Liabilities / Assets
10th percentile
Tied with the lowest-debt nonprofits in its peer group.
990 • Fiscal year 2019 • EIN 20-2384314
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
10th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
9th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
78th percentile
Higher net margin than 78% of similar nonprofits.
Top Officer Pay
32nd percentile
Higher top officer pay than 32% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
66th percentile
Faster asset growth than 66% of similar nonprofits.
Revenue Growth
24th percentile
Faster revenue growth than 24% of similar nonprofits.
Assets
Up$1,190,638
Up $104,646 (+9.6%) from 2018
Net Assets
Up$1,190,638
Up $104,646 (+9.6%) from 2018
Liabilities
Flat$0
Flat from 2018
Revenue
Down$387,948
Down $40,771 (-9.5%) from 2018
Expenses
Up$283,302
Up $35,848 (+14%) from 2018
Net Income
Down$104,646
Down $76,619 (-42%) from 2018
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $194,069 | $1,086,927 | ▲ $892,858 |
| Cash and Non-Interest-Bearing Accounts | $891,923 | $103,711 | ▼ $788,212 |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Total Assets | $1,085,992 | $1,190,638 | ▲ $104,646 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,059,868 | $1,166,317 | ▲ $106,449 |
| Net Assets With Donor Restrictions | $26,124 | $24,321 | ▼ $1,803 |
| Total Net Assets Fund Balance | $1,085,992 | $1,190,638 | ▲ $104,646 |
| Total Liabilities and Net Assets / Fund Balance | $1,085,992 | $1,190,638 | ▲ $104,646 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $0 | $5,536 | $5,536 |
| Name | Title |
|---|---|
| Lisa Pennington | Chair |
| David a Williams Iii | President |
| Allen Gant Jr | Director |
| Ed Hooks | Director |
| Greg Lunsford | Director |
| Jim Bryan | Director |
| Ted Chandler | Director |
| Trip Durham | Director |
| Troy Woodard | Director |
| Scott Thomas | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $111,516 |
| Salaries, Compensation, and Employee Benefits | $109,960 |
| Other Expenses | $61,826 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $111,516 | - | - | $111,516 |
| Other Salaries and Wages | $85,258 | - | - | $85,258 |
| Advertising | $20,678 | - | - | $20,678 |
| Other Employee Benefits | $12,816 | - | - | $12,816 |
| Pension Plan Contributions | $5,984 | - | - | $5,984 |
| Payroll Taxes | $5,902 | - | - | $5,902 |
| Fees for Services Accounting | - | $2,860 | - | $2,860 |
| Travel | $2,800 | - | - | $2,800 |
| Other Expenses | $981 | $2,063 | - | $981 |
| All Other Expenses | - | $836 | - | $836 |
| Total Functional Expenses | $270,759 | $12,543 | $0 | $283,302 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Lotus Bakeries LLC | Mebane, NC | N/a | Part 1 of 2 of an Incentive Fulfillment to Create Additional Jobs in Alamance County. | $50,000 |
| New Leaf Society | Burlington, NC | 501(c)3 | To Support the Burlington Arboreturm Project. | $38,333 |
| Alamance Youth Leadership Academy | Burlington, NC | 501(c)6 | To Reimburse the Chamber for Alamance Youth Leadership Academy Expenses. | $11,607 |
| Teacher of the Year | Burlington, NC | 501(c)6 | To Reimburse the Chamber for Excellence in Education Teacher of the Year Expenses. | $10,575 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“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.”
“Each employee is required to sign a conflict of interest policy document annually.”
