Civic Intelligence

Alamance County Economic Development Foundation

990 • Fiscal year 2017 • EIN 20-2384314

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 23, 2018

Organization ProfileWWW.ALAMANCECHAMBER.COM
PO Box 450Burlington, NC 27216

(336) 228-1338

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

22nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Net Margin

57th percentile

5.6%

Higher net margin than 57% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Asset Growth

52nd percentile

3.5%

Faster asset growth than 52% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

73%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$904,727

Up $30,282 (+3.5%) from 2016

Net Assets

Up

$904,727

Up $30,282 (+3.5%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin57th percentile

Revenue

Up

$536,444

Up $226,000 (+73%) from 2016

Expenses

Up

$506,162

Up $159,701 (+46%) from 2016

Net Income

Up

$30,282

Up $66,299 (+184%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $306,316Liabilities 2010: $0Net Assets 2010: $306,3162010Assets 2011: $207,331Liabilities 2011: $0Net Assets 2011: $207,3312011Assets 2012: $329,115Liabilities 2012: $0Net Assets 2012: $329,1152012Assets 2013: $459,026Liabilities 2013: $0Net Assets 2013: $459,0262013Assets 2014: $653,944Liabilities 2014: $0Net Assets 2014: $653,9442014Assets 2015: $910,462Liabilities 2015: $0Net Assets 2015: $910,4622015Assets 2016: $874,445Liabilities 2016: $0Net Assets 2016: $874,4452016Assets 2017: $904,727Liabilities 2017: $0Net Assets 2017: $904,7272017Assets 2018: $1,085,992Liabilities 2018: $0Net Assets 2018: $1,085,9922018Assets 2019: $1,190,638Liabilities 2019: $0Net Assets 2019: $1,190,6382019Assets 2020: $1,293,689Liabilities 2020: $0Net Assets 2020: $1,293,6892020Assets 2021: $1,355,130Liabilities 2021: $0Net Assets 2021: $1,355,1302021Assets 2022: $1,452,224Liabilities 2022: $0Net Assets 2022: $1,452,2242022Assets 2023: $1,454,659Liabilities 2023: $0Net Assets 2023: $1,454,6592023Assets 2024: $1,482,470Liabilities 2024: $0Net Assets 2024: $1,482,4702024

Highlighted filing

2017

Assets$904,727
Liabilities$0
Net Assets$904,727
Open 2017 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $131,475Expenses 2010: $150,777Net Income 2010: -$19,3022010Revenue 2011: $168,679Expenses 2011: $267,664Net Income 2011: -$98,9852011Expenses 2012: $246,5832012Revenue 2013: $444,887Expenses 2013: $314,976Net Income 2013: $129,9112013Revenue 2014: $417,193Expenses 2014: $222,275Net Income 2014: $194,9182014Revenue 2015: $403,443Expenses 2015: $146,925Net Income 2015: $256,5182015Revenue 2016: $310,444Expenses 2016: $346,461Net Income 2016: -$36,0172016Revenue 2017: $536,444Expenses 2017: $506,162Net Income 2017: $30,2822017Revenue 2018: $428,719Expenses 2018: $247,454Net Income 2018: $181,2652018Revenue 2019: $387,948Expenses 2019: $283,302Net Income 2019: $104,6462019Revenue 2020: $391,475Expenses 2020: $288,424Net Income 2020: $103,0512020Revenue 2021: $415,570Expenses 2021: $354,129Net Income 2021: $61,4412021Revenue 2022: $569,833Expenses 2022: $472,739Net Income 2022: $97,0942022Revenue 2023: $400,737Expenses 2023: $398,302Net Income 2023: $2,4352023Revenue 2024: $375,751Expenses 2024: $370,701Net Income 2024: $5,0502024

Highlighted filing

2017

Revenue$536,444
Expenses$506,162
Net Income$30,282
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 23, 2018
Return Version
2017v2.2
Gross Receipts
$536,444
Mission and Program Overview

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.

