The Carolina Outreach Foundation in Durham, North Carolina (NC)
Table of contents:
| The Carolina Outreach Foundation | |
| Employer Identification Number (EIN) | 203676000 |
| Name of Organization | The Carolina Outreach Foundation |
| In Care of Name | Timothy H Brooks |
| Address | 2670 Durham Chapel Hill Blvd, Durham, NC 27707 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2006 |
| 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 | 2007 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $85,133 |
| Amount of Income | $117,243 |
| Form 990 Revenue Amount | $56,744 |
| National Taxonomy of Exempt Entities (NTEE) | Youth Development: Youth Development - Business |
Non-representatives - add comments:
Amount of income in 2007: $117,243 (it was $56,744 in 2013)
| The Carolina Outreach Foundation: | $117,243 |
| Other organizations performing similar types of work: | $83,394 |
Assets in 2007: $85,133 (it was $85,133 in 2013)
| This organization: | $85,133 |
| Other organizations performing similar types of work: | $28,254 |
Expenses in 2013: $70,775
| The Carolina Outreach Foundation: | $70,775 |
| Other organizations performing similar types of work: | $67,379 |
Income to expenses ratio in 2013: 1.7
| The Carolina Outreach Foundation: | 1.7 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 74.4%
| This organization: | 74.4% |
| Other organizations performing similar types of work: | 75.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $48,347 | $47,527 | $56,744 |
| Contributions, gifts, grants, and similar amounts received | $37,747 | $43,883 | $42,243 |
| Program service revenue including government fees and contracts | $0 | $3,644 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $14,501 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $75,000 |
| Less: cost or other basis and sales expenses | $0 | $0 | $60,499 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $10,600 | $0 | $0 |
| Total expenses | $58,718 | $35,199 | $70,775 |
| Total net assets | $48,590 | $60,918 | $46,887 |
| Excess/Deficit for the year | $-10,371 | $12,328 | $-14,031 |
| Net assets or fund balances at beginning of year | $58,961 | $48,590 | $60,918 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $60,918 | $46,887 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $138,867 | $144,981 | $85,133 |
| Total liabilities | $90,277 | $84,063 | $38,246 |
| Net assets or fund balances | $48,590 | $60,918 | $46,887 |
| 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: (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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $244,746 |
| Subtotal | $244,746 |
| Gifts, grants, contributions, and membership fees received | $230,502 |
| 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 | $14,244 |
| 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 | $244,757 |
| Public support | $244,746 |
| Subtotal | $11 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $11 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Young Entrepreneurs Academy Inc | 400 White Spruce Blvd Ste C, Rochester, NY 14623-1619 | NY | 2009-03 | $1,484,956 |
| 2 | Spy Hop Productions Inc | 511 West 200 South, Salt Lake City, UT 84101-1185 | UT | 2000-08 | $1,250,585 |
| 3 | Youth Venture Inc | 1700 N Moore St Ste 2000, Arlington, VA 22209-1921 | VA | 1995-07 | $1,194,932 |
| 4 | Young Americas Business Trust | 1889 F St Nw, Washington, DC 20006-4401 | DC | 1999-11 | $884,549 |
| 5 | Bizdom U Fund | 5260 Anthony Wayne Drive, Detroit, MI 48202 | MI | 2009-06 | $878,634 |
| 6 | Old Skool Cafe | 945 Key Av, San Franciscol, CA 94124 | CA | 2006-10 | $704,757 |
| 7 | Kiddie Hawk Air Academy | 7791 S Race St, Centennial, CO 80122 | CO | 1999-04 | $691,902 |
| 8 | Bowling Green Area Chamber Foundation Inc | 710 College Street, Bowling Green, KY 42101 | KY | 2007-06 | $497,457 |
| 9 | Teen Up-Ward Bound Inc | 717 Opa Locka Blvd, Opa Locka, FL 33054-3907 | FL | 2001-09 | $467,405 |
| 10 | The Carolina Outreach Foundation | 2670 Durham Chapel Hill Blvd, Durham, NC 27707 | NC | 2006-09 | $117,243 |
| 11 | Take Our Daughters & Sons To Work Foundation | 209 E Fearing St Apt 1, Elizabeth Cty, NC 27909-4885 | NC | 2007-10 | $83,394 |
| 12 | Camp New Life Inc | 1847 Carolina Beach Rd, Wilmington, NC 28401 | NC | 2013-04 | $0 |
| 13 | Charlton Camps For Aviation-Science And Technology Training Foundatio | 4391 Fairview Road Suite 105 A, Indian Trail, NC 28079 | NC | 2014-11 | $0 |
| 14 | Harnett County Business Education Partnership | 804 West Broad Street, Dunn, NC 28334 | NC | 2001-10 | $0 |
| 15 | Hosanna Covenant Ministries Inc | 689 Dogwood Hill Lane, Wake Forest, NC 27587 | NC | 2009-12 | $0 |
| 16 | Milestones Culinary & Hospitality Institute Inc | 1002 Cana Street, Durham, NC 27707 | NC | 2007-11 | $0 |
| 17 | Open Gateways For Youth Inc | PO BOX 12942, Winston-Salem, NC 27117-2942 | NC | 2008-02 | $0 |
| 18 | Peoples Community Foundation Inc | 4000 Westchase Blvd Ste 150, Raleigh, NC 27607 | NC | 2008-03 | $0 |
| 19 | Swey | 212 S Main St, Fairmont, NC 28340-1904 | NC | 2015-01 | $0 |
| 20 | Youth Entrepreneurial Developers & Investment Builders | 2901 Frinks St, Raleigh, NC 27610-5715 | NC | 2003-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 372 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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