Public Charity

ECONOMIC DEVELOPMENT PARTNERSHIP OF NORTH CAROLINA INC

ECONOMIC DEVELOPMENT PARTNERSHIP OF NORTH CAROLINA INC is a Public Charity headquartered in RALEIGH, NC. Financial data from the 2025 filing: $52.3M revenue, $51.5M expenses, $130.7M total assets. 30 publicly reported grants to this organization, totaling roughly $1.4M, appear in IRS filings.

EIN: 464840814 RALEIGH, NC Latest filing: 2025
Total Revenue$52.3M
Total Expenses$51.5M
Total Assets$130.7M
Grant Records30
Funding Total$1.4M
Filing Years2021–2025

Mission

OUR MISSION IS TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL NORTH CAROLINIANS. WE DO THIS BY COLLABORATING WITH STATE, REGIONAL, LOCAL, AND PRIVATE-SECTOR PARTNERS IN NEW BUSINESS RECRUITMENT, EXISTING EMPLOYER SUPPORT, INTERNATIONAL TRADE AND EXPORT ASSISTANCE, SMALL BUSINESS START-UP COUNSELING, AND TOURISM PROMOTION.

Officers & Directors

DIRECTOR Aaron Thomas
DIRECTOR BUS. DEVELOPMENT Anders Victor
DIRECTOR Andrew Schmidt
DIRECTOR Bhaskar Venepalli
CEO Christopher Chung
VP MARKETING Denise Desatnick

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT
$530,000 3 grants
CONTRIBUTION
$400,000 8 grants
ECONOMIC DEVELOPMENT ASSISTANCE
$353,750 12 grants
COMMUNITY OUTREACH
$40,000 1 grant
1 GRANT(S) FOR VARYING PURPOSES
$20,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $52.3M $51.5M $130.7M
2024 $42.1M $40.7M $38.7M
2023 $52.5M $51.3M $25.1M
2022 $25.9M $25.1M $8.2M
2021 $39.9M $38.5M $8.6M

Between 2021 and 2025, reported annual revenue grew from $39.9M to $52.3M (+31%), with total assets most recently reported at $130.7M.

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

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