Garner Economic Development
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.6M
+6.2% YoY
Revenue
$197K
+95.4% YoY
Net Investment Income
$137K
+422.7% YoY
Expenses
$34K
+14.0% YoY
About Garner Economic Development
Based on IRS filings
Garner Economic Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in GARNER, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. Net investment income was $137K.
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 | $3,632,631 | $3,420,039 | $3,298,216 |
| Revenue | $197,070 | $100,875 | $716,445 |
| Expenses | $33,710 | $29,573 | $690,293 |
| Qualifying Distributions | — | $27,573 | $687,626 |
| Net Investment Income | $137,469 | $26,302 | — |
| Distributable Amount | — | $190,508 | $192,665 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFF SWAIN | CHAIRMAN | 1 | — |
| ELMO VANCE | BOARD MEMBER | 1 | — |
| BUCK KENNEDY | BOARD MEMBER | 1 | — |
| MEGAN PUMAREJO | TREASURER | 1 | — |
| BILL MOYER | SECRETARY | 1 | — |
| KEVIN PAYNE | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Garner Economic Development?
Garner Economic Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in GARNER, NC. It holds $3.6M in total assets as of 2024.
How large is Garner Economic Development?
As of 2024, Garner Economic Development holds $3.6M in total assets with $197K in annual revenue.
Where does Garner Economic Development operate?
Garner Economic Development has awarded grants in North Carolina.
What is Garner Economic Development's EIN?
Garner Economic Development's EIN (Employer Identification Number) is 80-0667463. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Garner 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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