Smithfield Selma Chamber Economic Development Foundation Inc
- Assets
- $118.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Smithfield, NC
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 27-2039206
Organization Overview
Smithfield Selma Chamber Economic Development Foundation Inc is located in Smithfield, NC. The organization was established in 2011. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smithfield Selma Chamber Economic Development Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Smithfield Selma Chamber Economic Development Foundation Inc generated $48.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $56.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE TRIANGLE EAST ECONOMIC DEVELOPMENT FOUNDATION WAS ESTABLISHED TO PROMOTE THE ECONOMIC WELL BEING OF THE TRIANGLE EAST REGION OF NORTH CAROLINA.THROUGH THE FOUNDATION WE CAN RAISE FUNDING TO HELP PROMOTE PROGRAMS AND PROJECTS THAT DEVELOP THE REGION INTO A NATIONALLY COMPETITIVE ,ECONOMICALLY DIVERSE, RELEVANT AND COLLABORTIVE COMMUNITY. THE FOUNDATION WAS FORMED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND ECONOMIC DEVELOPMENT FUNDRAISING TO SUPPORT CHAMBER AND COMMUNITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bud Andrews Director | 0 | $0 | |
Nichole Booker Director | 0 | $0 | |
Jim Jenkins Director | 0 | $0 | |
Michael Johnson Director | 0 | $0 | |
Susan Lassiter Board Chair | 0 | $0 | |
Maureen Mcguinness President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,895 |
| Total Program Service Revenue | $22,348 |
| Membership dues | $0 |
| Investment income | $105 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,348 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $18,164 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,758 |
| Total expenses | $56,522 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,512 |
| Other assets | $0 |
| Total assets | $118,012 |
| Total liabilities | $0 |
| Net assets or fund balances | $118,012 |