Bull City Fair Trade

Durham, NC
Tax-exempt since Oct. 1992
EIN: 56-1780517

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Thrift Shops (NTEE)

Donations to this organization are tax deductible.

Revenue

$255k (2023)

Expenses

$302k (2023)

Total Assets

$116k (2023)

Total Liabilities

$85.5k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$255,050

Expenses

$301,821

Net Income

-$46,771

Net Assets

$30,848

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$15,766	6.2%
Program Services	$0
Investment Income	$19	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$239,265	93.8%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$54,560	18.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$84,151	27.9%

Assets/Debt
Total Assets	$116,311
Total Liabilities	$85,463
Net Assets	$30,848

Compensation

Key Employees and Officers	Compensation	Related	Other
Amy Bourret (Executive Director)	$52,656	$0	$5,435
Leta Loyd (Treasurer)	$2,245	$0	$0
Tim Hultzman (Board Member)	$0	$0	$0
Emeline Smith (Board Member)	$0	$0	$0
Teddie Brown (Board Member)	$0	$0	$0
Mary Mathew (Board Member)	$0	$0	$0
Steve Booth (Board Member)	$0	$0	$0
Melissa Godwin (Board Member)	$0	$0	$0
Jan Williams (Secretary)	$0	$0	$0
Rebecca Kyle (Board Chair)	$0	$0	$0

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990

Filed on Sept. 25, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$275,587

Expenses

$295,043

Net Income

-$19,456

Net Assets

$77,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,451	4.5%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$263,136	95.5%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$66,369	22.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$76,947	26.1%

Assets/Debt
Total Assets	$164,941
Total Liabilities	$87,322
Net Assets	$77,619

Compensation

Key Employees and Officers	Compensation	Related	Other
Amy Bouret (Executive Director June Dec)	$30,917	$0	$3,807
Katie Westermann (Executive Director Jan June)	$25,843	$0	$2,839
Leta Loyd (Treasurer)	$3,480	$0	$0
Tim Hultzman (Board Member)	$0	$0	$0
Paula Januzzi Godfrey (Board Member)	$0	$0	$0
Mary Mathew (Board Member)	$0	$0	$0
Steve Booth (Board Member)	$0	$0	$0
Peter Hanna (Board Member)	$0	$0	$0
Melissa Godwin (Board Member)	$0	$0	$0
Jan Williams (Secretary)	$0	$0	$0
Rebecca Kyle (Board Chair)	$0	$0	$0

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990

Filed on Sept. 11, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$361,798

Expenses

$288,612

Net Income

$73,186

Net Assets

$97,075

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$76,570	21.2%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$285,228	78.8%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$62,755	21.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$71,810	24.9%

Assets/Debt
Total Assets	$221,901
Total Liabilities	$124,826
Net Assets	$97,075

Compensation

Key Employees and Officers	Compensation	Related	Other
Katie Westermann (Executive Director)	$51,618	$0	$5,351
Leta Loyd (Treasurer)	$5,785	$0	$0
Peter Hanna (Board Member)	$0	$0	$0
Paula Januzzi Godfrey (Board Member)	$0	$0	$0
Mary Mathew (Board Member)	$0	$0	$0
Steve Booth (Board Member)	$0	$0	$0
Melissa Godwin (Board Member)	$0	$0	$0
Rebecca Kyle (Board Chair)	$0	$0	$0
Jan Williams (Secretary)	$0	$0	$0

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990

Filed on Aug. 31, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$189,039

Expenses

$244,494

Net Income

-$55,455

Net Assets

$23,889

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$21,117	11.2%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$167,922	88.8%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$58,999	24.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$57,359	23.5%

Assets/Debt
Total Assets	$155,578
Total Liabilities	$131,689
Net Assets	$23,889

Compensation

Key Employees and Officers	Compensation	Related	Other
Katie Westermann (Executive Director)	$48,965	$0	$6,545
Leta Loyd (Treasurer)	$3,487	$0	$0
Peter Hanna (Board Member)	$0	$0	$0
Paula Januzzi Godfrey (Board Member)	$0	$0	$0
Mary Mathew (Board Member)	$0	$0	$0
Steve Booth (Board Member)	$0	$0	$0
Melissa Godwin (Board Member)	$0	$0	$0
Becky Kyle (Board Chair)	$0	$0	$0
Jan Williams (Secretary)	$0	$0	$0

