Imagination Ashe in Jefferson, North Carolina (NC)
Table of contents:
| Imagination Ashe | |
| Employer Identification Number (EIN) | 271391358 |
| Name of Organization | Imagination Ashe |
| Address | PO BOX 1745, Jefferson, NC 28640-1745 |
| Subsection | Educational Organization |
| Ruling Date | 05/2010 |
| 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 | 06/2013 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $6,296 |
| Amount of Income | $5,505 |
| Form 990 Revenue Amount | $17,490 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Remedial Reading, Reading Encouragement |
Non-representatives - add comments:
Amount of income in 2013: $5,505 (it was $13,604 in 2012)
| Imagination Ashe: | $5,505 |
| Other organizations performing similar types of work: | $60,013 |
Assets in 2013: $6,296 (it was $7,029 in 2012)
| Imagination Ashe: | $6,296 |
| Other organizations performing similar types of work: | $24,444 |
Expenses in 2013: $18,947
| Imagination Ashe: | $18,947 |
| Other organizations performing similar types of work: | $56,929 |
Income to expenses ratio in 2013: 0.3
| This organization: | 0.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 45.2%
| This organization: | 45.2% |
| Other organizations performing similar types of work: | 98.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $21,021 | $13,604 | $17,490 |
| Contributions, gifts, grants, and similar amounts received | $20,964 | $6,438 | $7,900 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $57 | $45 | $47 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $7,121 | $9,543 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $9,693 | $10,465 |
| Less: direct expenses from gaming and fundraising events | $0 | $2,572 | $922 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $13,643 | $12,871 | $18,947 |
| Total net assets | $7,378 | $7,029 | $5,572 |
| Excess/Deficit for the year | $7,378 | $733 | $-1,457 |
| Net assets or fund balances at beginning of year | $0 | $6,296 | $7,029 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $7,029 | $5,572 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $7,378 | $7,029 | $5,572 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $7,378 | $7,029 | $5,572 |
| 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 | $60,938 |
| Subtotal | $60,938 |
| Gifts, grants, contributions, and membership fees received | $60,938 |
| 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 | $61,114 |
| Public support | $60,938 |
| Subtotal | $176 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $176 |
| 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 | Faith And Love Enrichment Center Inc | 809 Greensboro Rd, High Point, NC 27260-2653 | NC | 2010-06 | $545,739 |
| 2 | Southeastern Regional Reading Recovery Association | 217 Oakleaf Dr, Wilmington, NC 28403-4510 | NC | 1999-09 | $152,804 |
| 3 | Book Harvest | 5802 Brisbane Drive, Chapel Hill, NC 27514 | NC | 2011-08 | $127,074 |
| 4 | Studentfirst Academy Inc | PO BOX 110, Rutherfordton, NC 28139-0110 | NC | 2002-01 | $122,292 |
| 5 | Clyde Campbell Elementary School Pta | 2121 35th Avenue Dr Ne, Hickory, NC 28601-9264 | NC | 2010-12 | $73,281 |
| 6 | If I Can Read I Can Win | 914 Martin Luther King Blvd, Siler City, NC 27344-2650 | NC | 2010-11 | $5,994 |
| 7 | Imagination Ashe | PO BOX 1745, Jefferson, NC 28640-1745 | NC | 2010-05 | $5,505 |
| 8 | Rosetta C Baldwin Foundation | 1408 R C Baldwin Ave, High Point, NC 27260 | NC | 2005-04 | $5,350 |
| 9 | African-American Community Reading Project Inc | Po Box 301, Hendersonville, NC 28793 | NC | 2007-09 | $0 |
| 10 | And His Glory Shines Inc | PO BOX 61309, Raleigh, NC 27661-1309 | NC | 2008-05 | $0 |
| 11 | Bridging The Gap Tutorial Service | 4505 Staffordshire Ln, Charlotte, NC 28213-4237 | NC | 2003-12 | $0 |
| 12 | Buffalo Creek Literacy Project | Po Box 626, Germanton, NC 27019 | NC | 2005-07 | $0 |
| 13 | Build A Reader | 5933 Big Sandy Dr, Raleigh, NC 27616-5788 | NC | 2013-08 | $0 |
| 14 | Can She Read Literacy Program | 3976 Bald Mtn Road, Burnsville, NC 28714 | NC | 2010-08 | $0 |
| 15 | Carter Institute For Literacy | 10414 Partridgeberry Dr, Charlotte, NC 28213 | NC | 2009-05 | $0 |
| 16 | Center For Educational Excellence Inc | 8426 Medical Plaza Dr Ste 400, Charlotte, NC 28262-8901 | NC | 2011-02 | $0 |
| 17 | Cheereaders | 431 Westbourne Court, Kernersville, NC 27284 | NC | 2009-08 | $0 |
| 18 | Damascus Outreach Association Inc | 739 Hwy 137, Eure, NC 27935 | NC | 2015-01 | $0 |
| 19 | Dream America | 104 S Meade St, Greenville, NC 27858-2124 | NC | 2002-01 | $0 |
| 20 | Drop Zone Teen Center Inc | 8726 Terra Cotta Dr, Charlotte, NC 28215-9549 | NC | 2006-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,535 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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