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GREATER GASTON DEVELOPMENT CORPORAT

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Public IRS 990 nonprofit record

GREATER GASTON DEVELOPMENT CORPORAT

EIN 47-1726248

What they do

THE GGDC is A PRIVATE SECTOR LED NON-PROFIT CORPORATION, FORMED IN 2014 for THE SOLE PURPOSE of STRENGTHENING FACTORS INFLUENCING GASTON COUNTYS ECONOMIC COMPETITIVENESS. THE ORGANIZATION HAS SERVED AS A LEADER, CATALYST, CONVENER, and FACILITATOR of STRATEGIC INITIATIVES DESIGNED to UNITE and ALIGN PUBLIC, PRIVATE, and NON-PROFIT ENTITIES BEHIND A PRO- GROWTH AGENDA. THE ULTIMATE GOAL of THESE EFFORTS is to SUBSTANTIALLY INCREASE CAPITAL INVESTMENT and SUSTAINABLE JOB DEVELOPMENT IN GASTON COUNTY. SINCE THE GGDCS 2014 INCEPTION, GASTON COUNTY ENJOYED MODERATE INCREMENTAL ECONOMIC DEVELOPMENT SUCCESS. BUT IN 2019, IT FOUND ITSELF AT AN INFLECTION POINT IN ITS GROWTH TRAJECTORY. WITH STRONG DEVELOPMENT MOMENTUM OCCURRING THROUGHOUT THE COUNTY, THE GGDC IN CONJUNCTION WITH PARTNERS WORKED to IDENTIFY and ADDRESS THE ASSOCIATED OPPORTUNITIES and CHALLENGES to ENSURE LONG-TERM COMMUNITY BENEFIT. THE GGDC-STRATEGICALLY and UNIQUELY POSITIONED to HELP CREATE and DRIVE FORWARD GASTON-HELPED

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2020The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$109.73spent for every $100 of revenueSpending was higher than revenue this year.
95.48%of revenue went to management and office costs87.0% of expenses
90.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $55,040 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $162,500 for PATRICK MUMFORD (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2020

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$565,455
Mission workProgram services0.00% of revenue0.0% of expenses
ManagementOffice and general costs$539,90295.48% of revenue87.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$620,495109.73% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2020CurrentExpense mix: 0.0% mission · 87.0% management · 0.0% fundraisingTotal expenses: 109.73% of revenue
2019Expense mix: 0.0% mission · 65.4% management · 0.0% fundraisingTotal expenses: 103.58% of revenue
2018Expense mix: 0.0% mission · 39.6% management · 0.0% fundraisingTotal expenses: 169.93% of revenue
2017Expense mix: 0.0% mission · 2.2% management · 0.0% fundraisingTotal expenses: 98.71% of revenue
2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 98.70% of revenue

Money in and money out

Revenue$565,455
Expenses$620,495
Annual shortfall $55,040 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$539,902 · 87.0% of expenses
See all reported dollar amounts
Revenue$565,455
Expenses$620,495
Contributions$512,308
Management and general$539,902
People

Leadership and board

Tax year 2020

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
PATRICK MUMFORDEXECUTIVE DI · 40 hrs/week $162,500

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

PATRICK MUMFORDEXECUTIVE DI

GREG BOTNERCHAIRMAN

WALKER REID IIITRUSTEE

TIM EFIRDSECRETARY/TR

SHAUN RANDALLTRUSTEE

RICK CRAIGTRUSTEE

MARTHA WOOLEY WEGNERTRUSTEE

JOHN LOWERYTRUSTEE

JOEL LONGIMMEDIATE PA

ANDY WARLICKTRUSTEE

GENE MATTHEWSTRUSTEE

CRAIG WATSONTRUSTEE

CHRIS PEEKVICE CHAIRMA

BOB CLAYTRUSTEE

BILL THIERFELDERTRUSTEE

BILL CARSTARPHENTRUSTEE

ANGEL BAEZTRUSTEE

About this charity

Location
PO BOX 7, GASTONIA, NC 28053
County
Gaston
In care of
GREG BOTNER
Primary officer
GREG BOTNER, CHAIRMAN

How to reach them

Filing and classification

Latest tax year
2020
Tax period began
January 1, 2020
Return type
990
Tax preparer
MCCANNON ROGERS DRISCOLL & ASSOC LLP

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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