NonprofitsValdese Economic Development Investment Corporation

Community Improvement & Capacity Building

Valdese Economic Development Investment Corporation

VALDESE, NC

Total revenue

$358K

Total expenses

$220K

Net assets

$1.4M

Grants received

$40K

2 grants

EIN

270301275

Tax year

2023

Mission

To engage in charitable and educational efforts and specifically support economic development and community development in valdese nc and burke county nc, thereby creating jobs, increasing the tax base, and improving quality of life in valdese nc and burke county nc

Financials

FY 2023

Revenue

Contributions & grants$114K
Program service revenue$229K
Investment income$14K
Other revenue
Total revenue$358K

Expenses

Grants paid
Salaries & benefits$117K
Fundraising
Other expenses$103K
Total expenses$220K
Total assets$3.9M
Net assets$1.4M

People

21 listed

NameRoleCompensation

KERRI POTEAT

DIRECTOR

Board

$76K

40 hrs/wk

JESSICA BARGSLEY

BOARDMEMBER

Board

1 hrs/wk

TIMOTHY BARUS

BOARDMEMBER

Board

1 hrs/wk

ROBERT BENFIELD

BOARDMEMBER

Board

1 hrs/wk

JOHN BRANSTROM

BOARDMEMBER

Board

1 hrs/wk

SETH ECKARD

BOARDMEMBER

Board

1 hrs/wk

KYLIE GERA

BOARDMEMBER

Board

1 hrs/wk

SHARON JABLONSKI

BOARDMEMBER

Board

1 hrs/wk

RICK JUSTICE

BOARDMEMBER

Board

1 hrs/wk

LILY LARAMIE

BOARDMEMBER

Board

1 hrs/wk

SHERY LONG

BOARDMEMBER

Board

1 hrs/wk

CLYDE MCSWAIN

BOARDMEMBER

Board

1 hrs/wk

SCOTT MULWEE

BOARDMEMBER

Board

1 hrs/wk

KAREN ROBINSON

BOARDMEMBER

Board

1 hrs/wk

ROBERT R ROBINSON

BOARDMEMBER

Board

1 hrs/wk

SUZANNE WALLACE

BOARDMEMBER

Board

1 hrs/wk

DONNA ZAMORA

BOARDMEMBER

Board

1 hrs/wk

JOHNNY BERRY

TREASURER

Board

2 hrs/wk

SHERRI BRADSHAW

SECRETARY

Board

2 hrs/wk

TONIA STEPHENSON

CHAIRMAN

Board

3 hrs/wk

MARLA THOMPSON

VICE CHAIR

Board

2 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$40K
EMERGENCY BUSINESS ASSISTANCE GRANT
2020
$102
EMPLOYEE MATCHING GIFTS
2020

Funded by

$40K from 2 funders · 2 grants · 2020

Appalachian Community Capital

$40K · 1 grant · 2020

Duke Energy Foundation

$102 · 1 grant · 2020

Details

EIN270301275
NTEE codeS32
Subsection03
Ruling date2012-07
Formed2008
Employees3
VALDESE ECONOMIC DEVELOPMENT INVESTMENT CORPORATION — Mission, Financials & Grants Received | Grantivo