Fayetteville-Cumberland County Economic Development Corporation

Organization Overview

Fayetteville-Cumberland County Economic Development Corporation is located in Fayetteville, NC. The organization was established in 2017. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Fayetteville-Cumberland County Economic Development Corporation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayetteville-Cumberland County Economic Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 06/2022, Fayetteville-Cumberland County Economic Development Corporation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 18.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ENGAGE IN ECONOMIC DEVELOPMENT ACTIVITIES INTENDED TO REDUCE THE BURDEN ON GOVERNMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION WORKS TO ATTRACT NEW BUSINESSES AND INDUSTRIES TO THE AREA THUS INCREASING THE TAX BASE AND CREATING NEW JOBS.


THE ORGANIZATION WORKS WITH EXISTING BUSINESSES AND INDUSTRY IN CUMBERLAND COUNTY TO ENSURE THAT THEIR NEEDS RELATED TO OPERATING EFFECTIVELY AND EFFICIENTLY ARE BEING MET BY THE PUBLIC AND PRIVATE SECTOR AND TO ASSIST THEM WITH PLANNED EXPANSION.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Kelvin Farmer
Chairman
$0
Vivek Tandon
Vice Chairman
$0
Katheryn Cox
Treasurer
$0
Dymond Spain
Secretary
$0
Carl Manning
Director
$0
Dohn Broadwell
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,073,229
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,073,229

Peer Organizations

Organization NameAssets
Meat Institute
Arlington, VA
$14,339,848
Yaplus
Arlington, VA
$10,534,559
Goodie Nation Inc
Atlanta, GA
$1,484,588
Herman J Russell Center For Innovation And Entrepreneurship In
Atlanta, GA
$17,312,188
Virginia Utility Protection Service Inc
Roanoke, VA
$9,331,711
Southeast Coastal Ocean Observing Regional Association
Charleston, SC
$6,262,135
Better Business Bureau Of Metropoliton Atlanta Inc
Alpharetta, GA
$4,838,470
Locus Impact Fund
Christiansburg, VA
$9,556,651
Business Finance Group Inc
Fairfax, VA
$4,675,831
Working Forest Initiative
Savannah, GA
$6,900,000
Better Business Bureau Of Nashville Middle Tennessee Inc
Nashville, TN
$2,984,762
Better Business Bureau Of Southern Piedmont Inc
Matthews, NC
$3,046,474
African American Credit Union Coalition
Snellville, GA
$2,475,988
Center For Nonprofit Management Inc
Nashville, TN
$2,233,297
American Society For Healthcare Human Resources Administration
Mc Lean, VA
$1,515,014
Better Business Bureau Of Eastern Nc Inc
Raleigh, NC
$2,299,707
Student And Youth Travel Association Of North America
Arlington, VA
$2,338,252
Lynchburg Regional Business Alliance
Lynchburg, VA
$2,511,574
North American Technician Excellence Inc
Arlington, VA
$1,833,428
E4 Carolinas Inc
Charlotte, NC
$1,755,504
Better Business Bureau Of Central & Northwest North Carolina
Kernersville, NC
$1,436,841
National Wireless Safety Alliance
Fairfax, VA
$1,524,006
Hickory Ridge Mall Cd Corporation
Memphis, TN
$1,535,185
Amc Institute
Alexandria, VA
$1,751,679
American Transaction Processors Coalition
Atlanta, GA
$1,617,250

Create an account to unlock the data you need.

or