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. 32 publicly reported grants to this organization, totaling roughly $1.4M, appear in IRS filings.

EIN: 464840814 RALEIGH, NC Economic Development NTEE: S30 Latest filing: 2025
Total Revenue$52.3M
Total Expenses$51.5M
Total Assets$130.7M
Grant Records32
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.

Where $100 goes at Economic Development Partnership of North Carolina Inc

How Economic Development Partnership of North Carolina Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$95 Programs the work itself
$5 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 $95 for programs

$52
Edpnc's visit nc team responded immediately to hurricane helene's destruction through extensive partner communications, proactive media relations, its well-publicized interactive travel advisory map, and more
55% of program spending
$32
Existing industry, small business support; business development, and business research and marketing
34% of program spending
$6
Edpnc and partners successfully competed for 128 business recruitment and expansion projects resulting in the announcement of 29,983 new jobs in north carolina and $25.3 billion in investment…
6% of program spending · Reported in the filing: 29,983 jobs; 14,564 jobs

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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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.

Sample Grants Received

2025
ECONOMIC DEVELOPMENT ASSISTANCE
$49,500
$50,000
2024
ECONOMIC DEVELOPMENT ASSISTANCE
$25,000
2024
CHARITABLE DONATION
$10,000

Showing up to 5 of 32 total records — full history available with membership.

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
$1,015,000 17 grants
Economic Development
$403,250 13 grants
Unspecified
$2,000 1 grant

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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