|
Return of Organization Exempt From Income Tax
<br />Form Under section 501(a), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung
<br />benefit trust or private foundation)
<br />Department of the Treasury
<br />Internal Revenue Service ► The organization may have to use a copy of this return to satisfy state reporting requirements.
<br />it
<br />A For the 2010 calendar year, or tax year beginning JUL 1 2010 and ending JUN 30, 2 01 1
<br />B Check if
<br />applicable:
<br />change
<br />=ch nge
<br />C Name of organization
<br />CABARRUS COUNTY TOURISM AUTHORITY
<br />D Employer identification number
<br />2 6 —
<br />Doin Business As
<br />= Initial
<br />return
<br />= i n -
<br />ated
<br />Number and street (or P.O. box if mail is not delivered to street address)
<br />10099 WEDDINGTON RD
<br />Room /suite
<br />102
<br />E Telephone number
<br />(704)260-8123
<br />Amended
<br />=return
<br />=' lica-
<br />City or town, state or country, and ZIP + 4
<br />CONCORD NC 28027
<br />3 ,632,496.
<br />G Gross receipts $
<br />H(a) Is this a group return
<br />for affiliates? =Yes =X No
<br />H(b) Are all affiliates included? =Yes = No
<br />If "No," attach a list. (see instructions)
<br />I H(c) Group exemption number
<br />pending
<br />F Name and address of principal officer:JOHN MILLS
<br />3003 DALE EARNHARDT BLVD, KANNAPOL I S , NC 28
<br />Tax-exem statu 501 (c)(3) LX1 501 c 6 insert no. = 4947(a)(1) or = 527
<br />. =
<br />J Website: ► WWW . CABARRUSCVB . COM
<br />K Form of organization: [11 Corporation = Trust [__]Association = Other ► L Year of formation: 2 0 0 81 M State of legal domicile: NC
<br />PSI'
<br />, iiii Summary
<br />1 Briefly describe the organization's mission or most significant activities: DRIVE VISITATION TO CABARRUS
<br />c
<br />COUNTY TO GENERATE THE MAXIMUM IMPACT THROUGH HOTEL STAYS AND
<br />M
<br />E
<br />2 Check this box ► [:::]if the organization discontinued its operations or disposed of more than 25% of its net
<br />assets.
<br />m
<br />3 Number of voting members of the governing body (Part VI, line 1 a) ... ......... — .............. ...............................
<br />3 1
<br />12
<br />4
<br />12
<br />otl
<br />4 Number of independent voting members of the governing body (Part VI, line 1 b) ........... ...............................
<br />5
<br />24
<br />5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ................. ...............................
<br />6
<br />4
<br />6 Total number of volunteers (estimate if necessary) ........................................................ ...............................
<br />7a
<br />0
<br />a 7
<br />a Total unrelated business revenue from Part VIII, column (C), line 12 ............................. ...............................
<br />7b
<br />0
<br />b Net unrelated business taxable income from Form 990-T, line 34 ................................... ...............................
<br />Prior Year
<br />Current Year
<br />8 Contributions and grants (Part VIII, line 1 h) ............................... ...............................
<br />0.
<br />0.
<br />3,243,351
<br />3 , 619 , 9 3 4 .
<br />C
<br />9 Program service revenue (Part VIII, line 2g) ............ ............................... __........•__.......
<br />4,677
<br />12 , 5 6 2 .
<br />10 Investment income (Part VIII, column (A), lines 3, 4, and 7d) ........ ...............................
<br />0.
<br />0.
<br />cc
<br />11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)
<br />3,248,028.
<br />3,632,496.
<br />12 Total revenue • add lines 8 through 11 must equal Part VIII, column (A), line 12 .........
<br />13 Grants and similar amounts paid (Part IX, column (A), lines 1 -3) .. ...............................
<br />0.
<br />0 .
<br />0 •
<br />0 •
<br />14 Benefits paid to or for members (Part IX, column (A), line 4) ....................... _
<br />805,234
<br />1, 0 2 7 , 757 .
<br />d
<br />15 Salaries, other compensation, employee benefits Part IX, column (A), lines 5.10
<br />0.
<br />0.
<br />c
<br />16a Professional fundraising fees (Part IX, column (A), line 11 e) ........... ...............................
<br />d
<br />CL
<br />X
<br />0 b Total fundraising ex , 0.
<br />expenses Part IX column n D line 25
<br />g p (
<br />1,851,420.
<br />2 , 14 8 , 410 .
<br />W
<br />17 Other expenses (Part IX, column (A), lines 11 a -11 d, 11 f -24f) ................... ................. —
<br />2,656,654.
<br />3 17 6 167 .
<br />18 Total expenses. Add lines 13.17 (must equal Part IX, column (A), line 25) _ ........ ...........
<br />591,374.
<br />4 5 6 , 329 .
<br />19 Revenue less expenses. Subtract line 18 from line 12 ................. ...............................
<br />o
<br />Beg inning of Current Year
<br />End of Year
<br />1,520,851.
<br />2,045,572 .
<br />N @
<br />20 Total assets (Part X, line 16) ... ...... . .. . .. . .. . .. ...... . .......................... .......................
<br />113,891.
<br />182,283.
<br />a
<br />21 Total liabilities (Part X, line 26) ..................
<br />1, 406,960.
<br />1 8 6 3 2 8 9 .
<br />z2
<br />22 Net assets or fund balances. Subtract line 21 from line 20 ..........................................
<br />Sionature Block
<br />Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is
<br />true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
<br />Sign Signature of officer Date
<br />Here JOHN MILLS, EXECUTIVE VICE PRESIDENT
<br />Type or print name and title
<br />Print/Type preparer's name Prep Is sign i ture , Date i PTIN
<br />Paid SAMUAL M. LEDER, CPA C I" o�, ,) sef- employed
<br />Preparer Firm's name b, POTTER & COMPANY, P .A. I Irm's EIN
<br />UseOnlY Firm's address 00- 434 COPPERFIELD BLVD NE STE A
<br />CONCORD, NC 28025 Phone no. 704- 786 -8189
<br />May the IRS discuss this return with the preparer shown above? (see instructions) ................. ............................... = Y es f1= No
<br />032001 02 -22 -11 LHA For Paperwork Reduction Act Notice, see the separate instructions. Atta &"r9 ;` 9
<br />SEE SCHEDULE 0 FOR ORGANIZATION MISSION STATEMENT CONTINUATION
<br />1 -5 Page 344
<br />
|