James 123 Inc
- Assets
- $13.4k
- Revenue
- $61.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Morehead City, NC
- Founding
- 03/2016
- Data as of
- 12/2021
- 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 12/2021, James 123 Inc generated $61.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.0% each year .
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 | $61,000 |
| Interest on Savings | $1 |
| 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 | $61,001 |
| 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 | $42,651 |
| Printing and publications | $0 |
| Other expenses | $1,621 |
| Total operating and administrative expenses | $44,321 |
| Contributions, gifts, grants paid | $10,750 |
| Total expenses and disbursements | $55,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,387 |
| 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 | $13,387 |
| 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 $10,750 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
POINT OF VIEW PURPOSE: GENERAL PURPOSE | $5,000 |
5FOLD MINISTRIES PURPOSE: GENERAL PURPOSE | $2,000 |
THE GATE OF LENOIR COUNTY PURPOSE: GENERAL PURPOSE | $1,000 |
THE NC REFUGE PURPOSE: GENERAL PURPOSE | $1,000 |
Morehead City, NC PURPOSE: ESCOFFIER PROGRAM | $750 |
Colorado Springs, CO PURPOSE: GENERAL PURPOSE | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that James 123 Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Loomis Foundation Inc Overland Park, KS PURPOSE: GENERAL CHARITABLE PURPOSE | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |
Nagrodsky Family Foundation Charleston, SC | $7,938,380 | $247,514 |
R Harold And Patsy Harrison Foundation Inc Brookhaven, GA | $31,730,871 | $2,128,634 |
National Association Of Chapter 13 Trustees Columbia, SC | $849,459 | $1,212,204 |
John Dustin Buckman Charitable Trust Memphis, TN | $21,180,469 | $1,024,757 |
W O And Ann Powers Foundation Inc Florence, SC | $6,582,081 | $44,065 |
Hugo Dixon Foundation Memphis, TN | $20,406,138 | $1,401,485 |
Om Charitable Tr Of Usa Lebanon, TN | $987,131 | $2,115,299 |