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First Concord Corporation

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

EIN: 561753874 ✦ Concord, NC ✦ Designated as a 501(c)(3)

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Overview

What is First Concord Corporation?

First Concord Corporation is a nonprofit entity established to aid the city of Concord in fulfilling its public responsibilities. It accomplishes this mission by procuring, constructing, managing, and either selling or leasing necessary real estate, improvements, facilities, and equipment. The primary objective is to ensure these resources serve the general public's welfare and benefit.


Official website here: www.concordnc.gov

Is First Concord Corporation legitimate?

First Concord Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Concord 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.concordnc.gov

What is the mission statement of First Concord Corporation?

The First Concord Corporation serves a vital role in assisting a city, not specified in this information, in carrying out its governmental duties. They accomplish this by engaging in various activities such as acquiring, constructing, operating, selling, or leasing real estate, improvements, facilities, and equipment. All these actions are aimed at benefiting the public at large. The corporation's mission is to contribute to the city's operations, ultimately enhancing the well-being of its citizens through these real estate-related services.


Official website here: www.concordnc.gov

Who is the CEO of First Concord Corporation?

Jessica Jones is the Vice President of First Concord Corporation.


Official website here: www.concordnc.gov

What is the revenue of First Concord Corporation?

First Concord Corporation's revenue in 2023 was $2,350,625.


Official website here: www.concordnc.gov

Who are the executives of First Concord Corporation and what are their salaries?

There 4 volunteers at First Concord Corporation.


Here are 4 key members and their salaries:


Wayne King (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Irvin T Newberry (President & Chairman Of Th)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lloyd W Payne Jr (Secretary - Treasurer)
  • Compensation: $0
  • Related: $269,716
  • Other: $73,496
Jessica Jones (Assistant Secretary)
  • Compensation: $0
  • Related: $122,382
  • Other: $41,507


Official website here: www.concordnc.gov

Where can I find the form 990 for First Concord Corporation?

First Concord Corporation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.concordnc.gov

Learn more at the official website: www.concordnc.gov

Mission Statement of First Concord Corporation

First Concord Corporation, in its mission, aids the city in performing its governmental duties. It accomplishes this by procuring, constructing, managing, and either selling or leasing real estate, enhancements, facilities, and equipment. The primary objective is to benefit the general public by providing these assets for their use. By carrying out these functions, First Concord Corporation contributes significantly to the city's operations and the well-being of its residents.

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Impact




October, 2024

First Concord Corporation plays a crucial role in enhancing the community of Concord, NC, by facilitating essential governmental functions. Through its operations, the corporation undertakes the acquisition, construction, operation, and sale or lease of real estate, improvements, and facilities, which are pivotal for public use and benefit. This comprehensive approach ensures that the city has the necessary infrastructure and resources to support its residents.

By focusing on the creation and maintenance of public facilities and equipment, First Concord Corporation contributes significantly to the overall quality of life in the area. Its initiatives not only meet immediate community needs but also promote long-term development, ensuring that Concord remains a vibrant and functional environment for all its citizens. The corporation’s impact is evident in the enhanced public spaces and services that foster community engagement and support economic growth within the city.




This information is meant to be a general summary of First Concord 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
$2,350,625 (2023)
Expenses
$2,012,262 (2023)
Efficiency

Other financial information:

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

  • Gross Receipts: $2,350,625

Assets and Liabilities:

  • Total Assets: $19,400,017
  • Total Liabilities: $20,193,958
  • Net Assets: -$793,941

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Organization Details

Founding Year

1991

Principal Officer

Jessica Jones

Main Address

35 CABARRUS AVE W, CONCORD, NC, 28025

NTEE Category

Code: W200 - Public benefit

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