Yadkin Valley Economic Development District Inc
- Assets
- $6.0m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 262
- Location
- Boonville, NC
- Founding
- 03/1966
- Data as of
- 06/2021
- EIN
- 56-0851147
Organization Overview
Yadkin Valley Economic Development District Inc is located in Boonville, NC. The organization was established in 1966. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2021, Yadkin Valley Economic Development District Inc employed 262 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yadkin Valley Economic Development District Inc 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 06/2021, Yadkin Valley Economic Development District Inc generated $11.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $10.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF YVEDDI IS TO PROVIDE QUALITY PROGRAMS AND SERVICES TO ALLEVIATE THE CAUSES AND CONDITIONS OF POVERTY AND TO ENHANCE THE QUALITY OF LIFE FOR LOW INCOME AND ELDERLY CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YVEDDI IS ENGAGED IN PROVIDING NON-URBAN TRANSPORTATION SERVICES FOR THE FOUR COUNTY AREA. THE TRANSPORTATION SERVICES PROVIDED ARE CONDUCTED USING GRANT FUNDING AND CONTRACTS FROM FEDERAL, STATE AND LOCAL SOURCES AS WELL AS FEES CHARGED FOR SERVICES PROVIDED TO ELIGIBLE INDIVIDUALS.
YVEDDI IS ENGAGED IN PROVIDING EARLY LEARNING OPPORTUNITIES TO ELIGIBLE PARTICIPANTS IN THE FOUR COUNTY AREA. THE SERVICES ARE PROVIDED UNDER HEAD START GRANTS AND LOCAL AND STATE CONTRACTS.
YVEDDI PROVIDES CHILD AND ELDERLY NUTRITION SERVICES TO ELIGIBLE PARTICIPANTS IN THE FOUR COUNTY AREA. THESE SERVICES ARE PROVIDED UNDER THE USDA CHILD AND ADULT FOOD PROGRAMS, USDA COMMODITY FOODS AND THE US DHHS TITLE III, PART C ELDERLY NUTRITION PROGRAMS.
CSBG SELF-SUFFICIENCY PROGRAM; QAA TITLE III, A & B; SENIOR CENTER OPERATIONS (5 CENTERS); WEATHERIZATION ASSISTANCE PROGRAM; WAP/HARP; RSVP ELDERLY VOLUNTEER SERVICES; DOMESTIC VIOLENCE-EDUCATION AND PREVENTION; FEMA.
YVEDDI IS ENGAGED IN PROVIDING NON-URBAN TRANSPORTATION SERVICES FOR THE FOUR COUNTY AREA. THE TRANSPORTATION SERVICES PROVIDED ARE CONDUCTED USING GRANT FUNDING AND CONTRACTS FROM FEDERAL, STATE AND LOCAL SOURCES AS WELL AS FEES CHARGED FOR SERVICES PROVIDED TO ELIGIBLE INDIVIDUALS.
YVEDDI IS ENGAGED IN PROVIDING EARLY LEARNING OPPORTUNITIES TO ELIGIBLE PARTICIPANTS IN THE FOUR COUNTY AREA. THE SERVICES ARE PROVIDED UNDER HEAD START GRANTS AND LOCAL AND STATE CONTRACTS.
YVEDDI PROVIDES CHILD AND ELDERLY NUTRITION SERVICES TO ELIGIBLE PARTICIPANTS IN THE FOUR COUNTY AREA. THESE SERVICES ARE PROVIDED UNDER THE USDA CHILD AND ADULT FOOD PROGRAMS, USDA COMMODITY FOODS AND THE US DHHS TITLE III, PART C ELDERLY NUTRITION PROGRAMS.
CSBG SELF-SUFFICIENCY PROGRAM; QAA TITLE III, A & B; SENIOR CENTER OPERATIONS (5 CENTERS); WEATHERIZATION ASSISTANCE PROGRAM; WAP/HARP; RSVP ELDERLY VOLUNTEER SERVICES; DOMESTIC VIOLENCE-EDUCATION AND PREVENTION; FEMA.
