Moore County Economic Development Partnership EIN 52-2374383 Form 990 (PDF) Claim this org

Moore County Economic Development Partnership FY2023 filing

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Promotes economic development and growth for local government in Moore County. For fiscal year 2023 it reported $1.8M in revenue, $536K in expenses, and $1.7M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Pinehurst, NC
Filings
5 on file (2021–2023)
Revenue
$1.8MFY2023
Expenses
$536K
Net assets
$1.7M
People
38
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 · $134K
Money in and out
$1.8M revenue, $536K expenses
Bottom line
59% program efficiency
Where the money goes · FY2023
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$536K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.2M
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.41
Program efficiency
59%
of spending reaches programs
Operating runway
38.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+70%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$1.8M
FY2023▲ +245%
Expenses
$536K
FY2023▲ +32%
Total assets
$1.8M
FY2023▲ +245%
Total liabilities
$65K
FY2023▲ +689%
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$536K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.2M
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 332
Independent voting membersPt I · Ln 428

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 1a32
Independent voting membersPt VI · Ln 1b28
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 (FY2022); the FY2023 filing did not itemize Part VII
$133,900Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 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 · 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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Mission & Programs · Part III

Where the work happens

1 program service account for $315K of program spending, described in the organization's own filed words · FY2022.
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…

$315Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.7M · 97%
Other revenue$51K · 3%
Contributions & grants97%$1.7M
Other revenue3%$51K
Investment income$2K
— government grantsLn 1e$1.4M
Total revenueLn 12$1.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.41
Program services59%$315K
Management & general41%$221K
Total functional expensesLn 25$536K

Balance Sheet

Part X · end of year
CashLn 1$1.7M
Total assetsLn 16$1.8M
Total liabilitiesLn 26$65K
Total net assetsLn 32$1.7M
Months of cash on handcomputed38.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.7M · Operating expenses/yr $536K
38.6 months
Where the money goes
Program services
Program services $315K · Total expenses $536K
59%
Management & General
Management & general $221K · Total expenses $536K
41%
Fundraising
Fundraising $0 · Total expenses $536K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $235K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.7M · Total revenue $1.8M
97%
Government reliance
Government grants $1.4M · Total revenue $1.8M
81%
Earned-income share
Program service revenue $0 · Total revenue $1.8M
0%
Investment reliance
Investment income $2K · Total revenue $1.8M
+0.1%
Program self-sufficiency
Program service revenue $0 · Total expenses $536K
0%
Growth & trend
Revenue growth (YoY)
This year $1.8M · Prior year $514K
+245%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.8M · Expenses $536K
+70%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.7M · Total assets $1.8M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Natalie Hawkins · Reported title PRESIDENT · Highest reported compensation $134K · Total expenses $536K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $313K · Total expenses $536K
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 41%
Fundraising cost ratio 0%
Revenue growth 245%
Accounting fee ratio 0.7%

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 · ⤓ 990 PDF
FY2024$1.3M revenue · ⤓ 990 PDF
FY2023$1.8M revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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