Salisbury-Rowan County Economic Development Commission
- Assets
- $483.4k
- Revenue
- $615.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Salisbury, NC
- Founding
- 03/1986
- Data as of
- 12/2021
- EIN
- 56-1442745
Organization Overview
Salisbury-Rowan County Economic Development Commission is located in Salisbury, NC. The organization was established in 1986. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Salisbury-Rowan County Economic Development Commission employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salisbury-Rowan County Economic Development Commission is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Salisbury-Rowan County Economic Development Commission generated $615.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $490.9k during the year ending 12/2021. 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
PROMOTING ECONOMIC AND INDUSTRIAL DEVELOPMENT IN ROWAN COUNTY, NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED ECONOMIC AND INDUSTRIAL DEVELOPMENT IN ROWAN COUNTY, NORTH CAROLINA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Crider President & | OfficerTrustee | 40 | $92,474 |
Stephen Kidd Chairman | OfficerTrustee | 0 | $0 |
Bryan Overcash Vice-Chairma | OfficerTrustee | 0 | $0 |
Greg Edds Board Member | Trustee | 0 | $0 |
Luke Fisher Board Member | Trustee | 0 | $0 |
Tom Bost Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $490,162 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $615,162 |
| Total Program Service Revenue | $0 |
| Investment income | $110 |
| 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 | $615,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,950 |
| 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. | $92,474 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,088 |
| Pension plan accruals and contributions | $25,635 |
| Other employee benefits | $37,775 |
| Payroll taxes | $16,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,018 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,650 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,023 |
| Advertising and promotion | $19,969 |
| Office expenses | $8,767 |
| Information technology | $9,765 |
| Royalties | $0 |
| Occupancy | $6,620 |
| Travel | $6,613 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,970 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,912 |
| Insurance | $64 |
| All other expenses | $1,866 |
| Total functional expenses | $490,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,765 |
| Savings and temporary cash investments | $256,894 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $20,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $483,390 |
| Accounts payable and accrued expenses | $410 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $410 |
| Net assets without donor restrictions | $386,579 |
| Net assets with donor restrictions | $96,401 |
| 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 | $483,390 |
Grants Awarded
Over the last fiscal year, Salisbury-Rowan County Economic Development Commission has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHEWY PURPOSE: ECONOMIC DEVELOPMENT | $20,000 |
EASTERN WHOLESALE FENCE LLC PURPOSE: ECONOMIC DEVELOPMENT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Charleston Area Convention & Visitors Bureau Charleston, SC | $17,210,458 | $29,781,081 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Waccamaw Economic Opportunity Council Inc Conway, SC | $5,439,118 | $14,126,176 |