Radicle Life Inc in Charlotte, North Carolina (NC)
Table of contents:
| Radicle Life Inc | |
| Employer Identification Number (EIN) | 454022803 |
| Name of Organization | Radicle Life Inc |
| Address | 127 S Summit Ave, Charlotte, NC 28208-4410 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 05/2013 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $44,968 |
| Amount of Income | $86,951 |
| Form 990 Revenue Amount | $2,088 |
| National Taxonomy of Exempt Entities (NTEE) | Employment, Job-Related: Employment Procurement Assistance, Job Training |
Non-representatives - add comments:
Amount of income in 2013: $86,951 (it was $108,753 in 2012)
| This organization: | $86,951 |
| Other organizations performing similar types of work: | $159,899 |
Assets in 2013: $44,968 (it was $12,456 in 2012)
| This organization: | $44,968 |
| Other organizations performing similar types of work: | $54,752 |
Expenses in 2012: $31,566
| This organization: | $31,566 |
| Other organizations performing similar types of work: | $166,476 |
Income to expenses ratio in 2012: 2.8
| Radicle Life Inc: | 2.8 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2012: 121.0%
| This organization: | 121.0% |
| Other organizations performing similar types of work: | 92.3% |
Revenue for 2012
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012) | |
| Total revenue | $36,244 |
| Contributions, gifts, grants, and similar amounts received | $43,857 |
| Program service revenue including government fees and contracts | $11,401 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Loss from sale of assets other than inventory | $-19,014 |
| Gross amount from sale of assets other than inventory | $53,495 |
| Less: cost or other basis and sales expenses | $72,509 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $31,566 |
| Total net assets | $4,678 |
| Excess for the year | $4,678 |
| Net assets or fund balances at beginning of year | $0 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2012) | |
| Total assets | $12,456 |
| Total liabilities | $7,778 |
| Net assets or fund balances | $4,678 |
| Other Information (for 2012) | |
| 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 2012) | |
| 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 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $118,391 |
| Gifts, grants, contributions, and membership fees received | $53,495 |
| 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 | $64,896 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Kings Enterprises Inc | PO BOX 30877, Charlotte, NC 28230-0877 | NC | 2011-05 | $1,925,831 |
| 2 | Durham Economic Resource Center | 904 N Roxboro St, Durham, NC 27701-2458 | NC | 2009-09 | $455,042 |
| 3 | Southeastern Efforts Developing Sustainable Spaces Inc, S E E D S | 706 Gilbert St, Durham, NC 27701-3508 | NC | 1996-03 | $428,774 |
| 4 | Virtue | Po Box 35492, Charlotte, NC 28235 | NC | 1998-08 | $381,723 |
| 5 | Sustainable Jobs Development Corporation | 200 N Mangum Ste 203, Durham, NC 27701-3307 | NC | 2001-10 | $169,099 |
| 6 | Western North Carolina Workers Center | PO BOX 3025, Marion, NC 28752-0540 | NC | 2005-05 | $137,161 |
| 7 | Every One Helps One Inc | 1222 Holloway St, Durham, NC 27701-3848 | NC | 2001-07 | $88,162 |
| 8 | Radicle Life Inc | 127 S Summit Ave, Charlotte, NC 28208-4410 | NC | 2013-05 | $86,951 |
| 9 | Life Support Institute Inc, The Encouraging Place | 206 New Bern Place, Raleigh, NC 27601 | NC | 2007-09 | $81,887 |
| 10 | Uhuru Community Development Corporation | PO BOX 222, Rich Square, NC 27869-0222 | NC | 1999-03 | $64,200 |
| 11 | Harry Veterans Community Outreach Services Inc, H2a2r2r4y | 897 Peters Creek Pkwy Ste 102, Winston Salem, NC 27103-3858 | NC | 2009-09 | $56,870 |
| 12 | Women Helping Other Women | PO BOX 456, Burnsville, NC 28714 | NC | 2005-09 | $32,710 |
| 13 | Union County Jobready Partnership Council Inc | 400 N Church St, Monroe, NC 28112-4804 | NC | 2000-09 | $12,598 |
| 14 | Irc Staffing Inc | PO BOX 2396, Greensboro, NC 27402-2396 | NC | 2014-08 | $6,913 |
| 15 | Epoch Renewal Inc | 3904 Southeast School Rd, Greensboro, NC 27406 | NC | 2015-01 | $5,845 |
| 16 | Job Exposure Talent & Training Institute | 6336 Mock Orange Drive, Charlotte, NC 28277 | NC | 2003-06 | $10 |
| 17 | Amazing Grace Farms Institute | 200 West Minister Drive, Chapel Hill, NC 27514 | NC | 1999-07 | $0 |
| 18 | Building A Successful Story | PO BOX 2323, Lumberton, NC 28359-2323 | NC | 2006-06 | $0 |
| 19 | Building Skills To Build Communities | 2207 Arrington St, Durham, NC 27707-2203 | NC | 2001-03 | $0 |
| 20 | C&l Employment And Support Services | 28 Branchview Dr Ne, Concord, NC 28025-3404 | NC | 2007-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,933 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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