Drive Incorporated in Charlotte, North Carolina (NC)
Table of contents:
| Drive Incorporated | |
| Employer Identification Number (EIN) | 462315047 |
| Name of Organization | Drive Incorporated |
| In Care of Name | Sydney Duarte |
| Address | 6000 Fairview Rd Ste 350, Charlotte, NC 28210-3292 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/2014 |
| 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 | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $1,593 |
| Amount of Income | $41,000 |
| Form 990 Revenue Amount | $41,000 |
| National Taxonomy of Exempt Entities (NTEE) | Youth Development: Youth Development Programs, Other |
Non-representatives - add comments:
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $41,000 |
| Contributions, gifts, grants, and similar amounts received | $41,000 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $42,906 |
| Total net assets | $-1,906 |
| Excess/Deficit for the year | $-1,906 |
| Net assets or fund balances at beginning of year | $0 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $-1,906 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $1,593 |
| Total liabilities | $3,499 |
| Net assets or fund balances | $-1,906 |
| Other Information | |
| 2013 | |
|---|---|
| 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 | No |
| Has the organization filed a Form 990-T for the year? | No |
| 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 |
| 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 | $41,000 |
| Subtotal | $41,000 |
| Gifts, grants, contributions, and membership fees received | $41,000 |
| 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 | $0 |
| 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 | $41,000 |
| Public support | $41,000 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Cure Ahc Foundation | 545 Irina Dr, Rolesville, NC 27571-9338 | NC | 2013-09 | $45,968 |
| 2 | Dancing To Learn | 5912 Billet Rd, Oak Ridge, NC 27310-9724 | NC | 2014-03 | $4 |
| 3 | Davenport Family Foundation | 1300 Glennis Ct, Wake Forest, NC 27587-6568 | NC | 2014-01 | $335,572 |
| 4 | David Ew Schlosser Foundation For Mental Health Inc | 908 Sunset Dr, Greensboro, NC 27408-7206 | NC | 2014-07 | $102,105 |
| 5 | Daylight Community Arts Foundation Inc | 121 W Margaret Ln Ste D, Hillsborough, NC 27278-2667 | NC | 2014-10 | $424,430 |
| 6 | Dayson Diamond Youth Foundation | 3410 Cypress Pond Dr, Charlotte, NC 28269-4471 | NC | 2013-08 | $2,000 |
| 7 | Deaf Seniors Of North Carolina | 110 N River Glen Dr, Morganton, NC 28655-9881 | NC | 2014-02 | $8,048 |
| 8 | Diamond Development | 111 Mackeydr, Elizabeth City, NC 27909 | NC | 2014-04 | $40 |
| 9 | Directors Institute Inc | 4464 Arendell St Ste A, Morehead City, NC 28557 | NC | 2014-01 | $70,506 |
| 10 | Divine Spirituals Youth Org | 4520 Auburn Church Rd, Garner, NC 27529-8767 | NC | 2012-12 | $3,235 |
| 11 | Drive Incorporated | 6000 Fairview Rd Ste 350, Charlotte, NC 28210-3292 | NC | 2014-03 | $41,000 |
| 12 | Duke S Animal Haven Inc | 25 Tracy Ln, Waynesville, NC 28786-7548 | NC | 2014-07 | $228,161 |
| 13 | Eceyhc Inc | PO BOX 2064, Wake Forest, NC 27588-2064 | NC | 2014-07 | $362,740 |
| 14 | Edge Family Foundation Inc | 216 Weston Estates Way, Morrisville, NC 27560-6988 | NC | 2014-07 | $101 |
| 15 | Elevenone Athletics Inc | 5404 Cotton Top Ct, Waxhaw, NC 28173-7098 | NC | 2013-09 | $66,001 |
| 16 | Eva M Kirkland Charitable Tr Uad 12101997 | 1 W Fourth St 2nd Fl, Winston-Salem, NC 27101-3818 | NC | 2014-09 | $625,567 |
| 17 | Evelyn D Schmidt Charitable Tr, Evelyn D Schmidt Et Al Ttee | 1417 W Pettigrew St, Durham, NC 27705-4820 | NC | 2014-08 | $119,984 |
| 18 | Farmers Union Developmental Day Care Inc | 903 Farmers Union Rd, Clarkton, NC 28433-7920 | NC | 1998-01 | $100,290 |
| 19 | Fhg International | 6809 Orchard Ridge Dr, Charlotte, NC 28227-3318 | NC | 2013-08 | $166,000 |
| 20 | Filipino-American Spirit Inc | 5100 Old Plantation Ln, Charlotte, NC 28226-3224 | NC | 2014-05 | $20,557 |
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