North Carolina Eye Bank Inc in Winston Salem, North Carolina (NC)

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North Carolina Eye Bank Inc
Employer Identification Number (EIN)560628753
Name of OrganizationNorth Carolina Eye Bank Inc
Address3900 Westpoint Blvd, Winston Salem, NC 27103-6798
ActivitiesAid to the handicapped (see also 031), Other health services
SubsectionCharitable Organization
Ruling Date12/1952
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
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$10,754,964
Amount of Income$7,838,519
Form 990 Revenue Amount$7,838,102

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

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$7,838,102
Contributions, Gifts, Grants and Other Similar Amounts$7,045
Program Service Revenue$7,627,483
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$203,991
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net loss from sales of assets other than inventory$-417
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)$417 / $0
Gain or (loss) (Securities / Other)$-417 / $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 2011)
Total functional expenses$6,061,962
Compensation of current officers, directors, trustees, and key employees$196,460
Other salaries and wages$2,186,303
Payroll taxes$223,942
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$10,754,964
Total liabilities$630,953
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$10,124,011
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 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 2011)
2007 - 2011 Total
Total support$36,862,694
Gifts, grants, contributions, and membership fees received$39,389
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$36,330,877
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$492,428
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