Nonprofit · EIN 56-1458493
ASHEBORO RANDOLPH COUNTY AREA ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · ASHEBORO, NC 27203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $856,962 | $577,151 | $279,811 | $1,515,937 | $62,195 | $1,453,742 |
| June 30, 2024 | 990 | $698,603 | $607,123 | $91,480 | $1,181,325 | $7,394 | $1,173,931 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $839,155
- of which government grants
- $588,450
- Membership dues
- $200,705
- Program service revenue
- $0
- Investment income
- $16,807
- Other revenue
- $1,000
Expenses
- Grants and similar amounts paid
- $5,000
- Compensation of officers, directors and key employees
- $122,531
- Other salaries and wages
- $208,554
- Salaries, compensation and benefits (total)
- $385,662
- Professional fundraising fees
- $0
- Legal fees
- $1,000
- Accounting fees
- $5,250
- Occupancy
- $14,667
- Travel
- $2,999
- Depreciation
- $1,659
Balance sheet and other
- Total assets, start of year
- $1,181,325
- Total assets, end of year
- $1,515,937
- Total liabilities, end of year
- $62,195
- Net assets, end of year
- $1,453,742
- Land, buildings and equipment
- $739,045
- Net assets without donor restrictions
- $1,444,542
- Net assets with donor restrictions
- $9,200
- Gross receipts
- $856,962
- Employees
- 4
- Volunteers
- 21
- Year formed
- 1985
- 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 | Other / benefits |
|---|---|---|---|---|
| KEVIN FRANKLIN | PRESIDENT Officer | 40 | $104,285 | $18,246 |
| BOB CRUMLEY | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL MORRIS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DAVID RAMSEY | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| FRED SMITH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GARY BETTS | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| FRANK EDMONSON | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| DARRELL FRYE | MEMBER AT LARGE Trustee or director | 0.2 | $0 | $0 |
| DIANE JAMES | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| RICH MCNABB | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| DALE BRINKLEY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| KAREN SCOTTON | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| DAVID SMITH | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| FILMORE YORK | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| BAXTER HAMMER | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAH ARDALAN | BOARD MEMBER Trustee or director | 0.2 | $0 |
| TERRY CAVINESS | BOARD MEMBER Trustee or director | 0.2 | $0 |
| ART MARTINEZ | BOARD MEMBER Trustee or director | 0.2 | $0 |
| ZEB HOLDEN | BOARD MEMBER Trustee or director | 0.2 | $0 |
| LEWIS DORSETT | BOARD MEMBER Trustee or director | 0.2 | $0 |
| DAVID FERNANDEZ | BOARD MEMBER Trustee or director | 0.2 | $0 |
| CHRIS HARRINGTON | BOARD MEMBER Trustee or director | 0.2 | $0 |
| AC HURLEY | BOARD MEMBER Trustee or director | 0.2 | $0 |
| HAMPTON SPIVEY | BOARD MEMBER Trustee or director | 0.2 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN FRANKLIN | PRESIDENT Officer | 40 | $108,336 | $15,134 |
| BOB CRUMLEY | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL MORRIS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DAVID RAMSEY | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| FRED SMITH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GARY BETTS | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| FRANK EDMONSON | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| DARRELL FRYE | MEMBER AT LARGE Trustee or director | 0.2 | $0 | $0 |
| DIANE JAMES | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| RICH MCNABB | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| DALE BRINKLEY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| KAREN SCOTTON | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| DAVID SMITH | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| FILMORE YORK | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| BAXTER HAMMER | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| HAMPTON SPIVEY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| TERRY CAVINESS | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| ART MARTINEZ | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| ZEB HOLDEN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| LEWIS DORSETT | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| DAVID FERNANDEZ | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| CHRIS HARRINGTON | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| AC HURLEY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 176 N FAYETTEVILLE ST, ASHEBORO, NC 27203-5516
- Principal officer (990 for 2024)
- KEVIN FRANKLIN, 176 N FAYETTEVILLE ST, ASHEBORO, NC 27203
- Signed the 990
- KEVIN FRANKLIN, PRESIDENT
- Phone
- (336) 626-2233
- Website
- WWW.RCEDC.COM
- Return prepared by
- TURLINGTON AND COMPANY LLP
Mission
RECRUITMENT OF VARIOUS INDUSTRIES AND BUSINESSES
Program accomplishments
- RECRUITMENT OF VARIOUS BUSINESSES TO RANDOLPH COUNTY, NORTH CAROLINA
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
- 56-1458493
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,515,937
- Income (IRS master file)
- $856,962
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $856,962 | $577,151 | $1,515,937 | IRS |
| 990 | June 2024 | $698,603 | $607,123 | $1,181,325 | XML |
| 990 | June 2023 | $588,206 | $756,176 | $1,088,175 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-1458493).
Questions about ASHEBORO RANDOLPH COUNTY AREA ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of ASHEBORO RANDOLPH COUNTY AREA ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ASHEBORO RANDOLPH COUNTY AREA ECONOMIC DEVELOPMENT CORPORATION is 56-1458493.
- Is ASHEBORO RANDOLPH COUNTY AREA ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1986.
- Are donations to ASHEBORO RANDOLPH COUNTY AREA ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASHEBORO RANDOLPH COUNTY AREA 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 ASHEBORO RANDOLPH COUNTY AREA 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 ASHEBORO RANDOLPH COUNTY AREA 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 ASHEBORO RANDOLPH COUNTY AREA ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names KEVIN FRANKLIN.
- Who are the officers and directors of ASHEBORO RANDOLPH COUNTY AREA ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 24 people; 1 received compensation from the organization, the highest $104,285 (KEVIN FRANKLIN, PRESIDENT).
- How much revenue does ASHEBORO RANDOLPH COUNTY AREA ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $856,962, expenses of $577,151 and total assets of $1,515,937 at year end.
Other nonprofits in ASHEBORO
- RANDOLPH ELECTRIC MEMBERSHIP CORP EIN 56-0371555 · last filed 990 for 2025
- UWHARRIE GREEN SCHOOL INC EIN 45-2400428 · last filed 990 for 2025
- NORTH CAROLINA ZOOLOGICAL SOCIETY INC EIN 56-0990900 · last filed 990 for 2025
- THE CROSS ROAD REST AND RETIREMENT CENTER INC EIN 58-1491011 · last filed 990 for 2025
- ACCESS DENTAL CARE EIN 56-2152124 · last filed 990 for 2024
- RANDOLPH COUNTY SENIOR ADULTS ASSOCIATION INC EIN 56-1216782 · last filed 990 for 2025
- RANDOLPH COUNTY PARTNERSHIP FOR CHILDREN INC EIN 31-1612024 · last filed 990 for 2025
- YOUNG MENS CHRISTIAN ASSOCIATION INC-RANDOLP-ASHEBORO EIN 56-0991786 · last filed 990 for 2025