Skip to content
Nonprofiteer
← BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC

Form 990 for tax year 2024

Filed by BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC.

Totals

Total revenue
$1,953,254
Total expenses
$1,218,991
Contributions and grants received
$999,832
Grants paid
$0
Program service revenue
$0
Investment income
$953,337
Other revenue
$85
Total assets, end of year
$39,027,208
Total liabilities, end of year
$35,569,012
Net assets or fund balances, end of year
$3,458,196
Program services expenses (Part IX)
$1,162,508
Management and general expenses
$56,483
Fundraising expenses
$0
Program service expenses (Part III)
$1,162,508

Program services were 95.4% 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

    $557,911

  • 1e · Government grants (contributions)

    $440,921

  • 1f · All other contributions, gifts and grants

    $1,000

  • 3 · Investment income

    total $953,337 · excluded $953,337

  • 11a · Other revenue: MISCELLANEOUS

    total $85 · related or exempt $85

  • 11e · Other revenue, total

    $85

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $368,484 · program services $331,636 · management and general $36,848

  • 11c · Fees: accounting

    total $4,400 · management and general $4,400

  • 11d · Fees: lobbying

    total $73,006 · program services $73,006

  • 11g · Fees: other

    total $54,000 · program services $54,000

  • 13 · Office expenses

    total $4,088 · program services $3,066 · management and general $1,022

  • 16 · Occupancy

    total $25,116 · program services $18,837 · management and general $6,279

  • 17 · Travel

    total $22,841 · program services $22,155 · management and general $686

  • 22 · Depreciation, depletion and amortization

    total $1,384 · management and general $1,384

  • 23 · Insurance

    total $2,907 · program services $2,180 · management and general $727

  • 24a · Other expenses: GRANT EXPENSES

    total $592,371 · program services $592,371

  • 24b · Other expenses: MARKETING

    total $53,292 · program services $53,292

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $15,953 · program services $11,965 · management and general $3,988

  • 24d · Other expenses: MISCELLANEOUS

    total $1,149 · management and general $1,149

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $415,899 · end of year $372,063

  • 2 · Savings and temporary cash investments

    beginning of year $35,983,620 · end of year $36,508,535

  • 4 · Accounts receivable

    beginning of year $5,904 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $2,212,669

  • 10b · Land, buildings and equipment: accumulated depreciation

    $66,059

  • 10c · Land, buildings and equipment, net

    beginning of year $2,147,994 · end of year $2,146,610

  • 17 · Accounts payable and accrued expenses

    end of year $167,950

  • 19 · Deferred revenue

    beginning of year $35,829,484 · end of year $35,401,062

  • 27 · Net assets without donor restrictions

    beginning of year $2,569,797 · end of year $2,514,673

  • 28 · Net assets with donor restrictions

    beginning of year $154,136 · end of year $943,523

Mission and programs · 2024

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 $1,162,508 · Revenue $85

As filed on the 2024 return.

Listed in Part VII

  • Mike Swan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Sally Sandy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jim Toner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Gary Paxton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Chris Hawkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Brian Epley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Todd Herms

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Charles Watts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Bryan Beam

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jessica Bargsley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Bill Carroll

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Terry Childers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Lamar Smitherman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jeff Brittain

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Joel Walsh

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Logan Shook

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Alan Wood

    EXECUTIVE DIRECTOR

    Total calculated
    $160,382
    From this org
    $156,165
    From related orgs
    $0
    Other
    $4,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,869
    Bonus
    $7,500
    Other
    $7,796
    Deferred
    $4,217
    Nontaxable benefits
    $0
    Filer's total
    $160,382

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
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202502949349300900

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.