Powell Economic Partnership INC

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To unite the business community and government to create wealth, jobs, and improve the quality of life consistent with the culture and environment of the Powell valley for the benefit of all citizens.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3122296) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
74¢ of each $1 spent went to programs.
Run by 3 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $9K a year · 4% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
74% of spending went to programs.
Pt IX · Ln 25 · col B
3.4 mo
of spending, in cash
3.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$623
0.5% of total assets
Liabilities are 0.5% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$234K
-9% vs prior year
Spent
$267K
To programs
74%
Net assets
$115K
By yearFY2020–FY2025
Revenue
$234K
FY2025▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$248K
FY2021$282K
FY2022$269K
FY2023$276K
FY2024$255K
FY2025$234K
Expenses
$267K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$254K
FY2021$265K
FY2022$283K
FY2023$270K
FY2024$282K
FY2025$267K
Net assets
$115K
FY2025▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$165K
FY2021$182K
FY2022$168K
FY2023$174K
FY2024$148K
FY2025$115K

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2012.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $198K Management & general 26% · $69K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Past Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Exec Directo
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Rebekah Burns’s $65K as Exec Directo is at the 42nd percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Rebekah Burns$65,000$61,750$59,729

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Powell Economic Partnership INC 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

Unites businesses and government to create jobs and improve quality of life in Powell Valley.

Questions for Powell Economic Partnership INC

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1 program · $187K · in their own filed words · FY2025
01

For the purpose of economic development

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3122296) · Dispute this line
$187Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$234K
Ln 12
Gifts and grantsLn 1h$210K
Fees for servicesLn 2g$19K
Other incomeLn 4–11$3K
Money outPt IX
$267K
Ln 25
Programscol B$198K
Managementcol C$69K
Owns and owesPt X
$115K
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$115K
LiabilitiesLn 26$623
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$210K
Government grantsLn 1e$34K
Fees for servicesLn 2g$19K
Investment incomeLn 3$2K
Other incomeLn 4–11$3K
Total revenueLn 12$234K
Assets in detailPt X, end of year
CashLn 1$76K
Cash and savings togetherLn 1–2$76K
Pledges and grants receivableLn 3$27K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$115K
LiabilitiesLn 26$623
Net assetsLn 32$115K
OperationsPt I, VI
EmployeesI 55
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$105K$76K
Land, buildings, equipmentLn 10c$13K$12K
Total assetsLn 16$148K$115K
LiabilitiesLn 26$22$623
Net assetsLn 32$148K$115K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$140K$93K$47K
Other employee benefitsLn 9$9K$6K$3K
Payroll taxesLn 10$15K$10K$5K
Other fees for servicesLn 11g$21K$21K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$1K$1K
OccupancyLn 16$8K$8K
TravelLn 17$5K$5K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$37K$37K
All other expensesLn 24e$16K$16K
Total functional expensesLn 25$267K$198K$69K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 14, 2026 $234K$267K−$33K$115K 990 PDF
FY2024Filed with the IRS May 7, 2025 $255K$282K−$26K$148K 990 PDF
FY2023Filed with the IRS May 7, 2024 $276K$270K$6K$174K 990 PDF
FY2022Filed with the IRS Feb 17, 2023 $269K$283K−$14K$168K 990 PDF
FY2021Filed with the IRS Mar 22, 2022 $282K$265K$17K$182K 990 PDF
FY2020Filed with the IRS Apr 12, 2021 $248K$254K−$6K$165K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $233,589 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $232,378$209,656
I-9 Program service revenuePrior year $17,037$19,196
I-10 Investment incomePrior year $2,644$1,621
I-11 Other revenuePrior year $3,277$3,116
I-12 Total revenuePrior year $255,336$233,589
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $157,861$163,969
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $123,766$102,612
I-18 Total expensesPrior year $281,627$266,581
I-19 Revenue less expensesPrior year −$26,291−$32,992
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $233,589 across 8 lines filed
VIII-1b Membership dues$65,875
VIII-1e Government grants$34,500
VIII-1f All other contributions, gifts and grants$109,281
VIII-1h Total contributions, gifts and grants$209,656
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,196$19,196
VIII-3 Investment incomeRelated to mission $1,621$1,621
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,116$3,116
VIII-12 Total revenueRelated to mission $20,817 · Excluded from tax $3,116$233,589
Part IX · Statement of functional expenses $266,581 across 12 lines filed
IX-7 Other salaries and wagesPrograms $93,165 · Management $46,575$139,740
IX-9 Other employee benefitsPrograms $5,884 · Management $2,941$8,825
IX-10 Payroll taxesPrograms $10,270 · Management $5,134$15,404
IX-11g Other fees for servicesPrograms $20,563$20,563
IX-12 Advertising and promotionPrograms $8,752$8,752
IX-13 Office expensesManagement $1,472$1,472
IX-16 OccupancyManagement $8,186$8,186
IX-17 TravelPrograms $4,671$4,671
IX-22 Depreciation, depletion and amortizationPrograms $1,573$1,573
IX-23 InsuranceManagement $4,660$4,660
IX-24 Other expenses (24a–d)Programs $36,808$36,808
IX-24e All other expensesPrograms $15,927$15,927
IX-25 Total functional expensesPrograms $197,613 · Management $68,968 · Fundraising $0$266,581
Part X · Balance sheet $115,276 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $104,604$76,067
X-3 Pledges and grants receivableStart of year $29,192$27,411
X-10c Land, buildings and equipment, netStart of year $13,371$11,798
X-16 Total assetsStart of year $147,667$115,276
X-17 Accounts payable and accrued expenses$241
X-25 Other liabilitiesStart of year $22$382
X-26 Total liabilitiesStart of year $22$623
X-27 Net assets without donor restrictionsStart of year $147,645$114,653
X-32 Total net assets or fund balancesStart of year $147,645$114,653
X-33 Total liabilities and net assetsStart of year $147,667$115,276
Part XI · Reconciliation of net assets $114,653 net assets at year end
XI-1 Total revenue$233,589
XI-2 Total expenses$266,581
XI-3 Revenue less expenses−$32,992
XI-4 Net assets at start of year$147,645
XI-10 Net assets at end of year$114,653

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

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