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Bernice Industrial Development Corporation

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$64.3k (2024)

Expenses
$13k (2024)

Total Assets
$633k (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$64,307
Expenses
$12,990
Net Income
$51,317
Net Assets
$632,866
Notable Sources of Revenue Percent of Total Revenue
Contributions $220
0.3%
Program Services $0
Investment Income $24,922
38.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $39,165
60.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $632,866
Total Liabilities $0
Net Assets $632,866
Compensation
Key Employees and Officers Compensation Related Other
Minor Patton (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
-$27,558
Expenses
$19,632
Net Income
-$47,190
Net Assets
$393,333
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,863
Investment Income $222
Net Fundraising $1,112
Sales of Assets -$32,315
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $393,333
Total Liabilities $0
Net Assets $393,333

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$11,511
Expenses
$7,295
Net Income
$4,216
Net Assets
$440,523
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $393
3.4%
Net Fundraising $10,468
90.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $440,974
Total Liabilities $451
Net Assets $440,523
Compensation
Key Employees and Officers Compensation Other
Gretchen Till (President) $0 $0
Eddy Lee (Vice President) $0 $0
Michael Brandon (Secretary) $0 $0
Minor Patton (Treasurer) $0 $0
Edwin Watley (Board Member) $0 $0
Gene Terrall (Board Member) $0 $0
Roger Farrar (Board Member) $0 $0
Connie Urrey (Board Member) $0 $0
John Levingston (Board Member) $0 $0
Mayro Bill Mitcham (Board Member) $0 $0
Daniel Harkins (Board Member) $0 $0
Jan Lee (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$13,180
Expenses
$2,623
Net Income
$10,557
Net Assets
$436,307
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $159
1.2%
Net Fundraising $12,341
93.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $436,307
Total Liabilities $0
Net Assets $436,307
Compensation
Key Employees and Officers Compensation Other
Gretchen Till (President) $0 $0
Josie Tubbs (Vice President) $0 $0
Michael Brandon (Secretary) $0 $0
Minor Patton (Treasurer) $0 $0
Eddy Lee (Board Member) $0 $0
Elsie Sewell (Board Member) $0 $0
Bill Mitcham (Board Member) $0 $0
Jesse Boyett (Board Member) $0 $0
Jerry Till (Board Member) $0 $0
Gene Terral (Board Member) $0 $0
Pat Carroll (Board Member) $0 $0
Ed Watley (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$39,166
Expenses
$2,735
Net Income
$36,431
Net Assets
$135,750
Notable Sources of Revenue Percent of Total Revenue
Contributions $250
0.6%
Program Services $0
Investment Income $35,375
90.3%
Net Fundraising $2,941
7.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $135,750
Total Liabilities $0
Net Assets $135,750
Compensation
Key Employees and Officers Compensation Other
Gretchen Till (President) $0 $0
Josie Tubbs (Vice President) $0 $0
Michael Brandon (Secretary) $0 $0
Minor Patton (Treasurer) $0 $0
Eddy Lee (Board Member) $0 $0
Elsie Sewell (Board Member) $0 $0
Bill Mitcham (Board Member) $0 $0
Jesse Boyett (Board Member) $0 $0
Jerry Till (Board Member) $0 $0
Gene Terral (Board Member) $0 $0
Pat Carroll (Board Member) $0 $0
Ed Watley (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$7,497
Expenses
$9,649
Net Income
-$2,152
Net Assets
$389,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $500
6.7%
Program Services $400
5.3%
Investment Income $228
3.0%
Net Fundraising $4,929
65.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $389,319
Total Liabilities $0
Net Assets $389,319
Compensation
Key Employees and Officers Compensation Other
Gretchen Till (President) $0 $0
Dr H Kirt Touchstone (Vice President) $0 $0
Minor Patton (Sec/Treas) $0 $0
Eddy Lee (Board Member) $0 $0
Josie Tubbs (Board Member) $0 $0
Bill Mitcham (Board Member) $0 $0
Jesse Boyett (Board Member) $0 $0
Jerry Till (Board Member) $0 $0
John Levingston (Boardmember) $0 $0
Pat Carroll (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$113,736
Expenses
$55,052
Net Income
$58,684
Net Assets
$387,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $945
0.8%
Program Services $5,325
4.7%
Investment Income $615
0.5%
Net Fundraising $105,791
93.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $440,260
Total Liabilities $52,879
Net Assets $387,381
Compensation
Key Employees and Officers Compensation Other
Gretchen Till (President) $0 $0
Dr H Kirt Touchstone (Vice President) $0 $0
Lana Patton (Sec/Treas) $0 $0
Minor Patton (Board Member) $0 $0
Eddy Lee (Board Member) $0 $0
Josie Tubbs (Board Member) $0 $0
Bill Mitcham (Board Member) $0 $0
Jesse Boyett (Board Member) $0 $0
Jerry Till (Board Member) $0 $0
John Levingston (Boardmember) $0 $0
Pat Carroll (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$90,778
Expenses
$87,030
Net Income
$3,748
Net Assets
$379,481
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,553
2.8%
Program Services $5,976
6.6%
Investment Income $6,990
7.7%
Net Fundraising $74,579
82.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $445,103
Total Liabilities $65,622
Net Assets $379,481

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$100,543
Expenses
$98,323
Net Income
$2,220
Net Assets
$375,733
Notable Sources of Revenue Percent of Total Revenue
Contributions $930
0.9%
Program Services $5,295
5.3%
Investment Income $5,224
5.2%
Net Fundraising $88,134
87.7%
Sales of Assets $200
0.2%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $456,307
Total Liabilities $80,574
Net Assets $375,733

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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