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Nonprofit · EIN 59-3762106

BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC

Tax-exempt · MORGANTON, NC 28655

Financials

$779K$657K2023$2M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,953,254$1,218,991$734,263$39,027,208$35,569,012$3,458,196
June 30, 2024990$778,583$657,299$121,284$38,553,417$35,829,484$2,723,933
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$999,832
of which government grants
$440,921
Program service revenue
$0
Investment income
$953,337
Other revenue
$85

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$368,484
Salaries, compensation and benefits (total)
$368,484
Professional fundraising fees
$0
Accounting fees
$4,400
Occupancy
$25,116
Travel
$22,841
Depreciation
$1,384
Program services (functional)
$1,162,508
Management and general (functional)
$56,483

Balance sheet and other

Total assets, start of year
$38,553,417
Total assets, end of year
$39,027,208
Total liabilities, end of year
$35,569,012
Net assets, end of year
$3,458,196
Land, buildings and equipment
$2,146,610
Net assets without donor restrictions
$2,514,673
Net assets with donor restrictions
$943,523
Gross receipts
$1,953,254
Employees
4
Volunteers
0
Year formed
2002
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ALAN WOODEXECUTIVE DIRECTOR
Highest-paid employee
40$156,165$4,217
MIKE SWANBOARD MEMBER
Trustee or director
0$0$0
SALLY SANDYBOARD MEMBER
Trustee or director
0$0$0
JIM TONERBOARD MEMBER
Trustee or director
0$0$0
GARY PAXTONBOARD MEMBER
Trustee or director
0$0$0
CHRIS HAWKINSBOARD MEMBER
Trustee or director
0$0$0
BRIAN EPLEYBOARD MEMBER
Trustee or director
0$0$0
TODD HERMSBOARD MEMBER
Trustee or director
0$0$0
CHARLES WATTSBOARD MEMBER
Trustee or director
0$0$0
BRYAN BEAMBOARD MEMBER
Trustee or director
0$0$0
JESSICA BARGSLEYBOARD MEMBER
Trustee or director
0$0$0
BILL CARROLLBOARD MEMBER
Trustee or director
0$0$0
TERRY CHILDERSBOARD MEMBER
Trustee or director
0$0$0
LAMAR SMITHERMANBOARD MEMBER
Trustee or director
0$0$0
JEFF BRITTAINCHAIR
Officer
0$0$0
2 more people on this return
NameTitleHours / weekCompensation
JOEL WALSHVICE CHAIR
Officer
0$0
LOGAN SHOOKSECRETARY/TREASURER
Officer
0$0
990 for the year ended June 30, 2024: 17 people
NameTitleHours / weekCompensationOther / benefits
ALAN WOODEXECUTIVE DIRECTOR
Highest-paid employee
40$145,313$11,931
MIKE SWANBOARD MEMBER
Trustee or director
0$0$0
SALLY SANDYBOARD MEMBER
Trustee or director
0$0$0
JIM TONERBOARD MEMBER
Trustee or director
0$0$0
KATHY BAILEYBOARD MEMBER
Trustee or director
0$0$0
CHRIS HAWKINSBOARD MEMBER
Trustee or director
0$0$0
BRIAN EPLEYBOARD MEMBER
Trustee or director
0$0$0
BRYAN BEAMBOARD MEMBER
Trustee or director
0$0$0
CHARLES WATTSBOARD MEMBER
Trustee or director
0$0$0
BRYAN STEENBOARD MEMBER
Trustee or director
0$0$0
JESSICA BARGSLEYBOARD MEMBER
Trustee or director
0$0$0
BILL CARROLLBOARD MEMBER
Trustee or director
0$0$0
TERRY CHILDERSBOARD MEMBER
Trustee or director
0$0$0
LAMAR SMITHERMANBOARD MEMBER
Trustee or director
0$0$0
JEFF BRITTAINCHAIR
Officer
0$0$0
JOEL WALSHVICE CHAIR
Officer
0$0$0
LOGAN SHOOKSECRETARY/TREASURER
Officer
0$0$0

Address and contacts

Address (IRS master file)
2128 S STERLING ST STE 150, MORGANTON, NC 28655-4174
Principal officer (990 for 2024)
ALAN WOOD, 2128 SOUTH STERLING STREET 150, MORGANTON, NC 28655
Signed the 990
ALAN WOOD, EXECUTIVE DIRECTOR
Phone
(828) 764-9370
Return prepared by
LOWDERMILK CHURCH & CO LLP

Mission

TO ENCOURAGE AND PROMOTE INDUSTRIAL AND COMMERCIAL GROWTH, AND TOURISM AND TO ASSIST NEW AND START UP BUSINESSES IN BURKE COUNTY

990 for the year ended June 30, 2025

Program accomplishments

  • TO ENCOURAGE AND PROMOTE INDUSTRIAL AND COMMERCIAL GROWTH, AND TOURISM AND TO ASSIST NEW AND START UP BUSINESSES IN BURKE COUNTY
    Expenses $1,162,508 · revenue $85

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
59-3762106
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
2003
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$39,027,208
Income (IRS master file)
$1,953,254

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,953,254$1,218,991$39,027,208XML
990June 2024$778,583$657,299$38,553,417XML
990June 2023$482,010$1,875,370$2,632,649IRS
990June 2022–––IRS
990June 2021–––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 59-3762106).

Questions about BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC

What is the EIN of BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC?
The employer identification number (EIN) of BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC is 59-3762106.
Is BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT 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 BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC?
The 990 for the year ended June 30, 2025 names ALAN WOOD.
Who are the officers and directors of BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC?
The 990 for the year ended June 30, 2025 lists 17 people; 1 received compensation from the organization, the highest $156,165 (ALAN WOOD, EXECUTIVE DIRECTOR).
How much revenue does BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,953,254, expenses of $1,218,991 and total assets of $39,027,208 at year end.

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