Microcredit Loan Fund Inc in Corte Madera, California (CA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Microcredit Loan Fund Inc | |
| Employer Identification Number (EIN) | 911873074 |
| Name of Organization | Microcredit Loan Fund Inc |
| In Care of Name | Melvin J Carriere |
| Address | 149 Yolo St, Corte Madera, CA 94925-1837 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $161,218 |
| Amount of Income | $2,296 |
| Form 990 Revenue Amount | $822 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2011: $2,296 (it was $822 in 2010)
| This organization: | $2,296 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2011: $161,218 (it was $209,224 in 2010)
| Microcredit Loan Fund Inc: | $161,218 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2011: $40,174
| Microcredit Loan Fund Inc: | $40,174 |
| Other organizations performing similar types of work: | $118,087 |
Income to expenses ratio in 2011: 0.1
| This organization: | 0.1 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 87.4% |
Revenue for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,296 | $2,296 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $8 | |||
| Dividends and interest from securities | $20 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,268 | |||
| Total expenses and disbursements | $40,174 | $40,174 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $40,174 | $40,174 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-37,878 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $161,218 | $161,218 |
| Cash - non-interest-bearing | $9,888 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $151,330 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $161,218 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ventura County Community Development Corporation | 2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813 | CA | 2003-05 | $5,683,551 |
| 2 | Santa Ana Empowerment Corporation | 20 Civic Center Plz Ste M-25, Santa Ana, CA 92701-4058 | CA | 2001-02 | $2,780,246 |
| 3 | Westchester Streetscape Improvement Association Inc | 7389 Henefer Avenue, Westchester, CA 90045 | CA | 2003-10 | $2,030,566 |
| 4 | Southeastern Economic Development Corporation | 404 Euclid Ave Ste 221, San Diego, CA 92114-2206 | CA | 1982-04 | $1,854,590 |
| 5 | Sustainable Economic Enterprises Of Los Angeles, Hollywood Farmers Market | 6255 W Sunset Blvd Ste 714, Los Angeles, CA 90028-7408 | CA | 1997-09 | $1,699,433 |
| 6 | Pacific West Certified Development Corporation | 30376 Esperanza Ste 200, Rancho Santa Margarita, CA 92688 | CA | 2011-05 | $1,254,587 |
| 7 | Sfmade | 926 Howard St, San Francisco, CA 94103-4109 | CA | 2010-10 | $1,044,097 |
| 8 | Pace Finance Corporation | 1055 Wilshire Blvd, Los Angeles, CA 90017-2431 | CA | 2013-07 | $847,446 |
| 9 | Orange County Shared Spaces Foundation | 4041 Macarthur Blvd Ste 510, Newport Beach, CA 92660-2503 | CA | 2008-10 | $673,978 |
| 10 | Yuba Sutter Economic Development Corporation | 950 Tharp Rd Ste 1303, Yuba City, CA 95993-8351 | CA | 1995-04 | $509,769 |
| 11 | Telacu Community Capital | 5400 E Olympic Blvd Ste 300, Commerce, CA 90022-5187 | CA | 2000-09 | $481,738 |
| 12 | Roseville Community Development Corporation Inc | 311 Vernon Street, Roseville, CA 95678-2649 | CA | 2012-05 | $415,041 |
| 13 | Top Of Broadway Community Benefit District Inc | 250 Columbus Ave Ste 207, San Francisco, CA 94133-4536 | CA | 2014-07 | $305,658 |
| 14 | Up Urban Inc | 315 Linden Street, San Francisco, CA 94102 | CA | 2014-11 | $208,867 |
| 15 | Downtown Fresno Arts Culture Entertainment And Sports | 845 Fulton Mall, Fresno, CA 93721 | CA | 2010-04 | $181,525 |
| 16 | Los Angeles Urban Renewal Network Inc | 251 Autumn Drive Ste 100, San Marcos, CA 92069 | CA | 2010-06 | $171,480 |
| 17 | Downtown Association Of Richmond Ca Usa, Etc Richmond Inc | 3095 Richmond Parkway Suite 210, Richmond, CA 94806 | CA | 2002-01 | $138,875 |
| 18 | Scott Valley Focus Inc | PO BOX 981, Fort Jones, CA 96032-0981 | CA | 2001-12 | $137,634 |
| 19 | Bethel La Community Development Corporation | 7911 S Western Ave, Los Angeles, CA 90047 | CA | 2008-03 | $117,172 |
| 20 | Centro Community Partners | 825 Washington Street, Oakland, CA 94607-4078 | CA | 2013-01 | $100,411 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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