To expand economic development efforts in alamance county, north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$874,445$904,727▲ $30,282
Cash and Non-Interest-Bearing Accounts$680,174$710,651▲ $30,477
Savings and Temporary Cash Investments$193,681$193,875▲ $194
Land, Buildings, and Equipment, Net$590$201▼ $389
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$874,445$904,727▲ $30,282
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$874,445$904,727▲ $30,282
Total Liabilities and Net Assets / Fund Balance$874,445$904,727▲ $30,282

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$201$5,335$5,536
Compensation and Service Providers
Top Officer Pay42nd percentile

Board Members and Trustees

NameTitle
Paul KoontsChair
David a Williams IiiPresident
Allen Gant JrDirector
Ed HooksDirector
Greg LunsfordDirector
Lori SeilerDirector
Ted ChandlerDirector
Trip DurhamDirector
Wade HarrisonDirector
Dale GreesonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$536,250
Program Service Revenue
$0
Investment Income
$194
Other Revenue
$0
All Other Contributions
$536,250
Change in Net Assets
$30,282
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$209,333
Salaries, Compensation, and Employee Benefits$119,331
Total Fundraising Expense$107,334
Professional Fundraising Fees$94,275
Other Expenses$83,223

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$209,333--$209,333
Fees for Services Professional Fundraising--$94,275$94,275
Other Salaries and Wages$93,957--$93,957
Fees for Services Other-$18,226-$18,226
Other Employee Benefits$15,310--$15,310
Office Expenses-$7,916-$7,916
Payroll Taxes$6,446--$6,446
Pension Plan Contributions$3,618--$3,618
Travel$3,285--$3,285
Advertising-$2,742-$2,742
Fees for Services Accounting-$2,475-$2,475
Other Expenses$935$1,851$13,059$935
All Other Expenses$728$200-$928
Depreciation Depletion-$389-$389
Total Functional Expenses$333,612$65,216$107,334$506,162
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
LidlMebane, NC-A Goal of the Foundation Is to Help Bring New Jobs and Tax Base Into the County, Which, in Turn, Improves Overall Economic Conditions. the Lidl Project Has Met Those Standards.$100,000
Walmart Distribution CenterMebane, NC-A Goal of the Foundation Is to Help Bring New Jobs and Tax Base Into the County, Which, in Turn, Improves Overall Economic Conditions. the Walmart Project Has Met Those Standards.$50,000
New Leaf SocietyBurlington, NC-The Ed Foundation Recognizes That the Appearance of the Community Has an Impact on Economic Development Success. the Foundation Understands the Community Development Role of the New Leaf Society and Made a Grant to Help Support the Continuation of Their Work.$33,333
Teacher of the YearBurlington, NC-To Reimburse the Chamber for Excellence in Education Teacher of the Year Expenses.$15,000
Alamance Youth Leadership AcademyBurlington, NC-To Reimburse the Chamber for Alamance Youth Leadership Academy Expenses.$11,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$94,275
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The president of the alamance county economic development foundation, david williams, approves the form 990 prior to filing the return with the irs. The current treasurer reports to the board at a regularly scheduled meeting that the form 990 is ready for filing and if anyone has any questions, they will be addressed at this board meeting. The board then approves the form 990 at their next meeting. Once the board approves, the form 990 will be filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Each employee is required to sign a conflict of interest policy document annually.”

Form 990, Part VI, Section C, Line 19

“All governing documents, the conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Alamance County Economic Development
EIN
20-2384314
Phone
3362281338
Address
PO BOX 450, BURLINGTON, NC 27216

Signing Officer

Name
David a Williams Iii
Title
President
Phone
3362281338
Signed
2018-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David a Williams Iii
Formed
2005
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
11

Preparer

Firm
Gilliam Coble & Moser Llp
Address
PO BOX 621, BURLINGTON, NC 27216-0621
Preparer
J Bradley Moser
Phone
3362276283
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Economic benefits surveys & studies: program service expenses 500. Management and general expenses 0. Fundraising expenses 0. Total expenses 500. Workforce council: program service expenses 228. Management and general expenses 0. Fundraising expenses 0. Total expenses 228. Licenses : program service expenses 0. Management and general expenses 200. Fundraising expenses 0. Total expenses 200.”

