Tarboro Development Corporation
- Assets
- $2.7k
- Revenue
- $12.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tarboro, NC
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 83-1269896
Organization Overview
Tarboro Development Corporation is located in Tarboro, NC. The organization was established in 2018. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Tarboro Development Corporation 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 12/2022, Tarboro Development Corporation generated $12.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $13.2k during the year ending 12/2022. While expenses have increased by 16.8% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN LIVE EVENTS TO PROMOTE THE TOWN. PROVIDED ADVERTISING AND SPONSORED BANDS.
HALLOWEEN CELEBRATION DOWNTOWN - HELD COMMUNITY EVENT TO PROVIDE A HALLOWEEN CELEBRATION.
HOMECOMING - SPONSORED COMMUNITY EVENT TO SUPPORT LOCAL HIGH SCHOOL WITH PARADE AND SPONSORSHIP OF BANDS.
SMALL BUSINESS SATURDAY - PROVIDED ADVERTISING AND SIGNAGE TO SUPPORT DOWNTOWN BUSINESSES DURING SMALL BUSINESS SATURDAY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Parker Director | 0 | $0 | |
Megan Funk President | 0 | $0 | |
Will Leland Vice Preside | 0 | $0 | |
Anne Mann Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,500 |
| Total Revenue | $12,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,234 |
| Total operating and administrative expenses | $13,234 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $13,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,727 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,727 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tarboro Development Corporation has awarded $5,525 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
KELSEY DRAUGHN PURPOSE: COVID RELIEF | $425 |
BEATRICE EVERETTE PURPOSE: COVID RELIEF | $425 |
JTB CREATIONS PURPOSE: COVID RELIEF | $425 |
KIMBERLY TEEL PURPOSE: COVID RELIEF | $425 |
BRENDA KINNIN PURPOSE: COVID RELIEF | $425 |
PAULETTE JOHNSON PURPOSE: COVID RELIEF | $425 |