Nonprofit · EIN 57-0803624
LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION
Tax-exempt · BEAUFORT, SC 29907
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,927 | $2,121 | $806 | $15,760 | $0 | $15,760 |
| December 31, 2024 | 990 | $2,798 | $7,329 | -$4,531 | $14,954 | $0 | $14,954 |
| December 31, 2023 | 990 | $3,533 | $8,511 | -$4,978 | $19,485 | $0 | $19,485 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,925
- Investment income
- $2
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $742
- Program services (functional)
- $2,121
Balance sheet and other
- Total assets, start of year
- $14,954
- Total assets, end of year
- $15,760
- Total liabilities, end of year
- $0
- Net assets, end of year
- $15,760
- Gross receipts
- $2,927
- Employees
- 0
- Year formed
- 2005
- State of legal domicile
- SC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE THOMPSON | BOARD MEMBER Trustee or director | 5 | $0 |
| DAVID BARHOLOMEW | BOARD MEMBER Trustee or director | 5 | $0 |
| JASON HINCHER | BOARD MEMBER Trustee or director | 5 | $0 |
| RICHARD HOLIHAN | BOARD MEMBER Trustee or director | 5 | $0 |
| SCOTT SHIPSEY | PRESIDENT Officer | 5 | $0 |
| PAT HARVEY-PALMER | SECRETARYTREASURER Officer | 5 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE THOMPSON | BOARD MEMBER Trustee or director | 5 | $0 |
| DAVID BARHOLOMEW | BOARD MEMBER Trustee or director | 5 | $0 |
| JASON HINCHER | BOARD MEMBER Trustee or director | 5 | $0 |
| RICHARD HOLIHAN | BOARD MEMBER Trustee or director | 5 | $0 |
| SCOTT SHIPSEY | PRESIDENT Officer | 5 | $0 |
| PAT HARVEY-PALMER | SECRETARYTREASURER Officer | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAT HARVEY-PALMER | TREASURERTEMPORARY SECRETARY Officer | 5 | $0 |
| SCOTT SHIPSEY | VICE PRESIDENT Officer | 5 | $0 |
| MARK WEEKS | PRESIDENT Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 182 D SEA ISLAND PARKWAY, BEAUFORT, SC 29907-1503
- In care of
- % PAT HARVEY-PALMER
- Mailing address (990-N for 2022)
- 182 D SEA ISLAND PARKWAY, BEAUFORT SC 29907
- Principal officer (990 for 2025)
- SCOTT SHIPSEY, 4207 PINCKNEY MARSH LANE, BEAUFORT, SC 29906
- Principal officer (990-N for 2022)
- PAT HARVEY-PALMER, 57 CUSABO ROAD, SAINT HELENA ISLAND SC 29920
- Signed the 990
- PAT HARVEY-PALMER, SECRETARYTREASURER
- Phone
- (843) 522-0066
- Website
- WWW.LIBPA.ORG
- Return prepared by
- SJ & ASSOCIATES INC
Mission
PROMOTE PLANNED AND ORDERLY BUSINESS DEVELOPMENT AND GROWTH OF THE TOWN OF LADYS ISLAND, SOUTH CAROLINA.
Program accomplishments
- MAINTAINED AND GROOMED SAMS POINT ROAD MEDIUM STRIPS FOR ASTHETIC APPEAL FOR VISITORS TO LADYS ISLAND. REFURBISHED AND CLEANED EXISTING MEDIUM STRIP WELCOME SIGNAGE. POSTED PROMOTIONAL SIGNAGE FOR BUSINESSES THAT CONTRIBUTED TO MAINTANENCE OF MEDIUM STRIP AND WELCOME SIGN REFURBISHMENT.Expenses $2,121 · revenue $2,925
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0803624
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $15,760
- Income (IRS master file)
- $2,927
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,927 | $2,121 | $15,760 | XML |
| 990 | December 2024 | $2,798 | $7,329 | $14,954 | XML |
| 990 | December 2023 | $3,533 | $8,511 | $19,485 | XML |
| 990-N for 2022 Officer: PAT HARVEY-PALMER | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: PATRICIA HARVEY-PALMER | December 31, 2019 | ≤ $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 57-0803624).
Questions about LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION
- What is the EIN of LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION?
- The employer identification number (EIN) of LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION is 57-0803624.
- Is LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1990.
- Are donations to LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION 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 LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION?
- The 990 for the year ended December 31, 2025 names SCOTT SHIPSEY.
- Who are the officers and directors of LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does LADYS ISLAND BUSINESS AND PROFESSIONAL ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,927, expenses of $2,121 and total assets of $15,760 at year end.
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