James 123 Inc
- Assets
- $3.2k
- Revenue
- $55.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Morehead City, NC
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-5197024
Organization Overview
James 123 Inc is located in Morehead City, NC. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James 123 Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, James 123 Inc generated $55.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 30.5% each year .
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A PEER TO PEER AND SMALL GROUP MENTORING PROGRAM DESIGNED TO HELP THOSE WHO ARE IN NEED OF REDIRECTING THEIR LIVES TO BETTER COPE WITH CHALLENGES IN THEIR LIVES. MANY WILL BE IN A STATE OF NEED, REFERRED TO US BY HOPE RECOVERY HOMES, INC., A NORTH CAROLINA CHARITABLE ORGANIZATION, FACING PROBLEMS OF ADDICTION, DISPLACEMENT AND DESPAIR. OUR MENTORS WILL USE TESTED RESOURCES FROM A 12 STEP RECOVERY PROGRAM AND TIME TESTED LITERATURE TO REGAIN CONTROL OF SHATTERED LIVES RESULTING IN A PRODUCTIVE, MORALLY SOUND PERSON REENTERING SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlton Burns Executive Director | 1 | $0 | |
Peggy Burns Director | 1 | $0 | |
Zachary Jett Director | 1 | $0 | |
Andrew Jett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,000 |
| Interest on Savings | $41 |
| 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 | $55,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $58,278 |
| Printing and publications | $0 |
| Other expenses | $2,893 |
| Total operating and administrative expenses | $61,213 |
| Contributions, gifts, grants paid | $5,200 |
| Total expenses and disbursements | $66,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,208 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $3,208 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, James 123 Inc has awarded $5,200 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CARTERET COMMUNITY COLLEGE FOUNDATION PURPOSE: ESCOFFIER PROGRAM | $750 |
FRIENDS OF SPOONERS CREEK ASSOCIATION PURPOSE: GENERAL PURPOSE | $500 |
ROTARY INTERNATIONAL FOUNDATION PURPOSE: GENERAL PURPOSE | $300 |
LIFE CHANGERS PURPOSE: GENERAL PURPOSE | $50 |
WATERSHED MINISTRIES PURPOSE: GENERAL PURPOSE | $100 |
TJ'S CHURCH PURPOSE: GENERAL PURPOSE | $1,000 |