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Southeastern Partnership 11 INC

Tax-deductible

Elizabethtown, NC501(c)(3)Human ServicesEIN 56-1974942Revenue $1.0M in FY2025

On file with the IRSncse.orgPo Box 2556, 28337-2556 · Elizabethtown, NCTax-exempt since Aug 1996Supporting organization — 509(a)(3)

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To maintain information system and assist with economic development in the region of southeeastern NC

501(c)(3) charity; gifts are tax-deductible.
22¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
22%
of spending
Concern: 22% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
911 mo
of spending, in cash
Looks good: 911.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
51
of 51 voting members
Looks good: 51 of 51 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
×103 vs prior year
Spent
$9K
To programs
22%
Net assets
$1.1M
By yearFY2021–FY2025
Revenue
$1.0M
FY2025▲ ×103
Tap a bar for its year
Revenue by fiscal year
FY2021$40K
FY2022$5K
FY2023$10K
FY2024$10K
FY2025$1.0M
Net assets
$1.1M
FY2025▲ ×10
Tap a bar for its year
Net assets by fiscal year
FY2021$123K
FY2022$111K
FY2023$119K
FY2024$107K
FY2025$1.1M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1996.

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

Where the money goes

22 cents of each dollar spent went to programs.

Program services 22% · $2K Management & general 78% · $7K

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

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Allen Bryant
Director
$0Pt VII · Sec A
Drew Covert
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chris Isley
Director
$0Pt VII · Sec A
Jason McLeod
Director
$0Pt VII · Sec A
John Nelmns
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Southeastern Partnership 11 INC executive salaries →

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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

Maintains information systems and assists economic development in Southeastern NC.

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Provided by the organization

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1 program · $2K · in their own filed words · FY2024
01

Operation and maintenance of a regional data center, including education and training of economic developers

$2Kprogram 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 · FY2023
Community Foundation of Western Pennsylvania and Eastern OhioFY2023$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$22K
Money outPt IX
$9K
Ln 25
Programscol B$2K
Managementcol C$7K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$718K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a51
IndependentVI 1b51
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$22K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
SavingsLn 2$718K
Cash and savings togetherLn 1–2$718K
Land, buildings, equipmentLn 10c$94K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$10K$718K
Land, buildings, equipmentLn 10c$96K$94K
Total assetsLn 16$107K$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$107K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$7K$7K
Depreciation, depletion and amortizationLn 22$2K$2K
Total functional expensesLn 25$9K$2K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.0M$9K$1.0M$1.1M 990 PDF
FY2024 $10K$107K 990 PDF
FY2023 $10K$119K 990 PDF
FY2022 $5K$111K 990 PDF
FY2021 $40K$123K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,035,195 revenue, 12 lines filed
I-8 Contributions and grants$1,013,000
I-9 Program service revenue$0
I-10 Investment income$22,195
I-11 Other revenue$0
I-12 Total revenue$1,035,195
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$9,460
I-18 Total expenses$9,460
I-19 Revenue less expenses$1,025,735
Part VI · Governance 51 of 51 board members independent, 3 to look at
VI-1a Voting members of the governing body51
VI-1b Independent voting members51
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,035,195 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,013,000
VIII-1h Total contributions, gifts and grants$1,013,000
VIII-3 Investment incomeExcluded from tax $22,195$22,195
VIII-12 Total revenueExcluded from tax $22,195$1,035,195
Part IX · Statement of functional expenses $9,460 across 2 lines filed
IX-11b Legal feesManagement $7,381$7,381
IX-22 Depreciation, depletion and amortizationPrograms $2,079$2,079
IX-25 Total functional expensesPrograms $2,079 · Management $7,381 · Fundraising $0$9,460
Part X · Balance sheet $1,112,439 assets, 7 lines filed
Asset lines not itemized here account for $300,000; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $10,371$718,184
X-10c Land, buildings and equipment, netStart of year $96,333$94,255
X-16 Total assetsStart of year $106,704$1,112,439
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $106,704$1,112,439
X-32 Total net assets or fund balancesStart of year $106,704$1,112,439
X-33 Total liabilities and net assetsStart of year $106,704$1,112,439
Part XI · Reconciliation of net assets $1,112,439 net assets at year end
XI-1 Total revenue$1,035,195
XI-2 Total expenses$9,460
XI-3 Revenue less expenses$1,025,735
XI-4 Net assets at start of year$106,704
XI-9 Other changes in net assets−$20,000
XI-10 Net assets at end of year$1,112,439

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

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