Folsom Economic Development Corporation in Folsom, California (CA)

Organization representatives - add corrected or new information about Folsom Economic Development Corporation »

Non-representatives - add comments about Folsom Economic Development Corporation»

Folsom Economic Development Corporation
Employer Identification Number (EIN)680377492
Name of OrganizationFolsom Economic Development Corporation
Address200 Wool St, Folsom, CA 95630-2549
ActivitiesDescribed in section 509(a)(2) of the Code, Area development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date11/1996
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$19,595
Amount of Income$62,252
Form 990 Revenue Amount$62,252
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


Non-representatives - add comments:


CAPTCHA

Your IP address 3.147.72.52 will be logged.

Amount of income in 2013: $62,252 (it was $185,206 in 2012)
Folsom Economic Development Corporation: 

 $62,252
Other organizations performing similar types of work: 

 $135,279

Assets in 2013: $19,595 (it was $4,071 in 2012)
This organization: 

 $19,595
Other organizations performing similar types of work: 

 $114,906

Expenses in 2013: $45,230
Folsom Economic Development Corporation: 

 $45,230
Other organizations performing similar types of work: 

 $121,073

Income to expenses ratio in 2013: 1.4
Folsom Economic Development Corporation: 

 1.4
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: 62.6%
Folsom Economic Development Corporation: 

 62.6%
Other organizations performing similar types of work: 

 8.8%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$162,167$185,206$62,252
Contributions, gifts, grants, and similar amounts received$110,400$98,776$39,000
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$42,650$5,250$23,250
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$9,117$81,180$2
Total expenses$197,399$132,070$45,230
Total net assets$-55,465$-2,329$14,693
Excess/Deficit for the year$-35,232$53,136$17,022
Net assets or fund balances at beginning of year$-20,233$-55,465$-2,329
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$-2,329$14,693
Balance Sheets
201120122013
Total assets$47,075$4,071$19,595
Total liabilities$102,540$6,400$4,902
Net assets or fund balances$-55,465$-2,329$14,693
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoYes
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
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 supported0
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 2009 - 2013)
2009 - 2013 Total
Public Support$518,506
Subtotal Support$518,506
Gifts, grants, contributions, and membership fees received$518,506
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$705,105
Public Support$518,506
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
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$186,599
Gross receipts from related activities, etc.$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$0$0$0
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$0
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$0
Specific deduction$1,000
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Folsom Economic Development Corporation to others? (optional)
  
Add photo of Folsom Economic Development Corporation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Recently Added Reviews
Walk On The Water Faith Ministries in Folsom, CA
Knights Of Columbus, Centennial Assembly #1903 in Folsom, CA
*****
Ackright Premier Sports Inc in San Dimas, CA
*****
Trust Funds Inc in San Francisco, CA
*****
Foothill High School Super Boosters Club in Santa Ana, CA
Hoi Bac Ai Phanxico Franciscan Charity Inc in San Francisco, CA
****
Cuddlybear Thrift Store Inc in Fortuna, CA
****
Apostle Paul Ministries in Hayward, CA
****•
Adat Ari El in N Hollywood, CA
*****
Iglesia De Jesucristo Palabra-Miel in El Cajon, CA
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1West River Foundation For Economic And Community DevelopmentPO BOX 605, Sturgis, SD 57785-0605SD2000-10$1,093,865
2The Community Partnership For Families Of San JoaquinPO BOX 1569, Stockton, CA 95201-1569CA2001-06$3,271,207
3South Lake Tahoe Tourism District3535 Lake Tahoe Blvd, S Lake Tahoe, CA 96150-8947CA2008-09$2,111,751
4Citadel Economic Development Corporation937 Via Lata Ste 500, Colton, CA 92324-3940CA2013-11$1,765,963
5Advance Redding700 Auditorium Dr, Redding, CA 96001-0919CA2012-09$1,412,247
6Promote La Trade - Iaph 2013425 S Palos Verdes St, San Pedro, CA 90731-3309CA2012-06$1,396,151
7Downtown Oakland Association388 19th St, Oakland, CA 94612-3425CA2010-08$914,938
8Civic San Diego Economic Growth And Neighborhood Investment Fund401 B St Ste 400, San Diego, CA 92101-4298CA2014-11$784,625
9Santa Clarita Valley Economic Development Corporation26455 Rockwell Canyon Rd Ste 263, Santa Clarita, CA 91355-1803CA2009-12$758,287
10Downtown Ventura Property Owners Association, Downtown Ventura Partners374 P, Ventura, CA 93001CA2010-10$740,235
11San Pedro Bay Port Technologies Development Center Inc302 W 5th St Ste 201, San Pedro, CA 90731-2749CA2009-09$670,964
12Lincoln Heights Benefit Assoc Of Los Angeles5651 Fallston St Ste 207, Los Angeles, CA 90042-1967CA2011-03$666,809
13The Los Angeles Development Fund1200 W 7th St, Los Angeles, CA 90017-2349CA2008-06$555,904
14Small Business Development Corporation Of Orange County217 N Main St Ste 115, Santa Ana, CA 92701-4849CA2002-10$518,407
15San Diego North Economic Development Council950 Boardwalk Ste 303, San Marcos, CA 92078-2639CA2002-07$469,580
16World Trade Center Association Los Angeles-Long Beach444 S Flower St Fl 37, Los Angeles, CA 90071-2972CA2007-03$426,239
17Teamcalifornia Economic Development Corporation8789 Auburn Folsom Rd 108, Granite Bay, CA 95746-6287CA2009-02$420,297
18So Cal Corporate Growth Partners25186 Hancock Ave Ste 220, Murrieta, CA 92562-5998CA2011-08$402,698
19Cudahy Economic Development Corporation5220 Santa Ana St, Cudahy, CA 90201-6024CA2013-04$376,994
20Connect The World Inc11407 Julius Ave, Downey, CA 90241-4431CA2010-10$301,185
Number of organizations performing similar types of work
Alaska23
Alabama64
Arkansas29
Arizona41
California299
Colorado47
Connecticut39
District of Columbia35
Delaware8
Florida134
Georgia71
Hawaii27
Iowa63
Idaho15
Illinois108
Indiana79
Kansas46
Kentucky50
Louisiana73
Massachusetts46
Maryland54
Maine37
Michigan101
Minnesota55
Missouri99
Mississippi38
Montana36
North Carolina125
North Dakota13
Nebraska37
New Hampshire25
New Jersey61
New Mexico41
Nevada16
New York213
Ohio149
Oklahoma39
Oregon51
Pennsylvania173
Rhode Island6
South Carolina63
South Dakota34
Tennessee56
Texas168
Utah17
Virginia62
Vermont16
Washington47
Wisconsin61
West Virginia39
Wyoming14
International10
Total3,253

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Folsom Economic Development Corporation and has no official or unofficial affiliation with Folsom Economic Development Corporation