Logic Ministries in Kernersville, North Carolina (NC)

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Logic Ministries
Employer Identification Number (EIN)311557804
Name of OrganizationLogic Ministries
In Care of NameChuck Catanese
Address301 Southwood Dr, Kernersville, NC 27284-7946
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Missionary activities
SubsectionReligious Organization
Ruling Date05/1998
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$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$4,920
Amount of Income$40,665
Form 990 Revenue Amount$40,665
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Christian


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Amount of income in 2013: $40,665 (it was $38,893 in 2012)
Logic Ministries: 

 $40,665
Other organizations performing similar types of work: 

 $266,106

Assets in 2013: $4,920 (it was $4,595 in 2012)
This organization: 

 $4,920
Other organizations performing similar types of work: 

 $413,935

Expenses in 2013: $40,340
Logic Ministries: 

 $40,340
Other organizations performing similar types of work: 

 $144,402

Income to expenses ratio in 2013: 1.0
Logic Ministries: 

 1.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 51.8%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$53,168$38,893$40,665
Contributions, gifts, grants, and similar amounts received$53,168$38,893$40,665
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$42,285$45,241$40,340
Total net assets$10,943$4,595$4,920
Excess/Deficit for the year$10,883$-6,348$325
Net assets or fund balances at beginning of year$60$10,943$4,595
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$4,595$4,920
Balance Sheets
201120122013
Total assets$10,943$4,595$4,920
Total liabilities$0$0$0
Net assets or fund balances$10,943$4,595$4,920
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i)
Number of organizations supported0
Sum of amounts of support$0

1 User Review:

rev. k. vinod kumar

Added on Dec 26, 2014 10:04 AM
IP: 175.101.54.xxx
Visited on Dec 26, 2014 9:00 PM
Program:
n/a
Fundraising:
n/a
Expenses:
n/a
Transparency:
n/a
Would you recommend Logic Ministries to others? Yes
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Steer IncPO BOX 1236, Bismarck, ND 58502-1236ND1962-09$3,031,662
2Missionary Advancement62 Leather Oak Trl, Clayton, NC 27520-3655NC1984-12$558,032
3Tulsa Christian Foundation IncPO BOX 4834, Tulsa, OK 74159-0834OK1969-05$348,272
4Logic Ministries301 Southwood Dr, Kernersville, NC 27284-7946NC1998-05$40,665
5Religious Ministries Fund, NamastePo Box 86442, Portland, OR 97286-0442OR1987-12$34,994
6Korean-American Presbyterian Missions Inc21083 Gary Dr, Hayward, CA 94546-6136CA1995-02$10
7Advent Christian Church Building Loan Fund IncPO BOX 23152, Charlotte, NC 28227-3152NC1981-05$0
8Androscoggin Valley Bread Of Life Christian CenterPO BOX 555, Berlin, NH 03570-0555NH1997-09$0
9Association Of Christians United In Philanthropy10076 Oakwood Dr, El Paso, TX 79924TX1998-04$0
10Christian Missionary Fellowship Of Pennsylvania362 Maple Ave, Southampton, PA 18966-3524PA1973-01$0
11Church Fellowship International Inc1519 Young St, Henderson, TX 75654-4625TX1991-03$0
12Church Of Scientology Flag Ship Service Organization Inc, Flag Ship Service Org118 N Fort Harrison Ave, Clearwater, FL 33755-4019FL1997-11$0
13Friendship Baptist ChurchPO BOX 19536, Rochester, NY 14619-0536NY1996-02$0
14Global Vision3735 Ridge Line Drive, San Bernardino, CA 92407CA1977-10$0
15Loizeaux Brothers Inc100 S Charles St Ste 1401, Baltimore, MD 21201-2703MD1947-01$0
16Nehemiah Foundation3000 County Rd 42 W Ste 300, Burnsville, MN 55337-4827MN1986-12$0
17New Vision Full Gospel Baptist Church209 4th Ave, East Orange, NJ 07017-4803NJ1997-02$0
18Spirit Of Peace Missionary Baptist Church4300 Belrad Dr, Louisville, KY 40218-3604KY1996-06$0
19Word International Fellowship IncPO BOX 2816, North Babylon, NY 11703-0816NY1996-09$0
20Zion Evangelical Lutheran Endowment Fund Inc508 Mentor Ave, Painesville, OH 44077-2628OH1996-09$0
Number of organizations performing similar types of work
California4
Colorado3
District of Columbia1
Florida1
Indiana3
Kentucky1
Louisiana1
Maryland1
Maine1
Michigan1
Minnesota2
Missouri1
North Carolina3
North Dakota1
New Hampshire1
New Jersey1
New York2
Ohio1
Oklahoma1
Oregon2
Pennsylvania2
Texas3
Wisconsin1
International1
Total39

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