The Foundation in Durham, North Carolina (NC)
Table of contents:
| The Foundation | |
| Employer Identification Number (EIN) | 562194734 |
| Name of Organization | The Foundation |
| In Care of Name | Keith Brown |
| Address | 1607 Milan Street, Durham, NC 27704 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 01/2001 |
| 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 | 2008 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $60,895 |
| Amount of Income | $197,950 |
| Form 990 Revenue Amount | $196,875 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Education (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2009 | 2010 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $48,885 | $63,326 | $180,942 | $196,875 |
| Contributions, gifts, grants, and similar amounts received | $48,885 | $63,326 | $180,942 | $166,564 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $29,787 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $0 | $30,862 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $0 | $1,075 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $524 |
| Total expenses | $43,547 | $72,278 | $142,652 | $214,388 |
| Total net assets | $11,555 | $2,603 | $53,408 | $60,895 |
| Excess/Deficit for the year | $5,338 | $-8,952 | $38,290 | $-17,513 |
| Net assets or fund balances at beginning of year | $6,217 | $11,555 | $15,118 | $53,408 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $25,000 |
| Net assets or fund balances at end of year | $11,555 | $2,603 | $53,408 | $60,895 |
| Balance Sheets | ||||
| 2009 | 2010 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $11,555 | $2,603 | $53,408 | $60,895 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $11,555 | $2,603 | $53,408 | $60,895 |
| Other Information | ||||
| 2009 | 2010 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | 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 | No | No |
| Total amount involved | $0 | $0 | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $408,634 |
| Subtotal Support | $602,654 |
| Gifts, grants, contributions, and membership fees received | $602,654 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $194,020 |
| Total Support | $603,008 |
| Public Support | $602,654 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $354 |
| Gross receipts from related activities, etc. | $0 |
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| Other organizations in North Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Legal Support Staff Of North Carolina Inc, Legal Support Staff Of Iredell County | 923 Armstrong St, Statesville, NC 28677 | NC | 1997-06 | $1,000 |
| 2 | Painting & Decorating Contractors Of America | 1500 Shamrock Drive, Charlotte, NC 28205 | NC | 1974-01 | $116 |
| 3 | Phi Kappa Psi Fraternity | 224 Mendenhall Student Center, Greenville, NC 27858 | NC | 1941-01 | $6,825 |
| 4 | Talented Tenth Boys Academy Of North Carolina Inc | 17810 Halton Park Dr Apt 1e, Charlotte, NC 28262-0691 | NC | 2015-02 | $54,736 |
| 5 | Tanglewood Equestrian Association | 4061 Clemmons Rd, Clemmons, NC 27012 | NC | 2009-03 | $253,745 |
| 6 | Vietnamese Evangelical Church Of North Carolina | 7600 Falls Of Neuse Rd, Raleigh, NC 27615-3305 | NC | 1972-05 | $81,508 |
| 7 | Cherokee Boys Club Inc | PO BOX 507, Cherokee, NC 28719-0507 | NC | 1969-01 | $91,535,910 |
| 8 | International Association Of Lions Clubs, Franklinton Lions Club | Po Box 444, Franklinton, NC 27525 | NC | 1960-04 | $5,227 |
| 9 | Pta North Carolina Congress, Winding Springs Elementary Pta | 6601 Horace Mann Rd, Charlotte, NC 28269 | NC | 1985-05 | $40,957 |
| 10 | Sons Of Confederate Veterans Inc | 750 Pinkney Rd, Kenly, NC 27542 | NC | 2007-08 | $4,465 |
| 11 | The Foundation | 1607 Milan Street, Durham, NC 27704 | NC | 2001-01 | $197,950 |
| 12 | Scottish Hills Recreational Club Inc | Po Box 859, Cary, NC 27512 | NC | 2012-06 | $185,994 |
| 13 | Christine King Bingham Foundation Inc | 21031 Catawba Ave Ste 104, Cornelius, NC 28031 | NC | 2013-07 | $0 |
| 14 | Wilmington 10-13 Club | Po Box 15613, Wilmington, NC 28408 | NC | 2013-09 | $0 |
| 15 | 1013 Club Of Charlotte Nc | 137 Cross Center Rd Ste 150, Denver, NC 28037-5009 | NC | 2007-11 | $0 |
| 16 | 220 River View Hunting Club Association | Po Box 2549, Greenville, NC 27836 | NC | $0 | |
| 17 | 333 Fs Spouses Club | 1700 Cannon Ave, Sjafb, NC 27531 | NC | $0 | |
| 18 | 335th Squadron Spouse Club | 401 Hofer Court, Goldsboro, NC 27534 | NC | $0 | |
| 19 | 381st Bomb Group H Memorial Association | 145 Kimel Park Drive Suite 370, Winston Salem, NC 27103-6972 | NC | 1993-03 | $0 |
| 20 | North Carolina State University | 8701 Brandon Station Rd, Raleigh, NC 27613 | NC | 2013-07 | $0 |
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