Faro Inc in Beulaville, North Carolina (NC)

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Faro Inc
Employer Identification Number (EIN)561760293
Name of OrganizationFaro Inc
AddressPO BOX 369, Beulaville, NC 28518-0369
ActivitiesOther instruction and training
SubsectionEducational Organization
Ruling Date04/1994
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 Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$102,195
Amount of Income$105,340
Form 990 Revenue Amount$105,340


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Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$105,340
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$99,799
Membership dues and assessments$5,270
Investment income$271
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$84,757
Total net assets$102,195
Excess for the year$20,583
Net assets or fund balances at beginning of year$81,612
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$102,195
Total liabilities$0
Net assets or fund balances$102,195
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii)
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