Arizona Microcredit Initiative in Tempe, Arizona (AZ)
Table of contents:
| Arizona Microcredit Initiative | |
| Employer Identification Number (EIN) | 453280288 |
| Name of Organization | Arizona Microcredit Initiative |
| In Care of Name | Austin Farr |
| Address | Po Box 25866, Tempe, AZ 85285 |
| Website | http://www.azmicrocredit.org |
| Subsection | Charitable Organization |
| Ruling Date | 01/2012 |
| 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 | 2014 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $54,477 |
| Amount of Income | $52,469 |
| Form 990 Revenue Amount | $52,469 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs |
Non-representatives - add comments:
Amount of income in 2014: $52,469 (it was $52,469 in 2013)
| This organization: | $52,469 |
| Other organizations performing similar types of work: | $127,010 |
Assets in 2014: $54,477 (it was $54,477 in 2013)
| This organization: | $54,477 |
| Other organizations performing similar types of work: | $83,317 |
Expenses in 2013: $7,207
| Arizona Microcredit Initiative: | $7,207 |
| Other organizations performing similar types of work: | $154,560 |
Income to expenses ratio in 2013: 7.3
| Arizona Microcredit Initiative: | 7.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 96.2%
| Arizona Microcredit Initiative: | 96.2% |
| Other organizations performing similar types of work: | 40.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $52,469 |
| Contributions, gifts, grants, and similar amounts received | $50,469 |
| Program service revenue including government fees and contracts | $961 |
| Membership dues and assessments | $0 |
| Investment income | $10 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $1,029 |
| Total expenses | $7,207 |
| Total net assets | $54,477 |
| Excess/Deficit for the year | $45,262 |
| Net assets or fund balances at beginning of year | $11,282 |
| Other changes in net assets or fund balances | $-2,067 |
| Net assets or fund balances at end of year | $54,477 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $54,477 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,477 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | 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 |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $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 |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $73,772 |
| Subtotal | $73,772 |
| Gifts, grants, contributions, and membership fees received | $73,251 |
| 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 | $521 |
| 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 | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $73,772 |
| Public support | $73,772 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Craft3 Investment I Llc | PO BOX 826, Ilwaco, WA 98624-0826 | WA | 1995-07 | $18,154,406 |
| 2 | Masschallenge | 21 Dry Dock Ave 6th Flr, Boston, MA 02210-2384 | MA | 2010-04 | $4,959,384 |
| 3 | Small Business Majority Foundation Inc | 4000 Bridgeway Ste 101, Sausalito, CA 94965-1444 | CA | 2010-11 | $4,935,336 |
| 4 | Western North Carolina Regional Economic Development Non-Profit Co | 134 Wright Brothers Way, Fletcher, NC 28732-7808 | NC | 1996-02 | $2,225,305 |
| 5 | Women Venture | 2021 E Hennepin Ave Ste 200, Minneapolis, MN 55413-2724 | MN | 1984-09 | $1,770,287 |
| 6 | Los Angeles Cleantech Incubator | 411 S Hewitt Street, Los Angeles, CA 90013 | CA | 2012-08 | $1,684,863 |
| 7 | Puerto Rico Manufacturing Extension Primex Inc, Primex | Mercantil Plaza Ste 819, San Juan | international | 1996-12 | $1,678,335 |
| 8 | Startx | 2627 Hanover St, Palo Alto, CA 94304-1118 | CA | 2013-06 | $1,657,007 |
| 9 | Rockford Area Strategic Initiatives | 100 Park Ave Ste 100, Rockford, IL 61101-1099 | IL | 2010-06 | $1,367,725 |
| 10 | Commonwise Education Inc | 464 Black Willow Ln, Charlotte, VT 05445-4405 | VT | 2011-09 | $1,303,500 |
| 11 | Northern Arizona Technology & Business Incubator, Natibi | 2225 North Gemini Drive, Flagtaff, AZ 86001-1601 | AZ | 2001-06 | $908,043 |
| 12 | Seedspot | 2828 N Central Avenue, Phoenix, AZ 85004-1021 | AZ | 2014-03 | $628,424 |
| 13 | Community Development Financial Institution Of The Tahono Odham | PO BOX 3130, Sells, AZ 85634-3130 | AZ | 2006-08 | $611,464 |
| 14 | Tolani Lake Enterprises Inc | Hc 61 Box 320, Winslow, AZ 86047 | AZ | 2001-08 | $365,533 |
| 15 | Arizona Microcredit Initiative | Po Box 25866, Tempe, AZ 85285 | AZ | 2012-01 | $52,469 |
| 16 | E426org | PO BOX 2086, Sun City, AZ 85372-2086 | AZ | 2010-12 | $40,037 |
| 17 | Bootstrap America | 15275 W Valentine Street, Surprise, AZ 85379 | AZ | 2008-03 | $0 |
| 18 | Glendale Centerline Business Alliance | 5734 West Brown Street, Glendale, AZ 85302 | AZ | 2010-12 | $0 |
| 19 | Greater Arizona E Learning Inc | 9504 E Sunnyside Dr, Scottsdale, AZ 85260 | AZ | 2006-09 | $0 |
| 20 | Phoenix Creative Planning Centers Foundation Inc | P O Box 82181, Phoenix, AZ 85071 | AZ | 2002-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 518 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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