EXTENDED THROUGH AUGUST 17 201 5 . . one .1545-0047 Return of Organization Exempt From income Tax Form Under section 501(c), 527, or 4947(a)(1) of the internal Revenue Code (except private foundations) Depanmam of ma Treasury Do not enter social security numbers on this form as it may be made public. open to p?ubiic internal Revenue Service Information about Form 990 and its instructions is at wwarggov/fonnwa. inspection A For the 2014 calendar year, or tax year beginning MAR 5 0 1 4 and ending DEC 3 1 2 0 1 4 giggle: Name of organization Empioyer identification number 953335 CAROLINA RIS ING INC . Privacy Reduction 21533:: Doing business as 133?; Number and street (or PD. box if mail is not delivered to street address) Room/suite Telepho filing, 7474 CREEDMOOR ROAD, SUITE 175 (919) 671?1050 3'53? City or town, state or province, country, and ZIP or foreign postal code Gross receipts slit?? RALEIGH . NC 2 '7 6 1 3 His) is this a group return D?gi?i??a? Name and address of principal . WOODHOUSE for subordinates? miles No mm? 7474 cessomoos ROAD RALEIGH NC 27513 nib)Amiabsiinaiesimimsiijves [Ilsa i Tax-exempt status: [3 501(c)(3) [if] 501(c}( 4 )4 (insert no.) I i or 52? it attach a iist. (see instructions) Website: CAROLINARI SING . ORG ch) Group exemption number Form of organization: Corporatled Trust Other} I Yes; of formation: 2 0 4) State of legal domiciio: NC I Part I I Summary a, 1 Brie?y describe the organization?s mission or most signi?cant activities: PROMOTE LIMITED GOVERNMENT LOW TAXATION . AND A THRIVING ECONOMY . 2 Check this box C) if the organization discontinued its operations or disposed of more than 25% of its net assets. 3 3 Number of voting members Of the governing (Part VI. 5'19 Ta) 3 3 4 Number of independent voting members of the governing body (Part VI, lino 1b) 4 2 3 5 Totai number of individuals employed in caiendar year 2014 {Part V, line 23) 5 0 6 Totai number of voiunteers (estimate if necessary?) 6 2:1 :5 7 a Total unreiated business revenue from Part Vill, coiumn (C), line 12 1g 0 . Net unrelated business taxabie income from Form 9904', line 34 .. 'Ib 0 . Prior Year Current Year or 8 Contributions and grantSPart Vin, line in) .. 4 880 . 000. 9 Program service revenue (Parr vmInvestment income (Part Viil, column (A), iines Other revenue (Part Vlii, column (A), lines 5, 6d. Bc, 9c, 10c, and 11s) 0 . 12 Total revenue - add lines 8 through it (must equal Part Viil, column (A), line 12Grants and similar amounts paid (Part IX, column (A), lines LS) 0 . 14 Bene?ts paid to or for members {Part or, column (A), line 4) 0 . 15 Salaries, other compensation, employee benefits (Part ix, column (A), lines 510) 0 . '8 163 Professional fundraising fees (Part ix, column (A), line He) 0 . Total fundraising expenses (Part IX, column (D), line 25)! 0 . i? 17 Other expenses (Part iX, coiumn (A), lines stasisTotal expenses. Add lines 13-17 (must equal Part lX, column (A), line 25Revenue less expenses. Subtract tine 18 from line Beginning at Current Year End of Year so 20 Total assets (Parr X. line 16} .. 80 . 657. $1 21 Total liabilities (Part X, line 26) .. 0 . 3 22 Net assets or fund balances. Subtract line 21 from iine [Fan ll )Signature Block under penalties of seriury, declare that I have examined this return, inciuding accompanying schedules and statements, and to the best of my knowiedoe and belief, it is true, correct, and complete. geolaretjoi (0 er then officpfhis bayod on 31 inform ch preparer has any knowledge. I i Sign Signatuie?of ofticer Sate Here DALLAS . WOODHOUS PRES IDENT TREASURER iype or print name and tide Printliype preparers name Preparer's si aiure Date Privacy Fold 0. THOMAS TURNER, CPA 08/12/1558h? nr- 3 r. 1- Preparer some name HEROUX COMPANY LLP Finn's an Pr?vacy 3" Use Only Eirm?s address 470 0 FALLS OF NEUSE ROAD SUITE 1 10 RALEIGH, NC 27609 Phoneno.919-783-9570 May the lFiS discuss this return with the prepmhown above? {see instructions) .. Yes No 432501 31?0i-14 LHA For Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2014) Privacy Reduction Form 990(2014) RISING, INC . Part Ill Statement of Program Service Accempiishments Check it Schedule 0 contains a response or note to any line in this Part ill .. 1 Briefly describe the organization's mission: PROMOTE LIMITED GOVERNMENT, LOW TAXATION, AND A THRIVING ECONOMY. 2 Did the organization undertake any signi?cant program services during the year which were not listed on the prior Form 990 or 990-52? .. Bites [Ki No if "Yes," describe these new services on Schedule 0. 3 Did the organization cease conducting, or make signi?cant changes in how it conducts, any program services? DYes No it "Yes," describe these changes on Schedule 0. 4 Describe the organization?s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501 (6X4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 43 (Code; HExpeosesincluding grants dis (Revenues 4 0 1 0 0 THE ORGANIZATION HAS PROMOTED SOUND PUBLIC POLICIES AND INDIVIDUAL FREEDOMS . EDUCATING CITI ZENS ABOUT NORTH CAROLINA TAX REFORM AND OTHER STATE ECONOMIC DEVELOPMENT ISSUES . 4b (Code: {Expenses inciuding grants 01$ (Revenue 40 (Code: (Expenses including grants of (Revenue 4d Other program services (Describe in Scheduie O.) (Expenses including grants of (Revenue 3 4e Total program service expenses Form 990 (20m) 632002 t1-0?-14 Privacy Reduction Form 990 (2014) CAROLINA RISING . INC . Q. Part iV Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3) or 4947(a)(t) (other than a private foundation)? If "Yes, complete Schedule A .. 1 2 Is the organization required to complete Schedule 3, Schedule of Contributord? 2 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes. complete Schedule C. Pam .. 