Moore County Economic Development Partnership EIN 52-2374383

Moore County Economic Development Partnership

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Promotes economic development and growth for local government in Moore County. For fiscal year 2025 it reported $760K in revenue, $723K in expenses, and $2.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Pinehurst, NC
Filings
5 on file (2021–2025)
Revenue
$760KFY2025
Expenses
$723K
Net assets
$2.2M
People
31
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-2374383 Public charity (501(c)(3)) Pinehurst, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes economic development and growth for local government in Moore County.
Leadership
Natalie Hawkins · President · $148K
Money in and out
$760K revenue, $723K expenses
Bottom line
65% program efficiency
Where the money goes · FY2025
Total revenue
$760K
Pt VIII · Ln 12
Total expenses
$723K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $37K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.35
Program efficiency
65%
of spending reaches programs▼ -13% vs prior filing year
Operating runway
10.1mo
months of highly liquid reserves at operating expense rate▲ +26% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▼ -85% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$760K
FY2025▼ -42%
Expenses
$723K
FY2025▼ -19%
Total assets
$2.7M
FY2025▲ +1%
Total liabilities
$532K
FY2025▼ -1%
Total revenue
$760K
Pt VIII · Ln 12
Total expenses
$723K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$37K
Total assetsPt X · Ln 16$2.7M
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 329
Independent voting membersPt I · Ln 429
Mission & Programs · Part III

Where the work happens

1 program service account for $473K of program spending, described in the organization's own filed words · FY2024.
01

Achievements include assisting local units of government in moore county with new business recruitment and existing industry expansions for the purpose of creating new jobs and capital investment in moore county; collaborated with existing industries and other partners to address the needs of moore county's employers; facilitated efforts…

$473Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMoore County Economic Development Partnership
EINHdr · item D52-2374383
Principal addressHdr · item CPinehurst, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFDec 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a29
Independent voting membersPt VI · Ln 1b29
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$147,952Pt VII · Sec A
Business Dev
$108,794Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Natalie Hawkins’s $148K as President is at the 90th percentile of top reported officer pay among 1711 $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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Natalie Hawkins$147,952$135,239$133,900
Pat Corso$137,988
Darryn Burich$108,794
Natalie Hawkins$88,222$13,571

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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Statement of Revenue

Part VIII
Contributions & grants$687K · 90%
Program service revenue$40K · 5%
Other revenue$21K · 3%
Investment income$12K · 2%
Contributions & grants90%$687K
Program service revenue5%$40K
Other revenue3%$21K
Investment income2%$12K
— government grantsLn 1e$323K
Total revenueLn 12$760K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.35
Program services65%$473K
Management & general35%$250K
Total functional expensesLn 25$723K

Balance Sheet

Part X · end of year
CashLn 1$607K
Total assetsLn 16$2.7M
Total liabilitiesLn 26$532K
Total net assetsLn 32$2.2M
Months of cash on handcomputed10.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $607K · Operating expenses/yr $723K
10.1 months
Where the money goes
Program services
Program services $473K · Total expenses $723K
65%
Management & General
Management & general $250K · Total expenses $723K
35%
Fundraising
Fundraising $0 · Total expenses $723K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $482K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $687K · Total revenue $760K
90%
Government reliance
Government grants $323K · Total revenue $760K
43%
Earned-income share
Program service revenue $40K · Total revenue $760K
5%
Investment reliance
Investment income $12K · Total revenue $760K
+2%
Program self-sufficiency
Program service revenue $40K · Total expenses $723K
6%
Growth & trend
Revenue growth (YoY)
This year $760K · Prior year $1.3M
-42%
Revenue CAGR
FY2020 $369K · FY2024 $760K
+20%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $760K · Expenses $723K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $2.7M
Net-asset ratio
Net assets $2.2M · Total assets $2.7M
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Natalie Hawkins · Reported title PRESIDENT · Highest reported compensation $148K · Total expenses $723K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $415K · Total expenses $723K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 35%
Fundraising cost ratio 0%
Revenue growth -42%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$760K revenue · viewing · ⤓ 990 PDF
FY2024$1.3M revenue · ⤓ 990 PDF
FY2023$1.8M revenue · ⤓ 990 PDF
FY2022$514K revenue · ⤓ 990 PDF
FY2021$369K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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