Greensboro Chamber Foundation in Greensboro, North Carolina (NC)
Table of contents:
| Greensboro Chamber Foundation | |
| Employer Identification Number (EIN) | 237181435 |
| Name of Organization | Greensboro Chamber Foundation |
| Address | 342 N Elm St, Greensboro, NC 27401-2141 |
| Activities | Gifts, grants, or loans to other organizations, Other inner city or community benefit activities |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 05/1972 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $240,023 |
| Amount of Income | $49,605 |
| Form 990 Revenue Amount | $45,794 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $49,605 (it was $54,639 in 2012)
| Greensboro Chamber Foundation: | $49,605 |
| Other organizations performing similar types of work: | $79,835 |
Assets in 2013: $240,023 (it was $210,395 in 2012)
| This organization: | $240,023 |
| Other organizations performing similar types of work: | $109,083 |
Expenses in 2013: $42,135
| This organization: | $42,135 |
| Other organizations performing similar types of work: | $38,188 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 33.8%
| Greensboro Chamber Foundation: | 33.8% |
| Other organizations performing similar types of work: | 77.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $75,721 | $50,842 | $45,794 |
| Contributions, gifts, grants, and similar amounts received | $48,011 | $17,035 | $15,490 |
| Program service revenue including government fees and contracts | $24,240 | $29,920 | $24,010 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $5,775 | $6,589 | $8,950 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-2,305 | $-2,702 | $-2,656 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $750 | $1,095 | $1,155 |
| Less: direct expenses from gaming and fundraising events | $3,055 | $3,797 | $3,811 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $79,030 | $45,569 | $42,135 |
| Total net assets | $180,753 | $199,475 | $233,183 |
| Excess/Deficit for the year | $-3,309 | $5,273 | $3,659 |
| Net assets or fund balances at beginning of year | $194,729 | $180,753 | $199,475 |
| Other changes in net assets or fund balances | $-10,667 | $13,449 | $30,049 |
| Net assets or fund balances at end of year | $199,475 | $233,183 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $190,108 | $210,395 | $240,023 |
| Total liabilities | $9,355 | $10,920 | $6,840 |
| Net assets or fund balances | $180,753 | $199,475 | $233,183 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 supported | 0 |
| 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 | $72,691 |
| Subtotal Support | $125,457 |
| Gifts, grants, contributions, and membership fees received | $125,457 |
| 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 | $52,766 |
| Total Support | $154,502 |
| Public Support | $125,457 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $29,045 |
| 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. | $127,280 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Policy Forum Endowment Fund | 1615 H St Nw, Washington, DC 20062-0001 | DC | 2013-08 | $2,027,660 |
| 2 | Odessa Hispanic Chamber Of Commerce | 119 West 4th Ste 202, Odessa, TX 79761-5015 | TX | 2011-11 | $245,086 |
| 3 | Gaston Together Communites Of Excellence | PO BOX 817, Gastonia, NC 28053-0817 | NC | 1998-11 | $219,074 |
| 4 | Arello Foundation | 150 N Wacker Dr Ste 920, Chicago, IL 60606-1682 | IL | 2010-02 | $155,852 |
| 5 | Charleston Chamber Foundation | 4500 Leeds Avenue Suite 100, North Charleston, SC 29405 | SC | 2010-04 | $112,500 |
| 6 | Richmond Nawbo Foundation | PO BOX 3211, Richmond, VA 23228-9704 | VA | 2001-07 | $85,703 |
| 7 | Fuel Foundation | 3930 Pender Dr Ste 340, Fairfax, VA 22030-0986 | VA | 2014-01 | $79,835 |
| 8 | Wisconsin Academy Of Pediatrics Foundation Inc | 563 Carter Court Suite B, Kimberly, WI 54136-2201 | WI | 1999-06 | $74,997 |
| 9 | Icbm Education Foundation | 2600 Eagan Woods Dr Ste 200, Eagan, MN 55121-1152 | MN | 2008-11 | $66,849 |
| 10 | Greensboro Chamber Foundation | 342 N Elm St, Greensboro, NC 27401-2141 | NC | 1972-05 | $49,605 |
| 11 | Better Business Bureau Foundation Of Eastern Washington And North Id | 152 S Jefferson St Ste 200, Spokane, WA 99201-4524 | WA | 2003-09 | $15,437 |
| 12 | Society Of Radiologists In Ultrasound Foundation | 1891 Preston White Dr, Reston, VA 20191-4326 | VA | 2010-02 | $9,579 |
| 13 | Corning Area Chamber Of Commercefoundation Inc | 1 W Market St Ste 202, Corning, NY 14830-2680 | NY | 2009-03 | $9,185 |
| 14 | Tulsa Press Club Foundation Inc | 415 S Boston, Tulsa, OK 74103-5021 | OK | 2009-05 | $8,800 |
| 15 | American Boat Builders And Repairers Foundation Inc | 48 Water Street, Warren, RI 02885 | RI | 2005-01 | $1,125 |
| 16 | Walla Walla Valley Chamber Foundation | 29 E Sumach Street, Walla Walla, WA 99362 | WA | 2009-06 | $500 |
| 17 | Abilene Black Chamber Of Commerce Charitable Fund | 401 Cypress Street Suite 420, Abilene, TX 79601 | TX | 2014-11 | $0 |
| 18 | American College Of Multiple Specialties In Podiatry | 1350 Broadway Suite 1705, New York, NY 10018 | NY | 2009-08 | $0 |
| 19 | Atlantic City Convention & Visitors Authority Foundation Inc | 2314 Pacific Ave, Atlantic City, NJ 08401-6629 | NJ | 2009-09 | $0 |
| 20 | Big Pine & Lower Keys Rotary Foundation | Po Box 431957, Big Pine Key, FL 33043 | FL | 2007-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 50 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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