2025-07-29T09:12:55-04:00 2024-06-30 561743537 LANGDON & COMPANY LLP 223 US HIGHWAY 70 EAST SUITE 100 GARNER NC 275294051 990 2023-07-01 800667463 GARNER ECONOMIC DEVELOPMENT CORPORATION GARN 9197734431 PO BOX 1956 GARNER NC 27529 JEFF SWAIN CHAIRMAN 9197734431 2025-07-29 true true SUSAN DEAN P01281194 9196621001 2025-07-29 2023 2025-03-06 01:10:19Z JEFF SWAIN PO BOX 1956 GARNER NC 27529 197070 false X WWW.CHOOSEGARNERNC.COM X 2010 NC THE GEDC (GARNER ECONOMIC DEVELOPMENT CORPORATION) IS AN ECONOMIC DEVELOPMENT NON-PROFIT ORGANIZATION THAT IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF ALL GARNER RESIDENTS THROUGH BUSINESS RECRUITMENT, SUPPORTING ENTREPRENEURSHIP AND THE RETENTION OF EXISTING EMPLOYERS. THE GEDC IS LED BY A SIX-MEMBER BOARD OF DIRECTORS. THE BOARD ADVISES THE TOWN COUNCIL AND WORKS WITH LOCAL LEADERS TO PROMOTE AND FURTHER THE TOWN OF GARNER'S ECONOMIC DEVELOPMENT INTERESTS. 6 6 0 0 45000 0 137469 14601 197070 1236 0 0 0 0 32474 33710 163360 3420039 3632631 139 139 3419900 3632492 X THE GEDC (GARNER ECONOMIC DEVELOPMENT CORPORATION) IS AN ECONOMIC DEVELOPMENT NON-PROFIT ORGANIZATION THAT IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF ALL GARNER RESIDENTS THROUGH BUSINESS RECRUITMENT, SUPPORTING ENTREPRENEURSHIP AND THE RETENTION OF EXISTING EMPLOYERS. THE GEDC IS LED BY A SIX-MEMBER BOARD OF DIRECTORS. 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THE BOARD ADVISES THE TOWN COUNCIL AND WORKS WITH LOCAL LEADERS TO PROMOTE AND FURTHER THE TOWN OF GARNER'S ECONOMIC DEVELOPMENT INTERESTS. 11158 true true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1 0 true 0 false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true false false false false false X NATE GROOVER 9197734431 PO BOX 1956 GARNER NC 27529 X JEFF SWAIN CHAIRMAN 1.00 X 0 0 0 ELMO VANCE BOARD MEMBER 1.00 X 0 0 0 BUCK KENNEDY BOARD MEMBER 1.00 X 0 0 0 MEGAN PUMAREJO TREASURER 1.00 X 0 0 0 BILL MOYER SECRETARY 1.00 X 0 0 0 KEVIN PAYNE BOARD MEMBER 1.00 X 0 0 0 false false false 45000 45000 108553 108553 14601 14601 14601 14601 28916 28916 28916 28916 197070 28916 123154 1236 1236 9972 9972 9865 9865 811 811 2585 2585 2523 2523 PROPERTY TAXES 6588 6588 BANK FEES 130 130 33710 11158 22552 0 78071 24774 1163713 436567 542 92989 1869316 2752855 308397 325446 3420039 3632631 139 139 139 139 X 3419900 3632492 3419900 3632492 3420039 3632631 163360 49232 X false false false X 45000 49500 685312 45000 45000 869812 45000 49500 685312 45000 45000 869812 869812 77972 60431 31133 55875 123154 348565 1218377 0.71390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED LAND - THARRINGTON ROAD 231794 LAND - 4575 JONES SAUSAGE ROAD 67689 ACCRUED INTEREST RECEIVABLE 23349 LAND - THARRINGTON ROAD WETLAND 1880 DUE DILIGENCE 500 FEDERAL TAX LIABILITY 234 325446 246302 49232 49232 197070 197070 33710 33710 33710 FORM 990 - ORGANIZATION'S MISSION THE GEDC (GARNER ECONOMIC DEVELOPMENT CORPORATION) IS AN ECONOMIC DEVELOPMENT NON-PROFIT ORGANIZATION THAT IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF ALL GARNER RESIDENTS THROUGH BUSINESS RECRUITMENT, SUPPORTING ENTREPRENEURSHIP AND THE RETENTION OF EXISTING EMPLOYERS. THE GEDC IS LED BY A SIX-MEMBER BOARD OF DIRECTORS. THE BOARD ADVISES THE TOWN COUNCIL AND WORKS WITH LOCAL LEADERS TO PROMOTE AND FURTHER THE TOWN OF GARNER'S ECONOMIC DEVELOPMENT INTERESTS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 WILL BE REVIEWED AND APPROVED BY ALL DIRECTORS PRIOR TO BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C IT IS THE ORGANIZATION'S POLICY THAT EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: -HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY -HAS READ AND UNDERSTANDS THE POLICY -HAS AGREED TO COMPLY WITH THE POLICY AND -UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PAGE 6, PART VI, LINE 15A A COMPENSATION POLICY WAS NOT ESTABLISHED FOR THE YEAR-ENDED 6/30/24 AS THERE WERE NO PAID EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.