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North Carolina · Nonprofit

DOWNTOWN GOLDSBORO DEVELOPMENT CORP

DOWNTOWN GOLDSBORO DEVELOPMENT CORP (North Carolina) receives grants from 7 organizations whose IRS filings report $38,900 to it, the largest being STATE EMPLOYEES CREDIT UNION FOUNDATION ($15,000). 4 of them have funded it in more than one year.

Revenue FY2025
$472k
Funders on record
7
Grants received
$39k
Net assets
$888k
4/7 repeat funderspeak grant-dependency 12%
01What it does

What Downtown Goldsboro Development Corp does

Mission

Provide leadership dedicated to the improvement of downtown goldsboro by creating and facilitating downtown development, promotion and preservation activities. Strive to enhance the appearance, desirability and vitality of downtown goldsboro.

As stated on its FY2025 Form 990.

Program

  1. Enhance the appearance, desirability and vitatlity of downtown goldsboro.

    $156,768 spent$47,119 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $156,768.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 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.

100 = 20182018 Revenue 100 ($156k) Expenses 100 ($109k) Net assets 100 ($370k)2019 Revenue 134 ($210k) Expenses 146 ($159k) Net assets 114 ($420k)2020 Revenue 131 ($204k) Expenses 106 ($116k) Net assets 137 ($508k)2021 Revenue 89 ($138k) Expenses 91 ($99k) Net assets 148 ($548k)2022 Revenue 92 ($143k) Expenses 130 ($142k) Net assets 148 ($549k)2023 Revenue 91 ($142k) Expenses 134 ($146k) Net assets 147 ($545k)2024 Revenue 135 ($210k) Expenses 167 ($182k) Net assets 155 ($572k)2025 Revenue 303 ($472k) Expenses 144 ($157k) Net assets 240 ($888k)
'18'19'20'21'22'23'24'25
Revenue (303)Expenses (144)Net assets (240)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $601k to $976k (+62%).

$497k
$503k
$576k
$601k
$976k
$962k
$977k
$1.3M
'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

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.

2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2025 64%. Grants only. Government contracts and fees sit inside program revenue.

81% of DOWNTOWN GOLDSBORO DEVELOPMENT CORP’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).

This organization
Typical peer · 12,454 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$47k
’18
$50k
’19
$88k
’20
$39k
’21
$1k
’22
−$4k
’23
$28k
’24
$315k
’25
39
months of
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.

2019202020212022202320242025
Listed3333444
Joined·+1+1+1+1+0+0
No longer listed·111000
03Who funds it

Who funds it, year by year

2017 → 2022: the base broadened from 1 funder to 3 funders, grant income rose $1k → $17k.

1 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% 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 DOWNTOWN GOLDSBORO DEVELOPMENT CORP’s funders (the co-funder graph). Top 6 of 7 funders by total. 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

DOWNTOWN GOLDSBORO DEVELOPMENT CORP leans on a few funders — its largest provides 39% of grant income and the top three 77%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

39%
largest funder
77%
top three
~4
effective funders

Largest funder’s share by year: 2017 100% · 2018 50% · 2019 100% · 2020 100% · 2021 100% · 2022 88% — 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

98% of DOWNTOWN GOLDSBORO DEVELOPMENT CORP's grant income comes from North Carolina funders.

MO
NC

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
North Carolina out of state home

Funder states come from each funder’s own filing. 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.

04Its place in the field

Against its field

DOWNTOWN GOLDSBORO DEVELOPMENT CORP runs a healthier operating margin than three-quarters of the 7,668 community improvement nonprofits its size.

Operating margin67% · top quartile
Months of reserve38.5mo · top quartile
Revenue growth (annualized)17% · top quartile

this organization peer median middle 50% of peers· 7,668 community improvement nonprofits $100k–$1M, FY2025

Organizations like DOWNTOWN GOLDSBORO DEVELOPMENT CORP

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

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

22
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990–Audited financials

Public support

98%

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 DOWNTOWN GOLDSBORO DEVELOPMENT CORP: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 DOWNTOWN GOLDSBORO DEVELOPMENT CORP?
DOWNTOWN GOLDSBORO DEVELOPMENT CORP (North Carolina) receives grants from 7 organizations whose IRS filings report $38,900 to it, the largest being STATE EMPLOYEES CREDIT UNION FOUNDATION ($15,000). 4 of them have funded it in more than one year.
How many funders does DOWNTOWN GOLDSBORO DEVELOPMENT CORP have?
IRS filings report 7 organizations giving $38,900 in grants to DOWNTOWN GOLDSBORO DEVELOPMENT CORP, 4 of which have funded it in more than one year.
Who is the largest funder of DOWNTOWN GOLDSBORO DEVELOPMENT CORP?
STATE EMPLOYEES CREDIT UNION FOUNDATION is the largest funder on record, with $15,000 in grants. The full list of funders is on this page.
How can an organization like DOWNTOWN GOLDSBORO DEVELOPMENT CORP 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 2018–2025), 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 22, 2026. What this page cannot tell you · view filing