Davidson County Economic

Foundation · Grantmaker Lexington, NC EIN: 56-1556790

TO PROMOTE INDUSTRY IN DAVIDSON COUNTY

Key facts about Davidson County Economic

EIN
56-1556790
Latest 990 filing
Form 990 filing, 2025
Total assets
$591,471

Data from IRS Form 990 filing, 2025; updated September 2026.

Next steps with Davidson County Economic

Financial Overview

From 2025 IRS Form 990 filing · View filing

Total Assets

$591K

-2.1% YoY

Revenue

$45K

+115.5% YoY

Net Investment Income

$21K

+97.5% YoY

Expenses

$57K

-74.2% YoY

About Davidson County Economic

Based on IRS filings

Davidson County Economic is a nonprofit organization, based in Lexington, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $591K in total assets. Net investment income was $21K.

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K20212022202320242025
Metric202520242023
Total Assets$591,471$603,900$798,792
Revenue$44,915$20,841$386,453
Expenses$57,344$222,691$407,933
Qualifying Distributions———
Net Investment Income$21,415$10,841$3,703
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2025

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K0 grants20211 grants20220 grants20230 grants20240 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2025

Grant Size Distribution

1 grants across all recorded years

<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Leadership & Key People

Officers and directors from IRS filings

Davidson County Economic is led by Todd Yates, President since 2024 (on filings since 2021); none of the 13 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Todd Yates

    President

    Board → Director, 2023

    Director → President, 2024

    On filings since 2021

    No compensation reported

  • John Byrum

    Director

    Board → Director, 2023

    On filings since 2021

    No compensation reported

  • Larry Potts

    Director

    Board → Director, 2023

    On filings since 2021

    No compensation reported

  • Larry Ward

    Director

    Board → Director, 2023

    On filings since 2021

    No compensation reported

  • Raleigh York

    Director

    Board → Director, 2023

    On filings since 2021

    No compensation reported

  • Scott Morris

    Alternate Di

    Treasurer → Director, 2024

    Director → Alternate Di, 2025

    On filings since 2021

    No compensation reported

  • Jason Hayes

    Vice Chairman

    Board → Director, 2023

    Director → Vice Chairman, 2024

    On filings since 2022

    No compensation reported

  • Allen Todd

    Alternate Di

    Director → Alternate Di, 2025

    On filings since 2024

    No compensation reported

  • Casey Smith

    Facilitator

    On filings since 2024

    No compensation reported

  • Fred McClure

    Alternate Di

    Director → Alternate Di, 2025

    On filings since 2024

    No compensation reported

  • Hunter Thrift

    Alternate Di

    Director → Alternate Di, 2025

    On filings since 2024

    No compensation reported

  • Jackie Edwards

    Alternate Di

    Director → Alternate Di, 2025

    On filings since 2024

    No compensation reported

  • John Burke

    Alternate Di

    Director → Alternate Di, 2025

    On filings since 2024

    No compensation reported

Former officers (9)
  • Former: Craig Goodson (2021–2023) — Former President
  • Former: Mark Swaim (2021–2023) — Chairman
  • Former: Ed Jordan (2021–2022) — Board
  • Former: Robin Team (2021–2022) — Board
  • Former: Steve Jackson (2021–2022) — Chairman
  • Former: Wayne Herrick (2021–2022) — Secretary
  • Former: Don Truell (2021) — Board
  • Former: Newell Clark (2021) — Board
  • Former: Wayne Wilkins (2021) — Board

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently Asked Questions

How large is Davidson County Economic?

As of 2025, Davidson County Economic holds $591K in total assets with $45K in annual revenue.

What is Davidson County Economic's EIN?

Davidson County Economic's EIN (Employer Identification Number) is 56-1556790. IRS Form 990 filing data is available on this page for 2021–2025.

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Data last updated September 2026. Sourced from IRS Form 990 filings.

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