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Employer Identification Number 56-1552375

RURAL ECONOMIC DEVELOPMENT CENTER, INC. is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:RURAL ECONOMIC DEVELOPMENT CENTER, INC.
Employer identification number (EIN):56-1552375
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations
401k Pension/Benefits registration RURAL ECONOMIC DEVELOPMENT CENTER, INC. 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementCONDUCTING POLICY RESEARCH FOCUSED ON IMPROVING ECONOMIC CONDITIONS,STRENGTHENING INFRASTRUCTURE, SUPPORTING INCREASED ENTREPRENEURIALDEVELOPMENT, AND INCREASING THE NUMBER OF JOBS AVAILABLE IN RURALAREAS.
Number of Employees27
Number of Volunteers29
Year Formed1987

Organization Governance

Legal DomicileNC
Voting Members - Governing Body25
Voting Members - Independent25

Organization Financials

2023-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 144,240
Program Service Revenue from current yearUSD $ 330,588
Investment Income from prior yearUSD $ 3,621,094
Investment Income from current yearUSD $ 6,801,647
Other Revenue from prior yearUSD $ 1,883,311
Other Revenue from current yearUSD $ 665,968
Gross receipts from all sourcesUSD $ 26,051,550
Net assets / fund balances at end of fiscal yearUSD $ 115,528,670
Net assets / fund balances at beginning of fiscal yearUSD $ 108,721,408
Total liabilities at end of fiscal yearUSD $ 146,830,881
Total liabilities at beginning of fiscal yearUSD $ 114,844,741
Total assets at end of fiscal yearUSD $ 262,359,551
Total assets at beginning of fiscal yearUSD $ 223,566,149
Revenues less expenses for current yearUSD $ 9,674,402
Revenues less expenses for previous yearUSD $ 3,977,745
Total expenses for current yearUSD $ 11,713,020
Total expenses for previous yearUSD $ 7,400,388
Other expenses in current yearUSD $ 3,000,522
Other expenses in previous yearUSD $ 3,448,502
Total fundraising expenses in current yearUSD $ 263,036
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,803,797
Employee salary and benefits paid in previous yearUSD $ 3,796,607
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 3,908,701
Grants and similar amounts paid in previous yearUSD $ 155,279
Total revenue in current fiscal yearUSD $ 21,387,422
Total revenue in previous fiscal yearUSD $ 11,378,133
Contributions and grants from current yearUSD $ 13,589,219
Contributions and grants from previous yearUSD $ 5,729,488
Total of other revenueUSD $ 654,560
2022-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 423,274
Program Service Revenue from current yearUSD $ 144,240
Investment Income from prior yearUSD $ 3,612,792
Investment Income from current yearUSD $ 3,621,094
Other Revenue from prior yearUSD $ 1,354,319
Other Revenue from current yearUSD $ 1,883,311
Gross receipts from all sourcesUSD $ 17,028,206
Net assets / fund balances at end of fiscal yearUSD $ 108,721,408
Net assets / fund balances at beginning of fiscal yearUSD $ 111,533,578
Total liabilities at end of fiscal yearUSD $ 114,844,741
Total liabilities at beginning of fiscal yearUSD $ 119,467,536
Total assets at end of fiscal yearUSD $ 223,566,149
Total assets at beginning of fiscal yearUSD $ 231,001,114
Revenues less expenses for current yearUSD $ 3,977,745
Revenues less expenses for previous yearUSD $ 41,664,586
Total expenses for current yearUSD $ 7,400,388
Total expenses for previous yearUSD $ 6,129,181
Other expenses in current yearUSD $ 3,448,502
Other expenses in previous yearUSD $ 2,947,189
Total fundraising expenses in current yearUSD $ 157,914
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,796,607
Employee salary and benefits paid in previous yearUSD $ 3,095,976
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 155,279
Grants and similar amounts paid in previous yearUSD $ 86,016
Total revenue in current fiscal yearUSD $ 11,378,133
Total revenue in previous fiscal yearUSD $ 47,793,767
