Form 990 for tax year 2023
Filed by BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC.
Totals
- Total revenue
- $778,583
- Total expenses
- $657,299
- Contributions and grants received
- $620,198
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $154,136
- Other revenue
- $4,249
- Total assets, end of year
- $38,553,417
- Total liabilities, end of year
- $35,829,484
- Net assets or fund balances, end of year
- $2,723,933
- Program services expenses (Part IX)
- $600,712
- Management and general expenses
- $56,587
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $600,712
Program services were 91.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$531,900
-
1e · Government grants (contributions)
$83,798
-
1f · All other contributions, gifts and grants
$4,500
-
3 · Investment income
total $154,136 · excluded $154,136
-
11a · Other revenue: MISCELLANEOUS
total $4,249 · related or exempt $4,249
-
11e · Other revenue, total
$4,249
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $371,434 · program services $334,291 · management and general $37,143
-
11c · Fees: accounting
total $4,719 · management and general $4,719
-
11d · Fees: lobbying
total $90,000 · program services $90,000
-
13 · Office expenses
total $4,125 · program services $3,094 · management and general $1,031
-
16 · Occupancy
total $22,696 · program services $17,022 · management and general $5,674
-
17 · Travel
total $26,276 · program services $25,455 · management and general $821
-
22 · Depreciation, depletion and amortization
total $1,370 · management and general $1,370
-
23 · Insurance
total $3,759 · program services $2,819 · management and general $940
-
24a · Other expenses: MARKETING
total $66,866 · program services $66,866
-
24b · Other expenses: GRANT EXPENSES
total $51,107 · program services $51,107
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $13,411 · program services $10,058 · management and general $3,353
-
24d · Other expenses: MISCELLANEOUS
total $1,536 · management and general $1,536
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $486,422 · end of year $415,899
-
2 · Savings and temporary cash investments
end of year $35,983,620
-
4 · Accounts receivable
end of year $5,904
-
10a · Land, buildings and equipment: cost or other basis
$2,212,669
-
10b · Land, buildings and equipment: accumulated depreciation
$64,675
-
10c · Land, buildings and equipment, net
beginning of year $2,146,227 · end of year $2,147,994
-
19 · Deferred revenue
beginning of year $30,000 · end of year $35,829,484
-
27 · Net assets without donor restrictions
beginning of year $2,602,649 · end of year $2,569,797
-
28 · Net assets with donor restrictions
end of year $154,136
Mission and programs · 2023
Mission
TO ENCOURAGE AND PROMOTE INDUSTRIAL AND COMMERCIAL GROWTH, AND TOURISM AND TO ASSIST NEW AND START UP BUSINESSES IN BURKE COUNTY
Activities or mission (Part I)
TO ENCOURAGE AND PROMOTE INDUSTRIAL AND COMMERCIAL GROWTH, TOURISM AND TO ASSIST NEW BUSINESSES IN BURKE COUNTY
-
TO ENCOURAGE AND PROMOTE INDUSTRIAL AND COMMERCIAL GROWTH, AND TOURISM AND TO ASSIST NEW AND START UP BUSINESSES IN BURKE COUNTY
Expenses $600,712 · Revenue $4,249
As filed on the 2023 return.
Listed in Part VII
-
Mike SwanMIKE SWAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sally SandySALLY SANDY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jim TonerJIM TONER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Kathy BaileyKATHY BAILEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Chris HawkinsCHRIS HAWKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Brian EpleyBRIAN EPLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Bryan BeamBRYAN BEAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Charles WattsCHARLES WATTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Bryan SteenBRYAN STEEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jessica BargsleyJESSICA BARGSLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Bill CarrollBILL CARROLL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Terry ChildersTERRY CHILDERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Lamar SmithermanLAMAR SMITHERMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jeff BrittainJEFF BRITTAIN
CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Joel WalshJOEL WALSH
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Logan ShookLOGAN SHOOK
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Alan WoodALAN WOOD
EXECUTIVE DIRECTOR
- Total calculated
- $157,244
- From this org
- $145,313
- From related orgs
- $0
- Other
- $11,931
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,813
- Bonus
- $7,500
- Other
- $0
- Deferred
- $4,135
- Nontaxable benefits
- $7,796
- Filer's total
- $157,244
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422409349300502
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