50K FOUNDATION
CHARLOTTE,
North Carolina,
28210
EIN: 82-1217363
Educational Institutions and Related Activities
MISSION
Assist underserved college graduates suffering from the student loan debt crisis. Over 44 million graduates have accumulated more than $1.4 trillion dollars in student loan debt. We aim to increase awareness and provide student debt relief.
DEMOGRAPHIC
ADDRESS
3314 HEATHSTEAD PL
28210
COUNTY
mecklenburg county, NC
IN CARE OF NAME
EBONIE HAYES
ORGANIZATIONAL OVERVIEW & RANKINGS
50K FOUNDATION is a based in CHARLOTTE, NC, focused on Educational Institutions and Related Activities causes , specifically Fund Raising and/or Fund Distribution. Established in June 2018, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,423,397 among 2,656,690 nonprofits nationally (Top 92%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 57,207 out of 80,207 organizations in NC (Top 72%).
In mecklenburg county, NC, the organization ranks 9,040 out of 10,149 nonprofits by assets (Top 90%), while locally in charlotte, it stands at 7,727 among 8,464 organizations (Top 92%).
The organization reported no revenue in the most recent filing period, placing it at 2,169,765 nationally and 80,160 in NC.
Within its specific NTEE classification (B12 - B: Educational Institutions and Related Activities), which includes 11,494 similar organizations, 50K FOUNDATION ranks 10,639 in assets (Top 93%) and 10,245 in revenue (Top 90%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2018 and was reinstated on June 15, 2018 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B12: Fund Raising and/or Fund Distribution
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Tuesday, May 15, 2018;
Reinstated: Friday, June 15, 2018
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
06/2018
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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