North Carolina Employee Ownership Center
Donations deductibleRevenue
$321k
year to 31 December 2025
Expenses
$225k
year to 31 December 2025
Total assets
$275k
$5k liabilities
Net assets
$269k
assets less liabilities
Directors and trustees
13
3.6 years on average
Staff
3
employees, year to 31 December 2025
Chair observed
≥3 yrs
Merald Holloway
Left since last filing
0
no seats appear to have opened
North Carolina Employee Ownership Center's network
13 people10 organisationsi13 people and 10 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (13). Violet dotted lines (10) 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
13 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 11 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 |
|---|---|---|---|
| Merald Holloway Chair | Chair | 2021 | 5 yrs |
| Aaron Dawson | Director | 2023 | 3 yrs |
| Andrew Foster | Director | 2022 | 4 yrs |
| Anne-Claire Broughton | Board Member/Interim Executive Director | 2021 | 5 yrs |
| Christy Almond Part Year | Director | 2024 | 2 yrs |
| Colin Kiser | Director | 2024 | 2 yrs |
| La-Tasha Best-Gaddy | Treasurer | 2021 | 5 yrs |
| Lauren Tudor Part Year | Executive Director | 2024 | 2 yrs |
| Pamela Colley | Director | 2024 | 2 yrs |
| Patrick McHugh | Company secretary | 2021 | 5 yrs |
| Steve Storkan | Director | 2024 | 2 yrs |
| Teia Evans | Director | 2024 | 2 yrs |
| Zarin Kresge | Director | 2024 | 2 yrs |
Officers and senior leadership
1 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 |
|---|---|---|
| Guenevere Abernathy | Executive Director | 2021 |
Pay and hours
year to 31 December 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 |
|---|---|---|---|---|---|
| Illa Burbank | Executive Dir. | 40 | $67k | ||
| Patrick McHugh | Trustee | 1 | $0 | ||
| Gale Marett | Trustee | 1 | $0 | ||
| Zarin Kresge | Trustee | 1 | $0 | ||
| Andrew Foster | Trustee | 1 | $0 | ||
| Pamela Colley | Trustee | 1 | $0 | ||
| Merald Holloway | Chairman | 1 | $0 | ||
| La-Tasha Best-Gaddy | Treasurer | 1.5 | $0 | ||
| Colin Kiser | Vice President | 1 | $0 | ||
| Aaron Dawson | Secretary | 1 | $0 |
About
- Legal name
- North Carolina Employee Ownership Center
- EIN
- 841779855
- Address
- 411 W Chapel Hill St Ste C2, Durham, NC, 27701-3272
- State
- North Carolina
- Mission
- The north carolina employee ownership center is an educational nonprofit whose mission is to protect jobs, increase community wealth, and create a more vibrant, inclusive economy through employee ownership. (as filed on the Form 990)
- Activity (NTEE)
- J21 Employment
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Employment
- Size band
- 4 (IRS master file code)
- Formed
- 2019
- Principal officer
- Merald Holloway (as named on the Form 990)
- IRS ruling date
- 1 January 2020
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 4, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥5years on the filingsMerald Holloway
≥5years on the filingsAnne-Claire Broughton
≥5years on the filingsLa-Tasha Best-Gaddy
≥5years on the filingsPatrick McHugh
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $275k
- Total liabilities
- $5k
- Net assets or fund balances
- $269k
- Contributions and grants received
- $305k
- Program service revenue
- $13k
- Employees
- 3
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 | $165k | $216k | Deficit $51k |
As filed on the IRS Form 990. US dollars.