3 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 50101) election in effect during the tax real? ll "Yes, complete Schedule 0. Part ll .. 4 5 Is the organization a section 501(c)(4), 501 or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes, complete Schedule C, Part 5 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I 6 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures? lr? ?Yes, complete Schedule D, Part ll 7 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If Yes, complete Schedule 0, Part1? .. 8 9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability; serve as a custodian for amounts not listed in Part or provide credit counseling, debt management, credit repair, or debt negotiation services? lf "Yes, complete Schedule D, Part iv .. 9 10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes, complete Schedule D. Part .. 10 it if the organization?s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, IX, or as applicable. a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes, complete Schedule D, Part VI .. 11a Did the organization report an amount for investments - other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X. line 16? If "Yes," complete Schedule D. Part .. Did the organization report an amount for investments - program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? if "Yes," complete Schedule D, Part ?l?ic Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X. line 36?? If "Yes, complete Schedule D, Part lX .. 11d aid the organization report an amount for other liabilities in Fart X, line 25? if "Yes," complete Schedule D, Part ?l'le Bid the organization?s separate or consolidated financial statements for the tax year include a footnote that addresses the organization?s liability for uncertain tax positions under RM 48 (ASC 740)? if "Yes, complete Schedule D, Part 111? 12a Did the organization obtain separate, independent audited financial statements for the tax year? if ?Yes, complete Schedule D. Part8 Xl and .. 12a in Was the organization included in consolidated, independent audited financial statements for the tax year? if ?Yes, and if the organization answered ?No? to line 1251, then completing Schedule D, Parts XI and XII is optional 1213 13 is the organization a school described in section t70lb)(1)(A)(ii)? if "Yes, complete Schedule 13 143 Did the organization maintain an office, employees, or agents outside of the United States? 143 Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 Or more? ll complete SChedUle F. Paris and 1V .. 14b 15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? ll "Yes, complete Schedule F. Parts ll eml IV .. 15 16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If "Yes," complete Schedule F. Parts and IV .. 16 17 Did the organization report a total of more than $15,000 of expenses for professional tundraising services on Part ix, comm? (A). lines 6 30d 119? if "Yes, complew SChedUle G. .. "f7 18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part lines ?lo and 8a? ll "Yes, complete Schedule G, Part ll .. 18 19 Did the organization report more than $15,000 of gross income from gaming activities on Part line 93? it ?Yes,? complete Schedule G. Part .. 19 20a Did the organization operate one or more hospital facilities? If "Yes," complete Schedule 20a If ?Yes? to line 20a, did the organization attach a copy of its audited financial statements to this return? .. 20!: Form 990 (2014) more 11-07-14 Privacy Reduction Form 990 (2014) CAROLINA RISING INC . 1g_ I Part EV I Checklist of Required Schedules (continued) Yes No 21 Did the organization report more than $5,000 oi grants or other assistance to any domestic organization or domestic government on Part EX, coiumn (A), line 1? If "Yes," complete Schedule Parts 1 and ll 2t 22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Pad IX. column (A). fine 2? if "Yes," complete Schedule A Parts land .. 22 23 Did the organization answer "Yes" to Fart Vil, Section A, line 3, 4, or 5 about compensation of the organization?s current and former officers, directors, trustees, key emptoyees, and highest compensated employees? If "Yes, complete Scheme .. 23 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002'? If "Yes," answer lines 24b through 240' and compiete Schedule K. if We go to line 25a ., 24a Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? 24b Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defeaso any tax-exempt bonds? .. 24c it Did the organization act as an "on behaif of" issuer for bonds outstanding at any time during the year? 24d 253 Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess bene?t transaction with a disqualified person during the year? If "Yes, complete Schedule L, Part! 25a i) is the organization aware that it engaged in an excess bene?t transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 99052? if ?Yes, compiete Schedule L. Peril .. 25b 26 Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former of?cers, directors, trustees, key empioyees, highest compensated employees, or disquali?ed persons? if "Yes, complete Schedule L, Part ll .. 26 27 Did the organization provide a grant or other assistance to an of?cer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? ll "Yes." compote Scheduie L. Part ill .. 