Lumber River Development Corp

Organization Overview

Lumber River Development Corp is located in Pembroke, NC. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lumber River Development Corp 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 06/2022, Lumber River Development Corp generated $51.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $77.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S EXEMPT PURPOSE IS TO HELP TO IMPROVE THE ECONOMIC DEVELOPMENT OF COMMUNITIES IN NORTH CAROLINA BY OBTAINING GRANTS AND OTHER FUNDING RESOURCES IN ORDER TO PROVIDE HOUSING AND WATER RESOURCES TO THESE COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE FUNDING FOR HOUSING AND WATER.


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Board, Officers & Key Employees

Name (title)Compensation
Robert L Conoly
Chairman
$0
David Kirby
Treasurer
$0
Owen Thomas
Second Vice-Chairman
$0
Angeline David
Vice-Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$24,638
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$24,638
Total Program Service Revenue$26,381
Investment income $3
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 $51,022

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lumber River Development Corp has recieved totaling $5,000.

Awarding OrganizationAmount
$5,000
View Grant Recipient Profile

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