Committee For Monetary Research And Education Inc in Charlotte, North Carolina (NC)

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Committee For Monetary Research And Education Inc
Employer Identification Number (EIN)237107629
Name of OrganizationCommittee For Monetary Research And Education Inc
In Care of NameE B Currier
Address10004 Greenwood Ct, Charlotte, NC 28215-9621
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Scientific research (diseases), Contact or sponsored scientific research for industry
SubsectionEducational Organization, Scientific Organization
Ruling Date02/1972
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$37,770
Amount of Income$65,547
Form 990 Revenue Amount$52,831

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Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$46,645$61,673$76,150$52,831
Contributions, gifts, grants, and similar amounts received$5,400$7,560$11,095$0
Program service revenue including government fees and contracts$35,353$44,736$33,198$37,266
Membership dues and assessments$4,720$6,608$7,652$0
Investment income$1,172$2,062$1,445$1,518
Gain/Loss from sale of assets other than inventory$0$0$22,760$14,047
Gross amount from sale of assets other than inventory$0$0$45,830$26,763
Less: cost or other basis and sales expenses$0$0$23,070$12,716
Net income/loss from gaming and fundraising events$0$0$0$0
Gross profit/loss from sales of inventory$0$707$0$0
Other revenue$0$0$0$0
Total expenses$50,108$59,891$101,727$99,504
Total net assets$200,877$204,694$148,169$29,370
Excess/Deficit for the year$-3,463$1,782$-25,577$-46,673
Net assets or fund balances at beginning of year$175,923$200,877$204,694$148,169
Other changes in net assets or fund balances$28,417$2,035$-30,948$-72,126
Net assets or fund balances at end of year$204,694$148,169$29,370
Balance Sheets
Total assets$284,511$288,170$154,469$37,770
Total liabilities$83,634$83,476$6,300$8,400
Net assets or fund balances$200,877$204,694$148,169$29,370
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
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?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
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?NoNoNo
Total amount involved$0$0$0
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities$0$0$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?NoNoNo
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$237,602
Gifts, grants, contributions, and membership fees received$51,863
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$185,739
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
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$237,602
Public support$237,602
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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