Forest Foundation Inc in Durham, North Carolina (NC)
Table of contents:
| Forest Foundation Inc | |
| Employer Identification Number (EIN) | 562274953 |
| Name of Organization | Forest Foundation Inc |
| Address | 1410 Cross St, Durham, NC 27701-4202 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2002 |
| 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 | $3,436 |
| Amount of Income | $45,464 |
| Form 990 Revenue Amount | $45,464 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: International Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $45,464 (it was $40,365 in 2012)
| This organization: | $45,464 |
| Other organizations performing similar types of work: | $99,013 |
Assets in 2013: $3,436 (it was $5,133 in 2012)
| This organization: | $3,436 |
| Other organizations performing similar types of work: | $45,750 |
Expenses in 2013: $37,392
| This organization: | $37,392 |
| Other organizations performing similar types of work: | $86,083 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 15.6%
| This organization: | 15.6% |
| Other organizations performing similar types of work: | 99.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $86,578 | $40,365 | $45,464 |
| Contributions, gifts, grants, and similar amounts received | $62,003 | $5,990 | $7,100 |
| Program service revenue including government fees and contracts | $24,575 | $34,375 | $36,364 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $2,000 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $2,000 |
| Less: cost or other basis and sales expenses | $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 | $83,721 | $44,230 | $37,392 |
| Total net assets | $-8,055 | $-11,920 | $-3,848 |
| Excess/Deficit for the year | $2,857 | $-3,865 | $8,072 |
| Net assets or fund balances at beginning of year | $-10,912 | $-8,055 | $-11,920 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-8,055 | $-11,920 | $-3,848 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $8,299 | $5,133 | $3,436 |
| Total liabilities | $16,354 | $17,053 | $7,284 |
| Net assets or fund balances | $-8,055 | $-11,920 | $-3,848 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 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 | $299,215 |
| Subtotal | $299,215 |
| Gifts, grants, contributions, and membership fees received | $108,778 |
| 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 | $190,437 |
| 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 | $299,216 |
| Public support | $299,215 |
| Subtotal | $1 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1 |
| 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 | U S Russia Foundation For Ecnomic Advancement And The Rule Of Law | 137 Mitchells Chance Rd Ste 140, Edgewater, MD 21037-2793 | MD | 2004-12 | $19,002,971 |
| 2 | Mastercard Foundation | Local, Canada | international | 2010-04 | $263,927,813 |
| 3 | Junior Achievement International China Inc | 13300 Durant Rd, Raleigh, NC 27614-9199 | NC | 2007-09 | $2,917,522 |
| 4 | Ten Thousand Villages Of Greensboro Inc | 1564 Highwoods Blvd Ste A, Greensboro, NC 27410-2058 | NC | 2005-04 | $475,537 |
| 5 | Global Impact Resources Incorporated | PO BOX 3012, Greenville, NC 27836-1012 | NC | 2005-09 | $469,157 |
| 6 | Kenya Partners | 1815 Brunswick Ct, High Point, NC 27262-4565 | NC | 2010-03 | $344,022 |
| 7 | A Ban Against Neglect Inc | Suite 104 133 1/2 East Franklin St, Chapel Hill, NC 27514 | NC | 2011-01 | $256,639 |
| 8 | Sunica Inc | 104 Misty Ct, Cary, NC 27513 | NC | 2010-06 | $106,081 |
| 9 | Forest Foundation Inc | 1410 Cross St, Durham, NC 27701-4202 | NC | 2002-05 | $45,464 |
| 10 | Nexus Urban Serve | PO BOX 32454, Charlotte, NC 28232 | NC | 2001-07 | $27,792 |
| 11 | Telecommunion Haiti Inc | 3901 Rose Lake Dr, Charlotte, NC 28217-2836 | NC | 2005-08 | $3,068 |
| 12 | Bottom Rung Inc | 17601 River Ford Dr, Davidson, NC 28036-8844 | NC | 2011-09 | $1,397 |
| 13 | Marina-Huerta Educationalfoundation Inc | 78 Pine Cone Dr, Asheville, NC 28805-2542 | NC | 2006-11 | $7 |
| 14 | Kingsmark Global | 3608-200 Davis Dr 229, Morrisville, NC 27560 | NC | 2010-08 | $0 |
| 15 | Kinterra Strategies Inc | Po Box 749, Waxhaw, NC 28173 | NC | 2011-02 | $0 |
| 16 | Knowledge Well Inc | Po Box 2811, Chapel Hill, NC 27515 | NC | 2008-06 | $0 |
| 17 | Meniscus Inc | 188 Ramsey Hollow Ln, Banner Elk, NC 28604-6721 | NC | 2008-08 | $0 |
| 18 | Sangamithra Foundation | Po Box 78871, Charlotte, NC 28271 | NC | 2012-08 | $0 |
| 19 | Seeds And Love Together Inc, Salt | 2718 S 17th St Apt B, Wilmington, NC 28412-6682 | NC | 2014-08 | $0 |
| 20 | The Kanu Foundation | 6042 The Plaza, Charlotte, NC 28205 | NC | 2010-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 680 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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