Hopespring Village in Cary, North Carolina (NC)

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Hopespring Village
Employer Identification Number (EIN)461033863
Name of OrganizationHopespring Village
In Care of NameLorraine Z Leahy - President
AddressPo Box 4466, Cary, NC 27519
Websitehttp://www.hopespringvillage.com
SubsectionCharitable Organization
Ruling Date01/2013
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$325,486
Amount of Income$251,024
Form 990 Revenue Amount$233,859
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Developmentally Disabled Centers, Services


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Amount of income in 2012: $251,024 (it was $233,859 in 2013)
This organization: 

 $251,024
Other organizations performing similar types of work: 

 $161,572

Assets in 2012: $325,486 (it was $325,486 in 2013)
This organization: 

 $325,486
Other organizations performing similar types of work: 

 $94,230

Expenses in 2013: $39,085
This organization: 

 $39,085
Other organizations performing similar types of work: 

 $153,276

Income to expenses ratio in 2013: 6.4
Hopespring Village: 

 6.4
Other organizations performing similar types of work: 

 0.9

Grants share in income in 2013: 68.6%
Hopespring Village: 

 68.6%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$233,859
Contributions, gifts, grants, and similar amounts received$160,312
Program service revenue including government fees and contracts$30,468
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$43,078
Gross income from gaming$0
Gross income from fundraising events$60,243
Less: direct expenses from gaming and fundraising events$17,165
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$39,085
Total net assets$70,984
Excess/Deficit for the year$194,774
Net assets or fund balances at beginning of year$-19,375
Other changes in net assets or fund balances$-104,415
Net assets or fund balances at end of year$90,484
Balance Sheets
2013
Total assets$325,486
Total liabilities$254,502
Net assets or fund balances$70,984
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 activitiesNo
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$147,962
Subtotal$190,781
Gifts, grants, contributions, and membership fees received$160,312
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$30,469
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$147,962
Amounts received from disqualified persons$190,981
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$43,019
Public support$43,019
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$190,981
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
IdNameAddressStateEstablishedTotal Income
1Shining Hope Farms328 Whippoorwill Ln, Mount Holly, NC 28120-9765NC2002-08$373,380
2Max And Friends1121 Montpelier Dr, Greensboro, NC 27410-4423NC2011-09$317,885
3Hopespring VillagePo Box 4466, Cary, NC 27519NC2013-01$251,024
4Triangle Down Syndrome Network IncPO BOX 37305, Raleigh, NC 27627-7305NC1999-02$122,189
5Rising Hope Farms Inc3775 Bethany Church Rd, Claremont, NC 28610NC2009-11$80,390
6Ross Creek Housing IncPO BOX 547, Arden, NC 28704-0547NC2003-04$53,493
7The@intensive Care Learning Center IncPO BOX 6, Winston Salem, NC 27102-0006NC2007-08$26,096
8Bridges Pointe Housing CorporationDUMC PO BOX 2813, Durham, NC 27701NC2014-05$12,664
9Winners Plus IncPO BOX 16689, Charlotte, NC 28297-6689NC2002-08$10,000
10Onslow Commission For Persons With DisabilitiesPO BOX 244, Jacksonville, NC 28541-0244NC2013-06$8,825
11Jason S Getaway4011 Nevin Rd, Charlotte, NC 28269-4361NC2013-11$6,189
12Miracles In Motion901 Skinners Ridge Rd, Raleigh, NC 27614NC2014-09$2,000
13Whiteville Adult Day Care Services IncPO BOX 1023, Whiteville, NC 28472NC2008-03$1,000
14A Safe Haven Independent Living Ser Vices1204 Cotten Farm Dr, Fuquay Varina, NC 27526-1766NC2008-01$0
15Amys Angels Charity Group Inc421 Copeland Park, Mount Holly, NC 28120NC2014-10$0
16Applegarth Foundation Inc1220 Rich Hill Rd, Creston, NC 28615-8959NC2000-02$0
17Carolinas Exceptional Youth Athletes3901 Franklin Meadows Dr, Matthews, NC 28105-6932NC2015-03$0
18Carpenters Way7417 Old Hundred Rd, Raleigh, NC 27613NC2006-05$0
19Community Outcomes Inc7221 Walterboro Rd, Charlotte, NC 28227-1243NC2004-09$0
20Differently Abled Neighborhood Network60 High Top Drive, Fletcher, NC 28732NC2006-10$0
Number of organizations performing similar types of work
Alaska5
Alabama27
Arkansas13
Arizona46
California216
Colorado39
Connecticut19
District of Columbia9
Delaware5
Florida120
Georgia63
Hawaii7
Iowa13
Idaho10
Illinois60
Indiana30
Kansas21
Kentucky18
Louisiana28
Massachusetts36
Maryland36
Maine11
Michigan67
Minnesota44
Missouri48
Mississippi15
Montana8
North Carolina76
North Dakota4
Nebraska14
New Hampshire11
New Jersey56
New Mexico16
Nevada7
New York122
Ohio50
Oklahoma11
Oregon40
Pennsylvania64
Rhode Island9
South Carolina30
South Dakota4
Tennessee44
Texas111
Utah9
Virginia36
Vermont8
Washington25
Wisconsin38
West Virginia14
Wyoming3
International10
Total1,826

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