North American Cambridge Classics Project in Virginia Beach, Virginia (VA)

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North American Cambridge Classics Project
Employer Identification Number (EIN)541851535
Name of OrganizationNorth American Cambridge Classics Project
In Care of NameThe Organization
Address1083 Independence Blvd 110, Virginia Beach, VA 23455-5523
ActivitiesDescribed in section 509(a)(2) of the Code, Literary activities
SubsectionEducational Organization
Ruling Date07/1997
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$177,843
Amount of Income$71,748
Form 990 Revenue Amount$69,189
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Culture, and Humanities (Not Elsewhere Classified)


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Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$55,755$49,579$56,253
Contributions, gifts, grants, and similar amounts received$855$885$1,605
Program service revenue including government fees and contracts$47,778$39,870$48,190
Membership dues and assessments$1,525$1,375$1,900
Investment income$1,074$843$927
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$4,490$6,578$3,591
Gross sales of inventory, less returns and allowances$5,922$9,287$6,054
Less: cost of goods sold$1,432$2,709$2,463
Other revenue$33$28$40
Total expenses$55,819$56,575$65,322
Total net assets$176,928$169,466$164,203
Excess/Deficit for the year$-64$-6,996$-9,069
Net assets or fund balances at beginning of year$174,948$176,928$169,466
Other changes in net assets or fund balances$2,044$-466$3,806
Net assets or fund balances at end of year$169,466$164,203
Balance Sheets
201120122013
Total assets$176,928$169,466$164,203
Total liabilities$0$0$0
Net assets or fund balances$176,928$169,466$164,203
Other Information
201120122013
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?NoNo
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?NoNo
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$361,924
Subtotal$361,924
Gifts, grants, contributions, and membership fees received$12,744
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$349,180
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$367,950
Public support$361,924
Subtotal$6,026
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$6,026
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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