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Alamance County Economic Development Foundation

  • Burlington, NC
  • Tax-exempt since May 2006
  • EIN: 20-2384314

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$401k (2023)

Expenses
$398k (2023)

Total Assets
$1.45M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$400,737
Expenses
$398,302
Net Income
$2,435
Net Assets
$1,454,659
Notable Sources of Revenue Percent of Total Revenue
Contributions $376,530
94.0%
Program Services $0
Investment Income $24,207
6.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $115,274
28.9%
Assets/Debt
Total Assets $1,454,659
Total Liabilities $0
Net Assets $1,454,659
Compensation
Key Employees and Officers Compensation Related Other
Reagan Gural (President) $0 $0 $0
Reed Laplante (Past Chair) $0 $0 $0
Patricia Rhodes (Treasurer) $0 $0 $0
Doug Hyman (Chair) $0 $0 $0
Ed Hooks (Director) $0 $0 $0
Griffin Mcclure (Chair Elect) $0 $0 $0
Greg Lunsford (Director) $0 $0 $0
Jeff Stein Resigned (Director) $0 $0 $0
Ted Chandler (Director) $0 $0 $0
Tom Mcgowen (Director Non Voting) $0 $0 $0
Kelly G May (Director) $0 $0 $0
Patrick Noltemeyer Replacement (Director) $0 $0 $0
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Document Links