Contributions and grants from current yearUSD $ 5,729,488
Contributions and grants from previous yearUSD $ 42,403,382
Total of other revenueUSD $ 1,879,311
2021-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 381,423
Program Service Revenue from current yearUSD $ 423,274
Investment Income from prior yearUSD $ 2,622,840
Investment Income from current yearUSD $ 3,612,792
Other Revenue from prior yearUSD $ 1,304,558
Other Revenue from current yearUSD $ 1,354,319
Gross receipts from all sourcesUSD $ 55,217,222
Net assets / fund balances at end of fiscal yearUSD $ 111,533,578
Net assets / fund balances at beginning of fiscal yearUSD $ 62,669,033
Total liabilities at end of fiscal yearUSD $ 119,467,536
Total liabilities at beginning of fiscal yearUSD $ 29,151,016
Total assets at end of fiscal yearUSD $ 231,001,114
Total assets at beginning of fiscal yearUSD $ 91,820,049
Revenues less expenses for current yearUSD $ 41,664,586
Revenues less expenses for previous yearUSD $ 1,321,386
Total expenses for current yearUSD $ 6,129,181
Total expenses for previous yearUSD $ 4,667,786
Other expenses in current yearUSD $ 2,947,189
Other expenses in previous yearUSD $ 2,121,070
Total fundraising expenses in current yearUSD $ 134,102
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,095,976
Employee salary and benefits paid in previous yearUSD $ 2,491,425
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 86,016
Grants and similar amounts paid in previous yearUSD $ 55,291
Total revenue in current fiscal yearUSD $ 47,793,767
Total revenue in previous fiscal yearUSD $ 5,989,172
Contributions and grants from current yearUSD $ 42,403,382
Contributions and grants from previous yearUSD $ 1,680,351
Total of other revenueUSD $ 1,344,719
2020-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 155,145
Program Service Revenue from current yearUSD $ 381,423
Investment Income from prior yearUSD $ 5,646,771
Investment Income from current yearUSD $ 2,622,840
Other Revenue from prior yearUSD $ 436,061
Other Revenue from current yearUSD $ 1,304,558
Gross receipts from all sourcesUSD $ 8,733,260
Net assets / fund balances at end of fiscal yearUSD $ 62,669,033
Net assets / fund balances at beginning of fiscal yearUSD $ 62,714,512
Total liabilities at end of fiscal yearUSD $ 29,151,016
Total liabilities at beginning of fiscal yearUSD $ 7,116,029
Total assets at end of fiscal yearUSD $ 91,820,049
Total assets at beginning of fiscal yearUSD $ 69,830,541
Revenues less expenses for current yearUSD $ 1,321,386
Revenues less expenses for previous yearUSD $ -1,155,796
Total expenses for current yearUSD $ 4,667,786
Total expenses for previous yearUSD $ 8,603,886
Other expenses in current yearUSD $ 2,121,070
Other expenses in previous yearUSD $ 6,382,106
Total fundraising expenses in current yearUSD $ 137,582
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,491,425
Employee salary and benefits paid in previous yearUSD $ 2,146,393
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 55,291
Grants and similar amounts paid in previous yearUSD $ 75,387
Total revenue in current fiscal yearUSD $ 5,989,172
Total revenue in previous fiscal yearUSD $ 7,448,090
Contributions and grants from current yearUSD $ 1,680,351
Contributions and grants from previous yearUSD $ 1,210,113
Total of other revenueUSD $ 1,262,351
2019-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,392,860
Program Service Revenue from current yearUSD $ 155,145
Investment Income from prior yearUSD $ 198,703
Investment Income from current yearUSD $ 5,646,771
Other Revenue from prior yearUSD $ 163,975
Other Revenue from current yearUSD $ 436,061
Gross receipts from all sourcesUSD $ 8,190,875
Net assets / fund balances at end of fiscal yearUSD $ 62,714,512
Net assets / fund balances at beginning of fiscal yearUSD $ 70,645,806
Total liabilities at end of fiscal yearUSD $ 7,116,029
