Bull City Fair Trade
- Assets
- $116.3k
- Revenue
- $255.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Durham, NC
- Founding
- 10/1992
- Data as of
- 12/2023
- EIN
- 56-1780517
Organization Overview
Bull City Fair Trade is located in Durham, NC. The organization was established in 1992. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2023, Bull City Fair Trade employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bull City Fair Trade 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, Bull City Fair Trade generated $255.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $301.8k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING LOW INCOME ARTISANS: BULL CITY FAIR TRADE REDUCES GLOBAL POVERTY BY PROVIDING LOW INCOME ARTISANS WITH A FAIR INCOME BY SELLING THEIR HANDCRAFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF FAIR TRADE STORE: BULL CITY FAIR TRADE PURCHASED $235,000 IN HANDCRAFTS AND FOOD ITEMS SUBSTANTIALLY ALL OF WHICH WERE PRODUCED IN MANY ECONOMICALLY DEVELOPING COUNTRIES. A TOTAL OF 30 VOLUNTEERS DONATED ABOUT 868 HOURS WORTH $29,069 HELPING WITH SALES AND OTHER TASKS. AS MEMBERS OF THE FAIR TRADE FEDERATION MANY OF OUR SUPPLIERS COMMIT TO CREATING OPPORTUNITIES FOR MARGINALIZED PRODUCERS, DEVELOPING ACCOUNTABLE RELATIONSHIPS, ENSURING SAFE WORKING CONDITIONS, PAYING PROMPTLY AND FAIRLY, ENSURING THE RIGHTS OF CHILDREN, CULTIVATING ENVIRONMENTAL STEWARDSHIP, AND RESPECTING CULTURAL IDENTITY. OTHER GROUPS WE WORK WITH FOLLOW FAIR TRADE PRACTICES. OUR ONLINE STORE INCREASES THE GEOGRAPHICAL REACH OF OUR SALES.
EDUCATION ACTIVITIES: BULL CITY FAIR TRADE HELD FEWER OUTREACH EVENTS DUE TO THE PANDEMIC. HOWEVER, THROUGH SOCIAL MEDIA AND IN-STORE DISPLAYS, THE ORGANIZATION INFORMED THE PUBLIC ABOUT THE NEED FOR AN ECONOMY OF FAIR TRADE WORLDWIDE, ESPECIALLY DURING THE PANDEMIC, AND THE IMPORTANCE OF SUSTAINABLE DEVELOPMENT THAT IS ECOLOGICALLY SOUND. BULL CITY FAIR TRADE GIVES BACK TO LOCAL NONPROFITS THROUGH OUR SHOP & SHARE PROGRAM AND SERVES AS A CROSS-CULTURAL RESOURCE FOR THE DURHAM COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Bourret Executive Director | Officer | 40 | $52,656 |
Leta Loyd Treasurer | OfficerTrustee | 4 | $2,245 |
Tim Hultzman Board Member | Trustee | 2 | $0 |
Emeline Smith Board Member | Trustee | 1 | $0 |
Teddie Brown Board Member | Trustee | 1 | $0 |
Mary Mathew Board Member | Trustee | 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 | $15,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,766 |
| Total Program Service Revenue | $0 |
| Investment income | $19 |
| 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 | $239,265 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,050 |
| 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. | $54,560 |
| Compensation of current officers, directors, key employees. | $27,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,151 |
| Pension plan accruals and contributions | $1,936 |
| Other employee benefits | $12,517 |
| Payroll taxes | $10,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,738 |
| Office expenses | $2,138 |
| Information technology | $4,647 |
| Royalties | $0 |
| Occupancy | $90,508 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,776 |
| Insurance | $4,082 |
| All other expenses | $3,049 |
| Total functional expenses | $301,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,332 |
| Savings and temporary cash investments | $5,157 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,621 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,515 |
| Total assets | $116,311 |
| Accounts payable and accrued expenses | $71,806 |
| 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 | $13,657 |
| Other liabilities | $0 |
| Total liabilities | $85,463 |
| Net assets without donor restrictions | $30,848 |
| 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 | $116,311 |