Nonprofit · EIN 26-4731595
COMMUNITY DEVELOPMENT FOUNDATION
Tax-exempt (reinstated) · FAYETTEVILLE, NC 28301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,399,228 | $475,990 | $1,923,238 | $7,368,636 | $5,005,605 | $2,363,031 |
| June 30, 2024 | 990 | $198,809 | $125,785 | $73,024 | $2,713,400 | $2,500,000 | $213,400 |
| June 30, 2023 | 990 | $91,965 | $69,848 | $22,117 | $2,640,376 | $2,500,000 | $140,376 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,255,142
- Program service revenue
- $0
- Investment income
- $144,086
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $465,414
- Management and general (functional)
- $10,576
Balance sheet and other
- Total assets, start of year
- $2,713,400
- Total assets, end of year
- $7,368,636
- Total liabilities, end of year
- $5,005,605
- Net assets, end of year
- $2,363,031
- Land, buildings and equipment
- $1,955,997
- Net assets without donor restrictions
- $2,363,031
- Gross receipts
- $2,399,228
- Employees
- 0
- Volunteers
- 24
- Year formed
- 2009
- 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 |
|---|---|---|---|
| SAM BLATT | DIRECTOR Trustee or director | – | $0 |
| CHRIS BOSTOCK | DIRECTOR Trustee or director | – | $0 |
| DOHN BROADWELL | DIRECTOR Trustee or director | – | $0 |
| MARTY CAYTON | DIRECTOR Trustee or director | – | $0 |
| MAC HEALY | DIRECTOR Trustee or director | – | $0 |
| BILL HEDGEPETH | DIRECTOR Trustee or director | – | $0 |
| LOU HUDDLESON | DIRECTOR Trustee or director | – | $0 |
| RALPH HUFF | DIRECTOR Trustee or director | – | $0 |
| FERD IRIZARRY | DIRECTOR Trustee or director | – | $0 |
| EDDIE MASSENGALE | DIRECTOR Trustee or director | – | $0 |
| JOHN MCCAULEY | CHAIRMAN Trustee or director, Officer | – | $0 |
| DAVID MCNEILL | DIRECTOR Trustee or director | – | $0 |
| JOHN NELMS | DIRECTOR Trustee or director | – | $0 |
| ANDREW PENNINK | VICE CHAIR Trustee or director, Officer | – | $0 |
| TIM RICHARDSON | DIRECTOR Trustee or director | – | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM SABIR | DIRECTOR Trustee or director | – | $0 |
| RAJAN SHAMDASANI | DIRECTOR Trustee or director | – | $0 |
| VIVEK TANDON | TREASURER Trustee or director, Officer | – | $0 |
| RONNIE THOMPSON | DIRECTOR Trustee or director | – | $0 |
| TAMMY THURMAN | DIRECTOR Trustee or director | – | $0 |
| TAMMY THURMAN | DIRECTOR Trustee or director | – | $0 |
| PALMER WILLIAMS | DIRECTOR Trustee or director | – | $0 |
| ZACK ZEIGLER | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAM BLATT | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS BOSTOCK | DIRECTOR Trustee or director | 1 | $0 |
| DOHN BROADWELL | DIRECTOR Trustee or director | 1 | $0 |
| MARTY CAYTON | DIRECTOR Trustee or director | 1 | $0 |
| MAC HEALY | DIRECTOR Trustee or director | 1 | $0 |
| BILL HEDGEPETH | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES HORNE | DIRECTOR Trustee or director | 1 | $0 |
| LOU HUDDLESTON | DIRECTOR Trustee or director | 1 | $0 |
| RALPH HUFF | DIRECTOR Trustee or director | 1 | $0 |
| FERD IRIZARRY | DIRECTOR Trustee or director | – | $0 |
| EDDIE MASSENGALE | DIRECTOR Trustee or director | 1 | $0 |
| JOHN MCCAULEY | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DAVID MCNEILL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN NELMS | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW PENNINK | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| TIM RICHARDSON | DIRECTOR Trustee or director | 1 | $0 |
| JACK ROSTETTER | DIRECTOR Trustee or director | 1 | $0 |
| TIM SABIR | DIRECTOR Trustee or director | 1 | $0 |
| RAJAN SHAMDASANI | DIRECTOR Trustee or director | 1 | $0 |
| VIVEK TANDON | TREASURER Trustee or director, Officer | 1 | $0 |
| RONNIE THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| TAMMY THURMAN | DIRECTOR Trustee or director | 1 | $0 |
| PALMER WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| ZACK ZEIGLER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAM BLATT | DIRECTOR Trustee or director | – | $0 |
