Greensboro-Randolph Megasite Foundation Inc
- Assets
- $98.3k
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 47-3163427
Organization Overview
Greensboro-Randolph Megasite Foundation Inc is located in Greensboro, NC. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro-Randolph Megasite Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSEMBLE A TRACT OF LAND TO CREATE A MANUFACTURING MEGASITE TO ATTRACT AN ADVANCED MANUFACTURER AND CREATE JOBS. PROFESSIONAL FEES AND OTHER EXPENSES WERE INCURRED DURING 2023 IN CONNNECTION WITH THE LAND TRANSACTIONS DIRECTLY RELATED TO THIS EXEMPT ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Es Melvin President | 1 | $0 | |
Carole Simms Vice President | 1 | $0 | |
J Edward Kitchen Director | 1 | $0 | |
Hal Johnson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,096,912 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,096,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,004 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,693 |
| Total operating and administrative expenses | $14,487 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $14,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $98,302 |
| Other assets | $0 |
| Total assets | $98,302 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,625,597 |
| Other liabilities | $0 |
| Total liabilities | $1,625,597 |