Carolina Brewmasters Inc
- Assets
- $125.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntersville, NC
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 56-2091771
Organization Overview
Carolina Brewmasters Inc is located in Huntersville, NC. The organization was established in 2010. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Brewmasters Inc 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 12/2023, Carolina Brewmasters Inc generated $9.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $13.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (31.6%) per year over the past 8 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
TO PROMOTE THE HOBBY OF HOMEBREWING AND EDUCATE PERSONS ABOUT THE PROCESS OF HOMEBREWING. APPROXIMATELY 200 PERSONS BENEFITTED FROM THE EDUCATION, HOMEBREWING INSTRUCTION, AND CON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Ramsey President | 1 | $0 | |
Ryan Nadel Vp-Competition | 1 | $0 | |
Tom Henderson Vp-Membership | 1 | $0 | |
Richard Lane Treasurer | 1 | $0 | |
Toby Andrews Vp-Education | 1 | $0 | |
Michael Wiggins Vp-Social | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,555 |
| Membership dues | $0 |
| Investment income | $3,003 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $9,558 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,113 |
| Total expenses | $13,113 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $125,295 |
| Other assets | $0 |
| Total assets | $125,604 |
| Total liabilities | $0 |
| Net assets or fund balances | $125,604 |
Grants Awarded
Over the last fiscal year, Carolina Brewmasters Inc has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OPERATION HOMEFRONT INC PURPOSE: General purp. | $12,500 |
GREATER CHARLOTTE SPCA PURPOSE: General purp. | $12,500 |
BEDS FOR KIDS INC PURPOSE: General purp. | $12,500 |
ADA JENKINS FAMILIES AND CAREERS DEVELOPMENT CENTER INC PURPOSE: General purp. | $12,500 |