The Winter Star Company
- Assets
- $789.8k
- Revenue
- $81.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Burnsville, NC
- Founding
- 06/1988
- Data as of
- 09/2022
- EIN
- 58-1750927
Organization Overview
The Winter Star Company is located in Burnsville, NC. The organization was established in 1988. According to its NTEE Classification (U31) the organization is classified as: Astronomy, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winter Star Company 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 09/2022, Winter Star Company generated $81.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $41.1k during the year ending 09/2022. While expenses have increased by 23.5% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE AND PROMOTE ECONOMIC, INDUSTRIAL, AND FARMING DEVELOPMENT WITHIN YANCEY COUNTY, NORTH CAROLINA AND SURROUNDING AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION MOVED ON AN OPPORTUNITY TO HELP LOCAL NON-PROFIT THAT IS DEDICATED TO PROVIDING ECONOMIC SUPPORT TO SMALL AREA FARMERS THROUGH ESTABLISHING A COMMON SELLER OF THEIR PRODUCE TO CUSTOMERS WHO NORMALLY BUY IN MUCH LARGER QUANTITIES THAN SMALL FAMILY FARMERS CAN PROVIDE. THE WINTERSTAR SAW AN OPPORTUNITY TO ACQUIRE A SUITABLE BUILDING FOR THEIR WAREHOUSE AS WELL AS ADDITIONAL SPACE THAT COULD HOUSE OTHER ECONOMIC AND LIGHT INDUSTRIAL ENTITIES. THE ORGANIZATION ALSO LEASES PART OF THE BUILDING TO A LOCAL MANUFACTURER TO ENABLE THEM TO EXPAND THEIR WORK FORCE, PROVIDING GOOD PAYING JOBS WITH BENEFITS TO THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Presnell Vice Preside | Officer | $0 | |
Wanda Proffitt Secretary/ T | Officer | $0 | |
James Ray President | Officer | $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 | $81,721 |
| Investment income | $147 |
| 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 | $81,868 |
| 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 | $90 |
| Fees for services: Accounting | $585 |
| 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 | $20,697 |
| 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 | $18,802 |
| Insurance | $966 |
| All other expenses | $0 |
| Total functional expenses | $41,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,025 |
| Savings and temporary cash investments | $152,719 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $635,095 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $789,839 |
| Accounts payable and accrued expenses | $0 |
| 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 | $170,607 |
| Total liabilities | $170,607 |
| Net assets without donor restrictions | $619,232 |
| 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 | $789,839 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pisgah Astronomical Research Institute Rosman, NC | $18,411,020 | $1,219,379 |
National Star Route Mail Contractors Association Vienna, VA | $1,940,936 | $846,322 |
American Astronautical Society Inc Springfield, VA | $1,030,925 | $648,899 |
Order Of Eastern Star Grand Chapter Of Virginia Henrico, VA | $4,370,595 | -$21,151 |
Astronomical League Fincastle, VA | $382,051 | $250,851 |
The Winter Star Company Burnsville, NC | $789,839 | $81,868 |
Metropolitan Atlanta Astrological Society Atlanta, GA | $254,233 | $0 |