Naugatuck Valley Project Inc in Waterbury, Connecticut (CT)
Table of contents:
| Naugatuck Valley Project Inc | |
| Employer Identification Number (EIN) | 222726260 |
| Name of Organization | Naugatuck Valley Project Inc |
| Address | 26 Ludlow St, Waterbury, CT 06710-1820 |
| Activities | Other activity aimed t combating community deterioration, Job training, counseling, or assistance |
| Subsection | Charitable Organization |
| Ruling Date | 02/1988 |
| 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 | 08/2014 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $898 |
| Amount of Income | $102,437 |
| Form 990 Revenue Amount | $99,237 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $102,437 (it was $117,489 in 2013)
| This organization: | $102,437 |
| Other organizations performing similar types of work: | $219,690 |
Assets in 2014: $898 (it was $4,987 in 2013)
| This organization: | $898 |
| Other organizations performing similar types of work: | $475,649 |
Expenses in 2013: $117,244
| This organization: | $117,244 |
| Other organizations performing similar types of work: | $225,641 |
Income to expenses ratio in 2013: 0.9
| Naugatuck Valley Project Inc: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 65.5%
| Naugatuck Valley Project Inc: | 65.5% |
| Other organizations performing similar types of work: | 35.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $141,111 | $128,886 | $117,489 |
| Contributions, gifts, grants, and similar amounts received | $106,650 | $79,000 | $77,000 |
| Program service revenue including government fees and contracts | $13,750 | $31,750 | $26,500 |
| Membership dues and assessments | $4,750 | $3,575 | $2,795 |
| Investment income | $66 | $30 | $34 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $15,895 | $13,594 | $5,506 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $17,143 | $15,182 | $6,483 |
| Less: direct expenses from gaming and fundraising events | $1,248 | $1,588 | $977 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $937 | $5,654 |
| Total expenses | $153,492 | $123,645 | $117,244 |
| Total net assets | $-1,474 | $3,767 | $4,012 |
| Excess/Deficit for the year | $-12,381 | $5,241 | $245 |
| Net assets or fund balances at beginning of year | $13,368 | $-1,474 | $3,767 |
| Other changes in net assets or fund balances | $-2,461 | $0 | $0 |
| Net assets or fund balances at end of year | $3,767 | $4,012 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $4,910 | $20,143 | $4,987 |
| Total liabilities | $6,384 | $16,376 | $975 |
| Net assets or fund balances | $-1,474 | $3,767 | $4,012 |
| 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: (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 | $666,512 |
| Subtotal | $666,512 |
| Gifts, grants, contributions, and membership fees received | $619,509 |
| 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 | $47,003 |
| 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 | $773,072 |
| Public support | $666,512 |
| Subtotal | $357 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $357 |
| 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 | $106,203 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Community Economic Development Fund Foundation Inc | 965 E Main St, Meriden, CT 06450-6006 | CT | 1994-12 | $3,502,047 |
| 2 | University Heights Science And Technology Park Inc | 65 Bergen Street, Newark, NJ 07107-3001 | NJ | 1993-09 | $1,678,020 |
| 3 | Southeast Ark Economic Development Dist Inc | PO BOX 6806, Pine Bluff, AR 71611-6806 | AR | 1978-01 | $6,823,915 |
| 4 | Self-Help Community Development Corp | 301 W Main St, Durham, NC 27701-3215 | NC | 1996-12 | $3,666,008 |
| 5 | South Central Kansas Economic Development District Inc Sckedd | 200 W Douglas Ave Ste 710, Wichita, KS 67202-3075 | KS | 1974-01 | $2,989,393 |
| 6 | Superior California Economic Development Inc | 350 Hartnell Ave Ste A, Redding, CA 96002-1875 | CA | 1995-07 | $2,395,022 |
| 7 | Tacolcy Economic Development Corporation Inc | 675 Nw 56th St Ste C, Miami, FL 33127-1569 | FL | 1983-01 | $2,292,829 |
| 8 | Real Estate Council Foundation | 5430 Lbj Freeway, Dallas, TX 75240-2601 | TX | 1994-07 | $2,089,137 |
| 9 | Staten Island Economic Development Corporation | 900 South Ave Ste 402, Staten Island, NY 10314-3429 | NY | 1994-03 | $1,657,591 |
| 10 | Transportation Choices Coalition, Alt-Trans | 219 1st Ave S Ste 420, Seattle, WA 98104-3415 | WA | 1993-11 | $1,318,219 |
| 11 | Rural Coalition | 1029 Vermont Ave Nw Ste 601, Washington, DC 20005-3842 | DC | 1998-08 | $1,122,799 |
| 12 | Village Alliance District Management Association Inc | 8 East 8th Street, New York, NY 10003-5915 | NY | 1994-11 | $1,065,643 |
| 13 | Sterling Today Inc | PO BOX 183, Sterling, IL 61081-0183 | IL | 1991-09 | $955,835 |
| 14 | Santa Fe Business Incubator Inc | 3900 Paseo Del Sol, Santa Fe, NM 87507-4072 | NM | 1996-12 | $816,969 |
| 15 | The Producers Club Of Maryland Inc | 107 E Read St, Baltimore, MD 21202-2403 | MD | 1993-11 | $724,630 |
| 16 | Siskiyou County Economic Development Council | 1512 S Oregon St, Yreka, CA 96097-3424 | CA | 1985-08 | $719,909 |
| 17 | The Youngstown Edison Incubator Corporation | 241 W Federal St, Youngstown, OH 44503-1207 | OH | 1996-05 | $551,993 |
| 18 | Workforce Partnership Of Greater Rhode Island | 1511 Pontiac Ave, Cranston, RI 02920 | RI | 1995-07 | $520,117 |
| 19 | Naugatuck Valley Project Inc | 26 Ludlow St, Waterbury, CT 06710-1820 | CT | 1988-02 | $102,437 |
| 20 | Meriden Economic Resources Group Inc | 103 Preston Dr, Meriden, CT 06450-3531 | CT | 1997-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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