Maintain the regions fed. Economic dev. District.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $554 a year · under 1% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $421K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$228K
-61% vs prior year
Spent
$227K
To programs
100%
Net assets
$45K
By yearFY2021–FY2025
Revenue
$228K
FY2023▼ -61%
Tap a bar for its year
Revenue by fiscal year
FY2021$319K
FY2022$578K
FY2023$228K
FY2024$190K
FY2025$181K
Expenses
$227K
FY2023▼ -60%
Tap a bar for its year
Expenses by fiscal year
FY2021$312K
FY2022$574K
FY2023$227K
FY2024Not on file
FY2025$191K
Net assets
$45K
FY2023▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$41K
FY2022$44K
FY2023$45K
FY2024$45K
FY2025$36K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $227K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
See Centralina Economic Development Commission INC executive salaries →

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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

Manages the region's federal economic development district.

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3 programs · $227K · in their own filed words · FY2022
01

Centralina maintains the region's eda partnership planning grant, which required an update of the comprehensive economic development strategy, a locally-based and regionally-driven planning project that addresses improving the overall resilience and inclusivity of our region's people, places and economy.

$117Kprogram expense
02

Centralina economic development board provides economic development through regional resources and education for centralina's comprehensive economic development strategy for the nine county region.

$60Kprogram expense
03

Assist municipalities and county governments in updating their disaster recovery and resiliency plans as supported by the eda disaster relief coordinator grant funds. Pre-disaster recovery plans engage members of the whole community to develop recovery capabilities across governmental and resource partners to organize a framework for…

$51Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Cwi Works INCFY2021$421K
Total grants receivedfrom 1 funder$421K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$228K
Ln 12
Gifts and grantsLn 1h$121K
Fees for servicesLn 2g$107K
Money outPt IX
$227K
Ln 25
Programscol B$227K
Owns and owesPt X
$45K
net assets · Ln 32
Total assetsLn 16$45K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$121K
Fees for servicesLn 2g$107K
Total revenueLn 12$228K
Assets in detailPt X, end of year
Other assetsLn 15$35K
Total assetsLn 16$45K
LiabilitiesLn 26$0
Net assetsLn 32$45K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Total assetsLn 16$72K$45K
LiabilitiesLn 26$27K$0
Net assetsLn 32$44K$45K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$224K$224K
Information technologyLn 14$1K$1K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$227K$227K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $181K$191K−$9K$36K 990 PDF
FY2024 $190K$45K 990 PDF
FY2023 Viewing $228K$227K$937$45K 990 PDF
FY2022 $578K$574K$3K$44K 990 PDF
FY2021 $319K$312K$7K$41K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $228,144 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $488,102$120,766
I-9 Program service revenuePrior year $89,518$107,378
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $577,620$228,144
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $574,216$227,207
I-18 Total expensesPrior year $574,216$227,207
I-19 Revenue less expensesPrior year $3,404$937
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $228,144 across 4 lines filed
VIII-1f All other contributions, gifts and grants$120,766
VIII-1h Total contributions, gifts and grants$120,766
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $107,378$107,378
VIII-12 Total revenueRelated to mission $107,378$228,144
Part IX · Statement of functional expenses $227,207 across 3 lines filed
IX-11a Management feesPrograms $224,177$224,177
IX-14 Information technologyPrograms $1,334$1,334
IX-24 Other expenses (24a–d)Programs $1,696$1,696
IX-25 Total functional expensesPrograms $227,207 · Management $0 · Fundraising $0$227,207
Part X · Balance sheet $45,176 assets, 7 lines filed
X-3 Pledges and grants receivableStart of year $69,413$10,559
X-15 Other assetsStart of year $2,127$34,617
X-16 Total assetsStart of year $71,540$45,176
X-26 Total liabilitiesStart of year $27,301$0
X-27 Net assets without donor restrictionsStart of year $44,239$45,176
X-32 Total net assets or fund balancesStart of year $44,239$45,176
X-33 Total liabilities and net assetsStart of year $71,540$45,176
Part XI · Reconciliation of net assets $45,176 net assets at year end
XI-1 Total revenue$228,144
XI-2 Total expenses$227,207
XI-3 Revenue less expenses$937
XI-4 Net assets at start of year$44,239
XI-10 Net assets at end of year$45,176

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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