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EIN 27-0301275

Valdese Economic Development Investment Corporation

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Valdese
State
North Carolina
Year formed
2008
Most recent tax filings
2023-06-01
NTEE code, primary
S30: Economic Development
Description
Valdese Economic Development Investment Corporation engages in charitable and educational efforts, specifically supporting economic and community development in Valdese NC and Burke County NC to create jobs, increase the tax base, and improve quality of life. It has established a revolving loan fund that provides funding for businesses to promote the small business sector in North Carolina.
Total revenues
$288,431
2023
Total expenses
$199,193
2023
Total assets
$3,398,377
2023
Num. employees
3
2023

Program areas at Valdese Economic Development Investment Corporation

A revolving loan fund has been established whereby funding is provided for businesses to promote the small business sector in north carolina

Personnel at Valdese Economic Development Investment Corporation

NameTitleCompensation
Kerri PoteatExecutive Director$72,711
Johnny BerryTreasurer$0
Sherry LongVice Chairman / Vice Chair / Board Member$0
Sherri BradshawSecretary / Board Member$0
Tonia StephensonVice Chair / Vice - Chairman / Board Member$0
...and 4 more key personnel

Financials for Valdese Economic Development Investment Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$137,979
Program services$9,111
Investment income and dividends$141,341
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$288,431

Form 990s for Valdese Economic Development Investment Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-02990View PDF
2022-062023-05-11990View PDF
2021-062022-05-12990View PDF
2020-062021-05-20990View PDF
2019-062020-10-07990View PDF
...and 8 more Form 990s

Organizations like Valdese Economic Development Investment Corporation

OrganizationLocationRevenue
The Valley Economic AllianceSherman Oaks, CA$651,740
Taos County Economic Development CorpTaos, NM$309,481
Hudson Valley Agri-Business Development CorporationHudson, NY$1,193,817
South County Economic Development CouncilNational City, CA$478,386
Steuben County Economic Development CorporationAngola, IN$561,883
Danville Boyle County Development CorporationDanville, KY$349,771
Davie County Economic Development CommissionMocksville, NC$371,126
Ravalli County Economic Development AuthorityHamilton, MT$383,902
Tyler Economic Development CouncilTyler, TX$801,799
Dubois StrongJasper, IN$322,485
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 1 new personnel
May 16, 2023
Updated personnel
Identified 1 new personnel
December 15, 2021
Updated personnel
Identified 1 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
PO Box 1225
Valdese, NC 28690
Metro area
Hickory-Lenoir-Morganton, NC
County
Burke County, NC
Website URL
vedicnc.com/contact-and-employment/ 
Phone
(828) 879-2120
IRS details
EIN
27-0301275
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2008
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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