POWELL ECONOMIC PARTNERSHIP INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
POWELL ECONOMIC PARTNERSHIP INC (EIN 45-3122296)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-07
IRS object ID
202401289349301320
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-07T09:38:44-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN202085727PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SECKMAN & THOMAS CPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1544 GATEWAY DRAddressLine1Txt
CityPOWELLCityNm
State AbbreviationWYStateAbbreviationCd
ZIP824359201ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453122296EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1POWELL ECONOMIC PARTNERSHIP INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPOWEBusinessNameControlTxt
Phone3072727899PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 S DAYAddressLine1Txt
CityPOWELLCityNm
State AbbreviationWYStateAbbreviationCd
ZIP82435ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonREBEKAH BURNSPersonNm
Person TitleEXEC DIRECTORPersonTitleTxt
Phone3072727899PhoneNum
Signature2024-04-22SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstREBEKAHPersonFirstNm
Person LastBURNSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES B SECKMAN CPAPreparerPersonNm
PTINP00545777PTIN
Phone3077542141PhoneNum
Preparation2024-05-07PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerREBEKAH BURNSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 S DAYAddressLine1Txt
CityPOWELLCityNm
State AbbreviationWYStateAbbreviationCd
ZIP82435ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$276,093GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateWYLegalDomicileStateCd
Activity Or MissionTO UNITE THE BUSINESS COMMUNITY AND GOVERNMENT TO CREATE WEALTH, JOBS, AND IMPROVE THE QUALITY OF LIFE CONSISTENT WITH THE CULTURE AND ENVIRONMENT OF THE POWELL VALLEY FOR THE BENEFIT OF ALL CITIZENS.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee6TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$238,479PYContributionsGrantsAmt
CY Contributions Grants$248,119CYContributionsGrantsAmt
PY Program Service Revenue$23,908PYProgramServiceRevenueAmt
CY Program Service Revenue$25,769CYProgramServiceRevenueAmt
PY Investment Income$909PYInvestmentIncomeAmt
CY Investment Income$196CYInvestmentIncomeAmt
PY Other Revenue$6,190PYOtherRevenueAmt
CY Other Revenue$2,009CYOtherRevenueAmt
PY Total Revenue$269,486PYTotalRevenueAmt
CY Total Revenue$276,093CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$181,880PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$169,619CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$101,476PYOtherExpensesAmt
CY Other Expenses$100,430CYOtherExpensesAmt
PY Total Expenses$283,356PYTotalExpensesAmt
CY Total Expenses$270,049CYTotalExpensesAmt
PY Revenues Less Expenses-$13,870PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$6,044CYRevenuesLessExpensesAmt
Total Assets BOY$177,130TotalAssetsBOYAmt
Total Assets EOY$176,018TotalAssetsEOYAmt
Total Liabilities BOY$9,238TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,082TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$167,892NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$173,936NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO UNITE THE BUSINESS COMMUNITY AND GOVERNMENT TO CREATE WEALTH, JOBS, AND IMPROVE THE QUALITY OF LIFE CONSISTENT WITH THE CULTURE AND ENVIRONMENT OF THE POWELL VALLEY FOR THE BENEFIT OF ALL CITIZENS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$191,553ExpenseAmt
DescFOR THE PURPOSE OF ECONOMIC DEVELOPMENTDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$11,137ExpenseAmt
DescFOR THE PURPOSE OF ECONOMIC DEVELOPMENTDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$11,137TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$202,690TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee6EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAMES B SECKMAN CPA PCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3077542141PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1544 GATEWAY DRAddressLine1Txt
CityPOWELLCityNm
State AbbreviationWYStateAbbreviationCd
ZIP82435ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CARTER BAXTER
BOARD MEMBERYes (X)$0$0$0
REBEKAH BURNS
EXEC DIRECTOYes (X)$0$0$0
BOB CHANDLER
BOARD MEMBERYes (X)$0$0$0
CHRIS COX
CHAIRYes (X)$0$0$0
DEVAN FINK
BOARD MEMBERYes (X)$0$0$0
KEVIN FINN
BOARD MEMBERYes (X)$0$0$0
MIKE HOBBS
VICE CHAIRYes (X)$0$0$0
MOLLY LYNN
BOARD MEMBERYes (X)$0$0$0
GREGG MCDONALD
SECRETARYYes (X)$0$0$0
MICHELA MORRISSEY
BOARD MEMBERYes (X)$0$0$0
DAVID NORTHRUP
BOARD MEMBERYes (X)$0$0$0
CAYDE O'BRIEN
TREASURERYes (X)$0$0$0
KELLY SPIERING
BOARD MEMBERYes (X)$0$0$0
RACHEL VARDIMAN
BOARD MEMBERYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Membership Dues$79,025MembershipDuesAmt
Government Grants$68,500GovernmentGrantsAmt
All Other Contributions$100,594AllOtherContributionsAmt
Total Contributions$248,119TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM INCOMEDesc
Total Revenue Column$25,769TotalRevenueColumnAmt
Related Or Exempt Func Income$25,769RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$25,769TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$196TotalRevenueColumnAmt
Related Or Exempt Func Income$196RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
OTHER INCOME$1,659$1,659
RENT INCOME$350$350
FieldValueIRS element (for citing)
Other Revenue Total$2,009OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$276,093TotalRevenueColumnAmt
Related Or Exempt Func Income$25,965RelatedOrExemptFuncIncomeAmt
Exclusion$2,009ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$152,069TotalAmt
Program Services$101,384ProgramServicesAmt
Management And General$50,685ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$11,222TotalAmt
Program Services$7,482ProgramServicesAmt
Management And General$3,740ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,328TotalAmt
Program Services$4,219ProgramServicesAmt
Management And General$2,109ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$21,310TotalAmt
Program Services$21,310ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$9,564TotalAmt
Program Services$9,564ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,275TotalAmt
Management And General$1,275ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$8,167TotalAmt
Management And General$8,167ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,366TotalAmt
Program Services$6,366ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,573TotalAmt
Program Services$1,573ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,383TotalAmt
Management And General$1,383ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
AMERICORPS VISTA$21,153$21,153
SUBSCRIPTIONS$7,151$7,151
MEMBERSHIP MANAGEMENT$6,456$6,456
COMMUNITY EVENTS$2,959$2,959

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$13,073TotalAmt
Program Services$13,073ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$270,049TotalAmt
Program Services$202,690ProgramServicesAmt
Management And General$67,359ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$126,478BOYAmt
EOY$120,587EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$34,135BOYAmt
EOY$40,487EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$23,596LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,652LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$16,517BOYAmt
EOY$14,944EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$177,130BOYAmt
EOY$176,018EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,250BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,988BOYAmt
EOY$2,082EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,238BOYAmt
EOY$2,082EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$167,892BOYAmt
EOY$173,936EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$167,892BOYAmt
EOY$173,936EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$177,130BOYAmt
EOY$176,018EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$6,044ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$23,596OtherCostOrOtherBasisAmt
Depreciation$8,652DepreciationAmt
Book Value$14,944BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$14,944TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEFERRED REVENUE$1,975
PAYROLL LIABILITIES$107
FieldValueIRS element (for citing)
Total Liability$2,082TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DFOR THE PURPOSE OF ECONOMIC DEVELOPMENT
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 12CNOT ALLOWED TO VOTE
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC

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