Africa Exchange in Wilmington, North Carolina (NC)
Table of contents:
| Africa Exchange | |
| Employer Identification Number (EIN) | 541850816 |
| Name of Organization | Africa Exchange |
| In Care of Name | Paul Knott |
| Address | 1985 Eastwood Rd, Wilmington, NC 28403-7208 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Cultural exchanges with foreign country |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 07/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $163,623 |
| Amount of Income | $84,157 |
| Form 990 Revenue Amount | $84,157 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: International Cultural Exchange |
Non-representatives - add comments:
Amount of income in 2013: $84,157 (it was $151,056 in 2012)
| This organization: | $84,157 |
| Other organizations performing similar types of work: | $50,238 |
Assets in 2013: $163,623 (it was $175,455 in 2012)
| This organization: | $163,623 |
| Other organizations performing similar types of work: | $28,587 |
Expenses in 2013: $99,897
| This organization: | $99,897 |
| Other organizations performing similar types of work: | $41,149 |
Income to expenses ratio in 2013: 0.8
| Africa Exchange: | 0.8 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 99.9%
| This organization: | 99.9% |
| Other organizations performing similar types of work: | 88.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $189,280 | $151,056 | $84,157 |
| Contributions, gifts, grants, and similar amounts received | $160,694 | $149,075 | $84,095 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $115 | $81 | $62 |
| Gain/Loss from sale of assets other than inventory | $3,953 | $1,900 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $24,518 | $0 | $0 |
| Total expenses | $181,023 | $203,359 | $99,897 |
| Total net assets | $226,296 | $173,993 | $158,253 |
| Excess/Deficit for the year | $8,257 | $-52,303 | $-15,740 |
| Net assets or fund balances at beginning of year | $218,039 | $226,296 | $173,993 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $173,993 | $158,253 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $227,753 | $175,455 | $163,623 |
| Total liabilities | $1,457 | $1,462 | $5,370 |
| Net assets or fund balances | $226,296 | $173,993 | $158,253 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $827,899 |
| Subtotal Support | $827,899 |
| Gifts, grants, contributions, and membership fees received | $827,899 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $851,863 |
| Public Support | $827,899 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $258 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $23,706 |
| Gross receipts from related activities, etc. | $1,900 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Shanghai Expo 2010 | 1510 Kenmore Rd, Pasadena, CA 91106-4521 | CA | 2000-07 | $60,188,987 |
| 2 | Youth For Understanding Usa Inc | 641 S St Nw, Washington, DC 20001-5131 | DC | 2002-05 | $27,853,615 |
| 3 | Soliya Inc | 6 E 39th St Ste 301, New York, NY 10016-0112 | NY | 2004-03 | $2,382,526 |
| 4 | Israel-America Academic Exchange | 9100 Wilshire Boulevard Suite 400, Beverly Hills, CA 90212 | CA | 2009-02 | $1,202,269 |
| 5 | Us China Scitech Education Promotion Association Inc, Students Scitech Related Activities | 16 Evergreen Ln, Andover, MA 01810-4411 | MA | 2011-11 | $1,194,900 |
| 6 | Playing For Change Foundation | 3110 Main Street The Annex, Santa Monica, CA 90405 | CA | 2007-08 | $672,529 |
| 7 | W R Torres Foundation For The Blind | 1725 Eye Street, Washington, DC 20006-2403 | DC | 2001-08 | $545,924 |
| 8 | Global Classroom Alliance Fka Ufeic United States | 6010 Winterpointe Ln Apt 102, Raleigh, NC 27606-5009 | NC | 2012-10 | $101,356 |
| 9 | Africa Exchange | 1985 Eastwood Rd, Wilmington, NC 28403-7208 | NC | 1997-07 | $84,157 |
| 10 | Southern Bridge International Inc | 110 Pheasant Wood Ct Ste C, Morrisville, NC 27560-7926 | NC | 2008-01 | $62,212 |
| 11 | Chinese Association For Science & Technology Nc Chapter | Po Box 1013, Cary, NC 27512 | NC | 2007-07 | $7,175 |
| 12 | Arts To End Genocide | Po Box 3621, New Bern, NC 28564-3621 | NC | 2014-01 | $0 |
| 13 | Burlington-Alamance Sister Cites Inc | PO BOX 2858, Burlington, NC 27216-2858 | NC | 2000-12 | $0 |
| 14 | Colombo American Foundation | 101 West Sugar Creek Rd Unit 2 C, Charlotte, NC 28213 | NC | 2012-06 | $0 |
| 15 | Heart To Heart Summer Camps | 201 Raleigh St Rm 205, Chapel Hill, NC 27514-4492 | NC | 2014-10 | $0 |
| 16 | Hendersonville International Inc, Hendersonville Sister Cities | Po Box 6004, Hendersonville, NC 28793 | NC | 2010-04 | $0 |
| 17 | Japan-America Society Of Charlotte | 1600 Tyvola Rd, Charlotte, NC 28210 | NC | 1996-01 | $0 |
| 18 | Moldova Aid | 1001 Clark Ridge Ct, Raleigh, NC 27613 | NC | 2012-05 | $0 |
| 19 | S R T Usa Inc | 8601 Six Forks Rd Ste 400, Raleigh, NC 27615-2965 | NC | 2000-03 | $0 |
| 20 | Sindhi Association Of Carolinas Sac | P O Box 79056, Charlotte, NC 28271 | NC | 2006-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 503 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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