Total liabilities at beginning of fiscal yearUSD $ 3,202,436
Total assets at end of fiscal yearUSD $ 69,830,541
Total assets at beginning of fiscal yearUSD $ 73,848,242
Revenues less expenses for current yearUSD $ -1,155,796
Revenues less expenses for previous yearUSD $ 1,101,530
Total expenses for current yearUSD $ 8,603,886
Total expenses for previous yearUSD $ 3,514,107
Other expenses in current yearUSD $ 6,382,106
Other expenses in previous yearUSD $ 1,540,544
Total fundraising expenses in current yearUSD $ 77,187
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,146,393
Employee salary and benefits paid in previous yearUSD $ 1,952,441
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 75,387
Grants and similar amounts paid in previous yearUSD $ 21,122
Total revenue in current fiscal yearUSD $ 7,448,090
Total revenue in previous fiscal yearUSD $ 4,615,637
Contributions and grants from current yearUSD $ 1,210,113
Contributions and grants from previous yearUSD $ 1,860,099
Total of other revenueUSD $ 382,227
2018-06-30
Total unrelated business incomeUSD $ -220,616
Net unrelated business incomeUSD $ -221,366
Program Service Revenue from prior yearUSD $ 1,303,753
Program Service Revenue from current yearUSD $ 2,392,860
Investment Income from prior yearUSD $ 307,223
Investment Income from current yearUSD $ 198,703
Other Revenue from prior yearUSD $ 75,554
Other Revenue from current yearUSD $ 163,975
Gross receipts from all sourcesUSD $ 4,629,967
Net assets / fund balances at end of fiscal yearUSD $ 70,645,806
Net assets / fund balances at beginning of fiscal yearUSD $ 64,980,767
Total liabilities at end of fiscal yearUSD $ 3,202,436
Total liabilities at beginning of fiscal yearUSD $ 2,304,729
Total assets at end of fiscal yearUSD $ 73,848,242
Total assets at beginning of fiscal yearUSD $ 67,285,496
Revenues less expenses for current yearUSD $ 1,101,530
Revenues less expenses for previous yearUSD $ 1,452,668
Total expenses for current yearUSD $ 3,514,107
Total expenses for previous yearUSD $ 2,818,494
Other expenses in current yearUSD $ 1,540,544
Other expenses in previous yearUSD $ 1,263,911
Total fundraising expenses in current yearUSD $ 147,168
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,952,441
Employee salary and benefits paid in previous yearUSD $ 1,537,791
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 21,122
Grants and similar amounts paid in previous yearUSD $ 16,792
Total revenue in current fiscal yearUSD $ 4,615,637
Total revenue in previous fiscal yearUSD $ 4,271,162
Contributions and grants from current yearUSD $ 1,860,099
Contributions and grants from previous yearUSD $ 2,584,632
Total of other revenueUSD $ 119,948
2017-06-30
Total unrelated business incomeUSD $ -170,584
Net unrelated business incomeUSD $ -171,334
Program Service Revenue from prior yearUSD $ 1,238,683
Program Service Revenue from current yearUSD $ 1,303,753
Investment Income from prior yearUSD $ 51,635
Investment Income from current yearUSD $ 307,223
Other Revenue from prior yearUSD $ 60,878
Other Revenue from current yearUSD $ 75,554
Gross receipts from all sourcesUSD $ 4,831,925
Net assets / fund balances at end of fiscal yearUSD $ 64,980,767
Net assets / fund balances at beginning of fiscal yearUSD $ 59,987,959
Total liabilities at end of fiscal yearUSD $ 2,304,729
Total liabilities at beginning of fiscal yearUSD $ 2,847,242
Total assets at end of fiscal yearUSD $ 67,285,496
Total assets at beginning of fiscal yearUSD $ 62,835,201
Revenues less expenses for current yearUSD $ 1,452,668
Revenues less expenses for previous yearUSD $ 3,448,207
Total expenses for current yearUSD $ 2,818,494
Total expenses for previous yearUSD $ 3,384,690
Other expenses in current yearUSD $ 1,263,911
Other expenses in previous yearUSD $ 1,515,519
Total fundraising expenses in current yearUSD $ 81,549
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,537,791
