The M Power Foundation Inc in Charlotte, North Carolina (NC)
Table of contents:
| The M Power Foundation Inc | |
| Employer Identification Number (EIN) | 203407106 |
| Name of Organization | The M Power Foundation Inc |
| In Care of Name | Tax Dept |
| Address | 2400 Yorkmont Rd, Charlotte, NC 28217-4511 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2006 |
| 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 | 08/2014 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $167,000 |
| Amount of Income | $426 |
| Form 990 Revenue Amount | $426 |
| National Taxonomy of Exempt Entities (NTEE) | Public Safety, Disaster Preparedness and Relief: Disaster Preparedness and Relief Services |
Non-representatives - add comments:
Amount of income in 2014: $426 (it was $7,684 in 2013)
| This organization: | $426 |
| Other organizations performing similar types of work: | $63,123 |
Assets in 2014: $167,000 (it was $167,275 in 2013)
| The M Power Foundation Inc: | $167,000 |
| Other organizations performing similar types of work: | $46,386 |
Expenses in 2013: $41,342
| This organization: | $41,342 |
| Other organizations performing similar types of work: | $52,847 |
Income to expenses ratio in 2013: 0.0
| This organization: | 0.0 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 100.0%
| The M Power Foundation Inc: | 100.0% |
| Other organizations performing similar types of work: | 90.3% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $18,260 | $15,621 | $7,684 |
| Contributions, gifts, grants, and similar amounts received | $12,661 | $3,583 | $7,684 |
| 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 | $5,599 | $12,038 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $15,301 | $38,587 | $41,342 |
| Total net assets | $223,899 | $200,933 | $167,275 |
| Excess/Deficit for the year | $2,959 | $-22,966 | $-33,658 |
| Net assets or fund balances at beginning of year | $220,940 | $223,899 | $200,933 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $200,933 | $167,275 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $223,899 | $200,933 | $167,275 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $223,899 | $200,933 | $167,275 |
| 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 | $207,601 |
| Subtotal | $459,601 |
| Gifts, grants, contributions, and membership fees received | $459,601 |
| 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 | $252,000 |
| Amounts received from disqualified persons | $252,000 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $459,601 |
| Public support | $459,601 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Us Veterans Corps Usvc United States Veterans Corps | 9704 Kingsford Dr, Cary, NC 27518-1538 | NC | 2012-08 | $1,062,032 |
| 2 | Sandy Mush Volunteer Fire Department Inc | 557 Us Highway 221a, Forest City, NC 28043-5907 | NC | 2013-05 | $228,918 |
| 3 | Four Way Volunteer Fire Department Inc | PO BOX 362, Mount Airy, NC 27030-0362 | NC | 2010-01 | $198,504 |
| 4 | South Orange Rescue Squad Inc | PO BOX 128, Carrboro, NC 27510-0128 | NC | 2005-01 | $176,781 |
| 5 | Twin County Interfaith Recovery Initiative | 2309 Sunset Ave, Rocky Mount, NC 27804-2529 | NC | 2001-09 | $161,107 |
| 6 | Wake Interfaith Disaster Team | 8210 Creedmoor Road Suite 104, Raleigh, NC 27613-1388 | NC | 2004-05 | $69,388 |
| 7 | Mission Flight Group | 144 Ashmoor Lane, Lexingon, NC 27295 | NC | 2011-07 | $59,025 |
| 8 | Genesis Charitable Relief Fund For Catastrophe Relief Inc | 3400 Beatties Ford Road, Charlotte, NC 28216 | NC | 2006-02 | $20,055 |
| 9 | Haitian Heritage & Friends Of Haiti | 5502 Bentgrass Run Dr, Charlotte, NC 28269 | NC | 2010-09 | $15,576 |
| 10 | Waste Industries Employee Assistance Fund Inc | 3301 Benson Dr Ste 601, Raleigh, NC 27609-7331 | NC | 2000-03 | $7,408 |
| 11 | Haywood County Amateur Radio Club | Po Box 1435, Waynesville, NC 28786 | NC | 2011-02 | $2,029 |
| 12 | The M Power Foundation Inc | 2400 Yorkmont Rd, Charlotte, NC 28217-4511 | NC | 2006-02 | $426 |
| 13 | 1st Hand Inc | 7507c Quail Wood Drive, Charlotte, NC 28226 | NC | 2006-02 | $0 |
| 14 | Albemarle Cert | 117 Shenandoah River Drive, Hertford, NC 27944 | NC | 2011-08 | $0 |
| 15 | Appalachian Mountain Rescue Team | 108 Riverwoods Dr, Morganton, NC 28655-0012 | NC | 2015-03 | $0 |
| 16 | Ashe County Honor Guard | PO BOX 135, West Jefferson, NC 28694 | NC | 2009-04 | $0 |
| 17 | Bb&t Employee Disaster Relief Fund | PO BOX 2907 - TRUST TAX DEPT, Wilson, NC 27894-2907 | NC | 2000-02 | $0 |
| 18 | Calabash Fire Department Auxillary Inc | 892 Persimmon Road, Calabash, NC 28467 | NC | 2014-08 | $0 |
| 19 | Cape Fear Conference Emergencymanagement | 7043 Woodbridge Rd, Stantonsburg, NC 27883-9329 | NC | 2006-10 | $0 |
| 20 | Carolina Christcare | 105 S Church St Ste D, Clayton, NC 27520-2419 | NC | 2005-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,800 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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