27 28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part iv instructions for appiicable filing thresholds, conditions, and exceptions): a A current or former officer, director, trustee, or key employee? if "Yes, complete Schedule L, Part IV 28a A famiiy member of a current or former officer, director. trustee, or key empioyee? If ?Yes, i' complete Schedule L, Part lV 3gb An entity of which a current or former officer, director, trustee, or key employee {or a family member thereof) was an officer, director, trustee, or direct or indirect owner? if ?Yes, complete Schedule L, Part ll! 28c 29 Did the organization receive more than $25,000 in non?cash contributions? if ?Yes, complete Schedule 29 30 Did the organization receive contributions of art, historicai treasures, or other similar assets, or quali?ed conservation Con?ilibutions? 1" "Yes, Compiefe SChedUle .. 30 31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes. compiete Schedule N. Peril .. 31 32 Did the organization sail, exchange, dispose of, or transfer more than 25% of its net assets?? "Yes. compiete Schedule N. Part ll .. 32 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301-77012 and 303 .77'01-3? If "Yes. compiete Schedule H. Pal?! .. 33 34 Was the organization related to any tax-exempt or taxabie entity? if ?Yes, complete Schedule Fl, Part II, or W, and Part V, line 1 34 35a Did the organization have a conirolied entity within the meaning of section 512(b)(13)? 35a It "Yes" to line 35a, did the organization receive any payment from or engage in any transaction with a controiled entity within the meaning of section 5t2fb)(13)? If ?Yes, complete Schedule R, Part V, line 2 35b 36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non~charitablo related organization? If "Yes. complete Schedufe B. Part V. line 2 .. 36 37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federai income tax purposes? if ?Yes, complete Schedule Ft, Part Vi 37 38 Did the organization cemplete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 1 1b and 19? Note. Ati Form 990 filers are required to compiete Schedule 0 .. 38 Form 990 (2014} 432904 t1-O?-t4 Privacy Reduction Form 990 2014 CAROLINA RISING . INC . - Statements Regarding Other Filings and Tax Compliance Check it Schedule 0 contains a response or note to any line in this Part Yes No to Enter the number reported in Box 3 of Form 1096. Enter if not appiicabie ta 1 0 Enter the number of Forms W-ZG included in line ta. Enter if not applicabie 1b 0 0 Did the organization compiy with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? .. to 2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return 2a 0 it at least one is reported on line 2a, did the organization fiie all required federal employment tax returns? Note. if the sum of lines 13 and 2a is greater than 250, you may be required to e-fiie (see instructions) 33 Did the organization have unrelated business gross income of $3 ,000 or more during the year? 33 if "Yes," has it tiied a Form 9903? for this year? if ?No, to fine 3b, provide an explanation in Schedule 0 3b 43 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)? 4a if "Yes," enter the name of the foreign country: See instructions for requirements for Form 114, Report of Foreign Bank and Financial Accounts (FEAR). 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? 5a Did any taxabie party notify the organization that it was or is a party to a prohibited tax shelter transaction? on if "Yes," to tine 5a or so, did the organization file Form .. 56 on Does the organization have annuai gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductibie as charitable contributions? 63 if "Yes," did the organization include with every soiicitation an express statement that such contributions or gifts were not tax deductible? .. 6b 7 Grganizations that may receive deductible contributions under section 170(c). 3 Did the organization receive a payment is excess of $75 made partly as a contribution and partly for goods and services provided to tire payer? 7a it "Yes," did the organization notify the donor of the vaiue of the goods or services provided? ?b Bid the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .. ?is if "Yes," indicate the number of Forms 8282 tiled during the year I 7d i 3 Did the organization receive any funds, directiy or indirectly, to pay premiums on a personal benefit contract? 7e Did the organization, during the year, pay premiums, directly or indirectiy, on a personal bene?t contract? 7f 9 if the organization received a contribution of quaiified intellectual property, did the organization file Form 8899 as required? 79 if the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1h 8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? 8 9 Sponsoring organizations maintaining donor advised funds. 3 Did the sponsoring organization make any taxable distributions under section 4966? 93 to Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? 9b 10 Section 501(c)(7) organizations. Enter: a Initiation fees and capital contributions inciuded on Part line 12 10a Gross receipts, inctuded on Form 990, Part Vill, line 12, for public use of club 10b 11 Section 501(c)(12) organizations. Enter: 3 Gross income 39m members 0" ShaiehOiderS .. 113 Gross income from other sources (Do not not amounts due or paid to other sources against amounts due or received from them.) .. 12a Section 49471330!) non-exempt charitable trusts. is the organization filing Form 993 in of Form 1041 12a If "Yes," enter the amount of taxexempt interest received or accrued during the year .. 12b 13 Section 501(c)(29) quali?ed nonprofit health insurance issuers. a is the organization licensed to issue quaiitied health plans in more than one state? 133 Note. See the instructions for additional information the organization must report on Schedule 0. Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans .. 13b 6 Enter the amount 01? reserves hand .. 