DAVIDSON CO ECONOMIC DEV COMMISSION

Address
PO BOX 2013
LEXINGTON, NC 27293
Contact
Nonprofit
NTEE: S41 - Promotion of Business
EIN: 56-1556790

Mission

TO PROMOTE INDUSTRY IN DAVIDSON COUNTY, NC
 20172016201420132012
Basic features of the organization
Year of formation1986
Subsection code06
PF filing required0    
Metropolitan statistical area3120
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$155,000.00$0.00   
Number of employees33   
Number of people compensated >$100k10   
Personnel
Byrum, John
TitleBOARDBOARD   
Name of key/compensated personJOHN BYRUMJOHN BYRUM   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Clark, Newell
TitleBOARDBOARD   
Name of key/compensated personNEWELL CLARKNEWELL CLARK   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Googe, Steve
TitlePRESIDENTCEO    
Name of key/compensated personSTEVE GOOGE    
Position of compensated person
Average hours per week working for org40.00    
Reportable compensation from org$155,000.00    
Other comp, non-reportable, from org and related orgs$12,400.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Hedrick, Tommy
TitleCHAIRMANCHAIRMAN   
Name of key/compensated personTOMMY HEDRICKTOMMY HEDRICK   
Position of compensated person
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Herrick, Wayne
TitleSECRETARYSECRETARY   
Name of key/compensated personWAYNE HERRICKWAYNE HERRICK   
Position of compensated person
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Horne, John
TitleBOARD    
Name of key/compensated personJOHN HORNE    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Jackson, Steve
TitleVICE CHAIRVICE CHAIR   
Name of key/compensated personSTEVE JACKSONSTEVE JACKSON   
Position of compensated person
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Jarvis, Steve
TitleBOARDBOARD   
Name of key/compensated personSTEVE JARVISSTEVE JARVIS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Jordan, Ed
TitleBOARDBOARD   
Name of key/compensated personED JORDANED JORDAN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Morris, Scott
Title BOARD   
Name of key/compensated person SCOTT MORRIS   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0.00   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0.00   
Potts, Larry
TitleBOARDBOARD   
Name of key/compensated personLARRY POTTSLARRY POTTS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Smith, Tom
Title TREASURER   
Name of key/compensated person TOM SMITH   
Position of compensated person
Average hours per week working for org 0.00   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0.00   
Swaim, Mark
TitleBOARDBOARD   
Name of key/compensated personMARK SWAIMMARK SWAIM   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Ward, Larry
TitleBOARD    
Name of key/compensated personLARRY WARD    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Wilkins, Wayne
TitleBOARDBOARD   
Name of key/compensated personWAYNE WILKINSWAYNE WILKINS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
York, Raleigh
TitleBOARDBOARD   
Name of key/compensated personRALEIGH YORKRALEIGH YORK   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROMOTE INDUSTRY IN DAVIDSON COUNTY, NCTO PROMOTE INDUSTRY IN DAVIDSON COUNTY, NC   
Program service expenses, total$731,042.00$366,516.00   
Programs, including revenue & expenses
THE PROMOTION OF ECONOMIC DEVELOPMENT IN DAVIDSON COUNTY , NC
Program expenses$731,042.00$366,516.00   
Program revenue$376,032.00$383,246.00   
Program descriptionTHE PROMOTION OF ECONOMIC DEVELOPMENT IN DAVIDSON COUNTY , NCTHE PROMOTION OF ECONOMIC DEVELOPMENT IN DAVIDSON COUNTY , NC   
Financial data
Revenue
Total revenue$376,032.00$383,246.00   
Revenue from contributions (total)$375,000.00$380,755.00$373,050.00$2,389,942.00$404,000.00
Investment income, current yr$1,032.00$2,491.00   
Total revenue from grants, etc., current yr$375,000.00$380,755.00   
Total unrelated business revenue$0.00$0.00   
Other revenue, current yr$0.00$0.00   
Net unrelated business taxable revenue$0.00$0.00   
Program service revenue (total) $0.00$0.00$0.00$0.00
Gross receipts$376,032.00$383,246.00   
Sources of contributions
Revenue from gov't grants$358,000.00$357,000.00   
Revenue from all other contributions$17,000.00$23,755.00   
Other types of revenue
Income from dividends, interest, and similar investments$1,032.00$2,491.00   
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$731,042.00$366,516.00   
Total functional expenses: program service $731,042.00$366,516.00   
Total functional expenses: management and general$0.00$0.00   
Total functional expenses: fundraising$0.00$0.00   
Fees for services
Fundraising service fees (total)$0.00$0.00   
Assets and liabilities
Total assets$1,360,104.00$1,714,038.00$2,606,258.00$2,728,375.00$654,644.00
Total assets, beginning of year$1,714,038.00$1,697,712.00   
Total liabilities$1,075.00$0.00$0.00$15.00$0.00
Total liabilities, beginning of year $404.00   
Unrestricted net assets, end of yr$687,290.00$1,042,712.00   
Temporarily restricted net assets$671,739.00$671,326.00   
Net assets$1,359,029.00$1,714,038.00   
Net assets, beginning of year$1,714,038.00$1,697,308.00   
Cash: non-interest bearing$1,358,222.00$1,640,860.00   
Cash: non-interest bearing, beginning of year$1,640,860.00$1,624,834.00   
Other financial variables
Revenue less expenses-$355,010.00$16,730.00   
Accounts payable & accrued expenses$1,075.00    
Total net assets or fund balances$1,359,029.00$1,714,038.00   
Depreciation, depletion, amortization$1,394.00$1,304.00   
Governance and accountability
Number of voting members1313   
Number of independent voting members1313   
Financial sheets auditedTrueTrue   
Cash accountingTrueTrue   
Tax year start date2016-07-012015-07-01   
Tax year end date2017-06-012016-06-012014-06-012013-06-012012-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990   
Date e-filing submitted2018-05-162017-03-03   
IRS schema version2016v3.02015v2.1   
Filing identifier201801139349300225201603169349300705   
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