The Albemarle Foundation Inc in Tarboro, North Carolina (NC)
Table of contents:
| The Albemarle Foundation Inc | |
| Employer Identification Number (EIN) | 561538739 |
| Name of Organization | The Albemarle Foundation Inc |
| In Care of Name | James Marrow |
| Address | P O Box 519, Tarboro, NC 27886 |
| Activities | Gifts, grants, or loans to other organizations, Services for the aged (see also 153 ad 382) |
| Subsection | Charitable Organization |
| Ruling Date | 01/1991 |
| 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 | 2009 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $305,100 |
| Amount of Income | $11,266 |
| Form 990 Revenue Amount | $11,266 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Senior Citizens' Housing/Retirement Communities |
Non-representatives - add comments:
Amount of income in 2009: $11,266 (it was $16,239 in 2013)
| This organization: | $11,266 |
| Other organizations performing similar types of work: | $437,584 |
Assets in 2009: $305,100 (it was $1 in 2013)
| This organization: | $305,100 |
| Other organizations performing similar types of work: | $1,715,292 |
Expenses in 2013: $1,574
| The Albemarle Foundation Inc: | $1,574 |
| Other organizations performing similar types of work: | $279,968 |
Income to expenses ratio in 2013: 7.2
| The Albemarle Foundation Inc: | 7.2 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 2.4% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $9,060 | $9,844 | $16,239 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $9,060 | $9,844 | $10,022 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $6,217 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $12,010 |
| Less: cost or other basis and sales expenses | $0 | $0 | $5,793 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $550 | $550 | $1,574 |
| Total net assets | $207,975 | $223,706 | $0 |
| Excess/Deficit for the year | $8,510 | $9,294 | $14,665 |
| Net assets or fund balances at beginning of year | $199,465 | $207,975 | $-14,665 |
| Other changes in net assets or fund balances | $0 | $6,437 | $0 |
| Net assets or fund balances at end of year | $223,706 | $14,665 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $207,975 | $223,706 | $1 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $207,975 | $223,706 | $0 |
| 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 | $10,022 |
| Subtotal | $10,022 |
| Gifts, grants, contributions, and membership fees received | $0 |
| 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 | $10,022 |
| 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 | $10,022 |
| Public support | $10,022 |
| 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 | Richfield Foundation | PO BOX 3240, Salem, VA 24153-0647 | VA | 1977-11 | $747,314 |
| 2 | United Church Residents Of, Ludington Mi Inc | 170 E Center St, Marion, OH 43302-3815 | OH | 1992-07 | $4,986,728 |
| 3 | Union Township Adult Community Development Corporation | 101 Eisenhower Pkwy, Roseland, NJ 07068-1032 | NJ | 1979-08 | $3,171,338 |
| 4 | Carriage Oaks Of St Charles | 11606 Nicholas Street, Omaha, NE 68154-4478 | NE | 1997-02 | $1,744,819 |
| 5 | Friends Of Jewish Community Housing For The Elderly Inc | 30 Wallingford Road, Brighton, MA 02135-4708 | MA | 1977-02 | $1,360,036 |
| 6 | Twelve Oaks Foundation | 516 Burchett St, Glendale, CA 91203-1014 | CA | 1958-12 | $1,333,478 |
| 7 | Soroptimist Village Foundation | 12657 Foster Road, Norwalk, CA 90650-3300 | CA | 1966-10 | $577,700 |
| 8 | Concord Senior Citizen Housing Dev | 375-77 Putnam Ave, Brooklyn, NY 11216 | NY | 1980-06 | $512,395 |
| 9 | Seabury Charitable Foundation Inc | 200 Seabury Dr, Bloomfield, CT 06002-2650 | CT | 1996-11 | $458,484 |
| 10 | Americas Choice Community Of Kearney, Essex Corporation | 11606 Nicholas St Ste 100, Omaha, NE 68154-4486 | NE | 1996-05 | $437,584 |
| 11 | Grand Junction Voa Elderly Housing Inc | 1660 Duke Street, Alexandria, VA 22314-3473 | VA | 1997-11 | $430,022 |
| 12 | Bay Village Endowment Fund | 8400 Vamo Road, Sarasota, FL 34231-7807 | FL | 1991-06 | $368,364 |
| 13 | Gethsemane Manor Housing Development Fund Company Inc | 28 Kingsley Street, Buffalo, NY 14208 | NY | 1990-07 | $313,378 |
| 14 | Mountain View Kiwanis Foundation | PO BOX 607, Mountain View, CA 94042-0607 | CA | 1961-05 | $209,771 |
| 15 | St James Of Baton Rouge Foundation Inc | 333 Lee Drive, Baton Rouge, LA 70808-4980 | LA | 1995-10 | $162,967 |
| 16 | The Albemarle Foundation Inc | P O Box 519, Tarboro, NC 27886 | NC | 1991-01 | $11,266 |
| 17 | First Baptist Housing Management Inc | 430 Grand Avenue, Des Moines, IA 50309 | IA | 1980-04 | $0 |
| 18 | Hamilton Manor, Na | 1055 West Main Street, Stroudsburg, PA 18360 | PA | 1995-08 | $0 |
| 19 | Higher Bound Company | 22250 Se 29th St, Harrah, OK 73045-5990 | OK | 1998-08 | $0 |
| 20 | Swea Community Development Corporation | PO BOX 243, Belmond, IA 50421-0243 | IA | 1972-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||
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| Total | 24 | ||||||||||||||||||||||||||||||
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