“All governing documents, the conflict of interest policy, and financial statements are available upon request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO EXPAND ECONOMIC DEVELOPMENT EFFORTS IN ALAMANCE COUNTY, NORTH CAROLINA. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 20678 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 20678 |
| IRS990/AllOtherContributionsAmt | 0 | 372180 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 836 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 836 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | DAVID A WILLIAMS III |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3362281338 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 450 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BURLINGTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27216 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 891923 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 103711 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 372180 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 111516 |
| IRS990/CYInvestmentIncomeAmt | 0 | 15768 |
| IRS990/CYOtherExpensesAmt | 0 | 61826 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 104646 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 109960 |
| IRS990/CYTotalExpensesAmt | 0 | 283302 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 387948 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | THE FOUNDATION'S ACTIVITIES SEEK TO INCREASE JOBS AND NEW INVESTMENT IN THE ALAMANCE COUNTY AREA AND TO ASSIST IN AND FACILITATE THE GROWTH OF JOBS AND INVESTMENT IN EXISTING INDUSTRY IN THE AREA THROUGH MARKETING, RESEARCH, AND PUBLIC/MEDIA RELATIONS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 26124 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 24321 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 270759 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 2860 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 2860 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DAVID A WILLIAMS III |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | LISA PENNINGTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | SCOTT THOMAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | TRIP DURHAM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | TROY WOODARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ALLEN GANT JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ED HOOKS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | GREG LUNSFORD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | TED CHANDLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | JIM BRYAN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2005 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 8 |
| IRS990/GrantAmt | 0 | 110516 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 111516 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 111516 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 387948 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 15768 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 15768 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 5536 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 0 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 5536 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1085992 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1190638 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1059868 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1166317 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 12816 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 12816 |
| IRS990/OtherExpensesGrp/Desc | 0 | CHAMBER REIMBURSEMENTS |
| IRS990/OtherExpensesGrp/Desc | 1 | INVESTOR EVENTS |
| IRS990/OtherExpensesGrp/Desc | 2 | PROJECT EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 3 | DUES AND SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 6784 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 2063 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 23824 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 981 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 30608 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 2063 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1000 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 981 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 85258 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 85258 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 5902 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 5902 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 5984 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 5984 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | DAVID A WILLIAMS III |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 428525 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 78377 |
| IRS990/PYInvestmentIncomeAmt | 0 | 194 |
| IRS990/PYOtherExpensesAmt | 0 | 41285 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 181265 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 127792 |
| IRS990/PYTotalExpensesAmt | 0 | 247454 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 428719 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 104646 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 194069 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1086927 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt | 0 | 247500 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt | 0 | 258500 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt | 0 | 351000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt | 0 | 211500 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt | 0 | 276500 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 1345000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 372180 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 428525 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 536250 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 310250 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 403250 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 2050455 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 15768 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 194 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 194 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 194 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 193 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 16543 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 15768 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 194 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 194 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 194 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 193 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 16543 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00800 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00050 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.34130 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.34410 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 705455 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 247500 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 258500 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 351000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 211500 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt | 0 | 276500 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 1345000 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 372180 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 428525 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 536250 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 310250 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 403250 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 2050455 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 387948 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 428719 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 536444 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 310444 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 403443 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 2066998 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 5536 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 5536 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 11607 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 10575 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 38333 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)6 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | 501(C)6 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 2 | N/A |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 3 | 501(C)3 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | TO REIMBURSE THE CHAMBER FOR ALAMANCE YOUTH LEADERSHIP ACADEMY EXPENSES. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | TO REIMBURSE THE CHAMBER FOR EXCELLENCE IN EDUCATION TEACHER OF THE YEAR EXPENSES. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | PART 1 OF 2 OF AN INCENTIVE FULFILLMENT TO CREATE ADDITIONAL JOBS IN ALAMANCE COUNTY. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | TO SUPPORT THE BURLINGTON ARBORETURM PROJECT. |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | ALAMANCE YOUTH LEADERSHIP ACADEMY |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | TEACHER OF THE YEAR |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | LOTUS BAKERIES LLC |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | NEW LEAF SOCIETY |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 560156970 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 560156970 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 2 | 821300286 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 3 | 261560297 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | PO BOX 450 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | PO BOX 450 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | 2010 PARK CENTER DRIVE |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | PO BOX 4083 |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | BURLINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | BURLINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | MEBANE |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | BURLINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 3 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 272160450 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 272160450 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 27302 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 3 | 272150901 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE BOARD MEETS TO DISCUSS THE GRANTS AND DISCUSSES THE PARAMETERS FOR WHAT WILL BE IN AN OFFER LETTER. THE OFFER LETTER THEN SPELLS OUT ALL CONDITIONS AND METRICS THAT MUST BE MET WITH THE GRANT FUNDS PROVIDED BY THE FOUNDATION. THERE MUST BE EVIDENCE OF THE CONDITIONS AND METRICS BEING MET FOR THE GRANT TO BE PAID OUT. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 1 |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 3 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EACH EMPLOYEE IS REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY DOCUMENT ANNUALLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 1085992 |
| IRS990/TotalAssetsEOYAmt | 0 | 1190638 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1085992 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1190638 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 372180 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 12543 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 270759 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 283302 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1085992 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1190638 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 270759 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 15768 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 387948 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 11 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1085992 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1190638 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 2800 |
| IRS990/TravelGrp/TotalAmt | 0 | 2800 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.