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Economic Development Partnership of North Carolina
Economic Development Partnership of North Carolina reported $52.3 million in revenue and $51.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $94.30 went to program services, $5.03 to management and general costs and $0.67 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.2% of the total. The highest compensation it reported for one person was $456,032 (CEO). 22 people received more than $100,000 in reportable compensation. Revenue rose 150% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $51MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $52MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.3% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.0% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.7% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.13 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 5.0% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.2% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.2% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $456,032 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.89% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 22 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.2 | 9.2 |
| Independent voting board members Part VI 1a–1b | 18 of 18 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseEdpnc's visit nc team responded immediately to hurricane helene's destruction through extensive partner communications, proactive media relations, its well-publicized interactive travel advisory map, and more. The team's focus quickly shifted to supporting the mountain destinations less affected and able to welcome visitors during the vital fall, holiday/winter, and spring seasons. As seasons progressed into spring and summer, efforts evolved to emphasize travel inspiration. Visit nc has continued to leverage the additional, incremental recovery funds with the same sense of urgency and…
The edpnc offers another specialized service to north carolina companies: assisting them to enter foreign markets and expand their international sales. In fiscal year 2025, the edpnc's international trade managers and foreign offices provided export assistance to 463 companies across all eight multicounty 'prosperity zones.' the assistance included providing market intelligence and strategies, product analysis, distributor searches, localization of websites and marketing materials, and support at trade shows and trade missions. During fiscal year 2025, the international trade team developed a…
Edpnc and partners successfully competed for 128 business recruitment and expansion projects resulting in the announcement of 29,983 new jobs in north carolina and $25.3 billion in investment, both marks doubling the previous year's tallies. The year was headlined by jetzero's plans for a new commercial airplane manufacturing facility at piedmont triad international airport. The commitment to create 14,564 jobs is the largest jobs announcement in state history. Also announced were jabil's 2,004-job, $264 million manufacturing facility in rowan county; amazon web services' 500-job, $10 billion…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $391,760 | $0 | $64,272 | $456,032 |
| COO Officer, 40.00 hrs/week | $213,991 | $0 | $16,775 | $230,766 |
| VP MARKETING Highest compensated employee, 40.00 hrs/week | $179,332 | $0 | $17,951 | $197,283 |
| VP TOURISM Highest compensated employee, 40.00 hrs/week | $174,850 | $0 | $21,531 | $196,381 |
| SR. VP BUSINESS RECRUITMENT Highest compensated employee, 40.00 hrs/week | $179,736 | $0 | $15,481 | $195,217 |
| DIRECTOR FINANCE Highest compensated employee, 40.00 hrs/week | $147,982 | $0 | $20,792 | $168,774 |
| DIRECTOR BUS. DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $131,261 | $0 | $13,381 | $144,642 |
22 people received more than $100,000 in reportable compensation from Economic Development Partnership of North Carolina (Part VII, line 2). Compensation of current officers, directors and key employees totaled $722K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b18 · 18 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 580
- Volunteers Part I, line 618
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SITE SELECTION GROUP LLC Business site location consultants | $380,067 |
| THE UPROAR CONCEPT LLC Tourism marketing consultants | $291,108 |
| VIOLET COMMUNICATIONS LLC Public relation services | $162,580 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Economic Development Partnership of North Carolina totaling $75,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Economic Development Partnership of North Carolina's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Economic Development Partnership of North Carolina, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Economic Development Partnership of North Carolina spent in FY2025, $94.30 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- St Nicks Alliance CorporationBrooklyn, NY · revenue $52M · programs 87.2% · 2024
- Mosaic Community ServicesBaltimore, MD · revenue $53M · programs 81.0% · FY2025
- NyshaMonroe, NY · revenue $52M · programs 72.5% · 2024
- Center for Community ChangeWashington, DC · revenue $53M · programs 80.1% · FY2025
- Common Counsel FoundationOakland, CA · revenue $51M · programs 97.3% · 2024
All community improvement & capacity building charities · Largest charities in North Carolina
Questions people ask
How much of Economic Development Partnership of North Carolina's spending goes to programs?
In the fiscal year ending June 30, 2025, Economic Development Partnership of North Carolina reported that 94.3% of its $51.5 million in expenses went to program services, 5.0% to management and general and 0.7% to fundraising (Form 990, Part IX).
How much does Economic Development Partnership of North Carolina pay its top executive?
The largest total compensation Economic Development Partnership of North Carolina reported for one person in the fiscal year ending June 30, 2025 was $456,032, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Economic Development Partnership of North Carolina get its money?
Of $52.3 million in revenue in the fiscal year ending June 30, 2025, 5.0% came from contributions and grants (including 2.2% from government grants) and 92.2% from program service revenue (Form 990, Part VIII).
Is Economic Development Partnership of North Carolina a registered charity?
The IRS lists EIN 46-4840814 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202620149349301502 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510249349301451 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202333479349300933 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330249349301423 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210279349300411 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120849349300917 · read the filing
All filings for EIN 46-4840814: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.