Friends Of The Museum North Carolina Maritime Museum Inc in Beaufort, North Carolina (NC)

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Friends Of The Museum North Carolina Maritime Museum Inc
Employer Identification Number (EIN)561278009
Name of OrganizationFriends Of The Museum North Carolina Maritime Museum Inc
Address315 Front St, Beaufort, NC 28516-2124
ActivitiesApprentice training
SubsectionEducational Organization
Ruling Date02/1981
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 Period12/2013
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$684,043
Amount of Income$497,671
Form 990 Revenue Amount$478,247


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

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$455,063
Contributions, Gifts, Grants and Other Similar Amounts$231,634
Program Service Revenue$100,899
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,323
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$47,740
Gross rents (Real / Personal)$47,740 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$47,740 / $0
Net gain from sales of assets other than inventory$300
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $300
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0
Gain or (loss) (Securities / Other)$0 / $300
Net income from fundraising events$55,509
Gross income from fundraising events$55,509
Less: direct expenses$0
Net income from gaming activities$0
Net income from sales of inventory$15,658
Gross sales of inventory, less returns and allowances$36,800
Less: cost of goods sold$21,142
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$437,408
Compensation of current officers, directors, trustees, and key employees$44,628
Other salaries and wages$56,235
Payroll taxes$7,716
Professional fundraising services$0
Other$328,829
Balance Sheet (for 2012)
Total assets$637,764
Total liabilities$463,744
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$461,958
Unsecured notes and loans payable to unrelated third parties$0
Other$1,786
Total net assets or fund balances$174,020
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$1,596,636
Gifts, grants, contributions, and membership fees received$1,481,074
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$115,562
Gross receipts from related activities, etc.$193,208
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