130 14a Did the organization receive any payments for indoor tanning services during the tax year? 14a if "Yes," has it a Form 720 to report these payments? if "No, provide an expianatr?on in Scheduie .. 14b form 990 (2014) 432005 Form 99:; (2014) Part VI Governance, Management, and Disclosure For each "Yes" response to lines 2 througi Privacy Reduction CAROLINA RISING. INC. to line 8a, 8b, or too below, describe the circumstances, processes, or changes in Schedule 0. See Check it Schedule Ocontgins a response or note to any line in this Vi .. . Section A. Governing Body and Management Yes No to Enter the number of voting members of the governing body at the end of the tax year 1a 3 ii there are material diiferences in voting rights among members of the governing body, or if the governing body deisgated broad authority to an executive committee or similar committee, explain in Schedule 0. Enter the number of voting members included in line is, above, who are independent 1b 2 2 Did any officer, director, trustee, or key employee have a family reiationship or a business relationship with any other officer, director. trustee, or key employee? .. 2 3 Did the organization delegate controi over management duties customariiy performed by or under the direct supervision of officers, directors, or trustees, or key empioyees to a management company or other person? 3 4 {Did the organization make any significant changes to its governing documents since the prior Form 998 was filed? 4 5 Did the organization become aware during the year of a signi?cant diversion of the organization?s assets? 5 6 Did the Organization have memhers 0" StOCkhold?rS?? .. 6 73 Did the organization have members, stockholders. or other persons who had the power to elect or appoint one or more members of the governing body? .. 7a to Are any governance decisions of the organization reserved to (or subject to approval by) members, stockhoiders, or persons other than the governing body? .. 7D 8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following: a The governing body? .. 8a Each committee with authority to act on behalf of the governing bur-1y? .. Bi: 9 is there any officer, director, trustee, or key empioyee listed in Part Vll, Section A, who cannot be reached at the organization?s address? if "Yes, provide the names and addresses in Schedule 0 .. 9 Section B. Policies {This Section requests information about policies not required by the internal Revenue Code.) Yes No We Did the organization have iocai chapters, branches, or af?liates? 10a it "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization?s exempt purposes? 10b 11a Has the organization provided a ccmolete copy of this Form 990 to ali members of its governing body before filing the form? mm Describe in Schedule (I) the process, it any, used by the organization to review this Form 990. 12a Did the organization have a written conflict of interest policy? if "No, go to fine 73 122: Were officers, directors, or trustees, and key empioyees required to disciose annually interests that could give rise to conflicts? 12%) Did the organization reguiariy and consistentiy monitor and enforce oompiiance With the policy? If "Yes, describe in Scheduie 0 how this was done .. 12c 13 Did the organization have a written whistlehiower policy? 13 14 Did the organization have a written document retention and destruction policy? 14 15 Did the process for determining compensation of the following persons inciude a review and approvai by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? a The Olgamza?on?s 050, Executive Direc?io? 01? mi} management Of?Cial .. 153 Other officers or key employees of the organization .. 15b it "Yes" to line 15a or 15b, describe the process in Schedule 0 (see instructions). 163 Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxabie entity during the year? .. 16a if "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under appiicable federal tax law, and take steps to safeguard the organization?s stgtus with respect to such mnqements? .. .. . 16b Section C. Disciosure 17 List the states with which a copy of this Form 990 is required to be filed DNC 18 Section 6104 requires an organization to make its Forms 1023 {or1024 if applicable), 990, and 990-?? (Section 501(c)(3)s oniy) availabie for public inspection. Indicate how you made those available. Check all that apply. Own website Another?s website Upon request Other {explain in Schedule 0) 19 Describe in Schedule 0 whether {and if so, how) the organization made its governing documents, conflict of interest poticy, and financial statements available to the pubiic during the tax year. 20 State the name, address, and telephone number of the person who possesses the organization's books and records: HEROUX COMPANY, LLP (C . THOMAS TURNER CPA) - (919) 788?9570 4 70 FALLS OF NEUSE ROAD SUITE 11 0 RALEIGH NC 2 7 6 0 9 432906 nor-14 Form 990 Privacy Reduction Form 990 2014 CAROLINA RISING INC . Page 7 ?Part VII Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated? Employees, and independent Contractors Check if Schedule 0 contains a response or note to any line in this Part Vii .. 1:3 Section A. Officers, Directors, Trustees, Key Employees. and Highest Compensated Emptoyees ta Complete this table for ail persons required to be listed. Report compensation for the calendar year ending with or within the organization?s tax year. 0 List ail of the organization's current of?cers, directors, trustees (whether individuals or organizations), regardless of amount of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid, List all of the organization?s current key employees, if any. See for de?nition of ?key employee." 