Moore County Economic Development Partnership
- Assets
- $1.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Pinehurst, NC
- Founding
- 12/2003
- Data as of
- 06/2023
- EIN
- 52-2374383
Organization Overview
Moore County Economic Development Partnership is located in Pinehurst, NC. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Moore County Economic Development Partnership employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moore County Economic Development Partnership 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 06/2023, Moore County Economic Development Partnership generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $536.1k during the year ending 06/2023. While expenses have increased by 14.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE ECONOMIC PROSPERITY AND IMPROVE THE QUALITY OF LIFE FOR MOORE COUNTY'S CITIZENS THROUGH THE CREATION OF QUALITY JOBS AND CAPITAL INVESTMENT IN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHIEVEMENTS INCLUDE ASSISTING LOCAL UNITS OF GOVERNMENT IN MOORE COUNTY WITH NEW BUSINESS RECRUITMENT AND EXISTING INDUSTRY EXPANSIONS FOR THE PURPOSE OF CREATING NEW JOBS AND CAPITAL INVESTMENT IN MOORE COUNTY; COLLABORATED WITH EXISTING INDUSTRIES AND OTHER PARTNERS TO ADDRESS THE NEEDS OF MOORE COUNTY'S EMPLOYERS; FACILITATED EFFORTS TO DEVELOP INDUSTRIAL BUILDINGS AND SITES, INCLUDING TARGETED INFRASTRUCTURE DEVELOPMENT, FOR NEW BUSINESS RECRUITMENT AND EXPANSION; PROVIDED GRANT PREPARATION & ADMINISTATION SERVICES TO LOCAL GOVERNMENTS AS NEEDED; FACILITATED INITIATIVES TO ENCOURAGE AND GROW ENTREPRENEURSHIP IN MOORE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Hawkins President | Officer | 40 | $133,900 |
John May Chair | Trustee | 0.76 | $0 |
George Little Vice Chairma | Trustee | 0.18 | $0 |
Lin Hutaff Treasurer | Trustee | 0.26 | $0 |
Adam Kiker Director | Trustee | 0.15 | $0 |
Bob Koontz Director | Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $93,125 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,438,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $189,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,720,801 |
| Total Program Service Revenue | $0 |
| Investment income | $1,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,438 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,365 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,773,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,900 |
| Compensation of current officers, directors, key employees. | $48,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,112 |
| Pension plan accruals and contributions | $22,592 |
| Other employee benefits | $10,415 |
| Payroll taxes | $20,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,932 |
| Office expenses | $11,841 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,720 |
| Travel | $457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,353 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,722 |
| Insurance | $1,846 |
| All other expenses | $5,228 |
| Total functional expenses | $536,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,575,542 |
| Savings and temporary cash investments | $150,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,051 |
| Net Land, buildings, and equipment | $67,089 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,250 |
| Total assets | $1,807,547 |
| Accounts payable and accrued expenses | $4,973 |
| Grants payable | $0 |
| Deferred revenue | $3,317 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,920 |
| Total liabilities | $65,210 |
| Net assets without donor restrictions | $505,641 |
| Net assets with donor restrictions | $1,236,696 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,807,547 |