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Rural Economic Development Center INC

Public charityFed auditsIRS 990
Community Development · RALEIGH, NC · EIN 56-1552375

About

The mission of the organization is to develop, implement and promote sound economic strategies that improve the quality of life of rural north carolinians, with a special focus on individuals with low to moderate incomes and communities with limited resources.

Donations are tax-deductible
Category
Community Development
Employees
68
Volunteers
23

Financial Snapshot

FY ending 2024-06-30
Revenue
$60.7M
Expenses
$13.1M
Assets
$247.4M
Liabilities
$86.7M

Financial history

$60.7M$30.3M$0
161718192021222324
RevenueExpenses
Latest FY2024: $60.7M · Avg: $16.7M

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
—
Lobbying
$75K
Grants Given
$2.2M
RURAL ECONOMIC DEVELOPMENT CENTER INC
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Address

4021 Carya DR
Raleigh, NC, 27610-291

Governance

Voting board members21
Independent members21
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
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