Program areas at Lake Norman Regional Economic Development Corporation
Contracted salaries: this program service includes salaries for three employees, the executive director and the community relations manager, and workforce Development manager. Services provided include marketing, project management, property analysis and Development, workforce Development, fundraising, and existing industry calls. Other services are provided to the towns of cornelius, davidson and huntersville as requested on a case-by-case basis.
Travel and training: this program service covers travel expenses related to projects and training sessions such as the iedc annual conference attended by the executive director. It also includes expenses related to attending professional Development seminars sponsored by the international Economic Development council and the nc Economic developers association. In addition, other expenses in this category comprise of professional certification classes and activities.
Contracted employee benefits: this program service covers usual benefits including health insurance, life insurance, disability insurance, 401k, retirement, and annual leave for the two employees described above.
Personnel at Lake Norman Regional Economic Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Ryan McDaniels | Executive Director | $0 | 2024-02-27 |
| Ryan McDaniel | Past Executive Director | $113,848 | 2023-06-30 |
| Mike Griffin | Secretary and Treasurer | $0 | 2023-06-30 |
| Andy Myers | Chair | $0 | 2023-06-30 |
| Anthony Roberts | Board | $0 | 2023-06-30 |
| ...and 3 more key personnel |
Financials for Lake Norman Regional Economic Development Corporation
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $354,362 | $370,905 | -4.5% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $3,709 | $2,350 | 57.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $358,071 | $373,255 | -4.1% |
Organizations like Lake Norman Regional Economic Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Dawson Economic Development Council | 501(c)(3) | Glendive, MT | $134,885 |
| Nacogdoches Economic Development Corporation (NEDCO) | 501(c)(3) | Nacogdoches, TX | $356,433 |
| Ashland Area Economic Development Corporation | 501(c)(3) | Ashland, NE | $112,784 |
| Mitchell County Economic Development Commission | 501(c)(3) | Osage, IA | $155,121 |
| C3 of NW Alabama | 501(c)(3) | Guin, AL | $420,493 |
| Panhandle Area Development District | 501(c)(3) | Scottsbluff, NE | $1,640,034 |
| Roswell-Chaves County Economic Development Corporation | 501(c)(3) | Roswell, NM | $359,934 |
| Partnership for Economic Development | 501(c)(3) | Lake Havasu City, AZ | $619,650 |
| Macomb Area Economic Development Corporation | 501(c)(3) | Macomb, IL | $197,186 |
| Mesilla Valley Economic Development Alliance (MVEDA) | 501(c)(3) | Las Cruces, NM | $1,012,751 |
Data update history
May 21, 2024
Updated personnel
Identified 4 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 5, 2023
Updated personnel
Identified 5 new personnel
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
MembershipsState / local levelTax deductible donationsNo full-time employees
General information
- Address
- Co Town of Huntersville 100
- Huntersville, NC 28078
- Metro area
- Charlotte-Concord-Gastonia, NC-SC
- County
- Mecklenburg County, NC
- Website URL
- lnedc.com/Â
- Phone
- (704) 659-6587
IRS details
- EIN
- 51-0463069
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 2003
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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