EIN 56-2042675

Martin County Economic Development Corporation

Name: Martin County Economic Development Corporation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

Williamston

State

North Carolina

Year formed

1997

Most recent tax filings

2022-06-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Martin County Economic Development Corporation promotes economic development within Martin County, North Carolina, and surrounding areas. It provides a business and technology center that offers incubator space for small businesses and grants access to advanced technologies for local businesses, the public, and area schools. The organization also supports business by assisting with the costs of leased space for existing industries, renovating facilities for new industries, covering soft costs of new shell buildings, and providing incentives to attract new industry.

Also known as...

Martin County Economic Development

Total revenues

$234,468

2022

Total expenses

$219,193

2022

Total assets

$1,786,300

2022

Num. employees

2022

Program areas at Martin County Economic Development Corporation

Business support and industrial recruitment includes cost of providing leased space to existing industry, cost of rehabilitating existing facility for new industry, soft cost of new shell building and incentives to new industry.

Business and technology center includes providing incubator space for small business and access to advanced technologies to area business, the public, and area schools. Also provides office space to federal, state, and local government organizations.

Personnel at Martin County Economic Development Corporation

Name	Title	Compensation	Date of data
Steve Biggs	President and Chief Executive Officer		2024-12-02
Jason Semple	Past President and Chief Executive Officer	$8,114	2022-06-30
Sarah Sproat	Assistant Secretary	$0	2023-08-06
Larry Biggs	Vice Chair	$0	2023-08-06
Mitchell Manning	Secretary	$0	2023-08-06
...and 7 more key personnel

Financials for Martin County Economic Development Corporation

Revenues	FYE 06/2022	FYE 06/2021	% Change
Total grants, contributions, etc.	$151,288	$154,061	-1.8%
Program services	$82,801	$117,644	-29.6%
Investment income and dividends	$379	$1,590	-76.2%
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	$234,468	$273,295	-14.2%

Form 990s for Martin County Economic Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-06	2024-12-02	990	View PDF
2021-06	2022-05-09	990	View PDF
2020-06	2021-02-22	990	View PDF
2019-06	2020-07-07	990	View PDF
2018-06	2019-03-19	990	View PDF
...and 8 more Form 990s

Organizations like Martin County Economic Development Corporation

Organization	Type	Location	Revenue
District 2 Community Enhancement Corporation	501(c)(3)	New Orleans, LA	$299,563
Staunton Downtown Development Association	501(c)(3)	Staunton, VA	$236,521
Progressive Alliance Community Development Corporation (PACDC)	501(c)(3)	Akron, OH	$171,765
Cumberland Empowerment Zone Corpora	501(c)(3)	Millville, NJ	$553,521
Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter	501(c)(3)	Red Bank, NJ	$1,051,896
Community Reuse Organization of East Tennessee (CROET)	501(c)(3)	Oak Ridge, TN	$519,165
Washington Harbor District All	501(c)(3)	Washington, NC	$291,743
Arch Development Corporation	501(c)(3)	Washington, DC	$601,664
Roosevelt-Custer Regional Council for Development	501(c)(3)	Bowman, ND	$179,501
Ocean City Development Corporation	501(c)(3)	Ocean City, MD	$622,836

Data update history

February 19, 2025

Posted financials

Added Form 990 for fiscal year 2022

January 20, 2025

Used new vendors

Identified 1 new vendor, including

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

August 6, 2023

Updated personnel

Identified 2 new personnel

June 26, 2023

Updated personnel

Identified 4 new personnel

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

State / local levelReceives government fundingTax deductible donationsAccepts online donations

General information

Address: 415 E Blvd; Williamston, NC 27892
County: Martin County, NC
Website URL: martincountyedc.com/
Phone: (252) 789-4904

IRS details

EIN: 56-2042675
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1997
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Martin County Economic Development Corporation

Program areas at Martin County Economic Development Corporation

Personnel at Martin County Economic Development Corporation

Financials for Martin County Economic Development Corporation

Form 990s for Martin County Economic Development Corporation

Organizations like Martin County Economic Development Corporation

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