Gadsden Commercial Development Authority in Gadsden, Alabama (AL)
Table of contents:
| Gadsden Commercial Development Authority | |
| Employer Identification Number (EIN) | 200726578 |
| Name of Organization | Gadsden Commercial Development Authority |
| In Care of Name | Lesa Osborn |
| Address | PO BOX 8501, Gadsden, AL 35902-8501 |
| Subsection | Civic League |
| Ruling Date | 01/2005 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $6,614 |
| Amount of Income | $114,500 |
| Form 990 Revenue Amount | $114,500 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $114,500 (it was $100,238 in 2012)
| This organization: | $114,500 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $6,614 (it was $13,092 in 2012)
| This organization: | $6,614 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $120,891
| Gadsden Commercial Development Authority: | $120,891 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 0.0%
| Gadsden Commercial Development Authority: | 0.0% |
| Other organizations performing similar types of work: | 8.8% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $120,512 | $100,238 | $114,500 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $120,512 | $100,238 | $114,500 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $122,601 | $122,190 | $120,891 |
| Total net assets | $32,699 | $10,747 | $4,356 |
| Excess/Deficit for the year | $-2,089 | $-21,952 | $-6,391 |
| Net assets or fund balances at beginning of year | $34,788 | $32,699 | $10,747 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $10,747 | $4,356 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $35,077 | $13,092 | $6,614 |
| Total liabilities | $2,378 | $2,345 | $2,258 |
| Net assets or fund balances | $32,699 | $10,747 | $4,356 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| 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? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| 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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | South Alabama Regional Planning Commission | 651 Church St, Mobile, AL 36602-1603 | AL | 1999-11 | $17,329,776 |
| 3 | Tuscaloosa Tourism And Sports Commission Inc | PO BOX 3167, Tuscaloosa, AL 35403-3167 | AL | 2014-01 | $1,327,857 |
| 4 | Woodlawn Foundation Inc | Ste 430, Birmingham, AL 35243 | AL | 2011-05 | $1,230,752 |
| 5 | Downtown Huntsville Inc | PO BOX 471, Huntsville, AL 35804-0471 | AL | 2013-07 | $472,328 |
| 6 | C3 Of Northwest Alabama Inc | 4020 Us Highway 43, Guin, AL 35563-3435 | AL | 2012-12 | $390,983 |
| 7 | Tombigbee Resource Conservation And Development Council | 2501 7th Street Suite 300, Tuscaloosa, AL 35401-1801 | AL | 2013-07 | $305,222 |
| 8 | Decatur-Morgan County Entrepreneurial Center Inc | 1323 Stratford Rd Se, Decatur, AL 35601-6017 | AL | 2011-08 | $282,954 |
| 9 | The Village Of Spring Hill Inc | 4354-A Old Shell Road 145, Mobile, AL 36608-2011 | AL | 2006-09 | $130,707 |
| 10 | Shoals Area Chamber Foundation Inc | PO BOX 1331, Florence, AL 35631-1331 | AL | 1995-10 | $107,145 |
| 11 | The Alabama Center For Rural Enterprise And Community Deve Corp, Acre Cdc | PO BOX 160, Lowndesboro, AL 36752-0160 | AL | 2005-03 | $96,088 |
| 12 | Tualac General Assistance Corp Inc | 2121 Finley Blvd, Birmingham, AL 35234 | AL | 2002-01 | $87,659 |
| 13 | Coastal Resiliency Coalition Inc | Po Box 276, Gulf Shores, AL 36547 | AL | 2012-03 | $53,195 |
| 14 | Calhoun County Community Development Corporation | 1516 West 10th Street, Anniston, AL 36201 | AL | 2003-06 | $46,169 |
| 15 | North Randolph County Development Association | 2250 County Road 29, Wedowee, AL 36278 | AL | 2014-08 | $26,973 |
| 16 | Africatown Community Mobilization Project Inc | 269 N Broad St, Mobile, AL 36603-5800 | AL | 2014-05 | $20,111 |
| 17 | Marengo County Economic And Industrial Development Foundation | 2400 E Coats Ave, Linden, AL 36748 | AL | 2010-06 | $4,875 |
| 18 | The Industrial Development Board Of Hale County | PO BOX 27, Greensboro, AL 36744-0027 | AL | 2014-09 | $1,360 |
| 19 | Ca & J Economic Development Inc | 6108 Eric Lane, Montgomery, AL 36116 | AL | 2002-02 | $1 |
| 20 | 1 More | 613 Barkley Circle, Alabaster, AL 35007 | AL | 2012-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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