Nonprofit · EIN 56-1195680
CATAWBA COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · HICKORY, NC 28602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,006,604 | $1,007,861 | -$1,257 | $505,120 | $229,042 | $276,078 |
| June 30, 2024 | 990 | $1,215,852 | $1,261,828 | -$45,976 | $498,899 | $221,564 | $277,335 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $988,666
- of which government grants
- $843,278
- Program service revenue
- $0
- Investment income
- $17,938
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $225,847
- Other salaries and wages
- $328,297
- Salaries, compensation and benefits (total)
- $695,612
- Professional fundraising fees
- $0
- Accounting fees
- $14,240
- Occupancy
- $14,508
- Travel
- $5,081
- Depreciation
- $4,597
- Program services (functional)
- $687,358
- Management and general (functional)
- $320,503
Balance sheet and other
- Total assets, start of year
- $498,899
- Total assets, end of year
- $505,120
- Total liabilities, end of year
- $229,042
- Net assets, end of year
- $276,078
- Land, buildings and equipment
- $22,337
- Net assets without donor restrictions
- $162,681
- Net assets with donor restrictions
- $113,397
- Gross receipts
- $1,006,604
- Employees
- 6
- Year formed
- 1977
- 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 |
|---|---|---|---|
| SCOTT MILLAR | PRESIDENT Officer | 40 | $225,847 |
990 for the year ended June 30, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT MILLAR | PRESIDENT Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1960 13TH AVENUE DR SE STE B, HICKORY, NC 28602-5166
- In care of
- % SCOTT L MILLAR
- Principal officer (990 for 2024)
- SCOTT MILLAR, PO BOX 3388, HICKORY, NC 28603
- Signed the 990
- SCOTT L MILLAR, PRESIDENT
- Phone
- (828) 267-1564
- Website
- WWW.CATAWBAEDC.ORG
- Return prepared by
- ROBERT M PEGG CPA PLLC
Mission
ENCOURAGE THE INDUSTRIAL AND COMMERCIAL GROWTH OF CATAWBA COUNTY
Program accomplishments
- BUILD A DIVERSIFIED ECONOMIC BASE THROUGH OUT THE COUNTY BY RECRUITING NEW BUSINESS AND INDUSTRY, BY RETAINING EXISTING BUSINESS AND HELPING THEM GROW, AND BY FOSTERING THE CREATION OF JOBS.Expenses $562,062 · grants $20,918 · revenue $842,472
- PRODUCT DEVELOPMENT ANALYSIS IDENTIFY AND EVALUATE PORPERTIES THROUGHOUT CATAWBA COUNTY THAT MAY BE SUITABLE FOR NEW ECONOMIC DEVELOPMENT PROJECTS AND OR BUSINESS PARKSExpenses $110,313 · grants $110,313
- DEVELOPMENT OF MULTI JURISDICTIONAL PARK AND EXPENSE TO ATTRACT TENANT FOR VARIOUS DEVELOPMENT SITES- GRANTS RECEIVED FROM DUKE ENERGY FOR THIS PURPOSE AND INCENTIVES FOR DIRECT BUSINESS INVESTMENTS IN CATAWBA COUNTY. DEVELOPMENT OF SPEC BLDG TO ATTRACT NEW BUSINESS ENTITIES, INNOVATE CATAWBA MARKETING PROGRAM.Expenses $10,100 · grants $10,100
- MILITARY HIRING EVENT- EFFORTS TO PROMOTE JOB OPPORTUNITIES AND EMPLOYMENT FOR PERSONS LEAVING MILTARYExpenses $4,883 · grants $4,863
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
- 56-1195680
- 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
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $505,120
- Income (IRS master file)
- $1,006,604
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,006,604 | $1,007,861 | $505,120 | XML |
| 990 | June 2024 | $1,215,852 | $1,261,828 | $498,899 | XML |
| 990 | June 2023 | $941,932 | $954,657 | $617,119 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
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 56-1195680).
Questions about CATAWBA COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of CATAWBA COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CATAWBA COUNTY ECONOMIC DEVELOPMENT CORPORATION is 56-1195680.
- Is CATAWBA COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to CATAWBA COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CATAWBA 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 CATAWBA 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 CATAWBA 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 CATAWBA COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names SCOTT MILLAR.
- Who are the officers and directors of CATAWBA COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 1 person; 1 received compensation from the organization, the highest $225,847 (SCOTT MILLAR, PRESIDENT).
- How much revenue does CATAWBA COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,006,604, expenses of $1,007,861 and total assets of $505,120 at year end.
Other nonprofits in HICKORY
- FOOTHILLS HOME BUILDERS EIN 23-7196040 · last filed 990 for 2024
- HENRY RIVER PRESERVATION FUND INC EIN 82-3026206 · last filed 990-EZ for 2025
- CATAWBA COUNTY CHAMBER FOUNDATION EIN 92-2376174 · last filed 990-PF for 2025
- SERVICE LEAGUE OF HICKORY N C INC EIN 56-6022718 · last filed 990 for 2025
- PROFESSIONAL CONSTRUCTION ESTIMATORS ASSOC OF AMERICA INC EIN 56-1272473 · last filed 990-EZ for 2026
- CATAWBA COUNTY MEDICAL SOCIETY EIN 20-4684532 · last filed 990-EZ for 2025
- CATAWBA COUNTY PROPERTY DEVELOPMENT CORPORATION EIN 46-0772243 · last filed 990 for 2025
- NORTH CAROLINA MEDICAL GROUP MANAGERS EIN 56-1945511 · last filed 990-N for 2025
All nonprofits in HICKORY · North Carolina · Community improvement and capacity building