Challengers in Huntersville, North Carolina (NC)
Table of contents:
| Challengers | |
| Employer Identification Number (EIN) | 205298020 |
| Name of Organization | Challengers |
| In Care of Name | Sarinah Woodward |
| Address | PO BOX 533, Huntersville, NC 28070-0533 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 05/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $34,690 |
| Amount of Income | $193,861 |
| Form 990 Revenue Amount | $156,379 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Amateur Sports Competitions |
Non-representatives - add comments:
Amount of income in 2014: $193,861 (it was $103,293 in 2013)
| This organization: | $193,861 |
| Other organizations performing similar types of work: | $68,822 |
Assets in 2014: $34,690 (it was $20,384 in 2013)
| This organization: | $34,690 |
| Other organizations performing similar types of work: | $29,808 |
Expenses in 2014: $139,665
| This organization: | $139,665 |
| Other organizations performing similar types of work: | $62,550 |
Income to expenses ratio in 2014: 1.4
| Challengers: | 1.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 46.0%
| This organization: | 46.0% |
| Other organizations performing similar types of work: | 38.2% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $100,671 | $87,758 | $156,379 |
| Contributions, gifts, grants, and similar amounts received | $24,744 | $20,768 | $71,924 |
| Program service revenue including government fees and contracts | $67,075 | $58,077 | $72,433 |
| Membership dues and assessments | $1,925 | $1,855 | $2,325 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $3,885 | $3,137 | $4,130 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $7,949 | $7,052 | $8,776 |
| Less: direct expenses from gaming and fundraising events | $4,064 | $3,915 | $4,646 |
| Gross profit/loss from sales of inventory | $3,042 | $3,921 | $5,567 |
| Gross sales of inventory, less returns and allowances | $20,614 | $15,541 | $38,403 |
| Less: cost of goods sold | $17,572 | $11,620 | $32,836 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $89,106 | $85,192 | $139,665 |
| Total net assets | $15,410 | $17,976 | $34,690 |
| Excess/Deficit for the year | $11,565 | $2,566 | $16,714 |
| Net assets or fund balances at beginning of year | $3,845 | $15,410 | $17,976 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $17,976 | $34,690 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $18,657 | $20,384 | $34,690 |
| Total liabilities | $3,247 | $2,408 | $0 |
| Net assets or fund balances | $15,410 | $17,976 | $34,690 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $582,377 |
| Subtotal | $582,377 |
| Gifts, grants, contributions, and membership fees received | $137,231 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $445,146 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $640,943 |
| Public support | $582,377 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $58,566 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Charlotte Collegiate Football Bowl Inc | 1900 W Morehead St, Charlotte, NC 28208-5228 | NC | 2010-08 | $9,298,664 |
| 2 | Charlotte Collegiate Football Inc | 4725 Piedmont Row Dr Ste 200, Charlotte, NC 28210-4279 | NC | 2010-09 | $6,527,063 |
| 3 | Asheville-Buncombe Regional Sports Commission Inc | 36 Montford Ave, Asheville, NC 28801-2528 | NC | 2011-08 | $814,708 |
| 4 | United States Bowling Congress Inc, 80869 North Carolina State Usbc | 2812 Oasis Ln, Charlotte, NC 28214-8865 | NC | 2004-09 | $383,561 |
| 5 | Winston-Salem Lacrosse Inc | PO BOX 5171, Winston Salem, NC 27113-5171 | NC | 2012-01 | $125,023 |
| 6 | Triangle Curling Club Of North Carolina | PO BOX 14628, Durham, NC 27709-4628 | NC | 2009-02 | $101,677 |
| 7 | United States Bowling Congress Inc, 80902 Gr Charlotte Usbc | PO BOX 563316, Charlotte, NC 28256-3316 | NC | 2004-09 | $94,787 |
| 8 | Cfrg Incorporated, Cape Fear Roller Girls | PO BOX 1078, Wilmington, NC 28402-1078 | NC | 2011-12 | $81,665 |
| 9 | United States Bowling Congress Inc, 80903 Piedmont Usbc | 826 Welcome Bethesda Rd, Lexington, NC 27295-8327 | NC | 2004-09 | $72,136 |
| 10 | United States Bowling Congress Inc, 86237 Capital Area Usbc | 701 Copperline Dr Unit 203, Chapel Hill, NC 27516-4486 | NC | 2004-09 | $57,660 |
| 11 | United States Pony Clubs Inc | 4211 University Station Road, Chapel Hill, NC 27514 | NC | 2002-09 | $53,309 |
| 12 | Swim Spartanburg | 917 Centennial Rd, Union Mills, NC 28167-9781 | NC | 2003-12 | $44,392 |
| 13 | Uspc Newco Inc, Yadkin Valley Hounds Pony Club | 320 School House Rd, Casar, NC 28020-7748 | NC | 2002-09 | $37,687 |
| 14 | United States Bowling Congress Inc, Rowanmooresville Usbc Association | 1114 Arbor Drive, Salisbury, NC 28144 | NC | 2004-09 | $37,130 |
| 15 | United States Bowling Congress Inc, Durham Orange Person Usbc Association | 5210 Autumn Dr, Durham, NC 27712 | NC | 2004-09 | $29,987 |
| 16 | United States Bowling Congress Inc, 80871 Cape Fear Usbc | 4702 Long Leaf Hills Dr, Wilmington, NC 28409-5108 | NC | 2004-09 | $29,006 |
| 17 | Team North Carolina | 7244 Trebor Way, Denver, NC 28037-8045 | NC | 2010-01 | $22,882 |
| 18 | United States Bowling Congress Inc, 80870 Wilson Usbc Ba | 4440 Old Raleigh Rd, Wilson, NC 27893-8365 | NC | 2004-09 | $17,010 |
| 19 | United States Bowling Congress Inc, Na Na | 6016 Inverness Circle, Sanford, NC 27332 | NC | 2004-09 | $6,650 |
| 20 | United States Bowling Congress Inc | 103 Trenor Lane, Powells Point, NC 27966 | NC | 2004-09 | $2,300 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 6,596 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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