Woolly Worm Festival Of Banner Elk Nc in Banner Elk, North Carolina (NC)
Table of contents:
| Woolly Worm Festival Of Banner Elk Nc | |
| Employer Identification Number (EIN) | 454824694 |
| Name of Organization | Woolly Worm Festival Of Banner Elk Nc |
| In Care of Name | Thomas G Mcmurray |
| Address | PO BOX 295, Banner Elk, NC 28604-0295 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2012 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $86,425 |
| Amount of Income | $123,579 |
| Form 990 Revenue Amount | $108,839 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Fairs, County and Other |
Non-representatives - add comments:
Amount of income in 2013: $123,579 (it was $187,194 in 2012)
| This organization: | $123,579 |
| Other organizations performing similar types of work: | $88,559 |
Assets in 2013: $86,425 (it was $78,415 in 2012)
| Woolly Worm Festival Of Banner Elk Nc: | $86,425 |
| Other organizations performing similar types of work: | $44,967 |
Expenses in 2013: $100,829
| Woolly Worm Festival Of Banner Elk Nc: | $100,829 |
| Other organizations performing similar types of work: | $68,935 |
Income to expenses ratio in 2013: 1.2
| Woolly Worm Festival Of Banner Elk Nc: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 7.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $157,126 | $108,839 |
| Contributions, gifts, grants, and similar amounts received | $69,152 | $24 |
| Program service revenue including government fees and contracts | $2,500 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $167 | $23 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $85,307 | $108,792 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $115,375 | $123,532 |
| Less: direct expenses from gaming and fundraising events | $30,068 | $14,740 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $78,711 | $100,829 |
| Total net assets | $78,415 | $86,425 |
| Excess/Deficit for the year | $78,415 | $8,010 |
| Net assets or fund balances at beginning of year | $0 | $78,415 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $78,415 | $86,425 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $78,415 | $86,425 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $78,415 | $86,425 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $310,583 |
| Subtotal | $310,583 |
| Gifts, grants, contributions, and membership fees received | $71,676 |
| 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 | $238,907 |
| 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 | $310,583 |
| Public support | $310,583 |
| 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 | Greater Cashiers Area Merchants Association Inc | PO BOX 1111, Cashiers, NC 28717-1111 | NC | 2011-08 | $279,731 |
| 2 | Woolly Worm Festival Of Banner Elk Nc | PO BOX 295, Banner Elk, NC 28604-0295 | NC | 2012-06 | $123,579 |
| 3 | The North Carolina Holiday Flotilla At Wrightsville Beach Cor | PO BOX 713, Writsvlle Bch, NC 28480-0713 | NC | 2005-06 | $81,924 |
| 4 | Southern Culture Society | 200 Brookstown Ave Ste 304, Winston Salem, NC 27101 | NC | 2012-03 | $52,267 |
| 5 | Taylorsville Apple Festival Inc | P O Box 87, Taylorsville, NC 28681 | NC | 2009-02 | $33,175 |
| 6 | Stanly Regional Agricultural Fair | 48440 Piney Point Rd, Norwood, NC 28128-8480 | NC | 2013-04 | $26,297 |
| 7 | Appalachian Highland Games Inc | PO BOX 596, Murphy, NC 28906 | NC | 2005-05 | $0 |
| 8 | Asheville Mardi Gras | 6 Rose Hill Rd, Asheville, NC 28803 | NC | 2012-08 | $0 |
| 9 | Brunswick Family Day Fair And Expo Inc | 5285 Main St Ste 12, Shallotte, NC 28470-3456 | NC | 2014-10 | $0 |
| 10 | Butner Citizens Planning Ahead | Po Box 146, Butner, NC 27509 | NC | 2004-02 | $0 |
| 11 | Canton Educational Foundation | PO BOX 767, Canton, NC 28716-0767 | NC | 2003-09 | $0 |
| 12 | Downtown Elkin Inc | Po Box 52, Elkin, NC 28621 | NC | 2012-02 | $0 |
| 13 | East Carolina Livestock Arena Inc | 317 Drake Farm Road, Pinetops, NC 27864 | NC | 1999-08 | $0 |
| 14 | Hyperion Singers Inc | 719 Ransom Rd, Winston-Salem, NC 27106-3621 | NC | 2004-02 | $0 |
| 15 | Lake Norman Wine And Food Festival | Po Box 482, Huntersville, NC 28078 | NC | 2010-06 | $0 |
| 16 | Lincoln County Apple Festival Inc | 115 W Main Street, Lincolnton, NC 28092 | NC | 2014-04 | $0 |
| 17 | Mattamuskeet Indian Coalition Inc | 2324 Free Union Rd, Jamesville, NC 27846-9305 | NC | 2002-12 | $0 |
| 18 | Miss Rowan County Scholarship Pageant Inc | Po Box 973, Salisbury, NC 28145 | NC | 2010-11 | $0 |
| 19 | Piedmont Antique Power Association | Po Box 1041, Mocksville, NC 27028 | NC | 2011-07 | $0 |
| 20 | Winding River Golf Club | 1540 Turnberry Ln, Bolivia, NC 28422 | NC | 2002-02 | $0 |
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