Nonprofit · EIN 75-1218257
ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER INC
Tax-exempt · ASPERMONT, TX 79502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2025 | 990 | $3,264,876 | $3,203,022 | $61,854 | $2,695,205 | $28,014 | $2,667,191 |
| February 29, 2024 | 990 | $3,661,260 | $3,257,757 | $403,503 | $2,637,741 | $32,404 | $2,605,337 |
Financial details: 990 for the year ended February 28, 2025
Revenue
- Contributions, gifts and grants
- $3,165,286
- of which government grants
- $3,156,607
- Program service revenue
- $48,089
- Investment income
- $41,239
- Net gain from sales of assets
- $6,323
- Other revenue
- $10,262
Expenses
- Grants and similar amounts paid
- $1,206,416
- Compensation of officers, directors and key employees
- $90,925
- Other salaries and wages
- $794,304
- Salaries, compensation and benefits (total)
- $1,127,245
- Professional fundraising fees
- $0
- Accounting fees
- $19,004
- Occupancy
- $23,405
- Travel
- $4,113
- Depreciation
- $270,412
- Program services (functional)
- $2,836,444
- Management and general (functional)
- $342,298
- Fundraising (functional)
- $24,280
Balance sheet and other
- Total assets, start of year
- $2,637,741
- Total assets, end of year
- $2,695,205
- Total liabilities, end of year
- $28,014
- Net assets, end of year
- $2,667,191
- Land, buildings and equipment
- $1,211,763
- Net assets without donor restrictions
- $2,667,191
- Gross receipts
- $3,264,876
- Employees
- 29
- Year formed
- 1965
- State of legal domicile
- TX
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 February 28, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN COCKERELL | DIRECTOR Trustee or director | 1 | $0 |
| LAYNE COULTER | DIRECTOR Trustee or director | 1 | $0 |
| BLAYNE DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID DAVIS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LYNN DODSON | DIRECTOR Trustee or director | 1 | $0 |
| LISA FLOWERS | DIRECTOR Trustee or director | 1 | $0 |
| ALISON GIBSON | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT GRAHAM | DIRECTOR Trustee or director | 1 | $0 |
| MARY HAGLE | DIRECTOR Trustee or director | 1 | $0 |
| CALEB HODGES | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN HOUGHTON | DIRECTOR Trustee or director | 1 | $0 |
| CARLA MARQUIS | DIRECTOR Trustee or director | 1 | $0 |
| JOHNNY MCCROWN | DIRECTOR Trustee or director | 1 | $0 |
| PAULA MCDUFF | DIRECTOR Trustee or director | 1 | $0 |
| RONNIE MOORHEAD | SECRETARY Trustee or director, Officer | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EXA LEE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| DALE SPURGIN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| MICHELLE STONE | DIRECTOR Trustee or director | 1 | $0 |
| LINDA THAXTON | DIRECTOR Trustee or director | 1 | $0 |
| DON THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended February 29, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Patti Sedberry | Interim Executive Director Key employee | 40 | $81,459 | $13,571 |
| Linda Thaxton | Director Trustee or director | 1 | $0 | $0 |
| Paula McDuff | Director Trustee or director | 1 | $0 | $0 |
| Mary Hagle | Director Trustee or director | 1 | $0 | $0 |
| Carla Thornton | Director Trustee or director | 1 | $0 | $0 |
| Michelle Stone | Director Trustee or director | 1 | $0 | $0 |
| LRae Lee | Director Trustee or director | 1 | $0 | $0 |
| Caleb Hodges | Director Trustee or director | 1 | $0 | $0 |
| Layne Coulter | Director Trustee or director | 1 | $0 | $0 |
| Curtis Schrader | Director Trustee or director | 1 | $0 | $0 |
| Susan Cockerell | Director Trustee or director | 1 | $0 | $0 |
| Robert Graham | Director Trustee or director | 1 | $0 | $0 |
| Exa Lee Smith | Direector Trustee or director | 1 | $0 | $0 |
| Blayne Davis | Director Trustee or director | 1 | $0 | $0 |
| Carolyn Houghton | Director Trustee or director | 1 | $0 | $0 |
| Alison Gibson | Director Trustee or director | 1 | $0 | $0 |
| Lisa Flowers | Director Trustee or director | 1 | $0 | $0 |
| Stan Wojcik | Director Trustee or director | 1 | $0 | $0 |
