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PROVIDING ACTIONABLE RESEARCH, SUPPORTING INDUSTRY CLUSTERS, AND FURTHERING EDUCATION AND WORKFORCE DEVELOPMENT.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$2M
Program Spending
86%
of total expenses go to program services
Total Contributions
$1.9M
Total Expenses
▼$2M
Total Assets
$3.2M
Total Liabilities
▼$187.3K
Net Assets
$3M
Officer Compensation
→$44.4K
Other Salaries
$692.6K
Investment Income
$33.7K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.6M
Awards Found
5
Department of Commerce
$1M
AS PART OF THE ECONOMIC DEVELOPMENT ADMINISTRATIONS (EDA) AMERICAN RESCUE PLAN (ARP) RECOVERY ASSISTANCE, THIS INVESTMENT IS FUNDED THROUGH EDAS STATEWIDE PLANNING PROGRAMONE OF SIX PROGRAMS EDA DEVELOPED TO EQUITABLY DISTRIBUTE ITS $3 BILLION IN ARP FUNDING. TO FURTHER HELP INVEST IN AMERICAS COMMUNITIES, EDA WILL AWARD $24 MILLION IN GRANTS TO STATES AND TERRITORIES ACROSS THE NATION FOR STATEWIDE PLANNING EFFORTS TO BOOST ECONOMIC DEVELOPMENT, COMBAT THE CLIMATE CRISIS, AND RECOVER FROM THE PANDEMIC. ALL 59 STATES AND TERRITORIES HAVE BEEN INVITED TO APPLY FOR A $1 MILLION GRANT, AND THIS $1 MILLION STATEWIDE PLANNING GRANT WILL BE USED TO LAY THE GROUNDWORK FOR PRESIDENT BIDENS BUILD BACK BETTER AGENDA TO BUILD RESILIENT ECONOMIES AND INCREASE U.S. COMPETITIVENESS, WHICH IS GIVING STATES AND TERRITORIES THE UNPRECEDENTED OPPORTUNITY TO BRING ALL THEIR COMMUNITIES TOGETHER TO DEVELOP COMPREHENSIVE PLANS TO BUILD BACK BETTER AND STRONGER.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2023 | Clean | Unmodified (Clean) | $1.2M | No | 2023-10-25 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.2M
Tax Year 2023 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024 | $2M | $1.9M | $2M | $3.2M | $3M |
| 2023IRS e-File | $2M | $1.9M | $2M | $3.2M | $3M |
| 2022IRS e-File | $3M | $2.9M | $2.7M | $3.3M | $3M |
| 2021 | $1.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Sue Ann Shannon | President & CEO | 40 | $40.3K | $0 | $0 | $40.3K |
| M Edward Sellers | Chairman | 1 | $0 | $0 | $0 | $0 |
| Joel A Smith Iii | Treasurer | 0.5 | $0 | $0 | $0 | $0 |
Sue Ann Shannon
President & CEO
$40.3K
Hrs/Wk
40
Compensation
$40.3K
Related Orgs
$0
Other
$0
M Edward Sellers
Chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Joel A Smith Iii
Treasurer
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Don Herriott | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| George Wolfe | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| John Lumpkin Jr | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| M William Youngblood | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Mike Mizeur | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Pamela Lackey | Board Member |
Don Herriott
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
George Wolfe
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
John Lumpkin Jr
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $1.9M |
| $1.5M |
| $3M |
| $2.6M |
| 2020 | $1.9M | $1.9M | $1.4M | $2.6M | $2.2M |
| 2019 | $1.7M | $1.7M | $1.2M | $2.3M | $1.7M |
| 2018 | $1.7M | $1.7M | $1.3M | $1.3M | $1.3M |
| 2017 | $1.8M | $1.8M | $1.6M | $1M | $890K |
| 2016 | $1.8M | $1.8M | $1.6M | $971.7K | $727.3K |
| 2015 | $1.7M | $1.6M | $1.4M | $876.8K | $530.8K |
| 2014 | $2.1M | $2.1M | $1.8M | $601.8K | $288.9K |
| 2013 | $1.1M | $1.1M | $1.3M | $396.1K | $44.5K |
| 2012 | $1.6M | $1.6M | $1.5M | $409.4K | $241.5K |
| 2011 | $975.7K | $975.6K | $858.8K | $274.3K | $67.4K |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 0.5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Paula Harper Bethea | Board Member | 0.5 | $0 | $0 | $0 | $0 |
M William Youngblood
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Mike Mizeur
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Pamela Lackey
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Paula Harper Bethea
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0