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
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
10 people listed on the 990.
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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.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.2M | $1.3M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $1.2M | $1.3M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $1.2M | $1.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $170K | $170K | ||
| Other salaries and wagesLn 7 | $60K | $60K | ||
| Pension plan contributionsLn 8 | $4K | $4K | ||
| Other employee benefitsLn 9 | $10K | $10K | ||
| Payroll taxesLn 10 | $5K | $5K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Office expensesLn 13 | $53 | $53 | ||
| Other expenses (24a–d)Ln 24 | $38K | $9K | $29K | |
| All other expensesLn 24e | $200 | $200 | ||
| Total functional expensesLn 25 | $288K | $256K | $32K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $452K | $436K | $16K | $1.5M | 990 PDF |
| FY2024 | $376K | $371K | $5K | $1.5M | 990 PDF |
| FY2023 | $401K | $398K | $2K | $1.5M | 990 PDF |
| FY2022 | $570K | $473K | $97K | $1.5M | 990 PDF |
| FY2021 | $416K | $354K | $61K | $1.4M | 990 PDF |
| FY2020 Viewing | $391K | $288K | $103K | $1.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $391,475 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 1 to look at
Part VIII · Statement of revenue $391,475 across 4 lines filed
Part IX · Statement of functional expenses $288,424 across 9 lines filed
Part X · Balance sheet $1,293,689 assets, 9 lines filed
Part XI · Reconciliation of net assets $1,293,689 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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