Rural Economic Development Center Inc
Donations deductibleRural Economic Development Center Inc's network
22 people24 organisationsi22 people and 24 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (22). Violet dotted lines (27) 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
22 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.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 21 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 |
|---|---|---|---|
| Phil Marion Chair | Chair | 2018 | 8 yrs |
| Al Bass | Board Member | 2023 | 3 yrs |
| Alice Schenall | Board Member (To Dec '24) | 2018 | 8 yrs |
| Andy Anderson | Board Member | 2018 | 8 yrs |
| Anne Faircloth | Board Member | 2024 | 2 yrs |
| Ben Knight | Board Member | 2019 | 7 yrs |
| Brittany Bennett Weston | Board Member | 2023 | 3 yrs |
| Casey Cooper | Board Member | 2022 | 4 yrs |
| Dr Zachary Barricklow | Board Member | 2024 | 2 yrs |
| GIL Wise | Board Member | 2022 | 4 yrs |
| Jennifer Tolle Whiteside | Board Member | 2018 | 8 yrs |
| Jose Alvarez | Board Member | 2021 | 5 yrs |
| Kim Shepherd | Board Member | 2023 | 3 yrs |
| Lariza Garzon | Board Member (From Dec '24) | 2025 | 1 yr |
| Mike Hawkins | Board Member | 2022 | 4 yrs |
| Paula Benson | Treasurer | 2022 | 4 yrs |
| Randolph Keaton | Board Member | 2022 | 4 yrs |
| Randy Gore | Board Member | 2024 | 2 yrs |
| Ryan Ammann | Board Member | 2023 | 3 yrs |
| Sara Chester | Vice-Chair | 2021 | 5 yrs |
| Weyling White | Board Member | 2023 | 3 yrs |
| Yolanda Taylor | Company secretary | 2022 | 4 yrs |
Officers and senior leadership
21 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 |
|---|---|---|
| Andrea Breazeale | Dir of HR | 2025 |
| Armeer G Kenchen | Executive Director, Cornersquare, LLC | since 2022 |
| Barry Ryan | Vice President | since 2018 |
| Brandon Rosas | VP, Finance & Admin (To Mar '22) | since 2021 |
| Carolyn Rhodes | COO (From Jul '23) | since 2024 |
| Cheryl Cherry | Managing Dir, Cornersquare (From Jan '21) | 2022 |
| Daniel Michael | Controller | since 2024 |
| Franklin T Roberts | CFO/Asst Treasurer | since 2022 |
| Jalisha Richmond | Director of Lending and Client Support | since 2023 |
| Jonathan Brereton | Executive Director, Thread Capital, Inc. | since 2022 |
| Joy Stewart | Director of Internal Compliance and Audit (From Ap | since 2023 |
| Julia Malinowski | Sr. Dir, Intermediary Lending (To Dec '22) | since 2022 |
| Juvon Legare-Rivers | Product Manager | 2024 |
| Laura Carlson | Assistant Secretary | since 2023 |
| Mary K Clifford | Sr. Dir Finance & Admin (To Jul '21)) | since 2018 |
| Misty Herget | VP, Programs & Strategic Partnerships | since 2021 |
| Patrick Woodie | President & CEO | since 2018 |
| Shannon O'Shea | SBC Director of Operations | since 2023 |
| Todd Brantley | VP, Public Affairs | since 2019 |
| William Holmes | Sr Dir of Communications | 2025 |
| William Mitchell Stallings | Chief Revenue Officer | 2025 |
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 |
|---|---|---|---|---|---|
| Patrick Woodie | President & CEO | 40 | $384k | $51k | |
| Carolyn Rhodes | COO | 40 | $304k | $36k | |
| Jonathan Brereton | Exec Dir, Thread Capital (To Aug '23) | 20 | $238k | ||
| Franklin T Roberts | CFO/Asst Treasurer | 40 | $236k | $39k | |
| William Mitchell Stallings | Chief Revenue Officer | 40 | $217k | $33k | |
| Armeer G Kenchen | Exec Dir, Cornersquare LLC | 40 | $215k | $41k | |
| Misty Herget | Chief Programs Officer | 40 | $214k | $33k | |
| Joy Stewart | Dir of Internal Compliance and Audit | 40 | $166k | $25k | |
| Daniel Michael | Controller | 40 | $147k | $35k | |
| Andrea Breazeale | Dir of HR | 40 | $125k | $24k | |
| William Holmes | Sr Dir of Communications | 40 | $122k | $23k | |
| Phil Marion | Chair | 1 | $0 | ||
| Sara Chester | Vice-Chair | 1 | $0 | ||
| Yolanda Taylor | Secretary | 1 | $0 | ||
| Paula Benson | Treasurer | 1 | $0 | ||
| Jose Alvarez | Board Member | 1 | $0 | ||
| Ryan Ammann | Board Member | 1 | $0 | ||
| Andy Anderson | Board Member | 1 | $0 | ||
| Dr Zachary Barricklow | Board Member | 1 | $0 | ||
| Al Bass | Board Member | 1 | $0 | ||
| Casey Cooper | Board Member | 1 | $0 | ||
| Anne Faircloth | Board Member | 1 | $0 | ||
