Tie Carolinas
- Assets
- $73.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morrisville, NC
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 56-2232049
Organization Overview
Tie Carolinas is located in Morrisville, NC. The organization was established in 2011. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tie Carolinas is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Tie Carolinas generated $61.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $41.4k during the year ending 12/2021. While expenses have increased by 16.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES SEMINARS AND WORKSHOPS DESIGNED TO HELP ENTREPRENEURS LEARN HOW TO START AND GROW THEIR BUSINESS VENTURES. LUMINARY SPEAKERS AND MENTORS CONTRIBUTE THEIR TIME AND RESOURCES TO ENLIGHTEN ENTREPRENEURS IN OUR COMMUNITY. WE PROVIDE EDUCATION, NETWORKING AND MENTORING OPPORTUNITIES TO 150 MEMBERS AND OVER 1000 NONMEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simmi Prasad President | 3 | $0 | |
Gautam Aggarwal President Elect | 0 | $0 | |
Erik O Berger Board Member | 2 | $0 | |
Latha Pamarthi Treasurer | 2 | $0 | |
Mehul Shah Board Member | 3 | $0 | |
Ajit Dixit Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,330 |
| Total Program Service Revenue | $0 |
| Membership dues | $55,910 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,240 |
| 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 | $5,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $36,398 |
| Total expenses | $41,398 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,815 |
| Other assets | $0 |
| Total assets | $73,815 |
| Total liabilities | $0 |
| Net assets or fund balances | $73,815 |
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