POWELL ECONOMIC PARTNERSHIP INC: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
POWELL ECONOMIC PARTNERSHIP INC (EIN 45-3122296)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-04-14
IRS object ID
202621049349301622
Schema version
2025v4.0
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)
Return2026-04-14T15:35:18-04:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

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 Begin2025-01-01TaxPeriodBeginDt

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)
PersonMICHELA MORRISSEYPersonNm
Person TitleEXEC DIRECTORPersonTitleTxt
Phone3072727899PhoneNum
Signature2026-03-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES B SECKMAN CPAPreparerPersonNm
PTINP00545777PTIN
Phone3077542141PhoneNum
Preparation2026-04-13PreparationDt
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHELA MORRISSEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 S DAYAddressLine1Txt
CityPOWELLCityNm
State AbbreviationWYStateAbbreviationCd
ZIP82435ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$233,589GrossReceiptsAmt
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 Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee6TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$232,378PYContributionsGrantsAmt
CY Contributions Grants$209,656CYContributionsGrantsAmt
PY Program Service Revenue$17,037PYProgramServiceRevenueAmt
CY Program Service Revenue$19,196CYProgramServiceRevenueAmt
PY Investment Income$2,644PYInvestmentIncomeAmt
CY Investment Income$1,621CYInvestmentIncomeAmt
PY Other Revenue$3,277PYOtherRevenueAmt
CY Other Revenue$3,116CYOtherRevenueAmt
PY Total Revenue$255,336PYTotalRevenueAmt
CY Total Revenue$233,589CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$157,861PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$163,969CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$123,766PYOtherExpensesAmt
CY Other Expenses$102,612CYOtherExpensesAmt
PY Total Expenses$281,627PYTotalExpensesAmt
CY Total Expenses$266,581CYTotalExpensesAmt
PY Revenues Less Expenses-$26,291PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$32,992CYRevenuesLessExpensesAmt
Total Assets BOY$147,667TotalAssetsBOYAmt
Total Assets EOY$115,276TotalAssetsEOYAmt
Total Liabilities BOY$22TotalLiabilitiesBOYAmt
Total Liabilities EOY$623TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$147,645NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$114,653NetAssetsOrFundBalancesEOYAmt
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$187,288ExpenseAmt
DescFOR THE PURPOSE OF ECONOMIC DEVELOPMENTDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$10,325ExpenseAmt
DescFOR THE PURPOSE OF ECONOMIC DEVELOPMENTDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$10,325TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$197,613TotalProgramServiceExpensesAmt
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 Document5IRPDocumentCnt
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 Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
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 (12 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CHRIS COX
PAST CHAIRYes (X)$0$0$0
JAY CURTIS
BOARD MEMBERYes (X)$0$0$0
ALEX FEW
VICE CHAIRYes (X)$0$0$0
RJ KOST
SECRETARYYes (X)$0$0$0
ZANE LOGAN
BOARD MEMBERYes (X)$0$0$0
MOLLY LYNN
BOARD MEMBERYes (X)$0$0$0
MICHELA MORRISSEY
EXEC DIRECTOYes (X)$0$0$0
BRUCE MORSE
TREASURERYes (X)$0$0$0
DAVID NORTHRUP
BOARD MEMBERYes (X)$0$0$0
DOSSIE OVERFIELD
BOARD MEMBERYes (X)$0$0$0
APRIL RODRIGUEZ
CHAIRYes (X)$0$0$0
LISA WATSON
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$65,875MembershipDuesAmt
Government Grants$34,500GovernmentGrantsAmt
All Other Contributions$109,281AllOtherContributionsAmt
Total Contributions$209,656TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM INCOMEDesc
Total Revenue Column$19,196TotalRevenueColumnAmt
Related Or Exempt Func Income$19,196RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$19,196TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,621TotalRevenueColumnAmt
Related Or Exempt Func Income$1,621RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Total Revenue Column$3,116TotalRevenueColumnAmt
Exclusion$3,116ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$3,116OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$233,589TotalRevenueColumnAmt
Related Or Exempt Func Income$20,817RelatedOrExemptFuncIncomeAmt
Exclusion$3,116ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$139,740TotalAmt
Program Services$93,165ProgramServicesAmt
Management And General$46,575ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$8,825TotalAmt
Program Services$5,884ProgramServicesAmt
Management And General$2,941ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$15,404TotalAmt
Program Services$10,270ProgramServicesAmt
Management And General$5,134ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$20,563TotalAmt
Program Services$20,563ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$8,752TotalAmt
Program Services$8,752ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,472TotalAmt
Management And General$1,472ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$8,186TotalAmt
Management And General$8,186ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,671TotalAmt
Program Services$4,671ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

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

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,660TotalAmt
Management And General$4,660ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
AMERICORPS VISTA$20,018$20,018
SUBSCRIPTIONS$6,953$6,953
BUSINESS EXPENSES$5,446$5,446
MEMBERSHIP MANAGEMENT$4,391$4,391

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$15,927TotalAmt
Program Services$15,927ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$266,581TotalAmt
Program Services$197,613ProgramServicesAmt
Management And General$68,968ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$104,604BOYAmt
EOY$76,067EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$29,192BOYAmt
EOY$27,411EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$500BOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$23,596LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$11,798LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$13,371BOYAmt
EOY$11,798EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$147,667BOYAmt
EOY$115,276EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$241EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$22BOYAmt
EOY$382EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$22BOYAmt
EOY$623EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$147,645BOYAmt
EOY$114,653EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$147,645BOYAmt
EOY$114,653EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$147,667BOYAmt
EOY$115,276EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$32,992ReconcilationRevenueExpnssAmt
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$11,798DepreciationAmt
Book Value$11,798BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$11,798TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
PAYROLL LIABILITIES$268
SALES TAX PAYABLE$114
FieldValueIRS element (for citing)
Total Liability$382TotalLiabilityAmt

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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