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Fayetteville Cumberland County 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: 810801545 ✦ Fayetteville, NC ✦ Designated as a 501(c)(6)

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Overview

What is Fayetteville Cumberland County Economic Development Corporation?

The Fayetteville Cumberland County Economic Development Corporation, established in December 2015, is a nonprofit organization located at 201 Hay Street 401A, Fayetteville, North Carolina (28301). The primary aim of this corporation is to engage in economic development activities, aiming to alleviate governmental burdens by increasing the tax base of the community and creating new job opportunities in Fayetteville and Cumberland County. By attracting new businesses and industries to the area, the organization aims to bolster the local economy and contribute positively to the community's growth, employing a workforce of ten dedicated individuals.


Official website here: www.fayedc.com

What do the Facebook reviews say about Fayetteville Cumberland County Economic Development Corporation?

96% of 13 reviewers on Facebook recommend the Fayetteville Cumberland County Economic Development Corporation. The sentiment from those who shared their thoughts reflects a strong appreciation for the organization's mission. Users commend the focused efforts made by the nonprofit to attract and retain jobs in the Fayetteville area.

Many reviewers express optimism about the positive impact the corporation is having on local economic growth and community development. The general consensus shows that stakeholders feel encouraged by the initiatives being implemented, believing they are vital for the region’s prosperity.

Overall, the positive ratings and comments indicate that the Fayetteville Cumberland County Economic Development Corporation is seen as a valuable asset to the local economy and a committed partner in enhancing job opportunities for the community.


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

Is Fayetteville Cumberland County Economic Development Corporation legitimate?

Fayetteville Cumberland County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Fayetteville Cumberland County 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: $224,242
Professional Fundraising Fees: $0
Other Salaries and Wages: $320,266

For more financial information, click here


Official website here: www.fayedc.com

What is the mission statement of Fayetteville Cumberland County Economic Development Corporation?

The Fayetteville Cumberland County Economic Development Corporation was established with a mission to engage in economic development activities. This mission aims to reduce the burden on the government by increasing the community's tax base and creating new job opportunities. The organization accomplishes this by attracting new businesses and industries to the area, thereby expanding the tax base and fostering employment growth. The corporation's activities are geared towards stimulating economic growth and development, ultimately benefiting the community as a whole.


Official website here: www.fayedc.com

Who is the CEO of Fayetteville Cumberland County Economic Development Corporation?

Robert M Van Geons is the Chairman of Fayetteville Cumberland County Economic Development Corporation. The CEO's salary of Fayetteville Cumberland County Economic Development Corporation is $198,006 and their total compensation is $224,242.


Official website here: www.fayedc.com

What is the revenue of Fayetteville Cumberland County Economic Development Corporation?

Fayetteville Cumberland County Economic Development Corporation's revenue in 2022 was $1,073,229.


Official website here: www.fayedc.com

Who are the executives of Fayetteville Cumberland County Economic Development Corporation and what are their salaries?

The average compensation at Fayetteville Cumberland County Economic Development Corporation during 2022 was $54,451. There are 10 employees and 13 volunteers at Fayetteville Cumberland County Economic Development Corporation.


Here are 10 key members and their salaries (Fayetteville Cumberland County Economic Development Corporation's CEO's salary is $198,006 and their total compensation is $224,242):


Kelvin Farmer (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vivek Tandon (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katheryn Cox (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dymond Spain (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Manning (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dohn Broadwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Hedgepeth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitch Colvin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert M Van Geons (President & Ceo)
  • Compensation: $198,006
  • Related: $0
  • Other: $26,236


Official website here: www.fayedc.com

Where can I find the form 990 for Fayetteville Cumberland County Economic Development Corporation?

Fayetteville Cumberland County Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fayedc.com

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

Mission Statement of Fayetteville Cumberland County Economic Development Corporation

The Fayetteville Cumberland County Economic Development Corporation, established in December 2015, is committed to engaging in economic development activities aimed at reducing the burden on government. With this mission, the organization strives to increase the tax base of the community and create new job opportunities in Fayetteville and Cumberland County. To achieve this goal, the corporation focuses on attracting new businesses and industries to the area, thereby contributing to both economic growth and job creation. By doing so, the Fayetteville Cumberland County Economic Development Corporation plays a significant role in driving the local economy and improving the overall well-being of the community.

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Impact




October, 2024

The Fayetteville Cumberland County Economic Development Corporation plays a crucial role in enhancing the local economy by attracting new businesses and industries to the region. This initiative not only increases the tax base but also generates new job opportunities for residents, contributing to overall community improvement. Established in December 2015, the organization focuses on strategic economic development activities that aim to reduce the financial burden on government by fostering a more robust economic landscape in Fayetteville and Cumberland County. Through its efforts, the corporation actively promotes a thriving business environment, which is vital for the sustainable growth and prosperity of the area.




This information is meant to be a general summary of Fayetteville Cumberland County 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
$1,073,229 (2022)
Expenses
$1,011,972 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,073,229
  • Gross Receipts: $1,073,229

Assets and Liabilities:

  • Total Assets: $1,237,847
  • Total Liabilities: $848,303
  • Net Assets: $389,544

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DEVELOPMENT SERVICES

Revenue

$1,073,229

Organization Details

Founding Year

2015

Principal Officer

Robert M Van Geons

Main Address

201 HAY STREET 401A, FAYETTEVILLE, NC, 28301

NTEE Category

Code: S40 - Community improvement

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