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Fayetteville Cumberland County Economic Development Corporation

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Business and Industry (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$1.12M (2024)

Expenses
$1.04M (2024)

Total Assets
$1.12M (2024)

Total Liabilities
$624k (2024)

Source: Form 990 tax filings from 2016 to 2024

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 June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,116,231
Expenses
$1,042,691
Net Income
$73,540
Net Assets
$493,508
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,105,942
99.1%
Investment Income $10,289
0.9%
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 $236,926
22.7%
Professional Fundraising Fees $0
Other Salaries and Wages $278,072
26.7%
Assets/Debt
Total Assets $1,117,790
Total Liabilities $624,282
Net Assets $493,508
Compensation
Key Employees and Officers Compensation Related Other
Robert M Van Geons (President & Ceo) $206,885 $0 $28,566
Rob Patton (Executive Vp) $119,481 $0 $3,585
Katheryn Cox (Chairman) $0 $0 $0
Timothy Bryant (Vice Chairman) $0 $0 $0
Carl Maning (Treasurer) $0 $0 $0
Dymond Spain (Secretary) $0 $0 $0
Ulysses Taylor (Director) $0 $0 $0
Kirk Deviere (Director) $0 $0 $0
Joshua Choi (Director) $0 $0 $0
Bill Hedgepeth (Director) $0 $0 $0
Mitch Colvin (Director) $0 $0 $0
Ferdinand Irizarry (Director) $0 $0 $0

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Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,085,561
Expenses
$1,055,137
Net Income
$30,424
Net Assets
$419,968
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,078,465
99.3%
Investment Income $7,096
0.7%
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 $232,795
22.1%
Professional Fundraising Fees $0
Other Salaries and Wages $269,357
25.5%
Assets/Debt
Total Assets $1,186,919
Total Liabilities $766,951
Net Assets $419,968
Compensation
Key Employees and Officers Compensation Related Other
Robert M Van Geons (President & Ceo) $196,323 $0 $27,975
Rob Patton (Executive Vp) $111,447 $0 $6,382
Kelvin Farmer (Chairman) $0 $0 $0
Vivek Tandon (Vice Chairman) $0 $0 $0
Katheryn Cox (Treasurer) $0 $0 $0
Dymond Spain (Secretary) $0 $0 $0
Carl Manning (Director) $0 $0 $0
Dohn Broadwell (Director) $0 $0 $0
Glenn Adams (Director) $0 $0 $0
Bill Hedgepeth (Director) $0 $0 $0
Mitch Colvin (Director) $0 $0 $0
Elaina Ball (Director) $0 $0 $0

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Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,073,229
Expenses
$1,011,972
Net Income
$61,257
Net Assets
$389,544
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,073,229
100%
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 $224,242
22.2%
Professional Fundraising Fees $0
Other Salaries and Wages $320,266
31.6%
Assets/Debt
Total Assets $1,237,847
Total Liabilities $848,303
Net Assets $389,544
Compensation
Key Employees and Officers Compensation Related Other
Robert M Van Geons (President & Ceo) $198,006 $0 $26,236
Kelvin Farmer (Chairman) $0 $0 $0
Vivek Tandon (Vice Chairman) $0 $0 $0
Katheryn Cox (Treasurer) $0 $0 $0
Dymond Spain (Secretary) $0 $0 $0
Carl Manning (Director) $0 $0 $0
Dohn Broadwell (Director) $0 $0 $0
Glenn Adams (Director) $0 $0 $0
Bill Hedgepeth (Director) $0 $0 $0
Mitch Colvin (Director) $0 $0 $0

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Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$864,146
Expenses
$1,099,333
Net Income
-$235,187
Net Assets
$328,287
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $864,000
100.0%
Investment Income $146
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 $205,359
18.7%
Professional Fundraising Fees $0
Other Salaries and Wages $293,535
26.7%
Assets/Debt
Total Assets $364,023
Total Liabilities $35,736
Net Assets $328,287
Compensation
Key Employees and Officers Compensation Related Other
Robert Michael Vangeons (President & Ceo) $181,032 $0 $13,165
Andrew Pennink (Chairman) $0 $0 $0
Vivek Tandon (Vice Chair) $0 $0 $0
Kelvin Farmer (Treasuer) $0 $0 $0
Jack Rostetter (Secretary) $0 $0 $0
Mayor Mitch Colvin (Board Member) $0 $0 $0
L Wayne Smalls (Board Member) $0 $0 $0
Bobby Suggs Jr (Board Member) $0 $0 $0
Dohn Broadwell (Board Member) $0 $0 $0
Michael Boose (Board Member) $0 $0 $0
Kathryn Cox (Board Member) $0 $0 $0
Dr Larry Keen Ex Efficio (Board Member) $0 $0 $0
Amy Cannon Ex Efficio (Board Member) $0 $0 $0
Doug Hewett Ex Efficio (Board Member) $0 $0 $0

