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Edenton-Chowan Partnership INC

Tax-deductible

Edenton, NC501(c)(3)Since 1996Community Development EIN 56-1978763Revenue $93K in FY2025

On file with the IRSedenton.net101 W King St, 27932-1851 · Edenton, NCTax-exempt since May 1997Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Edenton-Chowan Partnership is to improve the quality of life for all of the citizens of the town of Edenton and Chowan county by facilitating economic development, fostering improvements to education and workforce development, and promoting development of recreation infrastructure.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 17 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · 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
3 of 7
filings with a surplus
Average deficit $7K a year · 6% of revenue · last 7 filings
Concern: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$93K
-17% vs prior year
Spent
$143K
To programs
90%
Net assets
$912K
By yearFY2019–FY2025
Revenue
$93K
FY2025▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2019$117K
FY2020$28K
FY2021$110K
FY2022$204K
FY2023$78K
FY2024$112K
FY2025$93K
Expenses
$143K
FY2025▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2019$91K
FY2020$117K
FY2021$105K
FY2022$88K
FY2023$89K
FY2024$157K
FY2025$143K
Net assets
$912K
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2019$986K
FY2020$897K
FY2021$902K
FY2022$1.0M
FY2023$1.0M
FY2024$962K
FY2025$912K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1997.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $129K Management & general 10% · $15K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Bob Kirby
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Joe Wach
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Edenton-Chowan Partnership INC 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 15aNo

Programs and updates

Boosts local economy, education, and tourism to improve community life.

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1 program · $129K · in their own filed words · FY2025
01

The partnership's program service accomplishments occurred in three areas, all dedicated to improving the social, educational and economic welfare of the people of edenton and chowan county, NC.

$129Kprogram 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 · FY2023
The Golden L E A F Long-Term Economic Advancement Foundation inFY2023$40K
Total grants receivedfrom 1 funder$40K
Grants paid · 2 grants · $40K · 2020–2020
Town of EdentonFY2020$20,000
Town of EdentonFY2020$20,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$93K
Ln 12
Gifts and grantsLn 1h$93K
Money outPt IX
$143K
Ln 25
Programscol B$129K
Managementcol C$15K
Owns and owesPt X
$912K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$949K
LiabilitiesLn 26$37K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$93K
Government grantsLn 1e$80K
Total revenueLn 12$93K
Assets in detailPt X, end of year
CashLn 1$103K
Cash and savings togetherLn 1–2$103K
Land, buildings, equipmentLn 10c$847K
Total assetsLn 16$949K
LiabilitiesLn 26$37K
Net assetsLn 32$912K
OperationsPt I, VI
EmployeesI 51
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$153K$103K
Land, buildings, equipmentLn 10c$850K$847K
Total assetsLn 16$1.0M$949K
LiabilitiesLn 26$41K$37K
Net assetsLn 32$962K$912K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$42K$42K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$46K$46K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$106$106
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$21K$21K
All other expensesLn 24e$310$310
Total functional expensesLn 25$143K$129K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $93K$143K−$50K$912K 990 PDF
FY2024Filed with the IRS Mar 17, 2025 $112K$157K−$45K$962K 990 PDF
FY2023Filed with the IRS Apr 11, 2024 $78K$89K−$11K$1.0M 990 PDF
FY2022Filed with the IRS Mar 13, 2023 $204K$88K$116K$1.0M 990 PDF
FY2021Filed with the IRS Aug 3, 2022 $110K$105K$5K$902K 990 PDF
FY2020Filed with the IRS Aug 3, 2022 $28K$117K−$89K$897K 990 PDF
FY2019Filed with the IRS Jun 30, 2022 $117K$91K$26K$986K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $93,207 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $112,280$93,207
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $112,280$93,207
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $46,338$44,963
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $110,678$98,155
I-18 Total expensesPrior year $157,016$143,118
I-19 Revenue less expensesPrior year −$44,736−$49,911
Part VI · Governance 17 of 17 board members independent, 3 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $93,207 across 4 lines filed
VIII-1e Government grants$80,000
VIII-1f All other contributions, gifts and grants$13,207
VIII-1h Total contributions, gifts and grants$93,207
VIII-12 Total revenue$93,207
Part IX · Statement of functional expenses $143,118 across 13 lines filed
IX-7 Other salaries and wagesPrograms $42,140$42,140
IX-10 Payroll taxesPrograms $2,823$2,823
IX-11b Legal feesManagement $7,778$7,778
IX-11c Accounting feesManagement $5,200$5,200
IX-11g Other fees for servicesPrograms $46,500$46,500
IX-12 Advertising and promotionPrograms $4,942$4,942
IX-13 Office expensesPrograms $106$106
IX-19 Conferences, conventions and meetingsPrograms $2,097$2,097
IX-20 InterestManagement $1,579$1,579
IX-22 Depreciation, depletion and amortizationPrograms $3,412$3,412
IX-23 InsurancePrograms $4,974$4,974
IX-24 Other expenses (24a–d)Programs $21,257$21,257
IX-24e All other expensesPrograms $310$310
IX-25 Total functional expensesPrograms $128,561 · Management $14,557 · Fundraising $0$143,118
Part X · Balance sheet $949,327 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $152,753$102,547
X-10c Land, buildings and equipment, netStart of year $850,192$846,780
X-16 Total assetsStart of year $1,002,945$949,327
X-17 Accounts payable and accrued expensesStart of year $5,646$2,303
X-25 Other liabilitiesStart of year $35,400$35,035
X-26 Total liabilitiesStart of year $41,046$37,338
X-27 Net assets without donor restrictionsStart of year $961,899$911,989
X-32 Total net assets or fund balancesStart of year $961,899$911,989
X-33 Total liabilities and net assetsStart of year $1,002,945$949,327
Part XI · Reconciliation of net assets $911,989 net assets at year end
XI-1 Total revenue$93,207
XI-2 Total expenses$143,118
XI-3 Revenue less expenses−$49,911
XI-4 Net assets at start of year$961,899
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$911,989

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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