NonprofitsAlamance County Economic Development Foundation

Community Improvement & Capacity Building

Alamance County Economic Development Foundation

BURLINGTON, NC

Total revenue

$376K

Total expenses

$371K

Net assets

$1.5M

Grants received

$198K

9 grants

EIN

202384314

Tax year

2024

Mission

The mission of the foundation is to enhance the welfare of business and to promote and stimulate economic vitality in the alamance county area for the benefit of its members and the community.

Financials

FY 2024

Revenue

Contributions & grants$334K
Program service revenue
Investment income$42K
Other revenue
Total revenue$376K

Expenses

Grants paid$99K
Salaries & benefits$169K
Fundraising
Other expenses$103K
Total expenses$371K
Total assets$1.5M
Net assets$1.5M

People

11 listed

NameRoleCompensation

REAGAN GURAL

PRESIDENT

Board

5 hrs/wk

PATRICIA RHODES

TREASURER

Board

5 hrs/wk

DOUG HYMAN

PAST CHAIR

Board

5 hrs/wk

ED HOOKS

DIRECTOR

Board

1 hrs/wk

GRIFFIN MCCLURE

CHAIR

Board

5 hrs/wk

GREG LUNSFORD

DIRECTOR

Board

1 hrs/wk

TED CHANDLER

DIRECTOR

Board

1 hrs/wk

TOM MCGOWEN

DIRECTOR - NON-VOTING

Board

1 hrs/wk

PATRICK NOLTEMEYER

DIRECTOR

Board

1 hrs/wk

MARTA MOOS

DIRECTOR

Board

1 hrs/wk

RYAN MOFFITT

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$6K
PROGRAM ASSISTANCE
2024
$50K
DIGITAL INCLUSION, APPRENTICESHIPS AND WORK-BASED LEARNING
2023
$50K
GENERAL SUPPORT
2022
$12K
GENERAL SUPPORT
2022
$5K
TO FUND EDUCATORS.
2022
$5K
INVEST IN ALAMANCE 2.0
2022
$10K
CHARITABLE GIFT
2020
$10K
TO FUND EDUCATORS.
2020
$50K
2018 INVEST IN ALAMANCE PLEDGE
2017

Funded by

$198K from 6 funders · 9 grants · 2017–2024

The Labcorp Charitable Foundation

$112K · 3 grants · 2022–2023

Moses H Cone Memorial Hospital

$50K · 1 grant · 2017

The Troon Foundation

$15K · 2 grants · 2020–2022

Foundation For The Carolinas

$10K · 1 grant · 2020

Alamance Community Foundation

$6K · 1 grant · 2024

Details

EIN202384314
NTEE codeS30
Subsection03
Ruling date2006-05
Formed2005
Employees0
Volunteers11
ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION — Mission, Financials & Grants Received | Grantivo