Impact University in Clemmons, North Carolina (NC)
Table of contents:
| Impact University | |
| Employer Identification Number (EIN) | 300690032 |
| Name of Organization | Impact University |
| Address | PO BOX 630, Clemmons, NC 27012-0630 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2012 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 07/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $29,799 |
| Amount of Income | $129,641 |
| Form 990 Revenue Amount | $129,641 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Secondary, High School |
Non-representatives - add comments:
Amount of income in 2014: $129,641 (it was $138,062 in 2013)
| This organization: | $129,641 |
| Other organizations performing similar types of work: | $732,183 |
Assets in 2014: $29,799 (it was $31,862 in 2013)
| Impact University: | $29,799 |
| Other organizations performing similar types of work: | $278,641 |
Expenses in 2014: $132,581
| This organization: | $132,581 |
| Other organizations performing similar types of work: | $790,657 |
Income to expenses ratio in 2014: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 0.1%
| This organization: | 0.1% |
| Other organizations performing similar types of work: | 1.1% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2013 | 2014 | |
|---|---|---|
| Total revenue | $138,062 | $129,641 |
| Contributions, gifts, grants, and similar amounts received | $138,058 | $97 |
| Program service revenue including government fees and contracts | $0 | $129,538 |
| Membership dues and assessments | $4 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $6 |
| Total expenses | $124,123 | $132,581 |
| Total net assets | $31,433 | $28,493 |
| Excess/Deficit for the year | $13,939 | $-2,940 |
| Net assets or fund balances at beginning of year | $17,494 | $31,433 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $31,433 | $28,493 |
| Balance Sheets | ||
| 2013 | 2014 | |
|---|---|---|
| Total assets | $31,862 | $29,799 |
| Total liabilities | $429 | $1,306 |
| Net assets or fund balances | $31,433 | $28,493 |
| Other Information | ||
| 2013 | 2014 | |
|---|---|---|
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 2014) | |
| The organization is not a private foundation because it is: | A school described in section 170(b)(1)(A)(ii) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Aristotle Preparatory Academy | 2461 Arty Avenue, Charlotte, NC 28208 | NC | 2014-07 | $1,021,145 |
| 2 | Iron Academy | 9660 Falls Of Neuse Rd Ste 138, Raleigh, NC 27615-2435 | NC | 2012-11 | $325,525 |
| 3 | Winston-Salem Street School | 630 W 6th Street Ste 101, Winston Salem, NC 27101-1323 | NC | 2003-03 | $323,887 |
| 4 | Friends Of Independent Schools Inc | PO BOX 2156, Burlington, NC 27216-2156 | NC | 2013-02 | $131,191 |
| 5 | Impact University | PO BOX 630, Clemmons, NC 27012-0630 | NC | 2012-12 | $129,641 |
| 6 | Roseleaf Academy Inc | PO BOX 296, Farmville, NC 27828-0296 | NC | 2010-03 | $59,911 |
| 7 | Bal Perazim Christian Academy | 4921 Bragg Blvd, Fayetteville, NC 28303 | NC | 2012-06 | $0 |
| 8 | Christ The Cornerstone Academy Inc | 10401 Mccoll Rd, Laurinburg, NC 28352-9139 | NC | 2011-08 | $0 |
| 9 | Christ The King Catholic High School | 3946 Us Highway 70 E, New Bern, NC 28560-7057 | NC | 1946-03 | $0 |
| 10 | Crossroads Montessori Middle School | 51 Carrisbrooke Lane, Winston Salem, NC 27104 | NC | 2009-10 | $0 |
| 11 | Foothills Restoration Werks Inc | 1544 Cedar Lane, Wilkesboro, NC 28697 | NC | 2014-10 | $0 |
| 12 | Greator Mount Zion Learning Center, Greator Mount Zion Christian Church | 1350 Fleming School Rd, Greenville, NC 27834-6583 | NC | 2008-06 | $0 |
| 13 | Hhs Choral Booster Club | Po Box 46, Cornelius, NC 28031 | NC | 2014-11 | $0 |
| 14 | Idea Foundation | 8900 Park Rd, Charlotte, NC 28210-7609 | NC | 2015-03 | $0 |
| 15 | Providence Preparatory Academy | 2730 Northchase Pkwy Se, Wilmington, NC 28405-7420 | NC | 2014-04 | $0 |
| 16 | Regents Christian Academy Inc | Po Box 903, Clemmons, NC 27012 | NC | 2009-11 | $0 |
| 17 | Richmond Christian Academy | 289 Scott Mcdonald Rd, Rockingham, NC 28379-7723 | NC | 1999-08 | $0 |
| 18 | Visions To Stand For All Youth | 533 E Martin St, Raleigh, NC 27601-1957 | NC | 2004-08 | $0 |
| 19 | Woodbridge Academy Inc | 1480 Pamalee Dr, Fayetteville, NC 28303-3928 | NC | 2005-09 | $0 |
| 20 | Woodend Academy | 103 Falcon View Dr, Banner Elk, NC 28604-9335 | NC | 2001-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 992 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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