Alamance County Economic Development
THE MISSION OF THE FOUNDATION IS TO ENHANCE THE WELFARE OF BUSINESS AND TO PROMOTE AND STIMULATE ECONOMIC VITALITY IN THE ALAMANCE COUNTY AREA FOR THE BENEFIT OF ITS MEMBERS AND THE COMMUNITY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+1.9% YoY
Annual Giving
$67K
-38.9% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$11K
-38.9% YoY
About Alamance County Economic Development
Based on IRS filings
Alamance County Economic Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in BURLINGTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 6 grants totaling $67K. Net investment income was $42K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,482,470 | $1,454,659 | $1,452,224 |
| Revenue | $375,751 | $400,737 | $569,833 |
| Expenses | $370,701 | $398,302 | $472,739 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $41,712 | $24,207 | $433 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Open Grants
3 open opportunities from Alamance County Economic Development
2026 Small Business Grant Program
ALAMANCE COUNTY ECONOMIC DEVELOPMENT
Amount
Varies
Deadline
June 26, 2026
Alamance Loan Program
ALAMANCE COUNTY ECONOMIC DEVELOPMENT
Amount
Varies
Deadline
Rolling / Open
Funding Impact Grant Program Opportunity
ALAMANCE COUNTY ECONOMIC DEVELOPMENT
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Make Nice Llc ($15,000), Ran-lew Dairy Milk Company Llc ($15,000), Alamance County Chamber - Teacher of the Year ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALAMANCE COUNTY CHAMBER - TEACHER OF THE YEAR BURLINGTON, NC | TO REIMBURSE THE CHAMBER FOR EXCELLENCE IN EDUCATION TEACHER OF THE YEAR EXPENSES. | $10,000 |
| CITYGATE DREAM CENTER BURLINGTON, NC | 2024 GROWTH GRANT RECIPIENT | $10,000 |
| MAKE NICE LLC BURLINGTON, NC | 2024 GROWTH GRANT RECIPIENT | $15,000 |
| RAN-LEW DAIRY MILK COMPANY LLC SNOW CAMP, NC | 2024 GROWTH GRANT RECIPIENT | $15,000 |
| 64 HARVARD GRAHAM, NC | 2024 GROWTH GRANT RECIPIENT | $8,000 |
| HAAND INC BURLINGTON, NC | 2024 GROWTH GRANT RECIPIENT | $9,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REAGAN GURAL | PRESIDENT | 5 | — |
| PATRICIA RHODES | TREASURER | 5 | — |
| DOUG HYMAN | PAST CHAIR | 5 | — |
| ED HOOKS | DIRECTOR | 1 | — |
| GRIFFIN MCCLURE | CHAIR | 5 | — |
| GREG LUNSFORD | DIRECTOR | 1 | — |
| TED CHANDLER | DIRECTOR | 1 | — |
| TOM MCGOWEN | DIRECTOR - NON-VOTING | 1 | — |
| PATRICK NOLTEMEYER | DIRECTOR | 1 | — |
| MARTA MOOS | DIRECTOR | 1 | — |
| RYAN MOFFITT | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Alamance County Economic Development?
Alamance County Economic Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in BURLINGTON, NC. It holds $1.5M in total assets as of 2024.
How large is Alamance County Economic Development?
As of 2024, Alamance County Economic Development holds $1.5M in total assets with $376K in annual revenue. It awarded 6 grants totaling $67K in 2024.
Where does Alamance County Economic Development operate?
Alamance County Economic Development has awarded grants in Georgia, North Carolina.
What size grants does Alamance County Economic Development award?
In 2024, Alamance County Economic Development awarded 6 grants totaling $67K — an average of about $11K per grant, based on its IRS Form 990 filings.
What is Alamance County Economic Development's EIN?
Alamance County Economic Development's EIN (Employer Identification Number) is 20-2384314. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Alamance County Economic Development's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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