Program areas at Garner Economic Development Corporation
To own, maintain, reuse/redevelop and market a closed manufacturing facility for future uses beneficial to the town of Garner in creating tax base, providing jobs and distributing net revenues in the future, if any, to the town for public purposes. Those purposes would include support of projects such as the community center and other public and community benefits for the town of Garner.
Part ix-a to own, maintain, reuse/redevelop and market for the future use and benefit of the town of Garner certain real estate transferred to the organization following the close of a former manufacturing facility. Upon conversion of the real estate to a purchaser that would utilize the site for purposes that benefit the economy in the town of Garner area, the organization is then tasked with utilizing the liquidity from the property sale to identify new opportunities for investment that will enhance the local tax base, provide jobs to Garner residents, support workforce Development, education, and entrepreneurship initiatives, and provide facilities that directly benefit the town of Garner (such as community centers, public safety offices, special purpose residential developments for the citizen of Garner whom may be underserved or underprivileged, etc. ).
Grants made by Garner Economic Development Corporation
Personnel at Garner Economic Development Corporation
Name | Title | Compensation | Date of data |
---|
Griffin Laughridge | Treasurer | $0 | 2024-03-21 |
Bruce Andrews | President | $0 | 2017-06-30 |
William Anderson | Assistant Secretary | $0 | 2017-06-30 |
Financials for Garner Economic Development Corporation
Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
---|
Total grants, contributions, etc. | $45,000 | $685,312 | -93.4% |
Investment income and dividends | $41,274 | $16,532 | 149.7% |
Net rental income | $14,601 | $14,601 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Gross sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $100,875 | $716,445 | -85.9% |
Organizations like Garner Economic Development Corporation
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Downtown Development Corporation | 501(c)(3) | Tucson, AZ | $43,405 |
Greater Lansing Destination Development Foundation | 501(c)(3) | Lansing, MI | $116,769 |
Iron County Economic Partnership | 501(c)(3) | Ironton, MO | $501,068 |
Kennecott Utah Copper Visitors Center Charitable Foundation | 501(c)(3) | South Jordan, UT | $181,318 |
Superior 3000 Foundation | 501(c)(3) | Superior, NE | $41,674 |
Evergreen Business Capital Foundation | 501(c)(3) | Seattle, WA | $85,661 |
Paducah Area Community Reuse Organization | 501(c)(3) | Paducah, KY | $102,104 |
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Data update history
May 21, 2024
Updated personnel
Identified 1 new personnel
July 21, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 30, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 1, 2023
Updated personnel
Identified 2 new personnel
April 13, 2022
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
- Address
- PO Box 1956
- Garner, NC 27529
- Metro area
- Raleigh-Cary, NC
- County
- Wake County, NC
- Website URL
- choosegarnernc.com/
- Phone
- (919) 872-3000
IRS details
- EIN
- 80-0667463
- Fiscal year end
- June
- Taxreturn type
- Form 990-PF
- Year formed
- 2010
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T20: Private Foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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