| Lynn Dodson | Director Trustee or director | 1 | $0 | $0 |
| Dale Spurgin | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Ronnie Moorhead | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| David Davis | President Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9660 US HIGHWAY 83 S, ASPERMONT, TX 79502-2220
- Principal officer (990 for 2024)
- PATTI SEDBERRY
- Signed the 990
- PATTI SEDBERRY, EXECUTIVE DIRECTOR
- Phone
- (940) 989-3538
- Return prepared by
- ROBERTS & MCGEE CPA PLLC
Mission
THE MISSION OF THE ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER IS TO PROVIDE RURAL PUBLIC TRANSPORTATION, ENERGY ASSISTANCE, AND OTHER ASSISTANCE TO THE PEOPLE IN THE TEXAS COUNTIES OF HASKELL, JONES, KENT, KNOX, STONEWALL, AND THROCKMORTON
Program accomplishments
- COMPREHENSIVE ENERGY ASSISTANCE PROGRAM PROVIDES ENERGY ASSISTANCE FOR ELDERLY/DISABLED INDIVIDUALS AND OTHER LOW-INCOME INDIVIDUALS. ASSISTANCE IS PROVIDED BY HELPING TO PAY UTILITY BILLS DURING PEAK USAGE AND EMERGENCY TIMES AND TO PROVIDE REPAIRS AND PROMOTE ENERGY IFFICIENCY TO THE CLIENT'S HEATING/COOLING EQUIPMENT.Expenses $1,402,396 · grants $1,122,781
- PROVIDE RURAL TRANSPORATION FOR INDIVIDUALS IN THE SIX COUNTY SERVICE AREA. IN ADDITION, TRANSPORATION IS PROVIDED FOR INDIVIDUALS IN THE RURAL AREA TO SEEK MEDICAL CARE IN SURROUNDING CITIES.Expenses $1,259,682
- COMMUNITY SERVICE BLOCK GRANT FUNDS ARE USED TO HELP HOUSEHOLDS WITH HEALTH CARE, HOUSEHOLD EXPENSES, AND CHILDREN'S EDUCATIONAL NEEDS. IN ADDITION ONE-ON-ONE ASSISTANCE IS GRANTED TO INDIVIDUALS WHO WANT TO BREAK THE CYCLE OF POVERTY AND OBTAIN ADDITIONAL EDUCATION OR JOB SKILL TRAINING.Expenses $174,366 · grants $83,635
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 February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 75-1218257
- 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
- 1966
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P600)
- Assets (IRS master file)
- $2,695,205
- Income (IRS master file)
- $3,264,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2025 | $3,264,876 | $3,203,022 | $2,695,205 | XML |
| 990 | February 2024 | $3,661,260 | $3,257,757 | $2,637,741 | XML |
| 990 | February 2023 | $4,207,952 | $4,096,754 | $2,232,140 | IRS |
| 990 | February 2022 | – | – | – | IRS |
| 990 | February 2021 | – | – | – | IRS |
| 990 | February 2020 | – | – | – | IRS |
| 990 | February 2019 | – | – | – | 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 75-1218257).
Questions about ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER INC
- What is the EIN of ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER INC?
- The employer identification number (EIN) of ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER INC is 75-1218257.
- Is ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER 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 ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER INC due?
- The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2025.
- Who is the principal officer of ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER INC?
- The 990 for the year ended February 28, 2025 names PATTI SEDBERRY.
- Who are the officers and directors of ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER INC?
- The 990 for the year ended February 28, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER INC have?
- On its 990 for the year ended February 28, 2025 it reported revenue of $3,264,876, expenses of $3,203,022 and total assets of $2,695,205 at year end.
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- WE CARE CHILDRENS FOUNDATION EIN 20-1613575 · last filed 990-PF for 2025
- MY FATHERS HAND OUTREACH MINISTRY EIN 81-3887345 · last filed 990-N for 2024
- SWENSON WATER SUPPLY CORPORATION EIN 75-1545279 · last filed 990-EZ for 2025
- LITTLE LEAGUE BASEBALL INC EIN 46-4794233 · last filed 990-N for 2024
- ASPERMONT GOLF CLUB INC EIN 91-1820689 · last filed 990-N for 2025
- ANCIENT FREE & ACCEPTED MASONS OF TEXAS EIN 23-7500448 · last filed 990-N for 2025
- STONEWALL MEMORIAL HOSPITALFOUNDATION FOR HEALTH CARE EIN 20-5091203 · last filed 990-N for 2024