Yadkin County Economic Development Partnership

Tax-deductible

Yadkinville, NC501(c)(3)Community DevelopmentEIN 26-2134343Revenue $691K in FY2025

On file with the IRSyadkinedc.comPo Box 1840, 27055-1840 · Yadkinville, NCTax-exempt since Dec 2008Publicly supported charity — 170(b)(1)(A)(vi)

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Economic and community Development efforts in Yadkin County, NC

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$96K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
5 of 5
filings with a surplus
Average surplus $23K a year · 7% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 14% of spending
Top officer’s pay higher than 69% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$36K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$691K
+153% vs prior year
Spent
$664K
To programs
88%
Net assets
$513K
By yearFY2021–FY2025
Revenue
$691K
FY2025▲ +153%
Tap a bar for its year
Revenue by fiscal year
FY2021$185K
FY2022$236K
FY2023$278K
FY2024$273K
FY2025$691K
Expenses
$664K
FY2025▲ +146%
Tap a bar for its year
Expenses by fiscal year
FY2021$176K
FY2022$204K
FY2023$238K
FY2024$270K
FY2025$664K
Net assets
$513K
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2021$410K
FY2022$442K
FY2023$482K
FY2024$486K
FY2025$513K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2008.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $583K Management & general 6% · $43K Fundraising 6% · $37K

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; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$95,531Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Robert J Todd’s $96K as President is at the 69th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Robert J Todd$95,531$101,010$92,824$86,919$80,277

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Yadkin County Economic Development Partnership 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 15aYes

Programs and updates

Promotes economic and community growth in Yadkin County, NC.

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Provided by the organization

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3 programs · $583K · in their own filed words · FY2024
01

Support of area businesses in chamber of commerce, marketing activities to promote economic development through newsletters and special events, and assisting in entrepreneurial efforts.

$565Kprogram expense
02

The annual yadkin valley grape festival was created to promote the vineyards, wineries, and other craftsmen of the yadkin valley. This one- day event, held annually on the third day in october, features wines of the yadkin valley, commercial vendors, food vendors and entertainment.

$12Kprogram expense
03

Economic development projects in yadkin county, NC

$6Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$691K
Ln 12
Fees for servicesLn 2g$500K
Gifts and grantsLn 1h$158K
Investment incomeLn 3$24K
Money outPt IX
$664K
Ln 25
Programscol B$583K
Managementcol C$43K
Fundraisingcol D$37K
Owns and owesPt X
$513K
net assets · Ln 32
Cash and savingsLn 1–2$550K
Total assetsLn 16$550K
LiabilitiesLn 26$36K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$158K
Government grantsLn 1e$120K
Fees for servicesLn 2g$500K
Investment incomeLn 3$24K
Other incomeLn 4–11$10K
Total revenueLn 12$691K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$532K
Cash and savings togetherLn 1–2$550K
Total assetsLn 16$550K
LiabilitiesLn 26$36K
Net assetsLn 32$513K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$675K$550K
Total assetsLn 16$675K$550K
LiabilitiesLn 26$190K$36K
Net assetsLn 32$486K$513K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$96K$54K$17K$24K
Other salaries and wagesLn 7$65K$39K$16K$10K
Pension plan contributionsLn 8$6K$4K$1K$726
Other employee benefitsLn 9$5K$4K$1K$634
Payroll taxesLn 10$12K$7K$3K$3K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$420K$420K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$3K$340
OccupancyLn 16$3K$3K$310
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$7K$7K
InsuranceLn 23$2K$2K$232
Other expenses (24a–d)Ln 24$34K$34K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$664K$583K$43K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $691K$664K$28K$513K 990 PDF
FY2024 $273K$270K$4K$486K 990 PDF
FY2023 $278K$238K$40K$482K 990 PDF
FY2022 $236K$204K$32K$442K 990 PDF
FY2021 $185K$176K$9K$410K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $691,325 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $166,004$157,710
I-9 Program service revenuePrior year $49,552$500,010
I-10 Investment incomePrior year $21,973$23,649
I-11 Other revenuePrior year $35,884$9,956
I-12 Total revenuePrior year $273,413$691,325
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $183,554$184,268
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $85,962$479,377
I-18 Total expensesPrior year $269,516$663,645
I-19 Revenue less expensesPrior year $3,897$27,680
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $691,325 across 8 lines filed
VIII-1b Membership dues$37,999
VIII-1e Government grants$119,711
VIII-1h Total contributions, gifts and grants$157,710
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,338 · Unrelated business $453,672$500,010
VIII-3 Investment incomeExcluded from tax $23,649$23,649
VIII-6 Net rental income or lossExcluded from tax $3,450$3,450
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,506$6,506
VIII-12 Total revenueRelated to mission $52,844 · Unrelated business $453,672 · Excluded from tax $27,099$691,325
Part IX · Statement of functional expenses $663,645 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $54,453 · Management $17,196 · Fundraising $23,883$95,532
IX-7 Other salaries and wagesPrograms $38,744 · Management $16,144 · Fundraising $9,686$64,574
IX-8 Pension plan contributionsPrograms $4,433 · Management $1,274 · Fundraising $726$6,433
IX-9 Other employee benefitsPrograms $3,836 · Management $1,016 · Fundraising $634$5,486
IX-10 Payroll taxesPrograms $7,127 · Management $2,549 · Fundraising $2,567$12,243
IX-11c Accounting feesManagement $3,750$3,750
IX-11g Other fees for servicesPrograms $420,489$420,489
IX-12 Advertising and promotionPrograms $1,736$1,736
IX-13 Office expensesPrograms $3,056 · Management $340$3,396
IX-16 OccupancyPrograms $2,790 · Management $310$3,100
IX-17 TravelPrograms $1,446$1,446
IX-19 Conferences, conventions and meetingsPrograms $6,752$6,752
IX-23 InsurancePrograms $2,089 · Management $232$2,321
IX-24 Other expenses (24a–d)Programs $34,277$34,277
IX-24e All other expensesPrograms $2,110$2,110
IX-25 Total functional expensesPrograms $583,338 · Management $42,811 · Fundraising $37,496$663,645
Part X · Balance sheet $549,622 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $166,521$17,135
X-2 Savings and temporary cash investmentsStart of year $508,838$532,487
X-16 Total assetsStart of year $675,359$549,622
X-25 Other liabilitiesStart of year $189,665$36,248
X-26 Total liabilitiesStart of year $189,665$36,248
X-27 Net assets without donor restrictionsStart of year $131,804$140,651
X-28 Net assets with donor restrictionsStart of year $353,890$372,723
X-32 Total net assets or fund balancesStart of year $485,694$513,374
X-33 Total liabilities and net assetsStart of year $675,359$549,622
Part XI · Reconciliation of net assets $513,374 net assets at year end
XI-1 Total revenue$691,325
XI-2 Total expenses$663,645
XI-3 Revenue less expenses$27,680
XI-4 Net assets at start of year$485,694
XI-10 Net assets at end of year$513,374

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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