Nonprofit · EIN 83-1269896
TARBORO DEVELOPMENT CORPORATION
Tax-exempt · TARBORO, NC 27886
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $69,433 | $65,129 | $4,304 | $12,553 | $0 | $12,553 |
| December 31, 2024 | 990-PF | $83,310 | $82,080 | $1,230 | $8,249 | $0 | $8,249 |
| December 31, 2023 | 990-PF | $59,972 | $70,053 | -$10,081 | $7,019 | $0 | $7,019 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $60,950
- Interest
- $45
- Other income
- $8,438
Expenses
- Grants and similar amounts paid
- $0
- Disbursements for charitable purposes
- $61,869
- Excise tax on investment income
- $1
Balance sheet and other
- Total assets, start of year
- $8,249
- Total assets, end of year
- $12,553
- Total liabilities, end of year
- $0
- Net assets, end of year
- $12,553
- Fair market value of assets
- $12,553
- Qualifying distributions
- $61,869
- Net investment income
- $45
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE SHARPE 500 N MAIN STREET, TARBORO, NC 27886 | CHAMBER DIRE | 0 | $0 |
| MEGAN FUNK 500 N MAIN STREET, TARBORO, NC 27886 | PRESIDENT | 0 | $0 |
| TROY LEWIS 500 N MAIN STREET, TARBORO, NC 27886 | DIRECTOR | 0 | $0 |
| ANNE MANN 500 N MAIN STREET, TARBORO, NC 27886 | TREASURER | 0 | $0 |
| LEO TAYLOR 500 N MAIN STREET, TARBORO, NC 27886 | DIRECTOR | 0 | $0 |
| MICHAEL PETERS 500 N MAIN ST, TARBORO, NC 27886 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSHITA TAYLOR 500 N MAIN STREET, TARBORO, NC 27886 | DIRECTOR | 0 | $0 |
| MEGAN FUNK 500 N MAIN STREET, TARBORO, NC 27886 | PRESIDENT | 0 | $0 |
| WILL LELAND 500 N MAIN STREET, TARBORO, NC 27886 | VICE PRESIDE | 0 | $0 |
| ANNE MANN 500 N MAIN STREET, TARBORO, NC 27886 | TREASURER | 0 | $0 |
| JENNIFER SHEARIN 500 N MAIN STREET, TARBORO, NC 27886 | SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TINA PARKER 500 N MAIN STREET, TARBORO, NC 27886 | DIRECTOR | 0 | $0 |
| MEGAN FUNK 500 N MAIN STREET, TARBORO, NC 27886 | PRESIDENT | 0 | $0 |
| WILL LELAND 500 N MAIN STREET, TARBORO, NC 27886 | VICE PRESIDE | 0 | $0 |
| ANNE MANN 500 N MAIN STREET, TARBORO, NC 27886 | TREASURER | 0 | $0 |
| JENNIFER SHEARIN 500 N MAIN STREET, TARBORO, NC 27886 | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 N MAIN ST, TARBORO, NC 27886-4313
- In care of
- % TINA PARKER - PLANNING DEPT
- Signed the 990-PF
- MEGAN FUNK, PRESIDENT
- Phone
- (252) 823-2416
- Return prepared by
- GREGORY T REDMAN CPA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 83-1269896
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $12,553
- Income (IRS master file)
- $69,433
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $69,433 | $65,129 | $12,553 | IRS |
| 990-PF | December 2024 | $83,310 | $82,080 | $8,249 | IRS |
| 990-PF | December 2023 | $59,972 | $70,053 | $7,019 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 83-1269896).
Questions about TARBORO DEVELOPMENT CORPORATION
- What is the EIN of TARBORO DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TARBORO DEVELOPMENT CORPORATION is 83-1269896.
- Is TARBORO DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to TARBORO DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TARBORO DEVELOPMENT CORPORATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TARBORO 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 TARBORO DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of TARBORO DEVELOPMENT CORPORATION?
- The 990-PF for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does TARBORO DEVELOPMENT CORPORATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $69,433, expenses of $65,129 and total assets of $12,553 at year end.
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