Employee salary and benefits paid in previous yearUSD $ 1,667,621
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 16,792
Grants and similar amounts paid in previous yearUSD $ 201,550
Total revenue in current fiscal yearUSD $ 4,271,162
Total revenue in previous fiscal yearUSD $ 6,832,897
Contributions and grants from current yearUSD $ 2,584,632
Contributions and grants from previous yearUSD $ 5,481,701
Total of other revenueUSD $ 34,461
2016-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 929,859
Program Service Revenue from current yearUSD $ 1,238,683
Investment Income from prior yearUSD $ 361,282
Investment Income from current yearUSD $ 51,635
Other Revenue from prior yearUSD $ 251,575
Other Revenue from current yearUSD $ 60,878
Gross receipts from all sourcesUSD $ 8,408,150
Net assets / fund balances at end of fiscal yearUSD $ 59,987,959
Net assets / fund balances at beginning of fiscal yearUSD $ 55,539,244
Total liabilities at end of fiscal yearUSD $ 2,847,242
Total liabilities at beginning of fiscal yearUSD $ 7,561,107
Total assets at end of fiscal yearUSD $ 62,835,201
Total assets at beginning of fiscal yearUSD $ 63,100,351
Revenues less expenses for current yearUSD $ 3,448,207
Revenues less expenses for previous yearUSD $ 7,073,582
Total expenses for current yearUSD $ 3,384,690
Total expenses for previous yearUSD $ 3,268,144
Other expenses in current yearUSD $ 1,515,519
Other expenses in previous yearUSD $ 1,673,815
Total fundraising expenses in current yearUSD $ 130,912
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,667,621
Employee salary and benefits paid in previous yearUSD $ 1,534,963
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 201,550
Grants and similar amounts paid in previous yearUSD $ 59,366
Total revenue in current fiscal yearUSD $ 6,832,897
Total revenue in previous fiscal yearUSD $ 10,341,726
Contributions and grants from current yearUSD $ 5,481,701
Contributions and grants from previous yearUSD $ 8,799,010
Total of other revenueUSD $ 11,011
2015-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 13,770,047
Program Service Revenue from current yearUSD $ 929,859
Investment Income from prior yearUSD $ 326,595
Investment Income from current yearUSD $ 361,282
Other Revenue from prior yearUSD $ 420,697
Other Revenue from current yearUSD $ 251,575
Gross receipts from all sourcesUSD $ 10,341,726
Net assets / fund balances at end of fiscal yearUSD $ 55,539,244
Net assets / fund balances at beginning of fiscal yearUSD $ 46,338,908
Total liabilities at end of fiscal yearUSD $ 7,561,107
Total liabilities at beginning of fiscal yearUSD $ 17,222,307
Total assets at end of fiscal yearUSD $ 63,100,351
Total assets at beginning of fiscal yearUSD $ 63,561,215
Revenues less expenses for current yearUSD $ 7,073,582
Revenues less expenses for previous yearUSD $ -3,416,751
Total expenses for current yearUSD $ 3,268,144
Total expenses for previous yearUSD $ 20,059,034
Other expenses in current yearUSD $ 1,673,815
Other expenses in previous yearUSD $ 1,083,536
Total fundraising expenses in current yearUSD $ 19,732
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,534,963
Employee salary and benefits paid in previous yearUSD $ 1,965,340
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 59,366
Grants and similar amounts paid in previous yearUSD $ 17,010,158
Total revenue in current fiscal yearUSD $ 10,341,726
Total revenue in previous fiscal yearUSD $ 16,642,283
Contributions and grants from current yearUSD $ 8,799,010
Contributions and grants from previous yearUSD $ 2,124,944
Total of other revenueUSD $ 230,329

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 561552375

USA Location Address
4021 CARYA DR
RALEIGH
NC
27610
Date first seen: 2007-01-01
Date last seen: 2024-06-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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