Nonprofit · EIN 43-2023021
2XSALT INC
Tax-exempt · MONROE, NC 28110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $483,857 | $560,557 | -$76,700 | $2,312,721 | $2,890 | $2,309,831 |
| December 31, 2023 | 990 | $684,636 | $934,656 | -$250,020 | $2,320,925 | $1,013 | $2,319,912 |
| December 31, 2022 | 990 | $790,585 | $769,299 | $21,286 | $2,517,232 | $6,100 | $2,511,132 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $398,657
- Investment income
- $0
- Net rental income
- $20,200
- Other revenue
- $85,200
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $72,000
- Other salaries and wages
- $13,134
- Salaries, compensation and benefits (total)
- $101,543
- Professional fundraising fees
- $0
- Accounting fees
- $2,495
- Travel
- $1,864
- Program services (functional)
- $485,038
- Management and general (functional)
- $70,438
- Fundraising (functional)
- $5,081
Balance sheet and other
- Total assets, start of year
- $2,320,925
- Total assets, end of year
- $2,312,721
- Total liabilities, end of year
- $2,890
- Net assets, end of year
- $2,309,831
- Land, buildings and equipment
- $718,135
- Gross receipts
- $483,857
- Employees
- 1
- Volunteers
- 20
- Year formed
- 2003
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bart Kofoed | President Trustee or director, Officer | 55 | $72,000 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Bart Kofoed | President Trustee or director, Officer | 55 | $72,000 | $143 |
990 for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Bart Kofoed | President Trustee or director, Officer | 55 | $72,000 | $693 |
Address and contacts
- Address (IRS master file)
- 6030 ABBEY WAY, MONROE, NC 28110-6387
- In care of
- % JOYCE
- Principal officer (990 for 2024)
- Bart Kofoed, 6030 Abbey Way, Monroe, NC 28110
- Signed the 990
- Bart Kofoed, President
- Phone
- (704) 393-3939
- Website
- www.2XSALT.org
- Return prepared by
- Foard and Company PA
Mission
2xSalt, Inc is a non profit that mentors and facilitates job skill training through the culinary arts, beverage service, hospitality service, catering and community outreach. We strive to create employment opportunity and volunteer opportunity for the unemployed and under-employed.
Program accomplishments
- 2xSalt, Inc is a non profit that mentors and facilitates job skill training through the culinary arts, beverage service, hospitality service, catering and community outreach. We strive to create employment opportunity and volunteer opportunity for the unemployed and under-employed.Expenses $485,038 · revenue $398,657
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 43-2023021
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N20)
- Assets (IRS master file)
- $2,312,721
- Income (IRS master file)
- $483,857
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $483,857 | $560,557 | $2,312,721 | XML |
| 990 | December 2023 | $684,636 | $934,656 | $2,320,925 | XML |
| 990 | December 2022 | $790,585 | $769,299 | $2,517,232 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 43-2023021).
Questions about 2XSALT INC
- What is the EIN of 2XSALT INC?
- The employer identification number (EIN) of 2XSALT INC is 43-2023021.
- Is 2XSALT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to 2XSALT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 2XSALT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 2XSALT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 2XSALT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 2XSALT INC?
- The 990 for the year ended December 31, 2024 names Bart Kofoed.
- Who are the officers and directors of 2XSALT INC?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $72,000 (Bart Kofoed, President).
- How much revenue does 2XSALT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $483,857, expenses of $560,557 and total assets of $2,312,721 at year end.
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All nonprofits in MONROE · North Carolina · Recreation and sports