Nonprofit · EIN 26-2016762
SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · LAURINBURG, NC 28352
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,873,357 | $400,470 | $2,472,887 | $11,246,975 | $1,930,367 | $9,316,608 |
| June 30, 2024 | 990 | $911,492 | $276,119 | $635,373 | $7,995,316 | $1,151,595 | $6,843,721 |
| June 30, 2023 | 990 | $2,904,180 | $359,022 | $2,545,158 | $8,011,390 | $1,803,042 | $6,208,348 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,547,457
- of which government grants
- $2,498,407
- Membership dues
- $48,050
- Program service revenue
- $0
- Investment income
- $86,052
- Net rental income
- $239,848
- Other revenue
- $239,848
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $827
- Program services (functional)
- $266,138
- Management and general (functional)
- $134,332
Balance sheet and other
- Total assets, start of year
- $7,995,316
- Total assets, end of year
- $11,246,975
- Total liabilities, end of year
- $1,930,367
- Net assets, end of year
- $9,316,608
- Land, buildings and equipment
- $8,692,426
- Net assets without donor restrictions
- $6,602,033
- Net assets with donor restrictions
- $2,714,575
- Gross receipts
- $2,873,357
- Employees
- 0
- Year formed
- 2008
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Jeffrey McKay | President Officer | 50 | $0 | $35,979 |
| Seth Hatchell | Ex-Officio Trustee or director | 1 | $0 | $0 |
| Tim Ivey | Director Trustee or director, Officer | 1 | $0 | $0 |
| Chris English | Ex-Officio Trustee or director | 1 | $0 | $0 |
| Jim Willis | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Lee Howell | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Thomas Ammons | Director Trustee or director | 1 | $0 | $0 |
| Duke Williams | Director Trustee or director | 1 | $0 | $0 |
| Andrew Williamson | Director Trustee or director | 1 | $0 | $0 |
| Ed O'Neal | Director Trustee or director | 1 | $0 | $0 |
| Charles Nichols | Secretary Officer | 1 | $0 | $0 |
| April Snead | Vice Secretary Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Mark Ward | Executive Dir. Officer | 50 | $0 | $120,880 |
| Tim Ivey | Director Trustee or director | 1 | $0 | $0 |
| Lee Howell | Vice Chair Trustee or director | 1 | $0 | $0 |
| April Snead | Vice Secretary Trustee or director | 1 | $0 | $0 |
| Thomas Ammons | Director Trustee or director | 1 | $0 | $0 |
| Duke Williams | Director Trustee or director | 1 | $0 | $0 |
| Andrew Williamson | Director Trustee or director | 1 | $0 | $0 |
| Ed O'Neal | Director Trustee or director | 1 | $0 | $0 |
| Charles Nichols | Secretary Officer | 1 | $0 | $0 |
| Beth Hobbs | Treasurer Officer | 1 | $0 | $0 |
| Jim Willis | Chairman Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Mark Ward | Executive Dir. Officer | 50 | $0 | $101,086 |
| Tim Ivey | Director Trustee or director | 1 | $0 | $0 |
| John Alford | Director Trustee or director | 1 | $0 | $0 |
| Jim Willis | Director Trustee or director | 1 | $0 | $0 |
| Lee Howell | Director Trustee or director | 1 | $0 | $0 |
| April Snead | Vice Secretary Trustee or director | 1 | $0 | $0 |
| Thomas Ammons | Director Trustee or director | 1 | $0 | $0 |
| Andrew Williamson | Vice Chairman Trustee or director | 1 | $0 | $0 |
| Whit Gibson | Chairman Officer | 1 | $0 | $0 |
| Charles Nichols | Secretary Officer | 1 | $0 | $0 |
| Beth Hobbs | Treasurer Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 517 PEDEN ST, LAURINBURG, NC 28352-3707
- In care of
- % KEVIN PATTERSON
- Mailing address (990-N for 2011)
- PO Box 489, Laurinburg NC 28353
- Principal officer (990-N for 2011)
- Greg Icard, PO Box 489, Laurinburg NC 28353
- Signed the 990
- Jeffrey McKay, President
- Phone
- (910) 266-4326
- Website
- www.scotlandcountyedc.org
- Return prepared by
- Roche Head & Associates PLLC
Mission
To promote the growth of the local economy of Scotland County and City of Laurinburg through job creation, the investment in business property and infrastructure to facilitate economic growth and job creation.
Program accomplishments
- Promoted the growth of the economy of Scotland County and City of Laurinburg through job creation, the investment in business property and development and investment in infrastructure to facilitate economic growth and improve the general welfare of all citizens of Scotland County and the City of Laurinburg.Expenses $266,138 · grants $2,547,457 · revenue $2,873,357
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-2016762
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J990)
- Assets (IRS master file)
- $11,246,975
- Income (IRS master file)
- $2,873,357
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,873,357 | $400,470 | $11,246,975 | XML |
| 990 | June 2024 | $911,492 | $276,119 | $7,995,316 | XML |
| 990 | June 2023 | $2,904,180 | $359,022 | $8,011,390 | XML |
| 990 | June 2022 | $568,214 | $267,954 | $5,488,276 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Greg Icard | June 30, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2016762).
Questions about SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION is 26-2016762.
- Is SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990-N for 2011 names Greg Icard.
- Who are the officers and directors of SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does SCOTLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,873,357, expenses of $400,470 and total assets of $11,246,975 at year end.
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