Jimmy V Celebrity Golf Classic in Cary, North Carolina (NC)

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Jimmy V Celebrity Golf Classic
Employer Identification Number (EIN)561875773
Name of OrganizationJimmy V Celebrity Golf Classic
In Care of NameFrank Mccann
Address130 Edinburgh South Drive Suite 102, Cary, NC 27511-7902
ActivitiesFundraising athletic or sports event, Fundraising
SubsectionCharitable Organization
Ruling Date02/1995
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$500,000 to $999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$581,097
Amount of Income$1,081,141
Form 990 Revenue Amount$1,054,024
National Taxonomy of Exempt Entities (NTEE)Medical Research: Fund Raising and/or Fund Distribution

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Amount of income in 2012: $1,081,141 (it was $1,208,909 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $581,097 (it was $629,098 in 2011)
Jimmy V Celebrity Golf Classic: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
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 2011)
Total revenue$1,186,817
Contributions, Gifts, Grants and Other Similar Amounts$61,125
Program Service Revenue$1,045,070
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$24
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$80,598
Gross income from gaming activities$102,690
Less: direct expenses$22,092
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$1,030,801
Compensation of current officers, directors, trustees, and key employees$95,200
Other salaries and wages$127,063
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$629,098
Total liabilities$195,064
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$434,034
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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Number of organizations performing similar types of work
District of Columbia2
North Carolina11
New Jersey14
New Mexico1
New York19
Rhode Island1
South Dakota1

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