Althea Gibson Tennis Foundation in Wilmington, North Carolina (NC)
Table of contents:
| Althea Gibson Tennis Foundation | |
| Employer Identification Number (EIN) | 274033586 |
| Name of Organization | Althea Gibson Tennis Foundation |
| Address | 2406 N 23rd St, Wilmington, NC 28401-8814 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2012 |
| 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 | $25,000 to $99,999 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $32,453 |
| Amount of Income | $328,054 |
| Form 990 Revenue Amount | $328,054 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Tennis, Racquet Sports Clubs, Leagues |
Non-representatives - add comments:
Amount of income in 2013: $328,054 (it was $232,988 in 2012)
| This organization: | $328,054 |
| Other organizations performing similar types of work: | $65,435 |
Assets in 2013: $32,453 (it was $226,061 in 2012)
| Althea Gibson Tennis Foundation: | $32,453 |
| Other organizations performing similar types of work: | $25,443 |
Expenses in 2013: $193,608
| Althea Gibson Tennis Foundation: | $193,608 |
| Other organizations performing similar types of work: | $58,611 |
Income to expenses ratio in 2013: 1.7
| This organization: | 1.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: -,nan,(ind)%
| Althea Gibson Tennis Foundation: | -,nan,(ind)% |
| Other organizations performing similar types of work: | 0.5% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $232,988 | $0 | |
| Total expenses | $6,927 | $193,608 | |
| Total net assets | $226,061 | $32,453 | |
| Excess/Deficit for the year | $226,061 | $-193,608 | |
| Net assets or fund balances at beginning of year | $0 | $226,061 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $226,061 | $32,453 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $214,839 | $226,061 | $32,453 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $226,061 | $32,453 | |
| 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 | |
| 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 | Yes | |
| 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 | |
| Gross receipts for public use of club facilities | $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 | $232,988 |
| Subtotal Support | $232,988 |
| Gifts, grants, contributions, and membership fees received | $232,988 |
| 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 | $232,988 |
| Public Support | $232,988 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Yonahlossee Racquet Club Inc | 250 Cockley Beck, Boone, NC 28607-8351 | NC | 2001-02 | $335,082 |
| 2 | Althea Gibson Tennis Foundation | 2406 N 23rd St, Wilmington, NC 28401-8814 | NC | 2012-01 | $328,054 |
| 3 | Greensboro Tennis Foundation Inc | 3802 Jaycee Park Dr, Greensboro, NC 27455 | NC | 2012-04 | $257,622 |
| 4 | Western Wake Tennis Association Inc | 2474 Walnut St, Cary, NC 27518-9212 | NC | 2003-09 | $216,177 |
| 5 | Triad Blackhawks | 1100 Lamp Post Ln, Greensboro, NC 27410-3230 | NC | 2011-02 | $85,095 |
| 6 | Black Mountain Tennis Association | 101 Carver Ave, Black Mtn, NC 28711-2711 | NC | 2009-09 | $3,694 |
| 7 | Brunswick County Tennis Association | Pobox 677, Supply, NC 28462 | NC | 2002-12 | $0 |
| 8 | Caring Hearts Youth Services Inc | PO BOX 2162, Oxford, NC 27565-2162 | NC | 2014-12 | $0 |
| 9 | Cary Table Tennis Asociation | Pob 3401, Cary, NC 27519 | NC | 2002-02 | $0 |
| 10 | Charlotte Table Tennis Club Inc | 2338 Parkhighland Court, Charlotte, NC 28273 | NC | 2006-03 | $0 |
| 11 | Cleveland County Tennis Association Inc | Po Box 2811, Shelby, NC 28150 | NC | 2007-04 | $0 |
| 12 | Craven County Tennis Association Inc | PO BOX 12051, New Bern, NC 28561-2051 | NC | 2005-08 | $0 |
| 13 | Currituck Tennis | Po Box 401, Moyock, NC 27958 | NC | 2005-07 | $0 |
| 14 | Cuthbertson Lacrosse Club Inc | 7403 Melwood Place, Waxhaw, NC 28173 | NC | 2012-02 | $0 |
| 15 | Denver Lacrosse Inc | 8191b Deep Water Ln, Denver, NC 28037-8892 | NC | 2014-10 | $0 |
| 16 | Downeast Community Tennis Association | Post Office Box 2858, Greenville, NC 27836 | NC | 2001-07 | $0 |
| 17 | Ebony Jr Team Tennis | Po Box 25753, Raleigh, NC 27610 | NC | 2014-08 | $0 |
| 18 | Ebony Racquet Club Inc | 2408 Rock Quarry Rd, Raleigh, NC 27610 | NC | 2013-01 | $0 |
| 19 | Greater Hickory Tenni Association | 650 40th Ave Lane Nw, Hickory, NC 28601 | NC | 2006-03 | $0 |
| 20 | High Country Racquetball Inc | 516 New Market Blvd Suite 2, Boone, NC 28607 | NC | 2012-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,056 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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