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
99 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
6 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 jobs and quality of life through economic development in Alexander County.
Questions for Alexander County Economic Development
Your first name shows with your question. Alexander County Economic Development answers here, for everyone.
Provided industrial grants to local businesses to help create new jobs for Alexander County
Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-4238865) · 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 FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $341K | $57K |
| Land, buildings, equipmentLn 10c | $2.1M | $10K |
| Total assetsLn 16 | $2.4M | $67K |
| LiabilitiesLn 26 | $144K | $12K |
| Net assetsLn 32 | $2.3M | $54K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $127K | $127K | ||
| Management feesLn 11a | $15K | $15K | ||
| Advertising and promotionLn 12 | $4K | $4K | ||
| Office expensesLn 13 | $259 | $259 | ||
| OccupancyLn 16 | $7K | $7K | ||
| TravelLn 17 | $850 | $850 | ||
| InterestLn 20 | $13 | $13 | ||
| Depreciation, depletion and amortizationLn 22 | $10K | $10K | ||
| Other expenses (24a–d)Ln 24 | $2.2M | $2.2M | ||
| All other expensesLn 24e | $2K | $145 | $2K | |
| Total functional expensesLn 25 | $2.4M | $2.4M | $35K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Sep 9, 2025 | $53K | $108K | −$54K | $0 | 990 PDF |
| FY2024 ViewingFiled 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
See the full FY2024 990
Part I · Summary $158,367 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 4 to look at
Part VIII · Statement of revenue $158,367 across 5 lines filed
Part IX · Statement of functional expenses $2,403,893 across 10 lines filed
Part X · Balance sheet $66,687 assets, 11 lines filed
Part XI · Reconciliation of net assets $54,322 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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