Wake Futbol Club Inc in Holly Springs, North Carolina (NC)
Table of contents:
Wake Futbol Club Inc | |
Employer Identification Number (EIN) | 454622540 |
Name of Organization | Wake Futbol Club Inc |
Address | 5200 Sunset Fairways Dr, Holly Springs, NC 27540-7860 |
Subsection | Charitable Organization |
Ruling Date | 12/2012 |
Deductibility | Contributions are deductible |
Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2012 |
Assets | $10,000 to $24,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $21,025 |
Amount of Income | $185,550 |
Form 990 Revenue Amount | $185,550 |
National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Soccer Clubs, Leagues |
Non-representatives - add comments:
Amount of income in 2012: $185,550
This organization: | $185,550 |
Other organizations performing similar types of work: | $114,357 |
Assets in 2012: $21,025
This organization: | $21,025 |
Other organizations performing similar types of work: | $42,930 |
Expenses in 2012: $204,525
Wake Futbol Club Inc: | $204,525 |
Other organizations performing similar types of work: | $108,075 |
Income to expenses ratio in 2012: 0.9
This organization: | 0.9 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
Wake Futbol Club Inc: | 0.0% |
Other organizations performing similar types of work: | 1.3% |
Functional expenses for 2012
Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
Initiation fees and capital contributions | $0 |
Gross receipts for public use of club facilities | $0 |
Gross income from members or shareholders | $0 |
Gross income from other sources | $0 |
Statement of Revenue (for 2012) | |
Total revenue | $185,550 |
Contributions, Gifts, Grants and Other Similar Amounts | $0 |
Program Service Revenue | $185,550 |
Other Revenue | |
Investment income (including dividends, interest, and other similar amounts) | $0 |
Income from investment of tax-exempt bond proceeds | $0 |
Royalties | $0 |
Net rental income | $0 |
Net gain from sales of assets other than inventory | $0 |
Net income from fundraising events | $0 |
Net income from gaming activities | $0 |
Net income from sales of inventory | $0 |
Miscellaneous Revenue | $0 |
Statement of Functional Expenses (for 2012) | |
Total functional expenses | $204,525 |
Compensation of current officers, directors, trustees, and key employees | $41,700 |
Other salaries and wages | $0 |
Payroll taxes | $0 |
Professional fundraising services | $0 |
Other | $162,825 |
Balance Sheet (for 2012) | |
Total assets | $21,025 |
Total liabilities | $40,000 |
Tax-exempt bond liabilities | $0 |
Secured mortgages and notes payable to unrelated third parties | $0 |
Unsecured notes and loans payable to unrelated third parties | $0 |
Other | $40,000 |
Total net assets or fund balances | $-18,975 |
Retained earnings, endowment, accumulated income, or other funds | $-18,975 |
Reason for Public Charity Status (for 2012) | |
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 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Triangle Futbol Club Alliance Inc | 431 Us Hwy 70a East, Hillsborough, NC 27278-9262 | NC | 1996-08 | $2,067,761 |
2 | South Charlotte Soccer Association Inc | 901 Sam Newell Rd Ste E, Matthews, NC 28105-9400 | NC | 2003-06 | $1,433,420 |
3 | Triangle Adult Soccer League | 5017 Memory Road, Raleigh, NC 27609-5589 | NC | 2007-12 | $575,943 |
4 | Ac Sandhills, Sysl | 295 Pinehurst Ave Ste 1a, Southern Pnes, NC 28387-7052 | NC | 2000-08 | $532,595 |
5 | S Solutions Inc | 5008 Castle Lakes Rd, Castle Hayne, NC 28429-5856 | NC | 2006-07 | $467,146 |
6 | Waxhaw Athletic Association | PO BOX 441, Waxhaw, NC 28173-1047 | NC | 2002-01 | $365,473 |
7 | Wilmington Soccer Academy, Port City Soccer | 5 Millhouse Rd, Castle Hayne, NC 28429-5626 | NC | 2012-04 | $185,609 |
8 | Wake Futbol Club Inc | 5200 Sunset Fairways Dr, Holly Springs, NC 27540-7860 | NC | 2012-12 | $185,550 |
9 | Triad Elite Soccer Club Inc | 480-H Knollwood St Ste 148, Winston Salem, NC 27103 | NC | 1997-09 | $177,916 |
10 | Sanford Area Soccor League Inc | PO BOX 1212, Sanford, NC 27331-1212 | NC | 2005-09 | $139,911 |
11 | Swansboro Soccer Association Inc | PO BOX 104, Swansboro, NC 28584-0104 | NC | 2002-06 | $132,278 |
12 | Strikers Of Gaston County Soccer Association Inc | Po Box 1515, Belmont, NC 28012 | NC | 2008-09 | $126,464 |
13 | Seashore Soccer League Inc | PO BOX 2323, Morehead City, NC 28557-2323 | NC | 2008-06 | $123,946 |
14 | South Iredell Soccer Association | PO BOX 4503, Mooresville, NC 28117-4503 | NC | 2013-08 | $121,779 |
15 | Wilmington Adult Soccer Club Inc | 9312 River Rd, Wilmington, NC 28412-3518 | NC | 2013-11 | $98,290 |
16 | Youngsville Area Kids Soccer | PO BOX 689, Youngsville, NC 27596-0689 | NC | 2007-01 | $81,941 |
17 | Macon County Soccer | 131 Franklin Plaza 325, Franklin, NC 28734 | NC | 2011-01 | $78,561 |
18 | Davidson County United Soccerassociation | 31 S Talbert Blvd 235, Lexington, NC 27292-4025 | NC | 2010-02 | $67,405 |
19 | Orange County Adult Soccer League, Ocasl | PO BOX 4021, Chapel Hill, NC 27515-4021 | NC | 2013-02 | $52,139 |
20 | Central Carolina Soccer Club Inc | Po Box 1016, Asheboro, NC 27203 | NC | 1998-09 | $39,446 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 4,045 |
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