Henderson County Partners For Economic Progress Inc in Hendersonvlle, North Carolina (NC)

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Table of contents:

Henderson County Partners For Economic Progress Inc
Employer Identification Number (EIN)	562142847
Name of Organization	Henderson County Partners For Economic Progress Inc
In Care of Name	Robert E Hansen
Address	PO BOX 2565, Hendersonvlle, NC 28793-2565
Subsection	Business League
Ruling Date	07/1999
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2014
Assets	$10,000 to $24,999
Income	$25,000 to $99,999
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$16,449
Amount of Income	$39,850
Form 990 Revenue Amount	$39,850
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Promotion of Business

Non-representatives - add comments:

Amount of income in 2014: $39,850 (it was $38,475 in 2013)

Henderson County Partners For Economic Progress Inc:	$39,850
Other organizations performing similar types of work:	$88,861

Assets in 2014: $16,449 (it was $19,387 in 2013)

This organization:	$16,449
Other organizations performing similar types of work:	$51,691

Expenses in 2013: $40,554

Henderson County Partners For Economic Progress Inc:	$40,554
Other organizations performing similar types of work:	$80,127

Income to expenses ratio in 2013: 1.0

Henderson County Partners For Economic Progress Inc:	1.0
Other organizations performing similar types of work:	0.8

Grants share in income in 2013: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	1.0%

Financial snapshot ($)

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$37,150	$43,075	$38,475
Contributions, gifts, grants, and similar amounts received	$0	$0	$0
Program service revenue including government fees and contracts	$0	$0	$0
Membership dues and assessments	$37,150	$43,075	$38,475
Investment income	$0	$0	$0
Gain/Loss from sale of assets other than inventory	$0	$0	$0
Net income/loss from gaming and fundraising events	$0	$0	$0
Gross profit/loss from sales of inventory	$0	$0	$0
Other revenue	$0	$0	$0
Total expenses	$40,887	$42,511	$40,554
Total net assets	$20,902	$21,466	$19,387
Excess/Deficit for the year	$-3,737	$564	$-2,079
Net assets or fund balances at beginning of year	$24,639	$20,902	$21,466
Other changes in net assets or fund balances	$0	$0	$0
Net assets or fund balances at end of year		$21,466	$19,387

	2011	2012	2013
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?		No	No
Were any significant changes made to the organizing or governing documents?		No	No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities	No	No	No
Has the organization filed a Form 990-T for the year?		No	No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?		No	No
Amount of political expenditures, direct or indirect		$0	$0
Did the organization file Form 1120-POL for this year?		No	No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?		No	No
Total amount involved		$0	$0
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?		No	No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?		No	No

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0