YVEDDI IS ENGAGED IN PROVIDING NON-URBAN TRANSPORTATION SERVICES FOR THE FOUR COUNTY AREA. THE TRANSPORTATION SERVICES PROVIDED ARE CONDUCTED USING GRANT FUNDING AND CONTRACTS FROM FEDERAL, STATE AND LOCAL SOURCES AS WELL AS FEES CHARGED FOR SERVICES PROVIDED TO ELIGIBLE INDIVIDUALS.
YVEDDI IS ENGAGED IN PROVIDING EARLY LEARNING OPPORTUNITIES TO ELIGIBLE PARTICIPANTS IN THE FOUR COUNTY AREA. THE SERVICES ARE PROVIDED UNDER HEAD START GRANTS AND LOCAL AND STATE CONTRACTS.
YVEDDI PROVIDES CHILD AND ELDERLY NUTRITION SERVICES TO ELIGIBLE PARTICIPANTS IN THE FOUR COUNTY AREA. THESE SERVICES ARE PROVIDED UNDER THE USDA CHILD AND ADULT FOOD PROGRAMS, USDA COMMODITY FOODS AND THE US DHHS TITLE III, PART C ELDERLY NUTRITION PROGRAMS.
CSBG SELF-SUFFICIENCY PROGRAM; QAA TITLE III, A & B; SENIOR CENTER OPERATIONS (5 CENTERS); WEATHERIZATION ASSISTANCE PROGRAM; WAP/HARP; RSVP ELDERLY VOLUNTEER SERVICES; DOMESTIC VIOLENCE-EDUCATION AND PREVENTION; FEMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Payne Executive Director | Officer | 40 | $77,720 |
Eddie Harris Vice Chair | OfficerTrustee | 5 | $0 |
Jim Brown Treasurer | OfficerTrustee | 5 | $0 |
Mike Crouse Chaplain | OfficerTrustee | 5 | $0 |
Sylvia Jessup Secretary | OfficerTrustee | 5 | $0 |
Mickey Cartner Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,797,770 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,014,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,811,784 |
| Total Program Service Revenue | $1,973,942 |
| Investment income | $2,171 |
| 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 | $11,787,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,257 |
| Compensation of current officers, directors, key employees. | $86,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,020,987 |
| Pension plan accruals and contributions | $44,780 |
| Other employee benefits | $994,031 |
| Payroll taxes | $358,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $509,941 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $414,970 |
| Travel | $1,520,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $697,727 |
| Insurance | $188,720 |
| All other expenses | $750,217 |
| Total functional expenses | $10,851,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,536,243 |
| Pledges and grants receivable | $856,764 |
| Accounts receivable, net | $154,030 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $210,370 |
| Net Land, buildings, and equipment | $2,252,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,009,436 |
| Accounts payable and accrued expenses | $770,791 |
| Grants payable | $0 |
| Deferred revenue | $10,921 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $188,511 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $237,050 |
| Total liabilities | $1,207,273 |
| Net assets without donor restrictions | $839,971 |
| Net assets with donor restrictions | $3,962,192 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,009,436 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Yadkin Valley Economic Development District Inc has recieved totaling $593,573.
| Awarding Organization | Amount |
|---|---|
The East Coast Migrant Head Start Project Raleigh, NC PURPOSE: TO PROVIDE SUBCONTRACTS FOR PROVISION OF MIGRANT HEAD START SERVICES | $352,180 |
Surry County Early Childhood Partnership Inc Mount Airy, NC PURPOSE: Pre-K Program | $194,669 |
United Fund Of Surry Inc Mount Airy, NC PURPOSE: AGENCY FUNDING | $30,000 |
United Fund Of Surry Inc Mount Airy, NC PURPOSE: AGENCY FUNDING | $10,000 |
United Fund Of Stokes County Inc Danbury, NC PURPOSE: LOCAL FIN SUPP | $6,540 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $184 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Palmetto Goodwill North Charleston, SC | $100,114,143 | $50,949,954 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Inter-Faith Food Shuttle Raleigh, NC | $8,299,507 | $23,329,525 |
Total Action Against Poverty In Roanoke Valley Roanoke, VA | $8,696,425 | $23,450,227 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |
Society Of St Vincent De Paul Georgia Inc Atlanta, GA | $8,206,515 | $23,990,110 |