| CHRIS BOSTOCK | DIRECTOR Trustee or director | – | $0 |
| DOHN BROADWELL | DIRECTOR Trustee or director | – | $0 |
| MARTY CAYTON | DIRECTOR Trustee or director | – | $0 |
| MAC HEALY | DIRECTOR Trustee or director | – | $0 |
| BILL HEDGEPETH | DIRECTOR Trustee or director | – | $0 |
| CHARLES HORNE | DIRECTOR Trustee or director | – | $0 |
| LOU HUDDLESTON | DIRECTOR Trustee or director | – | $0 |
| RALPH HUFF | DIRECTOR Trustee or director | – | $0 |
| FERD IRIZARRY | DIRECTOR Trustee or director | – | $0 |
| EDDIE MASSENGALE | DIRECTOR Trustee or director | – | $0 |
| JOHN MCCAULEY | CHAIRMAN Trustee or director, Officer | – | $0 |
| DAVID MCNEILL | DIRECTOR Trustee or director | – | $0 |
| JOHN NELMS | DIRECTOR Trustee or director | – | $0 |
| ANDREW PENNINK | VICE CHAIR Trustee or director, Officer | – | $0 |
| TIM RICHARDSON | DIRECTOR Trustee or director | – | $0 |
| JACK ROSTETTER | DIRECTOR Trustee or director | – | $0 |
| TIM SABIR | DIRECTOR Trustee or director | – | $0 |
| RAJAN SHAMDASANI | DIRECTOR Trustee or director | – | $0 |
| VIVEK TANDON | TREASURER Trustee or director, Officer | – | $0 |
| RONNIE THOMPSON | DIRECTOR Trustee or director | – | $0 |
| TAMMY THURMAN | DIRECTOR Trustee or director | – | $0 |
| PALMER WILLIAMS | DIRECTOR Trustee or director | – | $0 |
| ZACK ZEIGLER | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 611 W RUSSELL ST, FAYETTEVILLE, NC 28301-5453
- In care of
- % ROBERT VAN GEONS
- Mailing address (990-N for 2021)
- 201 HAY STREET STE 401 A, FAYETTEVILLE NC 28301
- Principal officer (990 for 2024)
- JOHN MCCAULEY
- Principal officer (990-N for 2021)
- KELVIN FARMER, 201 HAY STREET STE 401 A, FAYETTEVILLE NC 28301
- Signed the 990
- JOHN MCCAULEY, CHAIRMAN
- Phone
- (910) 500-6464
- Website
- WWW.FAYCDF.ORG
- Return prepared by
- NORMAN BASS & PARNELL CPAS PLLC
Mission
ECONOMIC DEVELOPMENT IN FAYETTEVILLE NC AND CUMBERLAND COUNTY.
Program accomplishments
- THE ORGANIZATION IS ENGAGING IN ECONOMIC DEVELOPMENT ACTIVITIES INTENDED TO INCREASE THE TAX BASE OR CREAT JOBS IN THE CITY OF FAYETTEVILLE AND CUMBERLAND COUNTY.Expenses $465,414
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
- 26-4731595
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A01)
- Assets (IRS master file)
- $7,368,636
- Income (IRS master file)
- $2,399,228
Revocation and reinstatement
- Exemption revoked
- November 15, 2018
- Posted by the IRS
- March 11, 2019
- Reinstated
- Effective June 15, 2020
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,399,228 | $475,990 | $7,368,636 | XML |
| 990 | June 2024 | $198,809 | $125,785 | $2,713,400 | XML |
| 990 | June 2023 | $91,965 | $69,848 | $2,640,376 | XML |
| 990-N for 2021 Officer: KELVIN FARMER | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: JOHN MCCAULEY | June 30, 2021 | ≤ $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 26-4731595).
Questions about COMMUNITY DEVELOPMENT FOUNDATION
- What is the EIN of COMMUNITY DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of COMMUNITY DEVELOPMENT FOUNDATION is 26-4731595.
- Is COMMUNITY DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2018 and reinstated it effective June 15, 2020.
- Are donations to COMMUNITY DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY DEVELOPMENT FOUNDATION 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 COMMUNITY DEVELOPMENT FOUNDATION 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 COMMUNITY DEVELOPMENT FOUNDATION 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 COMMUNITY DEVELOPMENT FOUNDATION?
- The 990 for the year ended June 30, 2025 names JOHN MCCAULEY.
- Who are the officers and directors of COMMUNITY DEVELOPMENT FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 23 people; 0 received compensation from the organization.
- How much revenue does COMMUNITY DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,399,228, expenses of $475,990 and total assets of $7,368,636 at year end.
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