Liabilities / Assets
9th percentile
Tied with the lowest-debt nonprofits in its peer group.
990 • Fiscal year 2020 • EIN 20-2384314
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
9th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
8th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
77th percentile
Higher net margin than 77% of similar nonprofits.
Top Officer Pay
33rd percentile
Higher top officer pay than 33% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
58th percentile
Faster asset growth than 58% of similar nonprofits.
Revenue Growth
58th percentile
Faster revenue growth than 58% of similar nonprofits.
Assets
Up$1,293,689
Up $103,051 (+8.7%) from 2019
Net Assets
Up$1,293,689
Up $103,051 (+8.7%) from 2019
Liabilities
Flat$0
Flat from 2019
Revenue
Up$391,475
Up $3,527 (+0.9%) from 2019
Expenses
Up$288,424
Up $5,122 (+1.8%) from 2019
Net Income
Down$103,051
Down $1,595 (-1.5%) from 2019
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 | $1,086,927 | $1,094,466 | ▲ $7,539 |
| Cash and Non-Interest-Bearing Accounts | $103,711 | $199,223 | ▲ $95,512 |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Total Assets | $1,190,638 | $1,293,689 | ▲ $103,051 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,166,317 | $1,275,759 | ▲ $109,442 |
| Net Assets With Donor Restrictions | $24,321 | $17,930 | ▼ $6,391 |
| Total Net Assets Fund Balance | $1,190,638 | $1,293,689 | ▲ $103,051 |
| Total Liabilities and Net Assets / Fund Balance | $1,190,638 | $1,293,689 | ▲ $103,051 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $0 | $5,536 | $5,536 |
| Name | Title |
|---|---|
| Troy Woodard | Chair |
| David a Williams Iii | President |
| Allen Gant Jr | Director |
| Chris Bryan | Director |
| Ed Hooks | Director |
| Greg Lunsford | Director |
| Lisa Pennington | Director |
| Nikki Ratliff | Director |
| Ted Chandler | Director |
| Scott Thomas | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $169,576 |
| Salaries, Compensation, and Employee Benefits | $77,998 |
| Other Expenses | $40,850 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $169,576 | - | - | $169,576 |
| Other Salaries and Wages | $60,272 | - | - | $60,272 |
| Other Employee Benefits | $9,546 | - | - | $9,546 |
| Payroll Taxes | $4,624 | - | - | $4,624 |
| Pension Plan Contributions | $3,556 | - | - | $3,556 |
| Fees for Services Accounting | - | $2,885 | - | $2,885 |
| Other Expenses | $563 | $1,711 | - | $563 |
| All Other Expenses | - | $200 | - | $200 |
| Office Expenses | - | $53 | - | $53 |
| Total Functional Expenses | $256,302 | $32,122 | $0 | $288,424 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Alamance Community Foundation - Small Business Revolving Loan Fund | Burlington, NC | 501(c)3 | To Fund Alamance Small Business Revolving Loan Fund. | $100,000 |
| Lotus Bakeries LLC | Mebane, NC | N/a | Part 2 of 2 of an Incentive Fulfillment to Create Additional Jobs in Alamance County. | $30,000 |
| Alamance County Chamber - Teacher of the Year | Burlington, NC | 501(c)6 | To Reimburse the Chamber for Excellence in Education Teacher of the Year Expenses. | $17,500 |
| Alamance County Chamber - Census Coordinator Funds | Burlington, NC | 501(c)6 | To Help Fund Contract for Census Coordinator. | $10,000 |
| New Leaf Society | Burlington, NC | 501(c)3 | TO SUPPORT ORGANIZATION'S PURPOSE. | $5,000 |
| 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/AllOtherContributionsAmt | 0 | 383935 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 200 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 200 |
| 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 | 103711 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 199223 |
| 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 | 383935 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 169576 |
| IRS990/CYInvestmentIncomeAmt | 0 | 7540 |
| IRS990/CYOtherExpensesAmt | 0 | 40850 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 103051 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 77998 |
| IRS990/CYTotalExpensesAmt | 0 | 288424 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 391475 |
| 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 | 24321 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 17930 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 256302 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 2885 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 2885 |
| 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 | TROY WOODARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | SCOTT THOMAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | LISA PENNINGTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ALLEN GANT JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CHRIS BRYAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ED HOOKS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | GREG LUNSFORD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | NIKKI RATLIFF |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | TED CHANDLER |
| 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 | 169576 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 169576 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 169576 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 391475 |
| 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 | 7540 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 7540 |
| 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 | 1190638 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1293689 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1166317 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1275759 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 53 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 53 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 9546 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 9546 |
| IRS990/OtherExpensesGrp/Desc | 0 | CHAMBER REIMBURSEMENTS |
| IRS990/OtherExpensesGrp/Desc | 1 | PROJECT EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 2 | INVESTOR EVENTS |
| IRS990/OtherExpensesGrp/Desc | 3 | DUES AND SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 27273 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 1711 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 8165 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 563 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 27273 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 8165 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1711 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 563 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 60272 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 60272 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 4624 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 4624 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 3556 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 3556 |
| 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 | 372180 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 111516 |
| IRS990/PYInvestmentIncomeAmt | 0 | 15768 |
| IRS990/PYOtherExpensesAmt | 0 | 61826 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 104646 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 109960 |
