Shoals Area Chamber Foundation Inc in Florence, Alabama (AL)
Table of contents:
| Shoals Area Chamber Foundation Inc | |
| Employer Identification Number (EIN) | 631143838 |
| Name of Organization | Shoals Area Chamber Foundation Inc |
| In Care of Name | Stephen Holt |
| Address | PO BOX 1331, Florence, AL 35631-1331 |
| Activities | Described in section 509(a)(2) of the Code, Other inner city or community benefit activities |
| Subsection | Charitable Organization |
| Ruling Date | 10/1995 |
| 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 | 03/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $116,336 |
| Amount of Income | $107,145 |
| Form 990 Revenue Amount | $107,145 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $107,145 (it was $77,615 in 2013)
| This organization: | $107,145 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2014: $116,336 (it was $85,712 in 2013)
| Shoals Area Chamber Foundation Inc: | $116,336 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2014: $76,521
| Shoals Area Chamber Foundation Inc: | $76,521 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2014: 1.4
| Shoals Area Chamber Foundation Inc: | 1.4 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 9.3%
| This organization: | 9.3% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $96,566 | $77,615 | $107,145 |
| Contributions, gifts, grants, and similar amounts received | $8,850 | $3,450 | $10,000 |
| Program service revenue including government fees and contracts | $28,107 | $3,060 | $5,825 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $573 | $526 | $433 |
| 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 | $59,036 | $70,579 | $90,887 |
| Total expenses | $83,108 | $78,942 | $76,521 |
| Total net assets | $87,039 | $85,712 | $116,336 |
| Excess/Deficit for the year | $13,458 | $-1,327 | $30,624 |
| Net assets or fund balances at beginning of year | $73,581 | $87,039 | $85,712 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $85,712 | $116,336 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $87,039 | $85,712 | $116,336 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $87,039 | $85,712 | $116,336 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $748,334 |
| Subtotal Support | $748,334 |
| Gifts, grants, contributions, and membership fees received | $748,334 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $751,216 |
| Public Support | $748,334 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,882 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $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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