Hugh Torance House & Store Incorporated
- Assets
- $43.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntersville, NC
- Founding
- 01/1991
- Data as of
- 12/2020
- EIN
- 56-6173681
Organization Overview
Hugh Torance House & Store Incorporated is located in Huntersville, NC. The organization was established in 1991. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hugh Torance House & Store Incorporated 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 12/2020, Hugh Torance House & Store Incorporated generated $13.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $14.3k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
TO PRESERVE, PROTECT, AND MAINTAIN AS A HISTORICAL SITE THE HUGH TORANCE HOUSE AND STORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Russell President | 2 | $0 | |
Linda Dalton Vice President | 2 | $0 | |
Kris Manley Treasurer | 2 | $0 | |
Danny Phillips Board Member | 0.5 | $0 | |
Torance Banks Board Member | 0.5 | $0 | |
Courtney Britt Wolfrom Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,167 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,183 |
| 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 | $975 |
| Occupancy, rent, utilities, and maintenance | $10,607 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,722 |
| Total expenses | $14,304 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,912 |
| Other assets | $0 |
| Total assets | $43,912 |
| Total liabilities | $0 |
| Net assets or fund balances | $43,912 |