Public Charity

VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION

VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION is a nonprofit organization categorized as Public Charity based in VALDESE, NC. Its most recent IRS filing (2025) reports revenue of $330K, expenses of $281K, total assets of $3.8M. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $40K.

EIN: 270301275 VALDESE, NC Rural Economic Development NTEE: S32 Latest filing: 2025
Total Revenue$330K
Total Expenses$281K
Total Assets$3.8M
Grant Records1
Funding Total$40K
Filing Years2021–2025

Mission

TO ENGAGE IN CHARITABLE AND EDUCATIONAL EFFORTS AND SPECIFICALLY SUPPORT ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT IN VALDESE NC AND BURKE COUNTY NC, THEREBY CREATING JOBS, INCREASING THE TAX BASE, AND IMPROVING QUALITY OF LIFE IN VALDESE NC AND BURKE COUNTY NC

Where $100 goes at Valdese Economic Development Invest Corporation

How Valdese Economic Development Invest Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$75 Programs the work itself
$25 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $75 for programs

$75
A revolving loan fund has been established whereby funding is provided for businesses to promote the small business sector in north carolina
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARDMEMBER Bryan Steen
BOARDMEMBER Butch Mcswain
BOARDMEMBER Crystal Reed
BOARDMEMBER Donna Zamora
BOARDMEMBER Gary Ogle
SECRETARY Jessica Bargsley

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$40,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $330K $281K $3.8M
2024 $358K $220K $3.9M
2023 $288K $199K $3.4M
2022 $283K $146K $3.4M
2021 $336K $176K $3.4M

Between 2021 and 2025, reported annual revenue held roughly steady at around $330K, with total assets most recently reported at $3.8M.

Interactive year-over-year charts and full filing details available with membership.

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