Nonprofit · EIN 56-1549220
WILSON ECONOMIC FOUNDATION INC
Tax-exempt · WILSON, NC 27894
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $127,895 | $63,724 | $64,171 | $791,806 | $1,621 | $790,185 |
| December 31, 2024 | 990 | $136,254 | $51,089 | $85,165 | $727,509 | $1,495 | $726,014 |
| December 31, 2023 | 990 | $110,266 | $39,600 | $70,666 | $643,013 | $2,164 | $640,849 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $101,890
- Program service revenue
- $0
- Investment income
- $24,064
- Other revenue
- $1,941
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $35,000
- Salaries, compensation and benefits (total)
- $37,934
- Professional fundraising fees
- $0
- Accounting fees
- $1,475
- Program services (functional)
- $20,791
- Management and general (functional)
- $42,933
Balance sheet and other
- Total assets, start of year
- $727,509
- Total assets, end of year
- $791,806
- Total liabilities, end of year
- $1,621
- Net assets, end of year
- $790,185
- Net assets without donor restrictions
- $790,185
- Gross receipts
- $127,895
- Employees
- 1
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM SHARP | TREASURER Trustee or director, Officer | – | $0 |
| ELIOT F SMITH | PRESIDENT Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM SHARP | TREASURER Trustee or director, Officer | – | $0 |
| DAVID TURNAGE | PRESIDENT Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM SHARP | TREASURER Trustee or director, Officer | 5 | $0 |
| DAVID TURNAGE | PRESIDENT Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 728, WILSON, NC 27894-0728
- Principal officer (990 for 2025)
- ELIOT F SMITH, PO BOX 2848, WILSON, NC 278942848
- Signed the 990
- ELIOT F SMITH, PRESIDENT
- Phone
- (252) 237-1115
- Website
- WILSONEDC.COM
- Return prepared by
- ANTHONY TABB & OETTINGER PA
Mission
ENCOURAGING ECONOMIC DEVELOPMENT IN WILSON COUNTY, NC.
Program accomplishments
- ENCOURAGING ECONOMIC DEVELOPMENT IN WILSON COUNTY, NC.Expenses $20,791
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1549220
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $791,806
- Income (IRS master file)
- $127,895
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $127,895 | $63,724 | $791,806 | IRS |
| 990 | December 2024 | $136,254 | $51,089 | $727,509 | XML |
| 990 | December 2023 | $110,266 | $39,600 | $643,013 | XML |
| 990 | December 2022 | $192,783 | $68,287 | $572,347 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 56-1549220).
Questions about WILSON ECONOMIC FOUNDATION INC
- What is the EIN of WILSON ECONOMIC FOUNDATION INC?
- The employer identification number (EIN) of WILSON ECONOMIC FOUNDATION INC is 56-1549220.
- Is WILSON ECONOMIC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1989.
- Are donations to WILSON ECONOMIC FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WILSON ECONOMIC 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 WILSON ECONOMIC 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 WILSON ECONOMIC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WILSON ECONOMIC FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names ELIOT F SMITH.
- Who are the officers and directors of WILSON ECONOMIC FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does WILSON ECONOMIC FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $127,895, expenses of $63,724 and total assets of $791,806 at year end.
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