Cobras Inc in Charlotte, North Carolina (NC)
Table of contents:
| Cobras Inc | |
| Employer Identification Number (EIN) | 203862439 |
| Name of Organization | Cobras Inc |
| In Care of Name | J R Miller |
| Address | 101 N Tryon St Ste 1900, Charlotte, NC 28246-0103 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2013 |
| 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 | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $84,177 |
| Amount of Income | $120,984 |
| Form 990 Revenue Amount | $117,335 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $120,984 (it was $90,489 in 2012)
| This organization: | $120,984 |
| Other organizations performing similar types of work: | $72,190 |
Assets in 2013: $84,177 (it was $88,381 in 2012)
| This organization: | $84,177 |
| Other organizations performing similar types of work: | $42,723 |
Expenses in 2013: $111,539
| Cobras Inc: | $111,539 |
| Other organizations performing similar types of work: | $42,209 |
Income to expenses ratio in 2013: 1.1
| Cobras Inc: | 1.1 |
| Other organizations performing similar types of work: | 0.4 |
Grants share in income in 2013: 78.4%
| This organization: | 78.4% |
| Other organizations performing similar types of work: | 4.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|---|
| Total revenue | $85,089 | $81,302 | $8,787 | $167,620 | $90,489 | $117,335 |
| Contributions, gifts, grants, and similar amounts received | $78,637 | $70,440 | $4,992 | $157,697 | $90,489 | $92,000 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 | $0 | $18,221 |
| Investment income | $0 | $0 | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $6,452 | $10,862 | $3,795 | $9,922 | $0 | $7,114 |
| Gross income from gaming | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $6,452 | $10,862 | $3,795 | $9,922 | $0 | $10,763 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $0 | $0 | $0 | $3,649 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $69,110 | $77,400 | $77,277 | $100,132 | $78,288 | $111,539 |
| Total net assets | $73,280 | $77,182 | $8,692 | $76,180 | $78,381 | $84,177 |
| Excess/Deficit for the year | $15,979 | $3,901 | $-68,490 | $67,488 | $12,201 | $5,796 |
| Net assets or fund balances at beginning of year | $57,301 | $73,281 | $77,182 | $8,692 | $76,180 | $78,381 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 | $-10,000 | $0 |
| Net assets or fund balances at end of year | $73,280 | $77,182 | $8,692 | $76,180 | $78,381 | $84,177 |
| Balance Sheets | ||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|---|
| Total assets | $73,280 | $77,182 | $8,692 | $76,180 | $88,381 | $84,177 |
| Total liabilities | $0 | $0 | $0 | $0 | $10,000 | $0 |
| Net assets or fund balances | $73,280 | $77,182 | $8,692 | $76,180 | $78,381 | $84,177 |
| Other Information | ||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | No | No | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | No | No | 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 | No | No | No | No |
| Total amount involved | $0 | $0 | $0 | $0 | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $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 | No | No | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | 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: (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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $469,182 |
| Subtotal | $469,182 |
| Gifts, grants, contributions, and membership fees received | $433,839 |
| 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 | $35,343 |
| 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 | $469,182 |
| Public support | $469,182 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Rotary International, South Hill Rotary Club | PO BOX 922, South Hill, VA 23970-0922 | VA | 2008-06 | $70,044 |
| 2 | Troon Foundation | 104 Troon Pl, Elon, NC 27244-9264 | NC | 2012-02 | $4,552,721 |
| 3 | Chiquita For Charities | 550 S Caldwell St Ste 1515, Charlotte, NC 28202-2685 | NC | 2014-08 | $2,653,906 |
| 4 | Magic Cabinet Foundation Tua | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2011-04 | $1,294,141 |
| 5 | W Rudolph & Helen Jacobs Carter Endowment Fund Fbo Bethel United | PO BOX 1465, Wilson, NC 27894-1465 | NC | 2003-06 | $757,660 |
| 6 | Sharp Healthcarefuller Trust Wells Fargo Bank Na Trustee, San Diego Trust & Savings Bank Tr | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2000-06 | $603,837 |
| 7 | Benham Foundation Inc | 8410 Pit Stop Ct Nw Ste 140, Concord, NC 28027 | NC | 2010-02 | $416,779 |
| 8 | Sallie Clark Tr Fbo Averett College, Branch Banking & Trust Co Va Ttee | PO BOX 2907, Wilson, NC 27894-2907 | NC | 2001-09 | $392,465 |
| 9 | Ruth Harbison Carr Fam Foundation Tr | 106 River View Dr, Morganton, NC 28655-8000 | NC | 2000-12 | $323,588 |
| 10 | Tilla Harmon Tr Uw Fbo For Miss Soc Of Mor Ch Etal | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2007-08 | $240,625 |
| 11 | Mission Servants Ministries | 4001 Trehurst Ct, Charlotte, NC 28269-8361 | NC | 2010-02 | $191,579 |
| 12 | Ms Events | PO BOX 30414, Raleigh, NC 27622-0414 | NC | 2009-04 | $130,203 |
| 13 | Cobras Inc | 101 N Tryon St Ste 1900, Charlotte, NC 28246-0103 | NC | 2013-06 | $120,984 |
| 14 | Neuse River Bridge Run | Po Box 234, New Bern, NC 28563 | NC | 2007-09 | $117,923 |
| 15 | Jennifer Rose Cernuto Family Foundation Inc | 132 Joe V Knox Avenue No 105, Mooresville, NC 28117 | NC | 2012-05 | $106,826 |
| 16 | Wallburg Elementary School Pto | 205 Motsinger Rd, Winston Salem, NC 27107-1943 | NC | 2002-11 | $85,117 |
| 17 | Ghana Rock | 8307 Laurel Run Dr, Charlotte, NC 28269 | NC | 2012-12 | $66,238 |
| 18 | Golf 912 | 5605 Carnegie Blvd Suite 110, Charlotte, NC 28209 | NC | 2010-06 | $54,533 |
| 19 | Halifax Helps Inc | PO BOX 667, Enfield, NC 27823-0667 | NC | 2009-04 | $54,395 |
| 20 | Showing Our Hearts For Kids Inc | 12 Terrapin Trl, Flat Rock, NC 28731-9633 | NC | 2007-11 | $45,857 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,544 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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