Nonprofit · EIN 74-2640943
PADRE ISLAND BUSINESS ASSOC INC
Tax-exempt · CORPUS CHRISTI, TX 78418
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $228,270 | $233,603 | -$5,333 | $166,606 | $7,999 | $158,607 |
| December 31, 2023 | 990 | $222,113 | $215,587 | $6,526 | $171,940 | $16,000 | $155,940 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,000
- Program service revenue
- $20,020
- Investment income
- $3,381
- Net income from fundraising events
- $73,433
- Other revenue
- $192,869
Expenses
- Grants and similar amounts paid
- $5,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $5,000
- Management and general (functional)
- $40,450
- Fundraising (functional)
- $188,153
Balance sheet and other
- Total assets, start of year
- $171,940
- Total assets, end of year
- $166,606
- Total liabilities, end of year
- $7,999
- Net assets, end of year
- $158,607
- Net assets without donor restrictions
- $158,607
- Gross receipts
- $352,922
- Employees
- 0
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 |
|---|---|---|---|
| TISHA GAVLIK | DIRECTOR Trustee or director | – | $0 |
| LAUREN HARRIS | DIRECTOR Trustee or director | – | $0 |
| DAVID RATCLIFF | DIRECTOR Trustee or director | – | $0 |
| KAREN ROSSI | DIRECTOR Trustee or director | – | $0 |
| GEORGE EWING | TREASURER Officer | – | $0 |
| NICOLE HARTWICK | SECRETARY Officer | – | $0 |
| DANIEL HERRINGTON | VICE PRESIDE Officer | – | $0 |
| STEPHANIE HESCH | PRESIDENT Officer | – | $0 |
| STANTON SWEENEY | DIRECTOR Officer | – | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH CLARK | DIRECTOR Trustee or director | – | $0 |
| LAUREN HARRIS | DIRECTOR Trustee or director | – | $0 |
| KAYLYNN PAXSON | DIRECTOR Trustee or director | – | $0 |
| ANTHONY TAGLIAFERRO | DIRECTOR Trustee or director | – | $0 |
| GEORGE EWING | TREASURER Officer | – | $0 |
| DANIEL HERRINGTON | VICE PRESIDE Officer | – | $0 |
| STEPHANIE HESCH | PRESIDENT Officer | – | $0 |
| KAREN ROSSI | SECRETARY Officer | – | $0 |
| STANTON SWEENEY | DIRECTOR Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 14493 S PADRE ISLAND DR PMB A-313, CORPUS CHRISTI, TX 78418-5931
- In care of
- % PADRE ISLAND BUSINESS ASSOCIATION
- Principal officer (990 for 2024)
- STEPHANIE HESCH, 14493 S PADRE ISLAND DRIVE, PMB A313, CORPUS CHRISTI, TX 78418
- Signed the 990
- STEPHANIE HESCH, PRESIDENT
- Phone
- (361) 949-1400
- Return prepared by
- RUBLE LEADBETTER AND ASSOCIATES LLC
Mission
PROMOTE AREA AND AREA BUSINESSES
Program accomplishments
- PROVIDED SPECIALIZED ADVERTISING FOR LOCAL BUSINESSES
- PROVIDED MEMBER COMMUNICATION TO INCREASE AWARENESS OF ISLAND ISSUES
- ORGANIZED GROUPS FOR ISLAND PROMOTIONS
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2640943
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $166,606
- Income (IRS master file)
- $352,922
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $228,270 | $233,603 | $166,606 | XML |
| 990 | December 2023 | $222,113 | $215,587 | $171,940 | XML |
| 990 | December 2022 | $204,909 | $180,528 | $165,214 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 74-2640943).
Questions about PADRE ISLAND BUSINESS ASSOC INC
- What is the EIN of PADRE ISLAND BUSINESS ASSOC INC?
- The employer identification number (EIN) of PADRE ISLAND BUSINESS ASSOC INC is 74-2640943.
- Is PADRE ISLAND BUSINESS ASSOC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1999.
- Are donations to PADRE ISLAND BUSINESS ASSOC INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PADRE ISLAND BUSINESS ASSOC 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 PADRE ISLAND BUSINESS ASSOC 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 PADRE ISLAND BUSINESS ASSOC INC 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 PADRE ISLAND BUSINESS ASSOC INC?
- The 990 for the year ended December 31, 2024 names STEPHANIE HESCH.
- Who are the officers and directors of PADRE ISLAND BUSINESS ASSOC INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does PADRE ISLAND BUSINESS ASSOC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $228,270, expenses of $233,603 and total assets of $166,606 at year end.
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