POWELL ECONOMIC PARTNERSHIP INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
POWELL ECONOMIC PARTNERSHIP INC (EIN 45-3122296)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-04-12
IRS object ID
202121029349300532
Schema version
2020v4.0
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)
Return2021-04-12T11:19:02-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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

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
Signature2021-04-08SignatureDt
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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES B SECKMAN CPAPreparerPersonNm
PTINP00545777PTIN
Phone3077542141PhoneNum
Preparation2021-04-12PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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$248,017GrossReceiptsAmt
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 Employee7TotalEmployeeCnt
Total Volunteers3TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$252,485PYContributionsGrantsAmt
CY Contributions Grants$225,874CYContributionsGrantsAmt
PY Program Service Revenue$2,776PYProgramServiceRevenueAmt
CY Program Service Revenue$17,338CYProgramServiceRevenueAmt
PY Investment Income$598PYInvestmentIncomeAmt
CY Investment Income$798CYInvestmentIncomeAmt
PY Other Revenue$8,710PYOtherRevenueAmt
CY Other Revenue$4,007CYOtherRevenueAmt
PY Total Revenue$264,569PYTotalRevenueAmt
CY Total Revenue$248,017CYTotalRevenueAmt
PY Grants And Similar Paid$20,679PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$171,139PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$191,954CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$94,383PYOtherExpensesAmt
CY Other Expenses$61,808CYOtherExpensesAmt
PY Total Expenses$286,201PYTotalExpensesAmt
CY Total Expenses$253,762CYTotalExpensesAmt
PY Revenues Less Expenses-$21,632PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$5,745CYRevenuesLessExpensesAmt
Total Assets BOY$177,630TotalAssetsBOYAmt
Total Assets EOY$169,733TotalAssetsEOYAmt
Total Liabilities BOY$6,749TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,597TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$170,881NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$165,136NetAssetsOrFundBalancesEOYAmt
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$166,436ExpenseAmt
DescFOR THE PURPOSE OF ECONOMIC DEVELOPMENTDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$16,851ExpenseAmt
DescFOR THE PURPOSE OF ECONOMIC DEVELOPMENTDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$16,851TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$183,287TotalProgramServiceExpensesAmt
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 Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee7EmployeeCnt
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

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
REBEKAH BURNS
EXEC DIRECTO40.000.00Yes (X)$59,729$0$0
TOMMI BREWER
BOARD MEMBERYes (X)$0$0$0
MIKE BRIDGEMAN
BOARD MEMBERYes (X)$0$0$0
BOB CHANDLER
BOARD MEMBERYes (X)$0$0$0
CHRIS COX
TREASURERYes (X)$0$0$0
TODD ERNST
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
DAVID NORTHRUP
BOARD MEMBERYes (X)$0$0$0
CAYDE O'BRIEN
BOARD MEMBERYes (X)$0$0$0
TERRY ODOM
BOARD MEMBERYes (X)$0$0$0
MEGAN PFEFFERLE
BOARD MEMBERYes (X)$0$0$0
VINCE SMITH
BOARD MEMBERYes (X)$0$0$0
KELLY SPIERING
CHAIRYes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$59,729TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Membership Dues$79,974MembershipDuesAmt
Government Grants$144,079GovernmentGrantsAmt
All Other Contributions$1,821AllOtherContributionsAmt
Total Contributions$225,874TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM SERVICE REVENUEDesc
Total Revenue Column$17,338TotalRevenueColumnAmt
Related Or Exempt Func Income$17,338RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$17,338TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$798TotalRevenueColumnAmt
Related Or Exempt Func Income$798RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Total Revenue Column$4,007TotalRevenueColumnAmt
Related Or Exempt Func Income$4,007RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$4,007OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$248,017TotalRevenueColumnAmt
Related Or Exempt Func Income$22,143RelatedOrExemptFuncIncomeAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$157,283TotalAmt
Program Services$104,861ProgramServicesAmt
Management And General$52,422ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$21,004TotalAmt
Program Services$14,003ProgramServicesAmt
Management And General$7,001ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$13,667TotalAmt
Program Services$9,112ProgramServicesAmt
Management And General$4,555ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,550TotalAmt
Program Services$1,550ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$14,389TotalAmt
Program Services$14,389ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,778TotalAmt
Program Services$889ProgramServicesAmt
Management And General$889ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,918TotalAmt
Management And General$3,918ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$5,816TotalAmt
Program Services$5,816ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

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

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,690TotalAmt
Management And General$1,690ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
OTHER$10,416$10,416
COMMUNITY EVENTS$4,146$4,146
SUBSCRIPTIONS$3,794$3,794
AMERICORPS VISTA$3,561$3,561

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$9,177TotalAmt
Program Services$9,177ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$253,762TotalAmt
Program Services$183,287ProgramServicesAmt
Management And General$70,475ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$144,769BOYAmt
EOY$147,211EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$11,625BOYAmt
EOY$2,859EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$23,596LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,933LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$21,236BOYAmt
EOY$19,663EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$177,630BOYAmt
EOY$169,733EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,670BOYAmt
EOY$1,388EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,079BOYAmt
EOY$3,209EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,749BOYAmt
EOY$4,597EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$170,881BOYAmt
EOY$165,136EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$170,881BOYAmt
EOY$165,136EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$177,630BOYAmt
EOY$169,733EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$5,745ReconcilationRevenueExpnssAmt
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$3,933DepreciationAmt
Book Value$19,663BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$19,663TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
PAYROLL LIABILITIES$3,144
DEFERRED REVENUE$65
FieldValueIRS element (for citing)
Total Liability$3,209TotalLiabilityAmt

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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