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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$60.7M
Program Spending
78%
of total expenses go to program services
Total Contributions
$49.9M
Total Expenses
▼$13.1M
Total Assets
$247.4M
Total Liabilities
▼$86.7M
Net Assets
$160.7M
Officer Compensation
→$1.6M
Other Salaries
$3M
Investment Income
$9.4M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$6.3M
Awards Found
24
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Commerce | AMERICAN RECOVERY AND REINVESTMENT ACT - SBDD-RURAL ECONOMIC DEVELOPMENT CENTER INC. | $2.6M | FY2010 | Oct 2009 – Oct 2014 | Open → |
| Appalachian Regional Commission | ACCESS TO CAPITAL | $1M | — | — – — | Open → |
| Department of Commerce | RURAL ACCELERATOR | $500K | FY2012 | Jul 2012 – Jan 2014 | Open → |
| Small Business Administration | N.C. RURAL SMALL BUSINESS ENHANCEMENT PROJECT | $250K | FY2010 | Sep 2010 – Sep 2012 | Open → |
| Department of Agriculture | RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS | $205.2K | FY2015 | May 2015 – Nov 2019 | Open → |
| Appalachian Regional Commission | COMMUNITY CAPACITY | $200K | FY2012 | Jul 2012 – Jun 2014 | Open → |
| Department of Agriculture | RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS | $198.8K | FY2012 | Sep 2012 – Aug 2016 | Open → |
| Department of Agriculture | RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS | $198.2K | FY2010 | Mar 2010 – Feb 2014 | Open → |
| Department of Agriculture | RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT | $197.1K | FY2016 | May 2016 – May 2018 | Open → |
| Small Business Administration | PRIME TWO GRANT | $130.8K | FY2010 | Sep 2010 – Sep 2013 | Open → |
| Department of the Treasury | TECHNICAL ASSISTANCE AWARD | $125K | — | — – — | Open → |
| Department of Agriculture | SEC. 6022 RMAP-RURAL ASSIST GRANTS (MAN) | $103.8K | FY2010 | Sep 2010 – Sep 2012 | Open → |
| Department of Agriculture | SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN) | $100K | FY2016 | Mar 2016 – Mar 2018 | Open → |
| Department of Agriculture | PROMOTE AWARENESS OF | $99.6K | — | — – — | Open → |
| Department of Agriculture | RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS | $97.6K | FY2017 | Sep 2017 – Sep 2020 | Open → |
| Department of Agriculture | RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS | $92K | FY2012 | Sep 2012 – Jul 2017 | Open → |
| Department of Agriculture | RURAL BUSINESS ENTERPRISE GRANTS | $75K | FY2013 | Jun 2013 – Jun 2013 | Open → |
| Department of Agriculture | RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT | $68K | FY2018 | Jul 2018 – Jul 2020 | Open → |
| Department of Agriculture | SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN) | $55.1K | FY2017 | Sep 2017 – Sep 2019 | Open → |
| Department of Agriculture | SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN) | $53.3K | FY2018 | Sep 2018 – Sep 2020 | Open → |
| Department of Agriculture | SECD RURAL BUSINESS DEVELOPMENT COOP RBEG GRANT | $32K | FY2016 | May 2016 – May 2018 | Open → |
| Appalachian Regional Commission | TECHNICAL ASSISTANCE | $4,385 | FY2010 | Jul 2010 – Jun 2011 | Open → |
| Environmental Protection Agency | THIS PROJECT IS TO DETERMINE NORTH CAROLINA'S WATER RESOURCE NEEDS FOR THE NEXT 25 YEARS AND EXPLORE OPTIONS TO ENSURE THAT NORTH CAROLINIANS WILL HA | $0 | FY2004 | Oct 2003 – Jun 2010 | Open → |
| Department of Housing and Urban Development | ECONOMIC DEVELOPMENT INITIATIVE-SPECIAL PROJECT NEIGHBORHOOD INITIATIVE AND MISCELLANEOUS GRANTS | -$14.1K | FY2004 | Aug 2004 – — | Open → |
Department of Commerce
$2.6M
AMERICAN RECOVERY AND REINVESTMENT ACT - SBDD-RURAL ECONOMIC DEVELOPMENT CENTER INC.
