Bracc Institute in Chapel Hill, North Carolina (NC)
Table of contents:
| Bracc Institute | |
| Employer Identification Number (EIN) | 561150494 |
| Name of Organization | Bracc Institute |
| Address | PO BOX 3452, Chapel Hill, NC 27515-3452 |
| Activities | Other religious activities, Other instruction and training |
| Subsection | Charitable Organization, Religious Organization |
| Ruling Date | 12/1976 |
| 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 | $226,545 |
| Amount of Income | $68,699 |
| Form 990 Revenue Amount | $66,892 |
| National Taxonomy of Exempt Entities (NTEE) | Employment, Job-Related: Vocational Training |
Non-representatives - add comments:
Amount of income in 2013: $68,699 (it was $115,390 in 2012)
| This organization: | $68,699 |
| Other organizations performing similar types of work: | $133,002 |
Assets in 2013: $226,545 (it was $251,333 in 2012)
| Bracc Institute: | $226,545 |
| Other organizations performing similar types of work: | $63,305 |
Expenses in 2013: $49,028
| Bracc Institute: | $49,028 |
| Other organizations performing similar types of work: | $133,204 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 86.8%
| Bracc Institute: | 86.8% |
| Other organizations performing similar types of work: | 79.8% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $112,907 | $66,892 | |
| Contributions, gifts, grants, and similar amounts received | $66,809 | $58,074 | |
| Program service revenue including government fees and contracts | $421 | $7,748 | |
| Membership dues and assessments | $0 | $35 | |
| Investment income | $43,852 | $518 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $-99 | $517 | |
| Gross sales of inventory, less returns and allowances | $2,384 | $2,324 | |
| Less: cost of goods sold | $2,483 | $1,807 | |
| Other revenue | $1,924 | $0 | |
| Total expenses | $97,931 | $49,028 | |
| Total net assets | $172,794 | $153,897 | |
| Excess/Deficit for the year | $14,976 | $17,864 | |
| Net assets or fund balances at beginning of year | $155,361 | $172,794 | |
| Other changes in net assets or fund balances | $2,457 | $-36,761 | |
| Net assets or fund balances at end of year | $172,794 | $153,897 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $261,516 | $251,333 | $226,545 |
| Total liabilities | $106,155 | $78,539 | $72,648 |
| Net assets or fund balances | $172,794 | $153,897 | |
| 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 | 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? | Yes | Yes | |
| Total amount involved | $584 | $312 | |
| 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 | 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 | $591,752 |
| Subtotal Support | $591,752 |
| Gifts, grants, contributions, and membership fees received | $591,752 |
| 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 | $591,752 |
| Public Support | $591,752 |
| 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 | Reach Out First Inc | 617 N Elm St, Greensboro, NC 27401-2019 | NC | 2011-08 | $316,069 |
| 2 | Third Reconstruction Institute | 4907 Garrett Rd, Durham, NC 27707-3443 | NC | 2002-09 | $177,879 |
| 3 | Power Of The Dream Inc, Handmeups | 12736 Waterman Dr, Raleigh, NC 27614 | NC | 2009-07 | $118,524 |
| 4 | Training For Success From The Street To The Seat | 916 Lamond Ave, Durham, NC 27701-2019 | NC | 2004-08 | $80,031 |
| 5 | Reiki Foundation International | Po Box 251, Fairview, NC 28730 | NC | 1997-07 | $49,750 |
| 6 | Ppre-Forevergreen Of Charlotte Inc, Joseph Thomas Robinson Jr Mbr | 5920 Glendale Chase Ct Apt 306, Charlotte, NC 28217-0068 | NC | 2014-03 | $26,850 |
| 7 | Troika International Inc | PO BOX 5600, Winston Salem, NC 27113-5600 | NC | 2001-11 | $12,717 |
| 8 | Difference Makers Foundation | PO BOX 550291, Gastonia, NC 28055-0291 | NC | 2009-07 | $1,000 |
| 9 | Wci Educational Foundation | 1 Town Square Blvd Ste 100, Asheville, NC 28803-5013 | NC | 2003-08 | $1 |
| 10 | Aarc Incorporated | Po Box 97636, Raleigh, NC 27624 | NC | 2008-08 | $0 |
| 11 | Break The Chains Inc | 9725 Fayetteville Rd, Raleigh, NC 27603-8879 | NC | 2001-09 | $0 |
| 12 | Bulldog Financial Services Inc | 7412 Alcoa Way, Wilmington, NC 28411 | NC | 2009-06 | $0 |
| 13 | Career Academy | Po Box 36114, Greensboro, NC 27416 | NC | 2014-03 | $0 |
| 14 | Committee On Accreditation For Advanced Cardiovascular Sonography | 2100 Gateway Centre Blvd Ste 310, Morrisville, NC 27560 | NC | 2015-01 | $0 |
| 15 | Dear Mothers Quality Food Development Corp | 6838 Melody Ln, Charlotte, NC 28215-7786 | NC | 2011-02 | $0 |
| 16 | Educational & Training Service Center Of Coastal Carolina Inc | 313 Winchester Rd, Jacksonville, NC 28546 | NC | 2010-09 | $0 |
| 17 | Eprahs Audio & Video Training Institute Inc | 7204 Newell Acres Dr, Charlotte, NC 28215 | NC | 2005-11 | $0 |
| 18 | Grandpas Children Inc, First People Heritage Center Plum Tree Market Place | 106 South George Street, Goldsboro, NC 27530 | NC | 2003-03 | $0 |
| 19 | Greater Works Inc | PO BOX 3275, Lumberton, NC 28359 | NC | 2005-07 | $0 |
| 20 | Hope 4 Haircuts Foundation Inc | 1704 Cobblestone Dr, Creedmoor, NC 27522-7355 | NC | 2014-08 | $0 |
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