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990

Filed on July 20, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$266,214

Expenses

$258,463

Net Income

$7,751

Net Assets

$79,344

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$23,000	8.6%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$243,134	91.3%
Other Revenue	$80	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$55,225	21.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,279	25.3%

Assets/Debt
Total Assets	$135,439
Total Liabilities	$56,095
Net Assets	$79,344

Compensation

Key Employees and Officers	Compensation	Related	Other
Katie Westermann (Executive Director)	$44,813	$0	$6,224
Leta Loyd (Treasurer)	$3,293	$0	$0
Steve Booth (Board Member)	$0	$0	$0
Mary Matthew (Board Member)	$0	$0	$0
Melissa Godwin (Board Member)	$0	$0	$0
Emeline Smith (Board Member)	$0	$0	$0
Peter Hanna (Board Member)	$0	$0	$0
Rebeca Olmedo (Board Member)	$0	$0	$0
Timothy Taylor (Board Member)	$0	$0	$0
Jan Williams (Secretary)	$0	$0	$0
Paula Januzzi Godfrey (Board Chair To June 19)	$0	$0	$0
Becky Kyle (Board Chair July Dec 19)	$0	$0	$0

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990

Filed on July 14, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$250,640

Expenses

$246,161

Net Income

$4,479

Net Assets

$71,593

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$18,539	7.4%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$229,240	91.5%
Other Revenue	$2,861	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,918	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$103,075	41.9%

Assets/Debt
Total Assets	$116,506
Total Liabilities	$44,913
Net Assets	$71,593

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$241,394

Expenses

$228,663

Net Income

$12,731

Net Assets

$67,114

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,830	10.7%
Program Services	$0
Investment Income	$4	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$1,382
Sales of Assets	$0
Net Inventory Sales	$216,942	89.9%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$47,277	20.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$55,395	24.2%

Assets/Debt
Total Assets	$115,636
Total Liabilities	$48,522
Net Assets	$67,114

Compensation

Key Employees and Officers	Compensation	Related	Other
Katie Westermann (Executive Director)	$42,400	$0	$2,657
Leta Loyd (Treasurer)	$2,220	$0	$0
Steve Booth (Board Member)	$0	$0	$0
Paula Januzzi Godfrey (Board Chair)	$0	$0	$0
Jan Williams (Asst Secretary)	$0	$0	$0
Rebeca Olmedo (Board Member)	$0	$0	$0
Barbara Baron (Secretary)	$0	$0	$0
Emeline Smith (Board Member)	$0	$0	$0
Becky Kyle (Board Member)	$0	$0	$0
Jason Flack (Board Member)	$0	$0	$0

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990

Filed on Aug. 22, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$195,187

Expenses

$209,665

Net Income

-$14,478

Net Assets

$54,383

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,042	4.1%
Program Services	$0
Investment Income	$4	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$712	0.4%
Sales of Assets	$18	0.0%
Net Inventory Sales	$186,411	95.5%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$55,480	26.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$39,502	18.8%

Assets/Debt
Total Assets	$94,379
Total Liabilities	$39,996
Net Assets	$54,383

Compensation

Key Employees and Officers	Compensation	Related	Other
Katie Westermann (Executive Director 41 To 12)	$39,932	$0	$799
April Ravelli (Executive Director To 331)	$11,344	$0	$232
Leta Loyd (Treasurer)	$3,165	$0	$0
Hannelore Rogers (Board Member)	$0	$0	$0
Steve Booth (Board Member)	$0	$0	$0
Gloria Aghogah (Vice Chair)	$0	$0	$0
Alice Sharpe (Board Member)	$0	$0	$0
Melissa Winter (Board Chair May To Aug)	$0	$0	$0
Paula Januzzi Godfrey (Secretary To Sep Board Chair)	$0	$0	$0
Debra Hawkins (Board Member)	$0	$0	$0
Christine Laucher (Board Chair Jan Apr)	$0	$0	$0
Jan Williams (Board Member Asst Sec Sep Dec)	$0	$0	$0
Rebeca Olmedo (Board Member)	$0	$0	$0
Barbara Baron (Secretary Sep Dec)	$0	$0	$0

