Form990-EZ
Click to see attachment
Department of the Treasury
Internal Revenue Service
Short Form
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code
(except black lung benefit trust or private foundation)
bullet Sponsoring organizations of donor advised funds, organizations that operate one or more hospital facilities, and certain controlling organizations as defined in section 512(b)(13) must file Form 990 (see instructions).
All other organizations with gross receipts less than $200,000 and total assets less than $500,000 at the end of the year may use this form.
bulletThe organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-1150
2010
Open to Public
Inspection
A
For the 2010 calendar year, or tax year beginning 07-01-2010, and ending 06-30-2011
B
Check if applicable:
C Name of organization
NC 20 INC
 
Number and street (or P. O. box, if mail is not delivered to street address)705 PAGE ROAD
  Room/suite
City or town, state or country, and ZIP + 4 WASHINGTON, NC27889
D Employer identification number

80-0350218
E Telephone number

(252) 946-3970
F Group Exemption
Number. . bullet  
G Accounting method: Other (specify) bullet   H Check bulletI Website:bulletWWW.NC-20.COMJ Tax-Exempt status(check only one)—( 4) bullet(insert no.) or
K Check bullet A Form 990-EZ or Form 990 return is not required though Form 990-N (e-postcard) may be required (see instructions). But if the organization chooses to file a return, be sure to file a complete return.
L Add lines 5b, 6c, and 7b, to line 9 to determine gross receipts; If gross receipts are $200,000 or more, or if total assets (Part II, line 25, column (B) below) are $500,000 or more, file Form 990 instead of Form 990-EZ.. . bullet $ 55,884
Part IRevenue, Expenses, and Changes in Net Assets or Fund Balances (See the instructions for Part I.) Check if the organization used Schedule O to respond to any question in this Part I . . . . . . . .
VerticalRevenue 1 Contributions, gifts, grants, and similar amounts received . . . . . . . . . 1 1,240
2 Program service revenue including government fees and contracts . . . . . . . 2  
3 Membership dues and assessments . . . . . . . . . . . . . . 3 54,644
4 Investment income . . . . . . . . . . . . . . . . . . 4  
5a Gross amount from sale of assets other than inventory . . . . 5a  
b Less: cost or other basis and sales expenses . . 5b  
c Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) . . 5c  
6 Gaming and fundraising events
a Gross income from gaming (attach Schedule G if greater than $15,000) 6a  
b Gross income from fundraising events (not including $   of contributions from fundraising events reported on line 1) (attach Schedule G if the sum of such gross income and contributions exceed $15,000) . . . . . . .
c Less: direct expenses from gaming and fundraising events . . . 6c  
d Net income or (loss) from gaming and fundraising events (Add lines 6a and 6b and subtract line 6c) 6d  
7a Gross sales of inventory, less returns and allowances . . . . 7a  
b Less: cost of goods sold . . . . . . . . . . 7b  
c Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) . . . . . . 7c  
8 Other revenue (describe in Schedule O) . . . . . . . . . 8  
9 Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 . . . . . . . . . 9 55,884
VerticalExpenses 10 Grants and similar amounts paid (list in Schedule O) . . . . . . . . 10  
11 Benefits paid to or for members . . . . . . . . . . . . . . . 11  
12 Salaries, other compensation, and employee benefits . . . . . . . . . . . 12  
13 Professional fees and other payments to independent contractors . . . . . . . . 13 625
14 Occupancy, rent, utilities, and maintenance . . . . . . . . . . . . . 14  
15 Printing, publications, postage, and shipping . . . . . . . . . . . . 15  
16 Other expenses (describe in Schedule O) . . . . . . . . . . 16 32,309
17 Total expenses. Add lines 10 through 16 . . . . . . . . . . . . 17 32,934
VerticalNetAssets 18 Excess or (deficit) for the year (Subtract line 17 from line 9) . . . . . . . . . 18 22,950
19 Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
end-of-year figure reported on prior year’s return) . . . . . . . . . . . 19 2,570
20 Other changes in net assets or fund balances (explain in Schedule O) . . . . . . . 20  
21 Net assets or fund balances at end of year. Combine lines 18 through 20 . . . . . Bullet 21 25,520
Part IIBalance Sheets Check if the organization used Schedule O to respond to any question in this Part II. . . . . . . . .

(See the instructions for Part II.)(A) Beginning of year(B) End of year
22Cash, savings, and investments . . . . . . . . . .
1,210
22
8,470
23Land and buildings . . . . . . . . . . . . .
 
23
 
24Other assets (describe in Schedule O) . . . . . .
1,360
24
17,050
25Total assets . . . . . . . . . . . . . .
2,570
25
25,520
26
Total liabilities (describe in Schedule O) . . . . .
 
