Nonprofit · EIN 56-1572573
SOUTH IREDELL COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · MOORESVILLE, NC 28115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,610,427 | $170,202 | $2,440,225 | $8,722,463 | $883,904 | $7,838,559 |
| December 31, 2024 | 990 | $35,510 | $163,031 | -$127,521 | $8,584,024 | $3,185,690 | $5,398,334 |
| December 31, 2023 | 990 | $85,341 | $160,989 | -$75,648 | $8,711,546 | $3,185,691 | $5,525,855 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $2,605,927
- Net rental income
- $4,500
- Net gain from sales of assets
- $2,551,498
- Other revenue
- $4,500
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10,685
- Accounting fees
- $11,375
- Program services (functional)
- $137,342
- Management and general (functional)
- $32,860
Balance sheet and other
- Total assets, start of year
- $8,584,024
- Total assets, end of year
- $8,722,463
- Total liabilities, end of year
- $883,904
- Net assets, end of year
- $7,838,559
- Net assets without donor restrictions
- $7,838,559
- Gross receipts
- $4,458,929
- Employees
- 0
- Volunteers
- 0
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS NICHOLS | TREASURER Trustee or director, Officer | 0 | $0 |
| ABIGAIL JENNINGS | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| STEVE MCGLOTHLIN | PRESIDENT Trustee or director, Officer | 0 | $0 |
| BILL THUNBERG | SECRETARY Trustee or director, Officer | 0 | $0 |
| CHRIS CARNEY | BOARD MEMBER Trustee or director | 0 | $0 |
| JENN BOSSER | BOARD MEMBER Trustee or director | 0 | $0 |
| TIM BREWER | BOARD MEMBER Trustee or director | 0 | $0 |
| MEGHAN CALDWELL | BOARD MEMBER Trustee or director | 0 | $0 |
| RYAN RASE | BOARD MEMBER Trustee or director | 0 | $0 |
| JEFF MCNEELY | BOARD MEMBER Trustee or director | 0 | $0 |
| BETH MULL | BOARD MEMBER Trustee or director | 0 | $0 |
| MELISSA NEADER | BOARD MEMBER Trustee or director | 0 | $0 |
| JEFF CERNUTO | BOARD MEMBER Trustee or director | 0 | $0 |
| WILLIAM RUFF | BOARD MEMBER Trustee or director | 0 | $0 |
| TIFFANY WEBBER | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Brady | President Trustee or director, Officer | 0 | $0 |
| Abigail Jennings | Vice President Trustee or director, Officer | 0 | $0 |
| Steve McGlothlin | Treasurer Trustee or director, Officer | 0 | $0 |
| Bill Thunberg | Secretary Trustee or director, Officer | 0 | $0 |
| Chris Carney | Board Member Trustee or director | 0 | $0 |
| Jenn Bosser | Board Member Trustee or director | 0 | $0 |
| Tim Brewer | Board Member Trustee or director | 0 | $0 |
| Meghan Caldwell | Board Member Trustee or director | 0 | $0 |
| Tracey Jerome | Board Member Trustee or director | 0 | $0 |
| Jeff McNeely | Board Member Trustee or director | 0 | $0 |
| Beth Mull | Board Member Trustee or director | 0 | $0 |
| Melissa Neader | Board Member Trustee or director | 0 | $0 |
| David Alexander | Board Member Trustee or director | 0 | $0 |
| William Ruff | Board Member Trustee or director | 0 | $0 |
| Tiffany Webber | Board Member Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Brady | President Trustee or director, Officer | 0 | $0 |
| Abigail Jennings | Vice President Trustee or director, Officer | 0 | $0 |
| Steve McGlothlin | Treasurer Trustee or director, Officer | 0 | $0 |
| Bill Thunberg | Secretary Trustee or director, Officer | 0 | $0 |
| Miles Atkins | Board Member Trustee or director | 0 | $0 |
| Jenn Bosser | Board Member Trustee or director | 0 | $0 |
| Tim Brewer | Board Member Trustee or director | 0 | $0 |
| Meghan Caldwell | Board Member Trustee or director | 0 | $0 |
| Randy Hemann | Board Member Trustee or director | 0 | $0 |
| Jeff McNeely | Board Member Trustee or director | 0 | $0 |
| Beth Mull | Board Member Trustee or director | 0 | $0 |
| Melissa Neader | Board Member Trustee or director | 0 | $0 |
| Bob Palmes | Board Member Trustee or director | 0 | $0 |
| William Ruff | Board Member Trustee or director | 0 | $0 |
| Tiffany Webber | Board Member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 S MAIN ST STE 449, MOORESVILLE, NC 28115-3550
- Principal officer (990 for 2025)
- CHRIS NICHOLS, 106 CORPORATE PARK DRIVE, MOORESVILLE, NC 28117
- Signed the 990
- CHRIS NICHOLS, TREASURER
- Phone
- (704) 662-7700
- Return prepared by
- DMJPS PLLC
Mission
TO RENDER AID AND ENCOURAGEMENT IN THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF SOUTHERN IREDELL COUNTY, NC
Program accomplishments
- DEVELOPING AND PROMOTING BUSINESS AND INDUSTRIAL SITES AS A MEANS OF ATTRACTING NEW INDUSTRY AND FACILITATING GROWTH OF EXISTING BUSINESSES IN THE MOORESVILLE, NC AREA.Expenses $137,342
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
- 56-1572573
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,722,463
- Income (IRS master file)
- $4,458,929
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,610,427 | $170,202 | $8,722,463 | XML |
| 990 | December 2024 | $35,510 | $163,031 | $8,584,024 | XML |
| 990 | December 2023 | $85,341 | $160,989 | $8,711,546 | XML |
| 990 | December 2022 | $7,471 | $134,580 | $9,604,542 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 56-1572573).
Questions about SOUTH IREDELL COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of SOUTH IREDELL COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SOUTH IREDELL COMMUNITY DEVELOPMENT CORPORATION is 56-1572573.
- Is SOUTH IREDELL COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
- Are donations to SOUTH IREDELL COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTH IREDELL COMMUNITY 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 SOUTH IREDELL COMMUNITY DEVELOPMENT CORPORATION 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 SOUTH IREDELL COMMUNITY DEVELOPMENT CORPORATION 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 SOUTH IREDELL COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names CHRIS NICHOLS.
- Who are the officers and directors of SOUTH IREDELL COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does SOUTH IREDELL COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,610,427, expenses of $170,202 and total assets of $8,722,463 at year end.
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