TY 2018 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-1150

2018

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
The Partnership for Economic
Prosperity Inc

Number and street (or P. O. box, if mail is not delivered to street address)PO Box 9464
Room/suite

City or town, state or province, country, and ZIP or foreign postal code Moscow, ID83843

D Employer identification number

61-1769253

E Telephone number

(208) 883-7994

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? The Partnership for Economic Prosperity is to bring business, government, education and community leadership together for the purpose of strengthening the Latah County economy through the retention and expansion of existing business and industry, the attraction and recruitment of new businesses, and the continuing diversification of the Latah County economic base.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 The Partnership for Economic Prosperity (PEP) performs its mission of business and community development by:Creating and implementing plans and projects;Building strategic partnerships and working with partners to accomplish defined goals;Supporting and assisting programs and projects of other entities;Advocating actions that support PEP goals;Providing resources for business growth and development;Participating in economic development modeling and planning;Educating the community about and facilitating discussion of economic development issues. (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)
Dan Ewart President	1.00	0
Paul Kimmell Director	1.00	0
Gina Taruscio Executive Dir.	40.00	83,846
Gary Riedner Treasurer	1.00	0

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE


Name of organization The Partnership for Economic Prosperity Inc	Employer identification number 61-1769253
Part I	Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)


Name of organization The Partnership for Economic Prosperity Inc	Employer identification number 61-1769253
Part II	Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Return Reference	Explanation
Other Expenses.1001	Advertising and Promotion $641
Other Expenses.1002	Office Expenses $344
Other Expenses.1005	Travel $14634
Other Expenses.1012	Insurance $735
Other Expenses.1	HOUSING NEEDS ASSESSMENT $51606
Other Expenses.2	DUES AND SUBSCRIPTIONS $1804
Other Expenses.3	SITE VISITS $1151
Other Expenses.4	SERVICE CHARGES $1001
Other Expenses.5	CONTRACTED SERVICES $750
Other Expenses.6	TELEPHONE $685
Other Expenses.8	MISCELLANEOUS EXPENSE $229
Other Expenses.10	BANK CHARGES $10
Other Assets.1005	Accounts Receivable - Beginning $5000 Accounts Receivable - Ending $5000
Total Liabilities.1001	Accounts Payable and Accrued Expenses - Beginning $521 Accounts Payable and Accrued Expenses - Ending $3500

Return Reference

Explanation

Other Expenses.1001

Advertising and Promotion $641

Other Expenses.1002

Office Expenses $344

Other Expenses.1005

Travel $14634

Other Expenses.1012

Insurance $735

Other Expenses.1

HOUSING NEEDS ASSESSMENT $51606

Other Expenses.2

DUES AND SUBSCRIPTIONS $1804

Other Expenses.3

SITE VISITS $1151

Other Expenses.4

SERVICE CHARGES $1001

Other Expenses.5

CONTRACTED SERVICES $750

Other Expenses.6

TELEPHONE $685

Other Expenses.8

MISCELLANEOUS EXPENSE $229

Other Expenses.10

BANK CHARGES $10

Other Assets.1005

Accounts Receivable - Beginning $5000 Accounts Receivable - Ending $5000

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $521 Accounts Payable and Accrued Expenses - Ending $3500

1	Contributions, gifts, grants, and similar amounts received ....................	1	180,000
2	Program service revenue including government fees and contracts ...............	2
3	Membership dues and assessments ...........................	3
4	Investment income ...........................	4	2,089
5a	Gross amount from sale of assets other than inventory .....	5a
b	Less: cost or other basis and sales expenses .......	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ..........	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	182,089

10	Grants and similar amounts paid (list in Schedule O) ............	10
11	Benefits paid to or for members ................	11
12	Salaries, other compensation, and employee benefits ................	12	107,544
13	Professional fees and other payments to independent contractors ............	13	3,961
14	Occupancy, rent, utilities, and maintenance ...................	14	3,163
15	Printing, publications, postage, and shipping ..............	15	312
16	Other expenses (describe in Schedule O) ..............	16	73,590
17	Total expenses. Add lines 10 through 16 ..............	17	188,570

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-6,481
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) ............	19	211,206
20	Other changes in net assets or fund balances (explain in Schedule O) ..........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 .......	21	204,725

Sign Here

	Signature of officer	Date

	Type or print name and title

Software ID:	18007218
Software Version:	2018v3.1


Name of organization The Partnership for Economic Prosperity Inc			Employer identification number 61-1769253
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.