2026-02-17T11:23:36-06:00 2024-06-30 261678195 BURLESON & EARLEY PA 902 Sand Hill Road Asheville NC 28806 990 2023-07-01 264768737 Bent Creek Institute Inc BENT 8286652492 100 Frederick Law Olmsted Way Asheville NC 28806 Drake Fowler President 8286652492 2026-02-17 1 1 Robin G Earley CPA P01220854 8282512846 2026-02-16 2023 2025-03-06 01:10:19Z Drake Fowler 100 Frederick Law Olmsted Way Asheville NC 28806 66150 0 X www.usbsl.org X 2008 NC BENT CREEK INSTITUTE, INC. (BCI), A NON-PROFIT RESEARCH AND ECONOMIC DEVELOPMENT ORGANIZATION ACCELERATES RESEARCH, DEVELOPMENT, AND PRODUCTION OF SAFE PLANT DERIVED WELLNESS PRODUCTS IN WESTERN NORTH CAROLINA. 3 3 2 3 0 0 25000 10000 126322 56150 -4 0 137 0 151455 66150 0 0 0 0 95636 47114 0 0 0 52806 13561 148442 60675 3013 5475 193462 195282 73058 69403 120404 125879 X BENT CREEK INSTITUTE, INC. (BCI), A NON-PROFIT RESEARCH AND ECONOMIC DEVELOPMENT ORGANIZATIONACCELERATES RESEARCH, DEVELOPMENT, AND PRODUCTION OF SAFE PLANT DERIVED WELLNESS PRODUCTS INWESTERN NORTH CAROLINA. 0 0 55350 50612 IN COLLABORATION WITH THE NORTH CAROLINA ARBORETUM (TNCA), BCI CONTINUED TO MANAGE BOTANICAL INGREDIENT AUTHENTICATION AND TESTING SERVICES AT US BOTANICAL SAFETY LABORATORY (USBSL). USBSL ALSO PROVIDED FORMULATION SERVICES TO SMALL BUSINESSES, PROVIDING ACCESS TO GMP COMPLIANT PROTOTYPING AND MANUFACTURING SERVICES. USBSL MAINTAINED REGIONAL PARTNERSHIPS INCLUDING WITH THE BIONETWORK LABORATORY (A DIVISION OF THE COMMUNITY COLLEGE SYSTEM) TO ANCHOR AN ACCESSIBLE HUB FOR THE PRODUCTION OF VALUE ADDED PRODUCTS FROM WNC ALTERNATIVE AGRICULTURE. USBSL ALSO PROVIDED A VALUABLE USFDA NEW DIETARY INGREDIENT NOTIFICATION (NDIN) AND RELATED COMPLIANCE SERVICES TO VARIOUS BOTANICAL PRODUCTS COMPANIES LOCATED OR WITH OPERATIONS IN WESTERN NORTH CAROLINA. 5538 BCI AND USBSL PROVIDED STRATEGIC ADVISORY AND CONSULTING SERVICES TO PRODUCERS AND START-UPS TO ASSSIST IN SCALE-UP AND R&D OF HERBAL PRODUCTS 55350 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X Drake Fowler 8286652492 100 Frederick Law Olmsted Way Asheville NC 28806 X Drake Fowler President 5.00 X X 0 0 0 Greg Cumberford Board Chair 4.00 X X 0 0 0 Cheryl McMurry Secretary/Treasurer 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 10000 10000 USBSL Contract Service 541700 50612 50612 USBSL Consulting Servi 541700 5538 5538 56150 66150 56150 0 0 44356 44356 2758 2758 1939 1939 600 600 158 158 402 402 1704 1704 7048 7048 351 197 154 Software 671 671 Interest Expense 250 250 Lab testing 233 233 Bank Service Charges 147 147 58 58 60675 55350 5325 0 33192 21164 1737 22633 196078 182119 21007 13959 137262 137262 264 264 193462 195282 720 72338 69403 73058 69403 X 120404 125879 120404 125879 193462 195282 5475 0 X 0 0 0 X 15240 40964 40669 25000 10000 131873 15240 40964 40669 25000 10000 131873 79685 52188 131873 0.39570 0.51680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 196078 182119 13959 13959 Payroll Liabilities 897 RMT CT Note Payable - SBA Business Loa 68400 Wells Fargo Business Card Greg 106 69403 Form 990, Part VI, Section B, line 11b THE 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS, REVIEWED BY MANAGEMENT, PRESENTED TO THE BOARD FOR REVIEW, PROPOSED REVISIONS, AND FINAL APPROVAL. Form 990, Part VI, Section B, line 12c CONFLICT OF INTEREST STATEMENTS FROM EACH ACTIVE BOARD MEMBER ARE MAINTAINED ON FILE. THE STATEMENTS AFFIRM THAT THE POLICY HAS BEEN READ AND EITHER THAT NO CONFLICT OF INTEREST EXISTS, OR DISCLOSES ANY SUCH CONFLICTS. Form 990, Part VI, Section B, line 15 THE BOARD OF DIRECTORS SETS THE PRESIDENT/ EXECUTIVE DIRECTOR'S AND LABORATORY DIRECTOR'S SALARIES AFTER A PERFORMANCE REVIEW AND A CHECK OF COMPARABLE SALARY INFORMATION FOR NON-PROFIT ORGANIZATIONS WITH SIMILAR BUDGETS. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST The Organization had a change in upper management in the spring of 2024. The Board President encountered significant difficulty in gaining access to the accounting system in order to complete the records. The Organization is located in WNC which was damaged significantly by Hurricane Helene on 9/27/24. This occurrent of this natural disaster did provide additional time to file until 9/27/25. However, it took the Board President until mid-December 2025 to work with the software vendor Quickbooks Online to gain the necessary access to complete the records. The Organization has a history of timely filing of its 990. The issues with the year end 6/30/24 were unusual and out of control of the Organization. They will not repeat going forward.