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Nonprofit · EIN 56-1442745

ROWAN ECONOMIC DEVELOPMENT COUNCIL

Tax-exempt · SALISBURY, NC 28144

Financials

$1.2M$1.1M2023$1.2M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of ROWAN ECONOMIC DEVELOPMENT COUNCIL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,164,833$1,368,555-$203,722$467,256$2,069$465,187
December 31, 2023990$1,182,628$1,106,231$76,397$671,419$2,510$668,909
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,156,740
of which government grants
$906,740
Program service revenue
$0
Investment income
$8,093
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$208,317
Other salaries and wages
$380,704
Salaries, compensation and benefits (total)
$770,011
Professional fundraising fees
$13,165
Accounting fees
$11,876
Occupancy
$33,713
Travel
$13,076
Depreciation
$9,047
Program services (functional)
$1,355,390
Fundraising (functional)
$13,165

Balance sheet and other

Total assets, start of year
$671,419
Total assets, end of year
$467,256
Total liabilities, end of year
$2,069
Net assets, end of year
$465,187
Land, buildings and equipment
$50,724
Net assets without donor restrictions
$390,627
Net assets with donor restrictions
$74,560
Gross receipts
$1,164,833
Employees
5
Year formed
1984
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ROD CRIDERPRESIDENT &
Trustee or director, Officer
40$208,317
NICOLE HOLMES MATANGIRACHAIRPERSON
Trustee or director, Officer
0$0
GARY BLABONIMMEDIATE PA
Trustee or director
0$0
TIM PROPERVICE CHAIR
Trustee or director, Officer
0$0
LARRY ROTHSECRETARY /
Trustee or director, Officer
0$0
GREG ALCORNBOARD MEMBER
Trustee or director
0$0
DR ANTHONY DAVISBOARD MEMBER
Trustee or director
0$0
LUKE FISHERBOARD MEMBER
Trustee or director
0$0
KARLA FOSTER LEONARDBOARD MEMBER
Trustee or director
0$0
CYNTHIA MYNATTBOARD MEMBER
Trustee or director
0$0
TERRY OSBORNEBOARD MEMBER
Trustee or director
0$0
ASHLEY STEWARTBOARD MEMBER
Trustee or director
0$0
VICTOR WALLACEBOARD MEMBER
Trustee or director
0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
ROD CRIDERPRESIDENT &
Trustee or director, Officer
40$199,241
GARY BLABONCHAIRMAN
Trustee or director, Officer
–$0
LUKE FISHERIMMEDIATE PA
Trustee or director
–$0
NICOLE HOLMES MATANGIRAVICE-CHAIRMA
Trustee or director, Officer
–$0
TIM PROPERSECRETARY
Trustee or director, Officer
–$0
GARY HAMBLINTREASURER
Trustee or director, Officer
–$0
GREG ALCORNBOARD MEMBER
Trustee or director
–$0
DR ANTHONY DAVISBOARD MEMBER
Trustee or director
–$0
ELAINE HOLDENBOARD MEMBER
Trustee or director
–$0
CYNTHIA MYNATTBOARD MEMBER
Trustee or director
–$0
LAWRENCE ROTHBOARD MEMBER
Trustee or director
–$0
ASHLEY STEWARTBOARD MEMBER
Trustee or director
–$0
VICTOR WALLACEBOARD MEMBER
Trustee or director
–$0

Address and contacts

Address (IRS master file)
204 E INNES ST STE 220, SALISBURY, NC 28144-5191
Principal officer (990 for 2024)
ROD CRIDER, 204 E INNES STREET STE 220, SALISBURY, NC 28144
Signed the 990
ROD CRIDER, PRESIDENT & CEO
Phone
(704) 637-5526
Return prepared by
BRENT H PARKS CPA PA

Mission

PROMOTING ECONOMIC AND INDUSTRIAL DEVELOPMENT IN ROWAN COUNTY, NORTH CAROLINA

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTED ECONOMIC AND INDUSTRIAL DEVELOPMENT IN ROWAN COUNTY, NORTH CAROLINA
    Expenses $1,355,390

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-1442745
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible (Pub 78)
Organization other than a public charity or private foundation
Exempt since
1986
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$467,256
Income (IRS master file)
$1,164,833

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,164,833$1,368,555$467,256XML
990December 2023$1,182,628$1,106,231$671,419XML
990December 2022$1,162,948$1,053,416$595,021IRS
990December 2021–––IRS
990June 2021–––IRS
990June 2019–––IRS
990June 2018–––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 56-1442745).

Questions about ROWAN ECONOMIC DEVELOPMENT COUNCIL

What is the EIN of ROWAN ECONOMIC DEVELOPMENT COUNCIL?
The employer identification number (EIN) of ROWAN ECONOMIC DEVELOPMENT COUNCIL is 56-1442745.
Is ROWAN ECONOMIC DEVELOPMENT COUNCIL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1986.
Are donations to ROWAN ECONOMIC DEVELOPMENT COUNCIL tax-deductible?
Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation).
Which annual return does ROWAN ECONOMIC DEVELOPMENT COUNCIL 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 ROWAN ECONOMIC DEVELOPMENT COUNCIL due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ROWAN ECONOMIC DEVELOPMENT COUNCIL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ROWAN ECONOMIC DEVELOPMENT COUNCIL?
The 990 for the year ended December 31, 2024 names ROD CRIDER.
Who are the officers and directors of ROWAN ECONOMIC DEVELOPMENT COUNCIL?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $208,317 (ROD CRIDER, PRESIDENT &).
How much revenue does ROWAN ECONOMIC DEVELOPMENT COUNCIL have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,164,833, expenses of $1,368,555 and total assets of $467,256 at year end.

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