Nonprofit · EIN 56-2074393
OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC
Tax-exempt · GREENSBORO, NC 27406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | -$9,420 | $17,138 | -$26,558 | $295,650 | $19,417 | $276,233 |
| December 31, 2023 | 990 | $24,374 | $13,407 | $10,967 | $335,196 | $32,405 | $302,791 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $599
- Net rental income
- -$25,380
- Other revenue
- -$10,019
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $1,599
- Program services (functional)
- $15,539
- Management and general (functional)
- $1,599
Balance sheet and other
- Total assets, start of year
- $335,196
- Total assets, end of year
- $295,650
- Total liabilities, end of year
- $19,417
- Net assets, end of year
- $276,233
- Land, buildings and equipment
- $35,820
- Net assets without donor restrictions
- $276,233
- Gross receipts
- $158,100
- Employees
- 2
- Year formed
- 1999
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA AKINS | PRESIDENT Trustee or director, Officer | – | $0 |
| MICHAEL AKINS | DIRECTOR Trustee or director | – | $0 |
| TYRONE HOLLOMAN | TREASURER Trustee or director, Officer | – | $0 |
| CARL W BROWER JR | V. PRESIDENT Trustee or director, Officer | – | $0 |
| DOMINIC MERCURIO | SECRETARY Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA AKINS | PRESIDENT Trustee or director, Officer | – | $0 |
| MICHAEL AKINS | DIRECTOR Trustee or director | – | $0 |
| TYRONE HOLLOMAN | TREASURER Trustee or director, Officer | – | $0 |
| CARL W BROWER JR | V. PRESIDENT Trustee or director, Officer | – | $0 |
| DOMINIC MERCURIO | SECRETARY Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 503 MLK JR DRIVE SUITE 106, GREENSBORO, NC 27406-1600
- Principal officer (990 for 2024)
- CARL W BROWER JR
- Signed the 990
- CARL W BROWER JR, V. PRESIDENT
- Phone
- (336) 272-6844
- Return prepared by
- O DOUGLAS COVINGTON
Mission
THE ASSOCIATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.TO REPRESENT THE CONCERNS OF THE MEMBERS OF THE ASSOCIATION. 2.TO EDUCATE, INFORM AND INVOLVE THE RESIDENTS OF THE AREA AND COMMUNITY AT LARGE ON CURRENT ISSUES THAT AFFECT THE SOCIAL WELFARE, ECONOMIC DEVELOPMENT AND STATUS OF THE NEIGHBORHOOD. 3.TO ACT AS A LIAISON BETWEEN THE NEIGHBORHOOD, INSTITUTIONS, BUSINESS ESTABLISHMENTS, AND THE MUNICIPALITIES. 4.TO ASSIST RESIDENTS IN OBTAINING MAXIMUM BENEFITS IN LIFE STYLES BY CREATING A FORUM THAT PROMOTES POSITIVE ASSOCIATIONS, EDUCATIONAL RESOURCES, REHABILITATION PROGRAMS, ETC. 5.TO DEVELOP AND ADVOCATE NEIGHBORHOOD CONCERN BY STRENGTHENING RELATIONSHIPS AMONG NEIGHBORS. 6.TO ENFORCE THE IMPLEMENTATIONS OF IMPROVING PUBLIC WORKS AND SERVICES IN THE AREA. 7.TO ESTABLISH AND PROMOTE ACTIVITIES TOWARD QUALITY HOUSING AND ECONOMIC DEVELOPMENT IN THE AREA. 8.TO SPONSOR NEIGHBORHOOD MEETINGS, CULTURAL AND CIVIC EVENTS THAT IMPROVE THE QUALITY OF LIFE, EDUCATE THE RESIDENTS AND/OR FU
Program accomplishments
- THE ASSOCIATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.TO REPRESENT THE CONCERNS OF THE MEMBERS OF THE ASSOCIATION. 2. TO EDUCATE, INFORM AND INVOLVE THE RESIDENTS OF THE AREA AND COMMUNITY AT LARGE ON CURRENT ISSUES THAT AFFECT THE SOCIAL WELFARE, ECONOMIC DEVELOPMENT AND STATUS OF THE NEIGHBORHOOD. 3. TO ACT AS A LIAISON BETWEEN THE NEIGHBORHOOD, INSTITUTIONS, BUSINESS ESTABLISHMENTS, AND THE MUNICIPALITIES. 4. TO ASSIST RESIDENTS IN OBTAINING MAXIMUM BENEFITS IN LIFE STYLES BY CREATING A FORUM THAT PROMOTES POSITIVE ASSOCIATIONS, EDUCATIONAL RESOURCES, REHABILITATION PROGRAMS, ETC. 5. TO DEVELOPME AND ADVOCATE NEIGHBORHOOD CONCERN BY STRENGTHENING RELATIONSHIPS AMOUNG NEIGHBORS. 6. TO ENFORCE THE IMPEMENTATIONS OF IMPROVING PUBLIC WORKS AND SERVICES IN THE AREA. 7. TO ESTABLISH AND PROMOTE ACTIVITIES TOWARD QUALITY HOUSING AND ECONOMIC DEVELOPMENT IN THE AREA. 8. TO SPONSOR NEIGHBORHOOD MEETINGS, CULTURAL AND CIVIC EVENTS THAT IMPROVE THE QUALITY OF LIFE, EDUCATE THE RESIDENTS AND/OR FURTHER THE GOALS OF THE ASSOCIATION.Expenses $15,539
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2074393
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $295,650
- Income (IRS master file)
- $158,100
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | -$9,420 | $17,138 | $295,650 | XML |
| 990 | December 2023 | $24,374 | $13,407 | $335,196 | XML |
| 990 | December 2022 | $21,263 | $8,958 | $324,453 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2074393).
Questions about OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC
- What is the EIN of OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC?
- The employer identification number (EIN) of OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC is 56-2074393.
- Is OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names CARL W BROWER JR.
- Who are the officers and directors of OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of -$9,420, expenses of $17,138 and total assets of $295,650 at year end.
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