Asheboro Randolph County Area Economic Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561458493 ✦ Asheboro, NC ✦ Designated as a 501(c)(6)

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Overview

What is Asheboro Randolph County Area Economic Development Corporation?

The Asheboro Randolph County Area Economic Development Corporation is a nonprofit organization situated in Randolph County, North Carolina. Their primary mission is to attract and invite various industries and businesses to this region, utilizing strategic programs designed to accomplish this objective. By successfully recruiting these enterprises, the corporation contributes to the economic growth and prosperity of Randolph County.


Official website here: www.rcedc.com

What do the Facebook reviews say about Asheboro Randolph County Area Economic Development Corporation?

100% of 8 reviewers on Facebook recommend the Asheboro Randolph County Area Economic Development Corporation. Here is a summary of their reviews:

Commenters express strong enthusiasm for the organization's mission, highlighting its effective role in empowering the local economy. They appreciate the focus on fostering business growth and community development, indicating that the nonprofit is making a significant impact in their area.

Overall, the sentiment is overwhelmingly positive, with individuals feeling optimistic about the direction and initiatives spearheaded by the organization. The consistent recommendation reflects a solid trust in its ability to deliver valuable services and support to the community.


This AI summary has been generated from reviews found on Facebook.

Is Asheboro Randolph County Area Economic Development Corporation legitimate?

Asheboro Randolph County Area Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Asheboro Randolph County Area Economic Development Corporation 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $113,267
Professional Fundraising Fees: $0
Other Salaries and Wages: $159,116

For more financial information, click here


Official website here: www.rcedc.com

What is the mission statement of Asheboro Randolph County Area Economic Development Corporation?

The Asheboro Randolph County Area Economic Development Corporation's mission is centered around attracting various industries and businesses to a specific location, in this case, Randolph County, North Carolina. They achieve this mission through their various programs, with the objective of fostering economic growth and development in the region. The corporation works diligently to create an environment that is conducive to business expansion and establishment, ultimately contributing to the overall economic well-being of the area.


Official website here: www.rcedc.com

Who is the CEO of Asheboro Randolph County Area Economic Development Corporation?

Kevin Franklin is the Chairman of Asheboro Randolph County Area Economic Development Corporation.


Official website here: www.rcedc.com

What is the revenue of Asheboro Randolph County Area Economic Development Corporation?

Asheboro Randolph County Area Economic Development Corporation's revenue in 2023 was $588,206.


Official website here: www.rcedc.com

Who are the executives of Asheboro Randolph County Area Economic Development Corporation and what are their salaries?

The average compensation at Asheboro Randolph County Area Economic Development Corporation during 2023 was $90,794. There are 3 employees and 21 volunteers at Asheboro Randolph County Area Economic Development Corporation.


Here are 23 key members and their salaries:


Bob Crumley (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelley Greene (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Darr (Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Smith (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Betts (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Edmonson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrell Frye (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane James (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Mcnabb (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hal Johnson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Scotton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Filmore York (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Aaron Woody (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Lail (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Caviness (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Morris (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicki Caudle (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lewis Dorsett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Fernandez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Harrington (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ac Hurley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Franklin (President)
  • Compensation: $101,248
  • Related: $0
  • Other: $12,019


Official website here: www.rcedc.com

Where can I find the form 990 for Asheboro Randolph County Area Economic Development Corporation?

Asheboro Randolph County Area Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.rcedc.com

Learn more at the official website: www.rcedc.com

Mission Statement of Asheboro Randolph County Area Economic Development Corporation

The Asheboro Randolph County Area Economic Development Corporation is dedicated to attracting a variety of industries and businesses to Randolph County, North Carolina. Through strategic programs, this organization works tirelessly to achieve this objective, aiming to enhance the local economy and create job opportunities for the community. By recruiting diverse industries and businesses, the Asheboro Randolph County Area Economic Development Corporation contributes to the overall growth and development of the region.

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Impact




October, 2024

The Asheboro Randolph County Area Economic Development Corporation plays a crucial role in enhancing the economic landscape of Randolph County, North Carolina. By actively recruiting diverse industries and businesses, it fosters an environment conducive to growth and innovation. This recruitment effort not only bolsters the local economy but also creates job opportunities, enhances community infrastructure, and contributes to the overall improvement of the quality of life for residents.

Through targeted programs designed to attract and support new businesses, the organization facilitates partnerships between the public and private sectors, ensuring that the region is competitive and appealing to both existing and potential enterprises. As a result, Asheboro becomes a more vibrant hub for economic activity, benefiting local workers, families, and the larger community. The impact of these initiatives is evidenced by a strengthened job market and increased investment in the region, ultimately advancing the mission of community improvement.




This information is meant to be a general summary of Asheboro Randolph County Area Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$588,206 (2023)
Expenses
$756,176 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $65
  • Gross Receipts: $588,206

Assets and Liabilities:

  • Total Assets: $1,088,175
  • Total Liabilities: $5,724
  • Net Assets: $1,082,451

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Organization Details

Founding Year

1985

Principal Officer

Kevin Franklin

Main Address

176 NORTH FAYETTEVILLE ST, ASHEBORO, NC, 27203

NTEE Category

Code: S30 - Community improvement

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