Nonprofit · EIN 56-1586294
COUNCIL OF INDEPENDENT BUSINESS OWNERS INC
Tax-exempt · ASHEVILLE, NC 28804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $155,223 | $125,537 | $29,686 | $192,932 | $3,937 | $188,995 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,500
- Membership dues
- $119,185
- Program service revenue
- $5,083
- Net income from fundraising events
- $13,820
- Other revenue
- $2,635
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $87,391
- Professional fees and payments to contractors
- $1,525
- Occupancy
- $6,506
- Printing, publications and postage
- $394
- Other expenses
- $29,721
Balance sheet and other
- Total assets, start of year
- $163,780
- Total assets, end of year
- $192,932
- Total liabilities, end of year
- $3,937
- Net assets, end of year
- $188,995
- Cash, savings and investments
- $167,272
- Gross receipts
- $155,403
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 |
|---|---|---|---|
| Buzzy Cannady | President | 3 | $0 |
| Josh Holmes | Vice President | 2 | $0 |
| Steve Foster | Secretary/Treasurer | 3 | $0 |
| John Carroll | Past President | 1 | $0 |
| Patrick McQuilling | Board Member | 1 | $0 |
| Mark Brooks | Board Member | 1 | $0 |
| Karl Koon | Board Member | 1 | $0 |
| Mac Swicegood | Board Member | 1 | $0 |
| Kerney McNeil | Board Member | 1 | $0 |
| Katherine Morosani | Board Member | 1 | $0 |
| Dusty Pless | Board Member | 1 | $0 |
| Trudy Parker | Board Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 207 ELK PARK DR, ASHEVILLE, NC 28804-2063
- Signed the 990-EZ
- Patty Beaver, Executive Director
- Phone
- (828) 254-2426
- Website
- cibonc.com
- Return prepared by
- Prager Metis CPAs PLLC
Mission
Promoting independent businesses
Program accomplishments
- Promoting better business practices and promoting the welfare of those engaged in indepenedent busienss in the city of Asheville and surrounding communities through education and informational opportunities informing its members about issues that impact small business.
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 | Check at the IRS |
IRS record
- EIN
- 56-1586294
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $192,932
- Income (IRS master file)
- $155,403
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $155,223 | $125,537 | $192,932 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 56-1586294).
Questions about COUNCIL OF INDEPENDENT BUSINESS OWNERS INC
- What is the EIN of COUNCIL OF INDEPENDENT BUSINESS OWNERS INC?
- The employer identification number (EIN) of COUNCIL OF INDEPENDENT BUSINESS OWNERS INC is 56-1586294.
- Is COUNCIL OF INDEPENDENT BUSINESS OWNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1989.
- Are donations to COUNCIL OF INDEPENDENT BUSINESS OWNERS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COUNCIL OF INDEPENDENT BUSINESS OWNERS INC 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 COUNCIL OF INDEPENDENT BUSINESS OWNERS INC 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 COUNCIL OF INDEPENDENT BUSINESS OWNERS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of COUNCIL OF INDEPENDENT BUSINESS OWNERS INC?
- The 990-EZ for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does COUNCIL OF INDEPENDENT BUSINESS OWNERS INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $155,223, expenses of $125,537 and total assets of $192,932 at year end.
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