Overview
What is Economic Development Partnership Of North Carolina Inc?
The Economic Development Partnership of North Carolina Inc, based in Raleigh, North Carolina, is a nonprofit organization dedicated to improving the economic well-being and quality of life for all North Carolinians. Their efforts encompass collaboration with various partners at the state, regional, local, and private sector levels. They focus on new business recruitment, existing employer support, international trade and export assistance, small business start-up counseling, and tourism promotion. The organization's success in tourism promotion is evident through the substantial increase in visitor spending in North Carolina, which reached a record $33.3 billion in 2022, representing a 15% rise from the previous year and a 66% surge over pandemic lows experienced in 2020. The tourism industry workforce in North Carolina grew by 10% to 216,900 jobs, though it still lags the 2019 record of 242,600 jobs. The organization's strategies, such as advertising, public relations, and digital messaging, have contributed to North Carolina's ability to compete against peer states in the tourism market.
Official website here: www.edpnc.com
Is Economic Development Partnership Of North Carolina Inc legitimate?
Economic Development Partnership Of North Carolina Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Development Partnership Of North Carolina Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $674,957
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,826,537
For more financial information, click here
What is the mission statement of Economic Development Partnership Of North Carolina Inc?
The Economic Development Partnership of North Carolina Inc aims to enhance the economic well-being and improve quality of life for all North Carolinians. They accomplish this objective by collaborating with various partners, including state, regional, local, and private-sector entities. Their efforts focus on new business recruitment, existing employer support, international trade and export assistance, small business start-up counseling, and tourism promotion. In 2022, North Carolina's tourism industry experienced a significant rebound, with visitor spending reaching a record-breaking $33.3 billion. This impressive growth represented a 15% increase over the prior year and a 66% increase compared to pandemic lows experienced in 2020. North Carolina's tourism industry employed 216,900 jobs, representing a 10% increase compared to the previous year. The team at Visit NC utilized marketing strategies like advertising, public relations, and digital messaging to promote the state's brand promise of "richer experiences," contributing to the industry's successful competition against peer states.
Official website here: www.edpnc.com
Who is the CEO of Economic Development Partnership Of North Carolina Inc?
Christopher Chung is the Director & Chair of Economic Development Partnership Of North Carolina Inc. The CEO's salary of Economic Development Partnership Of North Carolina Inc is $346,092 and their total compensation is $404,953.
Official website here: www.edpnc.com
What is the revenue of Economic Development Partnership Of North Carolina Inc?
Economic Development Partnership Of North Carolina Inc's revenue in 2023 was $52,521,206.
Official website here: www.edpnc.com
Who are the executives of Economic Development Partnership Of North Carolina Inc and what are their salaries?
The average compensation at Economic Development Partnership Of North Carolina Inc during 2023 was $74,730. There are 87 employees and 20 volunteers at Economic Development Partnership Of North Carolina Inc.
Here are 26 key members and their salaries (Economic Development Partnership Of North Carolina Inc's CEO's salary is $346,092 and their total compensation is $404,953):
- Christopher Chung (Ceo)
- Michael Ebert (Coo)
- Korey Howard (Director Business Development)
- Melissa Smith (Vp Business Recruitment)
- Denise Desatnick (Vp Marketing)
- William Tuttell (Vp Tourism)
- Larry Price (Director Finance)
- Gene Mclaurin (Director & Chair)
- John Kane (Director & Secretary/Treasurer)
- Pam Cundiff (Director)
- Aaron Thomas (Director)
- Spence Broadhurst (Director)
- William Morgan (Director)
- Michelle Logan (Director)
- James R Jordan (Director)
- Sheila Knight (Director)
- Vimal Kolappa (Director)
- Karen Levert (Director)
- Richard C Reich Phd (Director)
- Lee Nettles (Director)
- Rolf Blizzard (Director)
- Machelle Sanders (Director)
- Sam Bowles (Director)
- Keith Holtsclaw (Director)
- Jeffery Turner (Director)
- Swadesh Chatterjee (Director)
Official website here: www.edpnc.com
Where can I find the form 990 for Economic Development Partnership Of North Carolina Inc?
The Economic Development Partnership Of North Carolina Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.edpnc.com
Learn more at the official website: www.edpnc.com
Mission Statement of Economic Development Partnership Of North Carolina Inc
The Economic Development Partnership of North Carolina Inc, a North Carolina-based organization, is dedicated to enhancing the economic well-being and improving the quality of life for all North Carolinians. Pursuing this mission, the partnership collaborates with state, regional, local, and private-sector partners in various economic development initiatives. These efforts encompass new business recruitment, providing support to existing employers, international trade and export assistance, small business start-up counseling, and tourism promotion.
One of the key areas where the Economic Development Partnership of North Carolina Inc has seen significant success is in tourism. In 2022, visitor spending in North Carolina reached a record-breaking $33.3 billion, an impressive 15% increase over the prior year and a 66% increase compared to pandemic lows in 2020. This growth translated to a workforce of 216,900 jobs within the tourism industry, which, while still lagging behind the 2019 record of 242,600 jobs, represents a substantial improvement over the pandemic's impact on employment. The organization's team, known as Visitor NC, utilized North Carolina's brand promise of "Richer Experiences" to promote tourism. Their advertising, public relations, digital messaging, and other strategies have proved successful, enabling North Carolina to compete effectively against its competitive peer states that continue to invest more aggressively in tourism marketing.
Impact
This information is meant to be a general summary of Economic Development Partnership Of North Carolina Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Economic Development Partnership Of North Carolina Inc's impact includes collaborating with state, regional, local, and private-sector partners to improve the economic well-being and quality of life for all North Carolinians. One notable achievement is the strong rebound of tourism in North Carolina, with visitor spending reaching a new record of $33.3 billion in 2022. This marked a 15% increase over the prior year and a significant 66% increase over pandemic lows experienced in 2020. Additionally, the tourism-supported workforce in North Carolina increased by 10% to 216,900 jobs. The organization's strategies, such as leveraging the state's brand promise of "richer experiences" through various marketing channels, have proven successful in helping North Carolina compete against peer competitive states. These efforts contribute to community improvement and the overall economic prosperity of North Carolinians.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE OF NC FUNDING
Revenue
$48,995,372
EVENT REVENUE
Revenue
$468,915
MILITARY FUNDS
Revenue
$120,000
TRADE SHOW REVENUE
Revenue
$21,795
Organization Details
Founding Year
2013
Phone
(919) 447-7777
Principal Officer
Christopher Chung
Main Address
150 FAYETTEVILLE STREET 1200, RALEIGH, NC, 27601
Website
www.edpnc.com
NTEE Category
Code: S30 - Community improvement
If you are a representative of Economic Development Partnership Of North Carolina Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.