North Carolina Bankers Association Foundation in Raleigh, North Carolina (NC)
Table of contents:
| North Carolina Bankers Association Foundation | |
| Employer Identification Number (EIN) | 561391773 |
| Name of Organization | North Carolina Bankers Association Foundation |
| Address | PO BOX 19999, Raleigh, NC 27619-9916 |
| Activities | Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 05/1984 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $3,455,782 |
| Amount of Income | $85,656 |
| Form 990 Revenue Amount | $85,656 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2012: $85,656 (it was $269,057 in 2011)
| North Carolina Bankers Association Foundation: | $85,656 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2012: $3,455,782 (it was $3,366,876 in 2011)
| North Carolina Bankers Association Foundation: | $3,455,782 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2012: $104,074
| This organization: | $104,074 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2012: 0.8
| North Carolina Bankers Association Foundation: | 0.8 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2012: 57.2%
| This organization: | 57.2% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2012
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| 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 2012) | |
| Total revenue | $85,656 |
| Contributions, Gifts, Grants and Other Similar Amounts | $48,991 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $36,665 |
| 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 2012) | |
| Total functional expenses | $104,074 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $104,074 |
| Balance Sheet (for 2012) | |
| Total assets | $3,455,782 |
| Total liabilities | $450,235 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $450,235 |
| Total net assets or fund balances | $3,005,547 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | William Harold Smith Charitable Tr, Smith J Matt Ttee | 1105 Airport Rd, Marion, NC 28752-5633 | NC | 1998-09 | $1,369,829 |
| 3 | Leighton Frederick Sandys Ford Jr Scholarship Memorial Fund | 4029 Doves Roost Ct, Charlotte, NC 28211-5047 | NC | 1982-04 | $405,553 |
| 4 | Ruth C Clark Tw Fbo Ruth C Clarkescholarship Fund | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1981-01 | $353,693 |
| 5 | Virgil & Mildred Roy Scholarship Fund Tr 70060900 | 1 W 4th St 4th Floor, Winston Salem, NC 27101-3818 | NC | 1988-07 | $324,153 |
| 6 | Sponsors For Academic Talent Inc | PO BOX 233, Jacksonville, NC 28541-0233 | NC | 1992-08 | $129,351 |
| 7 | Warren County Training School-North Warren High School Alumni, Association And Friends | PO BOX 122, Wise, NC 27594-0122 | NC | 1995-06 | $107,536 |
| 8 | Voorhies Scholarship Tr Fund | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1995-09 | $91,748 |
| 9 | The Waylin Area Foundation | 123 N Center St, Mount Olive, NC 28365 | NC | 1993-05 | $69,638 |
| 10 | The Qubein Foundation | 806 Westchester Dr, High Point, NC 27262-7347 | NC | 1993-10 | $54,576 |
| 11 | Scott Scholarship Trust 1816-16983500 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1998-08 | $31,100 |
| 12 | Thomas C Meredith Jr Scholarship Foundation | 1 W 4th St, Winston Salem, NC 27101-3818 | NC | 1995-02 | $21,006 |
| 13 | International Society For Adult Congenital Cardiac Disease | 1500 Sunday Drive Ste 102, Raleigh, NC 27607 | NC | 1994-09 | $19,323 |
| 14 | The Claude And Mickie@gable Scholarship Trust | PO BOX 3170, Thomasville, NC 27361-3170 | NC | 1998-01 | $16,200 |
| 15 | Rufus Harrell Scholarship Foundation | 246 Ainsley Rd, Hertford, NC 27944-9478 | NC | 1996-04 | $6,194 |
| 16 | Holliday Educational Foundation | 103 Rockview Lane, Morganton, NC 28655 | NC | 1992-04 | $2,552 |
| 17 | Anthroposophical Society In North Carolina Inc | P O Box 16024, Chapel Hill, NC 27516-6024 | NC | 1997-09 | $0 |
| 18 | Carolina-Virginia Reading Service Incorporated | P O Box 717, Roanoke Rapids, NC 27870 | NC | 1997-04 | $0 |
| 19 | Charles E Harris Memorial Scholarship Fund | 3618 Mossdale Avenue, Durham, NC 27707 | NC | 1998-04 | $0 |
| 20 | Citizens For Media Literacy Inc, Citizens For Media Literacy | 34 Wall Street, Asheville, NC 28801-2725 | NC | 1994-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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