Moore County Economic Development Partnership FY2022 filing

Tax-deductible

Pinehurst, NC501(c)(3)Community DevelopmentEIN 52-2374383Revenue $514K in FY2022

On file with the IRSPo Box 5885, 28374-5885 · Pinehurst, NCTax-exempt since Dec 2003Publicly supported charity — 170(b)(1)(A)(vi)

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The Organization assists the local units of government in Moore County by promoting economic development and growth.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$88K 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

FY2022 · 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 $363K a year · 38% 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
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
37
of 37 voting members
Looks good: 37 of 37 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$514K
+39% vs prior year
Spent
$407K
To programs
66%
Net assets
$516K
By yearFY2021–FY2025
Revenue
$514K
FY2022▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2021$369K
FY2022$514K
FY2023$1.8M
FY2024$1.3M
FY2025$760K
Expenses
$407K
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2021$362K
FY2022$407K
FY2023$536K
FY2024$889K
FY2025$723K
Net assets
$516K
FY2022▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2021$408K
FY2022$516K
FY2023$1.7M
FY2024$2.2M
FY2025$2.2M

From the FY2022 Form 990 (year ending June 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2003.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $267K Management & general 34% · $139K

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

38 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$88,222Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairman
$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

Natalie Hawkins’s $148K as President is at the 90th percentile of top reported officer pay among 1709 $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 · 3 named individuals · Part VII

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

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 Moore 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 development and growth for local government in Moore County.

Questions for Moore County Economic Development Partnership

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Provided by the organization

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1 program · $267K · in their own filed words · FY2021
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…

$267Kprogram expense

Funders

Who pays for it.

