Preservation Greensboro Development Fund Inc in Greensboro, North Carolina (NC)

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Preservation Greensboro Development Fund Inc
Employer Identification Number (EIN)311264689
Name of OrganizationPreservation Greensboro Development Fund Inc
In Care of NameMarsh Prause
AddressPo Box 13136, Greensboro, NC 27415
ActivitiesOther cultural or historical activities
SubsectionCharitable Organization
Ruling Date07/1991
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 Period2008
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$226,012
Amount of Income$57,275
Form 990 Revenue Amount$-28,683
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities:


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Amount of income in 2008: $57,275 (it was $-28,683 in 2013)
Preservation Greensboro Development Fund Inc: 

 $57,275
Other organizations performing similar types of work: 

 $168,548

Assets in 2008: $226,012 (it was $226,012 in 2013)
This organization: 

 $226,012
Other organizations performing similar types of work: 

 $659,643

Expenses in 2013: $17,857
This organization: 

 $17,857
Other organizations performing similar types of work: 

 $121,005

Income to expenses ratio in 2013: 3.2
Preservation Greensboro Development Fund Inc: 

 3.2
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: -17.4%
This organization: 

 -17.4%
Other organizations performing similar types of work: 

 50.1%

Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2010201120122013
Total revenue$18,361$31,315$-28,683
Contributions, gifts, grants, and similar amounts received$10,000$31,000$5,000
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$499$15$175
Gain/Loss from sale of assets other than inventory$7,862$0$-34,379
Gross amount from sale of assets other than inventory$76,000$0$51,579
Less: cost or other basis and sales expenses$68,138$0$85,958
Net income/loss from gaming and fundraising events$0$5,452$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$300$521
Total expenses$20,652$23,647$17,857
Total net assets$93,400$253,762$214,022
Excess/Deficit for the year$-2,291$7,668$-46,540
Net assets or fund balances at beginning of year$95,691$225,919$253,762
Other changes in net assets or fund balances$0$20,175$6,800
Net assets or fund balances at end of year$253,762$214,022
Balance Sheets
2010201120122013
Total assets$93,400$228,557$258,834$226,012
Total liabilities$0$2,638$5,072$11,990
Net assets or fund balances$93,400$253,762$214,022
Other Information
2010201120122013
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?NoNoNo
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?NoNoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$231,864
Subtotal$231,864
Gifts, grants, contributions, and membership fees received$231,864
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
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
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$234,691
Public support$231,864
Subtotal$2,006
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2,006
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$821
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Lynnwood Foundation400 Hermitage Rd, Charlotte, NC 28207-1842NC1996-12$5,621,651
2Whalehead Preservation Trust And The Currituck Wildlife Museum, Whalehead ProjectPO BOX 307, Corolla, NC 27927-0307NC1995-01$1,340,757
3Snow Camp Historical Drama Society IncPO BOX 535, Snow Camp, NC 27349-0535NC1971-06$108,509
4Western North Carolina Historical Association Incorporation283 Victoria Rd, Asheville, NC 28801-4817NC1974-01$107,765
5Preservation Greensboro Development Fund IncPo Box 13136, Greensboro, NC 27415NC1991-07$57,275
6Alleghany Historical Genealogical Society Inc, Alleghany Historical SocietyPO BOX 817, Sparta, NC 28675NC1995-09$0
7Badger-Iredell Foundation Inc8000 Weston Parkway Suite 330, Cary, NC 27513NC1974-01$0
8Davis Chapel Historic Association Inc158 Mae Ave, Stokesdale, NC 27357NC1998-03$0
9East Tennessee & Western North Carolina Railroad Historical SociePo Box 154, Mcgrady, NC 28649-0154NC1994-11$0
10Federal Point Historic Preservation Society IncBox 623, Carolina Beach, NC 28428NC1995-07$0
11Gaston Agriculture Mechanical And Textile Restoration AssociationPo Box 839, Dallas, NC 28034NC1997-11$0
12Gates County Historical Society148 Turner Rd, Eure, NC 27935NC1983-11$0
13Greensboro Chapter National Railway Historical Society4019 Brookhaven Court, Mebane, NC 27302-9604NC1978-03$0
14Halifax County Historical AssociationP O Box 12, Halifax, NC 27839NC1997-02$0
15Historic BoonePO BOX 362, Boone, NC 28607-0362NC1998-02$0
16Hyde County Historical & Genealogical SocietyPo Box 517, Engelhard, NC 27824NC1995-06$0
17Jacob Holt House Foundation IncPo Box 441, Warrenton, NC 27589NC1991-08$0
18Living History Assoication Of Mecklenburg, 13th Nc Co B9225 Surrey Rd, Chralotte, NC 28227NC1996-03$0
19National Maritime Alliance Inc101 Wesley Rd, Greenville, NC 27858NC1992-04$0
20North Randolph Historical Society IncPo Box 1341, Randleman, NC 27317NC1997-01$0
Number of organizations performing similar types of work
Alaska7
Alabama21
Arkansas16
Arizona15
California124
Colorado24
Connecticut31
District of Columbia14
Delaware5
Florida52
Georgia42
Hawaii10
Iowa23
Idaho2
Illinois54
Indiana44
Kansas26
Kentucky26
Louisiana17
Massachusetts73
Maryland45
Maine27
Michigan38
Minnesota41
Missouri43
Mississippi12
Montana6
North Carolina48
North Dakota6
Nebraska13
New Hampshire13
New Jersey52
New Mexico5
Nevada1
New York145
Ohio65
Oklahoma15
Oregon30
Pennsylvania112
Rhode Island18
South Carolina13
South Dakota6
Tennessee27
Texas60
Utah7
Virginia63
Vermont12
Washington31
Wisconsin29
West Virginia16
Wyoming5
Total1,630

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