Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
990 • Fiscal year 2022 • EIN 56-1513284
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Liabilities / Revenue
66th percentile
Higher debt load relative to revenue than 66% of similar nonprofits.
Net Margin
81st percentile
Higher net margin than 81% of similar nonprofits.
Top Officer Pay
71st percentile
Higher top officer pay than 71% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
94th percentile
Faster asset growth than 94% of similar nonprofits.
Revenue Growth
66th percentile
Faster revenue growth than 66% of similar nonprofits.
Assets
Up$973,565
Up $376,521 (+63%) from 2021
Net Assets
Up$837,206
Up $285,879 (+52%) from 2021
Liabilities
Up$136,359
Up $90,642 (+198%) from 2021
Revenue
Up$866,942
Up $118,311 (+16%) from 2021
Expenses
Down$581,063
Down $99,564 (-15%) from 2021
Net Income
Up$285,879
Up $217,875 (+320%) from 2021
Community economic development
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $595,590 | $971,378 | ▲ $375,788 |
| Land, Buildings, and Equipment, Net | $1,454 | $2,187 | ▲ $733 |
| Total Assets | $597,044 | $973,565 | ▲ $376,521 |
| Liabilities | |||
| Grants Payable | $20,918 | $114,397 | ▲ $93,479 |
| Accounts Payable and Accrued Expenses | $24,799 | $21,962 | ▼ $2,837 |
| Total Liabilities | $45,717 | $136,359 | ▲ $90,642 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $540,322 | $829,928 | ▲ $289,606 |
| Net Assets With Donor Restrictions | $11,005 | $7,278 | ▼ $3,727 |
| Total Net Assets Fund Balance | $551,327 | $837,206 | ▲ $285,879 |
| Total Liabilities and Net Assets / Fund Balance | $597,044 | $973,565 | ▲ $376,521 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $2,187 | $3,421 | - |
| Name | Title |
|---|---|
| Sharee Carter | Board Chair |
| Greg Walter | Past Chair |
| Steve Fisher | Vice Chair |
| Donna Carpenter | Board Member |
| Doug Paris | Board Member |
| Jay Eaves | Board Member |
| Lloyd Payne | Board Member |
| Michael Wilson | Board Member |
| Randy Holloway | Board Member |
| Rob Donham | Board Member |
| Rodney Ball | Board Member |
| Mike Downs | Secretary |
| Mike Legg | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $296,214 |
| Salaries, Compensation, and Employee Benefits | $284,849 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $242,122 | $42,727 | - | $284,849 |
| Advertising | $84,392 | - | - | $84,392 |
| Occupancy | $27,876 | $27,875 | - | $55,751 |
| Fees for Services Accounting | - | $26,150 | - | $26,150 |
| Fees for Services Other | - | $5,000 | - | $5,000 |
| Travel | $2,580 | $455 | - | $3,035 |
| Other Expenses | $2,423 | $428 | - | $2,851 |
| Office Expenses | $2,189 | $386 | - | $2,575 |
| Insurance | $1,633 | $288 | - | $1,921 |
| All Other Expenses | $516 | $73 | - | $589 |
| Depreciation Depletion | $400 | $71 | - | $471 |
| Total Functional Expenses | $466,066 | $114,997 | $0 | $581,063 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $581,063 |
| Total Expenses per Audited Statements | $581,063 |
| Total Expenses per Form 990 | $581,063 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“A draft of the 990 was provided to the board members for review before it was filed.”
“Ceo annually has each key officer and director review for changes in conflict of interest status and if conflicts arise appropriate procedures are followed to protect the interests of cabarrus economic development inc.”
“The board of directors reviews the executive director compensation on an annual basis.”
“The organization's governing documents and financial statements are available upon request.”
“The process has not changed from the prior year.”
“The organization has adopted asc 740-10 as it relates to uncertain tax positions for the years ended june 30, 2022 and 2021 and has evaluated its tax positions for all open tax years. However, the organization is not currently under audit nor has the organization been contacted by the internal revenue service. Based on the evaluation of the organization's tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions have been recorded for the years ended june 30, 2022 and 2021.”
