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Nonprofit · EIN 20-5179792

POLITICAL AND ECONOMIC RESEARCH COUNCIL

Tax-exempt · CHAPEL HILL, NC 27517

Financials

$230K$232K2022
Revenue Expenses · by fiscal year end
Financials of POLITICAL AND ECONOMIC RESEARCH COUNCIL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2023990$230,371$232,486-$2,115$59,984$4,796$55,188
Financial details: 990 for the year ended June 30, 2023

Revenue

Contributions, gifts and grants
$230,371
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$66,875
Other salaries and wages
$60,625
Salaries, compensation and benefits (total)
$145,092
Professional fundraising fees
$0
Travel
$9,395
Depreciation
$1,861
Program services (functional)
$126,654
Management and general (functional)
$105,832

Balance sheet and other

Total assets, start of year
$65,230
Total assets, end of year
$59,984
Total liabilities, end of year
$4,796
Net assets, end of year
$55,188
Land, buildings and equipment
$20,219
Net assets without donor restrictions
$55,188
Gross receipts
$230,371
Employees
0
Volunteers
0
Year formed
2006
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2023, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL TURNERPRESIDENT
Officer
20$66,875
ROBERT AIELLODIRECTOR
Trustee or director
20$0
KATHERINE O'NEILLDIRECTOR
Trustee or director
20$0
JENNIFER BARRETTDIRECTOR
Trustee or director
20$0
CLARK ABRAHAMSDIRECTOR
Trustee or director
20$0
JENNIFER TESCHERDIRECTOR
Trustee or director
20$0
JAMES GUTIERREZDIRECTOR
Trustee or director
20$0
ERIC IDEHENDIRECTOR
Trustee or director
20$0
MICHAEL NATHANSDIRECTOR
Trustee or director
20$0

Address and contacts

Address (IRS master file)
100 EUROPA DR STE 403, CHAPEL HILL, NC 27517-2389
Principal officer (990 for 2022)
MICHAEL TURNER, 6409 FAYETTEVILLE RD STE 120 240, DURHAM, NC 27701
Signed the 990
MICHAEL TURNER, PRESIDENT
Phone
(919) 338-2798
Return prepared by
ROBERT A WOLOSHEN CPA PC

Mission

ORGANIZATION WAS FORMED TO BE THE CENTRAL FORUM FOR ALL THOSE CONCERNED WITH MAINTAINING AND ENHANCING THE FREE FLOW OF INFORMATION IN THE DIGITAL AGE.

990 for the year ended June 30, 2023

Program accomplishments

  • TO SHARE INFORMATION AND CONCERNS OF A NON-COMPETITIVE NATURE OR COMMERCIAL AMONG OUR MEMBERS REGARDING RELEVANT POLICY, REGULATORY, LEGAL AND ECONOMIC MATTERS.
    Expenses $126,654

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024Not on file

IRS record

EIN
20-5179792
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$59,984
Income (IRS master file)
$230,371

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2023$230,371$232,486$59,984XML
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5179792).

Questions about POLITICAL AND ECONOMIC RESEARCH COUNCIL

What is the EIN of POLITICAL AND ECONOMIC RESEARCH COUNCIL?
The employer identification number (EIN) of POLITICAL AND ECONOMIC RESEARCH COUNCIL is 20-5179792.
Is POLITICAL AND ECONOMIC RESEARCH COUNCIL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to POLITICAL AND ECONOMIC RESEARCH COUNCIL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does POLITICAL AND ECONOMIC RESEARCH COUNCIL file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of POLITICAL AND ECONOMIC RESEARCH COUNCIL due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did POLITICAL AND ECONOMIC RESEARCH COUNCIL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2023.
Who is the principal officer of POLITICAL AND ECONOMIC RESEARCH COUNCIL?
The 990 for the year ended June 30, 2023 names MICHAEL TURNER.
Who are the officers and directors of POLITICAL AND ECONOMIC RESEARCH COUNCIL?
The 990 for the year ended June 30, 2023 lists 9 people; 1 received compensation from the organization, the highest $66,875 (MICHAEL TURNER, PRESIDENT).
How much revenue does POLITICAL AND ECONOMIC RESEARCH COUNCIL have?
On its 990 for the year ended June 30, 2023 it reported revenue of $230,371, expenses of $232,486 and total assets of $59,984 at year end.

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