Liabilities / Assets
72nd percentile
Higher debt load relative to assets than 72% of similar nonprofits.
990 • Fiscal year 2023 • EIN 56-1513284
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
72nd percentile
Higher debt load relative to assets than 72% of similar nonprofits.
Liabilities / Revenue
71st percentile
Higher debt load relative to revenue than 71% of similar nonprofits.
Net Margin
23rd percentile
Higher net margin than 23% 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
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
16th percentile
Faster revenue growth than 16% of similar nonprofits.
Assets
Flat$930,067
Flat from 2023
Net Assets
Flat$781,711
Flat from 2023
Liabilities
Flat$148,356
Flat from 2023
Revenue
Flat$698,355
Flat from 2023
Expenses
Flat$753,850
Flat from 2023
Net Income
Flat-$55,495
Flat from 2023
Community economic development
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $971,378 | $928,572 | ▼ $42,806 |
| Land, Buildings, and Equipment, Net | $2,187 | $1,495 | ▼ $692 |
| Total Assets | $973,565 | $930,067 | ▼ $43,498 |
| Liabilities | |||
| Grants Payable | $114,397 | $113,679 | ▼ $718 |
| Accounts Payable and Accrued Expenses | $21,962 | $34,677 | ▲ $12,715 |
| Total Liabilities | $136,359 | $148,356 | ▲ $11,997 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $829,928 | $764,299 | ▼ $65,629 |
| Net Assets With Donor Restrictions | $7,278 | $17,412 | ▲ $10,134 |
| Total Net Assets Fund Balance | $837,206 | $781,711 | ▼ $55,495 |
| Total Liabilities and Net Assets / Fund Balance | $973,565 | $930,067 | ▼ $43,498 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $1,495 | $4,113 | - |
| Name | Title |
|---|---|
| Donna Carpenter | Board Chair |
| Roy Hawkins | Board Chair |
| Sharee Carter | Board Chair |
| Greg Walter | Past Chair |
| Steve Fisher | Vice Chair |
| Doug Paris | Board Member |
| Jay Eaves | Board Member |
| Lloyd Payne | Board Member |
| Michael Wilson | Board Member |
| Randy Holloway | Board Member |
| Rob Donham | Board Member |
| Mike Downs | Secretary |
| Mike Legg | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $397,039 |
| Salaries, Compensation, and Employee Benefits | $356,811 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $303,289 | $53,522 | - | $356,811 |
| Advertising | $196,584 | - | - | $196,584 |
| Occupancy | $16,800 | $16,800 | - | $33,600 |
| Fees for Services Accounting | - | $28,835 | - | $28,835 |
| Fees for Services Other | - | $20,573 | - | $20,573 |
| Travel | $9,665 | $1,705 | - | $11,370 |
| Office Expenses | $8,272 | $1,460 | - | $9,732 |
| Other Expenses | $2,801 | $494 | - | $3,295 |
| Insurance | $1,888 | $333 | - | $2,221 |
| All Other Expenses | $1,859 | $329 | - | $2,188 |
| Depreciation Depletion | $588 | $104 | - | $692 |
| Total Functional Expenses | $617,320 | $136,530 | $0 | $753,850 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $753,850 |
| Total Expenses per Audited Statements | $753,850 |
| Total Expenses per Form 990 | $753,850 |
| 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, 2023 and 2022 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, 2023 and 2022.”
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 | 21962 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 34677 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | COMMUNITY ECONOMIC DEVELOPMENT |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 196584 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 196584 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 329 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 1859 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 2188 |
| 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 | 971378 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 928572 |
| 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 | 964 |
| IRS990/CYOtherExpensesAmt | 0 | 397039 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 697391 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -55495 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 356811 |
| IRS990/CYTotalExpensesAmt | 0 | 753850 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 698355 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 104 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 588 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 692 |
| 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 | 7278 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 17412 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 617320 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 28835 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 28835 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 20573 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 20573 |
| 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 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.50 |
| 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 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 0.50 |
| 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 | MIKE DOWNS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DOUG PARIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | RANDY HOLLOWAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | STEVE FISHER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | MICHAEL WILSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | GREG WALTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | SHAREE CARTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | JAY EAVES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | ROB DONHAM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | DONNA CARPENTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | ROY HAWKINS |
| 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 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | PAST CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | BOARD CHAIR |
| 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 | 114397 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 113679 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 698355 |
| 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 | 333 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 1888 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 2221 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 964 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 964 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 4113 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 2187 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1495 |
| 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 | 837206 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 781711 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 829928 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 764299 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 16800 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 16800 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 33600 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1460 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 8272 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 9732 |
| 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 | 11686 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 689 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 494 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 66223 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 5444 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 3907 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 2801 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 77909 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 5444 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 4596 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 3295 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 53522 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 303289 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 356811 |
| 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 | 107 |
| IRS990/PYOtherExpensesAmt | 0 | 296214 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 866835 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 285879 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 284849 |
| IRS990/PYTotalExpensesAmt | 0 | 581063 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 866942 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -55495 |
| 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/RevenueAmt | 0 | 697391 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 1495 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 4113 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 5608 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 753850 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 698355 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION HAS ADOPTED ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2023 AND 2022 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, 2023 AND 2022. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1495 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 753850 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 698355 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 698355 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 753850 |
| 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: |
| 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 | 973565 |
| IRS990/TotalAssetsEOYAmt | 0 | 930067 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 973565 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 930067 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 136530 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 617320 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 753850 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 136359 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 148356 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 136359 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 148356 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 837206 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 781711 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt | 0 | 156391 |
| IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt | 0 | 156391 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 617320 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 697391 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 964 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 697391 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 698355 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 973565 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 930067 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 1705 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 9665 |
| IRS990/TravelGrp/TotalAmt | 0 | 11370 |
| 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 |
| IRS990/USAddress/ZIPCd | 0 | 28025 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 13 |
| IRS990/VotingMembersIndependentCnt | 0 | 13 |
| IRS990/WebsiteAddressTxt | 0 | WWW.CABARRUSEDC.COM |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MIKE LEGG |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7047824000 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-30 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CABARRUS ECONOMIC DEVELOPMENT INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CABA |
| ReturnHeader/Filer/EIN | 0 | 561513284 |
| ReturnHeader/Filer/PhoneNum | 0 | 7047824000 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 57 UNION STREET SOUTH |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CONCORD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28025 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 561220683 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | POTTER & COMPANY PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 434 COPPERFIELD BLVD NE STE A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CONCORD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 28025 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7047868189 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KENNI E DOYLE CPA |
| ReturnHeader/ReturnTs | 0 | 2023-12-14T09:05:25-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MIKE |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | LEGG |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.