Totals
- Total revenue
- $2,752,923
- Total expenses
- $2,688,595
- Contributions and grants received
- $329,600
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $3,160
- Other revenue
- $2,420,163
- Total assets, end of year
- $3,784,442
- Total liabilities, end of year
- $1,764,662
- Net assets or fund balances, end of year
- $2,019,780
- Program services expenses (Part IX)
- $1,321,884
- Management and general expenses
- $1,366,711
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,321,884
Program services were 49.2% 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.
-
1f · All other contributions, gifts and grants
$329,600
-
3 · Investment income
total $3,160 · unrelated business $3,160 · excluded $0
-
6a · Gross rents
real property $28,460
-
6c · Rental income or loss
real property $28,460
-
6d · Net rental income or loss
total $28,460 · related or exempt $28,460
-
11a · Other revenue: Individual Donations
total $98,873 · related or exempt $0 · unrelated business $98,873 · excluded $0
-
11b · Other revenue: Business Donations
total $14,972 · related or exempt $12,192 · unrelated business $2,780 · excluded $0
-
11c · Other revenue: East Durham Market
total $13,332 · related or exempt $13,332 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $2,264,526 · related or exempt $2,264,526 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,391,703
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $329,966 · program services $161,532 · management and general $168,434 · fundraising $0
-
7 · Other salaries and wages
total $269,821 · program services $235,934 · management and general $33,887 · fundraising $0
-
10 · Payroll taxes
total $214,226 · program services $0 · management and general $214,226 · fundraising $0
-
11a · Fees: management
total $4,093 · program services $0 · management and general $4,093 · fundraising $0
-
11b · Fees: legal
total $1,473 · program services $0 · management and general $1,473 · fundraising $0
-
11c · Fees: accounting
total $6,700 · program services $0 · management and general $6,700 · fundraising $0
-
17 · Travel
total $69,398 · program services $10,037 · management and general $59,361 · fundraising $0
-
19 · Conferences, conventions and meetings
total $21,574 · program services $0 · management and general $21,574 · fundraising $0
-
20 · Interest
total $3,675 · program services $0 · management and general $3,675 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $350,545 · program services $0 · management and general $350,545 · fundraising $0
-
23 · Insurance
total $378,401 · program services $0 · management and general $378,401 · fundraising $0
-
24a · Other expenses: Food Security
total $13,368 · program services $13,368 · management and general $0 · fundraising $0
-
24b · Other expenses: Housing
total $164,449 · program services $164,449 · management and general $0 · fundraising $0
-
24c · Other expenses: Community Health
total $17,323 · program services $17,323 · management and general $0 · fundraising $0
-
24d · Other expenses: Programming Expenses
total $528,961 · program services $528,961 · management and general $0 · fundraising $0
-
24e · All other expenses
total $314,622 · program services $190,280 · management and general $124,342 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,320,952 · end of year $1,825,283
-
4 · Accounts receivable
end of year $1,801
-
7 · Other notes and loans receivable
beginning of year $10,000 · end of year $10,000
-
10a · Land, buildings and equipment: cost or other basis
$2,170,880
-
10b · Land, buildings and equipment: accumulated depreciation
$283,636
-
10c · Land, buildings and equipment, net
beginning of year $1,662,571 · end of year $1,887,244
-
15 · Other assets
end of year $60,114
-
17 · Accounts payable and accrued expenses
end of year $9,731
-
24 · Unsecured notes and loans payable
beginning of year $1,038,071 · end of year $1,754,931
-
25 · Other liabilities
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,955,452 · end of year $2,019,780
Mission and programs · 2024
Mission
Our mission is to organize and cultivate Long-Term residents, especially residents of color and low wealth, to work towards racial, economic, and social liberation.
-
SPONSORED EVENTS & PROVIDED TRAINING FOR MEMBERS OF THE COMMUNITY IN FUTHERANCE OF THE ORGANIZATIONS EXEMPT MISSION
Expenses $1,321,884 · Revenue $2,749,764
As filed on the 2024 return.
Listed in Part VII
-
Cameron L Smith
Executive Director
- Total calculated
- $112,447
- From this org
- $112,447
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Midori Brooks
Board Member
- Total calculated
- $24,380
- From this org
- $24,380
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Andrea Hudson
Co-Chair
- Total calculated
- $0
- Hours/week
- 1
-
Nishani FrazierNISHANI FRAZIER
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Cathy Rimer-SurlesCATHY RIMER-SURLES
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Candace Rashada-MujahidCANDACE RASHADA-MUJAHID
Co-Chair
- Total calculated
- $0
- Hours/week
- 2
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CIP REAL PROPERTY LLC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531359349315368
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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