Carolina Brewmasters Inc is located in Huntersville, NC. The organization was established in 2010. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Brewmasters Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Carolina Brewmasters Inc generated $9.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $13.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (31.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE THE HOBBY OF HOMEBREWING AND EDUCATE PERSONS ABOUT THE PROCESS OF HOMEBREWING. APPROXIMATELY 200 PERSONS BENEFITTED FROM THE EDUCATION, HOMEBREWING INSTRUCTION, AND CON
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen Ramsey President | 1 | $0 | |
Ryan Nadel Vp-Competition | 1 | $0 | |
Tom Henderson Vp-Membership | 1 | $0 | |
Richard Lane Treasurer | 1 | $0 | |
Toby Andrews Vp-Education | 1 | $0 | |
Michael Wiggins Vp-Social | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $6,555 |
Membership dues | $0 |
Investment income | $3,003 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $9,558 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $13,113 |
Total expenses | $13,113 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $125,295 |
Other assets | $0 |
Total assets | $125,604 |
Total liabilities | $0 |
Net assets or fund balances | $125,604 |
Over the last fiscal year, Carolina Brewmasters Inc has awarded $50,000 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
OPERATION HOMEFRONT INC PURPOSE: General purp. | $12,500 |
GREATER CHARLOTTE SPCA PURPOSE: General purp. | $12,500 |
BEDS FOR KIDS INC PURPOSE: General purp. | $12,500 |
ADA JENKINS FAMILIES AND CAREERS DEVELOPMENT CENTER INC PURPOSE: General purp. | $12,500 |