Religious Institutional Finance Corporation Of America in Glade Valley, North Carolina (NC)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in North Carolina
| Religious Institutional Finance Corporation Of America | |
| Employer Identification Number (EIN) | 621183570 |
| Name of Organization | Religious Institutional Finance Corporation Of America |
| Address | 255 Buchanan St, Glade Valley, NC 28627-6000 |
| Activities | Scholarships (other), Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/1986 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $132,494 |
| Amount of Income | $46,778 |
| Form 990 Revenue Amount | $8,121 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $14,026 | $14,026 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $8,758 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $5,268 | |||
| Total expenses and disbursements | $8,083 | $150 | $0 | $7,789 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,063 | $150 | $769 | |
| Contributions, gifts, grants paid | $7,020 | |||
| Excess of revenue over expenses and disbursements | $5,943 | |||
| Net investment income | $13,876 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $132,494 | $146,480 |
| Cash - non-interest-bearing | $839 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $52,526 | |
| Investments-mortgage loans | $1,385 | |
| Investments-other | $77,744 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $132,494 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $5,268 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $139 |
| Total credits and payments | $139 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $139 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $148,967 |
| Net value of noncharitable-use assets | $146,740 |
| Minimum investment return | $7,337 |
| Distributable Amount (for 2012) | |
| Distributable amount | $7,198 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $7,198 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $6,414 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in North Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Reidsville Ob & Gyn Physicians Inc | 1200 N Elm St, Greensboro, NC 27401-1004 | NC | 2010-01 | $2,095,750 |
| 2 | Reidsville Outreach Center | PO BOX 773, Reidsville, NC 27323-0773 | NC | 1999-12 | $56,043 |
| 3 | Reidsville Rescue Squad Inc | 2100 Westover Dr, Reidsville, NC 27320-6300 | NC | 1970-07 | $110,967 |
| 4 | Reidsville Rotary Charitable Organization | 309 S Main St, Reidsville, NC 27320-3815 | NC | 2005-07 | $101,059 |
| 5 | Reidsville Soup Kitchen Inc | PO BOX 1562, Reidsville, NC 27323-1562 | NC | 1993-04 | $28,566 |
| 6 | Reinemund Family Foundation | 2712 Bartram Pl, Winston Salem, NC 27106-5101 | NC | 1999-02 | $1,209,520 |
| 7 | Reins From Above Therapeutic Riding Center | 86 Polenta Rd, Smithfield, NC 27577-8192 | NC | 2015-02 | $143,485 |
| 8 | Reinvestment In Communitites Of Gaston County Inc, Ric | PO BOX 2466, Gastonia, NC 28053-2466 | NC | 2003-11 | $699,064 |
| 9 | Religious Coalition For A Nonviolent Durham Inc | PO BOX 52303, Durham, NC 27717-2303 | NC | 2007-02 | $64,640 |
| 10 | Religious Community Services Of New Bern Inc | PO BOX 704, New Bern, NC 28563-0704 | NC | 1984-04 | $540,953 |
| 11 | Religious Institutional Finance Corporation Of America | 255 Buchanan St, Glade Valley, NC 28627-6000 | NC | 1986-09 | $46,778 |
| 12 | Remmsco Inc | PO BOX 1121, Reidsville, NC 27323-1121 | NC | 1983-08 | $280,877 |
| 13 | Remnant Of Israel Inc | PO BOX 7743, Charlotte, NC 28241-7743 | NC | 1994-11 | $1,654,857 |
| 14 | Remus R Rouse Tr | PO BOX 2907, Wilson, NC 27894-2907 | NC | 1976-01 | $162,870 |
| 15 | Renaissance Classical Academy | 6427 Cliffdale Rd, Fayetteville, NC 28314-2044 | NC | 2008-10 | $312,194 |
| 16 | Renaissance Downtown Durham | 115 Market Street Suite 213, Durham, NC 27701 | NC | 2001-06 | $0 |
| 17 | Renfro Family Foundation Inc | 15 Greenwood Rd, Asheville, NC 28803-3110 | NC | 1994-12 | $1 |
| 18 | Renu Life Extended | 501 Forest Hill Dr, Goldsboro, NC 27534-1824 | NC | 2002-09 | $1,710,145 |
| 19 | Repay Inc | PO BOX 969, Newton, NC 28658-0969 | NC | 1983-04 | $493,900 |
| 20 | Rescue America Baptist Missions Inc | PO BOX 1465, Millers Creek, NC 28651-1465 | NC | 2003-08 | $109,293 |
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