Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 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
20 people listed on the 990; $90K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jacob Adams | $90,000 | $82,954 | $78,500 | $70,583 | — |
| Laura Walls | — | — | — | — | $53,236 |
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.
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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 growth and opportunity in Carroll County.
Questions for Carroll County Economic Development Corporation
Your first name shows with your question. Carroll County Economic Development Corporation answers here, for everyone.
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To promote the development of broadband infrastructure and a broadband high-speed internet ring within the perimeter of carroll county to serve low population density areas.
To promote childcare capacity in carroll county so families have better access to quality childcare.
To promote the economic well being of the community and to enhance the tax base
Funders
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 | $1.1M | $409K |
| Land, buildings, equipmentLn 10c | $22K | $20K |
| Total assetsLn 16 | $2.0M | $1.3M |
| LiabilitiesLn 26 | $660K | $647K |
| Net assetsLn 32 | $1.4M | $607K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $10K | $10K | ||
| Other salaries and wagesLn 7 | $134K | $91K | $43K | |
| Other employee benefitsLn 9 | $22K | $16K | $6K | |
| Payroll taxesLn 10 | $13K | $13K | ||
| Accounting feesLn 11c | $29K | $29K | ||
| Advertising and promotionLn 12 | $28K | $18K | $10K | |
| Office expensesLn 13 | $10K | $4K | $6K | |
| OccupancyLn 16 | $26K | $26K | ||
| Conferences, conventions and meetingsLn 19 | $1K | $1K | ||
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $1.3M | $1.3M | ||
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $1.6M | $1.4M | $138K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $833K | $1.6M | −$750K | $607K | 990 PDF |
| FY2023 | $1.0M | $274K | $769K | $1.4M | 990 PDF |
| FY2022 | $271K | $249K | $22K | $588K | 990 PDF |
| FY2021 | $242K | $216K | $27K | $566K | 990 PDF |
| FY2020 | $327K | $181K | $146K | $539K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $832,830 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, 1 to look at
Part VIII · Statement of revenue $832,830 across 7 lines filed
Part IX · Statement of functional expenses $1,582,471 across 13 lines filed
Part X · Balance sheet $1,254,025 assets, 11 lines filed
Part XI · Reconciliation of net assets $606,690 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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