PROPUBLICA Fearless Reporting for an Informed Society — Join Us.
DONATE
Skip to content
ProPublica Donate
ProPublica Donate

Roanoke Economic Development Incorporated

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 / Community, Neighborhood Development, Improvement (General) (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$766k (2023)

Expenses
$954k (2023)

Total Assets
$1.41M (2023)

Total Liabilities
$3.04M (2023)

Source: Form 990 tax filings from 2010 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
$766,357
Expenses
$953,693
Net Income
-$187,336
Net Assets
-$1,623,845
Notable Sources of Revenue Percent of Total Revenue
Contributions $711,629
92.9%
Program Services $54,728
7.1%
Investment Income $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 $297,630
31.2%
Assets/Debt
Total Assets $1,414,748
Total Liabilities $3,038,593
Net Assets -$1,623,845
Compensation
Key Employees and Officers Compensation Related Other
Allen W Speller (Chairman) $0 $0 $0
Robert Nriddick (Vice Chair) $0 $0 $0
Delores H Amason (Sec./Treasur) $0 $0 $0
Darnell Lee (Director) $0 $0 $0
Kenneth Jernigan (Director) $0 $0 $0
Marva Bond (Director) $0 $0 $0
Carolyn D Bradley (Director) $0 $0 $0
Columbus Jeffers (Director) $0 $0 $0
Cindy Vaughan (Director) $0 $0 $0
Marshall Cherry (President &) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$712,657
Expenses
$1,475,251
Net Income
-$762,594
Net Assets
-$1,436,509
Notable Sources of Revenue Percent of Total Revenue
Contributions $664,054
93.2%
Program Services $48,603
6.8%
Investment Income $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 $225,466
15.3%
Assets/Debt
Total Assets $1,564,458
Total Liabilities $3,000,967
Net Assets -$1,436,509
Compensation
Key Employees and Officers Compensation Related Other
Allen W Speller (Chairman) $0 $0 $0
Robert Nriddick (Vice Chair) $0 $0 $0
Delores H Amason (Sec./Treasur) $0 $0 $0
Darnell Lee (Director) $0 $0 $0
Kenneth Jernigan (Director) $0 $0 $0
Marva Bond (Director) $0 $0 $0
Carolyn D Bradley (Director) $0 $0 $0
Columbus Jeffers (Director) $0 $0 $0
Cindy Vaughan (Director) $0 $0 $0
Marshall Cherry (President &) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,497,561
Expenses
$845,041
Net Income
$652,520
Net Assets
-$673,915
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,449,522
96.8%
Program Services $48,039
3.2%
Investment Income $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 $169,803
20.1%
Assets/Debt
Total Assets $1,056,746
Total Liabilities $1,730,661
Net Assets -$673,915
Compensation
Key Employees and Officers Compensation Related Other
Allen W Speller (Chairman) $0 $0 $0
Robert Nriddick (Vice Chair) $0 $0 $0
Delores H Amason (Sec./Treasur) $0 $0 $0
Darnell Lee (Director) $0 $0 $0
Kenneth Jernigan (Director) $0 $0 $0
Millard Lee (Director) $0 $0 $0
Carolyn D Bradley (Director) $0 $0 $0
Columbus Jeffers (Director) $0 $0 $0
Chester Deloatch (Director) $0 $0 $0
Marshall Cherry (President &) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$223,015
Expenses
$674,799
Net Income
-$451,784
Net Assets
-$1,326,435
Notable Sources of Revenue Percent of Total Revenue
Contributions $127,645
57.2%
Program Services $95,370
42.8%
Investment Income $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 $110,213
16.3%
Assets/Debt
Total Assets $1,171,513
Total Liabilities $2,497,948
Net Assets -$1,326,435
Compensation
Key Employees and Officers Compensation Related Other
Allen W Speller (Chairman) $0 $0 $0
Robert Nriddick (Vice Chair) $0 $0 $0
Delores H Amason (Sec./Treasur) $0 $0 $0
Darnell Lee (Director) $0 $0 $0
Kenneth Jernigan (Director) $0 $0 $0
Millard Lee (Director) $0 $0 $0
Carolyn D Bradley (Director) $0 $0 $0
Columbus Jeffers (Director) $0 $0 $0
Chester Deloatch (Director) $0 $0 $0
Curtis Wynn (President &) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$983,849
Expenses
$507,901
Net Income
$475,948
Net Assets
-$874,651
Notable Sources of Revenue Percent of Total Revenue
Contributions $925,932
94.1%
Program Services $57,917
5.9%
Investment Income $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 $53,844
10.6%
Assets/Debt
Total Assets $897,813
Total Liabilities $1,772,464
Net Assets -$874,651
Compensation
Key Employees and Officers Compensation Related Other
Allen W Speller (President) $0 $0 $0
Robert Nriddick (Vice Preside) $0 $0 $0
Delores H Amason (Sec./Treasur) $0 $0 $0
Darnell Lee (Director) $0 $0 $0
Kenneth Jernigan (Director) $0 $0 $0
Millard Lee (Director) $0 $0 $0
Carolyn D Bradley (Director) $0 $0 $0
Columbus Jeffers (Director) $0 $0 $0
Chester Deloatch (Director) $0 $0 $0
Curtis Wynn (President &) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$403,192
Expenses
$387,555
Net Income
$15,637
Net Assets
-$1,350,599
Notable Sources of Revenue Percent of Total Revenue
Contributions $346,736
86.0%
Program Services $56,456
14.0%
Investment Income $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 $67,638
17.5%
Assets/Debt
Total Assets $845,844
Total Liabilities $2,196,443
Net Assets -$1,350,599
Compensation
Key Employees and Officers Compensation Related Other
Allen W Speller (President) $0 $0 $0
Robert Nriddick (Vice Preside) $0 $0 $0
Delores H Amason (Sec./Treasur) $0 $0 $0
Darnell Lee (Director) $0 $0 $0
Kenneth Jernigan (Director) $0 $0 $0
Millard Lee (Director) $0 $0 $0
Carolyn D Bradley (Director) $0 $0 $0
Columbus Jeffers (Director) $0 $0 $0
Chester Deloatch (Director) $0 $0 $0
Curtis Wynn (President &) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$486,218
Expenses
$619,296
Net Income
-$133,078
Net Assets
-$1,366,236
Notable Sources of Revenue Percent of Total Revenue
Contributions $282,037
58.0%
Program Services $204,181
42.0%
Investment Income $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 $315,938
51.0%
Assets/Debt
Total Assets $818,552
Total Liabilities $2,184,788
Net Assets -$1,366,236

