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← GRAHAM REVITALIZATION ECONOMIC ACTION TEAM - GREAT

Form 990 for tax year 2022

Filed by GRAHAM REVITALIZATION ECONOMIC ACTION TEAM - GREAT.

Totals

Total revenue
$5,188
Total expenses
$64,573
Contributions and grants received
$4,960
Grants paid
$0
Program service revenue
$0
Investment income
$212
Other revenue
$16
Total assets, end of year
$84,341
Total liabilities, end of year
$1,138
Net assets or fund balances, end of year
$83,203
Program services expenses (Part IX)
$36,261
Management and general expenses
$28,312
Fundraising expenses
$0
Program service expenses (Part III)
$36,261

Program services were 56.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $4,960

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $212 · related or exempt $212 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11d · All other revenue

    total $16 · related or exempt $16 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $16

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $23,050 · program services $12,250 · management and general $10,800

  • 9 · Other employee benefits

    total $1,763 · program services $835 · management and general $928

  • 11c · Fees: accounting

    total $1,625 · management and general $1,625

  • 12 · Advertising and promotion

    total $1,600 · program services $1,600

  • 13 · Office expenses

    total $2,067 · management and general $2,067

  • 16 · Occupancy

    total $2,750 · management and general $2,750

  • 19 · Conferences, conventions and meetings

    total $7,551 · program services $0 · management and general $7,551

  • 24e · All other expenses

    total $24,167 · program services $21,576 · management and general $2,591 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $143,747 · end of year $84,341

  • 2 · Savings and temporary cash investments

    beginning of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,159 · end of year $1,138

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $37,121 · end of year $13,997

  • 28 · Net assets with donor restrictions

    beginning of year $105,467 · end of year $69,206

Mission and programs · 2022

Mission

GREAT is a partnership of Citizens that address the health, social, economic, education and recreational needs of Graham County residents while preserving our cultural heritage and natural resources and instilling pride in our community and place.

  • Tourism Plan Phase II- These funds were allowed to repurpose due to COVID.

    Expenses $2,990 · Grants $2,990

  • WNC Bridge Foundation

    Expenses $11,247 · Grants $11,247

  • ZSR IPA Grant

    Expenses $2,824 · Grants $2,824

  • Additonal

    Expenses $19,200 · Grants $19,200

As filed on the 2022 return.

Listed in Part VII

  • Michelle Shiplet

    Executive Director

    Total calculated
    $23,050
    From this org
    $23,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jim Baker

    board member

    Total calculated
    $0
    Hours/week
    3

  • Mary Griffin

    board member

    Total calculated
    $0
    Hours/week
    3

  • Dick Evans

    Board member

    Total calculated
    $0
    Hours/week
    3

  • Mary Millsaps

    Board member

    Total calculated
    $0
    Hours/week
    3

  • Erica Sawyer

    board member

    Total calculated
    $0
    Hours/week
    3

  • Eric Shoemaker

    Member

    Total calculated
    $0
    Hours/week
    3

  • Angie Knight

    Member/Committe Chair

    Total calculated
    $0
    Hours/week
    3

  • Angelina Jumper

    Member/Committe Chair

    Total calculated
    $0
    Hours/week
    3

  • Shea Anderson

    Member

    Total calculated
    $0
    Hours/week
    3

  • Brady Cody

    Member

    Total calculated
    $0
    Hours/week
    3

  • Pam Schaffer

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Valerie Frapp

    Board Chair

    Total calculated
    $0
    Hours/week
    3

  • Beth Booth

    Secretary

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202343109349301054

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