Nonprofit · EIN 80-0667463
GARNER ECONOMIC DEVELOPMENT CORPORTION
Tax-exempt · GARNER, NC 27529
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $192,785 | $40,495 | $152,290 | $3,866,385 | $311 | $3,866,074 |
| June 30, 2024 | 990 | $197,070 | $33,710 | $163,360 | $3,632,631 | $139 | $3,632,492 |
| June 30, 2023 | 990-PF | $100,875 | $29,573 | $71,302 | $3,420,039 | $139 | $3,419,900 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $45,000
- of which government grants
- $45,000
- Program service revenue
- $0
- Investment income
- $133,184
- Net rental income
- $14,601
- Net gain from sales of assets
- -$3,802
- Other revenue
- $14,601
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $9,627
- Program services (functional)
- $17,335
- Management and general (functional)
- $23,160
Balance sheet and other
- Total assets, start of year
- $3,632,631
- Total assets, end of year
- $3,866,385
- Total liabilities, end of year
- $311
- Net assets, end of year
- $3,866,074
- Land, buildings and equipment
- $301,863
- Publicly traded securities
- $2,949,536
- Net assets without donor restrictions
- $3,866,074
- Gross receipts
- $196,587
- Employees
- 0
- Year formed
- 2010
- 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 |
|---|---|---|---|
| JEFF SWAIN | CHAIRMAN Trustee or director | 1 | $0 |
| ELMO VANCE | BOARD MEMBER Trustee or director | 1 | $0 |
| BUCK KENNEDY | BOARD MEMBER Trustee or director | 1 | $0 |
| MEGAN PUMAREJO | TREASURER Trustee or director | 1 | $0 |
| BILL MOYER | SECRETARY Trustee or director | 1 | $0 |
| KEVIN PAYNE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF SWAIN | CHAIRMAN Trustee or director | 1 | $0 |
| ELMO VANCE | BOARD MEMBER Trustee or director | 1 | $0 |
| BUCK KENNEDY | BOARD MEMBER Trustee or director | 1 | $0 |
| MEGAN PUMAREJO | TREASURER Trustee or director | 1 | $0 |
| BILL MOYER | SECRETARY Trustee or director | 1 | $0 |
| KEVIN PAYNE | BOARD MEMBER Trustee or director | 1 | $0 |
990-PF for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF SWAIN PO BOX 1956, GARNER, NC 27529 | CHAIRMAN | 1 | $0 |
| GRIFFIN LAUGHRIDGE PO BOX 1956, GARNER, NC 27529 | TREASURER | 1 | $0 |
| BUCK KENNEDY PO BOX 1956, GARNER, NC 27529 | BOARD MEMBER | 1 | $0 |
| ELMO VANCE PO BOX 1956, GARNER, NC 27529 | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1956, GARNER, NC 27529-1956
- In care of
- % NATE GROOVER
- Principal officer (990 for 2024)
- JEFF SWAIN, PO BOX 1956, GARNER, NC 27529
- Signed the 990
- MEGAN PUMAREJO, TREASURER
- Phone
- (919) 773-4431
- Website
- WWW.CHOOSEGARNERNC.COM
- Return prepared by
- LANGDON & COMPANY LLP
Mission
THE GEDC (GARNER ECONOMIC DEVELOPMENT CORPORATION) IS AN ECONOMIC DEVELOPMENT NON-PROFIT ORGANIZATION THAT IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF ALL GARNER RESIDENTS THROUGH BUSINESS RECRUITMENT, SUPPORTING ENTREPRENEURSHIP AND THE RETENTION OF EXISTING EMPLOYERS. THE GEDC IS LED BY A SIX-MEMBER BOARD OF DIRECTORS. THE BOARD ADVISES THE TOWN COUNCIL AND WORKS WITH LOCAL LEADERS TO PROMOTE AND FURTHER THE TOWN OF GARNER'S ECONOMIC DEVELOPMENT INTERESTS.
Program accomplishments
- THE GEDC (GARNER ECONOMIC DEVELOPMENT CORPORATION) IS AN ECONOMIC DEVELOPMENT NON-PROFIT ORGANIZATION THAT IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF ALL GARNER RESIDENTS THROUGH BUSINESS RECRUITMENT, SUPPORTING ENTREPRENEURSHIP AND THE RETENTION OF EXISTING EMPLOYERS. THE GEDC IS LED BY A SIX-MEMBER BOARD OF DIRECTORS. THE BOARD ADVISES THE TOWN COUNCIL AND WORKS WITH LOCAL LEADERS TO PROMOTE AND FURTHER THE TOWN OF GARNER'S ECONOMIC DEVELOPMENT INTERESTS.Expenses $17,335
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
- 80-0667463
- 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
- 2025
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $3,866,385
- Income (IRS master file)
- $196,587
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $192,785 | $40,495 | $3,866,385 | IRS |
| 990 | June 2024 | $197,070 | $33,710 | $3,632,631 | XML |
| 990-PF | June 2023 | $100,875 | $29,573 | $3,420,039 | XML |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
| 990-PF | 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 80-0667463).
Questions about GARNER ECONOMIC DEVELOPMENT CORPORTION
- What is the EIN of GARNER ECONOMIC DEVELOPMENT CORPORTION?
- The employer identification number (EIN) of GARNER ECONOMIC DEVELOPMENT CORPORTION is 80-0667463.
- Is GARNER ECONOMIC DEVELOPMENT CORPORTION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to GARNER ECONOMIC DEVELOPMENT CORPORTION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GARNER ECONOMIC DEVELOPMENT CORPORTION 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 GARNER ECONOMIC DEVELOPMENT CORPORTION 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 GARNER ECONOMIC DEVELOPMENT CORPORTION 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 GARNER ECONOMIC DEVELOPMENT CORPORTION?
- The 990 for the year ended June 30, 2025 names JEFF SWAIN.
- Who are the officers and directors of GARNER ECONOMIC DEVELOPMENT CORPORTION?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does GARNER ECONOMIC DEVELOPMENT CORPORTION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $192,785, expenses of $40,495 and total assets of $3,866,385 at year end.
Other nonprofits in GARNER
- GARNER REVITALIZATION ASSOCIATION INC EIN 41-2188619 · last filed 990-EZ for 2025
- BDM PROMOTIONS EIN 86-4004320 · last filed 990-N for 2025
- A CALLING INC EIN 83-3214162 · last filed 990-N for 2025
- CROSS LINK COMMUNITY GARDEN INC EIN 30-1320281 · last filed 990-N for 2025
- BUILDING UPP INC EIN 99-1166185 · last filed 990-N for 2025
- GARNER LIONS CLUB INC EIN 56-6061699 · last filed 990-N for 2024
- WAKE COUNTY MAYORS ASSOC EIN 38-4054328 · last filed 990-N for 2025
- LIFE TOURS EIN 33-4744710 · last filed 990-N for 2025
All nonprofits in GARNER · North Carolina · Community improvement and capacity building