One World Market in Durham, North Carolina (NC)

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One World Market
Employer Identification Number (EIN)561780517
Name of OrganizationOne World Market
In Care of NameBruce Cheever
Address811 9th St Ste 100, Durham, NC 27705-4149
ActivitiesThrift ship, retail outlet, etc.
SubsectionCharitable Organization
Ruling Date10/1992
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 Period12/2011
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$114,433
Amount of Income$388,186
Form 990 Revenue Amount$177,968
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Thrift Shops


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Amount of income in 2011: $388,186 (it was $398,190 in 2010)
This organization: 

 $388,186
Other organizations performing similar types of work: 

 $163,424

Assets in 2011: $114,433 (it was $125,131 in 2010)
This organization: 

 $114,433
Other organizations performing similar types of work: 

 $116,597

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$177,968
Contributions, Gifts, Grants and Other Similar Amounts$4,705
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$5
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net loss from sales of assets other than inventory$-7
Gross amount from sales of assets other than inventory (Securities / Other)$1,024 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,031 / $0
Gain or (loss) (Securities / Other)$-7 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$173,265
Gross sales of inventory, less returns and allowances$382,452
Less: cost of goods sold$209,187
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$186,120
Compensation of current officers, directors, trustees, and key employees$45,220
Other salaries and wages$33,718
Payroll taxes$6,090
Professional fundraising services$0
Other$101,092
Balance Sheet (for 2011)
Total assets$114,433
Total liabilities$31,398
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
Other$31,398
Total net assets or fund balances$83,035
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$2,011,273
Gifts, grants, contributions, and membership fees received$29,242
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$1,981,926
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$5
Other$100
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Housing Works Thrift Shop Inc57 Willoughby St Fl 2, Brooklyn, NY 11201-5290NY1992-10$28,739,198
2Goodwill Industries Of Santa Barbara And Ventura Counties130 Lombard St, Oxnard, CA 93030-5110CA1997-05$25,250,949
3Grapevine Relief And Community ExchangePO BOX 412, Grapevine, TX 76099-0412TX1988-10$4,924,948
4Bibles For Missionsthrift Centers3386 Central Blvd, Hudsonville, MI 49426-1443MI1993-05$4,146,832
5D A V Charities Of Central California701 Van Ness Ave, Fresno, CA 93721-2911CA1968-08$2,008,534
6Ann Arbor Pto Thrift Shop Inc2280 S Industrial Hwy, Ann Arbor, MI 48104-6124MI1994-09$1,862,879
7North Brevard Charities Sharing Center Inc4475 S Hopkins Ave, Titusville, FL 32780-6661FL1991-11$1,454,922
8Clothes Less Traveled Thrift Shop Inc459 Highway 74 S, Peachtree Cty, GA 30269-2001GA1997-09$1,172,304
9Wellspring Inc814 Nantasket Ave, Hull, MA 02045-1533MA1988-12$908,786
10Island Thrift600 Se Barrington Dr, Oak Harbor, WA 98277-3274WA1977-12$902,107
11Help Center Inc421 E Peach St, Bozeman, MT 59715-3029MT1973-06$838,060
12Bargains Galore Thrift Store224 Chenoweth St, Mount Vernon, WA 98273-9046WA1996-01$589,821
13Hand Up IncPO BOX 631, Calhoun, GA 30703-0631GA1974-07$571,949
14Community Family Services102 Martz Mnr, Plymouth, PA 18651-3065PA1988-09$554,573
15Care & Share Gift & Thrift Inc1201 S Defiance St, Archbold, OH 43502-1621OH1988-03$540,638
16Ramona Food And Clothes Closet IncPO BOX 164, Ramona, CA 92065-0164CA1993-05$539,064
17Country Gift & Thrift Shoppe Inc5602 Old Philadelph1a Pike, Gap, PA 17527PA1992-09$512,238
18Cherryville Area Ministries And Thrift ShopPO BOX 611, Cherryville, NC 28021-0611NC1977-05$488,011
19One World Market811 9th St Ste 100, Durham, NC 27705-4149NC1992-10$388,186
20Auxiliary Of Twin Lakes Center3701 Wade Coble Dr, Burlington, NC 27215-9743NC1995-07$60,845
Number of organizations performing similar types of work
Alaska2
Alabama3
Arkansas1
Arizona4
California16
Colorado4
Connecticut6
District of Columbia1
Delaware2
Florida5
Georgia3
Iowa3
Illinois8
Indiana5
Kansas3
Kentucky2
Louisiana2
Massachusetts6
Maryland3
Maine1
Michigan6
Minnesota1
Missouri2
Mississippi1
Montana3
North Carolina7
North Dakota1
Nebraska3
New Jersey4
New Mexico2
Nevada1
New York10
Ohio9
Oklahoma3
Oregon1
Pennsylvania7
Rhode Island1
South Carolina2
South Dakota1
Texas7
Utah2
Virginia6
Washington2
Wisconsin4
West Virginia1
Total167

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