Victorious Community Development Corporation in Durham, North Carolina (NC)

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Victorious Community Development Corporation
Employer Identification Number (EIN)562224945
Name of OrganizationVictorious Community Development Corporation
In Care of NameGrace Nichols
Address2116 Page Rd, Durham, NC 27703-8919
SubsectionCharitable Organization
Ruling Date04/2001
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 Period12/2013
Assets$10,000 to $24,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$15,595
Amount of Income$1,002,571
Form 990 Revenue Amount$1,002,571
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Performing Arts Organizations

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Amount of income in 2013: $1,002,571 (it was $950,878 in 2012)
Victorious Community Development Corporation: 

Other organizations performing similar types of work: 


Assets in 2013: $15,595 (it was $12,455 in 2012)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2012: $856,386
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2012: 1.2
Victorious Community Development Corporation: 

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Number of employees in 2012: 49
This organization: 

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Grants share in income in 2012: 66.1%
Victorious Community Development Corporation: 

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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$950,878
Contributions, Gifts, Grants and Other Similar Amounts$628,599
Program Service Revenue$322,279
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$856,386
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$424,832
Payroll taxes$30,508
Professional fundraising services$0
Balance Sheet (for 2012)
Total assets$12,455
Total liabilities$64,637
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$64,637
Total net assets or fund balances$-52,182
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$4,214,426
Gifts, grants, contributions, and membership fees received$4,214,426
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
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Appalachian Theatre Of The High Country870 West King St Suite B, Boone, NC 28607-3457NC2013-03$1,122,916
2Victorious Community Development Corporation2116 Page Rd, Durham, NC 27703-8919NC2001-04$1,002,571
3Tryon Concert Association IncPO BOX 32, Tryon, NC 28782-0032NC2006-05$78,258
4Elizabeth R & CompanyPo Box 1718, Manteo, NC 27954NC2011-09$55,405
5Seaside Arts CouncilPO BOX 431, Swansboro, NC 28584NC2013-02$36,555
6Barriskill Dance Theatre Productions Inc3642 Shannon Rd, Durham, NC 27707-3769NC2010-11$31,464
7The 1 In 8 Foundation Inc102 Lantana Circle, Cary, NC 27513NC1998-09$3,988
8Apex Strings Boosters1501 Laura Duncan Rd, Apex, NC 27502NC2014-06$2,667
9Salett Art Center1300 Tribute Center Dr Apt 215, Raleigh, NC 27612NC2011-10$1,068
10Hearts In Motion Creative Entertainment Inc65 Glen Rd Ste 642, Garner, NC 27529-7943NC2011-03$400
11Masterpiece Performing Arts Academy IncPO BOX 33214, Charlotte, NC 28233-3214NC2004-06$152
12Actors Crib Inc7017 Streamside Drive, Charlotte, NC 28212NC2007-03$0
13African Voices Of Victory Inc2740 Woodbury Dr, Burlington, NC 27217-3290NC1994-04$0
14Angels Flight175 Carriage Club Dr Apt 1-201, Mooresville, NC 28117-9006NC2008-07$0
15Arts For Charity Of Davidson County Inc141 W 1st Ave, Lexington, NC 27292NC2011-11$0
16Black Arts Alliance Inc801 N 4th St Apt 304, Wilmington, NC 28401NC2000-06$0
17Cantaria Inc Of AshevillePo Box2577, Asheville, NC 28802-2577NC1999-10$0
18Carolina Arts Festival IncPo Box 52179, Durham, NC 27717NC2002-03$0
19Carolina Choral Artists Inc1324 Piccadilly Dr, Charlotte, NC 28211-5538NC1996-10$0
20Cary Community Choir1009 Plantation Drive, Cary, NC 27511NC2004-05$0
Number of organizations performing similar types of work
District of Columbia25
North Carolina82
North Dakota6
New Hampshire14
New Jersey93
New Mexico40
New York336
Rhode Island16
South Carolina24
South Dakota3
West Virginia12
Total3,170 is not associated with, endorsed by, or sponsored by Victorious Community Development Corporation and has no official or unofficial affiliation with Victorious Community Development Corporation