
AARON DAWSONSecretary
Officer
1$0
990 for the year ended December 31, 2024: 13 people
NameTitleHours / weekCompensation
LAUREN TUDOR PART YEAREXECUTIVE DIRECTOR
Trustee or director, Officer
40$20,328
MERALD HOLLOWAYCHAIR
Trustee or director, Officer
1$0
ANNE-CLAIRE BROUGHTONBOARD MEMBER/INTERIM EXECUTIVE DIRECTOR
Trustee or director, Officer
1$0
LA-TASHA BEST-GADDYTREASURER
Trustee or director, Officer
1$0
PATRICK MCHUGHSECRETARY
Trustee or director
1$0
STEVE STORKANDIRECTOR
Trustee or director
1$0
ZARIN KRESGEDIRECTOR
Trustee or director
1$0
ANDREW FOSTERDIRECTOR
Trustee or director
1$0
AARON DAWSONDIRECTOR
Trustee or director
1$0
TEIA EVANSDIRECTOR
Trustee or director
1$0
PAMELA COLLEYDIRECTOR
Trustee or director
1$0
COLIN KISERDIRECTOR
Trustee or director
1$0
CHRISTY ALMOND PART YEARDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
LAUREN JONESEXECUTIVE DIRECTOR
Trustee or director, Officer
40$55,552
GUENEVERE ABERNATHYEXECUTIVE DIRECTOR (PART YEAR)
Trustee or director, Officer
40$3,011
MERALD HOLLOWAYCHAIR
Trustee or director, Officer
1$0
ANNE-CLAIRE BROUGHTONVICE CHAIR
Trustee or director, Officer
1$0
LA-TASHA BEST-GADDYTREASURER
Trustee or director, Officer
1$0
CHRISTA WAGNER-VINSONSECRETARY
Trustee or director, Officer
1$0
STEVE STORKENDIRECTOR
Trustee or director
1$0
ROODLINE VOLCYDIRECTOR
Trustee or director
1$0
PATRICK MCHUGHDIRECTOR
Trustee or director
1$0
ANDREW FOSTERDIRECTOR
Trustee or director
1$0
CHRISTY ALMONDDIRECTOR
Trustee or director
1$0
AARON DAWSONDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
411 W CHAPEL HILL ST STE C, DURHAM, NC 27701-3272
Mailing address (990-N for 2020)
Post Office Box 1048, Durham NC 27702
Principal officer (990 for 2025)
MERALD HOLLOWAY, 411 W Chapel Hill St Ste C2, Durham, NC 27701
Principal officer (990-N for 2020)
LaTasha Best Gaddy, 25 Fashion Place, Durham NC 27705
Signed the 990
LA-TASHA BEST-GADDY, Treasurer
Phone
(919) 339-1611
Return prepared by
Key Figures LLC

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.

990 for the year ended December 31, 2025

Program accomplishments

  • 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

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
84-1779855
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
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J21)
Assets (IRS master file)
$274,676
Income (IRS master file)
$320,891

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$320,891$224,741$274,676IRS
990December 2024$165,426$216,156$173,399XML
990December 2023$249,602$156,594$219,318XML
990December 2022$215,810$149,324$124,456IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: LaTasha Best Gaddy
December 31, 2020≤ $50,000 receipts––e-Postcard

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 84-1779855).

Questions about NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER

What is the EIN of NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER?
The employer identification number (EIN) of NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER is 84-1779855.
Is NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER 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 NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER 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 NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER 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 NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER?
The 990 for the year ended December 31, 2025 names MERALD HOLLOWAY.
Who are the officers and directors of NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER?
The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $66,667 (ILLA BURBANK, Executive Dir.).
How much revenue does NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER have?
On its 990 for the year ended December 31, 2025 it reported revenue of $320,891, expenses of $224,741 and total assets of $274,676 at year end.

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