2025-10-31T12:59:57-07:00 2023-12-31 202571677 CORLISS & SOLOMON PLLC 242 CHARLOTTE ST SUITE 1 ASHEVILLE NC 28801 990 2023-01-01 562150550 Education and Research Consortium of the Western Carolinas Inc EDUC 8283502415 151 Patton Avenue Box 170 Asheville NC 28801 Troy Tolle Board President 8283502415 2025-10-31 true true Todd Oldenburg P02281691 8282360206 2025-10-31 2023 2025-03-06 01:10:19Z Troy Tolle 151 Pattong Avenue Box 170 Asheville NC 28801 858337 false X www.ercwnc.org X 1999 NC To further economic development in the Western Carolinas through education, infrastrucure and capital development. 4 3 0 4 0 118545 100000 0 456571 361491 -672023 428472 4771296 68374 4655844 858337 95000 2000 0 270457 36000 0 0 1490893 2279514 1856350 2317514 2799494 -1459177 15165608 13884108 735451 6754 14430157 13877354 To further economic development in the Western Carolinas through education, infrastrucure and capital development. false false 600031 2000 361491 Economic Development Achievement through education, construction infrastructure and capital development projects. 600031 true false false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true 4 0 0 false false false false false false false false false false false false X 4 3 false false false false false false false true true false false true true true true true true false false false X Troy Tolle 8283502415 151 Patton Ave Box 170 Asheville NC 28801 Troy Tolle Chair/Treasurer 40.00 X X 36000 0 0 Dr Paul Maurer Member 1.00 X 0 0 0 John Connet Member 1.00 X 0 0 0 Don Cline Member 1.00 X 0 0 0 36000 0 0 false false false Data Center 518210 361491 0 0 361491 308927 0 308927 119545 119545 119545 0 0 119545 LIT Networks LLC 518210 68374 0 0 68374 68374 858337 361491 0 496846 2000 2000 36000 14400 21600 0 60424 0 60424 0 41360 0 41360 0 187577 68395 119182 0 2481 0 2481 0 10323 10323 0 0 101498 77491 24007 0 5559 5559 0 0 386913 386913 0 0 18987 0 18987 0 Corporate Tax 1429442 0 1429442 0 Professional Development 1750 1750 0 0 Revenue Sharing 33200 33200 0 0 2317514 600031 1717483 0 9670476 731329 254576 8213136 11782 1526158 1440122 9328 68015 8792388 5653656 3515559 3138732 177729 292774 15165608 13884108 629 6754 734822 0 735451 6754 X 14430157 13877354 14430157 13877354 15165608 13884108 X -1459177 906374 X false true X true false X 0 0 174429 236030 100000 0 510459 5803917 6671160 4208930 456571 361491 17502069 0 0 158616 158616 158616 158616 132130 766594 6136962 7065806 4367546 715187 493621 18779122 0 0 0 18779122 289 18563 153443 98242 308927 579464 243794 0 68374 312168 289 18563 397237 98242 377301 891632 58538 112798 88368 2118 68374 330196 20000950 0.93890 0.04460 X Pt III Ln 12 Other Income Part III, Line 12 Description: Other Income 2019: 58538. 2020: 112798. 2021: 88368. 2022: 2118. Description: Lit Networks LLC 2023: 68374. 0 0 8792388 5653656 3138732 3138732 Investment LIT Network, LLC 83542 Deferred Tax Asset 209232 292774 Due To/From other Funds 0 Due form ERCBB LLC 0 Accured Interest 0 Security Deposit 0 0 X 990517 132180 132180 858337 858337 2449694 132180 132180 2317514 2317514 Pt X, Line 2 Education and Research Consortium is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. However, the Code also provides that income from certain activities not related to the organizations tax-exempt purpose may be subject to taxation as unrelated business income. The organization had no income from unrelated business activities for 2023 and was therefore not required to file Form 990-T. The organization believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Pt VI, Line 11b The 990 is prepared by a CPA firm, reviewed by management, presented to the board for review, proposed revisions and final approval. Pt VI, Line 12c Enforced as necessary. Any board member with a conflict of interest on any specific issue informs the board and abstains from voting on the issue. Pt XI Line 8: A prior period adjustment of $906,374 was needed based on the 2022 audit that was completed after the Form 990 had been completed. ERC Holdings LLC 48 Patton Ave Asheville NC 28801 824040513 Management NC Education & Research Consrtium of WNC