26
 
27Net assets or fund balances (line 27 of column (B) must agree with line 21) .
2,570
27
25,520
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 10642I Form 990-EZ (2010)
Form 990-EZ (2010)
Page 2
Part IIIStatement of Program Service Accomplishments Check if the organization used Schedule O to respond to any question in this Part III . Expenses
(Required for section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts; optional for others.)
What is the organization's primary exempt purpose? THE CORPORATION IS ORGANIZED AS AN ASSOCIATION OF MEMBERS HAVING A COMMON BUSINESS INTEREST IN ECONOMIC DEVELOPMENT WITHIN THE TWENTY COASTAL CAMA COUNTIES OF NORTH CAROLINA. IT SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF PROMOTING THIS COMMON BUSINESS INTEREST BY IMPROVING BUSINESS CONDITIONS WITH THE AFORESAID COUNTIES, AND SHALL EXERCISE THOSE POWERS CONSISTENT THEREWITH GRANTED TO NONPROFIT CORPORATIONS BY THE LAWS OF NORTH CAROLINA.
Describe what was achieved in carrying out the organization's exempt purposes. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 TO SUPPORT COMMON ENVIROMENTAL AND ECONOMIC DEVELOPMENT INTEREST WITHIN THE TWENTY COASTAL CAMA COUNTIES THROUGH COORDINATED COMMUNICATION, INFORMATION SHARING DATA COLLECTION AND MONITORING, CREDIBLE AND UNBIASED SCIENTIFIC RESEARCH, AND PROACTIVE INTERACTION WITH LEGISLATIVE AND EXECUTIVE DECISION MAKER AT ALL LEVELS OF GOVERNMENT.
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet		 28a 32,934
29 TO GATHER, COLLECT AND SHARE ACCURATE AND OBJECTIVE INFORMATION THAT MAY IMPACT THE COMMON INTERESTS OF THE CITIZENS AND GOVERNMENTS WITHIN THE TWENTY COASTAL COUNTIES.
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet		 29a  
30 TO ADVOCATE THAT ENVIRONMENTAL AND ECONOMIC GOALS ARE NOT MUTUALLY EXCLUSIVE, BUT RATHER NECESSARY COMPONENTS OF LONGER TERM, POSITIVE DEVELOPMENT OF THE COASTAL REGION.
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet		 30a  
TO ENCOURAGE A COALITION OF COASTAL GOVERNMENTS TO WORK TOGETHER TO PROMOTE AND DEFEND THE COMMON ENVIRONMENTAL AND ECONOMIC DEVELOPMENT INTERESTS OF THE REGION, AND EDUCATE THE LARGER CITIZENRY OF NORTH CAROLINA ABOUT SUCH ISSUES.
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet		  
31 Other program services (describe in Schedule O) . . . . . . . . . . . .
(Grants $   ) If this amount includes foreign grants, check here...MediumBullet		 31a
32 Total program service expenses (add lines 28a through 31a) . . . . . . . . . bullet 32 32,934
Part IVList of Officers, Directors, Trustees, and Key Employees. List each one even if not compensated. (See the instructions for Part IV.) Check if the organization used Schedule O to respond to any question in this Part IV . . . . . . . .
(a) Name and address (b) Title and average
hours per week
devoted to position		 (c) Compensation
(If not paid,
enter -0-.) 		(d) Contributions to
employee benefit plans &
deferred compensation		 (e) Expense
account and
other allowances
TOMMY G THOMPSONClick to see attachment
1023 BASIL DRIVE
NEW BERN,NC28562
 CHAIRMAN5.00 0    
WILLO KELLYClick to see attachment
105 W AIRSTRIP ROAD
KILL DEVIL HILLS,NC27948
 PRESIDENT1.00 0    
LARRY BALDWINClick to see attachment
PO BOX 2522
WILMINGTON,NC28402
 VICE PRESIDE1.00 0    
HENRY STILLEYClick to see attachment
PO BOX 12666
NEW BERN,NC28561
 VICE PRESIDE1.00 0    
MISSY BASKERVILLEClick to see attachment
PO BOX 864
ORIENTAL,NC28571
 MEMBER1.00 0    
BILL PRICEClick to see attachment
PO BOX 2112
MOREHEAD CITY,NC28557
 MEMBER1.00 0    
BOBBY DARDENClick to see attachment
PO BOX 45
HERTFORD,NC27944
 MEMBER1.00 0    
BOBBY OUTTENClick to see attachment
PO BOX 1000
MANTEO,NC27954
 MEMBER1.00 0    
DANIEL SCANLONClick to see attachment
153 COURTHOUSE ROAD
CURRITUCK,NC27929
 MEMBER1.00 0    
RUDI RUDOLPHClick to see attachment
PO BOX 4297
EMERALD ISLE,NC28594
 MEMBER1.00 0    
RANDELL WOODRUFFClick to see attachment
121 WEST 3RD STREET
WASHINGTON,NC27889
 MEMBER1.00 0    
WILLIAM COWANClick to see attachment
PO BOX 190
CAMDEN,NC27921
 MEMBER1.00 0    
W RUSSELL OVERMANClick to see attachment
302 COURT HOUSE SQUARE
BEAUFORT,NC28516
 MEMBER1.00 0    
MAZIE SMITHClick to see attachment
PO BOX 188
SWAN QUARTER,NC27885
 MEMBER1.00 0    
TIM BUCKClick to see attachment
PO BOX 776
BAYBORO,NC28515
 MEMBER1.00 0    
DAVID PEOPLESClick to see attachment
PO BOX 1007
PLYMOUTH,NC27962
 MEMBER1.00 0    
JOHN DROZClick to see attachment
7947 BRANTINGHAM ROAD
GREIG,NY13345
 MEMBER1.00 0    
RANDY KEATONClick to see attachment
PO BOX 39
ELIZABETH CITY,NC27907
 MEMBER1.00 0    
BOB SLOCUMClick to see attachment
1600 GLENWOOD AVE
RALEIGH,NC27608
 MEMBER1.00 0    
Form 990-EZ (2010)
Form 990-EZ (2010)
Page 3
Part VOther Information(Note the statement requirements in the instructions for Part V.)YesNo Check if the organization used Schedule O to respond to any question in this Part V . . . .
33
Did the organization engage in any activity not previously reported to the IRS? If "Yes," provide a detailed description of each activity in Schedule O ..............
33
 
