Skip to the page content
Your donations
Passes our checks

Economic Development Partnership of North Carolina Inc

EIN 46-4840814 · Raleigh, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair54 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$52.3 million
Spending
$51.5 million
Spent on programs
94%
Reserves
2 months of spending
Largest source of income
fees for its services, 92%
Employees
80
Volunteers
18
Highest pay
$456,032, ceo

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 54 out of 100. Higher than 32% of charities in its peer group (community improvement, $10m to $100m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.0 months of spending.

  • Debt

    2 of 20

    It owes 93% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 2% of income.

  • Income trend

    15 of 15

    Income rose 24% on the year before.

  • Spending floor

    15 of 15

    94% of spending went to programs and raising each dollar of donations cost 13 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 42% of charities in its peer group (community improvement, $10m to $100m).

  • Independent board

    25 of 25

    18 of 18 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $26.5 million spent. 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. THE TEAM'S FOCUS QUICKLY SHIFTED TO SUPPORTING THE MOUNTAIN DESTINATIONS LESS AFFECTED AND ABLE TO WELCOME VISITORS DURING THE VITAL FALL, HOLIDAY/WINTER, AND SPRING SEASONS. AS SEASONS PROGRESSED INTO SPRING AND SUMMER, EFFORTS EVOLVED TO EMPHASIZE TRAVEL INSPIRATION. VISIT NC HAS CONTINUED TO LEVERAGE THE ADDITIONAL, INCREMENTAL RECOVERY FUNDS WITH THE SAME SENSE OF URGENCY AND COMMITMENT. WITH A ROBUST SUMMER CAMPAIGN IN MOTION, EMPHASIS REMAINS ON STRENGTHENING AND EXTENDING THE CAMPAIGN'S REACH AND EFFECTIVENESS THROUGH SUMMER, FALL, AND WINTER 2025 TO INSPIRE TRAVEL AND HELP REVITALIZE WESTERN NORTH CAROLINA'S VITAL TOURISM ECONOMY.DESPITE SIGNIFICANT HEADWINDS BROUGHT ON BY HURRICANE HELENE, TOURISM IN NORTH CAROLINA CONTINUED TO BREAK RECORDS IN 2024, WITH TRAVEL SPENDING STATEWIDE RISING TO $36.7 BILLION. THAT TOTAL ECLIPSED THE PREVIOUS RECORD OF $35.6 BILLION SET IN 2023. DIRECT TOURISM EMPLOYMENT ALSO INCREASED STATEWIDE BY 1.4% TO 230,338 IN 2024.
  2. $2.4 million spent. THE EDPNC OFFERS ANOTHER SPECIALIZED SERVICE TO NORTH CAROLINA COMPANIES: ASSISTING THEM TO ENTER FOREIGN MARKETS AND EXPAND THEIR INTERNATIONAL SALES. IN FISCAL YEAR 2025, THE EDPNC'S INTERNATIONAL TRADE MANAGERS AND FOREIGN OFFICES PROVIDED EXPORT ASSISTANCE TO 463 COMPANIES ACROSS ALL EIGHT MULTICOUNTY 'PROSPERITY ZONES.' THE ASSISTANCE INCLUDED PROVIDING MARKET INTELLIGENCE AND STRATEGIES, PRODUCT ANALYSIS, DISTRIBUTOR SEARCHES, LOCALIZATION OF WEBSITES AND MARKETING MATERIALS, AND SUPPORT AT TRADE SHOWS AND TRADE MISSIONS. DURING FISCAL YEAR 2025, THE INTERNATIONAL TRADE TEAM DEVELOPED A NEW TRADE ACCELERATOR PROGRAM EXPECTED TO LAUNCH IN LATE 2025 THAT WILL GUIDE A COHORT OF NORTH CAROLINA COMPANIES THROUGH AN INTENSIVE CURRICULUM AND CULMINATE IN AN INTERNATIONAL TRADE MISSION.
  3. $3.2 million spent. 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, BOTH MARKS DOUBLING THE PREVIOUS YEAR'S TALLIES. THE YEAR WAS HEADLINED BY JETZERO'S PLANS FOR A NEW COMMERCIAL AIRPLANE MANUFACTURING FACILITY AT PIEDMONT TRIAD INTERNATIONAL AIRPORT. THE COMMITMENT TO CREATE 14,564 JOBS IS THE LARGEST JOBS ANNOUNCEMENT IN STATE HISTORY. ALSO ANNOUNCED WERE JABIL'S 2,004-JOB, $264 MILLION MANUFACTURING FACILITY IN ROWAN COUNTY; AMAZON WEB SERVICES' 500-JOB, $10 BILLION INVESTMENT IN RICHMOND COUNTY; PRATT & WHITNEY'S 325-JOB, $285 MILLION COMMITMENT TO BUNCOMBE COUNTY; AND A FLURRY OF LIFE SCIENCES AND BIOTECHNOLOGY ANNOUNCEMENTS INCLUDING, AMONG OTHERS, AMGEN AND GENENTECH IN WAKE COUNTY AND JOHNSON & JOHNSON AND IDEXX LABORATORIES IN WILSON COUNTY.
  4. $16.4 million spent. EXISTING INDUSTRY, SMALL BUSINESS SUPPORT; BUSINESS DEVELOPMENT, AND BUSINESS RESEARCH AND MARKETING.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Worth knowing.

    The IRS does not require this organization to file annual returns.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 2014.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.