Latta Place INC FY2021 filing

Huntersville, NCUnknown exempt organization EIN 23-7296889Revenue $221K in FY2021

On file with the IRSlattaplantation.orgPo Box 2273 · Huntersville, NC

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Exhibition and educational tours explaining life and times of early colonial life through Latta Plantation historical site.

85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $22K a year · 9% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$21K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$221K
-16% vs prior year
Spent
$247K
To programs
85%
Net assets
$137K
By yearFY2020–FY2022
Revenue
$221K
FY2021▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$264K
FY2021$221K
FY2022$9K
Expenses
$247K
FY2021▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$283K
FY2021$247K
FY2022Not on file
Net assets
$137K
FY2021▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$162K
FY2021$137K
FY2022$0

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $209K Management & general 15% · $37K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Latta Place INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Explains early colonial life through historical site tours and exhibits.

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Provided by the organization

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1 program · $209K · in their own filed words · FY2020
01

Exhibition and educational tours to explain life and times of early colonial life at Historic Latta Plantation.

$209Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$5

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$221K
Ln 12
Fees for servicesLn 2g$114K
Gifts and grantsLn 1h$99K
Other incomeLn 4–11$8K
Money outPt IX
$247K
Ln 25
Programscol B$209K
Managementcol C$37K
Owns and owesPt X
$137K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$158K
LiabilitiesLn 26$21K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$99K
Government grantsLn 1e$50K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$12K
Fees for servicesLn 2g$114K
Investment incomeLn 3$7
Other incomeLn 4–11$8K
Total revenueLn 12$221K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$14K
Cash and savings togetherLn 1–2$38K
Land, buildings, equipmentLn 10c$109K
Total assetsLn 16$158K
LiabilitiesLn 26$21K
Net assetsLn 32$137K
OperationsPt I, VI
EmployeesI 512
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$29K$38K
Land, buildings, equipmentLn 10c$131K$109K
Total assetsLn 16$176K$158K
LiabilitiesLn 26$13K$21K
Net assetsLn 32$162K$137K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$122K$122K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$62K$45K$18K$0
Advertising and promotionLn 12$2K$2K$0$0
Office expensesLn 13$20K$0$20K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$7K$7K$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$21K$21K$0$0
InsuranceLn 23$12K$12K$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$247K$209K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $9K$0 990 PDF
FY2021 Viewing $221K$247K−$25K$137K 990 PDF
FY2020 $264K$283K−$19K$162K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $221,424 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $101,801$99,188
I-9 Program service revenuePrior year $161,104$114,235
I-10 Investment incomePrior year $12$7
I-11 Other revenuePrior year $824$7,994
I-12 Total revenuePrior year $263,741$221,424
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $164,598$121,939
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $118,609$124,683
I-18 Total expensesPrior year $283,207$246,622
I-19 Revenue less expensesPrior year −$19,466−$25,198
Part VI · Governance 13 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $221,424 across 12 lines filed
Lines not itemized here account for $8,144 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$7,422
VIII-1c Fundraising events$11,972
VIII-1d Related organizations$0
VIII-1e Government grants$50,225
VIII-1f All other contributions, gifts and grants$29,569
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$99,188
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $114,085 · Unrelated business $0 · Excluded from tax $0$114,085
VIII-3 Investment incomeRelated to mission $7 · Unrelated business $0 · Excluded from tax $0$7
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $122,236 · Unrelated business $0 · Excluded from tax $0$221,424
Part IX · Statement of functional expenses $246,622 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $121,939 · Management $0 · Fundraising $0$121,939
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $44,797 · Management $17,565 · Fundraising $0$62,362
IX-12 Advertising and promotionPrograms $1,839 · Management $0 · Fundraising $0$1,839
IX-13 Office expensesPrograms $0 · Management $19,766 · Fundraising $0$19,766
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $7,411 · Management $0 · Fundraising $0$7,411
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $21,306 · Management $0 · Fundraising $0$21,306
IX-23 InsurancePrograms $11,999 · Management $0 · Fundraising $0$11,999
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $209,291 · Management $37,331 · Fundraising $0$246,622
Part X · Balance sheet $158,283 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $15,321$23,592
X-2 Savings and temporary cash investmentsStart of year $14,152$14,148
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $9,851$8,283
X-9 Prepaid expenses and deferred chargesStart of year $5,514$2,840
X-10c Land, buildings and equipment, netStart of year $130,714$109,420
X-16 Total assetsStart of year $175,552$158,283
X-17 Accounts payable and accrued expensesStart of year $10,880$21,294
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $2,485$0
X-26 Total liabilitiesStart of year $13,365$21,294
X-27 Net assets without donor restrictionsStart of year $162,187$136,989
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $162,187$136,989
X-33 Total liabilities and net assetsStart of year $175,552$158,283
Part XI · Reconciliation of net assets $136,989 net assets at year end
XI-1 Total revenue$221,424
XI-2 Total expenses$246,622
XI-3 Revenue less expenses−$25,198
XI-4 Net assets at start of year$162,187
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$136,989

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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