North Carolina · Nonprofit
ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION
ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION (North Carolina) receives grants from 6 organizations whose IRS filings report $348,863 to it, the largest being THE LABCORP CHARITABLE FOUNDATION ($162,000). 4 of them have funded it in more than one year.
- Revenue FY2025
- $452k
- Funders on record
- 6
- Grants received
- $349k
- Net assets
- $1.5M
What Alamance County Economic Development Foundation does
Mission
The mission of the foundation is to enhance the welfare of business and to promote and stimulate economic vitality in the alamance county area for the benefit of its members and the community.
As stated on its FY2025 Form 990.
Program
The foundation's activities seek to increase jobs and new investment in the alamance county area and to assist in and facilitate the growth of jobs and investment in existing industry in the area through marketing, research, and public/media relations. In 2025, the foundation awarded 14 grants totaling $105,000. Additional grant and sponsorship monies paid out for other purposes.
$408,300 spentof which $111,400 as grants100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $408,300.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $905k to $1.1M (+20%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
90% of ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Ryan Moffitt
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $17k → $105k.
3 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 46% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $56k from 2 payers (the payer shares this organization's board, largest Moses H Cone Memorial Hospital Operating Corporation). These are real filings, and they are not money ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION raised.
From the IRS filings of ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION leans on a few funders — its largest provides 46% of grant income and the top three 88%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
46% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 86% · 2023 48% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
97% of ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $162k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION holds deeper cash reserves than three-quarters of the 7,668 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 7,668 community improvement nonprofits $100k–$1M, FY2025
Organizations like ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
94% of spending goes to programs.
Governance
Public support
47%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 1 related entity
- Alamance County Area Chamber of Commerce Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION?
- ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION (North Carolina) receives grants from 6 organizations whose IRS filings report $348,863 to it, the largest being THE LABCORP CHARITABLE FOUNDATION ($162,000). 4 of them have funded it in more than one year.
- How many funders does ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION have?
- IRS filings report 6 organizations giving $348,863 in grants to ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION, 4 of which have funded it in more than one year.
- Who is the largest funder of ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION?
- THE LABCORP CHARITABLE FOUNDATION is the largest funder on record, with $162,000 in grants. The full list of funders is on this page.
- How can an organization like ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing