Nonprofit · EIN 56-1556790
DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION
Tax-exempt · LEXINGTON, NC 27292
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $44,915 | $57,344 | -$12,429 | $591,471 | $0 | $591,471 |
| June 30, 2024 | 990 | $20,841 | $222,691 | -$201,850 | $603,900 | $0 | $603,900 |
| June 30, 2023 | 990 | $386,453 | $407,933 | -$21,480 | $798,792 | $0 | $798,792 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $23,500
- of which government grants
- $23,500
- Program service revenue
- $0
- Investment income
- $21,415
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $23,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $500
- Program services (functional)
- $57,344
Balance sheet and other
- Total assets, start of year
- $603,900
- Total assets, end of year
- $591,471
- Total liabilities, end of year
- $0
- Net assets, end of year
- $591,471
- Net assets without donor restrictions
- $591,471
- Gross receipts
- $44,915
- Employees
- 0
- Year formed
- 1986
- 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 |
|---|---|---|---|
| TODD YATES | PRESIDENT & Trustee or director | – | $0 |
| JASON HAYES | VICE CHAIRMA Trustee or director | – | $0 |
| JOHN BYRUM | DIRECTOR Trustee or director | – | $0 |
| LARRY WARD | DIRECTOR Trustee or director | – | $0 |
| RALEIGH YORK | DIRECTOR Trustee or director | – | $0 |
| LARRY POTTS | DIRECTOR Trustee or director | – | $0 |
| JOHN BURKE | ALTERNATE DI Trustee or director | – | $0 |
| SCOTT MORRIS | ALTERNATE DI Trustee or director | – | $0 |
| FRED MCCLURE | ALTERNATE DI Trustee or director | – | $0 |
| JACKIE EDWARDS | ALTERNATE DI Trustee or director | – | $0 |
| HUNTER THRIFT | ALTERNATE DI Trustee or director | – | $0 |
| ALLEN TODD | ALTERNATE DI Trustee or director | – | $0 |
| CASEY SMITH | FACILITATOR Trustee or director | – | $0 |
| SCOTT MORRIS | ALTERNATE DI Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD YATES | PRESIDENT & Trustee or director | – | $0 |
| JASON HAYES | VICE CHAIRMA Trustee or director | – | $0 |
| JOHN BYRUM | DIRECTOR Trustee or director | – | $0 |
| LARRY WARD | DIRECTOR Trustee or director | – | $0 |
| RALEIGH YORK | DIRECTOR Trustee or director | – | $0 |
| LARRY POTTS | DIRECTOR Trustee or director | – | $0 |
| JOHN BURKE | DIRECTOR Trustee or director | – | $0 |
| SCOTT MORRIS | DIRECTOR Trustee or director | – | $0 |
| FRED MCCLURE | DIRECTOR Trustee or director | – | $0 |
| JACKIE EDWARDS | DIRECTOR Trustee or director | – | $0 |
| HUNTER THRIFT | DIRECTOR Trustee or director | – | $0 |
| ALLEN TODD | DIRECTOR Trustee or director | – | $0 |
| CASEY SMITH | FACILITATOR Trustee or director | – | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG GOODSON | FORMER PRESI Former | 40 | $173,100 |
| MARK SWAIM | CHAIRMAN Trustee or director, Officer | – | $0 |
| TODD YATES | DIRECTOR Trustee or director | – | $0 |
| LARRY WARD | DIRECTOR Trustee or director | – | $0 |
| LARRY POTTS | DIRECTOR Trustee or director | – | $0 |
| RALEIGH YORK | DIRECTOR Trustee or director | – | $0 |
| JASON HAYES | DIRECTOR Trustee or director | – | $0 |
| JOHN BYRUM | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 913 N GREENSBORO ST, LEXINGTON, NC 27292-2699
- Principal officer (990 for 2024)
- TODD YATES
- Signed the 990
- TODD YATES, PRESIDENT & CHAIRMAN
- Phone
- (336) 240-7281
- Return prepared by
- MYERS & MYERS PLLC
Mission
TO PROMOTE INDUSTRY IN DAVIDSON COUNTY
Program accomplishments
- THE PROMOTION OF ECONOMIC DEVELOPMENT IN DAVIDSON COUNTY
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 56-1556790
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $591,471
- Income (IRS master file)
- $44,915
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $44,915 | $57,344 | $591,471 | XML |
| 990 | June 2024 | $20,841 | $222,691 | $603,900 | IRS |
| 990 | June 2023 | $386,453 | $407,933 | $798,792 | XML |
| 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 56-1556790).
Questions about DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION
- What is the EIN of DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION?
- The employer identification number (EIN) of DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION is 56-1556790.
- Is DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Are donations to DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION 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 DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION 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 DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION?
- The 990 for the year ended June 30, 2025 names TODD YATES.
- Who are the officers and directors of DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does DAVIDSON COUNTY ECONOMIC DEVELOPMENT COMMISSION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $44,915, expenses of $57,344 and total assets of $591,471 at year end.
Other nonprofits in LEXINGTON
- HOSPICE OF DAVIDSON COUNTY NORTH CAROLINA INC EIN 58-1592138 · last filed 990 for 2025
- DAVIDSON-DAVIE COMMUNITY COLLEGE FOUNDATION INC EIN 23-7079347 · last filed 990 for 2025
- ROBB AND VEDA KAUFMAN HOLINESS ADVANCEMENT FOUNDATION EIN 88-3671200 · last filed 990-PF for 2025
- DAVIDSON CHARTER ACADEMY INC EIN 81-3746270 · last filed 990 for 2025
- SMART START OF DAVIDSON COUNTY INC EIN 56-1859989 · last filed 990 for 2025
- JUNIOR ORDER UNITED AMERICAN MECHANICS CHILDRENS HOME INC EIN 56-0340748 · last filed 990 for 2025
- WORKSHOP OF DAVIDSON INCORPORATED EIN 56-0840471 · last filed 990 for 2025
- THE ARC DAVIDSON COUNTY INC EIN 56-1252153 · last filed 990 for 2026