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I-95 I-40 Crossroads of America Economic Development Alliance

Dunn, NC · EIN 87-2462918 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

I-95 I-40 Crossroads of America Economic Development Alliance reported $40.9 million in revenue and $39.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $99.74 went to program services, $0.26 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 97.8% of the total. Government grants made up 97.8%. The highest compensation it reported for one person was $112,374 (PRESIDENT). 1 person received more than $100,000 in reportable compensation. Revenue rose 2709% between FY2022 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 $40M

For 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 $41M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 479 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
99.7%89.1%
Management & general
Part IX 25(C) ÷ 25(A)
0.3%9.2%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
97.8%80.1%
Government grants share of revenue
Part VIII 1e ÷ 12
97.8%14.9%
Program service revenue share
Part VIII 2g ÷ 12
0.0%11.9%
Highest reported compensation
Part VII-A, columns D–F
$112,374$291,103
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.28%1.49%
People paid over $100,000
Part VII, line 2
15
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
0.69.2
Independent voting board members
Part VI 1a–1b
12 of 12100.0%

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 expense
$40M expenses · 100.0% of program spending

To enhance the economic well-being of our region through quality, sustainable job creation and strategic workforce development partnerships

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 50.00 hrs/week
$105,292$0$7,082$112,374

1 people received more than $100,000 in reportable compensation from I-95 I-40 Crossroads of America Economic Development Alliance (Part VII, line 2). Compensation of current officers, directors and key employees totaled $102K (Part IX, line 5).

4 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2022FY2023FY2024FY2025$41M$40M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$41M$40M99.7%$2.1M$112,374
FY2024 ⓘ$7.9M$7.0M99.4%$960K$85,000
FY2023 ⓘ$13M$836K85.9%$13M$79,433
FY2022 ⓘ$1.5M$278K94.2%$1.2M—

Governance 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–1b12 · 12 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13No
  • 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 14bNo
  • Employees Part I, line 51
  • Volunteers Part I, line 624

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
ECS SOUTHEAST LLC
Engineering consulting services
$112,931

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from I-95 I-40 Crossroads of America Economic Development Alliance's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for I-95 I-40 Crossroads of America Economic Development Alliance, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All community improvement & capacity building charities · Largest charities in North Carolina

Questions people ask

How much of I-95 I-40 Crossroads of America Economic Development Alliance's spending goes to programs?

In the fiscal year ending June 30, 2025, I-95 I-40 Crossroads of America Economic Development Alliance reported that 99.7% of its $39.7 million in expenses went to program services, 0.3% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does I-95 I-40 Crossroads of America Economic Development Alliance pay its top executive?

The largest total compensation I-95 I-40 Crossroads of America Economic Development Alliance reported for one person in the fiscal year ending June 30, 2025 was $112,374, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does I-95 I-40 Crossroads of America Economic Development Alliance get its money?

Of $40.9 million in revenue in the fiscal year ending June 30, 2025, 97.8% came from contributions and grants (including 97.8% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is I-95 I-40 Crossroads of America Economic Development Alliance a registered charity?

The IRS lists EIN 87-2462918 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 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 202533119349300613 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202413249349300401 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421299349300102 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321309349305502 · read the filing

All filings for EIN 87-2462918: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.