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Nonprofit · EIN 85-4233724

NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC

Tax-exempt · RALEIGH, NC 27622

Financials

$248K$77K2021$191K$113K2022$213K$89K2023$135K$142K2024
Revenue Expenses · by fiscal year end
Financials of NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$134,836$142,281-$7,445$395,434$0$395,434
June 30, 2024990$213,335$89,364$123,971$402,879$0$402,879
June 30, 2023990$191,131$113,059$78,072$278,909$0$278,909
June 30, 2022990$248,140$76,879$171,261$200,836$0$200,836
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$119,431
Program service revenue
$6,500
Investment income
$8,905
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$4,930
Travel
$611
Program services (functional)
$124,528
Management and general (functional)
$17,753

Balance sheet and other

Total assets, start of year
$402,879
Total assets, end of year
$395,434
Total liabilities, end of year
$0
Net assets, end of year
$395,434
Net assets without donor restrictions
$395,434
Gross receipts
$134,836
Employees
0
Volunteers
15
Year formed
2020
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.

NameTitleHours / weekCompensation
CLARK DUNCANDirector
Trustee or director
0$0
JOANNA HELMSDirector
Trustee or director
0$0
CRYSTAL MORPHISDirector
Trustee or director
0$0
DR GARY LANIERDirector
Trustee or director
0$0
RAUL PERAITADirector
Trustee or director
0$0
ANDRE LENNONDirector
Trustee or director
0$0
STEVE YOSTDirector
Trustee or director
0$0
DR PATRICIA MITCHELLVice Chair
Officer
0$0
RANDALL JOHNSONChair
Officer
0$0
ELIZABETH DOBBINS-SMITHSecretaryTreasurer
Officer
0$0
BRITTANY BRADYDirector
Officer
0$0
990 for the year ended June 30, 2024: 13 people
NameTitleHours / weekCompensation
DR PATRICIA MITCHELLChair
Officer
–$0
RANDALL JOHNSONVice Chair
Officer
–$0
ELIZABETH DOBBINS-SMITHSecretaryTreasurer
Officer
–$0
JOANNA HELMSDirector
Trustee or director
–$0
DR GARY LANIERDirector
Trustee or director
–$0
ANDRE LENNONDirector
Trustee or director
–$0
RAUL PERALTADirector
Trustee or director
–$0
CRYSTAL MORPHISDirector
Trustee or director
–$0
CHRIS PLATEDirector
Trustee or director
–$0
RYAN NANCEDirector
Trustee or director
–$0
STEVE YOSTDirector
Trustee or director
–$0
ERNIE PEARSONGeneral Counsel
Trustee or director
–$0
YOLANDA BRISCOGeneral Counsel
Trustee or director
–$0
990 for the year ended June 30, 2023: 3 people
NameTitleHours / weekCompensation
DR PATRICIA MITCHELLChair
Officer
1$0
RANDALL JOHNSONVice Chair
Officer
1$0
ELIZABETH DOBBINS-SMITHSecretaryTreasurer
Officer
10$0
990 for the year ended June 30, 2022: 4 people
NameTitleHours / weekCompensation
RANDALL JOHNSONBOARD CHAIR
Trustee or director
–$0
DR PATRICIA MITCHELL CECDVICE CHAIR
Trustee or director
–$0
ELIZABETH DOBBINS-SMITHSEC/TREAS D
Officer
–$0
LAWRENCE BIVINSASSISTANT SE
Trustee or director
–$0

Address and contacts

Address (IRS master file)
PO BOX 30934, RALEIGH, NC 27622-0934
In care of
% RANDALL JOHNSON
Mailing address (990-N for 2020)
1176 Harp Street, Raleigh NC 27604
Principal officer (990 for 2024)
Randall Johnson, PO Box 30934, RALEIGH, NC 27622
Principal officer (990-N for 2020)
Lawrence Bivins, 1176 Harp Street, Raleigh NC 27604
Signed the 990
RANDALL JOHNSON, Chair
Phone
(888) 246-2332
Return prepared by
J Welton & Associates PLLC

Mission

To advance the economic development profession, enhance the knowledge and skills of economic developers and strengthen the broad, statewide economic development community in North Carolina

990 for the year ended June 30, 2025

Program accomplishments

  • TO ADVANCE THE ECONOMIC DEVELOPMENT PROFESSION, ENHANCE THE KNOWLEDGE AND SKILLS OF ECONOMIC DEVELOPERS AND STRENGTHEN THE BROAD, STATEWIDE ECONOMIC DEVELOPMENT COMMUNITY IN NORTH CAROLINA.
    Expenses $124,528

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

File the 2025 990-EZ for NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC

Due November 16, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
85-4233724
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
2021
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$395,434
Income (IRS master file)
$134,836

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$134,836$142,281$395,434IRS
990June 2024$213,335$89,364$402,879XML
990June 2023$191,131$113,059$278,909XML
990June 2022$248,140$76,879$200,836XML
990-N for 2020
Officer: Lawrence Bivins
June 30, 2021≤ $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 85-4233724).

Questions about NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC

What is the EIN of NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC?
The employer identification number (EIN) of NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC is 85-4233724.
Is NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION 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 NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION 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 NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC 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 NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC?
The 990 for the year ended June 30, 2025 names Randall Johnson.
Who are the officers and directors of NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
How much revenue does NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $134,836, expenses of $142,281 and total assets of $395,434 at year end.

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