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Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$891,572
Expenses
$926,346
Net Income
-$34,774
Net Assets
$563,474
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $881,810
98.9%
Investment Income $9,762
1.1%
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 $204,913
22.1%
Professional Fundraising Fees $0
Other Salaries and Wages $212,408
22.9%
Assets/Debt
Total Assets $647,286
Total Liabilities $83,812
Net Assets $563,474
Compensation
Key Employees and Officers Compensation Related Other
Robert Michael Vangeons (President & Ceo) $175,323 $0 $10,408
Andrew Pennink (Chairman) $0 $0 $0
Vivek Tandon (Vice Chair) $0 $0 $0
Kelvin Farmer (Treasuer) $0 $0 $0
Jack Rostetter (Secretary) $0 $0 $0
Mayor Mitch Colvin (Board Member) $0 $0 $0
L Wayne Smalls (Board Member) $0 $0 $0
Jeanette Council (Board Member 7 1 19 To 12 1 19) $0 $0 $0
Marshall Faircloth (Board Member 12 1 19 To 6 30 20) $0 $0 $0
Bobby Suggs Jr (Board Member) $0 $0 $0
Dohn Broadwell (Board Member) $0 $0 $0
Michael Mccollum (Board Member 7 1 19 To 12 1 19) $0 $0 $0
Rajan Shamdasani (Board Member 12 1 19 To 6 30 20) $0 $0 $0

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,048,377
Expenses
$955,429
Net Income
$92,948
Net Assets
$599,178
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,036,603
98.9%
Investment Income $11,774
1.1%
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 $187,515
19.6%
Professional Fundraising Fees $0
Other Salaries and Wages $317,753
33.3%
Assets/Debt
Total Assets $636,967
Total Liabilities $37,789
Net Assets $599,178
Compensation
Key Employees and Officers Compensation Related Other
Robert Van Geons (President/ Ceo) $177,876 $0 $9,639
Andrew Pennick (Chair) $0 $0 $0
Juanita Pilgrim (Vice Chair To Dec) $0 $0 $0
Vivek Tandon (Vice Chair From Dec) $0 $0 $0
Jack Rostetter (Secretary) $0 $0 $0
Kelvin Farmer (Treasurer) $0 $0 $0
Dohn Broadwell (Director) $0 $0 $0
Mitch Colvin (Director) $0 $0 $0
Jeanette Council (Director) $0 $0 $0
Larry Lancaster (Director) $0 $0 $0
Michael Mccollum (Director) $0 $0 $0
Wayne Smalls (Director) $0 $0 $0
Bobby Suggs Jr (Director) $0 $0 $0

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Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$962,512
Expenses
$674,792
Net Income
$287,720
Net Assets
$506,230
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $959,515
99.7%
Investment Income $2,997
0.3%
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 $184,737
27.4%
Professional Fundraising Fees $0
Other Salaries and Wages $223,072
33.1%
Assets/Debt
Total Assets $533,956
Total Liabilities $27,726
Net Assets $506,230
Compensation
Key Employees and Officers Compensation Related Other
Robert Van Geons (President /Ceo) $175,037 $0 $9,700
Andrew Pennick (Chair) $0 $0 $0
Juanita Pilgrim (Vice Chair) $0 $0 $0
Jack Rostetter (Secretary) $0 $0 $0
Kelvin Farmer (Treasurer) $0 $0 $0
Mitch Colvin (Director) $0 $0 $0
Larry Lancaster (Director) $0 $0 $0
Bobby Suggs Jr (Director) $0 $0 $0
Vivek Tandon (Director) $0 $0 $0

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Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$958,643
Expenses
$791,854
Net Income
$166,789
Net Assets
$218,510
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $958,000
99.9%
Investment Income $643
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 $225,518
28.5%
Professional Fundraising Fees $0
Other Salaries and Wages $155,244
19.6%
Assets/Debt
Total Assets $262,628
Total Liabilities $44,118
Net Assets $218,510
Compensation
Key Employees and Officers Compensation Related Other
Russ Rogerson (President And Ceo (Thru Oct 2016)) $115,081 $0 $11,232
Juawana Colbert (President And Ceo (From Oct 2016)) $92,862 $0 $6,343
Jack Rostetter (Chair) $0 $0 $0
Andrew Pennick (Vice Chair) $0 $0 $0
Glenn Adams (Board Member) $0 $0 $0
Kathy Jenson (Board Member) $0 $0 $0
Juanita Pilgrim (Board Member) $0 $0 $0
Tim Richardson (Board Member) $0 $0 $0
Denise Strother (Board Member) $0 $0 $0
Bobby Suggs Jr (Board Member) $0 $0 $0

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Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$412,500
Expenses
$360,779
Net Income
$51,721
Net Assets
$51,721
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $412,500
100%
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 $124,920
34.6%
Professional Fundraising Fees $0
Other Salaries and Wages $80,395
22.3%
Assets/Debt
Total Assets $76,430
Total Liabilities $24,709
Net Assets $51,721
Compensation
Key Employees and Officers Compensation Related Other
Jack Rostetter (Chair) $0 $0 $0
Andrew Pennick (Vice Chair) $0 $0 $0
Glenn Adams (Board Member) $0 $0 $0
Kathy Jenson (Board Member) $0 $0 $0
Juanita Pilgrim (Board Member) $0 $0 $0
Tim Richardson (Board Member) $0 $0 $0
Denise Strother (Board Member) $0 $0 $0
Bobby Suggs Jr (Board Member) $0 $0 $0
Russ Rogerson (President And Ceo) $0 $0 $0

Document Links

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.

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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 »

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