Western Alamance Student-Aid Association in Elon, North Carolina (NC)
Table of contents:
| Western Alamance Student-Aid Association | |
| Employer Identification Number (EIN) | 432036853 |
| Name of Organization | Western Alamance Student-Aid Association |
| In Care of Name | Ricky Portela |
| Address | PO BOX 51, Elon, NC 27244-0051 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2005 |
| 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 | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $938,967 |
| Amount of Income | $54,340 |
| Form 990 Revenue Amount | $54,340 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2012: $54,340 (it was $45,800 in 2011)
| This organization: | $54,340 |
| Other organizations performing similar types of work: | $74,829 |
Assets in 2012: $938,967 (it was $989,586 in 2011)
| Western Alamance Student-Aid Association: | $938,967 |
| Other organizations performing similar types of work: | $36,669 |
Expenses in 2012: $53,710
| Western Alamance Student-Aid Association: | $53,710 |
| Other organizations performing similar types of work: | $48,324 |
Income to expenses ratio in 2012: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2012: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 3.5% |
| 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 | $54,340 |
| Contributions, Gifts, Grants and Other Similar Amounts | $54,340 |
| Program Service Revenue | $0 |
| 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 | $53,710 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $53,710 |
| Balance Sheet (for 2012) | |
| Total assets | $938,967 |
| Total liabilities | $785,065 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $785,065 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Total net assets or fund balances | $153,902 |
| Retained earnings, endowment, accumulated income, or other funds | $153,902 |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $421,679 |
| Gifts, grants, contributions, and membership fees received | $421,679 |
| 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 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Scago Educational Facilities Corporation For Spartanburg School | 100 N Danzler Rd, Duncan, SC 29334-9380 | SC | 2008-08 | $10,595,942 |
| 2 | The Visual Arts Center Of Richmond | 1812 W Main St, Richmond, VA 23220-4520 | VA | 1966-08 | $1,752,921 |
| 3 | San Marcos Baptist Academy Foundation | 2801 Ranch Road 12, San Marcos, TX 78666-2433 | TX | 1964-12 | $29,104 |
| 4 | Duke Global Inc | 324 Blackwell St Washington Bldg No, Durham, NC 27701 | NC | 2009-08 | $6,438,983 |
| 5 | Unc Law Foundation Inc Van Hecke- Wettach Cd3380 | Unc Law School Van Hecke-Wettach, Chapel Hill, NC 27599-3380 | NC | 1969-11 | $4,617,214 |
| 6 | Raleigh Charter High School Foundation Inc | 1307 Glenwood Ave, Raleigh, NC 27605-1216 | NC | 2009-04 | $671,021 |
| 7 | Charlotte-Mecklenburg Public Schools Foundation | 600 E Fourth St Fifth Fl, Charlotte, NC 28202-2816 | NC | 2004-06 | $505,395 |
| 8 | William A Hough Senior High School Athletic Booster Club, Hough Athletic Booster Club | 11900 Bailey Rd, Cornelius, NC 28031-9124 | NC | 2011-03 | $446,396 |
| 9 | South Mecklenburg High School Athletic Booster Club | 8900 Park Rd, Charlotte, NC 28210-7609 | NC | 2011-04 | $279,262 |
| 10 | Retail Consumer Alliance Foundation Inc | PO BOX 1030, Raleigh, NC 27602-1030 | NC | 2010-05 | $179,248 |
| 11 | Elon Park Elementary School Pto | 11425 Ardrey Kell Rd, Charlotte, NC 28277-1977 | NC | 2013-08 | $170,488 |
| 12 | The Apex Choral Boosters | 1501 Laura Duncan Road, Apex, NC 27502 | NC | 1999-05 | $167,307 |
| 13 | Endeavor Charter School Foundation Inc | 4879 One World Way, Wake Forest, NC 27587 | NC | 2009-12 | $144,131 |
| 14 | Western Guilford High School Boosters Club | 409 Friendway Rd, Greensboro, NC 27410-4911 | NC | 2005-11 | $138,479 |
| 15 | Trojan Club Of Garner North Carolina | 626 Kimloch Dr, Garner, NC 27529-5168 | NC | 2005-09 | $129,363 |
| 16 | William R Kenan Jr Endowment Fund For The Piedmont School | 815 Old Mill Rd, High Point, NC 27265-9679 | NC | 2009-08 | $114,872 |
| 17 | Holly Spring High School Band Booster Club | 5329 Cass Holt Road, Holly Springs, NC 27540 | NC | 2007-08 | $102,502 |
| 18 | Southwestern Randolph Touchdown Club Inc | PO BOX 322, Asheboro, NC 27204-0322 | NC | 1999-02 | $98,995 |
| 19 | Southern Granville Band Parents Association Inc | 3599 Dolphin Dr, Stem, NC 27581-9288 | NC | 2002-02 | $92,093 |
| 20 | Ashley Eagles Athletic Boosters Club | 555 Halyburton Memorial Pkwy, Wilmington, NC 28412-3094 | NC | 2002-09 | $91,227 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 7,349 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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