EIN 56-1552375

North Carolina Rural Center

IRS 501(c) type
501(c)(3)
Num. employees
62
Year formed
1987
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Our mission is to develop, promote and implement sound economic strategies to improve the quality of life of rural North Carolinians. We serve the state's 85 rural counties, with a special focus on low to moderate income individuals and communities.
Also known as...
Rural Economic Development Center
Total revenues
$21,387,422
2023
Total expenses
$11,713,020
2023
Total assets
$262,359,551
2023
Num. employees
62
2023

Program areas at North Carolina Rural Center

Small business / entrepreneurship: the Rural Center delivers critical resources to support existing businesses and enable the emergence of new entrepreneurs. The Rural Center believes equitable Economic growth depends on sustaining Rural small businesses and nurturing small-town entrepreneurs. The Rural Center's lending subsidiary, thread capital, works with individuals trying to start or expand a small business by providing capital, coaching, and connections. The Rural Center operates the state small business credit initiative program to support private sector capital formation in all 100 counties. The Rural Center operates cornersquare community capital, which supports community Development financial institutions in a 17-state region.
Advocacy & research: the Rural Center serves as the state's leading advocate for its many Rural communities. The Rural Center provides local, regional, and state leaders the information they need to be informed on the important Rural issues of the day. The Rural Center identifies specific topics for more in-depth exploration and partners with experts to lift up policy and research that informs the decisions of today and helps plan for the choices of tomorrow. With a voice informed by data, research, storytelling, and best practices, the Rural Center advocates on the local, state, and federal levels for the compelling issues facing Rural communities: issues like broadband access, healthcare, housing, agriculture, education, energy, workforce Development, and infrastructure.
Leadership & engagement: the Rural Center provides Rural communities with a comprehensive framework for Economic Development, tools to invest in building their assets and create cultures of collaborative problem solving. As a promoter of leadership that is inclusive, connected, informed and creative, the Rural Center nurtures the state's next generation of Rural leaders. The Rural Center works to equip communities and leaders with the knowledge and tools necessary to manage the challenges of a changing Economic landscape and to promote sustained Economic and community Development. The Rural Center's Rural Economic Development institute (redi) and regional leadership training, homegrown leaders, have trained more than 1,550 Rural leaders since 1989. The community engagement program provided capacity building, technical assistance and training to Rural communities.

Grants made by North Carolina Rural Center

GranteeGrant descriptionAmount
Institute CapitalCdfi Capacity Building Program Grants$775,000
Mountain BizworksCdfi Capacity Building Program Grants$736,000
Partner Community CapitalCdfi Capacity Building Program Grants$725,000
...and 11 more grants made

Who funds North Carolina Rural Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ewing Marion Kauffman FoundationSupport for Expansion of the NC Small Business Coalition With A Targeted Focus on Reaching Bipoc Entrepreneurs. 202203-12121$349,127
Golden LEAF FoundationSee Part Iv$127,534
Z. Smith Reynolds Foundation (ZSR)For General Operating Support$100,000
...and 3 more grants received

Personnel at North Carolina Rural Center

NameTitleCompensation
Franklin T. RobertsChief Financial Officer$0
Brandon RosasVice President , Finance and Administration$122,807
Todd BrantleyVice President , Public Affairs$102,388
Barry RyanSenior Vice President , Strategy and Small Bus Cap$136,958
Misty HergetVice President , Programs and Strategic Partnerships$112,741
...and 21 more key personnel

Financials for North Carolina Rural Center

RevenuesFYE 06/2023
Total grants, contributions, etc.$13,589,219
Program services$330,588
Investment income and dividends$6,893,901
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$11,408
Net gain from sale of non-inventory assets$-92,254
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$654,560
Total revenues$21,387,422

Form 990s for North Carolina Rural Center

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-15990View PDF
2022-062023-01-27990View PDF
2021-062022-05-05990View PDF
2020-062021-05-18990View PDF
2019-062021-01-21990View PDF
...and 9 more Form 990s

Organizations like North Carolina Rural Center

OrganizationLocationRevenue
Invest DetroitDetroit, MI$24,220,233
Greater Phoenix Economic CouncilPhoenix, AZ$9,013,171
Craft3Astoria, OR$19,219,259
Enterprise Florida (EFI)Orlando, FL$16,140,627
Virginia Innovation Partnership Corporation (CIT)Herndon, VA$22,793,161
Lexington MarketBaltimore, MD$5,979,904
Ben Franklin Technology Partners NE PABethlehem, PA$12,276,721
Center for Rural Affairs (CFRA)Lyons, NE$9,008,855
Northern Great Lakes InitiativesMarquette, MI$8,055,442
Credit Builders AllianceWashington, DC$5,600,497
Data update history
May 18, 2024
Used new vendors
Identified 2 new vendors, including , and
January 1, 2024
Received grants
Identified 1 new grant, including a grant for $349,127 from Ewing Marion Kauffman Foundation
December 23, 2023
Received grants
Identified 3 new grant, including a grant for $127,534 from Golden LEAF Foundation
June 27, 2023
Received grants
Identified 12 new grant, including a grant for $406,000 from Duke Endowment
June 18, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Civic / social organizationsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingState / local levelReceives government fundingProvides scholarshipsTax deductible donations
General information
Address
4021 Carya Dr
Raleigh, NC 27610
Metro area
Raleigh-Cary, NC
County
Wake County, NC
Website URL
ncruralcenter.org/ 
Phone
(919) 250-4314
Facebook page
ncruralcenter 
Twitter profile
@ncruralcenter 
IRS details
EIN
56-1552375
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Central organization
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