Montgomery Area Chamber Of Commerce Foundation Inc in Montgomery, Alabama (AL)
Table of contents:
| Montgomery Area Chamber Of Commerce Foundation Inc | |
| Employer Identification Number (EIN) | 630862043 |
| Name of Organization | Montgomery Area Chamber Of Commerce Foundation Inc |
| Address | PO BOX 79, Montgomery, AL 36101-0079 |
| Activities | Historical site, records or reenactment |
| Subsection | Educational Organization |
| Ruling Date | 02/1984 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $499,016 |
| Amount of Income | $113,802 |
| Form 990 Revenue Amount | $113,802 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Promotion of Business |
Non-representatives - add comments:
Amount of income in 2013: $113,802 (it was $72,186 in 2012)
| This organization: | $113,802 |
| Other organizations performing similar types of work: | $180,052 |
Assets in 2013: $499,016 (it was $468,077 in 2012)
| Montgomery Area Chamber Of Commerce Foundation Inc: | $499,016 |
| Other organizations performing similar types of work: | $162,128 |
Expenses in 2013: $82,863
| Montgomery Area Chamber Of Commerce Foundation Inc: | $82,863 |
| Other organizations performing similar types of work: | $157,385 |
Income to expenses ratio in 2013: 1.4
| Montgomery Area Chamber Of Commerce Foundation Inc: | 1.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 99.4%
| This organization: | 99.4% |
| Other organizations performing similar types of work: | 5.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $136,895 | $136,291 | $72,186 | $113,802 |
| Contributions, gifts, grants, and similar amounts received | $60,308 | $60,767 | $71,141 | $113,099 |
| Program service revenue including government fees and contracts | $74,400 | $74,400 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $2,187 | $1,531 | $1,045 | $703 |
| Gain/Loss from sale of assets other than inventory | $0 | $-407 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $183,612 | $166,929 | $66,061 | $82,863 |
| Total net assets | $492,590 | $461,952 | $468,077 | $499,016 |
| Excess/Deficit for the year | $-46,717 | $-30,638 | $6,125 | $30,939 |
| Net assets or fund balances at beginning of year | $539,307 | $492,590 | $461,952 | $468,077 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $468,077 | $499,016 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $492,590 | $461,952 | $468,077 | $499,016 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $492,590 | $461,952 | $468,077 | $499,016 |
| Other Information | ||||
| 2010 | 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $435,130 |
| Subtotal | $683,330 |
| Gifts, grants, contributions, and membership fees received | $460,130 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $223,200 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $248,200 |
| Amounts received from disqualified persons | $40,000 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $208,200 |
| Total support | $693,717 |
| Public support | $683,330 |
| Subtotal | $10,387 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $10,387 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Toy Industry Foundation | 1115 Broadway Ste 400, New York, NY 10010-3466 | NY | 1964-05 | $20,101,942 |
| 2 | Salesmanship Club Of Dallas | 106 East 10th Street Suite 200, Dallas, TX 75203-2236 | TX | 1932-09 | $11,816,023 |
| 3 | Salesmanship Club Youth And Family Centers Inc | 106 East 10th Street Suite 200, Dallas, TX 75203-2236 | TX | 1932-09 | $11,362,324 |
| 4 | Southeast Cement Association Inc, A Domestic Nonprofit Corporation | 175 Gwinnett Dr Ste 330, Lawrenceville, GA 30045-8461 | GA | 1988-08 | $5,306,742 |
| 5 | South Bronx Head Start Program Board | 490 E 143rd St, Bronx, NY 10454-1306 | NY | 1994-05 | $2,195,354 |
| 6 | The Houston Tscpa Foundation, Houston Cpe | 777 Post Oak Blvd, Houston, TX 77056-3204 | TX | 1978-08 | $2,061,653 |
| 7 | Salina Chamber Of Commerce | PO BOX 586, Salina, KS 67402-0586 | KS | 1942-07 | $1,903,085 |
| 8 | The Moles | 577 Chestnut Ridge Rd, Woodcliff Lake, NJ 07677-8409 | NJ | 1957-08 | $1,189,550 |
| 9 | Socrates Sculpture Park Inc, Broadway At Vernon Blvd | Broadway At Vernon Blvd, Long Island City, NY 11106 | NY | 1992-07 | $1,150,853 |
| 10 | University Of Maine Pulp And Paper Foundation | 5737 Jenness Hall, Orono, ME 04469-5737 | ME | 1954-06 | $1,122,351 |
| 11 | Mobile Area Chamber Of Commerce Foundation Inc | PO BOX 2187, Mobile, AL 36652-2187 | AL | 1978-10 | $1,115,076 |
| 12 | Washington County Chamber Of Commerce | 375 Southpointe Blvd Ste 240, Canonsburg, PA 15317-8587 | PA | 1942-10 | $982,263 |
| 13 | Twenty Four Karat Club Of The City Of New York | 6 East 45th Street, New York, NY 10017-2401 | NY | 1954-07 | $833,777 |
| 14 | Southwest Brooklyn Industrial Development Corporation | 241 41st St Ste 2, Brooklyn, NY 11232-2831 | NY | 1980-06 | $781,219 |
| 15 | Washington Hgts Business Improvement Dist Mgment Assoc Inc | 1456 St Nicholas Avenue 3rd Fl, New York, NY 10033-4034 | NY | 1993-10 | $742,892 |
| 16 | Western Association For College Admission Counseling | 2629 Foothill Blvd 124, La Crescenta, CA 91214-3511 | CA | 1986-07 | $738,025 |
| 17 | Baldwin County Home Builders Association | 916 Plantation Blvd, Fairhope, AL 36532-2952 | AL | 1979-10 | $440,277 |
| 18 | Greater Limestone County Chamber Of Commerce Inc | PO BOX 405, Athens, AL 35612-0405 | AL | 1977-01 | $203,596 |
| 19 | Montgomery Area Chamber Of Commerce Foundation Inc | PO BOX 79, Montgomery, AL 36101-0079 | AL | 1984-02 | $113,802 |
| 20 | Birmingham Regional Chamber Of Commerce Foundation | 505 20th St N Ste 200, Birmingham, AL 35203-4617 | AL | 1989-11 | $85,033 |
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