East Carolina Development Company Inc in Kinston, North Carolina (NC)
Table of contents:
| East Carolina Development Company Inc | |
| Employer Identification Number (EIN) | 562044953 |
| Name of Organization | East Carolina Development Company Inc |
| In Care of Name | Stephen Laroque |
| Address | 1136 Hwy 258 N Suite 103, Kinston, NC 28504-8304 |
| Activities | Described in section 509(a)(2) of the Code, Loans or credit reporting |
| Subsection | Charitable Organization |
| Ruling Date | 06/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $4,504,885 |
| Amount of Income | $181,661 |
| Form 990 Revenue Amount | $181,661 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs |
Non-representatives - add comments:
Amount of income in 2012: $181,661 (it was $170,690 in 2011)
| This organization: | $181,661 |
| Other organizations performing similar types of work: | $127,010 |
Assets in 2012: $4,504,885 (it was $5,635,070 in 2011)
| East Carolina Development Company Inc: | $4,504,885 |
| Other organizations performing similar types of work: | $83,317 |
Expenses in 2012: $918,230
| This organization: | $918,230 |
| Other organizations performing similar types of work: | $154,560 |
Income to expenses ratio in 2012: 0.2
| East Carolina Development Company Inc: | 0.2 |
| Other organizations performing similar types of work: | 1.1 |
Number of employees in 2012: 2
| This organization: | 2 |
| Other organizations performing similar types of work: | 3 |
Grants share in income in 2012: 0.0%
| East Carolina Development Company Inc: | 0.0% |
| Other organizations performing similar types of work: | 40.6% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $181,661 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $181,085 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $0 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $576 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $918,230 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $105,950 |
| Payroll taxes | $8,126 |
| Professional fundraising services | $0 |
| Other | $804,154 |
| Balance Sheet (for 2012) | |
| Total assets | $4,504,885 |
| Total liabilities | $4,843,545 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $4,786,916 |
| Other | $56,629 |
| Total net assets or fund balances | $-338,660 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $101,651 |
| Gifts, grants, contributions, and membership fees received | $35 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $101,616 |
| Gross receipts from related activities, etc. | $181,661 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Craft3 Investment I Llc | PO BOX 826, Ilwaco, WA 98624-0826 | WA | 1995-07 | $18,154,406 |
| 2 | Masschallenge | 21 Dry Dock Ave 6th Flr, Boston, MA 02210-2384 | MA | 2010-04 | $4,959,384 |
| 3 | Western North Carolina Regional Economic Development Non-Profit Co | 134 Wright Brothers Way, Fletcher, NC 28732-7808 | NC | 1996-02 | $2,225,305 |
| 4 | Executive Services Corps Of The | 1900 Selwyn Ave, Charlotte, NC 28274-0001 | NC | 2005-04 | $216,577 |
| 5 | Foothills Connect Business And Technology Inc | PO BOX 37, Spindale, NC 28160-0037 | NC | 2006-06 | $195,712 |
| 6 | East Carolina Development Company Inc | 1136 Hwy 258 N Suite 103, Kinston, NC 28504-8304 | NC | 1998-06 | $181,661 |
| 7 | Bayboro Development Center Inc | PO BOX 73, Bayboro, NC 28515-0073 | NC | 2002-07 | $166,591 |
| 8 | Academy For Self-Discovery Leadership | 2210 Newton Dr, Statesville, NC 28677-4850 | NC | 2013-08 | $92,058 |
| 9 | Greensboro Community Development Fund | 342 North Elm Street, Greensboro, NC 27401-2141 | NC | 1999-04 | $78,157 |
| 10 | Roanoke Avenue Business Alliance Inc | PO BOX 1227, Roanoke Rapid, NC 27870-7027 | NC | 2010-02 | $52,886 |
| 11 | N C Minoritywomen Business Enterprise Coordinators Network | PO BOX 1856, Raleigh, NC 27602-1856 | NC | 2001-12 | $27,794 |
| 12 | Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc | 301 N Main St Ste 2221, Winston Salem, NC 27101-3819 | NC | 1994-08 | $13,689 |
| 13 | Edgecombe Entrepreneur Organization | 129 Nc 111 And 122 S, Tarboro, NC 27886 | NC | 2000-11 | $0 |
| 14 | Evening Farmers Market Inc | 732 Mills Garden Road, Statesville, NC 28625 | NC | 2014-12 | $0 |
| 15 | Fayetteville Area Society For Human Resource Management | Po Box 877785, Fayetteville, NC 28304 | NC | 2007-05 | $0 |
| 16 | Ministerio El Puente | 201 Byswick Pl, Charlotte, NC 28270 | NC | 2007-02 | $0 |
| 17 | North Carolina Quality Care Provider Association, Ncqcpa | 305 S Westgate Dr Ste A, Geensboro, NC 27407-1641 | NC | 2010-12 | $0 |
| 18 | Rutherford Microentrepreneur Association | Po Box 1528, Rutherfordton, NC 28139 | NC | 2009-08 | $0 |
| 19 | Sedc Inc | PO BOX 921, Elizabeth, NC 28337-0921 | NC | 2007-03 | $0 |
| 20 | Seeds Foundation Incorporated | 342 N Elm St Ste 200, Greensboro, NC 27401-2141 | NC | 2000-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 518 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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