Carolina Rise in Indian Trail, North Carolina (NC)

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Carolina Rise
Employer Identification Number (EIN)264065488
Name of OrganizationCarolina Rise
Address240 Chestnut Pkwy, Indian Trail, NC 28079-3784
SubsectionCharitable Organization
Ruling Date07/2009
DeductibilityContributions are deductible
FoundationOrganization 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
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$18,855
Amount of Income$69,608
Form 990 Revenue Amount$69,608
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Basketball


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Amount of income in 2013: $69,608 (it was $78,879 in 2012)
This organization: 

 $69,608
Other organizations performing similar types of work: 

 $64,577

Assets in 2013: $18,855 (it was $7,582 in 2012)
This organization: 

 $18,855
Other organizations performing similar types of work: 

 $12,347

Expenses in 2013: $58,335
Carolina Rise: 

 $58,335
Other organizations performing similar types of work: 

 $60,846

Income to expenses ratio in 2013: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
Carolina Rise: 

 0.0%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$78,879$69,608
Contributions, gifts, grants, and similar amounts received$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$78,879$69,608
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$133,984$58,335
Total net assets$7,582$18,855
Excess/Deficit for the year$-55,105$11,273
Net assets or fund balances at beginning of year$62,687$7,582
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$7,582$18,855
Balance Sheets
201120122013
Total assets$62,687$7,582$18,855
Total liabilities$0$0$0
Net assets or fund balances$7,582$18,855
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$711,232
Subtotal$711,232
Gifts, grants, contributions, and membership fees received$711,232
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$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
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$711,232
Public support$711,232
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
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
IdNameAddressStateEstablishedTotal Income
1Wake County Basketball Association8362 Six Forks Rd Ste 104, Raleigh, NC 27615-5086NC2004-11$197,770
2Greensboro Lady Gaters Basketball Association IncPO BOX 4152, Greensboro, NC 27404-4152NC2013-02$88,143
3The Charlotte Jets Basketball ClubPO BOX 473812, Charlotte, NC 28247-3812NC2011-09$83,180
4Carolina Rise240 Chestnut Pkwy, Indian Trail, NC 28079-3784NC2009-07$69,608
5Topsail Basketball Association IncPo Box 458, Hampstead, NC 28443NC2012-04$56,081
6Carolina Diamonds Elite, Carolina Diamonds1 Stonecreek Court Ste A, Greensboro, NC 27455-2242NC2012-02$39,952
7W S Stealers & Stealers Too Girls Basketball IncorporatedPost Office Box 5213, Winston Salem, NC 27113NC2010-04$39,813
8Triad Titans Basketball IncPO BOX 2086, High Point, NC 27261-2086NC2003-09$5,432
9Youth Of Tomorrow7712 Wilderness Rd, Raleigh, NC 27613-1675NC2003-12$4,000
10All Heart Tornados Wheelchair Basketball TeamPO BOX 1412, Pembroke, NC 28372NC2004-03$0
11All Nets Basketball Association201 Sutter Gate Ln, Morrisville, NC 27560-7247NC2015-02$0
12Amateur Athletic Union Of The United States Inc, Team O N E16200 Millsford Ct, Charlotte, NC 28277-2092NC2014-08$0
13Andrews Youth Basketball Assoc74 Aquone Rd, Andrews, NC 28901-9253NC2005-12$0
14Bells Sports204 E 4th St, Weldon, NC 27890-1525NC2004-01$0
15Born 2 BallPO BOX 680051, Charlotte, NC 28216NC2012-01$0
16Bp Basketball Inc11402 James Jack Ln, Charlotte, NC 28277NC2012-09$0
17Buncombe Lady GatorsPO BOX 1808, Weaverville, NC 28787-1808NC2004-06$0
18Burlington Lady Staz2707 Mirror Lake Dr, Burlington, NC 27215-5441NC2004-02$0
19Cape Fear Youth Association Inc, Cape Fear Community Outreach IncP O Box 429, Fayetteville, NC 28302NC2004-01$0
20Capital Ballers Association3616 Marshlane Way, Raleigh, NC 27610-4277NC2012-03$0
Number of organizations performing similar types of work
Alaska8
Alabama27
Arkansas21
Arizona44
California274
Colorado55
Connecticut44
District of Columbia10
Delaware6
Florida162
Georgia87
Hawaii13
Iowa17
Idaho8
Illinois113
Indiana61
Kansas18
Kentucky27
Louisiana26
Massachusetts79
Maryland78
Maine8
Michigan65
Minnesota95
Missouri56
Mississippi8
Montana5
North Carolina90
North Dakota1
Nebraska21
New Hampshire12
New Jersey109
New Mexico16
Nevada18
New York159
Ohio112
Oklahoma29
Oregon49
Pennsylvania95
Rhode Island9
South Carolina29
South Dakota5
Tennessee53
Texas239
Utah10
Virginia90
Vermont5
Washington99
Wisconsin104
West Virginia21
Wyoming4
International5
Total2,799

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