990
Filed on May 22, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$569,833
Expenses
$472,739
Net Income
$97,094
Net Assets
$1,452,224
Notable Sources of Revenue Percent of Total Revenue
Contributions $569,400
99.9%
Program Services $0
Investment Income $433
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $88,744
18.8%
Assets/Debt
Total Assets $1,452,224
Total Liabilities $0
Net Assets $1,452,224
Compensation
Key Employees and Officers Compensation Related Other
Reagan Gural (President) $0 $0 $0
Nikki Ratliff (Past Chair) $0 $0 $0
Patricia Rhodes (Treasurer) $0 $0 $0
Doug Hyman (Chair Elect) $0 $0 $0
Ed Hooks (Director) $0 $0 $0
Griffin Mcclure (Director) $0 $0 $0
Greg Lunsford (Director) $0 $0 $0
Reed Laplante (Chair) $0 $0 $0
Ted Chandler (Director) $0 $0 $0
Tom Mcgowen (Director Non Voting) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$415,570
Expenses
$354,129
Net Income
$61,441
Net Assets
$1,355,130
Notable Sources of Revenue Percent of Total Revenue
Contributions $415,388
100.0%
Program Services $0
Investment Income $182
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $88,938
25.1%
Assets/Debt
Total Assets $1,355,130
Total Liabilities $0
Net Assets $1,355,130
Compensation
Key Employees and Officers Compensation Related Other
Reagan Gural (President As Of 11.21) $0 $0 $0
David A Williams Iii (President Thru 10.21) $0 $0 $0
Nikki Ratliff (Chair) $0 $0 $0
Scott Thomas (Treasurer) $0 $0 $0
Lisa Pennington (Director Thru 11.21) $0 $0 $0
Chris Bryan (Director) $0 $0 $0
Ed Hooks (Director) $0 $0 $0
Greg Lunsford (Director) $0 $0 $0
Troy Woodard (Director) $0 $0 $0
Ted Chandler (Director) $0 $0 $0
Reed Laplante (Chair Elect) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$391,475
Expenses
$288,424
Net Income
$103,051
Net Assets
$1,293,689
Notable Sources of Revenue Percent of Total Revenue
Contributions $383,935
98.1%
Program Services $0
Investment Income $7,540
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $60,272
20.9%
Assets/Debt
Total Assets $1,293,689
Total Liabilities $0
Net Assets $1,293,689
Compensation
Key Employees and Officers Compensation Related Other
David A Williams Iii (President) $0 $0 $0
Troy Woodard (Chair) $0 $0 $0
Scott Thomas (Treasurer) $0 $0 $0
Lisa Pennington (Director) $0 $0 $0
Allen Gant Jr (Director) $0 $0 $0
Chris Bryan (Director) $0 $0 $0
Ed Hooks (Director) $0 $0 $0
Greg Lunsford (Director) $0 $0 $0
Nikki Ratliff (Director) $0 $0 $0
Ted Chandler (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 17, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$387,948
Expenses
$283,302
Net Income
$104,646
Net Assets
$1,190,638
Notable Sources of Revenue Percent of Total Revenue
Contributions $372,180
95.9%
Program Services $0
Investment Income $15,768
4.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $85,258
30.1%
Assets/Debt
Total Assets $1,190,638
Total Liabilities $0
Net Assets $1,190,638
Compensation
Key Employees and Officers Compensation Related Other
David A Williams Iii (President) $0 $0 $0
Lisa Pennington (Chair) $0 $0 $0
Scott Thomas (Treasurer) $0 $0 $0
Trip Durham (Director) $0 $0 $0
Troy Woodard (Director) $0 $0 $0
Allen Gant Jr (Director) $0 $0 $0
Ed Hooks (Director) $0 $0 $0
Greg Lunsford (Director) $0 $0 $0
Ted Chandler (Director) $0 $0 $0
Jim Bryan (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 27, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$428,719
Expenses
$247,454
Net Income
$181,265
Net Assets
$1,085,992
Notable Sources of Revenue Percent of Total Revenue
Contributions $428,525
100.0%
Program Services $0
Investment Income $194
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $101,393
41.0%
Assets/Debt
Total Assets $1,085,992
Total Liabilities $0
Net Assets $1,085,992
Compensation
Key Employees and Officers Compensation Related Other
David A Williams Iii (President) $0 $0 $0
Trip Durham (Chair) $0 $0 $0
Dale Greeson (Treasurer) $0 $0 $0
Paul Koonts (Director) $0 $0 $0
Allen Gant Jr (Director) $0 $0 $0
Ed Hooks (Director) $0 $0 $0
Greg Lunsford (Director) $0 $0 $0
Ted Chandler (Director) $0 $0 $0
Wade Harrison (Director) $0 $0 $0
Lisa Pennington (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on March 20, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$536,444
Expenses
$506,162
Net Income
$30,282
Net Assets
$904,727
Notable Sources of Revenue Percent of Total Revenue
Contributions $536,250
100.0%
Program Services $0
Investment Income $194
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $94,275
18.6%
Other Salaries and Wages $93,957
18.6%
Assets/Debt
Total Assets $904,727
Total Liabilities $0
Net Assets $904,727
Compensation
Key Employees and Officers Compensation Related Other
David A Williams Iii (President) $0 $0 $0
Paul Koonts (Chair) $0 $0 $0
Dale Greeson (Treasurer) $0 $0 $0
Allen Gant Jr (Director) $0 $0 $0
Ed Hooks (Director) $0 $0 $0
Greg Lunsford (Director) $0 $0 $0
Lori Seiler (Director) $0 $0 $0
Ted Chandler (Director) $0 $0 $0
Trip Durham (Director) $0 $0 $0
Wade Harrison (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on April 3, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$310,444
Expenses
$346,461
Net Income
-$36,017
Net Assets
$874,445
Notable Sources of Revenue Percent of Total Revenue
Contributions $310,250
99.9%
Program Services $0
Investment Income $194
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $70,500
20.3%
Other Salaries and Wages $91,946
26.5%
Assets/Debt
Total Assets $874,445
Total Liabilities $0
Net Assets $874,445
Compensation
Key Employees and Officers Compensation Related Other
David A Williams Iii (President) $0 $0 $0
Jeff Andrews (Director) $0 $0 $0
Dale Greeson (Treasurer) $0 $0 $0
Ed Hooks (Director) $0 $0 $0
Paul Koonts (Director) $0 $0 $0
Lori Seiler (Chair) $0 $0 $0
Ted Chandler (Director) $0 $0 $0
Allen Gant Jr (Director) $0 $0 $0
Greg Lunsford (Director) $0 $0 $0
Frank Hood (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on March 13, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$403,443
Expenses
$146,925
Net Income
$256,518
Net Assets
$910,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $403,250
100.0%
Program Services $0
Investment Income $193
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $72,809
49.6%
Assets/Debt
Total Assets $910,462
Total Liabilities $0
Net Assets $910,462
Compensation
Key Employees and Officers Compensation Related Other
David A Williams Iii (President) $0 $0 $0
Cindy Montgomery (Director) $0 $0 $0
Susan Ezekiel (Treasurer) $0 $0 $0
Ed Hooks (Director) $0 $0 $0
Greg Lunsford (Director) $0 $0 $0
Jeff Andrews (Chair) $0 $0 $0
Ted Chandler (Director) $0 $0 $0
Tom Mcgowen (Director) $0 $0 $0
Allen Gant (Director) $0 $0 $0
Dale Greeson (Director) $0 $0 $0
Lori Seiler (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on March 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$417,193
Expenses
$222,275
Net Income
$194,918
Net Assets
$653,944
Notable Sources of Revenue Percent of Total Revenue
Contributions $392,000
94.0%
Program Services $0
Investment Income $193
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $25,000
6.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $66,927
30.1%
Assets/Debt
Total Assets $653,944
Total Liabilities $0
Net Assets $653,944
Compensation
Key Employees and Officers Compensation Related Other
David A Williams Iii (President) $0 $0 $0
Cindy Montgomery (Chairman) $0 $0 $0
Susan Ezekiel (Treasurer) $0 $0 $0
Ed Hooks (Director) $0 $0 $0
Greg Lunsford (Director) $0 $0 $0
Jeff Andrews (Director) $0 $0 $0
Keith Strickland (Director) $0 $0 $0
Paul Koonts (Director) $0 $0 $0
Ted Chandler (Director) $0 $0 $0
Tom Mcgowen (Ex Officio Member) $0 $0 $0
Allen Gant (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on March 30, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$444,887
Expenses
$314,976
Net Income
$129,911
Net Assets
$459,026
Notable Sources of Revenue Percent of Total Revenue
Contributions $347,000
78.0%
Program Services $0
Investment Income $207
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $97,680
22.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $66,927
21.2%
Assets/Debt
Total Assets $459,026
Total Liabilities $0
Net Assets $459,026
Compensation
Key Employees and Officers Compensation Related Other
David A Williams Iii (President) $0 $0 $0
Keith Strickland (Chairman) $0 $0 $0
Susan Ezekiel (Treasurer) $0 $0 $0
Cindy Montgomery (Director) $0 $0 $0
Randy Perkins (Director) $0 $0 $0
Ed Hooks (Director) $0 $0 $0
Alan Gant (Director) $0 $0 $0
Tom Mcgowen (Director) $0 $0 $0
Hal Bates (Director) $0 $0 $0
Greg Lunsford (Director) $0 $0 $0
Ted Chandler (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on April 4, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$368,367
Expenses
$246,583
Net Income
$121,784
Net Assets
$329,115
Notable Sources of Revenue Percent of Total Revenue
Contributions $368,000
99.9%
Program Services $0
Investment Income $367
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $66,604
27.0%
Assets/Debt
Total Assets $329,115
Total Liabilities $0
Net Assets $329,115

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$168,679
Expenses
$267,664
Net Income
-$98,985
Net Assets
$207,331
Notable Sources of Revenue Percent of Total Revenue
Contributions $167,947
99.6%
Program Services $0
Investment Income $732
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $207,331
Total Liabilities $0
Net Assets $207,331

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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