Nonprofit · EIN 87-4131422
SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION
Tax-exempt · RALEIGH, NC 27612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,918,348 | $1,767,168 | $151,180 | $543,419 | $6,407 | $537,012 |
| December 31, 2023 | 990 | $1,235,824 | $1,193,745 | $42,079 | $386,926 | $1,094 | $385,832 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $145,250
- Program service revenue
- $1,773,098
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $163,387
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $9,685
- Program services (functional)
- $1,260,396
- Management and general (functional)
- $505,213
- Fundraising (functional)
- $1,559
Balance sheet and other
- Total assets, start of year
- $386,926
- Total assets, end of year
- $543,419
- Total liabilities, end of year
- $6,407
- Net assets, end of year
- $537,012
- Land, buildings and equipment
- $73,317
- Net assets with donor restrictions
- $537,012
- Gross receipts
- $1,918,348
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2022
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN JESSUP | PRESIDENT & CEO Officer | 1 | $0 | $189,261 | $18,751 |
| ANGIE HARRIS | CHAIRWOMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD O'SHEAL | VICE-CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIC TAYLOR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DONALD GODFREY | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN JESSUP | PRESIDENT & CEO Officer | 1 | $0 | $183,499 | $18,418 |
| TYLER MISEL | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANGI HARRIS | VICE-CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIC TAYLOR | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD O'SHEAL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5109 HOLLYRIDGE DRIVE, RALEIGH, NC 27612-3146
- In care of
- % JOHN JESSUP
- Principal officer (990 for 2024)
- JOHN JESSUP, 5109 HOLLYRIDGE DRIVE, RALEIGH, NC 27612
- Signed the 990
- JOHN JESSUP, PRESIDENT & CEO
- Phone
- (919) 787-8485
- Return prepared by
- THOMAS JUDY & TUCKER PA
Mission
TO PROMOTE THE USE OF PROPANE GAS AND PROVIDE TRAINING FOR INDUSTRY PERSONNEL.
Program accomplishments
- TO PROMOTE THE SAFE USAGE OF PROPANE.Expenses $1,260,396 · grants $163,387 · revenue $1,773,098
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-4131422
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $543,419
- Income (IRS master file)
- $1,918,348
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,918,348 | $1,767,168 | $543,419 | XML |
| 990 | December 2023 | $1,235,824 | $1,193,745 | $386,926 | XML |
| 990 | December 2022 | $1,863,898 | $1,500,359 | $344,797 | 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 87-4131422).
Questions about SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION
- What is the EIN of SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION?
- The employer identification number (EIN) of SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION is 87-4131422.
- Is SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION 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 SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION?
- The 990 for the year ended December 31, 2024 names JOHN JESSUP.
- Who are the officers and directors of SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does SOUTHEAST PROPANE EDUCATION AND RESERACH FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,918,348, expenses of $1,767,168 and total assets of $543,419 at year end.
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