Madison County Fairgrounds in Marshall, North Carolina (NC)
Table of contents:
| Madison County Fairgrounds | |
| Employer Identification Number (EIN) | 043810067 |
| Name of Organization | Madison County Fairgrounds |
| In Care of Name | Curtis Ross Young |
| Address | PO BOX 626, Marshall, NC 28753-0626 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2007 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $36,946 |
| Amount of Income | $26,785 |
| Form 990 Revenue Amount | $26,785 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Community Recreational Centers |
Non-representatives - add comments:
Amount of income in 2013: $26,785 (it was $30,713 in 2012)
| This organization: | $26,785 |
| Other organizations performing similar types of work: | $80,385 |
Assets in 2013: $36,946 (it was $47,790 in 2012)
| This organization: | $36,946 |
| Other organizations performing similar types of work: | $100,374 |
Expenses in 2013: $38,829
| Madison County Fairgrounds: | $38,829 |
| Other organizations performing similar types of work: | $63,143 |
Income to expenses ratio in 2013: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 25.2% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $29,106 | $30,713 | $26,785 |
| Contributions, gifts, grants, and similar amounts received | $29,106 | $30,713 | $26,785 |
| 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 | $31,039 | $28,450 | $38,829 |
| Total net assets | $12,395 | $47,790 | $2,612 |
| Excess/Deficit for the year | $-1,933 | $2,263 | $-12,044 |
| Net assets or fund balances at beginning of year | $14,328 | $45,529 | $14,656 |
| Other changes in net assets or fund balances | $0 | $-2 | $0 |
| Net assets or fund balances at end of year | $47,790 | $2,612 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $45,529 | $47,790 | $36,946 |
| Total liabilities | $33,134 | $0 | $34,334 |
| Net assets or fund balances | $12,395 | $47,790 | $2,612 |
| 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 | $148,688 |
| Subtotal Support | $148,688 |
| Gifts, grants, contributions, and membership fees received | $148,688 |
| 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 | $0 |
| Total Support | $148,688 |
| Public Support | $148,688 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wood River Community Young Mens Christian Association Inc | PO BOX 6801, Ketchum, ID 83340-6801 | ID | 1995-09 | $5,940,555 |
| 2 | Vietnamese American Communitycenter Of The East Bay | 655 International Blvd, Oakland, CA 94606-2911 | CA | 2006-12 | $337,421 |
| 3 | Emily Krzyzewski Family Life Center Inc | 904 W Chapel Hill St, Durham, NC 27701-3060 | NC | 2003-07 | $2,646,790 |
| 4 | Thetaylor Group Foundation Inc | 3435 Meridian Way, Winston Salem, NC 27104 | NC | 2011-05 | $331,685 |
| 5 | Lake Gaston Community Center Inc | Po Box 428, Gaston, NC 27832 | NC | 2009-03 | $191,217 |
| 6 | Wilson County Youth Athletic Association Inc | PO BOX 10, Lucama, NC 27851-0010 | NC | 2000-12 | $160,367 |
| 7 | Lillians List Action Fund | PO BOX 12065, Raleigh, NC 27605-2065 | NC | 2012-08 | $122,562 |
| 8 | Mid State Magic Sports Inc | 2419 Churchill Dr, Burlington, NC 27215-8136 | NC | 2009-06 | $74,651 |
| 9 | Center Community Development Association Inc | 189 Junction Rd, Mocksville, NC 27028-5314 | NC | 2010-03 | $56,194 |
| 10 | Scotland Neck Education And Recreation Foundation Inc | P O Box 313, Scotland Neck, NC 27874 | NC | 1997-11 | $28,801 |
| 11 | Ransom Activity Center Inc | 2694 General Howe Rd, Riegelwood, NC 28456-8141 | NC | 1986-11 | $25,559 |
| 12 | Triple Play Athletics Academy | 1439 Jennings Rd, Statesville, NC 28625-9514 | NC | 2012-04 | $24,875 |
| 13 | Unity Place | 201 W Franklin Blvd, Gastonia, NC 28052-4144 | NC | 2000-02 | $17,635 |
| 14 | Eastern Pender County Progressive Club Inc, Edgecomb Community Center Eastern Pender County Progressive Center | Post Office Box 1190, Hampstead, NC 28443 | NC | 2005-06 | $11,849 |
| 15 | Beaverdam Community Develop0ment Club Inc | 1620 North Canton Rd, Canton, NC 28716 | NC | 2004-08 | $8,149 |
| 16 | Asylum Ministries Inc | 2105 Trailridge Ct, Raleigh, NC 27603-5820 | NC | 1999-07 | $0 |
| 17 | Bethlehem Recreation Incorporated | Po Box 6133, Hickory, NC 28603 | NC | 2005-12 | $0 |
| 18 | Blue Jay Recreation Center | 1653 Indian Woods Rd, Windsor, NC 27983-7539 | NC | 2014-08 | $0 |
| 19 | Bynum Mill Road Community Club | 28 Bynum Park, Pinetops, NC 27864-9798 | NC | 2000-12 | $0 |
| 20 | Carver Community Center Inc | PO BOX 860, Whiteville, NC 28472-0860 | NC | 2001-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,668 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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