Bertram Economic Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 33-1019490)

Revenue by fiscal year
FY2020	$93K
FY2021	$105K
FY2022	$173K
FY2023	$161K
FY2024	$193K
FY2025	$206K

Expenses by fiscal year
FY2020	$62K
FY2021	$13K
FY2022	$33K
FY2023	$40K
FY2024	$59K
FY2025	$83K

Net assets by fiscal year
FY2020	$316K
FY2021	$407K
FY2022	$547K
FY2023	$672K
FY2024	$807K
FY2025	$929K

Is it real?

Yes. Exemption reinstated (2014-02-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Aug 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

93%

Program services 93% · $78K Management & general 7% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Katy Duke

President

$0Pt VII · Sec A

Evan Milliorn

Vice-President

$0Pt VII · Sec A

C Y Ingham

Treasurer

$0Pt VII · Sec A

Rachel Parks

Director

$0Pt VII · Sec A

James Clark

Director

$0Pt VII · Sec A

Deanne Fisher

Director

$0Pt VII · Sec A

Leland Raiford

Alternate

$0Pt VII · Sec A

James Predmore

Director

$0Pt VII · Sec A

See Bertram Economic Development Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds economic development projects, improving quality of life and attracting employers.

Questions for Bertram Economic Development Corporation

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2 programs · $78K · in their own filed words · FY2024

01

City of bertram capital projects

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-1019490) · Dispute this line

$41Kprogram expense

02

Business grants

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-1019490) · Dispute this line

$37Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 10 grants · $117K · 2019–2024

Bertram Community CupboardFY2024$9,900

Individual RecipientFY2024$8,000

Bertram Library Thrift StoreFY2024$8,000

Individual RecipientFY2022$8,000

Individual RecipientFY2021$13,666

City of Bertram -Vaughn Street ProjFY2021$8,200

Individual RecipientFY2020$8,000

City of BertramFY2019$39,999

Individual RecipientFY2019$6,800

Individual RecipientFY2019$6,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$206K

Ln 12

Gifts and grantsLn 1h$177K

Investment incomeLn 3$28K

Money outPt IX

$83K

Ln 25

Programscol B$78K

Managementcol C$5K

Owns and owesPt X

$929K

net assets · Ln 32

Cash and savingsLn 1–2$782K

Total assetsLn 16$929K

LiabilitiesLn 26$0

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$177K

Government grantsLn 1e$177K

Investment incomeLn 3$28K

Total revenueLn 12$206K

Assets in detailPt X, end of year

CashLn 1$20K

SavingsLn 2$762K

Cash and savings togetherLn 1–2$782K

Land, buildings, equipmentLn 10c$147K

Total assetsLn 16$929K

LiabilitiesLn 26$0

Net assetsLn 32$929K

OperationsPt I, VI

EmployeesI 50

VolunteersI 69

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$807K	$782K
Land, buildings, equipmentLn 10c	$0	$147K
Total assetsLn 16	$807K	$929K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$807K	$929K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$37K	$37K
Legal feesLn 11b	$338		$338
Accounting feesLn 11c	$1K		$1K
Advertising and promotionLn 12	$550		$550
Office expensesLn 13	$112		$112
Information technologyLn 14	$299		$299
TravelLn 17	$48		$48
Depreciation, depletion and amortizationLn 22	$8K	$8K
Other expenses (24a–d)Ln 24	$36K	$33K	$3K
All other expensesLn 24e	$45		$45
Total functional expensesLn 25	$83K	$78K	$5K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS May 22, 2026	$206K	$83K	$122K	$929K	990 PDF
FY2024Filed with the IRS Mar 7, 2025	$193K	$59K	$135K	$807K	990 PDF
FY2023Filed with the IRS Feb 5, 2024	$161K	$40K	$121K	$672K	990 PDF
FY2022Filed with the IRS Jan 13, 2023	$173K	$33K	$140K	$547K	990 PDF
FY2021Filed with the IRS Feb 10, 2022	$105K	$13K	$91K	$407K	990 PDF
FY2020Filed with the IRS Aug 12, 2021	$93K	$62K	$30K	$316K	990 PDF

Schedules filed Part IV

B · Donors D · Assets and endowments I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $205,516 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $166,361$177,113

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $26,923$28,403

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $193,284$205,516

I-13 Grants and similar amounts paidPrior year $2,123$36,700

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $56,404$46,425

I-18 Total expensesPrior year $58,527$83,125

I-19 Revenue less expensesPrior year $134,757$122,391

Part VI · Governance 9 of 9 board members independent, 4 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $205,516 across 4 lines filed

VIII-1e Government grants$177,113

VIII-1h Total contributions, gifts and grants$177,113

VIII-3 Investment incomeExcluded from tax $28,403$28,403

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $28,403$205,516

Part IX · Statement of functional expenses $83,125 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $36,700$36,700

IX-11b Legal feesManagement $338$338

IX-11c Accounting feesManagement $1,000$1,000

IX-12 Advertising and promotionManagement $550$550

IX-13 Office expensesManagement $112$112

IX-14 Information technologyManagement $299$299

IX-17 TravelManagement $48$48

IX-22 Depreciation, depletion and amortizationPrograms $7,744$7,744

IX-24 Other expenses (24a–d)Programs $33,225 · Management $3,064$36,289

IX-24e All other expensesManagement $45$45

IX-25 Total functional expensesPrograms $77,669 · Management $5,456 · Fundraising $0$83,125

Part X · Balance sheet $929,239 assets, 8 lines filed

X-1 Cash, non-interest-bearing$19,972

X-2 Savings and temporary cash investmentsStart of year $806,848$762,129

X-10c Land, buildings and equipment, netStart of year $0$147,138

X-16 Total assetsStart of year $806,848$929,239

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $806,848$929,239

X-32 Total net assets or fund balancesStart of year $806,848$929,239

X-33 Total liabilities and net assetsStart of year $806,848$929,239

Part XI · Reconciliation of net assets $929,239 net assets at year end

XI-1 Total revenue$205,516

XI-2 Total expenses$83,125

XI-3 Revenue less expenses$122,391

XI-4 Net assets at start of year$806,848

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$929,239

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Bertram Economic Development Corporation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Bertram Economic Development Corporation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV