Mission
TO PROMOTE IN THE ECONOMIC DEVELOPMENT OF LOCAL MITCHELL COUNTY COMMUNITIES
Public Charity
MITCHELL COUNTY DEVELOPMENT FOUNDATION
MITCHELL COUNTY DEVELOPMENT FOUNDATION, of SPRUCE PINE, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.2M in revenue, $1.3M in expenses, $748K in total assets. 7 publicly reported grants to this organization, totaling roughly $602K, appear in IRS filings.
EIN: 562262436
SPRUCE PINE, NC
Theater
NTEE: A65
Latest filing: 2025
Total Revenue$1.2M
Total Expenses$1.3M
Total Assets$748K
Grant Records7
Funding Total$602K
Filing Years2017–2025
Where $100 goes at Mitchell County Development Foundation
How Mitchell County Development Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.
$98
Programs
the work itself
$2
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 $98 for programs
$98
To promote economic development and growth of local mitchell county communities
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
MITCHELL COUNTY DEVELOPMENT FOUNDATION IN MITCHELL COUNTY RECEIVED $510,000 000 FROM THE TRUIST WESTERN NORTH CAROLINA RECOVERY AND RESILIENCY FUND TO ADVANCE SMALL BUSINESS RECOVERY IN RESPONSE TO HURRICANE HELENE IN WESTERN NORTH CAROLINA. THE FUNDING WILL SUPPORT SMALL BUSINESS GRANT OPPORTUNITIES.
$510,000
GENERAL SUPPORT
$25,000
GENERAL SUPPORT
$25,000
GENERAL OPERATING SUPPORT
$20,000
For grant recipient's exempt purposes
$16,850
Showing up to 5 of 7 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Allen Cook
BOARD MEMBER
Chad Calhoun
VICE PRESIDENT
Charles Vines
BOARD MEMBER
Chris Gentry
PRESIDENT
Jeff Gouge
BOARD MEMBER
Jeff Harding
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $1.2M | $1.3M | $748K |
| 2024 | $202K | $63K | $912K |
| 2017 | $20K | $42K | $636K |
Between 2017 and 2025, reported annual revenue grew from $20K to $1.2M (+5564%), with total assets most recently reported at $748K.
Interactive year-over-year charts and full filing details available with membership.