EIN 80-0667463

Garner Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Year formed
2010
Most recent tax filings
2023-06-01
NTEE code, primary
Description
GEDC is an organization promoting economic growth in Garner, NC by attracting new businesses, supporting entrepreneurship, and developing a strong local economy.
Total revenues
$100,875
2023
Total expenses
$29,573
2023
Total assets
$3,420,039
2023
Num. employees
0
2023

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

GranteeGrant descriptionAmount
Towne Players of GarnerLand Donation$629,000
Towne Players of GarnerCash Donation$1,000

Personnel at Garner Economic Development Corporation

NameTitleCompensation
Griffin LaughridgeTreasurer$0
Bruce AndrewsPresident$0
William AndersonAssistant Secretary$0

Financials for Garner Economic Development Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$45,000
Investment income and dividends$41,274
Net rental income$14,601
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$100,875

Form 990s for Garner Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-21990PFView PDF
2022-062023-05-09990PFView PDF
2021-062021-11-09990PFView PDF
2020-062021-05-07990PFView PDF
2019-062021-05-04990PFView PDF
...and 8 more Form 990s

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Iron County Economic PartnershipIronton, MO$501,068
Kennecott Utah Copper Visitors Center Charitable FoundationSouth Jordan, UT$181,318
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Evergreen Business Capital FoundationSeattle, WA$85,661
Paducah Area Community Reuse OrganizationPaducah, 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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