Nantahala Racing Club Inc in Almond, North Carolina (NC)
Table of contents:
| Nantahala Racing Club Inc | |
| Employer Identification Number (EIN) | 581872006 |
| Name of Organization | Nantahala Racing Club Inc |
| Address | PO BOX 134, Almond, NC 28702-0134 |
| Activities | Amateur athletic association |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 05/1990 |
| 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 | $10,000 to $24,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $17,682 |
| Amount of Income | $15,566 |
| Form 990 Revenue Amount | $15,566 |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $26,288 | $43,559 | $15,566 |
| Contributions, gifts, grants, and similar amounts received | $16,500 | $24,184 | $750 |
| Program service revenue including government fees and contracts | $9,218 | $19,317 | $13,756 |
| Membership dues and assessments | $570 | $0 | $1,060 |
| 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 | $58 | $0 |
| Total expenses | $27,740 | $33,084 | $33,716 |
| Total net assets | $25,391 | $35,866 | $17,627 |
| Excess/Deficit for the year | $-1,452 | $10,475 | $-18,150 |
| Net assets or fund balances at beginning of year | $27,636 | $25,391 | $35,866 |
| Other changes in net assets or fund balances | $-793 | $0 | $-89 |
| Net assets or fund balances at end of year | $35,866 | $17,627 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $25,446 | $35,971 | $17,682 |
| Total liabilities | $55 | $105 | $55 |
| Net assets or fund balances | $25,391 | $35,866 | $17,627 |
| 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: | 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $198,103 |
| Subtotal | $198,103 |
| Gifts, grants, contributions, and membership fees received | $138,477 |
| 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 | $59,626 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $198,103 |
| Public support | $198,103 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Other organizations in North Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Nami Wake County | PO BOX 12562, Raleigh, NC 27605-2562 | NC | 1987-07 | $79,289 |
| 2 | Namta Foundation Inc | 20200 Zion Ave, Cornelius, NC 28031 | NC | 2005-06 | $49,940 |
| 3 | Nancy & Udean Burke Foundation Inc | PO BOX 890, Newton, NC 28658-0890 | NC | 1997-03 | $11,891 |
| 4 | Nancy A Wright Foundation Inc | 4909 Western Blvd, Raleigh, NC 27606-1749 | NC | 2007-06 | $470,307 |
| 5 | Nancy D Russell Testamentary Trust, Tenney Carroll Ann Ttee | PO BOX 99, Morehead City, NC 28557-0099 | NC | 2008-05 | $42,628 |
| 6 | Nancy Duffy Russell Preservation Trust Corporation | 1008 Arendell St, Morehead City, NC 28557-4143 | NC | 2006-07 | $5 |
| 7 | Nancy F Markle Charitable Tr For Children Acct 41-0485-01-5 | PO BOX 29522, Raleigh, NC 27626-0522 | NC | 2005-08 | $411,048 |
| 8 | Nancy O Cooper Trust | PO BOX 2907, Wilson, NC 27894-2907 | NC | 1997-04 | $660,998 |
| 9 | Nancy Sheaffer Irrev Tr Fbo Humane League Of Lancaster, 1513890843 | 1 W 4th St 4th Fl Trust Tax Dept, Winston Salem, NC 27101-3818 | NC | 2009-03 | $784,234 |
| 10 | Nanoelectronics Research Corporation, Nerc | PO BOX 12053, Rtp, NC 27709-2053 | NC | 2008-01 | $5,905,578 |
| 11 | Nantahala Racing Club Inc | PO BOX 134, Almond, NC 28702-0134 | NC | 1990-05 | $15,566 |
| 12 | Naomi And Hubert Trust Fund | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1984-03 | $62,359 |
| 13 | Naomi C Ridley Charitable Tr Ua Naomi C Ridley Rvoc Tr 08-31-95 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2002-10 | $481,608 |
| 14 | Naral Pro Choice North Carolina Foundation | 4711 Hope Valley Rd Suite 4f-509, Durham, NC 27707-5651 | NC | 2005-03 | $216,762 |
| 15 | Naral Pro-Choice North Carolina | 4711 Hope Valley Rd Ste 4f Pmb 509, Durham, NC 27707-5651 | NC | 2004-07 | $67,651 |
| 16 | Nari Jim Harkey Memorial Inc | Po Box 5098, Charlotte, NC 28299 | NC | 2003-10 | $0 |
| 17 | Nash Community College Foundation Inc | PO BOX 7488, Rocky Mount, NC 27804-0488 | NC | 1984-12 | $739,907 |
| 18 | Nash County Arts Council | PO BOX 701, Nashville, NC 27856-0701 | NC | 1985-09 | $139,353 |
| 19 | Nash County Farm Bureau Inc | PO BOX 639, Nashville, NC 27856-0639 | NC | 1961-06 | $350,211 |
| 20 | Nash County Foundation To Reduce The Use Of Drugs | PO BOX 787, Nashville, NC 27856-0787 | NC | 1990-07 | $30,294 |
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