Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc in Winston Salem, North Carolina (NC)

Organization representatives - add corrected or new information about Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc »

Non-representatives - add comments about Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc»

Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc
Employer Identification Number (EIN)561872093
Name of OrganizationMicro Enterprise Loan Program Of Winston-Salem Forsyth County Inc
Address301 N Main St Ste 2221, Winston Salem, NC 27101-3819
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Loans or grants for minority businesses
SubsectionCharitable Organization
Ruling Date08/1994
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$300,262
Amount of Income$13,689
Form 990 Revenue Amount$13,689
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs


Non-representatives - add comments:


CAPTCHA

Your IP address 3.215.183.194 will be logged.

Amount of income in 2013: $13,689 (it was $30,169 in 2012)
This organization: 

 $13,689
Other organizations performing similar types of work: 

 $127,010

Assets in 2013: $300,262 (it was $299,173 in 2012)
Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc: 

 $300,262
Other organizations performing similar types of work: 

 $83,317

Expenses in 2013: $12,600
Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc: 

 $12,600
Other organizations performing similar types of work: 

 $154,560

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 91.3%
This organization: 

 91.3%
Other organizations performing similar types of work: 

 40.6%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$26,619$30,169$13,689
Contributions, gifts, grants, and similar amounts received$25,500$29,000$12,500
Program service revenue including government fees and contracts$0$0$1,189
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$1,119$1,169$0
Total expenses$9,276$14,102$12,600
Total net assets$283,100$299,173$300,262
Excess/Deficit for the year$17,343$16,067$1,089
Net assets or fund balances at beginning of year$265,757$283,106$299,173
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$299,173$300,262
Balance Sheets
201120122013
Total assets$283,106$299,173$300,262
Total liabilities$0$0$0
Net assets or fund balances$283,100$299,173$300,262
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
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)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$100,000
Subtotal Support$100,000
Gifts, grants, contributions, and membership fees received$100,000
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$105,763
Public Support$100,000
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$5,763
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc to others? (optional)
  
Add photo of Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Craft3 Investment I LlcPO BOX 826, Ilwaco, WA 98624-0826WA1995-07$18,154,406
2Masschallenge21 Dry Dock Ave 6th Flr, Boston, MA 02210-2384MA2010-04$4,959,384
3Western North Carolina Regional Economic Development Non-Profit Co134 Wright Brothers Way, Fletcher, NC 28732-7808NC1996-02$2,225,305
4Executive Services Corps Of The1900 Selwyn Ave, Charlotte, NC 28274-0001NC2005-04$216,577
5Foothills Connect Business And Technology IncPO BOX 37, Spindale, NC 28160-0037NC2006-06$195,712
6East Carolina Development Company Inc1136 Hwy 258 N Suite 103, Kinston, NC 28504-8304NC1998-06$181,661
7Bayboro Development Center IncPO BOX 73, Bayboro, NC 28515-0073NC2002-07$166,591
8Academy For Self-Discovery Leadership2210 Newton Dr, Statesville, NC 28677-4850NC2013-08$92,058
9Greensboro Community Development Fund342 North Elm Street, Greensboro, NC 27401-2141NC1999-04$78,157
10Roanoke Avenue Business Alliance IncPO BOX 1227, Roanoke Rapid, NC 27870-7027NC2010-02$52,886
11N C Minoritywomen Business Enterprise Coordinators NetworkPO BOX 1856, Raleigh, NC 27602-1856NC2001-12$27,794
12Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc301 N Main St Ste 2221, Winston Salem, NC 27101-3819NC1994-08$13,689
13Edgecombe Entrepreneur Organization129 Nc 111 And 122 S, Tarboro, NC 27886NC2000-11$0
14Evening Farmers Market Inc732 Mills Garden Road, Statesville, NC 28625NC2014-12$0
15Fayetteville Area Society For Human Resource ManagementPo Box 877785, Fayetteville, NC 28304NC2007-05$0
16Ministerio El Puente201 Byswick Pl, Charlotte, NC 28270NC2007-02$0
17North Carolina Quality Care Provider Association, Ncqcpa305 S Westgate Dr Ste A, Geensboro, NC 27407-1641NC2010-12$0
18Rutherford Microentrepreneur AssociationPo Box 1528, Rutherfordton, NC 28139NC2009-08$0
19Sedc IncPO BOX 921, Elizabeth, NC 28337-0921NC2007-03$0
20Seeds Foundation Incorporated342 N Elm St Ste 200, Greensboro, NC 27401-2141NC2000-06$0
Number of organizations performing similar types of work
Alaska2
Alabama5
Arkansas4
Arizona10
California76
Colorado14
Connecticut7
District of Columbia7
Florida26
Georgia20
Hawaii5
Iowa8
Idaho3
Illinois22
Indiana11
Kansas3
Kentucky5
Louisiana6
Massachusetts18
Maryland19
Maine3
Michigan16
Minnesota8
Missouri13
Mississippi6
Montana3
North Carolina18
North Dakota1
Nebraska5
New Jersey6
New Mexico5
Nevada4
New York26
Ohio16
Oklahoma5
Oregon5
Pennsylvania12
Rhode Island1
South Carolina12
South Dakota4
Tennessee10
Texas27
Utah1
Virginia14
Vermont2
Washington10
Wisconsin8
West Virginia3
Wyoming1
International2
Total518

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc and has no official or unofficial affiliation with Micro Enterprise Loan Program Of Winston-Salem Forsyth County Inc