Downtown Greensboro Foundation in Greensboro, North Carolina (NC)
Table of contents:
| Downtown Greensboro Foundation | |
| Employer Identification Number (EIN) | 562242416 |
| Name of Organization | Downtown Greensboro Foundation |
| In Care of Name | Jason A Cannon |
| Address | 122 N Elm St Ste 609, Greensboro, NC 27401-2818 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2001 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $187,411 |
| Amount of Income | $112,736 |
| Form 990 Revenue Amount | $102,480 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Historical Societies, Related Historical Activities |
Non-representatives - add comments:
Amount of income in 2014: $112,736 (it was $175,689 in 2013)
| Downtown Greensboro Foundation: | $112,736 |
| Other organizations performing similar types of work: | $32,954 |
Assets in 2014: $187,411 (it was $221,113 in 2013)
| This organization: | $187,411 |
| Other organizations performing similar types of work: | $59,539 |
Expenses in 2014: $143,466
| Downtown Greensboro Foundation: | $143,466 |
| Other organizations performing similar types of work: | $21,061 |
Income to expenses ratio in 2014: 0.8
| Downtown Greensboro Foundation: | 0.8 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2014: 12.5%
| This organization: | 12.5% |
| Other organizations performing similar types of work: | 2.1% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $102,480 | |||
| Contributions, gifts, grants, and similar amounts received | $12,775 | |||
| Program service revenue including government fees and contracts | $99,798 | |||
| Membership dues and assessments | $0 | |||
| Investment income | $163 | |||
| Gain/Loss from sale of assets other than inventory | $-10,256 | |||
| Gross amount from sale of assets other than inventory | $0 | |||
| Less: cost or other basis and sales expenses | $10,256 | |||
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | |||
| Other revenue | $0 | |||
| Total expenses | $143,466 | |||
| Total net assets | $139,127 | |||
| Excess/Deficit for the year | $-40,986 | |||
| Net assets or fund balances at beginning of year | $180,113 | |||
| Other changes in net assets or fund balances | $0 | |||
| Net assets or fund balances at end of year | $139,127 | |||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $161,268 | $209,772 | $221,113 | $187,411 |
| Total liabilities | $14 | $40,000 | $41,000 | $48,284 |
| Net assets or fund balances | $139,127 | |||
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |||
| Were any significant changes made to the organizing or governing documents? | No | |||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | Yes | |||
| Has the organization filed a Form 990-T for the year? | Yes | Yes | Yes | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |||
| Amount of political expenditures, direct or indirect | $0 | |||
| Did the organization file Form 1120-POL for this year? | 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 | |||
| Total amount involved | $0 | |||
| Initiation fees and capital contributions | $0 | |||
| Gross receipts for public use of club facilities | $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 | |||
| 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 2014) | |
| 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) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Seventh Regiment Armory Conservancy Inc | 643 Park Ave 2nd Floor, New York, NY 10065-6122 | NY | 2000-07 | $20,230,835 |
| 2 | Town Hall Association | 1119 8th Ave, Seattle, WA 98101-2738 | WA | 2000-06 | $3,724,169 |
| 3 | Tri-State Warbird Museum | 4021 Borman Dr, Batavia, OH 45103-1684 | OH | 2003-08 | $1,348,020 |
| 4 | Yl-37 Group Foundation Inc | 14157 E 580 Rd, Inola, OK 74036-5227 | OK | 2001-05 | $646,555 |
| 5 | Roxbury Bandshell Preservation Alliance | 1618 Sunshine Ave, Johnstown, PA 15905-1849 | PA | 2008-09 | $69,026 |
| 6 | Us Marshals Museum Inc | 14 N 3rd St Ste D, Fort Smith, AR 72901-1476 | AR | 2008-02 | $59,562 |
| 7 | The War Memorial Foundation | 5411-D West Friendly Avenue, Greensboro, NC 27410 | NC | 2009-07 | $1,246,042 |
| 8 | Friends Of The Battleship North Carolina Inc | P O Box 480, Wilmington, NC 28402 | NC | 1987-03 | $883,524 |
| 9 | Dallas Historic Courthouse Foundation | 210 N Holland St, Dallas, NC 28034-1625 | NC | 2012-08 | $673,200 |
| 10 | Cashiers Historical Society Inc | PO BOX 104, Cashiers, NC 28717-0104 | NC | 2009-05 | $559,752 |
| 11 | Southern Appalachian Historical Association | PO BOX 295, Boone, NC 28607-0295 | NC | 1961-01 | $281,399 |
| 12 | Jan Karski Educational Foundation % Wanda M Urbanski | 1807 Sunset Drive, Raleigh, NC 27608 | NC | 2013-03 | $171,625 |
| 13 | Triangle Modernist Archive Inc, Triangle Modernist Houses | 5409 Pelham Rd, Durham, NC 27713-2533 | NC | 2009-08 | $156,013 |
| 14 | Silas Alexander Sharpe Foundation Inc | PO BOX 1189, Statesville, NC 28687-1189 | NC | 2005-10 | $103,264 |
| 15 | Marian Cheek Jackson Center For Saving And Making History | 512 West Rosemary St, Chapel Hill, NC 27516 | NC | 2013-07 | $94,558 |
| 16 | Society For The Preservation Of Historic Oakwood | PO BOX 27283, Raleigh, NC 27611-7283 | NC | 1975-03 | $91,632 |
| 17 | Granville County Veterans Memorial Corp | Po Box 2057, Oxford, NC 27565 | NC | 2013-05 | $76,669 |
| 18 | The Highlands Historical Preservation Society Inc | PO BOX 670, Highlands, NC 28741-0670 | NC | 2000-06 | $76,602 |
| 19 | Friends Of Bentonville Battlefield Inc | 146 Slaney Loop, Winterville, NC 28590 | NC | 2012-11 | $57,194 |
| 20 | Vineland Station Inc | PO BOX 2087, Whiteville, NC 28472-7087 | NC | 2002-09 | $48,015 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,505 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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