Celo Community Inc

Organization Overview

Celo Community Inc is located in Burnsville, NC. The organization was established in 1940. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Celo Community 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 12/2022, Celo Community Inc generated $148.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $104.1k during the year ending 12/2022. While expenses have increased by 2.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTION OF COMMUNITY DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

CCI PROVIDES LAND FOR A MODEST, ONE TIME REFUNDABLEFEE (SIMILAR TO A LIFETIME LEASE) FOR 53 FAMILYMEMBER UNITS. MAINTAINS ACCESS ROAD FOR MEMBERSUSE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$6,031
Related organizations$0
Government grants $682
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$6,713
Total Program Service Revenue$129,208
Investment income $8,010
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $148,318

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