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Nonprofit · EIN 56-1780517

BULL CITY FAIR TRADE

Tax-exempt · DURHAM, NC 27705

Financials

$255K$302K2023$255K$307K2024
Revenue Expenses · by fiscal year end
Financials of BULL CITY FAIR TRADE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$255,049$307,002-$51,953$75,281$96,387-$21,106
December 31, 2023990$255,050$301,821-$46,771$116,311$85,463$30,848
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$34,343
Program service revenue
$443
Investment income
$19
Net income from sales of inventory
$220,244
Other revenue
$220,244

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$50,338
Other salaries and wages
$82,351
Salaries, compensation and benefits (total)
$158,417
Professional fundraising fees
$0
Accounting fees
$2,235
Occupancy
$97,309
Travel
$649
Depreciation
$1,958
Program services (functional)
$263,244
Management and general (functional)
$40,072
Fundraising (functional)
$3,686

Balance sheet and other

Total assets, start of year
$116,311
Total assets, end of year
$75,281
Total liabilities, end of year
$96,387
Net assets, end of year
-$21,106
Land, buildings and equipment
$678
Net assets without donor restrictions
-$21,106
Gross receipts
$485,596
Employees
6
Volunteers
32
Year formed
1992
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.

NameTitleHours / weekCompensationOther / benefits
Amy BourretExecutive Director
Officer
40$50,338$4,751
Leta LoydTreasurer
Trustee or director, Officer
4$2,235$0
Steve BoothBoard Member
Trustee or director
2$0$0
Tim HultzmanBoard Member
Trustee or director
1$0$0
Emeline SmithBoard Member
Trustee or director
2$0$0
Gale AdlandBoard Member
Trustee or director
2$0$0
Katie PeoplesBoard Member
Trustee or director
1$0$0
Teddie BrownSecretary
Trustee or director, Officer
1$0$0
Rebecca KyleBoard Chair
Trustee or director, Officer
2$0$0
Jan WilliamsSecretary Jan 24
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
Amy BourretExecutive Director
Officer
40$52,656$5,435
Leta LoydTreasurer
Trustee or director, Officer
4$2,245$0
Tim HultzmanBoard Member
Trustee or director
2$0$0
Emeline SmithBoard Member
Trustee or director
1$0$0
Teddie BrownBoard Member
Trustee or director
1$0$0
Mary MathewBoard Member
Trustee or director
1$0$0
Steve BoothBoard Member
Trustee or director
2$0$0
Melissa GodwinBoard Member
Trustee or director
1$0$0
Jan WilliamsSecretary
Trustee or director, Officer
3$0$0
Rebecca KyleBoard Chair
Trustee or director, Officer
4$0$0

Address and contacts

Address (IRS master file)
811 9TH ST STE 100, DURHAM, NC 27705-4149
In care of
% REBECCA KYLE
Principal officer (990 for 2024)
Rebecca Kyle, 811 Ninth Street STE 100, Durham, NC 27705
Signed the 990
REBECCA KYLE, Board Chair
Phone
(919) 286-2457
Return prepared by
Leta R Loyd CPA

Mission

Supporting low income artisans: Bull City Fair Trade reduces global poverty by providing low income artisans with a fair income by selling their handcrafts.

990 for the year ended December 31, 2024

Program accomplishments

  • Operation of Fair Trade Store: Bull City Fair Trade purchased $225,000 in handcrafts and food items substantially all of which were produced in many economically developing countries. A total of 32 volunteers donated about 889 hours worth $30,928 helping with sales and other tasks. As members of the Fair Trade Federation many of our suppliers commit to creating opportunities for marginalized producers, developing accountable relationships, ensuring safe working conditions, paying promptly and fairly, ensuring the rights of children, cultivating environmental stewardship, and respecting cultural identity. Other groups we work with follow fair trade practices. Our online store increases the geographical reach of our sales.
    Expenses $248,218
  • Education Activities: Bull City Fair Trade holds Shop & Share events in which local organization have a shopping night and receive a percentage of the sales. In addition, through social media and in-store displays, the organization informed the public about the need for an economy of fair trade worldwide and the importance of sustainable development that is ecologically sound. Bull City Fair Trade serves as a cross-cultural resource for the Durham community.
    Expenses $15,026

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-1780517
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1992
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P29Z)
Assets (IRS master file)
$75,281
Income (IRS master file)
$485,596

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$255,049$307,002$75,281XML
990December 2023$255,050$301,821$116,311XML
990December 2022$275,587$295,043$164,941IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 56-1780517).

Questions about BULL CITY FAIR TRADE

What is the EIN of BULL CITY FAIR TRADE?
The employer identification number (EIN) of BULL CITY FAIR TRADE is 56-1780517.
Is BULL CITY FAIR TRADE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
Are donations to BULL CITY FAIR TRADE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BULL CITY FAIR TRADE 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 BULL CITY FAIR TRADE 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 BULL CITY FAIR TRADE 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 BULL CITY FAIR TRADE?
The 990 for the year ended December 31, 2024 names Rebecca Kyle.
Who are the officers and directors of BULL CITY FAIR TRADE?
The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $50,338 (Amy Bourret, Executive Director).
How much revenue does BULL CITY FAIR TRADE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $255,049, expenses of $307,002 and total assets of $75,281 at year end.

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