Small Business Administration
$250K
N.C. RURAL SMALL BUSINESS ENHANCEMENT PROJECT
Department of Agriculture
$205.2K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Department of Agriculture
$198.8K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Department of Agriculture
$198.2K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Department of Agriculture
$197.1K
RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT
Department of Agriculture
$103.8K
SEC. 6022 RMAP-RURAL ASSIST GRANTS (MAN)
Department of Agriculture
$100K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$97.6K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Department of Agriculture
$92K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Department of Agriculture
$68K
RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT
Department of Agriculture
$55.1K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$53.3K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$32K
SECD RURAL BUSINESS DEVELOPMENT COOP RBEG GRANT
Environmental Protection Agency
$0
THIS PROJECT IS TO DETERMINE NORTH CAROLINA'S WATER RESOURCE NEEDS FOR THE NEXT 25 YEARS AND EXPLORE OPTIONS TO ENSURE THAT NORTH CAROLINIANS WILL HA
Department of Housing and Urban Development
-$14.1K
ECONOMIC DEVELOPMENT INITIATIVE-SPECIAL PROJECT NEIGHBORHOOD INITIATIVE AND MISCELLANEOUS GRANTS
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
6
Clean Audits
6
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $57.9M | Yes | 2026-01-06 |
| 2024 | Clean | Unmodified (Clean) | $66.9M | Yes | 2024-12-17 |
| 2023 | Clean | Unmodified (Clean) | $81.4M | Yes | 2024-01-08 |
| 2022 | Clean | Unmodified (Clean) | $89.9M | Yes | 2022-12-12 |
| 2021 | Clean | Unmodified (Clean) | $89.9M | No | 2022-02-09 |
| 2020 | Clean | Unmodified (Clean) | $6.1M | No | 2021-03-04 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$57.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$66.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$81.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$89.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$89.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.1M
Tax Year 2024 · 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 |
|---|---|---|---|---|---|
| 2023IRS e-File | $60.7M | $49.9M | $13.1M | $247.4M | $160.7M |
| 2022 | $11.4M | $5.7M | $7.4M | $223.6M | $108.7M |
| 2021 | $47.8M | $42.4M | $6.1M | $231M | $111.5M |
| 2020 | $6M | $1.7M | $4.7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Patrick Woodie | President & CEO | 40 | $250.1K | $0 | $35.6K | $285.7K |
| Jonathan Brereton | Exec Dir, Thread Capital (to Aug '23) | 20 | $237.5K | $0 | $46.4K | $283.9K |
| Franklin T Roberts | Cfo/asst Treasurer | 40 | $198.3K | $0 | $36K | $234.3K |
| Joy Stewart | Dir Of Internal Compliance And Audit | 40 | $156.8K | $0 | $19.4K | $176.1K |
| Carolyn Rhodes | COO (from Jul '23) | 40 | $111.6K | $0 | $13K | $124.6K |
| Laura Carlson | Assistant Secretary | 40 | $80.2K | $0 | $17K | $97.2K |
| Nelle Hotchkiss | Chair (to Dec '23) | 1 | $0 | $0 | $0 | $0 |
| Phil Marion | Chair | 1 | $0 | $0 | $0 | $0 |
| Sara Chester | Vice-chair | 1 | $0 | $0 | $0 | $0 |
| Yolanda Taylor | Secretary | 1 | $0 | $0 | $0 | $0 |
| Paula Benson | Treasurer | 1 | $0 | $0 | $0 | $0 |
Patrick Woodie
President & CEO
$285.7K
Hrs/Wk
40
Compensation
$250.1K
Related Orgs
$0
Other
$35.6K
Jonathan Brereton
Exec Dir, Thread Capital (to Aug '23)
$283.9K
Hrs/Wk
20
Compensation
$237.5K
Related Orgs
$0
Other
$46.4K
Franklin T Roberts
Cfo/asst Treasurer
$234.3K
Hrs/Wk
40
Compensation
$198.3K
Related Orgs
$0
Other
$36K
Joy Stewart
Dir Of Internal Compliance And Audit
$176.1K
Hrs/Wk
40
Compensation
$156.8K
Related Orgs
$0
Other
$19.4K
Carolyn Rhodes
COO (from Jul '23)
$124.6K
Hrs/Wk
40
Compensation
$111.6K
Related Orgs
$0
Other
$13K
Laura Carlson
Assistant Secretary
$97.2K
Hrs/Wk
40
Compensation
$80.2K
Related Orgs
$0
Other
$17K
Nelle Hotchkiss
Chair (to Dec '23)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Phil Marion
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sara Chester
Vice-chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Yolanda Taylor
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Paula Benson
