Downtown Kannapolis Inc in Kannapolis, North Carolina (NC)
Table of contents:
| Downtown Kannapolis Inc | |
| Employer Identification Number (EIN) | 453230743 |
| Name of Organization | Downtown Kannapolis Inc |
| Address | PO BOX 85, Kannapolis, NC 28082-0085 |
| Subsection | Chamber of Commerce |
| Ruling Date | 06/2012 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 07/2014 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $32,246 |
| Amount of Income | $18,938 |
| Form 990 Revenue Amount | $16,630 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Promotion of Business |
Non-representatives - add comments:
Amount of income in 2014: $18,938 (it was $17,311 in 2013)
| Downtown Kannapolis Inc: | $18,938 |
| Other organizations performing similar types of work: | $88,861 |
Assets in 2014: $32,246 (it was $17,287 in 2013)
| Downtown Kannapolis Inc: | $32,246 |
| Other organizations performing similar types of work: | $51,691 |
Expenses in 2014: $1,671
| Downtown Kannapolis Inc: | $1,671 |
| Other organizations performing similar types of work: | $80,127 |
Income to expenses ratio in 2014: 11.3
| This organization: | 11.3 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2014: 83.7%
| Downtown Kannapolis Inc: | 83.7% |
| Other organizations performing similar types of work: | 1.0% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $6,168 | $17,311 | $16,630 |
| Contributions, gifts, grants, and similar amounts received | $102 | $977 | $13,922 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $975 | $1,105 | $0 |
| 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 | $5,091 | $15,229 | $2,562 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $14,022 | $35,217 | $4,870 |
| Less: direct expenses from gaming and fundraising events | $8,931 | $19,988 | $2,308 |
| Gross profit/loss from sales of inventory | $0 | $0 | $146 |
| Gross sales of inventory, less returns and allowances | $0 | $0 | $146 |
| Less: cost of goods sold | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $4,191 | $2,001 | $1,671 |
| Total net assets | $1,977 | $17,287 | $32,246 |
| Excess/Deficit for the year | $1,977 | $15,310 | $14,959 |
| Net assets or fund balances at beginning of year | $0 | $1,977 | $17,287 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $1,977 | $17,287 | $32,246 |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $1,977 | $17,287 | $32,246 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $1,977 | $17,287 | $32,246 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | 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 |
| 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 | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | 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 |
| Total amount involved | $0 | $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 | 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: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Retail Merchant Assn Of Tidewater Va Inc, Ta Retail Alliance | 838 Granby St, Norfolk, VA 23510-2051 | VA | 2008-09 | $17,149,516 |
| 2 | San Joaquin Valley Winegrowers Association | 7030 N Fruit Avenue, Fresno, CA 93711-0782 | CA | 2008-11 | $175,202 |
| 3 | 441 Heritage Corridor Inc | 300 North Thomas Street, Athens, GA 30601 | GA | 2000-07 | $56,377 |
| 4 | Serc Reliability Corporation | 3701 Arco Corporate Dr Ste 300, Charlotte, NC 28273-0401 | NC | 2014-11 | $14,295,142 |
| 5 | North American Transmission Forum Inc | 9300 Harris Corners Pkwy Ste 300, Charlotte, NC 28269-3798 | NC | 2009-10 | $4,195,670 |
| 6 | Oracle Development Tools User Group Inc | 2520 Independence Blvd, Wilmington, NC 28412-2570 | NC | 2012-06 | $2,037,686 |
| 7 | Envirocert Group Exemption | 49 State St, Marion, NC 28752-4020 | NC | 2010-03 | $962,372 |
| 8 | Association Of Lens Crafters Leaseholding Doctors Inc, All Docs | 3509 Haworth Dr Ste 208, Raleigh, NC 27609-7223 | NC | 2010-02 | $958,219 |
| 9 | The North Carolina Nursery & Landscape Association Inc | 968 Trinity Rd, Raleigh, NC 27607-4940 | NC | 1982-09 | $922,269 |
| 10 | Professional Life Advisors Network Ltd, Plan | 2820 Selwyn Ave Ste 450, Charlotte, NC 28209-1790 | NC | 2013-03 | $438,667 |
| 11 | National Organization Of Rheumatology Managers | 1121 Military Cutoff No 337, Wilmington, NC 28405-3968 | NC | 2012-06 | $385,250 |
| 12 | Envirocert International Inc | 49 State St, Marion, NC 28752-4020 | NC | 2010-03 | $348,631 |
| 13 | South Carolina Retail Association | PO BOX 1030, Raleigh, NC 27602-1030 | NC | 2006-12 | $295,591 |
| 14 | Southern Atlantic Healthcare Alliance | 125 Edinburgh South Dr, Cary, NC 27511-6484 | NC | 2007-03 | $265,921 |
| 15 | Trebic Inc | 115 S Westgate Dr, Greensboro, NC 27407-1623 | NC | 1999-11 | $248,536 |
| 16 | Pinehurst Southern Pines Area Board Of Realtors Inc | 140 Turner St, Southern Pnes, NC 28387-7053 | NC | 2009-11 | $233,422 |
| 17 | Sustainable Furniture Council Inc | 100 East King St Suite 1, Edenton, NC 27932-1956 | NC | 2009-03 | $220,608 |
| 18 | North American Pet Insurance Association | PO BOX 37940, Raleigh, NC 27627-7940 | NC | 2013-04 | $211,425 |
| 19 | Nort C Defense Business Assoc | 3820 Raeford Rd, Fayetteville, NC 28304-3436 | NC | 2011-01 | $208,758 |
| 20 | National Optometric Association | 5009 Beatties Ford Rd Ste 107, Charlotte, NC 28216-2860 | NC | 2010-08 | $208,284 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 17,957 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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