Logic Ministries in Kernersville, North Carolina (NC)
Table of contents:
| Logic Ministries | |
| Employer Identification Number (EIN) | 311557804 |
| Name of Organization | Logic Ministries |
| In Care of Name | Chuck Catanese |
| Address | 301 Southwood Dr, Kernersville, NC 27284-7946 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Missionary activities |
| Subsection | Religious Organization |
| Ruling Date | 05/1998 |
| 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 | $4,920 |
| Amount of Income | $40,665 |
| Form 990 Revenue Amount | $40,665 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Christian |
Non-representatives - add comments:
Amount of income in 2013: $40,665 (it was $38,893 in 2012)
| Logic Ministries: | $40,665 |
| Other organizations performing similar types of work: | $266,106 |
Assets in 2013: $4,920 (it was $4,595 in 2012)
| This organization: | $4,920 |
| Other organizations performing similar types of work: | $413,935 |
Expenses in 2013: $40,340
| Logic Ministries: | $40,340 |
| Other organizations performing similar types of work: | $144,402 |
Income to expenses ratio in 2013: 1.0
| Logic Ministries: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 51.8% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $53,168 | $38,893 | $40,665 |
| Contributions, gifts, grants, and similar amounts received | $53,168 | $38,893 | $40,665 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $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 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $42,285 | $45,241 | $40,340 |
| Total net assets | $10,943 | $4,595 | $4,920 |
| Excess/Deficit for the year | $10,883 | $-6,348 | $325 |
| Net assets or fund balances at beginning of year | $60 | $10,943 | $4,595 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $4,595 | $4,920 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $10,943 | $4,595 | $4,920 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $10,943 | $4,595 | $4,920 |
| 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: | A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
1 User Review:
rev. k. vinod kumar
Added on Dec 26, 2014 10:04 AM
IP: 175.101.54.xxx
Visited on Dec 26, 2014 9:00 PM
Would you recommend Logic Ministries to others? Yes
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Steer Inc | PO BOX 1236, Bismarck, ND 58502-1236 | ND | 1962-09 | $3,031,662 |
| 2 | Missionary Advancement | 62 Leather Oak Trl, Clayton, NC 27520-3655 | NC | 1984-12 | $558,032 |
| 3 | Tulsa Christian Foundation Inc | PO BOX 4834, Tulsa, OK 74159-0834 | OK | 1969-05 | $348,272 |
| 4 | Logic Ministries | 301 Southwood Dr, Kernersville, NC 27284-7946 | NC | 1998-05 | $40,665 |
| 5 | Religious Ministries Fund, Namaste | Po Box 86442, Portland, OR 97286-0442 | OR | 1987-12 | $34,994 |
| 6 | Korean-American Presbyterian Missions Inc | 21083 Gary Dr, Hayward, CA 94546-6136 | CA | 1995-02 | $10 |
| 7 | Advent Christian Church Building Loan Fund Inc | PO BOX 23152, Charlotte, NC 28227-3152 | NC | 1981-05 | $0 |
| 8 | Androscoggin Valley Bread Of Life Christian Center | PO BOX 555, Berlin, NH 03570-0555 | NH | 1997-09 | $0 |
| 9 | Association Of Christians United In Philanthropy | 10076 Oakwood Dr, El Paso, TX 79924 | TX | 1998-04 | $0 |
| 10 | Christian Missionary Fellowship Of Pennsylvania | 362 Maple Ave, Southampton, PA 18966-3524 | PA | 1973-01 | $0 |
| 11 | Church Fellowship International Inc | 1519 Young St, Henderson, TX 75654-4625 | TX | 1991-03 | $0 |
| 12 | Church Of Scientology Flag Ship Service Organization Inc, Flag Ship Service Org | 118 N Fort Harrison Ave, Clearwater, FL 33755-4019 | FL | 1997-11 | $0 |
| 13 | Friendship Baptist Church | PO BOX 19536, Rochester, NY 14619-0536 | NY | 1996-02 | $0 |
| 14 | Global Vision | 3735 Ridge Line Drive, San Bernardino, CA 92407 | CA | 1977-10 | $0 |
| 15 | Loizeaux Brothers Inc | 100 S Charles St Ste 1401, Baltimore, MD 21201-2703 | MD | 1947-01 | $0 |
| 16 | Nehemiah Foundation | 3000 County Rd 42 W Ste 300, Burnsville, MN 55337-4827 | MN | 1986-12 | $0 |
| 17 | New Vision Full Gospel Baptist Church | 209 4th Ave, East Orange, NJ 07017-4803 | NJ | 1997-02 | $0 |
| 18 | Spirit Of Peace Missionary Baptist Church | 4300 Belrad Dr, Louisville, KY 40218-3604 | KY | 1996-06 | $0 |
| 19 | Word International Fellowship Inc | PO BOX 2816, North Babylon, NY 11703-0816 | NY | 1996-09 | $0 |
| 20 | Zion Evangelical Lutheran Endowment Fund Inc | 508 Mentor Ave, Painesville, OH 44077-2628 | OH | 1996-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 39 | ||||||||||||||||||||||||||||||||||||||||||||||||
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