The Winter Star Company
- Assets
- $858.5k
- Revenue
- $63.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Burnsville, NC
- Founding
- 06/1988
- Data as of
- 09/2023
- 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 09/2023, Winter Star Company generated $63.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $48.3k during the year ending 09/2023. 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
2023
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
THE ORGANIZATION HAD BEEN LEASING PART OF THE BUILDING TO A LOCAL MANUFACTURE AND PART TO A NON-PROFIT THAT WAS USING THEIR SPACE TO ASSIST LOCAL FARMERS TO BE ABLE TO LUMP THEIR PRODUCTS WITH OTHER FARMERS TO BE ABLE TO SELL THEM TO VARIOUS ENTITIES DURING THE CURRENT YEAR, THE LOCAL NON-PROFIT THAT USED PART OF THE BUILDING DECIDED TO CHANGE LOCATIONS. THIS MOVE PROVIDED AN OPPORTUNITY FOR THE ORGANIZATION TO RENOVATE THAT SPACE SO THAT AN EXPANDING LOCAL MANUFACTURER, WHO WAS LEASING THE REMAINING SPACE AND CREATE MORE GOOD PAYING JOBS WITH BENEFITS TO LOCAL RESIDENTS. THE MANUFACTURER WAS LOOKING FOR ADDITIONAL SPACE SO THEY COULD EXPAND THEIR LOCAL WORK FORCE AND NOT MOVE THE JOBS TO OTHER SITES. RENOVATIONS WERE COMPLETED DURING THE CURRENT FISCAL YEAR AND THE MANUFACTURER NOW LEASES THE ENTIRE SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Mcmahan Executive Di | Officer | 2 | $0 |
Gerald Presnell Vice Preside | Officer | 1 | $0 |
Wanda Proffitt Secretary/ T | Officer | 1 | $0 |
James Ray President | Officer | 1 | $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 | $63,348 |
| Investment income | $601 |
| 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 | $63,949 |
| 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 | $100 |
| Fees for services: Accounting | $605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,290 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,316 |
| 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 | $20,319 |
| Insurance | $1,668 |
| All other expenses | $0 |
| Total functional expenses | $48,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,885 |
| Savings and temporary cash investments | $140,542 |
| 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 | $704,063 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $858,490 |
| 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 | $223,607 |
| Total liabilities | $223,607 |
| Net assets without donor restrictions | $634,883 |
| 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 | $858,490 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Star Route Mail Contractors Association Vienna, VA | $2,569,472 | $2,106,797 |
Pisgah Astronomical Research Institute Rosman, NC | $17,901,381 | $1,124,860 |
American Astronautical Society Inc Springfield, VA | $1,150,212 | $944,774 |
Order Of Eastern Star Grand Chapter Of Virginia Midlothian, VA | $4,029,707 | $292,094 |
Astronomical League Fincastle, VA | $384,206 | $195,075 |
The Winter Star Company Burnsville, NC | $858,490 | $63,949 |
Metropolitan Atlanta Astrological Society Atlanta, GA | $254,233 | $0 |