Water Well Trust Incorporated in Davidson, North Carolina (NC)
Table of contents:
| Water Well Trust Incorporated | |
| Employer Identification Number (EIN) | 271659354 |
| Name of Organization | Water Well Trust Incorporated |
| In Care of Name | Kevin Hancock |
| Address | 18806 River Wind Ln, Davidson, NC 28036 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2010 |
| 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 | 2011 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $124,871 |
| Amount of Income | $113,516 |
| Form 990 Revenue Amount | $113,516 |
| National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Water Resource, Wetlands Conservation and Management |
Non-representatives - add comments:
Amount of income in 2011: $113,516 (it was $113,516 in 2013)
| Water Well Trust Incorporated: | $113,516 |
| Other organizations performing similar types of work: | $74,738 |
Assets in 2011: $124,871 (it was $124,871 in 2013)
| Water Well Trust Incorporated: | $124,871 |
| Other organizations performing similar types of work: | $43,214 |
Expenses in 2013: $43,281
| This organization: | $43,281 |
| Other organizations performing similar types of work: | $59,513 |
Income to expenses ratio in 2013: 2.6
| This organization: | 2.6 |
| Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2013: 99.8%
| This organization: | 99.8% |
| Other organizations performing similar types of work: | 97.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $55,560 | $113,516 |
| Contributions, gifts, grants, and similar amounts received | $54,520 | $113,285 |
| Program service revenue including government fees and contracts | $902 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $138 | $231 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $83,321 | $43,281 |
| Total net assets | $47,380 | $117,615 |
| Excess/Deficit for the year | $-27,761 | $70,235 |
| Net assets or fund balances at beginning of year | $75,141 | $47,380 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $47,380 | $117,615 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $95,793 | $124,871 |
| Total liabilities | $48,413 | $7,256 |
| Net assets or fund balances | $47,380 | $117,615 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $244,129 |
| Subtotal | $244,129 |
| Gifts, grants, contributions, and membership fees received | $243,227 |
| 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 | $902 |
| 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 | $244,498 |
| Public support | $244,129 |
| Subtotal | $369 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $369 |
| 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 | Tar River Land Conservancy | PO BOX 1161, Louisburg, NC 27549-1161 | NC | 2001-03 | $1,277,508 |
| 2 | Wine To Water | PO BOX 2567, Boone, NC 28607-2567 | NC | 2008-03 | $818,689 |
| 3 | The Trust For Tomorrow | PO BOX 145, Fairfield, NC 27826-0145 | NC | 2010-10 | $477,269 |
| 4 | Hatteras Island Ocean Center Inc | PO BOX 250, Hatteras, NC 27943-0250 | NC | 2012-02 | $115,881 |
| 5 | Water Well Trust Incorporated | 18806 River Wind Ln, Davidson, NC 28036 | NC | 2010-08 | $113,516 |
| 6 | Mills River Partnership Inc | 4139 Haywood Road, Hendersonville, NC 28792 | NC | 2012-08 | $102,023 |
| 7 | North Carolina Wildlife Federation, Gaston County Piedmont Area Of Wildlife Stewards Gaston County Paws | 332 Burtonwood Dr, Gastonia, NC 28054 | NC | 2010-04 | $78,674 |
| 8 | North Carolina Lake Management Society | Po Box 513, Cary, NC 27511-0513 | NC | 2002-08 | $2,466 |
| 9 | Conserve The Point Inc | PO BOX 3364, Topsail Beach, NC 28445-9831 | NC | 2005-12 | $0 |
| 10 | Crystal Coast Canoe And Kayak Club | PO BOX 5165, Emerald Isle, NC 28594-5165 | NC | 2002-02 | $0 |
| 11 | Deep River Coalition Inc | 528 Summitt Dr, Sanford, NC 27330-3842 | NC | 1997-10 | $0 |
| 12 | Eco-Ocean Foundation | 1900 Baity Hill Dr Apt 312, Chapel Hill, NC 27514-3962 | NC | 2003-11 | $0 |
| 13 | Friends Of Lake Gaston Associations | Po Box 295, Henrico, NC 27842 | NC | 2009-04 | $0 |
| 14 | Friends Of Sampson County Waterways | Po Box 171, Clinton, NC 28328 | NC | 2007-09 | $0 |
| 15 | Friends Of Spooners Creek Association | 408 Sand Fiddler Court, Morehead City, NC 28557 | NC | 2011-06 | $0 |
| 16 | Jordan Lake Trails Conservation Association | 1217 Goodwin Road, Apex, NC 27523 | NC | 2004-03 | $0 |
| 17 | Lake Wylie Foundation Inc | 1300 Baxter St Ste 450, Charlotte, NC 28204-3026 | NC | 2006-04 | $0 |
| 18 | Lower Neuse Initiative | 406 Craven Street, New Bern, NC 28560 | NC | 2000-05 | $0 |
| 19 | Mountain Island Lake Association | PO BOX 69, Paw Creek, NC 28130-0069 | NC | 2003-04 | $0 |
| 20 | Nc Waterfowl Restoration Project Inc | 2806 Gresham Lake Rd, Raleigh, NC 27615 | NC | 2014-08 | $0 |
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| Total | 2,302 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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