East Carolina Development Company Inc in Kinston, North Carolina (NC)

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East Carolina Development Company Inc
Employer Identification Number (EIN)562044953
Name of OrganizationEast Carolina Development Company Inc
In Care of NameStephen Laroque
Address1136 Hwy 258 North, Kinston, NC 28504-8305
ActivitiesDescribed in section 509(a)(2) of the Code, Loans or credit reporting
SubsectionCharitable Organization
Ruling Date06/1998
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,504,885
Amount of Income$181,661
Form 990 Revenue Amount$181,661
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs


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Amount of income in 2012: $181,661 (it was $170,690 in 2011)
This organization: 

 $181,661
Other organizations performing similar types of work: 

 $128,980

Assets in 2012: $4,504,885 (it was $5,635,070 in 2011)
East Carolina Development Company Inc: 

 $4,504,885
Other organizations performing similar types of work: 

 $70,803

Financial snapshot ($)

Revenue for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$170,690
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$170,530
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$160
Statement of Functional Expenses (for 2011)
Total functional expenses$326,070
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$326,070
Balance Sheet (for 2011)
Total assets$5,635,070
Total liabilities$5,237,161
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$4,991,774
Unsecured notes and loans payable to unrelated third parties$0
Other$245,387
Total net assets or fund balances$397,909
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$161,280
Gifts, grants, contributions, and membership fees received$40,000
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$121,280
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Florida Business Development Corporation6801 Lake Worth Rd Ste 209, Greenacres, FL 33467-2966FL1992-04$8,400,780
2Valley Economic Development Center Inc3rd Floor, Sherman Oaks, CA 91403CA2003-05$5,945,153
3Shorebank Enterprise Detroit277 Gratiot No 3rd Fl, Detroit, MI 48226-2239MI1997-03$1,138,804
4Mainestream FinancePO BOX 1162, Bangor, ME 04402-1162ME2001-03$491,084
5Southeastern Mailers Association Inc1180 Beaver Ruin Rd, Norcross, GA 30093-6801GA2003-01$45,342
6California Manufacturing Technology Consulting690 Knox St Ste 200, Torrance, CA 90502-1323CA1996-01$24,166,068
7Accion Texas Inc2014 S Hackberry, San Antonio, TX 78210-3541TX1994-12$12,093,552
8Enterprise And Empowerment Foundation, Rise700 Park Avenue Bmh A-105 No 410, Norfolk, VA 23504VA2003-03$5,717,885
9Circle Of Nations Inc836 Humphrey St, Swampscott, MA 01907-2339MA1997-01$5,534,134
10Oregon Manufacturing Extension Partnership Inc12909 Sw 68th Pkwy Ste 140, Portland, OR 97223-8320OR2002-01$4,991,517
11Pacific Community Ventures51 Federal St Ste 402, San Francisco, CA 94107-4151CA1998-10$2,811,152
12Microcredit Enterprises5758 Geary Blvd No 261, San Francisco, CA 94121-2112CA2006-09$2,692,364
13Peoplefund2921 E 17th St Bldg D Ste 1, Austin, TX 78702-1509TX1997-09$1,683,750
14Media Law Resource Center Inc520 Eighth Ave North Tower 20th, New York, NY 10018NY1999-01$1,618,970
15Across Nations Pioneers Inc15 Engle St Ste 107, Englewood, NJ 07631-2920NJ2009-01$1,457,407
16Harambee Community Development Initiative Inc60 Glenwood Ave, East Orange, NJ 07017-1575NJ1994-09$1,413,776
17Ameritrust Cdc11050 5th Ave Ne Ste 205, Seattle, WA 98125-6151WA2007-02$1,227,816
18Ctc Tampa Bay Inc7887 Bryan Dairy Rd Ste 220, Largo, FL 33777-1443FL2004-01$1,109,899
19Northern Arizona Technology & Business Incubator, Natibi2225 N Gemini Drive, Flagstaff, AZ 86001-1601AZ2001-06$1,081,537
20Federal Technology Center3640 American River Dr Ste 150, Sacramento, CA 95864-5954CA1999-12$986,397
21Indiana Venture Center Inc, Beck Steven J Pres902 N Capitol Ave Ste 302, Indianapolis, IN 46204-1005IN2004-09$966,348
22Beaver Street Enterprise Center Inc1225 W Beaver Street, Jacksonville, FL 32204-1414FL2002-03$935,230
23Rockford Area Ventures Inc NfpRockford Area Ventures Inc, Rockford, IL 61118IL2004-03$865,823
24Executive Services Corps Of The1900 Selwyn Ave, Charlotte, NC 28274-0001NC2005-04$216,577
25Foothills Connect Business And Technology Inc131 W Main St, Spindale, NC 28160-1539NC2006-06$195,712
26East Carolina Development Company Inc1136 Hwy 258 North, Kinston, NC 28504-8305NC1998-06$181,661
27Bayboro Development Center IncPO BOX 84, Bayboro, NC 28515-0084NC2002-07$141,312
28Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc301 N Main St Ste 2601, Winston Salem, NC 27101-3885NC1994-08$30,169
29N C Minoritywomen Business Enterprise Coordinators NetworkPO BOX 1856, Raleigh, NC 27602-1856NC2001-12$12,547
30Greensboro Community Development Fund342 North Elm Street, Greensboro, NC 27401-2141NC1999-04$0
Number of organizations performing similar types of work
Alaska2
Alabama4
Arkansas4
Arizona8
California59
Colorado11
Connecticut7
District of Columbia4
Florida25
Georgia18
Hawaii5
Iowa6
Idaho2
Illinois17
Indiana7
Kansas3
Kentucky3
Louisiana6
Massachusetts15
Maryland18
Maine2
Michigan15
Minnesota7
Missouri11
Mississippi6
Montana3
North Carolina16
Nebraska4
New Jersey6
New Mexico5
Nevada3
New York21
Ohio14
Oklahoma4
Oregon3
Pennsylvania13
Rhode Island1
South Carolina12
South Dakota3
Tennessee7
Texas27
Utah1
Virginia13
Vermont2
Washington8
Wisconsin5
West Virginia4
Wyoming1
International2
Total443

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