2024-02-26T09:17:44-06:00 2022-12-31 561965804 THOMAS JUDY & TUCKER PA 300 WEST MORGAN STREET SUITE 1450 DURHAM NC 27701 990 2022-01-01 560650719 SOUTHEAST PROPANE TECHNICAL EDUCATION CENTER INC SOUT 9197878485 5109 HOLLYRIDGE DRIVE RALEIGH NC 27612 JOHN JESSUP PRESIDENT & CEO 9197878485 2024-02-26 1 JOHN JESSUP 999009999 0 KRISTEN HOYLE CPA P00118964 9195717055 2024-01-18 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JOHN JESSUP 7900 PINECREST ROAD RALEIGH NC 27613 577309 0 X WWW.NCPGA.ORG X 1957 NC TO PROMOTE, PROTECT AND ENCOURAGE THE GROWTH OF THE LP-GAS INDUSTRY IN THE SOUTHEAST THROUGH TECHNICAL EDUCATION. X 8 8 0 40 0 0 1030005 174103 556756 395494 17651 262 35611 7450 1640023 577309 76080 1410117 0 0 458846 0 0 0 1622 932084 399407 1467010 1809524 173013 -1232215 2483415 1494030 916017 922972 1567398 571058 X TO PROMOTE, PROTECT AND ENCOURAGE THE GROWTH OF THE LP-GAS INDUSTRY IN THE SOUTHEAST THROUGH TECHNICAL EDUCATION. 1 1 1768593 1410117 402944 TO ENCOURAGE, PROMOTE, AND DEVELOP THE PROPANE GAS INDUSTRY THROUGH TECHNICAL EDUCATION 1768593 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 NC X MICHAEL BURCH 8045453019 1800 GRACE ST RICHMOND VA 23237 X BAVID BOYD CHAIRMAN 1.00 X X 0 0 0 LENNY HALL VICE CHAIRMAN 1.00 X X 0 0 0 DONNIE BULLOCK BOARD OF DIRECTORS 1.00 1.00 X 0 0 0 HOWARD DAVIS BOARD OF DIRECTORS 1.00 X 0 0 0 DOUG LAWRENCE BOARD OF DIRECTORS 1.00 X 0 0 0 DARRIN SHAFFER BOARD OF DIRECTORS 1.00 X 0 0 0 STEVE WARD BOARD OF DIRECTORS 1.00 X 0 0 0 EMILY WILLIS BOARD OF DIRECTORS 1.00 X 0 0 0 0 0 0 0 0 0 0 0 151432 22671 174103 EDUCATION INCOME 900099 200742 200742 PERF INCOME 900099 146309 146309 SCHOLARSHIP FUND 900099 48443 48443 395494 262 262 7450 7450 7450 577309 402944 0 262 1361417 1361417 48700 48700 11495 11495 87388 78649 8739 36928 31389 5539 5622 5622 28826 24214 4324 288 83097 69801 12465 831 REPAIRS & MAINTENANCE 50297 42249 7545 503 TRAINING 49709 49709 EDUCATION 41400 41400 4645 3948 697 1809524 1768593 39309 1622 61466 158217 12670 5 9286 11889 2954 0 1534409 210490 2210619 1323919 166634 0 19786 0 2483415 1494030 46416 3673 1775 80257 867826 678277 0 160765 916017 922972 X 1103285 571058 464113 0 1567398 571058 2483415 1494030 X -1232215 37734 198141 X 0 1 X 1 0 X 174103 174103 174103 174103 174103 262 262 7450 7450 181815 395494 0.95760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90000 90000 1248194 132598 1115596 37784 5668 32116 158431 72224 86207 1323919 RELATED PARTY PAYABLE 160765 160765 X 855649 327040 327040 528609 48700 48700 577309 688663 289256 289256 399407 1410117 1410117 1809524 PART X, LINE 2: THE ASSOCIATION IMPLEMENTED THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2022, THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ASSOCIATION IS ALSO SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASS FOR SCHOLARSHIPS 48,700. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFER OF ASSETS TO NEW ORGANIZATION 1,361,417. EXPENSE RECLASS FOR SCHOLARSHIPS 48,700. 1 SOUTHEAST PROPANE ALLIANCE INC 5109 HOLLYRIDGE DRIVE RALEIGH NC 27612 871014306 501(C)(6) 72939 1288478 FMV & BOOK VALUE INVESTMENTS, ACCOUNTS RECEIVABLE, PREPAID EXPENSES, & FIXED ASSETS TRANSFER OF ASSETS & LIABILITIES TO NEW ORGANIZATION 0 1 SCHOLARSHIPS 11 48700 PART I, LINE 2: THE ORGANIZATION TRANSFERED ASSETS TO A NEW RELATED 501(C)(6) ORGANIZATION. THIS GRANT WAS APPROVED BY THE BOARD OF DIRECTORS. WHEN PIGS FLY COMPANY OWNED BY THE SPOUSE OF PRESIDENT & CEO OF RELATED ORGANIZATION 5781 CLEANING & MAINTENENACE SERVICES 0 CASH & CASH EQUIVALENTS, INVESTMENTS, ACCOUNTS RECEIVABLE, PREPAID EXPENSES, FIXED ASSETS, & RELATED PARTY RECEIVABLES 2022-01-01 1361417 NET BOOK VALUE 871014306 SOUTHEAST PROPANE ALLIANCE INC 5109 HOLLYRIDGE DRIVE RALEIGH NC 27612 501(C)(6) 0 0 0 0 FORM 990, PART III, LINE 2 THE ORGANIZATION TRANSFERED A MATERIAL PORTION OF ITS ASSETS, OPERATIONS, AND PROGRAM SERVICES TO A NEW RELATED 501(C)(6) ORGANIZATION. FORM 990, PART III, LINE 3 THE ORGANIZATION TRANSFERED A MATERIAL PORTION OF ITS ASSETS, OPERATIONS, AND PROGRAM SERVICES TO A NEW RELATED 501(C)(6) ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PRESENTED TO THE PRESIDENT & CEO AND THE BOARD OF DIRECTORS BY THE ACCOUNTANT FOR THEIR REVIEW PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS THE POLICY ANNUALLY WITH ALL OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART XI, LINE 9: ASSUPTION OF LIABILITIES BY NEW ORGANIZATION 198,141. NC PROPANE EDUCATION & RESEARCH FOUNDATION 5109 HOLLYRIDGE DRIVE RALEIGH NC 27612 562093923 EDUCATION NC 501(C)(3) 170(B)(1)(A)(VI) 0 SOUTHEAST PROPANE ALLIANCE INC 5109 HOLLYRIDGE DRIVE RALEIGH NC 27612 871014306 EDUCATION NC 501(C)(6) 0 SOUTHEAST PROPANE EDUCATION AND RESEARCH FOUNDATION 5109 HOLLYRIDGE DRIVE RALEIGH NC 27612 874131422 EDUCATION NC 501(C)(3) 170(B)(1)(A)(VI) 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SOUTHEAST PROPANE ALLIANCE INC B 1361417 FAIR MARKET VALUE SOUTHEAST PROPANE EDUCATION AND RESEARCH FOUNDATION C 151432 FAIR MARKET VALUE