Equitas Inc in Charlotte, North Carolina (NC)
Table of contents:
| Equitas Inc | |
| Employer Identification Number (EIN) | 261080217 |
| Name of Organization | Equitas Inc |
| Address | 300 W 5th St Apt 215, Charlotte, NC 28202-1562 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2007 |
| 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 | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $29,383 |
| Amount of Income | $50,204 |
| Form 990 Revenue Amount | $50,204 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $50,204 (it was $28,887 in 2013)
| Equitas Inc: | $50,204 |
| Other organizations performing similar types of work: | $108,668 |
Assets in 2014: $29,383 (it was $20,492 in 2013)
| This organization: | $29,383 |
| Other organizations performing similar types of work: | $203,425 |
Expenses in 2013: $30,868
| Equitas Inc: | $30,868 |
| Other organizations performing similar types of work: | $51,903 |
Income to expenses ratio in 2013: 1.6
| This organization: | 1.6 |
| Other organizations performing similar types of work: | 2.4 |
Grants share in income in 2013: 100.0%
| Equitas Inc: | 100.0% |
| Other organizations performing similar types of work: | 33.3% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $49,709 | $37,327 | $28,887 |
| Contributions, gifts, grants, and similar amounts received | $49,709 | $37,327 | $28,887 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $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 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $55,247 | $40,777 | $30,868 |
| Total net assets | $25,923 | $22,473 | $20,492 |
| Excess/Deficit for the year | $-5,538 | $-3,450 | $-1,981 |
| Net assets or fund balances at beginning of year | $31,461 | $25,923 | $22,473 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $22,473 | $20,492 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $25,923 | $22,473 | $20,492 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $25,923 | $22,473 | $20,492 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | 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 | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $313,703 |
| Subtotal | $313,703 |
| Gifts, grants, contributions, and membership fees received | $313,703 |
| 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 | $313,703 |
| Public support | $313,703 |
| 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 | Bjh Foundation For Senior Services | PO BOX 10383, Greensboro, NC 27404-0383 | NC | 2006-05 | $2,022,801 |
| 2 | Claude M And Nerine Brock Elrod Endowment Trust 5113898029 | 1 W 4th St, Winston Salem, NC 27101-3818 | NC | 2000-10 | $3,050,789 |
| 3 | W Byron Wolfe Tri-County Charitable Foundation Inc | PO BOX 254, Elkin, NC 28621-0254 | NC | 2009-02 | $194,476 |
| 4 | Willie Little Trust 738844900 Fbo, Mercy Ministries | 1525 W Wt Harris Blvd, Charlotte, NC 28288-0001 | NC | 2000-10 | $184,432 |
| 5 | Parents Advisory League Of Starlite Gymnastics & Cheerleading Academy | 804 Mcbrayer Homestead Rd, Shelby, NC 28152 | NC | 2004-06 | $98,356 |
| 6 | Horsepower Foundation | 8001 Leabourne Rd, Colfax, NC 27235-9702 | NC | 2013-11 | $95,350 |
| 7 | Triangle Family Services Endowment | 3937 Western Blvd, Raleigh, NC 27606-1936 | NC | 2004-06 | $8 |
| 8 | Beracah Mission Inclusive Inc | 420 S Broad St, Winston Salem, NC 27101-5025 | NC | 2011-05 | $0 |
| 9 | Change Within Foundation | 1928 Randolph Rd Ste 208, Charlotte, NC 28207-1105 | NC | 2013-09 | $0 |
| 10 | Fossl Inc Friends Of Senior Services League, Fossl | 4322 Ashley Park Dr, Wilmington, NC 28412-8234 | NC | 2004-10 | $0 |
| 11 | Friends Of The Senior Center Of Person County | 121 Depot Street, Roxboro, NC 27573 | NC | 2011-08 | $0 |
| 12 | Gaugin Foundation, Smith Jr James S Ttee | 1113 Merchant Ln, Carolina Bch, NC 28428-4716 | NC | 2000-12 | $0 |
| 13 | Grace Martin Harwell Senior Center Partners Inc | 310 W Main Street, Washington, NC 27889 | NC | 2011-01 | $0 |
| 14 | K V Bridge | 7 South Indiancreek Place, Durham, NC 27703 | NC | 2014-08 | $0 |
| 15 | Metrolina Association For The Blind Foundation | 704 Louise Ave, Charlotte, NC 28204-2128 | NC | 2000-02 | $0 |
| 16 | Project Freshstart | 203 Josie Ln, Sanford, NC 27332-2814 | NC | 2003-11 | $0 |
| 17 | Say Neigh To Cancer | 229 Plantation Lane, Advance, NC 27006 | NC | 2014-07 | $0 |
| 18 | Sudan Rowan Inc | 576 Adrian Road, Salisbury, NC 28416 | NC | 2008-11 | $0 |
| 19 | Supporters Of Guardians Ad Litem Inc | Po Box 33, Clemmons, NC 27012 | NC | 2014-08 | $0 |
| 20 | The Windsong Foundation | 1525 E Franklin St Ste 5b, Chapel Hill, NC 27514-2811 | NC | 2000-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 699 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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