No
34
Were any significant changes made to the organizing or governing documents? If "Yes," attach a conformed copy of the amended documents if they reflect a change to the organization’s name. Otherwise, explain the change on Schedule O (see instructions). ...................
34
 
No
35
If the organization had income from business activities, such as those reported on lines 2, 6a, and 7a (among others), but not reported on Form 990-T, explain in Schedule O why the organization did not report the income on Form 990-T. ........................
a
Did the organization have unrelated business gross income of $1,000 or more or was it a section 501(c)(4), 501(c)(5), or 501(c)(6) organization subject to section 6033(e) notice, reporting, and proxy tax requirements?
35a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year? (see instructions) ........
35b
 
 
36
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? If “Yes,” complete applicable parts of Schedule N .............
36
 
No
37a
Enter amount of political expenditures, direct or indirect, as described in the instructions. bullet
37a
 
b
Did the organization file Form 1120-POL for this year? ...............
37b
 
No
38a
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were
any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?
38a
 
No
b
If “Yes,” complete Schedule L, Part II and enter the total amount involved .
38b
 
39
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on line 9 ......
39a
 
b
Gross receipts, included on line 9, for public use of club facilities ....
39b
 
40a
Section 501(c)(3) organizations. Enter amount of tax imposed on the organization during the year under:
section 4911 bullet   ; section 4912 bullet   ; section 4955 bullet  
b
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I. ....
40b
 
No
c
Section 501(c)(3) and 501(c)(4) organizations. Enter amount of tax imposed on organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 ..bullet  
d
Section 501(c)(3) and 501(c)(4) organizations. Enter amount of tax on line 40c reimbursed by the organization ...................bullet  
e
All organizations. At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? If "Yes," complete Form 8886-T. .................
40e
 
No
41List the states with which a copy of this return is filed. bullet
42aThe organization's books are in care of bulletBEAUFORT CO COMMITTEE OF 100 LTD Telephone no. bullet (252) 946-3970
Located at bullet705 PAGE RD
WASHINGTON,NC ZIP + 4bullet27889
b
At any time during the calendar year, did the organization have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)?
Yes
No
42b
 
No
If “Yes,” enter the name of the foreign country: bullet  
See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
c
At any time during the calendar year, did the organization maintain an office outside of the U.S.?
42c
 
No
If “Yes,” enter the name of the foreign country: bullet  
43.......bullet
and enter the amount of tax-exempt interest received or accrued during the tax year . . . bullet43
 
44a
Did the organization maintain any donor advised funds? If "Yes", Form 990 must be completed instead of
Yes
No
Form 990-EZ.. . . . . . . . . . . . . . . . . . . .
44a
 
No
b
Did the organization operate one or more hospital facilities during the year? If ‘Yes,’ Form 990 must be completed instead of Form990-EZ. . . . . . . . .
44b
 
No
c
Did the organization receive any payments for indoor tanning services during the year? . . . . . . .
44c
 
No
d
If 'Yes' to line 44c, has the organization filed a Form 720 to report these payments? If ‘No,’ provide an explanation in Schedule O. . . . . . . . .
44d
 
 
45
Is any related organization a controlled entity of the organization within the meaning of section 512(b)(13)? If ‘Yes,’ Form 990 and Schedule R must be completed instead of Form990-EZ. . . . . . . . .
45
 
