Nonprofit · EIN 57-1046059
PALMETTO BUSINESS ASSOCIATION
Tax-exempt (reinstated) · WILLIAMSTON, SC 29697
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $28,285 | $32,640 | -$4,355 | $31,311 | – | $31,693 |
| December 31, 2023 | 990-EZ | $34,602 | $33,004 | $1,598 | $36,048 | – | $36,048 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Membership dues
- $8,850
- Program service revenue
- $19,359
- Investment income
- $76
Expenses
- Grants and similar amounts paid
- $9,450
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,687
- Other expenses
- $20,503
- Program services (functional)
- $25,941
Balance sheet and other
- Total assets, start of year
- $36,048
- Total assets, end of year
- $31,311
- Total liabilities, end of year
- –
- Net assets, end of year
- $31,693
- Cash, savings and investments
- $31,311
- Gross receipts
- $28,285
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 |
|---|---|---|---|
| CAROLANN NEWTON | PRESIDENT | 10 | $0 |
| MELANIE DUGAN | VICE PRESIDENT | 10 | $0 |
| LAUREN MARVIN | SECRETARY | 5 | $0 |
| DONNA CABANISS | TREASURER | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLANN NEWTON | PRESIDENT | 10 | $0 |
| MELANIE DUGAN | VICE PRESIDENT | 10 | $0 |
| LAUREN MARVIN | SECRETARY | 5 | $0 |
| AMANDA EVANS | TREASURER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 503, WILLIAMSTON, SC 29697-0503
- Mailing address (990-N for 2017)
- PO BOX 503, WILLIAMSTON SC 29697
- Principal officer (990-N for 2017)
- BLAKE SANDERS, PO BOX 503, WILLIAMSON SC 29697
- Signed the 990-EZ
- LAUREN MARVEN, PRESIDENT
- Phone
- (864) 617-5390
- Website
- WWW.PBA.INFO
- Return prepared by
- H AND R BLOCK
Mission
COMMUNITY IMPROVEMENTS WHILE CREATING AWARENESS FOR THE LOCAL BUSINESSES AND SERVICES IN OUR SMALL YET FAST GROWING TOWN.
Program accomplishments
- PROVIDED MULTIPLE SPONSORSHIPS AND FUNDING FOR THE COMMUNITY, ITS BUSINESSES AND RESIDENTS.. PROMOTED THE BUSINESSES THROUGH EVENTS, SINAGE, AND SPONSORSHIPS.Expenses $25,941 · grants $9,450
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 | 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
- 57-1046059
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $31,311
- Income (IRS master file)
- $28,285
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- July 10, 2013
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $28,285 | $32,640 | $31,311 | XML |
| 990-EZ | December 2023 | $34,602 | $33,004 | $36,048 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: BLAKE SANDERS | December 31, 2017 | ≤ $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 57-1046059).
Questions about PALMETTO BUSINESS ASSOCIATION
- What is the EIN of PALMETTO BUSINESS ASSOCIATION?
- The employer identification number (EIN) of PALMETTO BUSINESS ASSOCIATION is 57-1046059.
- Is PALMETTO BUSINESS ASSOCIATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to PALMETTO BUSINESS ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALMETTO BUSINESS ASSOCIATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PALMETTO 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 PALMETTO 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 PALMETTO BUSINESS ASSOCIATION?
- The 990-N for 2017 names BLAKE SANDERS.
- Who are the officers and directors of PALMETTO BUSINESS ASSOCIATION?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PALMETTO BUSINESS ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $28,285, expenses of $32,640 and total assets of $31,311 at year end.
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