Rowan Economic Development Council

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Promoting Economic and industrial Development in Rowan county, north carolina

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-1442745) · Dispute this line
501(c)(4) social-welfare organization; the IRS lists gifts to it as tax-deductible.
99¢ of each $1 spent went to programs.
$208K 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $1K a year · 0.1% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$208K
to officers and key staff · 15% of spending
Pay to officers and key staff is 15% of spending.
Part VII, Section A
3.7 mo
of spending, in cash
3.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.4% of total assets
Liabilities are 0.4% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.2M
-2% vs prior year
Spent
$1.4M
To programs
99%
Net assets
$465K
By yearFY2021–FY2024
Revenue
$1.2M
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.0M
FY2021$615K
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M
Expenses
$1.4M
FY2024▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.0M
FY2021$491K
FY2022$1.1M
FY2023$1.1M
FY2024$1.4M
Net assets
$465K
FY2024▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2021$359K
FY2021$483K
FY2022$593K
FY2023$669K
FY2024$465K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1986.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.4M Fundraising 1% · $13K

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

13 people listed on the 990; $208K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President &
$208,317Pt VII · Sec A
Immediate PA
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary /
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2021
Rod Crider$208,317$199,241$181,584$92,474$180,795

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 Rowan Economic Development Council executive salaries →

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 industrial growth in Rowan County, North Carolina.

Questions for Rowan Economic Development Council

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1 program · $1.4M · in their own filed words · FY2024
01

Promoted economic and industrial development in rowan county, north carolina

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-1442745) · Dispute this line
$1.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$250K
Grants paid · 2 grants · $40K · 2020–2020
Eastern Wholesale Fence LLCFY2020$20,000
ChewyFY2020$20,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$8K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.4M
Fundraisingcol D$13K
Owns and owesPt X
$465K
net assets · Ln 32
Cash and savingsLn 1–2$417K
Total assetsLn 16$467K
LiabilitiesLn 26$2K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$907K
Investment incomeLn 3$8K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$112K
SavingsLn 2$305K
Cash and savings togetherLn 1–2$417K
Land, buildings, equipmentLn 10c$51K
Total assetsLn 16$467K
LiabilitiesLn 26$2K
Net assetsLn 32$465K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$618K$417K
Land, buildings, equipmentLn 10c$53K$51K
Total assetsLn 16$671K$467K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$669K$465K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$208K$208K
Other salaries and wagesLn 7$381K$381K
Pension plan contributionsLn 8$56K$56K
Other employee benefitsLn 9$81K$81K
Payroll taxesLn 10$44K$44K
Accounting feesLn 11c$12K$12K
Professional fundraising feesLn 11e$13K$13K
Other fees for servicesLn 11g$75K$75K
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$10K$10K
Information technologyLn 14$19K$19K
OccupancyLn 16$34K$34K
TravelLn 17$13K$13K
Conferences, conventions and meetingsLn 19$7K$7K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$336K$336K
All other expensesLn 24e$33K$33K
Total functional expensesLn 25$1.4M$1.4M$0$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Jun 22, 2025 $1.2M$1.4M−$204K$465K 990 PDF
FY2023Filed with the IRS Aug 22, 2024 $1.2M$1.1M$76K$669K 990 PDF
FY2022Filed with the IRS Jul 3, 2023 $1.2M$1.1M$110K$593K 990 PDF
FY2021Filed with the IRS Jan 31, 2022 $1.0M$1.0M$22K$359K 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $1,164,833 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,181,402$1,156,740
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,226$8,093
I-11 Other revenue$0
I-12 Total revenuePrior year $1,182,628$1,164,833
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $726,658$770,011
I-16a Professional fundraising feesPrior year $28,046$13,165
I-17 Other expensesPrior year $351,527$585,379
I-18 Total expensesPrior year $1,106,231$1,368,555
I-19 Revenue less expensesPrior year $76,397−$203,722
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,164,833 across 5 lines filed
VIII-1e Government grants$906,740
VIII-1f All other contributions, gifts and grants$250,000
VIII-1h Total contributions, gifts and grants$1,156,740
VIII-3 Investment incomeExcluded from tax $8,093$8,093
VIII-12 Total revenueExcluded from tax $8,093$1,164,833
Part IX · Statement of functional expenses $1,368,555 across 18 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $208,317$208,317
IX-7 Other salaries and wagesPrograms $380,704$380,704
IX-8 Pension plan contributionsPrograms $56,182$56,182
IX-9 Other employee benefitsPrograms $81,130$81,130
IX-10 Payroll taxesPrograms $43,678$43,678
IX-11c Accounting feesPrograms $11,876$11,876
IX-11e Professional fundraising feesFundraising $13,165$13,165
IX-11g Other fees for servicesPrograms $75,340$75,340
IX-12 Advertising and promotionPrograms $33,399$33,399
IX-13 Office expensesPrograms $9,638$9,638
IX-14 Information technologyPrograms $18,626$18,626
IX-16 OccupancyPrograms $33,713$33,713
IX-17 TravelPrograms $13,076$13,076
IX-19 Conferences, conventions and meetingsPrograms $6,904$6,904
IX-22 Depreciation, depletion and amortizationPrograms $9,047$9,047
IX-23 InsurancePrograms $3,929$3,929
IX-24 Other expenses (24a–d)Programs $336,355$336,355
IX-24e All other expensesPrograms $33,476$33,476
IX-25 Total functional expensesPrograms $1,355,390 · Management $0 · Fundraising $13,165$1,368,555
Part X · Balance sheet $467,256 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $360,002$111,893
X-2 Savings and temporary cash investmentsStart of year $258,483$304,639
X-10c Land, buildings and equipment, netStart of year $52,934$50,724
X-16 Total assetsStart of year $671,419$467,256
X-17 Accounts payable and accrued expensesStart of year $2,510$2,069
X-26 Total liabilitiesStart of year $2,510$2,069
X-27 Net assets without donor restrictionsStart of year $604,725$390,627
X-28 Net assets with donor restrictionsStart of year $64,184$74,560
X-32 Total net assets or fund balancesStart of year $668,909$465,187
X-33 Total liabilities and net assetsStart of year $671,419$467,256
Part XI · Reconciliation of net assets $465,187 net assets at year end
XI-1 Total revenue$1,164,833
XI-2 Total expenses$1,368,555
XI-3 Revenue less expenses−$203,722
XI-4 Net assets at start of year$668,909
XI-10 Net assets at end of year$465,187

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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