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Misty Herget | Chief Programs Officer | 40 | $204K | $0 | $28.2K | $232.2K |
| Armeer G Kenchen | Exec Dir, Cornersquare Llc | 40 | $184.6K | $0 | $34.9K | $219.5K |
| Jalisha Richmond | Dir Of Lending And Client Support | 40 | $136.5K | $0 | $24.4K | $160.9K |
| Juvon Legare-Rivers | Product Manager | 40 | $132.5K | $0 | $22.3K | $154.8K |
| Daniel Michael | Controller | 40 | $125.6K | $0 | $27.3K | $152.9K |
Misty Herget
Chief Programs Officer
$232.2K
Hrs/Wk
40
Compensation
$204K
Related Orgs
$0
Other
$28.2K
Armeer G Kenchen
Exec Dir, Cornersquare Llc
$219.5K
Hrs/Wk
40
Compensation
$184.6K
Related Orgs
$0
Other
$34.9K
Jalisha Richmond
Dir Of Lending And Client Support
$160.9K
Hrs/Wk
40
Compensation
$136.5K
Related Orgs
$0
Other
$24.4K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Al Bass | Board Member | 1 | $0 | $0 | $0 | $0 |
| Alice Schenall | Board Member | 1 | $0 | $0 | $0 | $0 |
| Andy Anderson | Board Member | 1 | $0 | $0 | $0 | $0 |
| Anne Faircloth | Board Member (from Jan '24) | 1 | $0 | $0 | $0 | $0 |
| Ben Knight | Board Member | 1 | $0 | $0 | $0 | $0 |
| Brenda Berg | Board Member (to Dec '23) |
Al Bass
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Alice Schenall
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Andy Anderson
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $91.8M |
| $62.7M |
| 2019 | $7.4M | $1.2M | $8.6M | $69.8M | $62.7M |
| 2018 | $4.6M | $1.9M | $3.5M | $73.8M | $70.6M |
| 2017 | $4.3M | $2.6M | $2.8M | $67.3M | $65M |
| 2016 | $6.8M | $5.5M | $3.4M | $62.8M | $60M |
| 2015 | $10.3M | $8.8M | $3.3M | $63.1M | $55.5M |
| 2014 | $16.6M | $2.1M | $20.1M | $63.6M | $46.3M |
| 2013 | $44.1M | $28M | $54.8M | $179.2M | $149.8M |
| 2012 | $38.9M | $33.7M | $61.7M | $173.7M | $160.6M |
| 2011 | $37.7M | $34.4M | $77.8M | $200M | $183.4M |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 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 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| Shannon O'Shea |
| Sbc Dir Of Operations |
| 40 |
| $137.3K |
| $0 |
| $13.2K |
| $150.5K |
Juvon Legare-Rivers
Product Manager
$154.8K
Hrs/Wk
40
Compensation
$132.5K
Related Orgs
$0
Other
$22.3K
Daniel Michael
Controller
$152.9K
Hrs/Wk
40
Compensation
$125.6K
Related Orgs
$0
Other
$27.3K
Shannon O'Shea
Sbc Dir Of Operations
$150.5K
Hrs/Wk
40
Compensation
$137.3K
Related Orgs
$0
Other
$13.2K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Brittany Bennett Weston | Board Member | 1 | $0 | $0 | $0 | $0 |
| Casey Cooper | Board Member | 1 | $0 | $0 | $0 | $0 |
| Dr Zachary Barricklow | Board Member (from Jan '24) | 1 | $0 | $0 | $0 | $0 |
| Gil Wise | Board Member | 1 | $0 | $0 | $0 | $0 |
| Jennifer Tolle Whiteside | Board Member | 1 | $0 | $0 | $0 | $0 |
| Jose Alvarez | Board Member | 1 | $0 | $0 | $0 | $0 |
| Kim Shepherd | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mike Hawkins | Board Member | 1 | $0 | $0 | $0 | $0 |
| Randolph Keaton | Board Member | 1 | $0 | $0 | $0 | $0 |
| Randy Gore | Board Member (from Jan '24) | 1 | $0 | $0 | $0 | $0 |
| Ryan Ammann | Board Member | 1 | $0 | $0 | $0 | $0 |
| Weyling White | Board Member | 1 | $0 | $0 | $0 | $0 |
Anne Faircloth
Board Member (from Jan '24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ben Knight
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Brenda Berg
Board Member (to Dec '23)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Brittany Bennett Weston
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Casey Cooper
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dr Zachary Barricklow
Board Member (from Jan '24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gil Wise
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jennifer Tolle Whiteside
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jose Alvarez
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kim Shepherd
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mike Hawkins
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Randolph Keaton
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Randy Gore
Board Member (from Jan '24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ryan Ammann
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Weyling White
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0