North Carolina · Nonprofit
ALBEMARLE DEVELOPMENT CORPORATION
ALBEMARLE DEVELOPMENT CORPORATION (North Carolina) receives grants from 7 organizations whose IRS filings report $311,931 to it, the largest being NORTH CAROLINA COMMUNITY FOUNDATION ($131,871). 2 of them have funded it in more than one year.
- Revenue FY2026
- $18k
- Funders on record
- 7
- Grants received
- $312k
- Net assets
- $0
What Albemarle Development Corporation does
Mission
Improve the quality of life for regional citizens
As stated on its FY2026 Form 990-EZ.
Programs
Provided emergency financial assistance to students and low-wage workers experiencing unexpected financial hardships to help address urgent needs.
$45,000 spentof which $45,000 as grants74% of program spendingProvided a noontime meal to individuals who are unable to physically or mentally prepare their own meals and have limited social supports. Served over 500 homebound adults.
$15,500 spentof which $15,500 as grants26% of program spending
The 2 programs described on its FY2025 Form 990-EZ. Program spending in total: $60,500.
The organization over time
Each line starts at 100 in 2024, so what you read is the shape rather than the size: 150 means half as much again as 2024, 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.
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.
100% of ALBEMARLE DEVELOPMENT CORPORATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (100% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 3 reported years ran a deficit.
Leadership and staff
Chief executive
David Whitmer
CEO
Board chair
Robert Kirby
Chair
As listed on its FY2025 Form 990-EZ.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $23k → $81k.
1 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 42% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of ALBEMARLE DEVELOPMENT CORPORATION’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
ALBEMARLE DEVELOPMENT CORPORATION leans on a few funders — its largest provides 42% of grant income and the top three 90%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
98% 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 ALBEMARLE DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 78% · 2018 100% · 2019 64% · 2020 57% · 2021 50% · 2022 65% · 2023 74% — 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
61% of ALBEMARLE DEVELOPMENT CORPORATION'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. $132k arriving through sponsors registered in 1 state 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
ALBEMARLE DEVELOPMENT CORPORATION's funding base is broadening — from 2 funders to 3 as grant income climbed.
this organization peer median middle 50% of peers· 262 human services nonprofits under $100k, FY2026
Organizations like ALBEMARLE DEVELOPMENT CORPORATION
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.
Public support
0%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for ALBEMARLE DEVELOPMENT CORPORATION: 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 ALBEMARLE DEVELOPMENT CORPORATION?
- ALBEMARLE DEVELOPMENT CORPORATION (North Carolina) receives grants from 7 organizations whose IRS filings report $311,931 to it, the largest being NORTH CAROLINA COMMUNITY FOUNDATION ($131,871). 2 of them have funded it in more than one year.
- How many funders does ALBEMARLE DEVELOPMENT CORPORATION have?
- IRS filings report 7 organizations giving $311,931 in grants to ALBEMARLE DEVELOPMENT CORPORATION, 2 of which have funded it in more than one year.
- Who is the largest funder of ALBEMARLE DEVELOPMENT CORPORATION?
- NORTH CAROLINA COMMUNITY FOUNDATION is the largest funder on record, with $131,871 in grants. The full list of funders is on this page.
- How can an organization like ALBEMARLE DEVELOPMENT CORPORATION 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.
Play a game about who funds Albemarle Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2026 (financials across 2024–2026), and the filings of 7 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 14, 2026. What this page cannot tell you · view filing