Ole Asheboro Street Neighborhood Association Inc
- Assets
- $324.5k
- Revenue
- $21.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Greensboro, NC
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 56-2074393
Organization Overview
Ole Asheboro Street Neighborhood Association Inc, operating under the name 196243, is located in Greensboro, NC. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, 196243 employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 196243 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 12/2022, 196243 generated $21.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $9.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.TO REPRESENT THE CONCERNS OF THE MEMBERS OF THE ASSOCIATION. 2.TO EDUCATE, INFORM AND INVOLVE THE RESIDENTS OF THE AREA AND COMMUNITY AT LARGE ON CURRENT ISSUES THAT AFFECT THE SOCIAL WELFARE, ECONOMIC DEVELOPMENT AND STATUS OF THE NEIGHBORHOOD. 3.TO ACT AS A LIAISON BETWEEN THE NEIGHBORHOOD, INSTITUTIONS, BUSINESS ESTABLISHMENTS, AND THE MUNICIPALITIES. 4.TO ASSIST RESIDENTS IN OBTAINING MAXIMUM BENEFITS IN LIFE STYLES BY CREATING A FORUM THAT PROMOTES POSITIVE ASSOCIATIONS, EDUCATIONAL RESOURCES, REHABILITATION PROGRAMS, ETC. 5.TO DEVELOP AND ADVOCATE NEIGHBORHOOD CONCERN BY STRENGTHENING RELATIONSHIPS AMONG NEIGHBORS. 6.TO ENFORCE THE IMPLEMENTATIONS OF IMPROVING PUBLIC WORKS AND SERVICES IN THE AREA. 7.TO ESTABLISH AND PROMOTE ACTIVITIES TOWARD QUALITY HOUSING AND ECONOMIC DEVELOPMENT IN THE AREA. 8.TO SPONSOR NEIGHBORHOOD MEETINGS, CULTURAL AND CIVIC EVENTS THAT IMPROVE THE QUALITY OF LIFE, EDUCATE THE RESIDENTS AND/OR FU
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.TO REPRESENT THE CONCERNS OF THE MEMBERS OF THE ASSOCIATION. 2. TO EDUCATE, INFORM AND INVOLVE THE RESIDENTS OF THE AREA AND COMMUNITY AT LARGE ON CURRENT ISSUES THAT AFFECT THE SOCIAL WELFARE, ECONOMIC DEVELOPMENT AND STATUS OF THE NEIGHBORHOOD. 3. TO ACT AS A LIAISON BETWEEN THE NEIGHBORHOOD, INSTITUTIONS, BUSINESS ESTABLISHMENTS, AND THE MUNICIPALITIES. 4. TO ASSIST RESIDENTS IN OBTAINING MAXIMUM BENEFITS IN LIFE STYLES BY CREATING A FORUM THAT PROMOTES POSITIVE ASSOCIATIONS, EDUCATIONAL RESOURCES, REHABILITATION PROGRAMS, ETC. 5. TO DEVELOPME AND ADVOCATE NEIGHBORHOOD CONCERN BY STRENGTHENING RELATIONSHIPS AMOUNG NEIGHBORS. 6. TO ENFORCE THE IMPEMENTATIONS OF IMPROVING PUBLIC WORKS AND SERVICES IN THE AREA. 7. TO ESTABLISH AND PROMOTE ACTIVITIES TOWARD QUALITY HOUSING AND ECONOMIC DEVELOPMENT IN THE AREA. 8. TO SPONSOR NEIGHBORHOOD MEETINGS, CULTURAL AND CIVIC EVENTS THAT IMPROVE THE QUALITY OF LIFE, EDUCATE THE RESIDENTS AND/OR FURTHER THE GOALS OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Akins President | OfficerTrustee | $0 | |
Michael Akins Director | Trustee | $0 | |
Tyrone Holloman Treasurer | OfficerTrustee | $0 | |
Carl W Brower Jr V. President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,898 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,583 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,375 |
| Total functional expenses | $8,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,930 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,511 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $223,769 |
| Total assets | $324,453 |
| Accounts payable and accrued expenses | $18,412 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,217 |
| Total liabilities | $32,629 |
| Net assets without donor restrictions | $291,824 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $324,453 |