No
45a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If ‘Yes,’ Form 990 and Schedule R must be completed instead of Form990-EZ. .
45a
 
No
46
Did the organization engage, directly or indirectly, in political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I. . . . . . . . . .
46
 
No
Form 990-EZ (2010)
Form 990-EZ (2010)
Page 4
Part VI
Section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitable trusts only. All section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitable trusts must answer questions 47-49b and 52. Check if the organization used Schedule O to respond to any question in this Part VI . . . . . . . .
Yes
No
47
Did the organization engage in lobbying activities? If "Yes," complete Schedule C, Part II . . . .
47
 
 
48
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E . . .
48
 
 
49a
Did the organization make any transfers to an exempt non-charitable related organization? . . . .
49a
 
 
b
If "Yes," was the related organization a section 527 organization? . . . . . . . . .
49b
 
 
50
Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."
(a) Name and address of each employee paid more than $100,000 (b) Title and average
hours per week
devoted to position		 (c) Compensation
 (d) Contributions to
employee benefit plans &
deferred compensation		 (e) Expense
account and
other allowances
 
50(f)
Total number of other employees paid over $100,000 . . . . . . . . . . . . . bullet  

51
Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."
(a) Name and address of each independent contractor paid more than $100,000 (b) Type of service (c) Compensation
 
51(d)
Total number of other independent contractors each receiving over $100,000 . . . . . . . bullet  
52
Did the organization complete Schedule A? NOTE: All Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts must attach a completed Schedule A ....................
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(See instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
Form 990-EZ (2010)

Additional Data


Software ID:  
Software Version:  

Form 990-EZ, Special Condition Description:
Special Condition Description
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
NC 20 INC
 
Employer identification number

80-0350218
Identifier Return Reference Explanation
OTHER EXPENSES FORM 990-EZ, PART I, LINE 16 EXPENSES ADVERTISING 1,935 OFFICE SUPPLIES 290 EVENTS EXPENSE 2,632 CONTRACT LABOR 27,347 POSTAGE & SHIPPING 105 TOTAL 32,309
OTHER ASSETS FORM 990-EZ, PART II, LINE 24 ACCOUNTS RECEIVABLE 1,360 17,050 TOTAL 1,360 17,050
PRIMARY EXEMPT PURPOSE FORM 990-EZ, PART III THE CORPORATION IS ORGANIZED AS AN ASSOCIATION OF MEMBERS HAVING A COMMON BUSINESS INTEREST IN ECONOMIC DEVELOPMENT WITHIN THE TWENTY COASTAL CAMA COUNTIES OF NORTH CAROLINA. IT SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF PROMOTING THIS COMMON BUSINESS INTEREST BY IMPROVING BUSINESS CONDITIONS WITH THE AFORESAID COUNTIES, AND SHALL EXERCISE THOSE POWERS CONSISTENT THEREWITH GRANTED TO NONPROFIT CORPORATIONS BY THE LAWS OF NORTH CAROLINA.
FIRST ACHIEVEMENT FORM 990-EZ, PART III, LINE 28 TO SUPPORT COMMON ENVIROMENTAL AND ECONOMIC DEVELOPMENT INTEREST WITHIN THE TWENTY COASTAL CAMA COUNTIES THROUGH COORDINATED COMMUNICATION, INFORMATION SHARING DATA COLLECTION AND MONITORING, CREDIBLE AND UNBIASED SCIENTIFIC RESEARCH, AND PROACTIVE INTERACTION WITH LEGISLATIVE AND EXECUTIVE DECISION MAKER AT ALL LEVELS OF GOVERNMENT.
ALL OTHER ACHIEVEMENTS FORM 990-EZ, PART III, LINE 31 TO ENCOURAGE A COALITION OF COASTAL GOVERNMENTS TO WORK TOGETHER TO PROMOTE AND DEFEND THE COMMON ENVIRONMENTAL AND ECONOMIC DEVELOPMENT INTERESTS OF THE REGION, AND EDUCATE THE LARGER CITIZENRY OF NORTH CAROLINA ABOUT SUCH ISSUES.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  

TY 2010 CompensationExplanation
Name:
NC 20 INC
EIN: 80-0350218
Person Name Explanation
TOMMY G THOMPSON  
WILLO KELLY  
LARRY BALDWIN  
HENRY STILLEY  
MISSY BASKERVILLE  
BILL PRICE  
BOBBY DARDEN  
BOBBY OUTTEN  
DANIEL SCANLON  
RUDI RUDOLPH  
RANDELL WOODRUFF  
WILLIAM COWAN  
W RUSSELL OVERMAN  
MAZIE SMITH  
TIM BUCK  
DAVID PEOPLES  
JOHN DROZ  
RANDY KEATON  
BOB SLOCUM