Nonpartisan civic infrastructure
AllCiv·Legis1
·

Rural Economic Development Center INC

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

Money Out (latest fiscal year)

990 · FY ending 2024-06-30
Very large (approx.)
Total spending
$13.1M
→
Grants paid
$2.2M
Lobbying
$75K
Program services
$7.5M

Top contractors (990 Part VII §B)

ContractorServiceStateCompensation
Intellectual Currency LLCProgram consulting & management services—$710K
Orion FirstLoan servicing services—$227K
Wyrick Robbins Yates and Ponton LLPLegal services—$185K
Brooks Pierce Mclendon Humphrey and LEONLegal services—$166K
Johnson LambertAudit and TAX services—$164K

Lobbying — 501(h) Election (Sch C Part II-A)

Total lobbying expenditures$75K
Direct lobbying$75K
Grassroots lobbying$0
501(h) lobbying ceiling$3.8M
Lobbying nontaxable amount$805K
Grassroots ceiling$944K
Total exempt-purpose expenditures$13.1M

Grants Made (Top 50 by amount)

4,720 grants · $486.8M total
RecipientStateIRC sectionCash grantPurpose
NORTH CAROLINA STATE UNIVERSITY SMALL BUSINESS AND TECHNOLOGY DEVELOPMENT C
EIN 566000756
NC115$1.8MSSBCI TA GRANT
INSTITUTE CAPITAL INC
EIN 562142717
NC501(C)(3)$775KCDFI CAPACITY BUILDING PROGRAM GRANTS
MOUNTAIN BIZWORKS
EIN 141864873
NC501(C)(3)$736KCDFI CAPACITY BUILDING PROGRAM GRANTS
PARTNER COMMUNITY CAPITAL INC
EIN 542058754
NC501(C)(3)$725KCDFI CAPACITY BUILDING PROGRAM GRANTS
ARRAY COMMUNITY DEVELOPMENT CORPORATION
EIN 823391726
NC501(C)(3)$627KSHELLFISH GROWERS PROGRAM GRANT