Kerr-TAR Economic Development Corporation
Donations deductibleRevenue
$453k
year to 30 June 2025
Expenses
$5.7m
year to 30 June 2025
Total assets
$5.9m
$3.8m liabilities
Net assets
$2.1m
assets less liabilities
Directors and trustees
12
4.8y av
Staff
0
employees, year to 30 June 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
5
named in Part VII
Kerr-TAR Economic Development Corporation's network
12 people13 organisationsi12 people and 13 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (12). Violet dotted lines (14) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
12 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 14 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Abdul Rasheed | Board Member | 2019 | 7 yrs |
| Adam McConnell | Board Member | 2024 | 2 yrs |
| ALI Cooper | Board Member | 2025 | 1 yr |
| Jennifer Jordan-Pierce | Board Member | 2024 | 2 yrs |
| John Alston | Board Member | 2019 | 7 yrs |
| Keith Smith | Board Member | 2019 | 7 yrs |
| Leslie Scott | Board Member | 2019 | 7 yrs |
| Mark Speed | Board Member | 2024 | 2 yrs |
| Robert Fleming | Board Member | 2019 | 7 yrs |
| Shane Mitchell | Board Member | 2019 | 7 yrs |
| TIM Karan | Vice Chairman | 2024 | 2 yrs |
| Victor Hunt | Board Member | 2025 | 1 yr |
Officers and senior leadership
5 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Dan Brummitt | Vice Chairman | since 2019 |
| David Smith | Chairman | since 2019 |
| Michael Shriver | Company secretary | 2021 |
| Sidney Dunston | Company secretary | since 2019 |
| Walter Powell | Treasurer | since 2019 |
Pay and hours
year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Mark Speed | Board Member | 0 | $0 | ||
| Tim Karan | Vice Chairman | 0 | $0 | ||
| Abdul Rasheed | Board Member | 0 | $0 | ||
| Leslie Scott | Board Member | 0 | $0 | ||
| Keith Smith | Board Member | 0 | $0 | ||
| John Alston | Board Member | 0 | $0 | ||
| Shane Mitchell | Board Member | 0 | $0 | ||
| Jennifer Jordan-Pierce | Board Member | 0 | $0 | ||
| Robert Fleming | Board Member | 0 | $0 | ||
| Adam McConnell | Board Member | 0 | $0 | ||
| Ali Cooper | Board Member | 0 | $0 | ||
| Victor Hunt | Board Member | 0 | $0 | ||
| Danny Wright | President | 0 | $0 | ||
| Dan Brummitt | Chairman | 0 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Kerr-Tar Economic Development Corporation
- EIN
- 203115014
- Address
- Po Box 709, Henderson, NC, 27536-0709
- State
- North Carolina
- Mission
- The corporation was formed for the purpose of promoting and supporting economic and community development activities in the following four north carolina counties: franklin, granville, vance and warren. (as filed on the Form 990)
- Activity (NTEE)
- S30 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 7 (IRS master file code)
- Formed
- 2005
- Principal officer
- Dan Brummitt (as named on the Form 990)
- IRS ruling date
- 1 August 2006
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2025
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥7years on the filingsAbdul Rasheed
≥7years on the filingsJohn Alston
≥7years on the filingsKeith Smith
≥7years on the filingsLeslie Scott
Latest return
year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.- Total assets
- $5.9m
- Total liabilities
- $3.8m
- Net assets or fund balances
- $2.1m
- Contributions and grants received
- $263k
- Program service revenue
- $0
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $453k | $5.7m | Deficit $5.2m |
As filed on the IRS Form 990. US dollars.