Sprint Rising Inc in Asheville, North Carolina (NC)
Table of contents:
| Sprint Rising Inc | |
| Employer Identification Number (EIN) | 561739331 |
| Name of Organization | Sprint Rising Inc |
| Address | 1 Science Of Mind Way, Asheville, NC 28806-1444 |
| Activities | Other inner city or community benefit activities, Supplying money, goods or services to the poor |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/1992 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $49,929 |
| Amount of Income | $86,787 |
| Form 990 Revenue Amount | $86,787 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $86,787 (it was $79,981 in 2012)
| This organization: | $86,787 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $49,929 (it was $24,675 in 2012)
| This organization: | $49,929 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2013: $61,533
| Sprint Rising Inc: | $61,533 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| Sprint Rising Inc: | 100.0% |
| Other organizations performing similar types of work: | 35.7% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $85,288 | $79,981 | $86,787 |
| Contributions, gifts, grants, and similar amounts received | $85,254 | $79,688 | $86,787 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $34 | $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 | $293 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $88,969 | $55,306 | $61,533 |
| Total net assets | $0 | $24,675 | $49,929 |
| Excess/Deficit for the year | $-3,681 | $24,675 | $25,254 |
| Net assets or fund balances at beginning of year | $3,681 | $0 | $24,675 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $24,675 | $49,929 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $1 | $24,675 | $49,929 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $0 | $24,675 | $49,929 |
| 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 | $452,346 |
| Subtotal | $452,346 |
| Gifts, grants, contributions, and membership fees received | $452,346 |
| 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 | $0 |
| 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 | $452,346 |
| Public support | $452,346 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Citizens Economic Development Inc | PO BOX 66, Wentworth, NC 27375-0066 | NC | 1987-11 | $464,754 |
| 2 | Martin County Economic Development Corporation | 415 East Blvd, Williamston, NC 27892-2786 | NC | 1998-02 | $3,018,985 |
| 3 | Albemarle Downtown Development Corp | PO BOX 190, Albemarle, NC 28002-0190 | NC | 1992-02 | $509,265 |
| 4 | Mcdowell Economic Development Association Inc | PO BOX 1289, Marion, NC 28752-1289 | NC | 1983-10 | $445,745 |
| 5 | Cape Fear Area Resource Centers Inc | 906 Fanning St, Wilmington, NC 28401 | NC | 1996-09 | $384,685 |
| 6 | Downtown Salisbury Inc | 204 E Innes St Ste 260, Salisbury, NC 28144-5191 | NC | 1985-07 | $366,131 |
| 7 | Brick Capital Community Development Corporation | PO BOX 568, Sanford, NC 27331-0568 | NC | 1993-05 | $364,808 |
| 8 | Swiss Bear Downtown Development Corporation | PO BOX 597, New Bern, NC 28563-0597 | NC | 1980-03 | $270,113 |
| 9 | Cumberland Regional Improvement Corporation | PO BOX 1567, Fayetteville, NC 28302-1567 | NC | 1997-09 | $218,813 |
| 10 | Montgomery Economic Development Corporation | PO BOX 637, Troy, NC 27371-0637 | NC | 1989-08 | $161,934 |
| 11 | Sprint Rising Inc | 1 Science Of Mind Way, Asheville, NC 28806-1444 | NC | 1992-03 | $86,787 |
| 12 | Downtown Goldsboro Development Corp | PO BOX 202, Goldsboro, NC 27533-0202 | NC | 1980-04 | $74,175 |
| 13 | Southside Alliance For Neighborhood Empowerment Inc, Sane Sane Inc | PO BOX 24, Edward, NC 27821-0024 | NC | 1998-05 | $8,269 |
| 14 | Southport-Oak Island Area Committee Of 100 Inc | 4433 Long Beach Rd Se, Southport, NC 28461-8437 | NC | 1990-08 | $4,454 |
| 15 | South Brunswick Islands Committee Of 100 Inc | PO BOX 1307, Shallotte, NC 28459-1307 | NC | 1992-12 | $69 |
| 16 | Community Urban Design Center | 750 Washington St Unit 306, Raleigh, NC 27605-3241 | NC | 1998-07 | $0 |
| 17 | Craven County Future | PO BOX 103, New Bern, NC 28563-0103 | NC | 1996-03 | $0 |
| 18 | Historic York-Chester Corporation Inc | PO BOX 879, Gastonia, NC 28053-0879 | NC | 1998-02 | $0 |
| 19 | North Carolina East Inc | PO BOX 98, Greenville, NC 27835-0098 | NC | 1994-02 | $0 |
| 20 | West Cluster Area Enterprise Community Inc | 2633 West Blvd, Charlotte, NC 28208-6705 | NC | 1998-02 | $0 |
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