Wake County Basketball Association in Raleigh, North Carolina (NC)
Table of contents:
| Wake County Basketball Association | |
| Employer Identification Number (EIN) | 201136048 |
| Name of Organization | Wake County Basketball Association |
| In Care of Name | Pat Merritt |
| Address | 8362 Six Forks Rd Ste 104, Raleigh, NC 27615-5086 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2004 |
| 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 | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $151,133 |
| Amount of Income | $197,770 |
| Form 990 Revenue Amount | $197,770 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Basketball |
Non-representatives - add comments:
Amount of income in 2013: $197,770 (it was $194,822 in 2012)
| Wake County Basketball Association: | $197,770 |
| Other organizations performing similar types of work: | $64,577 |
Assets in 2013: $151,133 (it was $116,277 in 2012)
| Wake County Basketball Association: | $151,133 |
| Other organizations performing similar types of work: | $12,347 |
Expenses in 2013: $162,914
| This organization: | $162,914 |
| Other organizations performing similar types of work: | $60,846 |
Income to expenses ratio in 2013: 1.2
| Wake County Basketball Association: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 6.8%
| This organization: | 6.8% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $177,184 | $194,822 | $197,770 |
| Contributions, gifts, grants, and similar amounts received | $9,350 | $7,489 | $13,500 |
| Program service revenue including government fees and contracts | $167,832 | $187,331 | $184,269 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $2 | $2 | $1 |
| 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 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $146,607 | $173,082 | $162,914 |
| Total net assets | $94,537 | $116,277 | $151,133 |
| Excess/Deficit for the year | $30,577 | $21,740 | $34,856 |
| Net assets or fund balances at beginning of year | $63,960 | $94,537 | $116,277 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $116,277 | $151,133 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $94,537 | $116,277 | $151,133 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $94,537 | $116,277 | $151,133 |
| 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 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 | $760,556 |
| Subtotal Support | $760,556 |
| Gifts, grants, contributions, and membership fees received | $760,556 |
| 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 | $0 |
| Total Support | $761,327 |
| Public Support | $760,556 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $771 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wake County Basketball Association | 8362 Six Forks Rd Ste 104, Raleigh, NC 27615-5086 | NC | 2004-11 | $197,770 |
| 2 | Greensboro Lady Gaters Basketball Association Inc | PO BOX 4152, Greensboro, NC 27404-4152 | NC | 2013-02 | $88,143 |
| 3 | The Charlotte Jets Basketball Club | PO BOX 473812, Charlotte, NC 28247-3812 | NC | 2011-09 | $83,180 |
| 4 | Carolina Rise | 240 Chestnut Pkwy, Indian Trail, NC 28079-3784 | NC | 2009-07 | $69,608 |
| 5 | Topsail Basketball Association Inc | Po Box 458, Hampstead, NC 28443 | NC | 2012-04 | $56,081 |
| 6 | Carolina Diamonds Elite, Carolina Diamonds | 1 Stonecreek Court Ste A, Greensboro, NC 27455-2242 | NC | 2012-02 | $39,952 |
| 7 | W S Stealers & Stealers Too Girls Basketball Incorporated | Post Office Box 5213, Winston Salem, NC 27113 | NC | 2010-04 | $39,813 |
| 8 | Triad Titans Basketball Inc | PO BOX 2086, High Point, NC 27261-2086 | NC | 2003-09 | $5,432 |
| 9 | Youth Of Tomorrow | 7712 Wilderness Rd, Raleigh, NC 27613-1675 | NC | 2003-12 | $4,000 |
| 10 | All Heart Tornados Wheelchair Basketball Team | PO BOX 1412, Pembroke, NC 28372 | NC | 2004-03 | $0 |
| 11 | All Nets Basketball Association | 201 Sutter Gate Ln, Morrisville, NC 27560-7247 | NC | 2015-02 | $0 |
| 12 | Amateur Athletic Union Of The United States Inc, Team O N E | 16200 Millsford Ct, Charlotte, NC 28277-2092 | NC | 2014-08 | $0 |
| 13 | Andrews Youth Basketball Assoc | 74 Aquone Rd, Andrews, NC 28901-9253 | NC | 2005-12 | $0 |
| 14 | Bells Sports | 204 E 4th St, Weldon, NC 27890-1525 | NC | 2004-01 | $0 |
| 15 | Born 2 Ball | PO BOX 680051, Charlotte, NC 28216 | NC | 2012-01 | $0 |
| 16 | Bp Basketball Inc | 11402 James Jack Ln, Charlotte, NC 28277 | NC | 2012-09 | $0 |
| 17 | Buncombe Lady Gators | PO BOX 1808, Weaverville, NC 28787-1808 | NC | 2004-06 | $0 |
| 18 | Burlington Lady Staz | 2707 Mirror Lake Dr, Burlington, NC 27215-5441 | NC | 2004-02 | $0 |
| 19 | Cape Fear Youth Association Inc, Cape Fear Community Outreach Inc | P O Box 429, Fayetteville, NC 28302 | NC | 2004-01 | $0 |
| 20 | Capital Ballers Association | 3616 Marshlane Way, Raleigh, NC 27610-4277 | NC | 2012-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,799 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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