Nonprofit · EIN 27-2039206
SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC
Tax-exempt · SMITHFIELD, NC 27577
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $91,220 | $24,870 | $66,350 | $189,081 | – | $189,081 |
| December 31, 2024 | 990-EZ | $26,325 | $21,606 | $4,719 | $122,731 | – | $122,731 |
| December 31, 2023 | 990-EZ | $48,348 | $56,522 | -$8,174 | $118,012 | – | $118,012 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $78,745
- Investment income
- $475
- Other revenue
- $12,000
Expenses
- Grants and similar amounts paid
- $16,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $850
- Occupancy
- $4,984
- Other expenses
- $3,036
- Program services (functional)
- $21,842
Balance sheet and other
- Total assets, start of year
- $122,731
- Total assets, end of year
- $189,081
- Total liabilities, end of year
- –
- Net assets, end of year
- $189,081
- Cash, savings and investments
- $96,581
- Land and buildings
- $92,500
- Gross receipts
- $91,220
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM JENKINS | VICE-CHAIR | 1 | $0 |
| SUSAN LASSITER | SECRETARY | 1 | $0 |
| LEE BYRD | TREASURER | 1 | $0 |
| MARK MCDONNELL | BOARD CHAIR | 1 | $0 |
| KELLY WALLACE | PRESIDENT | 1 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM JENKINS | VICE-CHAIR | 1 | $0 |
| SUSAN LASSITER | BOARD CHAIR | 1 | $0 |
| MAUREEN MCGUINNESS | PRESIDENT | 1 | $0 |
| JOHN SCOVIL | TREASURER | 1 | $0 |
| BUD ANDREWS | BOARD MEMBER | 1 | $0 |
| NICHOLE BOOKER | BOARD MEMBER | 1 | $0 |
| STEVE HARGIS | BOARD MEMBER | 1 | $0 |
| KIMBERLY MITCHELL MCCULLERS | BOARD MEMBER | 1 | $0 |
| MARK MCDONNELL | BOARD MEMBER | 1 | $0 |
| KAREN MILLS | BOARD MEMBER | 1 | $0 |
| ZEKE POWELL | BOARD MEMBER | 1 | $0 |
| KELLY WALLACE | RECORDING SE | 1 | $0 |
990-EZ for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BUD ANDREWS | DIRECTOR | 0 | $0 |
| NICHOLE BOOKER | DIRECTOR | 0 | $0 |
| JIM JENKINS | DIRECTOR | 0 | $0 |
| MICHAEL JOHNSON | DIRECTOR | 0 | $0 |
| SUSAN LASSITER | BOARD CHAIR | 0 | $0 |
| MAUREEN MCGUINNESS | PRESIDENT | 0 | $0 |
| LAMAR ARMSTRONG | SECRETARY | 0 | $0 |
| GRAHAM NEVILLE | BOARD MEMBER | 0 | $0 |
| JOHN SCOVIL | TREASURER | 0 | $0 |
| KELLY WALLACE | RECORDING S | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 467, SMITHFIELD, NC 27577-0467
- Mailing address (990-N for 2017)
- P O BOX 467, Smithfield NC 27577
- Principal officer (990-N for 2017)
- MIKE MANCUSO, P O BOX 467, SMITHFIELD NC 27577
- Signed the 990-EZ
- KELLY WALLACE, PRESIDENT
- Return prepared by
- PEEDIN & SASSER CPAS PLLC
Mission
THE TRIANGLE EAST ECONOMIC DEVELOPMENT FOUNDATION WAS ESTABLISHED TO PROMOTE THE ECONOMIC WELL BEING OF THE TRIANGLE EAST REGION OF NORTH CAROLINA.THROUGH THE FOUNDATION WE CAN RAISE FUNDING TO HELP PROMOTE PROGRAMS AND PROJECTS THAT DEVELOP THE REGION INTO A NATIONALLY COMPETITIVE ,ECONOMICALLY DIVERSE, RELEVANT AND COLLABORTIVE COMMUNITY. THE FOUNDATION WAS FORMED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND ECONOMIC DEVELOPMENT FUNDRAISING TO SUPPORT CHAMBER AND COMMUNITY PROGRAMS.
Program accomplishments
- THE TRIANGLE EAST ECONOMIC DEVELOPMENT FOUNDATION WAS ESTABLISHED TO PROMOTE THE ECONOMIC WELL BEING OF THE TRIANGLE EAST REGION OF NORTH CAROLINA.THROUGH THE FOUNDATION WE CAN RAISE FUNDING TO HELP PROMOTE PROGRAMS AND PROJECTS THAT DEVELOP THE REGION INTO A NATIONALLY COMPETITIVE ,ECONOMICALLY DIVERSE, RELEVANT AND COLLABORTIVE COMMUNITY. THE FOUNDATION WAS FORMED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND ECONOMIC DEVELOPMENT FUNDRAISING TO SUPPORT CHAMBER AND COMMUNITY PROGRAMS.Expenses $21,842 · grants $16,000
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-2039206
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $189,081
- Income (IRS master file)
- $91,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $91,220 | $24,870 | $189,081 | XML |
| 990-EZ | December 2024 | $26,325 | $21,606 | $122,731 | XML |
| 990-EZ | December 2023 | $48,348 | $56,522 | $118,012 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: MIKE MANCUSO | December 31, 2017 | ≤ $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 27-2039206).
Questions about SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC
- What is the EIN of SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC is 27-2039206.
- Is SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC 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 SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC?
- The 990-N for 2017 names MIKE MANCUSO.
- Who are the officers and directors of SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does SMITHFIELD SELMA CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $91,220, expenses of $24,870 and total assets of $189,081 at year end.
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- JOHNSTON-LEE-HARNETT COMMUNITY ACTION INCORPORATED EIN 56-0859623 · last filed 990 for 2025
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All nonprofits in SMITHFIELD · North Carolina · Community improvement and capacity building