Bermuda Run Cares Inc
- Assets
- $8.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Advance, NC
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 83-2878190
Organization Overview
Bermuda Run Cares Inc is located in Advance, NC. The organization was established in 2019. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bermuda Run Cares Inc 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 12/2023, Bermuda Run Cares Inc generated $12.4k 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 (19.2%) each year. All expenses for the organization totaled $5.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (33.6%) per year over the past 4 years. 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
2023
Describe the Organization's Program Activity:
Part 3
PAYMENTS MADE TO ORGANIZATIONS THAT PROVIDE THE ESSENTIAL NEEDS, RESOURCES, AND SUPORTIVE SERVICES TO THE FAMILIES AND CHILDREN WHO ARE IN NEED IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Mcguire President | 2 | $0 | |
Jennifer Reader Vice-President | 2 | $0 | |
Bibianna Wilson Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,124 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,750 |
| Other Revenue | $0 |
| Total Revenue | $12,374 |
| 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 | $350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,980 |
| Total expenses | $5,430 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,064 |
| Other assets | $0 |
| Total assets | $8,064 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,064 |