Civic Intelligence

Economic Development Partnership of North Carolina Inc.

990 • Fiscal year 2022 • EIN 46-4840814

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 18, 2023

Organization ProfileWWW.EDPNC.COM
150 Fayetteville Street 1200Raleigh, NC 27601

(919) 447-7777

Siviq Scores

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

Liabilities / Assets

59th percentile

0.31x

Higher debt load relative to assets than 59% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

24th percentile

0.10x

Higher debt load relative to revenue than 24% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

42nd percentile

3.3%

Higher net margin than 42% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$487,320

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

35th percentile

-4.1%

Faster asset growth than 35% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-35%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$8,246,221

Down $351,629 (-4.1%) from 2021

Net Assets

Up

$5,715,556

Up $842,643 (+17%) from 2021

Liabilities

Down

$2,530,665

Down $1,194,272 (-32%) from 2021

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin42nd percentile

Revenue

Down

$25,900,688

Down $13,971,395 (-35%) from 2021

Expenses

Down

$25,058,045

Down $13,455,409 (-35%) from 2021

Net Income

Down

$842,643

Down $515,986 (-38%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$150M$100M$50M$0Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $50Liabilities 2014: $0Net Assets 2014: $502014Assets 2015: $2,593,708Liabilities 2015: $639,647Net Assets 2015: $1,954,0612015Assets 2016: $3,012,255Liabilities 2016: $736,379Net Assets 2016: $2,275,8762016Assets 2017: $8,432,840Liabilities 2017: $6,226,957Net Assets 2017: $2,205,8832017Assets 2018: $3,793,975Liabilities 2018: $670,491Net Assets 2018: $3,123,4842018Assets 2019: $3,583,941Liabilities 2019: $674,699Net Assets 2019: $2,909,2422019Assets 2020: $10,570,203Liabilities 2020: $7,055,919Net Assets 2020: $3,514,2842020Assets 2021: $8,597,850Liabilities 2021: $3,724,937Net Assets 2021: $4,872,9132021Assets 2022: $8,246,221Liabilities 2022: $2,530,665Net Assets 2022: $5,715,5562022Assets 2023: $25,065,283Liabilities 2023: $18,106,947Net Assets 2023: $6,958,3362023Assets 2024: $38,670,385Liabilities 2024: $30,293,230Net Assets 2024: $8,377,1552024Assets 2025: $130,673,830Liabilities 2025: $121,439,408Net Assets 2025: $9,234,4222025

Highlighted filing

2022

Assets$8,246,221
Liabilities$2,530,665
Net Assets$5,715,556
Open 2022 Filing

Operations Trend

Revenue Growth11th percentile

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

$60M$40M$20M$0-$20MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $35,870Expenses 2014: $35,820Net Income 2014: $502014Revenue 2015: $14,848,641Expenses 2015: $12,904,580Net Income 2015: $1,944,0612015Revenue 2016: $18,985,435Expenses 2016: $18,672,260Net Income 2016: $313,1752016Revenue 2017: $23,881,184Expenses 2017: $23,951,177Net Income 2017: -$69,9932017Revenue 2018: $24,333,761Expenses 2018: $23,416,160Net Income 2018: $917,6012018Revenue 2019: $23,011,507Expenses 2019: $23,225,749Net Income 2019: -$214,2422019Revenue 2020: $20,898,417Expenses 2020: $20,293,375Net Income 2020: $605,0422020Revenue 2021: $39,872,083Expenses 2021: $38,513,454Net Income 2021: $1,358,6292021Revenue 2022: $25,900,688Expenses 2022: $25,058,045Net Income 2022: $842,6432022Revenue 2023: $52,521,206Expenses 2023: $51,278,426Net Income 2023: $1,242,7802023Revenue 2024: $42,149,721Expenses 2024: $40,730,902Net Income 2024: $1,418,8192024Revenue 2025: $52,335,240Expenses 2025: $51,477,973Net Income 2025: $857,2672025

Highlighted filing

2022

Revenue$25,900,688
Expenses$25,058,045
Net Income$842,643
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 18, 2023
Return Version
2021v4.2
Gross Receipts
$25,900,688
Mission and Program Overview

Mission

Our mission is to improve the economic well-being and quality of life for all north carolinians. We do this by collaborating with state, regional, local, and private-sector partners in new business recruitment, existing employer support, international trade and export assistance, small business start-up counseling, and tourism promotion.