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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0874445
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0904727
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0193681
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0193875
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0351000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0211500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0276500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0260000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0215500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01314500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0536250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0310250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0403250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0392000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0347000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01988750
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0194
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0194
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0207
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0981
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0194
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0194
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0207
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0981
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.33890
IRS990ScheduleA/PublicSupportPY509Pct00.35430
IRS990ScheduleA/PublicSupportTotal509Amt0674250
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0351000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0211500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0276500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0260000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0215500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01314500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0536250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0310250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0403250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0392000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0347000
IRS990ScheduleA/Total509Grp/TotalAmt01988750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0536444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0310444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0403443
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0392193
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0347207
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01989731
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0201
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05335
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05536
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0201
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0FUNDRAISING SERVICES
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0489750
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0CONVERGENT NONPROFIT SOLUTIONS
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt094275
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt02451 CUMBERLAND PARKWAY SUITE 3679
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0ATLANTA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd030339
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0NC
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0489750
IRS990ScheduleG/TotalRetainedByContractorsAmt094275
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/CashGrantAmt233333
IRS990ScheduleI/RecipientTable/CashGrantAmt311000
IRS990ScheduleI/RecipientTable/CashGrantAmt415000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0A GOAL OF THE FOUNDATION IS TO HELP BRING NEW JOBS AND TAX BASE INTO THE COUNTY, WHICH, IN TURN, IMPROVES OVERALL ECONOMIC CONDITIONS. THE LIDL PROJECT HAS MET THOSE STANDARDS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1A GOAL OF THE FOUNDATION IS TO HELP BRING NEW JOBS AND TAX BASE INTO THE COUNTY, WHICH, IN TURN, IMPROVES OVERALL ECONOMIC CONDITIONS. THE WALMART PROJECT HAS MET THOSE STANDARDS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2THE ED FOUNDATION RECOGNIZES THAT THE APPEARANCE OF THE COMMUNITY HAS AN IMPACT ON ECONOMIC DEVELOPMENT SUCCESS. THE FOUNDATION UNDERSTANDS THE COMMUNITY DEVELOPMENT ROLE OF THE NEW LEAF SOCIETY AND MADE A GRANT TO HELP SUPPORT THE CONTINUATION OF THEIR WORK.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TO REIMBURSE THE CHAMBER FOR ALAMANCE YOUTH LEADERSHIP ACADEMY EXPENSES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4TO REIMBURSE THE CHAMBER FOR EXCELLENCE IN EDUCATION TEACHER OF THE YEAR EXPENSES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LIDL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1WALMART DISTRIBUTION CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2NEW LEAF SOCIETY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3ALAMANCE YOUTH LEADERSHIP ACADEMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4TEACHER OF THE YEAR
IRS990ScheduleI/RecipientTable/RecipientEIN0680683460
IRS990ScheduleI/RecipientTable/RecipientEIN1710415188
IRS990ScheduleI/RecipientTable/RecipientEIN2261560297
IRS990ScheduleI/RecipientTable/RecipientEIN3560156970
IRS990ScheduleI/RecipientTable/RecipientEIN4560156970
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03815 SENATOR RALPH SCOTT PARKWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12837 SENATOR RALPH SCOTT PARKWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO BOX 4083
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO BOX 450
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4PO BOX 450
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MEBANE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MEBANE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BURLINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm3BURLINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm4BURLINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027302
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd127302
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd2272150901
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd3272160450
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd4272160450
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT OF THE ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION, DAVID WILLIAMS, APPROVES THE FORM 990 PRIOR TO FILING THE RETURN WITH THE IRS. THE CURRENT TREASURER REPORTS TO THE BOARD AT A REGULARLY SCHEDULED MEETING THAT THE FORM 990 IS READY FOR FILING AND IF ANYONE HAS ANY QUESTIONS, THEY WILL BE ADDRESSED AT THIS BOARD MEETING. THE BOARD THEN APPROVES THE FORM 990 AT THEIR NEXT MEETING. ONCE THE BOARD APPROVES, THE FORM 990 WILL BE FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH EMPLOYEE IS REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY DOCUMENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ECONOMIC BENEFITS SURVEYS & STUDIES: PROGRAM SERVICE EXPENSES 500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 500. WORKFORCE COUNCIL: PROGRAM SERVICE EXPENSES 228. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 228. LICENSES : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 200. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 200.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0874445
IRS990/TotalAssetsEOYAmt0904727
IRS990/TotalAssetsGrp/BOYAmt0874445
IRS990/TotalAssetsGrp/EOYAmt0904727
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0536250
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0107334
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065216
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0333612

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$904,727
Liabilities
$0
Net assets
$904,727
Revenue
$536,444
Expenses
$506,162
Net income
$30,282
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.38$0.37$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.40$0.40$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.57$0.47$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.42$0.35$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.39$0.29$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.39$0.28$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.43$0.25$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.54$0.51$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.31$0.35$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.40$0.15$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.42$0.22$0.19
2013Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.44$0.31$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.00$0.21$0.17$0.27$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$0.13$0.15$0.02