Loonis Mcglohon Endowment Inc in Charlotte, North Carolina (NC)
Table of contents:
| Loonis Mcglohon Endowment Inc | |
| Employer Identification Number (EIN) | 562332560 |
| Name of Organization | Loonis Mcglohon Endowment Inc |
| In Care of Name | Richard S Bean |
| Address | 18223 Rockabill Ln, Charlotte, NC 28278 |
| Subsection | Religious Organization, Charitable Organization |
| Ruling Date | 06/2003 |
| 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 | 2013 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $115,611 |
| Amount of Income | $-14,252 |
| Form 990 Revenue Amount | $-14,252 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $-14,252 (it was $0 in 2012)
| This organization: | $-14,252 |
| Other organizations performing similar types of work: | $97,827 |
Assets in 2013: $115,611 (it was $0 in 2012)
| Loonis Mcglohon Endowment Inc: | $115,611 |
| Other organizations performing similar types of work: | $207,620 |
Expenses in 2010: $8,805
| This organization: | $8,805 |
| Other organizations performing similar types of work: | $43,519 |
Income to expenses ratio in 2010: -1.6
| This organization: | -1.6 |
| Other organizations performing similar types of work: | 6.9 |
Grants share in income in 2010: -2.2%
| This organization: | -2.2% |
| Other organizations performing similar types of work: | 5.2% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2010) | |
| Total revenue | $-14,252 |
| Contributions, gifts, grants, and similar amounts received | $315 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $-14,567 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $8,805 |
| Total net assets | $115,611 |
| Deficit for the year | $-23,057 |
| Net assets or fund balances at beginning of year | $138,668 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2010) | |
| Total assets | $115,611 |
| Total liabilities | $0 |
| Net assets or fund balances | $115,611 |
| Other Information (for 2010) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2010) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010) | |
| 2006 - 2010 Total | |
|---|---|
| Total Support | $40,283 |
| Gifts, grants, contributions, and membership fees received | $7,449 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $32,834 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Billy Graham Library Endowment Tr Fund, Billy Graham Evangelistic Assoc | PO BOX 668129, Charlotte, NC 28266-8129 | NC | 2012-08 | $75,528,194 |
| 2 | St James Parish Foundation Inc | 23 South Third Street, Wilmington, NC 28401 | NC | 2003-09 | $2,706,836 |
| 3 | Durham Rescue Mission Endowment Fund | 507 E Knox St, Durham, NC 27701-1438 | NC | 2010-10 | $898,386 |
| 4 | A & M Doehler Tr, 1513893449 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2007-06 | $420,683 |
| 5 | Herman Keisler Charitable Tr | PO BOX 2907, Wilson, NC 27894-2907 | NC | 2009-01 | $280,512 |
| 6 | Christs Sanctified Holy Church Foundation Tr | 11520 Azari Ct, Raleigh, NC 27614-6579 | NC | 2014-09 | $278,564 |
| 7 | Elwood And Rosadell Martin Charitable Tr Ua Dtd 6-12-01, Harold D Russell Ttee | 4119 Masonboro Loop Rd, Wilmington, NC 28409-3642 | NC | 2008-06 | $215,491 |
| 8 | W H Lindberg Charitable Trust 016-213624 | 1 W 4th St 4th Floor, Winston Salem, NC 27101-3818 | NC | 2000-02 | $170,339 |
| 9 | Above & Beyond Missions Inc | 9735 Caldwell Commons Cir Ste 101, Cornelius, NC 28031-8136 | NC | 2014-06 | $119,950 |
| 10 | Global Cross Ministries Inc | 64 Bowen Dr, Belmont, NC 28012-9517 | NC | 2014-01 | $48,409 |
| 11 | Northgate Baptist Church Trust Uw | 101 S Tryon St, Charlotte, NC 28255-0001 | NC | 1999-03 | $42,392 |
| 12 | Healing Ground | 7628 Penns Grove Road, Summerfield, NC 27358 | NC | 2014-01 | $29,010 |
| 13 | St Stephens Durham Endowment | 82 Kimberly Dr, Durham, NC 27707-5446 | NC | 2010-03 | $8,745 |
| 14 | Christ Is Hope Foundation Inc | PO BOX 1353, Weaverville, NC 28787-1353 | NC | 2010-05 | $0 |
| 15 | God Opportunity Ministries Inc | 7437 Newmans Lane, Charlotte, NC 28270 | NC | 2013-03 | $0 |
| 16 | Living Water Ministry Foundation Inc | 404 E Chatham St, Cary, NC 27511 | NC | 2013-08 | $0 |
| 17 | Montreat Presbyterian Church Fdn, Skidmore James M Jr Ttee | PO BOX 279, Montreat, NC 28757-0279 | NC | 2001-02 | $0 |
| 18 | Now Faith Institute | PO BOX 12, Sedalia, NC 27342-0012 | NC | 2014-01 | $0 |
| 19 | Rainbow Community Cares Inc | 5325 Dana Dr Unit D, Raleigh, NC 27606 | NC | 2012-05 | $0 |
| 20 | Umf Real Estate Foundation Inc | 1307 Glenwood Ave Ste 153, Raleigh, NC 27605-3256 | NC | 2009-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 876 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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