Alexander County Economic Development: Nonprofit Profile, Financials & Form 990 (EIN 20-4238865)

Revenue by fiscal year
FY2021	$144K
FY2022	$260K
FY2023	$1.3M
FY2024	$158K
FY2025	$53K

Expenses by fiscal year
FY2021	$234K
FY2022	$273K
FY2023	$202K
FY2024	$2.4M
FY2025	$108K

Net assets by fiscal year
FY2021	$1.1M
FY2022	$1.1M
FY2023	$2.3M
FY2024	$54K
FY2025	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

83 cents of each dollar spent went to programs.

83%

17%

Program services 83% · $89K Management & general 17% · $19K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation

Rod Watts

Chairman/Treasurer

$0Pt VII · Sec A

Tim Little

Vice Chairman

$0Pt VII · Sec A

Andrew Jackson

Secretary/Treasurer

$0Pt VII · Sec A

Ryan Mayberry

Chairman/Treasurer

$0Pt VII · Sec A

Carrie Lackey

Board Member

$0Pt VII · Sec A

Marissa Cooper-Winstead

Board Member

$0Pt VII · Sec A

See Alexander County Economic Development executive salaries →

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 jobs and quality of life through economic development in Alexander County.

Questions for Alexander County Economic Development

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1 program · $89K · in their own filed words · FY2024

01

Provided industrial grants to local businesses to help create new jobs for Alexander County

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-4238865) · Dispute this line

$89Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

American Online Giving Foundation INCFY2024$50K

Total grants receivedfrom 1 funder$50K

Grants paid · 13 grants · $553K · 2020–2023

Paragon Films INCFY2023$53,471

Individual RecipientFY2023$53,409

Individual RecipientFY2023$8,127

Paragon Films INCFY2022$67,450

Individual RecipientFY2022$62,341

Individual RecipientFY2022$8,048

Paragon Films INCFY2021$66,606

Individual RecipientFY2021$60,209

Individual RecipientFY2021$8,177

Individual RecipientFY2020$86,662

Paragon Films INCFY2020$66,390

Brushy Mountain Golf Course LLCFY2020$7,845

Schneider Mills INCFY2020$3,862

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$53K

Ln 12

Gifts and grantsLn 1h$50K

Other incomeLn 4–11$3K

Investment incomeLn 3$138

Money outPt IX

$108K

Ln 25

Programscol B$89K

Managementcol C$19K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$50K

Investment incomeLn 3$138

Other incomeLn 4–11$3K

Total revenueLn 12$53K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$57K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$10K	$0
Total assetsLn 16	$67K	$0
LiabilitiesLn 26	$12K	$0
Net assetsLn 32	$54K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$48K	$48K
Accounting feesLn 11c	$8K		$8K
Advertising and promotionLn 12	$500	$500
Depreciation, depletion and amortizationLn 22	$10K		$10K
Other expenses (24a–d)Ln 24	$42K	$41K	$551
Total functional expensesLn 25	$108K	$89K	$19K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Sep 9, 2025	$53K	$108K	−$54K	$0	990 PDF
FY2024Filed with the IRS Oct 28, 2024	$158K	$2.4M	−$2.2M	$54K	990 PDF
FY2023Filed with the IRS Nov 9, 2023	$1.3M	$202K	$1.1M	$2.3M	990 PDF
FY2022Filed with the IRS Sep 8, 2022	$260K	$273K	−$14K	$1.1M	990 PDF
FY2021Filed with the IRS Nov 11, 2021	$144K	$234K	−$90K	$1.1M	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $53,388 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $158,300$50,000

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $67$138

I-11 Other revenuePrior year $0$3,250

I-12 Total revenuePrior year $158,367$53,388

I-13 Grants and similar amounts paidPrior year $126,668$47,500

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,277,225$60,210

I-18 Total expensesPrior year $2,403,893$107,710

I-19 Revenue less expensesPrior year −$2,245,526−$54,322

Part VI · Governance 6 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

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 $53,388 across 5 lines filed

VIII-1f All other contributions, gifts and grants$50,000

VIII-1h Total contributions, gifts and grants$50,000

VIII-3 Investment incomeExcluded from tax $138$138

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,250$3,250

VIII-12 Total revenueRelated to mission $3,250 · Unrelated business $0 · Excluded from tax $138$53,388

Part IX · Statement of functional expenses $107,710 across 5 lines filed

IX-1 Grants to domestic organizationsPrograms $47,500$47,500

IX-11c Accounting feesManagement $8,150$8,150

IX-12 Advertising and promotionPrograms $500$500

IX-22 Depreciation, depletion and amortizationManagement $9,958$9,958

IX-24 Other expenses (24a–d)Programs $41,051 · Management $551$41,602

IX-25 Total functional expensesPrograms $89,051 · Management $18,659 · Fundraising $0$107,710

Part X · Balance sheet $0 assets, 21 lines filed

X-1 Cash, non-interest-bearingStart of year $44,631$0

X-2 Savings and temporary cash investmentsStart of year $12,098$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivable$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, netStart of year $9,958$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $66,687$0

X-17 Accounts payable and accrued expensesStart of year $12,365$0

X-26 Total liabilitiesStart of year $12,365$0

X-27 Net assets without donor restrictionsStart of year $54,322$0

X-32 Total net assets or fund balancesStart of year $54,322$0

X-33 Total liabilities and net assetsStart of year $66,687$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$53,388

XI-2 Total expenses$107,710

XI-3 Revenue less expenses−$54,322

XI-4 Net assets at start of year$54,322

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$0

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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Alexander County Economic Development

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Alexander County Economic Development

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

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