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.
Alamance County Economic Development at a glance
In short: Alamance County Economic Development gave $71K across 5 grants in 2025 (avg $14K), mostly in North Carolina. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $71,000
- +6.0% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $14,200
- +27.2% vs 2024
- Median grant
- $12,000
- Total assets
- $1,498,338
- +1.1% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Alamance County Economic Development
Open Grants
2 open opportunities from Alamance County Economic Development
Who Alamance County Economic Development funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Haw River Mushrooms LLC ($25K). Together the top 5 received $71K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 20 grants of 23 (87%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Alamance County Economic Development gives
- Giving fell 63% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $46K (2021) to $191K (2022). In 2025 it made 5 grants totaling $71K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Haw River Mushrooms LLC Graham, NC | 2025 Impact Grant | $25,000 |
| Simply Massage & Wellness of Burlington LLC Burlington, NC | 2025 Small Business Grant | $12,000 |
| Fjord Inc Graham, NC | 2025 Small Business Grant | $12,000 |
| Osrostrum Inc Graham, NC | 2025 Small Business Grant | $12,000 |
| Providence a Christian Montessori Community Burlington, NC | 2025 Small Business Grant | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,498,338 | $451,969 | $436,101 | $71,000 | 5 | $45,619 |
| 2024 | $1,482,470 | $375,751 | $370,701 | $67,000 | 6 | $41,712 |
| 2023 | $1,454,659 | $400,737 | $398,302 | $109,701 | 6 | $24,207 |
| 2022 | $1,452,224 | $569,833 | $472,739 | $190,811 | 4 | $433 |
| 2021 | $1,355,130 | $415,570 | $354,129 | $45,834 | 2 | $182 |
| 2020 | $1,293,689 | $391,475 | $288,424 | $162,500 | 5 | $7,540 |
| 2019 | $1,190,638 | $387,948 | $283,302 | $110,515 | 4 | $15,768 |
About Alamance County Economic Development
Based on IRS filings
Alamance County Economic Development is a public charity focused on Community Improvement & Capacity Building, based in Burlington, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 5 grants totaling $71K. Net investment income was $46K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Alamance County Economic Development is led by Reagan Gural, President on every filing since 2021; none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Reagan Gural
President
On filings since 2021
5 hrs/week
No compensation reported
Ryan Moffitt
Chair
Director → Chair, 2025
On filings since 2024
5 hrs/week
No compensation reported
Ed Hooks
Director
On filings since 2019
1 hr/week
No compensation reported
Greg Lunsford
Director
On filings since 2019
1 hr/week
No compensation reported
Ted Chandler
Director
On filings since 2019
1 hr/week
No compensation reported
Griffin McClure
Director
Chair-Elect → Chair, 2024
Chair → Director, 2025
On filings since 2022
1 hr/week
No compensation reported
Patrick Noltemeyer
Director
On filings since 2024
1 hr/week
No compensation reported
Rachel Baldwin
Director
New on the 2025 filing
1 hr/week
No compensation reported
Sara Cloud
Director
New on the 2025 filing
1 hr/week
No compensation reported
Patricia Rhodes
Treasurer
On filings since 2022
5 hrs/week
No compensation reported
Former officers (16)
- Former: Doug Hyman (2022–2024) — Past Chair
- Former: Tom McGowen (2022–2024) — Director - Non-Voting
- Former: Marta Moos (2024) — Director
- Former: Reed Laplante (2021–2023) — Past Chair
- Former: Jeff Stein (2023) — Director · Filing note: Resigned
- Former: Kelly G. May (2023) — Director
- Former: Patrick Noltemeyer Replacement (2023) — Director
- Former: Nikki Ratliff (2020–2022) — Past Chair
- Former: David A. Williams III (2019–2021) — President
- Former: Lisa Pennington (2019–2021) — Director
- Former: Scott Thomas (2019–2021) — Treasurer
- Former: Troy Woodard (2019–2021) — Director
- Former: Chris Bryan (2020–2021) — Director
- Former: Allen Gant Jr. (2019–2020) — Director
- Former: Jim Bryan (2019) — Director
- Former: Trip Durham (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Alamance County Economic Development
How much does Alamance County Economic Development give each year?
Alamance County Economic Development gave $71K across 5 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $67K across 6 grants.
What is Alamance County Economic Development's typical grant size?
Alamance County Economic Development's median grant in 2025 was $12,000, and its average grant was $14,200, across 5 grants on its 2025 IRS Form 990.
Where does Alamance County Economic Development give grants?
Alamance County Economic Development gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Graham, NC (3 grants) and Burlington, NC (2 grants).
Does Alamance County Economic Development give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Alamance County Economic Development's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "2025 Small Business Grant" (4 grants).
Who are Alamance County Economic Development's largest grantees?
Alamance County Economic Development's largest 2025 grantees include Haw River Mushrooms LLC ($25,000), Simply Massage & Wellness of Burlington LLC ($12,000) and Fjord Inc ($12,000), according to its 2025 IRS Form 990. Together they received 69% of its itemized 2025 grant dollars.
How large is Alamance County Economic Development?
Alamance County Economic Development reported $1.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $452K.
What is Alamance County Economic Development?
Alamance County Economic Development is a public charity focused on Community Improvement & Capacity Building, based in Burlington, NC. It holds $1.5M in total assets as of 2025.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS February 27, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS July 29, 2026)
- IRS filings on file for fiscal years 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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Alamance County Economic Development down — hundreds of funders to go?