Nonprofit · EIN 47-3032912
BEAUFORT BUSINESS ASSOCIATION
Tax-exempt · BEAUFORT, NC 28516
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $142,509 | $138,299 | $4,210 | $49,184 | $2,501 | $46,683 |
| December 31, 2023 | 990-EZ | $108,308 | $80,008 | $28,300 | $42,892 | $419 | $42,473 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $81,267
- Program service revenue
- $61,242
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $13,176
- Professional fees and payments to contractors
- $726
- Other expenses
- $124,397
- Program services (functional)
- $138,299
Balance sheet and other
- Total assets, start of year
- $42,892
- Total assets, end of year
- $49,184
- Total liabilities, end of year
- $2,501
- Net assets, end of year
- $46,683
- Cash, savings and investments
- $34,817
- Gross receipts
- $142,509
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN SANDERS | TREASURER | 2 | $0 |
| NELSON OWENS | PRESIDENT | 2 | $0 |
| KRISTEN PRESCOTT | VICE PRESIDE | 1 | $0 |
| WENDY PARK | BOARD MEMBER | 1 | $0 |
| WENDY DAVIDSON | BOARD MEMBER | 2 | $0 |
| MARTHA BARNES | BOARD MEMBER | 1 | $0 |
| LIZ KOPF | BOARD MEMBER | 1 | $0 |
| TOMMY SIMPSON | BOARD MEMBER | 1 | $0 |
| BUCKY OLIVER | BOARD MEMBER | 1 | $0 |
| PAT WESSON | BOARD MEMBER | 2 | $0 |
| VIC FASOLINO | BOARD MEMBER | 1 | $0 |
| ROSIE SECCHI | INTERIM ED/S | 2 | $0 |
| TREY HARDESTY | INTERIM TREA | 2 | $0 |
990-EZ for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN SANDERS | TREASURER | 2 | $0 |
| NELSON OWENS | PRESIDENT | 2 | $0 |
| KRISTEN PRESCOTT | VICE PRESIDE | 1 | $0 |
| WENDY PARK | BOARD MEMBER | 1 | $0 |
| WENDY DAVIDSON | BOARD MEMBER | 2 | $0 |
| MARTHA BARNES | BOARD MEMBER | 1 | $0 |
| LIZ KOPF | BOARD MEMBER | 1 | $0 |
| TOMMY SIMPSON | BOARD MEMBER | 1 | $0 |
| BUCKY OLIVER | BOARD MEMBER | 1 | $0 |
| PAT WESSON | BOARD MEMBER | 2 | $0 |
| VIC FASOLINO | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 56, BEAUFORT, NC 28516-0056
- Mailing address (990-N for 2015)
- PO Box 56, Beaufort NC 28516
- Principal officer (990-N for 2015)
- Susan R Sanders, PO Box 565, Beaufort NC 28516
- Signed the 990-EZ
- KRISTEN PRESCOTT, VICE PRESIDENT
- Phone
- (252) 916-1255
- Return prepared by
- BRADFORD H PINER CPA PA
Mission
DOWNTOWN BEAUFORT DEVELOPMENT ASSOCIATION'S MISSION IS TO REALIZE THE FULL ECONOMIC POTENTIAL OF BEAUFORT BY PROMOTING THE DOWNTOWN DISTRICT AS A PLACE OF COMMERCE, RECREATION AND CULTURE. TO PROVIDE A FORUM FOR BUSINESSES, ORGANIZATIONS AND RESIDENTS WITHIN OUR FOCUS AREA TO EXCHANGE INFORMATION, BUILD COMMUNITY AND FORWARD THE AREA'S CULTURAL AND ECONOMIC DEVELOPMENT.
Program accomplishments
- TO REALIZE THE FULL ECONOMIC POTENTIAL OF BEAUFORT BY PROMOTING THE DOWNTOWN DISTRICT AS A PLACE OF COMMERCE, RECREATION AND CULTURE.Expenses $138,299
- TO REALIZE THE FULL ECONOMIC POTENTIAL OF BEAUFORT BY PROMOTING THE DOWNTOWN DISTRICT AS A PLACE OF COMMERCE, RECREATION AND CULTURE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-3032912
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $49,184
- Income (IRS master file)
- $142,509
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $142,509 | $138,299 | $49,184 | XML |
| 990-EZ | December 2023 | $108,308 | $80,008 | $42,892 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2015 Officer: Susan R Sanders | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-3032912).
Questions about BEAUFORT BUSINESS ASSOCIATION
- What is the EIN of BEAUFORT BUSINESS ASSOCIATION?
- The employer identification number (EIN) of BEAUFORT BUSINESS ASSOCIATION is 47-3032912.
- Is BEAUFORT BUSINESS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to BEAUFORT BUSINESS ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BEAUFORT BUSINESS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BEAUFORT BUSINESS ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BEAUFORT BUSINESS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of BEAUFORT BUSINESS ASSOCIATION?
- The 990-N for 2015 names Susan R Sanders.
- Who are the officers and directors of BEAUFORT BUSINESS ASSOCIATION?
- The 990-EZ for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does BEAUFORT BUSINESS ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $142,509, expenses of $138,299 and total assets of $49,184 at year end.
Other nonprofits in BEAUFORT
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- PENGUIN PLUNGE EIN 26-1638679 · last filed 990-N for 2025
- INTERNATIONAL ASSOCIATION OF LIONS CLUBS EIN 45-5532517 · last filed 990-N for 2024
- EAST CAROLINA COMMUNITY DEVELOPMENT INC EIN 56-1909969 · last filed 990 for 2025
- BEAUFORT EMS INC EIN 58-2003802 · last filed 990 for 2025
- FRIENDS OF THE MUSEUM NORTH CAROLINA MARITIME MUSEUM INC EIN 56-1278009 · last filed 990 for 2024
- OTWAY VOLUNTEER FIRE & RESCUE DEPARTMENT INC EIN 56-1616900 · last filed 990 for 2025
All nonprofits in BEAUFORT · North Carolina · Community improvement and capacity building