Churchnet Foundation in Wake Forest, North Carolina (NC)

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Churchnet Foundation
Employer Identification Number (EIN)203563466
Name of OrganizationChurchnet Foundation
In Care of NameGene B Cross
AddressP O Box 1434, Wake Forest, NC 27588
Websitehttp://churchnetfoundation.net
SubsectionCharitable Organization
Ruling Date07/2007
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$11,991
Amount of Income$47,104
Form 990 Revenue Amount$47,104
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Christian


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Amount of income in 2014: $47,104 (it was $43,841 in 2012)
This organization: 

 $47,104
Other organizations performing similar types of work: 

 $65,990

Assets in 2014: $11,991 (it was $9,138 in 2012)
Churchnet Foundation: 

 $11,991
Other organizations performing similar types of work: 

 $19,362

Expenses in 2012: $46,694
This organization: 

 $46,694
Other organizations performing similar types of work: 

 $61,884

Income to expenses ratio in 2012: 1.0
Churchnet Foundation: 

 1.0
Other organizations performing similar types of work: 

 0.9

Grants share in income in 2012: 100.0%
Churchnet Foundation: 

 100.0%
Other organizations performing similar types of work: 

 100.0%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$43,841
Contributions, gifts, grants, and similar amounts received$43,841
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$46,694
Total net assets$9,138
Deficit for the year$-2,853
Net assets or fund balances at beginning of year$11,991
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$9,138
Total liabilities$0
Net assets or fund balances$9,138
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$248,107
Gifts, grants, contributions, and membership fees received$248,107
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$0
Gross receipts from related activities, etc.$0
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1Bgea MnPO BOX 668129, Charlotte, NC 28266-8129NC2006-11$188,362,726
2Operation Compassion A Tennessee Non-Profit Corporation114 Stuart Rd Ne Ste 370 Suite 370, Cleveland, TN 37312-4803TN1998-03$116,010,269
3Christian Living Communities7000 E Belleview Ave, Greenwood Villag, CO 80111-1617CO1991-09$49,148,097
4Bible League3801 Eagle Nest Dr, Crete, IL 60417-1993IL1973-01$29,132,021
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6Strategic Resource Group Inc, MenaPO BOX 1809, Easton, MD 21601-8936MD2000-08$10,457,231
7Servants Heart Inc, Servants Heart Ministry532 N Regional Rd Ste E, Greensboro, NC 27409-9057NC2002-12$1,084,805
8Echo Ministry, The ArkPO BOX 102, Elkin, NC 28621-0102NC1999-05$162,226
9Awakening Imaginations IncPO BOX 344, Henrietta, NC 28076NC2002-10$38,155
10Words Of Eternal Life Inc181 Sheehan Rd, Fletcher, NC 28732-7526NC2000-09$32,841
11Marc Group Inc Emp Ben Pl, Marshall George TteePO BOX 7, Hazelwood, NC 28738-0007NC2001-01$6,213,708
12Greater New York Billy Graham Crusade1 Billy Graham Parkway, Charlotte, NC 28201NC2005-03$6,184,823
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17Gospel Express Evangelistic Team Ministry IncPO BOX 217, Lynn, NC 28750-0217NC2003-04$1,384,194
18Hope Of Glory Ministries IncPO BOX 2038, Greenville, NC 27836-0038NC2001-09$1,319,411
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Number of organizations performing similar types of work
Alaska123
Alabama839
Arkansas515
Arizona797
California6,530
Colorado1,017
Connecticut420
District of Columbia159
Delaware207
Florida4,469
Georgia2,559
Hawaii202
Iowa270
Idaho164
Illinois1,775
Indiana1,058
Kansas357
Kentucky558
Louisiana777
Massachusetts595
Maryland1,424
Maine90
Michigan1,190
Minnesota592
Missouri1,094
Mississippi537
Montana124
North Carolina2,056
North Dakota46
Nebraska158
New Hampshire96
New Jersey1,207
New Mexico278
Nevada356
New York2,346
Ohio1,480
Oklahoma880
Oregon520
Pennsylvania1,447
Rhode Island78
South Carolina902
South Dakota96
Tennessee1,250
Texas5,720
Utah152
Virginia1,293
Vermont41
Washington818
Wisconsin528
West Virginia178
Wyoming71
International78
Total50,517

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