Mary Frances Acquisition Co in Tarboro, North Carolina (NC)
Table of contents:
| Mary Frances Acquisition Co | |
| Employer Identification Number (EIN) | 201970577 |
| Name of Organization | Mary Frances Acquisition Co |
| Address | 1212 Recovery Ln, Tarboro, NC 27886-9300 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization 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 |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 05/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $3,923,921 |
| Amount of Income | $572,030 |
| Form 990 Revenue Amount | $572,030 |
| National Taxonomy of Exempt Entities (NTEE) | Health - General and Rehabilitative: Health Support Services |
Non-representatives - add comments:
Amount of income in 2012: $572,030 (it was $2,919,295 in 2011)
| Mary Frances Acquisition Co: | $572,030 |
| Other organizations performing similar types of work: | $120,401 |
Assets in 2012: $3,923,921 (it was $5,543,238 in 2011)
| Mary Frances Acquisition Co: | $3,923,921 |
| Other organizations performing similar types of work: | $72,612 |
Expenses in 2011: $3,113,092
| This organization: | $3,113,092 |
| Other organizations performing similar types of work: | $96,831 |
Income to expenses ratio in 2011: 0.2
| This organization: | 0.2 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 99.2% |
Functional expenses for 2011
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $2,919,295 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $2,919,295 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $0 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $3,113,092 |
| Compensation of current officers, directors, trustees, and key employees | $198,744 |
| Other salaries and wages | $182,055 |
| Payroll taxes | $125,396 |
| Professional fundraising services | $0 |
| Other | $2,606,897 |
| Balance Sheet (for 2011) | |
| Total assets | $5,543,238 |
| Total liabilities | $3,937,831 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $3,605,012 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $332,819 |
| Total net assets or fund balances | $1,605,407 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total support | $12,844,442 |
| Gifts, grants, contributions, and membership fees received | $0 |
| 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 | $12,800,648 |
| 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 and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $43,794 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Rural Health Group Inc | PO BOX 640, Roanoke Rapid, NC 27870-0640 | NC | 1986-02 | $21,355,445 |
| 2 | Wayne Health Physicians | 2700 Wayne Memorial Drive, Goldsboro, NC 27534 | NC | 2010-05 | $10,718,829 |
| 3 | Southern Piedmont Community Care Plan Inc | Ste 103, Concord, NC 28025 | NC | 2001-08 | $7,414,059 |
| 4 | Nash Health Care Foundation | 2460 Curtis Ellis Dr, Rocky Mount, NC 27804-2237 | NC | 2001-10 | $1,037,600 |
| 5 | Columbus Regional Diagnostics, Waccamaw Imaging | 500 Jefferson St, Whiteville, NC 28472-3634 | NC | 2014-09 | $173,110 |
| 6 | The Center For Rural Health Innovation, Steve North Mbr | 120 Oak Ave, Spruce Pine, NC 28777-2720 | NC | 2010-11 | $172,697 |
| 7 | Hands Of Hope North Carolina | 152 Oak Run Ct, Lewisville, NC 27023-7500 | NC | 2012-01 | $127,966 |
| 8 | Rx Matters Foundation Inc | 1927 S Tryon Street Suite 310, Charlotte, NC 28203 | NC | 2012-05 | $96,500 |
| 9 | Project Momentum Inc | P O Box 4053, Rocky Mount, NC 27803 | NC | 2008-03 | $93,686 |
| 10 | Medical Loan Closet Of Henderson County Inc | 766 N Main St, Hendersonvlle, NC 28792-5078 | NC | 2009-01 | $88,428 |
| 11 | Striving For More Inc | 1012 Copeland Oaks Dr, Morrisville, NC 27560-6609 | NC | 2009-03 | $68,615 |
| 12 | Chords For A Cause Inc | 1202 Medical Center Dr, Wilmington, NC 28401-7307 | NC | 2010-09 | $68,589 |
| 13 | Pharmacogenetics For Every Nation Initiative | 207 Lake Manor Road, Chapel Hill, NC 27516 | NC | 2010-11 | $35,253 |
| 14 | Kids Heart Felt Health Inc | PO BOX 78214, Charlotte, NC 28271 | NC | 2011-02 | $10,995 |
| 15 | Medical Patient Modesty | PO BOX 652, Hazelwood, NC 28738-0652 | NC | 2011-12 | $8,060 |
| 16 | Burma Relief Network | 582 Longwood Drive, Fayetteville, NC 28314 | NC | 2008-12 | $3,918 |
| 17 | Duffy Collins Organ Transplant Foundation | 680 Huntingdon Street, Elon, NC 27244 | NC | 2009-04 | $1,344 |
| 18 | Catawba County Medical Society Foundation | Po Box 99, Conover, NC 28613 | NC | 2006-08 | $143 |
| 19 | Ace Hardy & Friends Local Liver And Heart Foundation | 4320 Collingwood Dr, Charlotte, NC 28209-2753 | NC | 2000-08 | $0 |
| 20 | Adaptive Seating Clinic & Technology Center Inc | 3740 S Evans St Ste B, Greenville, NC 27834-5413 | NC | 2002-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,586 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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