| IRS990/PYTotalExpensesAmt | 0 | 283302 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 387948 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 103051 |
| 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 | 1086927 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1094466 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt | 0 | 240000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt | 0 | 247500 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt | 0 | 258500 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt | 0 | 351000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt | 0 | 211500 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 1308500 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 383935 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 372180 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 428525 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 536250 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 310250 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 2031140 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 7540 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 15768 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 194 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 194 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 194 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 23890 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 7540 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 15768 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 194 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 194 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 194 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 23890 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.01160 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00800 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.35160 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.34130 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 722640 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 240000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 247500 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 258500 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 351000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt | 0 | 211500 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 1308500 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 383935 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 372180 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 428525 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 536250 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 310250 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 2031140 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 391475 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 387948 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 428719 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 536444 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 310444 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 2055030 |
| 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 | 17500 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 30000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 5000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 4 | 100000 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)6 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | N/A |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 2 | 501(C)3 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 3 | 501(C)6 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 4 | 501(C)3 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | TO REIMBURSE THE CHAMBER FOR EXCELLENCE IN EDUCATION TEACHER OF THE YEAR EXPENSES. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | PART 2 OF 2 OF AN INCENTIVE FULFILLMENT TO CREATE ADDITIONAL JOBS IN ALAMANCE COUNTY. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | TO SUPPORT ORGANIZATION'S PURPOSE. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | TO HELP FUND CONTRACT FOR CENSUS COORDINATOR. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 4 | TO FUND ALAMANCE SMALL BUSINESS REVOLVING LOAN FUND. |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | ALAMANCE COUNTY CHAMBER - TEACHER OF THE YEAR |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | LOTUS BAKERIES LLC |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | NEW LEAF SOCIETY |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | ALAMANCE COUNTY CHAMBER - CENSUS COORDINATOR FUNDS |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 4 | ALAMANCE COMMUNITY FOUNDATION - SMALL BUSINESS REVOLVING LOAN FUND |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 560156970 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 821300286 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 2 | 261560297 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 3 | 560156970 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 4 | 823275373 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | PO BOX 450 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 2010 PARK CENTER DRIVE |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | PO BOX 4083 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | PO BOX 450 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 4 | PO BOX 726 |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | BURLINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | MEBANE |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | BURLINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | BURLINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 4 | 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/StateAbbreviationCd | 4 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 272160450 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 27302 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 272150901 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 3 | 272160450 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 4 | 27216 |
| 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 | 2 |
| 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 | 1190638 |
| IRS990/TotalAssetsEOYAmt | 0 | 1293689 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1190638 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1293689 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 383935 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 32122 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 256302 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 288424 |
| 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 | 1190638 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1293689 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 256302 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 7540 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 391475 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
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Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.