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$688,209
Expenses
$684,311
Net Income
$3,898
Net Assets
-$1,233,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $420,659
61.1%
Program Services $267,550
38.9%
Investment Income $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 $209,276
30.6%
Assets/Debt
Total Assets $692,647
Total Liabilities $1,925,805
Net Assets -$1,233,158

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$744,612
Expenses
$656,324
Net Income
$88,288
Net Assets
-$1,237,056
Notable Sources of Revenue Percent of Total Revenue
Contributions $744,612
100%
Program Services $0
Investment Income $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 $192,929
29.4%
Assets/Debt
Total Assets $713,994
Total Liabilities $1,951,050
Net Assets -$1,237,056

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$482,108
Expenses
$412,309
Net Income
$69,799
Net Assets
-$1,325,344
Notable Sources of Revenue Percent of Total Revenue
Contributions $482,108
100%
Program Services $0
Investment Income $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 $172,210
41.8%
Assets/Debt
Total Assets $658,781
Total Liabilities $1,984,125
Net Assets -$1,325,344

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$288,010
Expenses
$288,235
Net Income
-$225
Net Assets
-$1,395,143
Notable Sources of Revenue Percent of Total Revenue
Contributions $288,010
100%
Program Services $0
Investment Income $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 $165,251
57.3%
Assets/Debt
Total Assets $497,367
Total Liabilities $1,892,510
Net Assets -$1,395,143

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$365,375
Expenses
$316,547
Net Income
$48,828
Net Assets
-$1,394,918
Notable Sources of Revenue Percent of Total Revenue
Contributions $365,375
100%
Program Services $0
Investment Income $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 $150,361
47.5%
Assets/Debt
Total Assets $526,525
Total Liabilities $1,921,443
Net Assets -$1,394,918

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$315,468
Expenses
$451,492
Net Income
-$136,024
Net Assets
-$1,443,746
Notable Sources of Revenue Percent of Total Revenue
Contributions $315,468
100%
Program Services $0
Investment Income $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 $193,419
42.8%
Assets/Debt
Total Assets $443,268
Total Liabilities $1,887,014
Net Assets -$1,443,746

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$432,554
Expenses
$506,663
Net Income
-$74,109
Net Assets
-$1,307,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $432,554
100%
Program Services $0
Investment Income $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 $0
Assets/Debt
Total Assets $497,101
Total Liabilities $1,804,823
Net Assets -$1,307,722

Document Links

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

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

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

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

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

Fiscal Year Ending Dec.
2004

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

Fiscal Year Ending Dec.
2003

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

Fiscal Year Ending Dec.
2002

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

Fiscal Year Ending Dec.
2001

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

About 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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »