Liabilities / Assets
19th percentile
Higher debt load relative to assets than 19% of similar nonprofits.
EIN 80-0667463 • 501(c)3 • Garner, NC
Profile
Ownership, maintenance and reuse/redevelopment of a closed manufacturing facility to recover lost jobs and tax base for the benefit of and to reduce costs of government for the town of garner.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
19th percentile
Higher debt load relative to assets than 19% of similar nonprofits.
Liabilities / Revenue
21st percentile
Higher debt load relative to revenue than 21% of similar nonprofits.
Net Margin
96th percentile
Higher net margin than 96% of similar nonprofits.
Top Officer Pay
74th percentile
Higher top officer pay than 74% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
92nd percentile
Faster revenue growth than 92% of similar nonprofits.
Assets
Up$3,632,631
Up $212,592 (+6.2%) from 2023
Liabilities
Flat$139
Flat from 2023
Net Assets
Up$3,632,492
Up $212,592 (+6.2%) from 2023
Revenue
Up$197,070
Up $96,195 (+95%) from 2023
Expenses
Up$33,710
Up $4,137 (+14%) from 2023
Net Income
Up$163,360
Up $92,058 (+129%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Ownership, maintenance and reuse/redevelopment of a closed manufacturing facility to recover lost jobs and tax base for the benefit of and to reduce costs of government for the town of garner.
The gedc (garner economic development corporation) is an economic development non-profit organization that is dedicated to improving the quality of life of all garner residents through business recruitment, supporting entrepreneurship and the retention of existing employers. The gedc is led by a six-member board of directors. The board advises the town council and works with local leaders to promote and further the town of garner's economic development interests.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $1,869,316 | $2,752,855 | ▲ $883,539 |
| Savings and Temporary Cash Investments | $1,163,713 | $436,567 | ▼ $727,146 |
| Prepaid Expenses and Deferred Charges | $542 | $92,989 | ▲ $92,447 |
| Cash and Non-Interest-Bearing Accounts | $78,071 | $24,774 | ▼ $53,297 |
| Total Assets | $3,420,039 | $3,632,631 | ▲ $212,592 |
| Other Assets Total | $308,397 | $325,446 | ▲ $17,049 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $139 | $139 | → $0 |
| Total Liabilities | $139 | $139 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,419,900 | $3,632,492 | ▲ $212,592 |
| Total Net Assets Fund Balance | $3,419,900 | $3,632,492 | ▲ $212,592 |
| Total Liabilities and Net Assets / Fund Balance | $3,420,039 | $3,632,631 | ▲ $212,592 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $234 | - | - |
| Name | Title |
|---|---|
| Jeff Swain | Chairman |
| Buck Kennedy | Board Member |
| Elmo Vance | Board Member |
| Kevin Payne | Board Member |
| Bill Moyer | Secretary |
| Megan Pumarejo | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $32,474 |
| Grants and Similar Amounts Paid | $1,236 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Accounting | - | $9,972 | - | $9,972 |
| Fees for Service Investment Mgmnt Fees | - | $9,865 | - | $9,865 |
| Office Expenses | - | $2,585 | - | $2,585 |
| Insurance | $2,523 | - | - | $2,523 |
| Grants to Domestic Orgs | $1,236 | - | - | $1,236 |
| Advertising | $811 | - | - | $811 |
| Other Expenses | $6,588 | $130 | - | $130 |
| Total Functional Expenses | $11,158 | $22,552 | $0 | $33,710 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $33,710 |
| Total Expenses per Audited Statements | $33,710 |
| Total Expenses per Form 990 | $33,710 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The form 990 will be reviewed and approved by all directors prior to being filed.”
“It is the organization's policy that each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: -has received a copy of the conflicts of interest policy -has read and understands the policy -has agreed to comply with the policy and -understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”
“A compensation policy was not established for the year-ended 6/30/24 as there were no paid employees.”
“The organization will make its governing documents available upon request.”
