Garner Economic Development Corporation
The gedc (Garner Economic Development Corporation) is an economic development non-profit organization that is dedicated to improving the quality of life of all garner residents through business recruitment, supporting entrepreneurship and the retention of existing employers. The gedc is led by a six-member board of directors. The board advises the town council and works with local leaders to promote and further the town of garner's economic development interests.
Garner Economic Development Corporation at a glance
- Total assets
- $3,866,385
- +6.4% vs 2024
- Revenue (2025)
- $192,785
- -2.2% vs 2024
- Net investment income (2025)
- $133,184
- -3.1% vs 2024
- Expenses (2025)
- $40,495
- +20.1% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Garner Economic Development Corporation funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 1 grant of 3 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Garner Economic Development Corporation gives
- In 2023 it paid out 14% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2024, annual grant giving ranged from $1K (2024) to $630K (2022). In 2024 it reported $1K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Town of Garner Garner, NC | Land Donation | $629,000 |
| Town of Garner Garner, NC | Cash Donation | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,866,385 | $192,785 | $40,495 | — | — | — | $133,184 | — |
| 2024 | $3,632,631 | $197,070 | $33,710 | $1,236 | Total only | — | $137,469 | — |
| 2023 | $3,420,039 | $100,875 | $29,573 | — | — | $27,573 | $26,302 | $190,508 |
| 2022 | $3,298,216 | $716,445 | $690,293 | $630,000 | 2 | $687,626 | — | $192,665 |
| 2021 | $3,484,187 | $365,007 | $274,855 | $250,000 | 1 | — | $35,576 | $165,739 |
| 2020 | $3,269,160 | $122,972 | $19,265 | — | — | — | $58,707 | $166,030 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Garner Economic Development Corporation
Based on IRS filings
Garner Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Garner, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.9M in total assets. Net investment income was $133K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Garner Economic Development Corporation is led by Jeff Swain, Chairman on every filing since 2020; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jeff Swain
Chairman
On filings since 2020
1 hr/week
No compensation reported
Elmo Vance
Board Member
On filings since 2020
1 hr/week
No compensation reported
Buck Kennedy
Board Member
On filings since 2023
1 hr/week
No compensation reported
Bill Moyer
Secretary
On filings since 2024
1 hr/week
No compensation reported
Kevin Payne
Board Member
On filings since 2024
1 hr/week
No compensation reported
Megan Pumarejo
Treasurer
On filings since 2024
1 hr/week
No compensation reported
Former officers (3)
- Former: Griffin Laughridge (2020–2023) — Treasurer
- Former: Doris Huebner (2020–2022) — Secretary
- Former: Suzanne Griffin (2021–2022) — Board Member
Data from IRS Form 990 filings, 2020–2025. "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 Garner Economic Development Corporation
How large is Garner Economic Development Corporation?
Garner Economic Development Corporation reported $3.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $193K.
What is Garner Economic Development Corporation?
Garner Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Garner, NC. It holds $3.9M in total assets as of 2025.
Where does Garner Economic Development Corporation operate?
Garner Economic Development Corporation has awarded grants in North Carolina.
What is Garner Economic Development Corporation's EIN?
Garner Economic Development Corporation's EIN (Employer Identification Number) is 80-0667463. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 9, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 21, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 29, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Garner Economic Development Corporation's focus areas in our free grants database
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