0 List the organization's five current highest comoensated employees (other than an officer, director, trustee, or key empioyee) who received report- able compensation (Box 5 of Form and/or Box 7 of Form 1099-Ml80) of more than $100,000 from the organization and any related organizations. List all of the organization?s former officers, key empioyees, and highest compensated empioyees who received more than $100,000 of reportable compensation from the organization and any related organizations. 1,25: an of the organization?s former directors or trustees that received, in the capacity as a former director or trustee of the organization. more than $10,000 of reportable compensation from the organization and any related organizations. List persons in the following order: individual trustees or directors; institutionai trustees; officers; key employees; highest compensated employees; and former such persons. [El Check this box if neither the organization nor any rotated organization compensated any current officer, director, or trustee(F) Name and Titie Average not afg?'gg?tm one Reportable Recortaole Estimated - hours per box, unless person is both an compensation compensation amount of week m? and a di'm?mmsm) from from related other (list any 3 the organizations compensation hours for 3 organization DQQ-MISC) from the related a 43 2 organization organizations ii 3? and rotated below ?g organiaations line) as (1) DALLAS H. WOODHOUSE 35 . 0 0 PRES IDENT, TREASURER 0 . 0 . 0 . DUANE L. ISCHER 1 . 00 DIRECTOR 0 . 0 . 0 . (3) TODD T. BROZELL 1 . 00 DIRECTOR 0 . 0 . 0 . 43200? 31-07-14 Form 990 (2014) Form 990 (2014) CAROLINA RI ING [Part Section A. Officers, Directors, Trustees, Key Employees. and Highest Compensated Employees (c INC . Privacy Reduction Page 3 (A) (B) (C) (D) (E) (F) Name and title AVerage we not g?g?gtm one Reportable Reportable Estimated hows Per box, entess person is both an compensation compensation amount of week of?cer and a directorltrustee) from from {aimed other (15$t any ?3 the organizations compensation hams for 3 organization from the white? (W-211099-MISC) organization organizations ,3 if, g? and related b?i?w a organizations "mi 2 E: 5% Sub-total .. 0 . 0 . 0 . Totai from continuation sheets to Part VII, Section Totai (add lines and 1cTotat number of individuals (including but not limited to those iisted above) who received more than $100,000 of reportable compensation from the organization 0 Yes No 3 Did the organization iist any iormer officer, director, or trustee, key employee, or highest compensated empioyee on line ta? If "Yes. compfete Scheduie for such individuai .. 3 4 For any individual listed on Sine 1a, is the sum of reportabte compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes, complete Schedule for such individual 4 5 Did any person iisted on line 1a receive or accrue compensation from any unteiated organization or individuai for services rendered to the organgation? if "Yes, compiete Schedule for such person .. 5 Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization?s tax year. (A) (B) (0) Name and business address Description of services Compensation CROSSROADS MEDIA LLC 6 6 CANAL CENTER PLAZA, SUITE 555, ALEXANDRIA, VA 23314 TV CABLE AD 4,654,645. 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the oroaiization 1 Form 990 (2014) 432008 11-9?-14 Privacy Reduction Form 990(2014) CAROLINA RISING, INC. 69 1 Part I Statement of Revenue Check if Scheduie 0 contains a response or note to any line in this Part .. . - . - (A) (B) (C) (D) Total revenue Related or. Unrelated exempt function business swim? I revenue revenue 512 - 534 ?42 1 a Federated campaigns 13 I i g8 Membership dues .. Fundraisino events .. 1c ?g Reiated organizations 1d gg Government grants (contributions) 1e .32: i All other contributions, gifts, grants, and similar amounts not included above 11Noncash contributions included in ?nes 1a?1f:$ I 4 I 8 5 Totgj. Add iines?la-if .. . 880 . GQO. Business Code I I 2 a i E: All other program service revenue Total. Add lines 232? .. 3 Investment income (inciuding dividends, interest, and other similar amounts) .. 1 - 1 4 Income from investment of tax-exempt bond proceeds 5 Royalties .. Real (ii) Personal 6 a Gross rents .. Less: tental expenses Rentai income or (loss) Net rental income or (loss) .. 7 a Gross amount from sales of (6 Securities (ii) Other assets other than inventory Less: cost or other basis and sales expenses Gain (1038) .. Net gain or (loss) .. 4, 8 3 Gross income from fundraising events (not including 53 of g; contributions {sported on line 1c). See a Part EV. line 18 a 5 Less: direct expenses .. . . . Netincome or (loss) from fundraismg events .. 9 3 Gross income from gaming activities. See Part IV. line 19 .. a Less: direct expenses Net income or (loss) from gaming activities .. 10 a Gross sales of inventory. less returns and allowances .. a Less: cost of goods sold Net income or{ioss) from sites of inventory .. Miscellaneous Revenue Business Code 11 a other l?avenue .. - Total-Add lines ital-13d .. 7?5 12 Eotmzmi revenue. See instructionsForm 990 (2914) Form 990 (2014) CAROLINA RISING Part Statement of Functional Expenses INC . Privacy Reduction Section 501(c)(3) and 501(c)(4) organizations must complete all columns. Ail other organizations must comptete column (A). Check it Scheduie 0 contains a response or note to any line in this Part not mamas amaunts reported on ?nes Gb' Total ??genses Prograsggerv?oe Manag?gent and Fun?Paiising 7'5: 3'5: and 10b 9? Vi?