Upper Coastal Plains Development Corporation

Not tax-deductible

Wilson, NC501(c)(4)Since 1998 EIN 56-2045572Revenue $129K in FY2025

On file with the IRSucpbdc.comPo Box 9, 27894-0009 · Wilson, NCTax-exempt since Apr 1998

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To incubate small business and promote small business growth in a 5 county region.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
0 of 6
filings with a surplus
Average deficit $38K a year · 28% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$165K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$129K
-4% vs prior year
Spent
$232K
To programs
100%
Net assets
$510K
By yearFY2020–FY2025
Revenue
$129K
FY2025▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$139K
FY2021$119K
FY2022$111K
FY2023$184K
FY2024$134K
FY2025$129K
Expenses
$232K
FY2025▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$167K
FY2021$132K
FY2022$130K
FY2023$199K
FY2024$185K
FY2025$232K
Net assets
$510K
FY2025▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$724K
FY2021$711K
FY2022$704K
FY2023$689K
FY2024$651K
FY2025$510K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1998.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $232K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Upper Coastal Plains Development Corporation 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 15aNo

Programs and updates

Helps small businesses grow through training, education, and loans.

Questions for Upper Coastal Plains Development Corporation

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2 programs · $232K · in their own filed words · FY2024
01

The purpose of the business development center is to incubate small business. The center has helped many companies to outgrow the center. There are currently twenty one tenants. The center experienced higher expenses than normal in the fiscal year due to the costs of maintaining an aging building, particularly elevators and hvac units.

$232Kprogram expense
02

small business loan

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$129K
Ln 12
Fees for servicesLn 2g$129K
Money outPt IX
$232K
Ln 25
Programscol B$232K
Owns and owesPt X
$510K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$675K
LiabilitiesLn 26$165K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$129K
Total revenueLn 12$129K
Assets in detailPt X, end of year
CashLn 1$119K
Cash and savings togetherLn 1–2$119K
Land, buildings, equipmentLn 10c$556K
Total assetsLn 16$675K
LiabilitiesLn 26$165K
Net assetsLn 32$510K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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$222K$119K
Land, buildings, equipmentLn 10c$597K$556K
Total assetsLn 16$819K$675K
LiabilitiesLn 26$168K$165K
Net assetsLn 32$651K$510K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Other fees for servicesLn 11g$32K$32K
Advertising and promotionLn 12$200$200
Office expensesLn 13$8K$8K
Information technologyLn 14$17K$17K
OccupancyLn 16$134K$134K
Depreciation, depletion and amortizationLn 22$41K$41K
Total functional expensesLn 25$232K$232K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $129K$232K−$103K$510K 990 PDF
FY2024Filed with the IRS Feb 4, 2025 $134K$185K−$50K$651K 990 PDF
FY2023Filed with the IRS Nov 28, 2023 $184K$199K−$15K$689K 990 PDF
FY2022Filed with the IRS May 12, 2023 $111K$130K−$19K$704K 990 PDF
FY2021Filed with the IRS May 13, 2022 $119K$132K−$13K$711K 990 PDF
FY2020Filed with the IRS May 6, 2021 $139K$167K−$28K$724K 990 PDF

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 $128,995 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $134,168$128,995
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $134,168$128,995
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $184,518$231,508
I-18 Total expensesPrior year $184,518$231,508
I-19 Revenue less expensesPrior year −$50,350−$102,513
Part VI · Governance 25 of 25 board members independent, 3 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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 $128,995 across 3 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $128,995 · Unrelated business $0 · Excluded from tax $0$128,995
VIII-12 Total revenueRelated to mission $128,995 · Unrelated business $0 · Excluded from tax $0$128,995
Part IX · Statement of functional expenses $231,508 across 8 lines filed
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11g Other fees for servicesPrograms $31,899$31,899
IX-12 Advertising and promotionPrograms $200$200
IX-13 Office expensesPrograms $7,790$7,790
IX-14 Information technologyPrograms $16,601$16,601
IX-16 OccupancyPrograms $133,697$133,697
IX-22 Depreciation, depletion and amortizationPrograms $41,321$41,321
IX-25 Total functional expensesPrograms $231,508 · Management $0 · Fundraising $0$231,508
Part X · Balance sheet $675,305 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $221,971$119,458
X-10c Land, buildings and equipment, netStart of year $597,168$555,847
X-16 Total assetsStart of year $819,139$675,305
X-26 Total liabilitiesStart of year $167,964$165,098
X-27 Net assets without donor restrictionsStart of year $651,175$510,207
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $651,175$510,207
X-33 Total liabilities and net assetsStart of year $819,139$675,305
Part XI · Reconciliation of net assets $510,207 net assets at year end
XI-1 Total revenue$128,995
XI-2 Total expenses$231,508
XI-3 Revenue less expenses−$102,513
XI-4 Net assets at start of year$651,175
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$38,455
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$510,207

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

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