| Lariza Garzon | Board Member (From Dec '24) | 1 | $0 | ||
| Randy Gore | Board Member | 1 | $0 | ||
| Mike Hawkins | Board Member | 1 | $0 | ||
| Randolph Keaton | Board Member | 1 | $0 | ||
| Ben Knight | Board Member | 1 | $0 | ||
| Alice Schenall | Board Member (To Dec '24) | 1 | $0 | ||
| Kim Shepherd | Board Member | 1 | $0 | ||
| Brittany Bennett Weston | Board Member | 1 | $0 | ||
| Gil Wise | Board Member | 1 | $0 | ||
| Weyling White | Board Member | 1 | $0 | ||
| Jennifer Tolle Whiteside | Board Member | 1 | $0 |
About
- Legal name
- Rural Economic Development Center Inc
- EIN
- 561552375
- Address
- 4021 Carya Dr, Raleigh, NC, 27610-2914
- State
- North Carolina
- Mission
- We champion rural north carolina by investing in people, communities and potentialand envision a rural north carolina where every rural voice matters and every ruralcommunity thrives. (as filed on the Form 990)
- Activity (NTEE)
- S320 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
- 9 (IRS master file code)
- Formed
- 1987
- Principal officer
- Patrick Woodie (as named on the Form 990)
- IRS ruling date
- 1 April 1987
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 8, latest 2025
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥8years on the filingsPhil Marion
≥8years on the filingsAlice Schenall
≥8years on the filingsAndy Anderson
≥8years on the filingsJennifer Tolle Whiteside
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
- $309.1m
- Total liabilities
- $93.3m
- Net assets or fund balances
- $215.8m
- Contributions and grants received
- $56.2m
- Program service revenue
- $495k
- Grants and similar paid out
- $2.5m
- Employees
- 63
- Volunteers
- 22
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 |
|---|---|---|---|
| 2023 | $60.7m | $13.1m | $47.6m |
As filed on the IRS Form 990. US dollars.
Grants paid
25+ listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| North Carolina State University Small Business and Technology Development C | Ssbci ta grant | $1.8m |
| MDC Inc | Cdfi capacity building program grants | $218k |
| Cooperative Baptist Fellowship | Faith in rural communities connect implementation grant | $95k |
| Blackburns Chapel Umc | Faith in rural communities connect implementation grant | $50k |
| Bethesda Umc | Faith in rural communities connect implementation grant | $30k |
| Calvary Presbyterian Church | Faith in rural communities connect implementation grant | $30k |
| First Umc (Franklin) | Faith in rural communities connect implementation grant | $30k |
| First Umc (Murphy) | Faith in rural communities connect implementation grant | $20k |
| First United Methodist Church | Faith in rural communities connect implementation grant | $13k |
| Abernethy Memorial Umc | Faith in rural communities connect implementation grant | $10k |
| Abundant Life Miracle Center | Faith in rural communities connect implementation grant | $10k |
| Bluestone Missionary Baptist Church | Faith in rural communities connect implementation grant | $10k |
| Carthage Umc | Faith in rural communities connect implementation grant | $10k |
| Central Umc | Faith in rural communities connect implementation grant | $10k |
| Chadbourn Umc | Faith in rural communities connect implementation grant | $10k |
| Chatham Umc | Faith in rural communities connect implementation grant | $10k |
| Fairview Umc | Faith in rural communities connect implementation grant | $10k |
| Lc Graves Memorial Presbyterian | Faith in rural communities connect implementation grant | $10k |
| Laurel Hill Umc | Faith in rural communities connect implementation grant | $10k |
| New Saint Paul Baptist Church | Faith in rural communities connect implementation grant | $10k |
| Oak Hill United Methodist Church | Faith in rural communities connect implementation grant | $10k |
| Pilmoor Memorial Umc | Faith in rural communities connect implementation grant | $10k |
| Plank Chapel Umc | Faith in rural communities connect implementation grant | $10k |
| Prospect United Methodist Church | Faith in rural communities connect implementation grant | $10k |
| Sharon Missionary Baptist Church | Faith in rural communities connect implementation grant | $10k |