- expenses general expenses expenses 1 Grants and other assistance to domestic organizations I and domestic governments. See Part IV, tine 21 2 Grants and other assistance to domestic individuals. See Part EV, line 22 3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part 1V, tines 15 and 16 4 Benefits paid to or for members 5 Compensation of current officers, directors, trustees, and key .. 6 Compensation not incinded aims, to disquali?ed persons (as defined under section s958(f)(1))end persons described in section 4958(o)(3)(8) 7 Other saiaries and Wages .. 8 Pension oian accruals and contributions (inctode section 401(k) and 403{b) empioyer contributions) 9 Other emptoyee bene?ts .. 10 Payroll taxes .. 11 Fees for services a Management .. 72.000. 72,000. Legal .. 17.505. 17.505- Accounting .. 2.923- 2.923- Lobbying .. Professional fundraising services. See Part iv, line 1? investment management fees 9 Other. (ti line 119 amount exceeds 10% ot tine 25, 4, 666,314. 4,666,076. 238. 12 Advertising one promotion Office expen$information technology 34, 577. 17 414. 17 153 . 15 ROYaliies ., 16 Occupancy .. 5.084. 5.084- 17 Travel .. 4 - 4 - 18 Payments of travel or entertainment expenses for any federal, state, or local pubiic officiais 19 Conferences, conventions, and meetings 20 l?tere'? .. 21 Payments to affiliates .. 22 Depreciation, depietion, and amortization 23 Insurance .. 24 Other expenses. ltemize exoenses not covered above. (tist miscelianeous expenses in line 24s. It line 24a amount exceeds 10% of line 25, cotomn (A) amoont, iist time 243 expenses on Schedule 0.) .. a Ail other expenses 25 Totaifunctiona! expenses. Add lines 1 through 243 Joint costs. Comolete this line only it the organization reported in column (B) joint costs from a combined educationai campaign and fondtaising solicitation. Check here if foliowing SOP 98-2 (A80 953-720) 432010 nor-14 Form 990 (2014) Privacy Reduction Form 990 (2am) CAROLINA RI ING INC . I Part Balance Sheet Check it Schedule 0 contains a response or note to any line in this Part .. El (A) (B) Beginning of year End of year 1 Cash - non-interest-bearing .. Savings and temporary cash investments .. 2 3 Pledges alld grams receivable, Rat .. 3 4 ACCOUMS receivablE. {let .. 4 5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated empioyees. Complete 7 . Part ll 03? Schedule .. 5 6 Loans and other receivables from other disquatified persons (as defined under section 4958mm), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary :3 employees? bene?ciary organizations (see instr). Complete Part ll of L. 6 7 Notes and teams receivable. set .. 7 8 inventories fer sale 0? use .. 8 9 Prepaid expenses and deferred Chart-398 .. 9 10a Land. buildings, and equipment: cost or other basis. Complete Part Vi of Schedule 103 In Less: accumulated depreciation 10b 100 ?l 1 Investments publicly traded securities .. 11 12 Investments - other securities. See Part EV, line 11 12 13 Investments - program-reiated. See Part 1V, line 11 13 14 l?ta?gible 333615 .. 14 15 Other assets. See Part lV, line 11 .. 15 16 Total assets. Add tines1 through 15 (must equal line 34ACCGUMS payable and accrued expenses .. 17 18 Grants Payable .. 13 19 Deterred revenue .. 19 20 Tax-exempt band ilabilities .. 20 21 Escrow or custodial account liability. Compiete Part 3V of Scheduie 21 3 22 Loans and other payabtes to current and former of?cers, directors, trustees. key emptoyees, highest compensated employees, and disqualified persons. . . a Compiete Part of Schedule .. 22 23 Secured mortgages and notes payabie to unrerated third parties 23 24 Unsecured notes and teens payable to unrelated third parties 24 25 Other liabilities (inciuding federai income tax, payabtes to related third parties, and other liabilities not included on tines 17-24}. Complete Part of Schedule .. 25 26 Total Add lines 17 through Organizations that fotlow SFAS 117 (A80 958), check here i: and I comptete lines 27 through 29, and lines 33 and 34. 2? Unrestricted net assets .. 27 28 Temporarily restricted net .. 28 'g 29 Permanently restricte? ?61 assets .. 29 5 Organizations that do not foilow SFAS 117 (A80 958), check here El 3 and compiete lines 30 through 34. 13 30 Capital stock or trust principal, or current funds Paid-in or capital surplus, or land, building, or equipment fund Retained earnings, endowment, accumuiated income, or other funds ?rota: net assets or fund baiances .. Total liabitities and net assets/fund balances .. Form 990 {2014) 432011 11-0?-14 Form 990 {2014) CAROLINA RI SING I INC Prlvacy Redactlon 12 Part XI I Reconciliation of Net Assets Check if Schedule 0 contains a response or note to any line in this Part Xi .. 1 Total revenue (must equal Par! Vlii. column (A). line 12Total expenses (must aqua: Part IX. column (A). line 25Revenue less expenses. Subtract line 2 from line Net assets or fund balances at beginning of year {must equal Part X, line 33, column 4 0 . 5 Net unrealized gains (iOSSesi 0? investments .. 5 6 Donated services and use 03? faCi'ltieS .. 3 7 iWE?StmE?nt expenses .. 7 8 Prior period adlustments .. 8 9 Cheer changes in net assets or fund balances (expiain in Schedule 0) 9 0 . 10 Net assets or fund baiances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column .. Part Xiil Financial Statements and Reporting Check if Schedule {3 contains a response or note to any line in this Part XEI .. Yes No 1 Accounting method used to prepare the Form 990: Cash Accrual Other if the organization changed its method of accounting from a prior year or checked "Other," explain in Schedule 0. 23 Were the organization's financial statements compiled or reviewed by an independent accountant? 2a if "Yes," check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both: Ci Separate basis Consolidated basis Both consolidated and separate basis 2: Were the organization?s ?nancial statements audited by an independent accountant? 