Friends Of The Oak Island Lighthouse in Caswell Beach, North Carolina (NC)
Table of contents:
| Friends Of The Oak Island Lighthouse | |
| Employer Identification Number (EIN) | 202548830 |
| Name of Organization | Friends Of The Oak Island Lighthouse |
| In Care of Name | Susan Dicerto Secretarytreasurer |
| Address | 1100 Caswell Beach Rd, Caswell Beach, NC 28465-8437 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2005 |
| 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 | 06/2014 |
| 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 | $49,640 |
| Amount of Income | $22,038 |
| Form 990 Revenue Amount | $11,540 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Historical Societies, Related Historical Activities |
Non-representatives - add comments:
Amount of income in 2014: $22,038 (it was $14,329 in 2013)
| This organization: | $22,038 |
| Other organizations performing similar types of work: | $32,954 |
Assets in 2014: $49,640 (it was $43,322 in 2013)
| This organization: | $49,640 |
| Other organizations performing similar types of work: | $59,539 |
Expenses in 2014: $5,222
| Friends Of The Oak Island Lighthouse: | $5,222 |
| Other organizations performing similar types of work: | $21,061 |
Income to expenses ratio in 2014: 4.2
| This organization: | 4.2 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2014: 60.1%
| This organization: | 60.1% |
| Other organizations performing similar types of work: | 2.1% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $8,512 | $6,862 | $11,540 |
| Contributions, gifts, grants, and similar amounts received | $2,719 | $4,605 | $6,939 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $6 | $6 | $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 | $5,775 | $2,251 | $4,601 |
| Gross sales of inventory, less returns and allowances | $12,282 | $9,718 | $15,099 |
| Less: cost of goods sold | $6,507 | $7,467 | $10,498 |
| Other revenue | $12 | $0 | $0 |
| Total expenses | $3,763 | $5,149 | $5,222 |
| Total net assets | $41,609 | $43,322 | $49,640 |
| Excess/Deficit for the year | $4,749 | $1,713 | $6,318 |
| Net assets or fund balances at beginning of year | $36,860 | $41,609 | $43,322 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $41,609 | $43,322 | $49,640 |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $41,609 | $43,322 | $49,640 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $41,609 | $43,322 | $49,640 |
| 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: | 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $84,373 |
| Subtotal | $84,373 |
| Gifts, grants, contributions, and membership fees received | $20,094 |
| 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 | $64,279 |
| 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 | $84,654 |
| Public support | $84,373 |
| Subtotal | $106 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $106 |
| 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 | $175 |
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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 |
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| Total | 10,505 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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