Economic Development Partnership Corporation
Nonprofit profile at a glance
- EIN
- 874055398
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Shelby, NC, USA
- Phone
- 7046694701
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Societal Benefit
Reported finances
- Revenue
- $109,025
- Expenses
- $109,054
- Assets
- $428,582
- Liabilities
- $26,508
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- KERRI MELTON (PRESIDENT)
People named in this filing
- KERRI MELTON (PRESIDENT)
- RICK HOWELL (VP TREASURER)
- LUCAS JACKSON (VP SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cleveland county economic development partnership supports cleveland countys development, diversity and quality of life by attracting new industry, serving existing business, supporting entrepreneurship and fostering high-quality job growth.
What it reported doing in 2024
The ccedp team works up front and behind the scenes to provide a seamless, expedient and confidential process for all businesses from startups to fortune 500 companies looking to establish or expand their roots in cleveland county.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 100
- Sustainability: 54
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.9%; rating input score 90
- Program expense ratio: 89.9%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -0%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 3.93; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -27.9% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -16.9% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 89.9% of revenue deployed · 89.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $98K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.