2b it "Yes," check a box beiow to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both: Separate basis Consolidated basis i: Both consoiidated and separate basis if "Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its ?nanciai statements and selection of an independent accountant? m2"; if the organization changed either its oversight process or selection process during the tax year, expiain in Schedule 0. 33 As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Singie Audit Act and OMB Circular .. 3a If "Yes," did the organization undergo the required audit or audits? if the organization did not undergo the required audit or audits, explain why in Schedute 03nd describe any steps taken to undergo such audits .. Form 990 (2014) ?teams 'i'i-07-14 PUBLIC DISCLOSURE COPY Schedule of Contributors Attach to Farm 990, Form 990-52, or Form 990-PF. information about Schedule (Form 990, or 990-PF) and its instructions is at . Schedule (Form 990, 990-EZ, or sewer) Department of the Treasury Internal Raven I38 Service OMB No. 16454004? 2014 Name of the organization CAROLINA RISING INC . Organization type(check one); Filers of: Section: Form 990 or QQO-EZ 501(c)( 4 (enter number} organization Ci 4947(a)(1) nonexempt charitable trust not treated as a private foundation [3 527 poiiticai organization Form 50tic)(3) exempt private foundation [3 4947(a)(1) nonexempt charitabto trust treated as a private foundation '3 501 taxable private foundation Privacy Reduction Check if your organization is covered by the General Ruie or a Speciai Rute. Note. Oniy a section 5m (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions. General Rule For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or property) from any one contributor. Compiete Parts and it. See instructions for determining a contributor?s total contributions. Speciai Rutes For an organization described in section 501 ?ling Form 990 or 99052 that met the 33 1/3% support test of the reputations under sections 509(a)(1) and 170(b)(1)(A)(v0, that checked Schedule A (Form 990 or 990452), Part El, tine 13. 163, or ten, and that received from any one contributor, during the year, totaE contributions of the greater of (1) $5,000 or (2) 2% of the amount on (9 Form 990, Part Vill. line 1h, or (in Form 990-E2, line 1. Complete Parts and it. I: Fer an organization described in section (8), or (10) ?iing Form 990 or BSD-E2 that received from any one contributor, during the year, total contributions of more than $1,000 exclusively for reiigious, charitable, scientific, literary, or educationai purposes. or for the prevention of cruelty to children or animate. Complete Parts i, Ii, and til. [3 For an organization described in section 501 (6X7), (8), or (10) filing Form 990 or QQO-EZ that received from any one contributor. during the year, contributions exclusivefy for reiigious, charitable, etc, purposes, but no such contributions totaied more than $1,000, if this box is checked, enter here the totat contributions that were received during the year for an exclusively reiigious, charitable, etc, purpose. Do not complete any of the parts uniess the Generai Rute applies to this organization because it received nonexclusiver religious, charitabte, etc, contributions totaling $5.000 or more during the year Caution. An organization that is not covered by the Genera: Rule and/or the Specie} ?utes does not ?le Schedule 8 (Form 990, 990-52, or 990%). but it must answer "No" on Part IV, line 2, of its Form 990; or check the box on line of its Form or on its Form Part i, line 2. to certify that it does not meet the filing requirements of Schoduie 8 (Form 990, 99022, or two-PF). LHA For Paperwork Reduction Act Notice, see the instructions for Form 990, 990sz, or 990-PF. Schedule (Form 990, 990-EZ. or QSO-PF) (2014) 423451 11-05-14 Schedule 8 {Form 99%, or Slim-PF) (2914) Name of organization CAROLINA RISING. INC. Page 2 Employer identification number Part i (bi Contributors (see instructions). Use dupiicate copies of Part I if additional space is needed. ?Privacy Reduction No. Name, address, and ZIP 4 Total contributions Type of contribution 1 lb} {8 4,820,000. Person IE Payroli Noncash I: (Complete Part II for noncash contributions.) No. Name, adci?ess, and 4 (C) Total contributions Type of contribution No. 60,000. Person Payroll Noncash [j (Compiete Part ii for noncash contributions.) Name, address, and ZIP 4 (6) Total contributions ?type of contribution Person Cl Payroll Noncash [3 (Complete Part II for noncash contributions.) Name, address, and ZIP 4 (cl Total contributions (6) Type of contribution Person El Payroll Nonoash (Complete Part II for noncaeh contributions.) No. Name, address, and 4 Total contributions Type of contribution Person Payroll Noncash (Complete Part El for noncash contributions.) No. Name, address, and ZEP 4 (ct Total contributions 423452 1 $95-14 Type of contribution Person CI Payroli Noncash (Complete Part for noncash contributions.) Schedule 8 (Form 990, 990-132, or QED-PF) (2814) Schedule (Form 990. 990-52, or QQO-PF) (2014) Name of organization CAROLINA RISING. INC. Page 3 Employer identification number Part Noncash Property (see instructiens). Use duplicate copies of Part ii if additional space is needed. Privacy Reduction No- from Description of noncash property given FMV (or eS?mate) Date received Part 1 (see instructions) No. FMV (or estimate) rom Description of noncash property given (see ins?mc?ms) Date received Part i No. fr FMV {or estimate) (6) 5m of noncash property gwen (see instructions) Date received Part i . froth Description of antigen property given mm (or eS?mate) Date gnaw/ed Part I (see instructions) No. fr . MV (or estimate) 0m Description of noncash property given (see instuc??ms) Date received Part I No. . FMV from Description of noncash property given (see Date received Part I 423453 31-05-14 Schedule {Form 996. 