Nonprofit · EIN 58-1375509
RICHMOND ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · ROCKINGHAM, NC 28380
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $85,739 | $9,723 | $76,016 | $3,079,778 | $2,994,291 | $85,487 |
| March 31, 2024 | 990 | $120,207 | $13,018 | $107,189 | $633,762 | $624,291 | $9,471 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $26,612
- Net income from gaming
- $59,127
- Other revenue
- $59,127
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,000
- Program services (functional)
- $9,723
Balance sheet and other
- Total assets, start of year
- $633,762
- Total assets, end of year
- $3,079,778
- Total liabilities, end of year
- $2,994,291
- Net assets, end of year
- $85,487
- Land, buildings and equipment
- $2,312,470
- Net assets without donor restrictions
- $85,487
- Gross receipts
- $153,389
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1979
- 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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BENNETT DEANE III | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| BRYAN R LAND | TREASURER Trustee or director, Officer | 0.5 | $0 |
| DENA R COOK | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| KENNETH ROBINETTE | CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| Amy Guinn | Director Trustee or director | 0.5 | $0 |
| BRIAN BAUCOM | DIRECTOR Trustee or director | 0.5 | $0 |
| Kristi King | Director Trustee or director | 0.5 | $0 |
| Martie Butler | Director Trustee or director | 0.5 | $0 |
990 for the year ended March 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BENNETT DEANE III | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| BRYAN R LAND | TREASURER Trustee or director, Officer | 0.5 | $0 |
| DENA R COOK | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| KENNETH ROBINETTE | CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| Amy Guinn | Director Trustee or director | 0.5 | $0 |
| BRIAN BAUCOM | DIRECTOR Trustee or director | 0.5 | $0 |
| Kristi King | Director Trustee or director | 0.5 | $0 |
| Martie Butler | Director Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 504, ROCKINGHAM, NC 28380-0504
- Principal officer (990 for 2024)
- Bryan R Land, PO Box 504, Rockingham, NC 28380
- Signed the 990
- Bryan R Land, Treasurer
- Phone
- (910) 997-8190
- Website
- WWW.RICHMONDNCED.COM
- Return prepared by
- Forvis Mazars LLP
Mission
FACILITATE THE ECONOMIC DEVELOPMENT OF RICHMOND COUNTY
Program accomplishments
- DEVELOPMENT OF FUTURE INDUSTRIAL SITESExpenses $9,723 · revenue $59,127
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1375509
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $3,079,778
- Income (IRS master file)
- $153,389
Revocation and reinstatement
- Exemption revoked
- August 15, 2013
- Posted by the IRS
- February 10, 2014
- Reinstated
- Effective August 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $85,739 | $9,723 | $3,079,778 | IRS |
| 990 | March 2024 | $120,207 | $13,018 | $633,762 | XML |
| 990 | March 2023 | $99,609 | $6,284 | $526,532 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 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 58-1375509).
Questions about RICHMOND ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of RICHMOND ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of RICHMOND ECONOMIC DEVELOPMENT CORPORATION is 58-1375509.
- Is RICHMOND ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on August 15, 2013 and reinstated it effective August 15, 2013.
- Are donations to RICHMOND ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RICHMOND 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 RICHMOND ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RICHMOND ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of RICHMOND ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 names Bryan R Land.
- Who are the officers and directors of RICHMOND ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does RICHMOND ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $85,739, expenses of $9,723 and total assets of $3,079,778 at year end.
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All nonprofits in ROCKINGHAM · North Carolina · Community improvement and capacity building