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/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 24799 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 21962 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | COMMUNITY ECONOMIC DEVELOPMENT |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 84392 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 84392 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 73 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 516 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 589 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7047824000 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3003 DALE EARNHARDT BLVD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | KANNAPOLIS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28083 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 595590 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 971378 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| 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 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 107 |
| IRS990/CYOtherExpensesAmt | 0 | 296214 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 866835 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 285879 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 284849 |
| IRS990/CYTotalExpensesAmt | 0 | 581063 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 866942 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 71 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 400 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 471 |
| IRS990/Desc | 0 | THE ORGANIZATION HAS WORKED TO LAY THE FOUNDATION FOR ATTRACTING NEW BUSINESSES TO THE AREA, AND IS MEETING WITH SPECIFIC BUSINESSES IN ITS RECRUITING PROCESS TO CREATE MORE ECONOMIC OPPORTUNITIES. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 11005 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 7278 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 466066 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 26150 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 26150 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 5000 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 5000 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 0.50 |
| 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/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | 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/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | LLOYD PAYNE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MIKE LEGG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DONNA CARPENTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MIKE DOWNS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DOUG PARIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | RANDY HOLLOWAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | RODNEY BALL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | STEVE FISHER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | MICHAEL WILSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | GREG WALTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | SHAREE CARTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | JAY EAVES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | ROB DONHAM |
| 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/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 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/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | PAST CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | BOARD MEMBER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1985 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 13 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 20918 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 114397 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 866942 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 13 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 288 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 1633 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1921 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 107 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 107 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 3421 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1454 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 2187 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 5608 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 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 | COMMUNITY ECONOMIC DEVELOPMENT |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 551327 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 837206 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 540322 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 829928 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 27875 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 27876 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 55751 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 386 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 2189 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2575 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | DUES AND SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 1 | GRANT EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 2 | EDUCATION |
| IRS990/OtherExpensesGrp/Desc | 3 | TELEPHONE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 10729 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 815 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 428 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 60798 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 36521 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 4616 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 2423 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 71527 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 36521 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 5431 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2851 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 42727 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 242122 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 284849 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | MIKE LEGG |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900001 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | CABARRUS COUNTY CONTRA |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | CITY GOVERMENT CONTRAC |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 400000 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 141000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 400000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 141000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 402 |
| IRS990/PYOtherExpensesAmt | 0 | 349858 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 748229 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 68004 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 330769 |
| IRS990/PYTotalExpensesAmt | 0 | 680627 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 748631 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 285879 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| 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/RevenueAmt | 0 | 866835 |
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| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 3421 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 5608 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION HAS ADOPTED ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2022 AND 2021 AND HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2022 AND 2021. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
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| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 581063 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 866942 |
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| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 581063 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A DRAFT OF THE 990 WAS PROVIDED TO THE BOARD MEMBERS FOR REVIEW BEFORE IT WAS FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | CEO ANNUALLY HAS EACH KEY OFFICER AND DIRECTOR REVIEW FOR CHANGES IN CONFLICT OF INTEREST STATUS AND IF CONFLICTS ARISE APPROPRIATE PROCEDURES ARE FOLLOWED TO PROTECT THE INTERESTS OF CABARRUS ECONOMIC DEVELOPMENT INC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR COMPENSATION ON AN ANNUAL BASIS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| 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 B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XII, LINE 2C: |
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| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | BUSINESS SERVICES TO COMMUNITY |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | CONCORD |
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| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
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| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
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| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
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| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
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| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
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| IRS990/TotalAssetsEOYAmt | 0 | 973565 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 597044 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 973565 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 114997 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 466066 |
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| IRS990/TotalGrossUBIAmt | 0 | 0 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 136359 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 45717 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 136359 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 837206 |
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| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 866942 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 597044 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 973565 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 455 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 2580 |
| IRS990/TravelGrp/TotalAmt | 0 | 3035 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 57 UNION STREET SOUTH |
| IRS990/USAddress/CityNm | 0 | CONCORD |
| IRS990/USAddress/StateAbbreviationCd | 0 | NC |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.