Visalia Economic Development Corporation in Visalia, California (CA)
Table of contents:
| Visalia Economic Development Corporation | |
| Employer Identification Number (EIN) | 770422186 |
| Name of Organization | Visalia Economic Development Corporation |
| In Care of Name | Linda Tolbert |
| Address | PO BOX 2722, Visalia, CA 93279-2722 |
| Activities | Described in section 509(a)(2) of the Code, Attracting new industry or retaining industry in an area |
| Subsection | Charitable Organization |
| Ruling Date | 12/1998 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $136,499 |
| Amount of Income | $93,912 |
| Form 990 Revenue Amount | $93,912 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $93,912 (it was $84,543 in 2013)
| Visalia Economic Development Corporation: | $93,912 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2014: $136,499 (it was $128,116 in 2013)
| Visalia Economic Development Corporation: | $136,499 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $65,946
| This organization: | $65,946 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.4
| Visalia Economic Development Corporation: | 1.4 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 48.8%
| Visalia Economic Development Corporation: | 48.8% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $65,784 | $71,808 | $84,543 |
| Contributions, gifts, grants, and similar amounts received | $34,000 | $32,000 | $41,237 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $31,000 | $39,000 | $41,000 |
| Investment income | $349 | $268 | $202 |
| 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 | $435 | $540 | $2,104 |
| Total expenses | $51,569 | $55,267 | $65,946 |
| Total net assets | $92,977 | $109,518 | $128,116 |
| Excess/Deficit for the year | $14,215 | $16,541 | $18,597 |
| Net assets or fund balances at beginning of year | $78,762 | $92,977 | $109,519 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $109,518 | $128,116 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $92,977 | $109,518 | $128,116 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $92,977 | $109,518 | $128,116 |
| 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: | 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $385,394 |
| Subtotal Support | $387,850 |
| Gifts, grants, contributions, and membership fees received | $387,850 |
| 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 | $2,456 |
| Total Support | $392,418 |
| Public Support | $387,850 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,150 |
| 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 | $2,418 |
| 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 | The Community Partnership For Families Of San Joaquin | PO BOX 1569, Stockton, CA 95201-1569 | CA | 2001-06 | $3,271,207 |
| 3 | South Lake Tahoe Tourism District | 3535 Lake Tahoe Blvd, S Lake Tahoe, CA 96150-8947 | CA | 2008-09 | $2,111,751 |
| 4 | Citadel Economic Development Corporation | 937 Via Lata Ste 500, Colton, CA 92324-3940 | CA | 2013-11 | $1,765,963 |
| 5 | Advance Redding | 700 Auditorium Dr, Redding, CA 96001-0919 | CA | 2012-09 | $1,412,247 |
| 6 | Promote La Trade - Iaph 2013 | 425 S Palos Verdes St, San Pedro, CA 90731-3309 | CA | 2012-06 | $1,396,151 |
| 7 | Downtown Oakland Association | 388 19th St, Oakland, CA 94612-3425 | CA | 2010-08 | $914,938 |
| 8 | Civic San Diego Economic Growth And Neighborhood Investment Fund | 401 B St Ste 400, San Diego, CA 92101-4298 | CA | 2014-11 | $784,625 |
| 9 | Santa Clarita Valley Economic Development Corporation | 26455 Rockwell Canyon Rd Ste 263, Santa Clarita, CA 91355-1803 | CA | 2009-12 | $758,287 |
| 10 | Downtown Ventura Property Owners Association, Downtown Ventura Partners | 374 P, Ventura, CA 93001 | CA | 2010-10 | $740,235 |
| 11 | San Pedro Bay Port Technologies Development Center Inc | 302 W 5th St Ste 201, San Pedro, CA 90731-2749 | CA | 2009-09 | $670,964 |
| 12 | Lincoln Heights Benefit Assoc Of Los Angeles | 5651 Fallston St Ste 207, Los Angeles, CA 90042-1967 | CA | 2011-03 | $666,809 |
| 13 | The Los Angeles Development Fund | 1200 W 7th St, Los Angeles, CA 90017-2349 | CA | 2008-06 | $555,904 |
| 14 | Small Business Development Corporation Of Orange County | 217 N Main St Ste 115, Santa Ana, CA 92701-4849 | CA | 2002-10 | $518,407 |
| 15 | San Diego North Economic Development Council | 950 Boardwalk Ste 303, San Marcos, CA 92078-2639 | CA | 2002-07 | $469,580 |
| 16 | World Trade Center Association Los Angeles-Long Beach | 444 S Flower St Fl 37, Los Angeles, CA 90071-2972 | CA | 2007-03 | $426,239 |
| 17 | Teamcalifornia Economic Development Corporation | 8789 Auburn Folsom Rd 108, Granite Bay, CA 95746-6287 | CA | 2009-02 | $420,297 |
| 18 | So Cal Corporate Growth Partners | 25186 Hancock Ave Ste 220, Murrieta, CA 92562-5998 | CA | 2011-08 | $402,698 |
| 19 | Cudahy Economic Development Corporation | 5220 Santa Ana St, Cudahy, CA 90201-6024 | CA | 2013-04 | $376,994 |
| 20 | Connect The World Inc | 11407 Julius Ave, Downey, CA 90241-4431 | CA | 2010-10 | $301,185 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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