Collaborating with state, regional, local, and private-sector partners to improve the economic well-being and quality of life for all north carolinians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,995,510$5,678,180▼ $1,317,330
Land, Buildings, and Equipment, Net$348,940$1,703,842▲ $1,354,902
Accounts Receivable$270,488$433,462▲ $162,974
Prepaid Expenses and Deferred Charges$967,991$417,109▼ $550,882
Total Assets$8,597,850$8,246,221▼ $351,629
Other Assets Total$14,921$13,628▼ $1,293
Liabilities
Other Liabilities$416,004$1,689,963▲ $1,273,959
Accounts Payable and Accrued Expenses$562,170$814,749▲ $252,579
Deferred Revenue$2,746,763$25,953▼ $2,720,810
Total Liabilities$3,724,937$2,530,665▼ $1,194,272
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,872,913$5,715,556▲ $842,643
Total Net Assets Fund Balance$4,872,913$5,715,556▲ $842,643
Total Liabilities and Net Assets / Fund Balance$8,597,850$8,246,221▼ $351,629

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,483,701$539,527$2,023,228
Other Land Buildings$149,043$123,741$272,784
Equipment$71,098$83,502$154,600
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher ChungCEOFT$269,538$217,782$487,320
Michael EbertCOOFT$151,011$32,915$183,926
Melissa SmithVP, Business RecruitmentFT$125,905$27,781$153,686
William TuttellVP, TourismFT$132,142$15,620$147,762
Korey HowardDirector, Business. Dev.FT$131,037$15,296$146,333
Denise DesatnickVP MarketingFT$128,338$7,387$135,725
John LoyackVP, Global Business Serv.FT$128,455$5,542$133,997

Board Members and Trustees

NameTitle
Gene MclaurinDirector & Chair
Spence BroadhurstBoard Director
Aaron ThomasDirector
James R JordanDirector
Jeffery TurnerDirector
Joan HigginbothamDirector
Karen LevertDirector
Keith HoltsclawDirector
Lee NettlesDirector
Machelle SandersDirector
Marie Flow ArcuriDirector
Michelle LoganDirector
Pam CundiffDirector
Pleas McmichaelDirector
Rolf BlizzardDirector
Sam BowlesDirector
Sheila KnightDirector
Swadesh ChatterjeeDirector
Vimal KolappaDirector
William MorganDirector
John KaneDirector & Secretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
William W ChuForeign Trade Rep902 DOMINION CTR 43-59 QUEENS R, Wanchai, Hk$199,275
Revenue and Support

Revenue Composition

Contributions and Grants
$5,093,721
Program Service Revenue
$20,806,967
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,201,510
Change in Net Assets
$842,643

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,900,688
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$50,951
Total Revenue per Audited Statements
$25,951,639
Total Revenue per Form 990
$25,900,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,864,547
Salaries, Compensation, and Employee Benefits$7,193,498
Total Fundraising Expense$238,638
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$13,770,564$2,068$17,827$13,790,459
Other Salaries and Wages$4,939,857$354,419$80,657$5,374,933
Fees for Services Other$1,640,516$13,465-$1,653,981
Occupancy$759,168$36,228$13,384$808,780
Other Employee Benefits$532,250$86,148$6,609$625,007
Current Officers, Directors, Trustees, and Key Employees-$576,023-$576,023
Travel$451,482$5,609$693$457,784
Information Technology$352,269$81,442$5,509$439,220
Payroll Taxes$375,737$51,076$6,451$433,264
Conferences and Meetings$185,127$15,455$104,183$304,765
Pension Plan Contributions$168,799$12,351$3,121$184,271
Interest-$115,798-$115,798
Depreciation Depletion-$83,502-$83,502
Insurance$11,901$42,600-$54,501
Fees for Services Legal$17,014$32,696-$49,710
Office Expenses$35,703$13,324$159$49,186
Fees for Services Accounting$8,329$29,671-$38,000
Other Expenses$18,134$682$45$18,861
Total Functional Expenses$23,266,850$1,552,557$238,638$25,058,045

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$25,108,996
Expenses per Audited Statements$25,058,045
Total Expenses per Form 990$25,058,045
Expenses Not Reported on Form 990$50,951
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
15
Employees
15
Spending
$1,955,352

