Nonprofit · EIN 56-2150550
EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA
Tax-exempt · ASHEVILLE, NC 28801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | -$210,593 | $738,377 | -$948,970 | $12,934,992 | $6,608 | $12,928,384 |
| December 31, 2023 | 990 | $858,337 | $2,317,514 | -$1,459,177 | $13,884,108 | $6,754 | $13,877,354 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $20,000
- Program service revenue
- $310,976
- Investment income
- -$632,676
- Net gain from sales of assets
- -$1,031,017
- Other revenue
- $91,107
Expenses
- Grants and similar amounts paid
- $2,000
- Compensation of officers, directors and key employees
- $36,000
- Salaries, compensation and benefits (total)
- $36,000
- Professional fundraising fees
- $0
- Legal fees
- $29,523
- Accounting fees
- $20,384
- Occupancy
- $217,873
- Travel
- $340
- Depreciation
- $311,325
- Program services (functional)
- $550,300
- Management and general (functional)
- $188,077
Balance sheet and other
- Total assets, start of year
- $13,884,108
- Total assets, end of year
- $12,934,992
- Total liabilities, end of year
- $6,608
- Net assets, end of year
- $12,928,384
- Land, buildings and equipment
- $1,967,849
- Net assets without donor restrictions
- $12,908,384
- Net assets with donor restrictions
- $20,000
- Gross receipts
- $892,283
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1999
- State of legal domicile
- NC
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Troy Tolle | Chair/Treasurer Trustee or director, Officer | 40 | $36,000 |
| Dr Paul Maurer | Member Trustee or director | 1 | $0 |
| John Connet | Member Trustee or director | 1 | $0 |
| Don Cline | Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Troy Tolle | Chair/Treasurer Trustee or director, Officer | 40 | $36,000 |
| Dr Paul Maurer | Member Trustee or director | 1 | $0 |
| John Connet | Member Trustee or director | 1 | $0 |
| Don Cline | Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 151 PATTON AVE STE 170, ASHEVILLE, NC 28801-2684
- Principal officer (990 for 2024)
- Troy Tolle, 151 Pattong Avenue Box 170, Asheville, NC 28801
- Signed the 990
- Troy Tolle, Board President
- Phone
- (828) 350-2415
- Website
- www.ercwnc.org
- Return prepared by
- CORLISS & SOLOMON PLLC
Mission
To further economic development in the Western Carolinas through education, infrastrucure and capital development.
Program accomplishments
- Economic Development Achievement through education, construction infrastructure and capital development projects.Expenses $550,300 · grants $2,000 · revenue $310,976
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2150550
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U05)
- Assets (IRS master file)
- $14,121,740
- Income (IRS master file)
- $898,036
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | -$210,593 | $738,377 | $12,934,992 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $858,337 | $2,317,514 | $13,884,108 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $4,655,844 | $1,856,350 | $15,165,608 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | $466,117 | $4,629,088 | $19,627,315 | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | 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 56-2150550).
Questions about EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA
- What is the EIN of EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA?
- The employer identification number (EIN) of EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA is 56-2150550.
- Is EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA 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 EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA?
- The 990 for the year ended December 31, 2024 names Troy Tolle.
- Who are the officers and directors of EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $36,000 (Troy Tolle, Chair/Treasurer).
- How much revenue does EDUCATION AND RESEARCH CONSORTIUM OF WESTERN NORTH CAROLINA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of -$210,593, expenses of $738,377 and total assets of $12,934,992 at year end.
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