Nonprofit · EIN 46-0568407
CAROLINA COMMON ENTERPRISE
Tax-exempt · DURHAM, NC 27709
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $507,100 | $486,805 | $20,295 | $877,285 | $1,038,301 | -$161,016 |
| December 31, 2023 | 990 | $316,424 | $372,759 | -$56,335 | $394,571 | $575,882 | -$181,311 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $462,836
- of which government grants
- $444,624
- Program service revenue
- $44,144
- Investment income
- $120
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $50
- Compensation of officers, directors and key employees
- $29,691
- Other salaries and wages
- $284,219
- Salaries, compensation and benefits (total)
- $351,429
- Professional fundraising fees
- $0
- Accounting fees
- $5,088
- Occupancy
- $12,000
- Travel
- $16,031
- Depreciation
- $2,331
- Program services (functional)
- $254,376
- Management and general (functional)
- $122,528
- Fundraising (functional)
- $109,901
Balance sheet and other
- Total assets, start of year
- $394,571
- Total assets, end of year
- $877,285
- Total liabilities, end of year
- $1,038,301
- Net assets, end of year
- -$161,016
- Land, buildings and equipment
- $6,501
- Net assets without donor restrictions
- -$161,016
- Gross receipts
- $507,100
- Employees
- 3
- Volunteers
- 4
- Year formed
- 2012
- 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 |
|---|---|---|---|
| Thomas Beckett | Executive Dir. Officer | 40 | $29,691 |
| Erin McLellan | Director Trustee or director | 2 | $0 |
| Sara Coats | Director Trustee or director | 3 | $0 |
| Nicole Villano | Director Trustee or director | 3 | $0 |
| Luke Homan | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS BECKETT | EXECUTIVE DIRECTOR Officer | 40 | $85,821 |
| ANNE CLAIRE BROUGHTON | DIRECTOR Trustee or director | 1 | $0 |
| EMILY NAIL | DIRECTOR Trustee or director | 1 | $0 |
| BECKY BOWEN | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN PETERSON | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL SPINK | DIRECTOR Trustee or director | 1 | $0 |
| NICOLLE VILLANO | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 12408, DURHAM, NC 27709-2408
- In care of
- % CAROLINA COMMON ENTERPRISE
- Principal officer (990 for 2024)
- Thomas Beckett, PO Box 12408, Durham, NC 27709
- Signed the 990
- Thomas Beckett, Executive Director
- Phone
- (919) 246-9929
- Website
- commonenterprise.coop
- Return prepared by
- Key Figures LLC
Mission
The specific objectives and purposes of this corporation shall be to assist individuals and communities, particularly those in low-income and socially disadvantaged areas, in the creation, expansion, and improvement of rural and community-based enterprises, particularly those that are cooperatively or mutually owned and governed.
Program accomplishments
- CCE has begun to support 4 new cooperative startups, hired a new Cooperative Outreach Coordinator, and have provided law support for a number of other cooperatives throughout NC.Expenses $254,376 · grants $50 · revenue $44,144
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
- 46-0568407
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S193)
- Assets (IRS master file)
- $877,285
- Income (IRS master file)
- $507,100
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $507,100 | $486,805 | $877,285 | IRS |
| 990 | December 2023 | $316,424 | $372,759 | $394,571 | XML |
| 990 | December 2022 | $317,106 | $389,089 | $300,917 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 46-0568407).
Questions about CAROLINA COMMON ENTERPRISE
- What is the EIN of CAROLINA COMMON ENTERPRISE?
- The employer identification number (EIN) of CAROLINA COMMON ENTERPRISE is 46-0568407.
- Is CAROLINA COMMON ENTERPRISE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to CAROLINA COMMON ENTERPRISE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROLINA COMMON ENTERPRISE 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 CAROLINA COMMON ENTERPRISE 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 CAROLINA COMMON ENTERPRISE 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 CAROLINA COMMON ENTERPRISE?
- The 990 for the year ended December 31, 2024 names Thomas Beckett.
- Who are the officers and directors of CAROLINA COMMON ENTERPRISE?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $29,691 (Thomas Beckett, Executive Dir.).
- How much revenue does CAROLINA COMMON ENTERPRISE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $507,100, expenses of $486,805 and total assets of $877,285 at year end.
Other nonprofits in DURHAM
- ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS EIN 36-4847532 · last filed 990 for 2024
- SELF HELP VENTURES FUND EIN 58-1562750 · last filed 990 for 2024
- SRCCO INC EIN 56-2038762 · last filed 990 for 2024
- REINVESTMENT PARTNERS EIN 31-1587628 · last filed 990 for 2024
- NEW DURHAM CORPORATION EIN 56-1529636 · last filed 990 for 2025
- SELF-HELP COMMUNITY DEVELOPMENT CORP EIN 56-1975829 · last filed 990 for 2024
- INTERNATIONAL LEAD ASSOCIATION INC EIN 83-2950610 · last filed 990 for 2025
- EL CENTRO HISPANO INC EIN 56-2011661 · last filed 990 for 2025
All nonprofits in DURHAM · North Carolina · Community improvement and capacity building