Cresset Academy Educational Foundation in Durham, North Carolina (NC)
Table of contents:
| Cresset Academy Educational Foundation | |
| Employer Identification Number (EIN) | 562073623 |
| Name of Organization | Cresset Academy Educational Foundation |
| In Care of Name | Ron E Williamson |
| Address | 3707 Garrett Rd, Durham, NC 27707-2401 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 04/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 05/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $85,958 |
| Amount of Income | $41,373 |
| Form 990 Revenue Amount | $41,373 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $41,373 (it was $75,115 in 2012)
| Cresset Academy Educational Foundation: | $41,373 |
| Other organizations performing similar types of work: | $69,198 |
Assets in 2014: $85,958 (it was $112,000 in 2012)
| This organization: | $85,958 |
| Other organizations performing similar types of work: | $35,127 |
Expenses in 2012: $106,440
| This organization: | $106,440 |
| Other organizations performing similar types of work: | $43,494 |
Income to expenses ratio in 2012: 0.4
| Cresset Academy Educational Foundation: | 0.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 99.3%
| This organization: | 99.3% |
| Other organizations performing similar types of work: | 4.5% |
Revenue for 2012
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $41,532 |
| Contributions, Gifts, Grants and Other Similar Amounts | $41,257 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $275 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Gross income from fundraising events | $33,583 |
| Less: direct expenses | $33,583 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $106,440 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $106,440 |
| Balance Sheet (for 2012) | |
| Total assets | $112,000 |
| Total liabilities | $0 |
| Total net assets or fund balances | $112,000 |
| Retained earnings, endowment, accumulated income, or other funds | $112,000 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ravenwood High School Quarterback Club | 1724 Wilson Pike, Brentwood, TN 37027-8105 | TN | 2007-02 | $99,991 |
| 2 | Slocomb Band Boosters Inc | PO BOX 376, Slocomb, AL 36375-0376 | AL | 2006-12 | $54,892 |
| 3 | University Of North Carolina At Charlotte Investment Fund | 9201 University City Blvd, Charlotte, NC 28223-0001 | NC | 2004-11 | $5,725,180 |
| 4 | William Stebbins Mgmt Tua Fbo Wu 45300700 | One W Fourth St 2nd Fl, Winston Salem, NC 27101-3818 | NC | 2015-01 | $5,489,665 |
| 5 | University Of North Carolina At Pembroke Foundation Inc | PO BOX 1510, Pembroke, NC 28372-1510 | NC | 2015-04 | $5,080,787 |
| 6 | Charlotte Mecklenburg Library Foundation | 220 N Tryon St, Charlotte, NC 28202-2137 | NC | 2013-03 | $2,456,398 |
| 7 | Crossnore School Childrens Foundation | PO BOX 249, Crossnore, NC 28616-0249 | NC | 2012-09 | $2,022,690 |
| 8 | Voyager Foundation Inc | 101 Hock Parc, Durham, NC 27704-2563 | NC | 2013-01 | $1,656,965 |
| 9 | Socrates Academy Foundation Inc | 3909 Weddington Rd, Matthews, NC 28105-6673 | NC | 2009-02 | $920,336 |
| 10 | Union Academy Foundation | 675 N M L King Jr Blvd, Monroe, NC 28110-8119 | NC | 2002-03 | $804,676 |
| 11 | Phoenix Academy Foundation Inc | 7851 Clinard Farms Rd, High Point, NC 27265-9104 | NC | 2014-08 | $728,830 |
| 12 | Western North Carolina Regional Education Foundation | PO BOX 1709, Enka, NC 28728-1709 | NC | 2009-09 | $713,109 |
| 13 | The Charles J Rich Dora A Rich And Robert A Rich Educational Tr Fund | 1 W 4th St D4000-041, Winston Salem, NC 27101-3818 | NC | 2002-06 | $651,089 |
| 14 | Cuthbertson Band Boosters | 1400 Cuthbertson Rd, Waxhaw, NC 28173-8101 | NC | 2010-12 | $262,764 |
| 15 | Bfb Foundation Inc | 1816 E 7th St, Charlotte, NC 28204-2416 | NC | 2012-08 | $253,581 |
| 16 | Strauss-Marczak Scholarship Fund 2513019312 | 1 W 4th St 4th Fl Mac D D4000-041, Winston Salem, NC 27101-3818 | NC | 2006-07 | $231,734 |
| 17 | Woods Charter School Foundation Inc | 160 Woodland Grove Ln, Chapel Hill, NC 27516-4085 | NC | 2008-02 | $202,336 |
| 18 | Husky Athletic Booster Club | 1150 Forestville Rd, Wake Forest, NC 27587-7600 | NC | 2011-04 | $196,617 |
| 19 | Porter Ridge High School Athletic Booster Club Inc | 2839 Ridge Rd, Indian Trail, NC 28079-6703 | NC | 2012-09 | $194,927 |
| 20 | Weddington Athletic Booster Club | 4901 Monroe-Weddington Road, Matthews, NC 28104-6267 | NC | 1999-05 | $182,216 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,796 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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