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

Grants

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$514K
Ln 12
Gifts and grantsLn 1h$472K
Other incomeLn 4–11$42K
Investment incomeLn 3$301
Money outPt IX
$407K
Ln 25
Programscol B$267K
Managementcol C$139K
Owns and owesPt X
$516K
net assets · Ln 32
Cash and savingsLn 1–2$483K
Total assetsLn 16$524K
LiabilitiesLn 26$8K
PeoplePt VI, VII
38
listed · VII A
PaidVII A1
Voting boardVI 1a37
IndependentVI 1b37
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$472K
Government grantsLn 1e$181K
Fundraising eventsLn 1c$0
Investment incomeLn 3$301
Other incomeLn 4–11$42K
Total revenueLn 12$514K
Assets in detailPt X, end of year
CashLn 1$333K
SavingsLn 2$150K
Cash and savings togetherLn 1–2$483K
Land, buildings, equipmentLn 10c$24K
Other assetsLn 15$4K
Total assetsLn 16$524K
LiabilitiesLn 26$8K
Net assetsLn 32$516K
OperationsPt I, VI
EmployeesI 52
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
LineStart FY22End FY22
Cash and savingsLn 1–2$403K$483K
Land, buildings, equipmentLn 10c$2K$24K
Total assetsLn 16$408K$524K
LiabilitiesLn 26$239$8K
Net assetsLn 32$408K$516K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$7K$7K
Pay of current officers, directors and key staffLn 5$130K$104K$26K$0
Other salaries and wagesLn 7$70K$21K$49K$0
Pension plan contributionsLn 8$20K$12K$8K$0
Payroll taxesLn 10$16K$10K$6K$0
Accounting feesLn 11c$3K$0$3K$0
Office expensesLn 13$2K$0$2K$0
OccupancyLn 16$23K$23K$0$0
Conferences, conventions and meetingsLn 19$4K$4K$0$0
Depreciation, depletion and amortizationLn 22$6K$0$6K$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$98K$76K$22K$0
All other expensesLn 24e$25K$10K$16K$0
Total functional expensesLn 25$407K$267K$139K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $760K$723K$37K$2.2M 990 PDF
FY2024 $1.3M$889K$426K$2.2M 990 PDF
FY2023 $1.8M$536K$1.2M$1.7M 990 PDF
FY2022 Viewing $514K$407K$108K$516K 990 PDF
FY2021 $369K$362K$8K$408K 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 FY2022 990 (6 parts)
Part I · Summary $514,157 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $341,171$472,047
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,628$301
I-11 Other revenuePrior year $26,696$41,809
I-12 Total revenuePrior year $369,495$514,157
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $2,319$6,825
I-15 Salaries and benefitsPrior year $259,750$235,913
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $99,595$163,833
I-18 Total expensesPrior year $361,664$406,571
I-19 Revenue less expensesPrior year $7,831$107,586
Part VI · Governance 37 of 37 board members independent, 3 to look at
VI-1a Voting members of the governing body37
VI-1b Independent voting members37
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $514,157 across 9 lines filed
VIII-1b Membership dues$228,700
VIII-1c Fundraising events$0
VIII-1e Government grants$181,347
VIII-1f All other contributions, gifts and grants$62,000
VIII-1h Total contributions, gifts and grants$472,047
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$301
VIII-6 Net rental income or lossExcluded from tax $15,300$15,300
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $26,509$26,509
VIII-12 Total revenueRelated to mission $301 · Unrelated business $0 · Excluded from tax $41,809$514,157
Part IX · Statement of functional expenses $406,571 across 13 lines filed
IX-4 Benefits paid to or for membersPrograms $6,825$6,825
IX-5 Pay of current officers, directors and key staffPrograms $104,000 · Management $26,000 · Fundraising $0$130,000
IX-7 Other salaries and wagesPrograms $21,000 · Management $49,000 · Fundraising $0$70,000
IX-8 Pension plan contributionsPrograms $12,400 · Management $7,600 · Fundraising $0$20,000
IX-10 Payroll taxesPrograms $9,866 · Management $6,047 · Fundraising $0$15,913
IX-11c Accounting feesPrograms $0 · Management $3,250 · Fundraising $0$3,250
IX-13 Office expensesPrograms $0 · Management $2,429 · Fundraising $0$2,429
IX-16 OccupancyPrograms $23,060 · Management $0 · Fundraising $0$23,060
IX-19 Conferences, conventions and meetingsPrograms $4,035 · Management $0 · Fundraising $0$4,035
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $6,013 · Fundraising $0$6,013
IX-23 InsurancePrograms $0 · Management $1,374 · Fundraising $0$1,374
IX-24 Other expenses (24a–d)Programs $76,452 · Management $22,039 · Fundraising $0$98,491
IX-24e All other expensesPrograms $9,679 · Management $15,502 · Fundraising $0$25,181
IX-25 Total functional expensesPrograms $267,317 · Management $139,254 · Fundraising $0$406,571
Part X · Balance sheet $523,881 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $252,922$332,805
X-2 Savings and temporary cash investmentsStart of year $150,000$150,000
X-4 Accounts receivableStart of year $1,500$2,000
X-9 Prepaid expenses and deferred chargesStart of year $1,517$11,397
X-10c Land, buildings and equipment, netStart of year $2,330$24,179
X-15 Other assetsStart of year $0$3,500
X-16 Total assetsStart of year $408,269$523,881
X-17 Accounts payable and accrued expensesStart of year $239$3,165
X-19 Deferred revenueStart of year $0$2,550
X-25 Other liabilitiesStart of year $0$2,550
X-26 Total liabilitiesStart of year $239$8,265
X-27 Net assets without donor restrictionsStart of year $369,171$481,285
X-28 Net assets with donor restrictionsStart of year $38,859$34,331
X-32 Total net assets or fund balancesStart of year $408,030$515,616
X-33 Total liabilities and net assetsStart of year $408,269$523,881
Part XI · Reconciliation of net assets $515,616 net assets at year end
XI-1 Total revenue$514,157
XI-2 Total expenses$406,571
XI-3 Revenue less expenses$107,586
XI-4 Net assets at start of year$408,030
XI-10 Net assets at end of year$515,616

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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