990-82. or 990-PF) (2814} Schedule 8 (Form 990, QQO-EZ, or QQO-PF) (2914) Page 4 Name of erganization Employer identification number Privac Reduction CAROLINA RISING. INC. Part in Exclusively retigions, charitabfe, eta, contributions to organizations described in section 501(c)(7), (8), or (to -.., .. the year from any one contributor. Compiete columns through and the following line entry. For organizations completing Part in, enter the totai of exciusively rotlgious, charitsbte, eta. contributions of $1,000 or tees fer the year. (Enteritis infer ante.) Use duplicate copies of Part Iil if additional space is needeti. No. graft?! (is) Purpose of gift Use of gift (6) Description of how gift is held Transier of gift Transferee?s name, address, and ZIP 4 Relationship of tansferor to transferee No. graft?: (in) Purpose of gift Use of gift (at) Description of how gift is heid Transfer of gift Transferee?s name, address, and ZIP 4 Relationship of to transferee No. ?03: Purpose of gift (0) Use of gift Description of how gift is held a Transfer of gift Transferee?s name, address, and ZIP 4 Relationship of transi?eror to transferee No. 33% Purpose of gift (to) Use of gift Description of how gift is held Transfer of gift Transferee's name, address, and Zip 4 Relationship of transferor to transferee 423454 1 14 Schedule (Form 990, 990-EZ, or 990-PF) (2014} OMB No. 1545-6047 SCHEDULE Transactions With Interested Persons (Form 996 or 990-52) Complete if the organization answered "Yes" on Form 990, Part IV, line 25a, 25b, 26, 283, 1 4 or 28c, or Form 990-E2. Part V, line 38a or 40b. Department urine Treasury . Aime" ?3 F?rm 993 or F?rm ?Open To Public Internet Revenue Service Information about Scheduie (Form 990 or 990-5!) and its instructions is at - In?ation Privacy Reduction Name of the organization CAROLINA RISING . INC . I Part 3 I Excess Benefit Transactions (section 501 section 503 and 501(c}(29) organizations oniy). Complete if the Organization answered "Yes" on Form 990, Part IV, line 253 or 25b, or Form Part V, line 40b. 1 . . . Relationship between disquali?ed Name of disquali?ed person person and organization Corrected? Yes No Description of transaction 2 Enter the amount of tax incurred by the organization managers or disquali?ed persons during the year under section 4958 .. 3 Enter the amount of tax. if any, on tine 2, above, reimbursed by the organization 1 Part it I Loans to and/or From Interested Persons. Complete if the organization answered "Yes" on Form QQO-EZ, Part V, line 38a or Form 990, Part IV, line 26; or if the organization an amount on Form 990 Part line 6 or 22. Name of Relationship Purpose id) Loan 1? Original Balance due (9) la beam or interested person with organization of loan mm the principal amount default? To From Written agreement? or if the answered "Yes" on Form 990 Part 1V line 27. Name of interested person Relationship between to) Amount of Type of Purpose of assistance assistance assistance interested person and the organization LHA For 33aperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule (Form 990 or 990-52) 2014 432131 10-06-14 Privacy Redaction SoheduieL(Form 990 or990~EZ) 2014 CAROLINA RISING. INC. Part EV Business Transactions Envoiving Interested Persons. Complete if the organization answered ?Yes? on Form 990, Part IV, line 28a, 2833, or 28s. Name of interested person Reiationship between interested Amount of Description of person and the organization transaction transaction avenues? Yes No DALLAS . WOODHOUSE DALLAS . WOODHOUSE 72 0 GO . CAROLINA RI lPartV I Supplementai Information Provide additional information for responses to questions on Schedule (see instructions). SCH PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: DALLAS H. WOODHOUSE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DALLAS H. WOODHOUSE IS THE SOLE OWNER OF SOLUTIONS NC, INC. (D) DESCRIPTION OF TRANSACTION: CAROLINA RISING, INC. PAID SOLUTIONS NC, INC. FOR MANAGEMENT SERVICES. Schedule (Form 990 or 990-82) 2014 432132 10-06-14 OMB No. 1545-0047 SCHEDULE 0 Supplemental Information to Form 990 or 990-EZ (Form 990 or 990-EZ) Complete to provide information for responses to specific questions on Form 990 or 990-E2 or to provide any additional information. wwars. ovlfd Privacy Reduction Name of the organization Privacy Reduction CAROLINA RISING. INC. Departmenz of the Treasury Internai Revenue Service FORM 990, PART VI, SECTION 3. LINE 11: A COPY OF THIS FORM 990 HAS BEEN PROVIDED TO ALL MEMBERS OF ITS GOVERNING BODY PRIOR TO FILING VIA EMAIL OR DIRECT MAIL. FORM 990. PART VI, SECTION B. LINE 12C: DIRECTORS ARE REMINDED AT BOARD MEETINGS TO REPORT ANY INCOME OR ACTIVITY THAT MAY BE CONSIDERED A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMETNS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR BY WRITTEN REQUEST TO: CAROLINA RISING, INC., 7474 CREEDMOOR ROAD. #175, RALEIGH, NC 27613. A NOMINAL FEE MAY BE CHARGED FOR COPYING AND MAILING. FORM 990, PART IX, LINE 11G, OTHER FEES: GENERAL COMMUNICATIONS SUPPORT: PROGRAM SERVICE EXPENSES 5,950. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,950. VIDEOGRAPHY AND PRODUCTION COSTS: PROGRAM SERVICE EXPENSES 4,461. MANAGEMENT AND GENERAL EXPENSES 9. FUNDRAISING EXPENSES 0. LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or Scheduie 0 (Form 990 or 990-EZ) (2014) 432211 08-2?-14