EIN 26-4731595

Community Development Foundation

Name: Community Development Foundation financials for 2024
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Fayetteville

State

North Carolina

Year formed

2009

Most recent tax filings

2024-06-01

NTEE code, primary

S30: Economic Development

Description

The Community Development Foundation provides services to help the community grow and develop business relations with new and old businesses that are in the community, as well as new ones that come in. Its mission is focused on economic development in Fayetteville NC and Cumberland County. Engaging in economic development activities intended to increase the tax base or create jobs in the city of Fayetteville and Cumberland County, the organization is located in Fayetteville, NC.

Also known as...

The Alliance Foundation

Total revenues

$198,809

2024

Total expenses

$125,785

2024

Total assets

$2,713,400

2024

Num. employees

2024

Program areas at Community Development Foundation

The organization is engaging in economic Development activities intended to increase the tax base or creat jobs in the city of fayetteville and cumberland county.

Who funds Community Development Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
The Bank of America Charitable Foundation	2023-12	Program/operating Support	$1,500
The Bank of America Charitable Foundation	2023-12	Program/operating Support	$1,500

Personnel at Community Development Foundation

Name	Title	Compensation	Date of data
John McCauley	Chairman	$0	2024-02-01
Kelvin Farmer	President		2022-06-30
Andrew Pennink	Vice Chair	$0	2023-06-30
Vivek Tandon	Treasurer	$0	2023-06-30

Financials for Community Development Foundation

Revenues	FYE 06/2024	FYE 06/2023	% Change
Total grants, contributions, etc.	$117,324	$71,146	64.9%
Program services	$0	$0	-
Investment income and dividends	$81,485	$20,819	291.4%
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	$198,809	$91,965	116.2%

Form 990s for Community Development Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2024-06	2024-08-15	990	View PDF
2023-06	2024-02-01	990	View PDF
2015-06	2016-01-20	990	View PDF
2014-06	2015-07-15	990	View PDF
2013-06	2014-01-09	990	View PDF
...and 5 more Form 990s

Organizations like Community Development Foundation

Organization	Type	Location	Revenue
Central Philadelphia Development Corporation	501(c)(3)	Philadelphia, PA	$257,833
City of Gary Economic Development Corporation	501(c)(3)	Gary, IN	$95,838
Dwight Economic Alliance	501(c)(3)	Dwight, IL	$69,908
Bethlehem Economic Development Corporation	501(c)(3)	Bethlehem, PA	$675,302
Regional Economic Development Corporation	501(c)(3)	Marion, IL	$985,503
Elmore County Economic Development Authority	501(c)(3)	Wetumpka, AL	$728,154
Kit Carson Rural Development	501(c)(3)	Kit Carson, CO	$910,929
Williamsburg County Development Corporation	501(c)(3)	Kingstree, SC	$426,372
Economic and Community Growth Corporation of Lycoming County	501(c)(3)	Williamsport, PA	$272,488
Morehead Rowan County Industrial Development Authority	501(c)(3)	Morehead, KY	$320,030

Data update history

July 14, 2024

Received grants

Identified 2 new grant, including a grant for $1,500 from The Bank of America Charitable Foundation

June 1, 2024

Posted financials

Added Form 990 for fiscal year 2023

May 21, 2024

Updated personnel

Identified 22 new personnel

May 19, 2024

Used new vendors

Identified 1 new vendor, including

June 26, 2023

Received grants

Identified 1 new grant, including a grant for $1,500 from The Bank of America Charitable Foundation

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Arts, cultural, and humanitiesCommunity improvementEconomic development

Characteristics

State / local levelTax deductible donationsNo full-time employees

General information

Address: 201 Hay St A Ste 401; Fayetteville, NC 28301
Metro area: Fayetteville, NC
County: Cumberland County, NC
Phone: (910) 500-6464

IRS details

EIN: 26-4731595
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 2009
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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Community Development Foundation

Program areas at Community Development Foundation

Who funds Community Development Foundation

Personnel at Community Development Foundation

Financials for Community Development Foundation

Form 990s for Community Development Foundation

Organizations like Community Development Foundation

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