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990

Filed on Oct. 12, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$215,434

Expenses

$219,633

Net Income

-$4,199

Net Assets

$68,861

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,614	2.1%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$210,820	97.9%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$43,735	19.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$57,813	26.3%

Assets/Debt
Total Assets	$140,799
Total Liabilities	$71,938
Net Assets	$68,861

Compensation

Key Employees and Officers	Compensation	Related	Other
April Ravelli (Executive Director)	$42,194	$0	$861
Leta Loyd (Treasurer)	$1,078	$0	$0
Hannelore Rogers (Board Member)	$0	$0	$0
Steve Booth (Board Member)	$0	$0	$0
Gloria Aghogah (Board Member)	$0	$0	$0
Alice Sharpe (Board Member)	$0	$0	$0
Christine Laucher (Board Chair)	$0	$0	$0
Melissa Winter (Board Member)	$0	$0	$0
Paula Januzzi Godfrey (Board Member)	$0	$0	$0
Debra Hawkins (Board Member)	$0	$0	$0

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990

Filed on July 28, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$208,903

Expenses

$205,465

Net Income

$3,438

Net Assets

$73,060

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,200	3.9%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$200,703	96.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$50,385	24.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,503	20.7%

Assets/Debt
Total Assets	$107,602
Total Liabilities	$34,542
Net Assets	$73,060

Compensation

Key Employees and Officers	Compensation	Related	Other
April Ravelli (Executive Director)	$45,018	$0	$916
Leta Loyd (Treasurer)	$2,628	$0	$0
Hannelore Rogers (Board Member)	$0	$0	$0
Bruce Pitner (Board Chair)	$0	$0	$0
Steve Booth (Board Member)	$0	$0	$0
Bonnie Flynn (Board Member)	$0	$0	$0
Gloria Aghogah (Board Member)	$0	$0	$0
Alice Sharpe (Board Member)	$0	$0	$0
Christine Laucher (Board Member)	$0	$0	$0
Melissa Winter (Board Member)	$0	$0	$0
Paula Januzzi Godfrey (Board Member)	$0	$0	$0
Debra Hawkins (Board Member)	$0	$0	$0

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990

Filed on Sept. 22, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$196,469

Expenses

$194,879

Net Income

$1,590

Net Assets

$69,622

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$7,264	3.7%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$189,205	96.3%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$47,770	24.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$33,408	17.1%

Assets/Debt
Total Assets	$110,047
Total Liabilities	$40,425
Net Assets	$69,622

Compensation

Key Employees and Officers	Compensation	Related	Other
April Ravelli (Executive Director)	$39,728	$0	$3,600
Leta Loyd (Treasurer)	$2,732	$0	$0
Hannelore Rogers (Board Member)	$0	$0	$0
Tiffney Marley (Board Member)	$0	$0	$0
Benjamin Reese Jr (Board Member)	$0	$0	$0
Rene Ellis (Board Member)	$0	$0	$0
Bruce Pitner (Board Chair)	$0	$0	$0
Ivy Blackmore (Secretary)	$0	$0	$0
Steve Booth (Board Member)	$0	$0	$0
Bonnie Flynn (Vice Chair)	$0	$0	$0
Gloria Aghohah (Board Member)	$0	$0	$0
Alice Sharpe (Board Member)	$0	$0	$0

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990

Filed on July 17, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$176,619

Expenses

$191,622

Net Income

-$15,003

Net Assets

$68,032

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,179	3.5%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$30
Net Inventory Sales	$170,470	96.5%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$51,018	26.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$35,772	18.7%

Assets/Debt
Total Assets	$103,360
Total Liabilities	$35,328
Net Assets	$68,032

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$177,968

Expenses

$186,120

Net Income

-$8,152

Net Assets

$83,035

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,705	2.6%
Program Services	$0
Investment Income	$5	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$7
Net Inventory Sales	$173,265	97.4%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$45,220	24.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$33,718	18.1%

Assets/Debt
Total Assets	$114,433
Total Liabilities	$31,398
Net Assets	$83,035

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Bull City Fair Trade

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $255k (2023)

Expenses $302k (2023)

Total Assets $116k (2023)

Total Liabilities $85.5k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Revenue

$255k (2023)

Expenses

$302k (2023)

Total Assets

$116k (2023)

Total Liabilities

$85.5k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001