H and PE Corporation
- Assets
- $9.4m
- Revenue
- $234.6k
- Investments
- $1.0m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- Data as of
- 12/2022
- EIN
- 55-0727053
Organization Overview
H and PE Corporation is located in Charleston, WV. H and PE Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, H and PE Corporation generated $234.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $468.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PURPOSE IS EDUCATIONAL, LITERARY, AND CIVIC, TO THE END THAT MEMBERS BECOME MORE EFFICIENT IN THEIR WORK, AND BROADER IN THEIR SYMPATHIES IN RAISING THE POSITION OF ORGANIZED LABOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S ACHIEVEMENTS ARE TO EDUCATE ITS MEMBERS; UNITE FRATERNALLY AND FOR MUTUAL BENEFIT; FORWARD AND PROMOTE GENERAL WELFARE AND PROSPERITY OF ITS MEMBERS; PURCHASE, LEASE, HOLD, MORTGAGE, CONVEY, OR OTHERWISE ACQUIRE OR DISPOSE OF REAL AND PERSONAL PROPERTY NECESSARY FOR CARRYING OUT THIS CORPORATION IN THE STATE OF WEST VIRGINIA IN AN EFFORT TO RAISE THE STANDING OF ORGANIZED LABOR.
THE ORGANIZATIONS ACHIEVEMENTS ARE TO EDUCATE, LITERARY, AND CIVIC ITS' MEMBERS; UNITE FRATERNALLY AND FOR MUTUAL BENEFIT; FORWARD AND PROMOTE GENERAL WELFARE AND PROSPERITY OF ITS' MEMBERS; PURCHASE, LEASE, HOLD, MORTGAGE OR CONVEY OR OTHERWISE ACQUIRE OR DISPOSE OF REAL AND PERSONAL PROPERTY NECESSARY FOR CARRYING OUT THIS CORPORATION IN THE STATE OF WEST VIRGINIA IN AN EFFORT TO RAISE THE STANDING AND POSITION OF ORGANIZED LABOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Parker President | OfficerTrustee | 1 | $0 |
William Huffman Vice President | OfficerTrustee | 1 | $0 |
Steven Mcdiffit Secretary | OfficerTrustee | 0.5 | $0 |
Allen Nelson Board Member | OfficerTrustee | 0.5 | $0 |
John Dean Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $160,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,200 |
| Net Gain/Loss on Asset Sales | $54,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,911 |
| Fees for services: Accounting | $12,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $37,001 |
| All other expenses | $0 |
| Total functional expenses | $468,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,683 |
| Savings and temporary cash investments | $1,032,106 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,353,645 |
| Investments—other securities | $1,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,401,434 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $9,401,434 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,401,434 |