“The gedc (garner economic development corporation) is an economic development non-profit organization that is dedicated to improving the quality of life of all garner residents through business recruitment, supporting entrepreneurship and the retention of existing employers. The gedc is led by a six-member board of directors. The board advises the town council and works with local leaders to promote and further the town of garner's economic development interests.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 139 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 139 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE GEDC (GARNER ECONOMIC DEVELOPMENT CORPORATION) IS AN ECONOMIC DEVELOPMENT NON-PROFIT ORGANIZATION THAT IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF ALL GARNER RESIDENTS THROUGH BUSINESS RECRUITMENT, SUPPORTING ENTREPRENEURSHIP AND THE RETENTION OF EXISTING EMPLOYERS. THE GEDC IS LED BY A SIX-MEMBER BOARD OF DIRECTORS. THE BOARD ADVISES THE TOWN COUNCIL AND WORKS WITH LOCAL LEADERS TO PROMOTE AND FURTHER THE TOWN OF GARNER'S ECONOMIC DEVELOPMENT INTERESTS. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 811 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 811 |
| IRS990/AllOtherContributionsAmt | 0 | 45000 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | NATE GROOVER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9197734431 |
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| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | GARNER |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27529 |
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| IRS990/BusinessRlnWithFamMemInd | 0 | false |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 24774 |
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| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
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| IRS990/CompensationProcessOtherInd | 0 | false |
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| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 45000 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 1236 |
| IRS990/CYInvestmentIncomeAmt | 0 | 137469 |
| IRS990/CYOtherExpensesAmt | 0 | 32474 |
| IRS990/CYOtherRevenueAmt | 0 | 14601 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 163360 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 33710 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 197070 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | THE GEDC (GARNER ECONOMIC DEVELOPMENT CORPORATION) IS AN ECONOMIC DEVELOPMENT NON-PROFIT ORGANIZATION THAT IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF ALL GARNER RESIDENTS THROUGH BUSINESS RECRUITMENT, SUPPORTING ENTREPRENEURSHIP AND THE RETENTION OF EXISTING EMPLOYERS. THE GEDC IS LED BY A SIX-MEMBER BOARD OF DIRECTORS. THE BOARD ADVISES THE TOWN COUNCIL AND WORKS WITH LOCAL LEADERS TO PROMOTE AND FURTHER THE TOWN OF GARNER'S ECONOMIC DEVELOPMENT INTERESTS. |
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| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 11158 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 9972 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 9972 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 9865 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 9865 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | 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/PersonNm | 0 | JEFF SWAIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ELMO VANCE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | BUCK KENNEDY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MEGAN PUMAREJO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | BILL MOYER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | KEVIN PAYNE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2010 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 28916 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantAmt | 0 | 1236 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 1236 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 1236 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 28916 |
| IRS990/GrossReceiptsAmt | 0 | 197070 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 14601 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 2523 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 2523 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 108553 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 108553 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 1869316 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 2752855 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | THE GEDC (GARNER ECONOMIC DEVELOPMENT CORPORATION) IS AN ECONOMIC DEVELOPMENT NON-PROFIT ORGANIZATION THAT IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF ALL GARNER RESIDENTS THROUGH BUSINESS RECRUITMENT, SUPPORTING ENTREPRENEURSHIP AND THE RETENTION OF EXISTING EMPLOYERS. THE GEDC IS LED BY A SIX-MEMBER BOARD OF DIRECTORS. THE BOARD ADVISES THE TOWN COUNCIL AND WORKS WITH LOCAL LEADERS TO PROMOTE AND FURTHER THE TOWN OF GARNER'S ECONOMIC DEVELOPMENT INTERESTS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3419900 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 3632492 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 28916 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 28916 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 14601 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 14601 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 49232 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3419900 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3632492 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2585 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2585 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 308397 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 325446 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROPERTY TAXES |
| IRS990/OtherExpensesGrp/Desc | 1 | BANK FEES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 130 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 6588 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 6588 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 130 |
| IRS990/PartialLiquidationInd | 0 | false |
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| IRS990/PoliticalCampaignActyInd | 0 | false |
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| IRS990/PrincipalOfficerNm | 0 | JEFF SWAIN |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 45000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 685312 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 49500 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 45000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 869812 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 123154 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 55875 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 31133 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 60431 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 77972 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 348565 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.71390 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 869812 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 45000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 45000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 685312 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 49500 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 45000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 869812 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1218377 |
| 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 | true |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 33710 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 49232 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 231794 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 67689 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 23349 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 1880 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 4 | 500 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 5 | 234 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | LAND - THARRINGTON ROAD |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | LAND - 4575 JONES SAUSAGE ROAD |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | ACCRUED INTEREST RECEIVABLE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | LAND - THARRINGTON ROAD WETLAND |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 4 | DUE DILIGENCE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 5 | FEDERAL TAX LIABILITY |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 49232 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 197070 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 325446 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 33710 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 197070 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 246302 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 33710 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE GEDC (GARNER ECONOMIC DEVELOPMENT CORPORATION) IS AN ECONOMIC DEVELOPMENT NON-PROFIT ORGANIZATION THAT IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF ALL GARNER RESIDENTS THROUGH BUSINESS RECRUITMENT, SUPPORTING ENTREPRENEURSHIP AND THE RETENTION OF EXISTING EMPLOYERS. THE GEDC IS LED BY A SIX-MEMBER BOARD OF DIRECTORS. THE BOARD ADVISES THE TOWN COUNCIL AND WORKS WITH LOCAL LEADERS TO PROMOTE AND FURTHER THE TOWN OF GARNER'S ECONOMIC DEVELOPMENT INTERESTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FORM 990 WILL BE REVIEWED AND APPROVED BY ALL DIRECTORS PRIOR TO BEING FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | IT IS THE ORGANIZATION'S POLICY THAT EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: -HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY -HAS READ AND UNDERSTANDS THE POLICY -HAS AGREED TO COMPLY WITH THE POLICY AND -UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A COMPENSATION POLICY WAS NOT ESTABLISHED FOR THE YEAR-ENDED 6/30/24 AS THERE WERE NO PAID EMPLOYEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 139 |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 139 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 3632492 |
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| IRS990/TypeOfOrganizationCorpInd | 0 | X |
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| IRS990/USAddress/AddressLine1Txt | 0 | PO BOX 1956 |
| IRS990/USAddress/CityNm | 0 | GARNER |
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| IRS990/WebsiteAddressTxt | 0 | WWW.CHOOSEGARNERNC.COM |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JEFF SWAIN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9197734431 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-07-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GARNER ECONOMIC DEVELOPMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GARN |
| ReturnHeader/Filer/EIN | 0 | 800667463 |
| ReturnHeader/Filer/PhoneNum | 0 | 9197734431 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 1956 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GARNER |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 27529 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 561743537 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | LANGDON & COMPANY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 223 US HIGHWAY 70 EAST SUITE 100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | GARNER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 275294051 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9196621001 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-07-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SUSAN DEAN |
| ReturnHeader/ReturnTs | 0 | 2025-07-29T09:12:55-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
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