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesInternational Trade & Foreign Direct Investment55$781,305
East Asia and the PacificProgram ServicesInternational Trade & Foreign Direct Investment55$521,638
North AmericaProgram ServicesInternational Trade & Foreign Direct Investment33$407,044
Middle East and North AfricaProgram ServicesInternational Trade & Foreign Direct Investment11$140,000
South AsiaProgram ServicesInternational Trade & Foreign Direct Investment11$105,365
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligations$1,689,963
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Economic development partnership of north carolina (edpnc) is a legally separate non-profit corporation created to consolidate and enhance the state's economic development marketing and sales functions previously conducted by the n.c. Department of commerce. These functions include export promotion, tourism marketing, existing industry support, small business assistance, and business recruitment. Edpnc is governed by a 18-member board comprised nine directors, including the chair, appointed by the governor of the state of north carolina, four directors appointed by the speaker of the house of representatives of the state of north carolina, four directors appointed by the president pro tempore of the senate of the state of north carolina, and the secretary of the north carolina department of commerce as an ex officio director. The state has the ability to remove board members at will. The state's contract with edpnc provides recurring financial support to edpnc, creating a financial benefit/burden relationship.”

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

“The 990 is reviewed by the finance team, coo, ceo and board including board audit committee prior to filing with the irs.”

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

“The policy is read at the beginning of various board meetings and members are asked to self-identify any potential conflicts at that time.”

Form 990, Part VI, Section B, Line 15

“The board used comparative data gathered from the form 990s and other disclosures of similar entities when determining the ceo's compensation.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Economic Development Partnership of
EIN
46-4840814
Phone
9194477777
Address
150 FAYETTEVILLE STREET 1200, RALEIGH, NC 27601

Signing Officer

Name
Christopher Chung
Title
CEO
Phone
9194477777
Signed
2023-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Chung
Formed
2013
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
77
Volunteers
21

