North Carolina · Nonprofit
LAKE NORMAN REGIONAL ECONOMIC DEVELOPMENT CORPORATION
LAKE NORMAN REGIONAL ECONOMIC DEVELOPMENT CORPORATION (North Carolina) receives grants from 2 organizations whose IRS filings report $60,000 to it, the largest being THE PRESBYTERIAN HOSPITAL ($50,000). 1 of them have funded it in more than one year.
- Revenue FY2025
- $98k
- Funders on record
- 2
- Grants received
- $60k
- Net assets
- $0
What Lake Norman Regional Economic Development Corporation does
Mission
Facilitate and enhance economic development
As stated on its FY2025 Form 990.
Programs
Contracted salaries: this program service includes salaries for three employees, the executive director and the community relations manager, and workforce development manager. Services provided include marketing, project management, property analysis and development, workforce development, fundraising, and existing industry calls. Other services are provided to the towns of cornelius, davidson and huntersville as requested on a case-by-case basis.
$185,662 spent51% of program spendingContracted employee benefits: this program service covers usual benefits including health insurance, life insurance, disability insurance, 401k, retirement, and annual leave for the three employees described above.
$66,542 spent18% of program spendingTravel and training: this program service covers travel expenses related to projects and training sessions such as the iedc annual conference attended by the executive director. It also includes expenses related to attending professional development seminars sponsored by the international economic development council and the nc economic developers association. In addition, other expenses in this category comprise of professional certification classes and activities.
$21,747 spent6% of program spendingOther program services, not described on the e-filed return.
$91,340 spent25% of program spending
The 4 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $365,291.
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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $274k to $0 (−100%).
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.
Government-grant reliance: 2025 99%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 7 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.
Who funds it, year by year
2017 → 2021: the base held at 1 funder, grant income held at $10k.
1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 17% 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 LAKE NORMAN REGIONAL ECONOMIC 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
LAKE NORMAN REGIONAL ECONOMIC DEVELOPMENT CORPORATION leans on a few funders — its largest provides 83% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% 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 LAKE NORMAN REGIONAL ECONOMIC DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 100% — broadly stable.
“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
100% of LAKE NORMAN REGIONAL ECONOMIC 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. $10k 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.
Organizations like LAKE NORMAN REGIONAL ECONOMIC 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.
Where the money goes
40% of spending goes to programs.
Governance
Public support
99%
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 LAKE NORMAN REGIONAL ECONOMIC 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 LAKE NORMAN REGIONAL ECONOMIC DEVELOPMENT CORPORATION?
- LAKE NORMAN REGIONAL ECONOMIC DEVELOPMENT CORPORATION (North Carolina) receives grants from 2 organizations whose IRS filings report $60,000 to it, the largest being THE PRESBYTERIAN HOSPITAL ($50,000). 1 of them have funded it in more than one year.
- How many funders does LAKE NORMAN REGIONAL ECONOMIC DEVELOPMENT CORPORATION have?
- IRS filings report 2 organizations giving $60,000 in grants to LAKE NORMAN REGIONAL ECONOMIC DEVELOPMENT CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of LAKE NORMAN REGIONAL ECONOMIC DEVELOPMENT CORPORATION?
- THE PRESBYTERIAN HOSPITAL is the largest funder on record, with $50,000 in grants. The full list of funders is on this page.
- How can an organization like LAKE NORMAN REGIONAL ECONOMIC 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 Lake Norman Regional Economic Development →
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 2 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