Carroll County Economic Development
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Raising each dollar of donations cost 469 cents.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO CREATE A STRONGER ECONOMY, TO ENHANCE THE OVERALL QUALITY OF LIFE, TO ENHANCE THE EDUCATION LEVEL OF the WORKFORCE and TO DEVELOP STRONG COMMUNITY LEADERSHIP AND EFFECTIVE GOVERNMENT in Carroll County, Georgia.
- Income
- $150,902
- Spending
- $790,064
- Spent on programs
- 84%
- Reserves
- 44.3 months of spending
- Largest source of income
- investment income, 54%
- Employees
- 8
- Highest pay
- $193,275, ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 55 out of 100. Higher than 25% of charities in its peer group (community improvement, under $250k).
Reserves
35 of 35Spendable reserves would cover 44.3 months of spending.
Debt
20 of 20It owes 3% of what it owns.
Living within its means
0 of 15Spending exceeded income by 424% of income.
Income trend
0 of 15Income fell 54% on the year before.
Spending floor
0 of 1584% of spending went to programs and raising each dollar of donations cost 469 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 88 out of 100. Higher than 78% of charities in its peer group (community improvement, under $250k).
Independent board
25 of 2517 of 18 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, 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 (5)
- $266,339 spent. 8 RFIs, and 1 existing industry expansions. Provided extensive support services to Existing Industry regarding upcoming expansions through existing industry roundtables. Provided economic development and administrative support services to the Development Authority of Carroll County, the Carrollton Payroll Development Authority, and the Villa Rica Development Authority.
- $166,462 spent. Continued the retail and amenities program to attract and recruit new restaurants and retail options to Carroll County. Engaged with local property owners and CRE developers to learn more about attracting certain types of retail. Attended ICSC Southeast to engage with retailers to learn their site criteria and demographics of their expansion markets. Conducted several meetings with a targeted audience to identify retail needs in Carroll County.
- $99,877 spent. Provided personnel management and administrative services for the Carroll County Chamber of Commerce and its staff for 2024. The Chamber membership as of 12/31/2024 was 601 members.
- $66,585 spent. Upgraded the Carroll Tomorrow website via Red Cube to create an updated version of the website with better graphics, more in depth information that site selectors or GDEcD Project Managers may need for project recruitment in Carroll County.
- $66,585 spent. Continued Year 4 of the 5-year capital campaign, conducted several board and investor meetings to effectively communicate progress made by Carroll Tomorrow.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 September 7, 2026.
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 September 30, 2026.
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 September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2002.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
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 7, 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.