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
3800 GLENWOOD AVE SUITE 200, RALEIGH, NC 27612
Preparer
Amanda Adams
Phone
9197821040
Raw XML AppendixShowing 400 of 714 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0COLLABORATING WITH STATE, REGIONAL, LOCAL, AND PRIVATE-SECTOR PARTNERS TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL NORTH CAROLINIANS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2152905
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2212634
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2315620
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt247387
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt255542
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2613341
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2715296
IRS990/Form990PartVIISectionAGrp/PersonNm0GENE MCLAURIN
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN KANE
IRS990/Form990PartVIISectionAGrp/PersonNm2MARIE FLOW ARCURI
IRS990/Form990PartVIISectionAGrp/PersonNm3ROLF BLIZZARD
IRS990/Form990PartVIISectionAGrp/PersonNm4SAM BOWLES
IRS990/Form990PartVIISectionAGrp/PersonNm5SPENCE BROADHURST
IRS990/Form990PartVIISectionAGrp/PersonNm6SWADESH CHATTERJEE
IRS990/Form990PartVIISectionAGrp/PersonNm7PAM CUNDIFF
IRS990/Form990PartVIISectionAGrp/PersonNm8JOAN HIGGINBOTHAM
IRS990/Form990PartVIISectionAGrp/PersonNm9KEITH HOLTSCLAW
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMES R JORDAN
IRS990/Form990PartVIISectionAGrp/PersonNm11SHEILA KNIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm12VIMAL KOLAPPA
IRS990/Form990PartVIISectionAGrp/PersonNm13KAREN LEVERT
IRS990/Form990PartVIISectionAGrp/PersonNm14MICHELLE LOGAN
IRS990/Form990PartVIISectionAGrp/PersonNm15PLEAS MCMICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm16WILLIAM MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm17LEE NETTLES
IRS990/Form990PartVIISectionAGrp/PersonNm18MACHELLE SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm19AARON THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm20JEFFERY TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm21CHRISTOPHER CHUNG
IRS990/Form990PartVIISectionAGrp/PersonNm22MICHAEL EBERT
IRS990/Form990PartVIISectionAGrp/PersonNm23WILLIAM TUTTELL
IRS990/Form990PartVIISectionAGrp/PersonNm24DENISE DESATNICK
IRS990/Form990PartVIISectionAGrp/PersonNm25JOHN LOYACK
IRS990/Form990PartVIISectionAGrp/PersonNm26MELISSA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm27KOREY HOWARD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21434415
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22171292
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23132142
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24128338
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25128455
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt26140345
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt27131037
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR & CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR & SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt22COO
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP, TOURISM
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP, GLOBAL BUSINESS SERV.
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP, BUSINESS RECRUITMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR, BUSINESS. DEV.
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GovernmentGrantsAmt03892211
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt025900688
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt016
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt05509
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt081442
IRS990/InformationTechnologyGrp/ProgramServicesAmt0352269
IRS990/InformationTechnologyGrp/TotalAmt0439220
IRS990/InsuranceGrp/ManagementAndGeneralAmt042600
IRS990/InsuranceGrp/ProgramServicesAmt011901
IRS990/InsuranceGrp/TotalAmt054501
IRS990/InterestGrp/ManagementAndGeneralAmt0115798
IRS990/InterestGrp/TotalAmt0115798
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0746770
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0348940
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01703842
IRS990/LandBldgEquipCostOrOtherBssAmt02450612
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OUR MISSION IS TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL NORTH CAROLINIANS. WE DO THIS BY COLLABORATING WITH STATE, REGIONAL, LOCAL, AND PRIVATE-SECTOR PARTNERS IN NEW BUSINESS RECRUITMENT, EXISTING EMPLOYER SUPPORT, INTERNATIONAL TRADE AND EXPORT ASSISTANCE, SMALL BUSINESS START-UP COUNSELING, AND TOURISM PROMOTION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04872913
IRS990/NetAssetsOrFundBalancesEOYAmt05715556
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04872913
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05715556
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt013384
IRS990/OccupancyGrp/ManagementAndGeneralAmt036228
IRS990/OccupancyGrp/ProgramServicesAmt0759168
IRS990/OccupancyGrp/TotalAmt0808780
IRS990/OfficeExpensesGrp/FundraisingAmt0159
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013324
IRS990/OfficeExpensesGrp/ProgramServicesAmt035703
IRS990/OfficeExpensesGrp/TotalAmt049186
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014921
IRS990/OtherAssetsTotalGrp/EOYAmt013628
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06609
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt086148
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0532250
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0625007
IRS990/OtherExpensesGrp/Desc0HOSPITALITY
IRS990/OtherExpensesGrp/FundraisingAmt045
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0682
IRS990/OtherExpensesGrp/ProgramServicesAmt018134
IRS990/OtherExpensesGrp/TotalAmt018861
IRS990/OtherLiabilitiesGrp/BOYAmt0416004
IRS990/OtherLiabilitiesGrp/EOYAmt01689963
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt080657
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0354419
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04939857
IRS990/OtherSalariesAndWagesGrp/TotalAmt05374933
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06451
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt051076
IRS990/PayrollTaxesGrp/ProgramServicesAmt0375737
IRS990/PayrollTaxesGrp/TotalAmt0433264
IRS990/PensionPlanContributionsGrp/FundraisingAmt03121
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012351
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0168799
IRS990/PensionPlanContributionsGrp/TotalAmt0184271
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0967991
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0417109
IRS990/PrincipalOfficerNm0CHRISTOPHER CHUNG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0STATE OF NC FUNDING
IRS990/ProgramServiceRevenueGrp/Desc1EVENT REVENUE

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,246,221
Liabilities
$2,530,665
Net assets
$5,715,556
Revenue
$25,900,688
Expenses
$25,058,045
Net income
$842,643
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$131$121$9.23$52.3$51.5$0.86
2024Detailed filing. Detailed filing data is available for this year.$38.7$30.3$8.38$42.1$40.7$1.42
2023Detailed filing. Detailed filing data is available for this year.$25.1$18.1$6.96$52.5$51.3$1.24
2022Detailed filing. Detailed filing data is available for this year.$8.25$2.53$5.72$25.9$25.1$0.84
2021Detailed filing. Detailed filing data is available for this year.$8.60$3.72$4.87$39.9$38.5$1.36
2020Detailed filing. Detailed filing data is available for this year.$10.6$7.06$3.51$20.9$20.3$0.61
2019Detailed filing. Detailed filing data is available for this year.$3.58$0.67$2.91$23.0$23.2$0.21
2018Detailed filing. Detailed filing data is available for this year.$3.79$0.67$3.12$24.3$23.4$0.92
2017Detailed filing. Detailed filing data is available for this year.$8.43$6.23$2.21$23.9$24.0$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.01$0.74$2.28$19.0$18.7$0.31
2015Detailed filing. Detailed filing data is available for this year.$2.59$0.64$1.95$14.8$12.9$1.94
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.04$0.04$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $25M-$50M nonprofits