Center For Creative Economy in Winstonsalem, North Carolina (NC)

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Center For Creative Economy
Employer Identification Number (EIN)275003133
Name of OrganizationCenter For Creative Economy
In Care of NameMargaret Collins
Address5212 Cedarwood Creek Drive, Winstonsalem, NC 27104
Websitehttp://centerforcreativeeconomy.com
SubsectionCharitable Organization
Ruling Date05/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2011
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$23,096
Amount of Income$112,548
Form 990 Revenue Amount$112,548
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2011: $112,548 (it was $112,548 in 2013)
Center For Creative Economy: 

 $112,548
Other organizations performing similar types of work: 

 $135,279

Assets in 2011: $23,096 (it was $23,096 in 2013)
Center For Creative Economy: 

 $23,096
Other organizations performing similar types of work: 

 $114,906

Expenses in 2013: $112,823
Center For Creative Economy: 

 $112,823
Other organizations performing similar types of work: 

 $121,073

Income to expenses ratio in 2013: 1.0
Center For Creative Economy: 

 1.0
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: 18.7%
This organization: 

 18.7%
Other organizations performing similar types of work: 

 8.8%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$112,548
Contributions, gifts, grants, and similar amounts received$21,000
Program service revenue including government fees and contracts$91,548
Membership dues and assessments$0
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$112,823
Total net assets$497
Excess/Deficit for the year$-275
Net assets or fund balances at beginning of year$772
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$497
Balance Sheets
2013
Total assets$23,096
Total liabilities$22,599
Net assets or fund balances$497
Other Information
2013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?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 supported0
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$24,000
Subtotal Support$24,000
Gifts, grants, contributions, and membership fees received$24,000
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$24,000
Public Support$24,000
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
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.$91,548
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1West River Foundation For Economic And Community DevelopmentPO BOX 605, Sturgis, SD 57785-0605SD2000-10$1,093,865
2Renew North Carolina Foundation Inc2000 Renaissance Plaza, Greensboro, NC 27401NC2014-01$1,321,356
3Southern Rural Development Initiative Inc128 E Hargett Street, Raleigh, NC 27601-1460NC1996-05$1,206,314
4Direct Establishments, Del Sol Const And LandscapingPO BOX 3202, Cary, NC 27519-3202NC2014-06$1,200,000
5Sequoyah Fund Inc810 Acquioni Rd, Cherokee, NC 28719NC2014-11$807,122
6Wayne County Development AllianceincPO BOX 1280, Goldsboro, NC 27533-1280NC2009-12$754,350
7Scotland Development Corporation606 Atkinson St, Laurinburg, NC 28352-4405NC2003-02$527,293
8Hillsborough Street Community Service Corporation2416 Hillsborough St, Raleigh, NC 27607-7248NC2011-06$461,198
9Wilkes Economic Development Corporation213 9th St, N Wilkesboro, NC 28659-4103NC2003-06$454,853
10Southeast Raleigh Assembly Inc, Sera Inc19 W Hargett St Ste 200, Raleigh, NC 27601-2937NC2010-04$229,968
11The Surry County Economic Development Foundation IncP O Box 1282 118 Hamby Road-Suite 146, Dobson, NC 27017NC2007-05$193,833
12Caldwell 2020 Inc2855 Hickory Blvd, Hudson, NC 28638-2672NC2009-10$156,000
13Stanly County Convention And Visitors Bureau Inc1000 N 1st St Ste 11, Albemarle, NC 28001-2848NC2004-11$114,242
14Center For Creative Economy5212 Cedarwood Creek Drive, Winstonsalem, NC 27104NC2011-05$112,548
15Centralina Economic Development Commission Inc525 N Tryon St - 12th Fl, Charlotte, NC 28202-0202NC2007-03$112,177
16Cape Fear Future Foundation Inc1 Estelle Lee Pl, Wilmington, NC 28401-3360NC2010-10$106,740
17Sustainable Prosperity IncPO BOX 1758, Pittsboro, NC 27312-1758NC2011-02$100,200
18Unisal101 W Sugar Creek Rd Unit-2, Charlotte, NC 28213NC2003-03$64,665
19Triangle Technology Executives Council Inc, Ttec104 Pahlmeyer Pl, Cary, NC 27519-2880NC2009-12$51,744
20Thomasville Chamber Foundation IncPO BOX 1400, Thomasville, NC 27361-1400NC2009-12$37,500
Number of organizations performing similar types of work
Alaska23
Alabama64
Arkansas29
Arizona41
California299
Colorado47
Connecticut39
District of Columbia35
Delaware8
Florida134
Georgia71
Hawaii27
Iowa63
Idaho15
Illinois108
Indiana79
Kansas46
Kentucky50
Louisiana73
Massachusetts46
Maryland54
Maine37
Michigan101
Minnesota55
Missouri99
Mississippi38
Montana36
North Carolina125
North Dakota13
Nebraska37
New Hampshire25
New Jersey61
New Mexico41
Nevada16
New York213
Ohio149
Oklahoma39
Oregon51
Pennsylvania173
Rhode Island6
South Carolina63
South Dakota34
Tennessee56
Texas168
Utah17
Virginia62
Vermont16
Washington47
Wisconsin61
West Virginia39
Wyoming14
International10
Total3,253

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