National Regenerative Medicine Foundation in Winstonsalem, North Carolina (NC)

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National Regenerative Medicine Foundation
Employer Identification Number (EIN)202710571
Name of OrganizationNational Regenerative Medicine Foundation
Address345 N Stratford Road, Winstonsalem, NC 27104
SubsectionEducational Organization, Charitable Organization
Ruling Date06/2005
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period2009
Assets$1 to $9,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$4,567
Amount of Income$20,638
Form 990 Revenue Amount$20,638
National Taxonomy of Exempt Entities (NTEE)Medical Research: Fund Raising and/or Fund Distribution

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Amount of income in 2009: $20,638 (it was $20,638 in 2013)
This organization: 

Other organizations performing similar types of work: 


Assets in 2009: $4,567 (it was $4,567 in 2013)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2013: $20,575
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 1.0
National Regenerative Medicine Foundation: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 9.1%
National Regenerative Medicine Foundation: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$161,817$37,498$20,638
Contributions, gifts, grants, and similar amounts received$10,553$0$1,888
Program service revenue including government fees and contracts$151,264$37,498$18,750
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$187,383$37,498$20,575
Total net assets$25,132$4,504$4,567
Excess/Deficit for the year$-25,566$0$63
Net assets or fund balances at beginning of year$50,698$4,504$4,504
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$20,434$25,232$4,567
Balance Sheets
Total assets$25,132$4,504$4,567
Total liabilities$0$0$0
Net assets or fund balances$25,132$4,504$4,567
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
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?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
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?NoNoNo
Total amount involved$0$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?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
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 supported0
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$26,926
Subtotal Support$63,441
Gifts, grants, contributions, and membership fees received$63,441
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$36,515
Total Support$63,441
Public Support$63,441
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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Number of organizations performing similar types of work
District of Columbia11
North Carolina18
New Hampshire4
New Jersey38
New Mexico2
New York90
Rhode Island1
South Carolina7
South Dakota1
Total878 is not associated with, endorsed by, or sponsored by National Regenerative Medicine Foundation and has no official or unofficial affiliation with National Regenerative Medicine Foundation