Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
10 people listed on the 990.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Boosts economic growth and opportunities in Alamance County, North Carolina.
Questions for Alamance County Economic Development Foundation
Your first name shows with your question. Alamance County Economic Development Foundation answers here, for everyone.
The foundation's activities seek to increase jobs and new investment in the Alamance County area and to assist in and facilitate the growth of jobs and investment in existing industry in the area through marketing, research, and public/media relations. In 2025, the Foundation awarded 14 grants totaling $105,000.
Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2384314) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.5M | $1.5M |
| Land, buildings, equipmentLn 10c | $714 | $429 |
| Total assetsLn 16 | $1.5M | $1.5M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $1.5M | $1.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $111K | $111K | ||
| Other salaries and wagesLn 7 | $148K | $148K | ||
| Pension plan contributionsLn 8 | $8K | $8K | ||
| Other employee benefitsLn 9 | $22K | $22K | ||
| Payroll taxesLn 10 | $11K | $11K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Other fees for servicesLn 11g | $13K | $6K | $6K | |
| Advertising and promotionLn 12 | $60 | $60 | ||
| Office expensesLn 13 | $1K | $1K | ||
| Depreciation, depletion and amortizationLn 22 | $285 | $285 | ||
| Other expenses (24a–d)Ln 24 | $108K | $99K | $9K | |
| All other expensesLn 24e | $9K | $2K | $8K | |
| Total functional expensesLn 25 | $436K | $408K | $28K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Jul 29, 2026 | $452K | $436K | $16K | $1.5M | 990 PDF |
| FY2024Filed with the IRS Aug 4, 2025 | $376K | $371K | $5K | $1.5M | 990 PDF |
| FY2023Filed with the IRS May 22, 2024 | $401K | $398K | $2K | $1.5M | 990 PDF |
| FY2022Filed with the IRS May 15, 2023 | $570K | $473K | $97K | $1.5M | 990 PDF |
| FY2021Filed with the IRS Nov 14, 2022 | $416K | $354K | $61K | $1.4M | 990 PDF |
| FY2020Filed with the IRS Feb 17, 2021 | $391K | $288K | $103K | $1.3M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $451,969 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 1 to look at
Part VIII · Statement of revenue $451,969 across 4 lines filed
Part IX · Statement of functional expenses $436,101 across 12 lines filed
Part X · Balance sheet $1,498,338 assets, 9 lines filed
Part XI · Reconciliation of net assets $1,498,338 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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