Center For Technology Enterprise & Development, T E D Center in Delray Beach, Florida (FL)

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Center For Technology Enterprise & Development, T E D Center
Employer Identification Number (EIN)650362710
Name of OrganizationCenter For Technology Enterprise & Development
Secondary NameT E D Center
Address401 West Atlantic Ave Suite 09, Delray Beach, FL 33444-3689
ActivitiesArea development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date11/1997
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 Period09/2012
Assets$500,000 to $999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$723,699
Amount of Income$550,407
Form 990 Revenue Amount$459,722
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


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Amount of income in 2012: $550,407 (it was $552,719 in 2011)
Center For Technology Enterprise & Development, T E D Center: 

 $550,407
Other organizations performing similar types of work: 

 $190,298

Assets in 2012: $723,699 (it was $809,785 in 2011)
Center For Technology Enterprise & Development, T E D Center: 

 $723,699
Other organizations performing similar types of work: 

 $326,461

Expenses in 2012: $613,677
This organization: 

 $613,677
Other organizations performing similar types of work: 

 $231,022

Income to expenses ratio in 2012: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 81.6%
Center For Technology Enterprise & Development, T E D Center: 

 81.6%
Other organizations performing similar types of work: 

 35.7%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$459,722
Contributions, Gifts, Grants and Other Similar Amounts$375,114
Program Service Revenue$84,558
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$50
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$613,677
Compensation of current officers, directors, trustees, and key employees$110,000
Other salaries and wages$168,528
Payroll taxes$0
Professional fundraising services$0
Other$335,149
Balance Sheet (for 2012)
Total assets$726,529
Total liabilities$560,426
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$406,269
Unsecured notes and loans payable to unrelated third parties$0
Other$154,157
Total net assets or fund balances$166,103
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$1,948,564
Gifts, grants, contributions, and membership fees received$1,943,291
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$5,273
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Uptown Columbus IncPO BOX 1237, Columbus, GA 31902-1237GA1985-04$12,826,789
2Community And Economic Development20 E Washington St Ste A, Quincy, FL 32351-2473FL1982-01$2,937,144
3Broward County Community Development Corporation Inc305 Se 18th Ct, Ft Lauderdale, FL 33316-2829FL1993-06$2,591,194
4Jacksonville Chamber Foundation Inc3 Independent Dr, Jacksonville, FL 32202-5004FL1978-12$1,190,052
5Pasco Economic Development Council Inc16506 Pointe Village Drive, Lutz, FL 33558-5254FL1981-06$1,093,756
6Mount Olive Development Corporation, Modco401 Nw 9th Ave, Ft Lauderdale, FL 33311-8146FL1995-08$1,093,647
7Catholic Charities Community Development Corporation1213 16th St N, St Petersburg, FL 33705-1032FL1991-03$814,878
8Allapattah Business Development Authority Inc807 Nw 37 Ave Suite 212, Miami, FL 33125-3820FL1989-09$684,726
9Dania Economic Development Corporation210 Nw 12th Avenue, Dania Beach, FL 33004-2647FL1984-11$563,411
10Center For Technology Enterprise & Development, T E D Center401 West Atlantic Ave Suite 09, Delray Beach, FL 33444-3689FL1997-11$550,407
11Mainstreet Fort Pierce Inc122 A E Backus Ave, Fort Pierce, FL 34950-3010FL1992-11$525,140
12Winter Park Improvement Foundation Inc151 W Lyman Ave, Winter Park, FL 32789-4314FL1990-11$176,631
13Volusia County Business Development Corp1901 Mason Ave Ste 107, Daytona Beach, FL 32117-5105FL1986-04$125,668
14Ybor City Development Corporation2015 E 7th Ave, Tampa, FL 33605-3901FL1989-10$55,514
15Dade Employment And Economic Development Corporation105 Se 12 Ave, Homestead, FL 33030-8193FL1982-01$12,333
16Inner City Fund Inc911 S Woodrow Wilson St Ste 21, Plant City, FL 33563-9304FL1997-10$150
17St James Economic Development Inc3500 Charles Ave, Miami, FL 33133-5714FL1997-10$1
18Dade-Hialeah Community Development Corporation1840 W 49th St Ste 410, Hialeah, FL 33012-2978FL1998-08$0
19Memphis Area Community Development Corporation Inc, Lonnie Ward JrPO BOX 937, Bradenton, FL 34206-0937FL1988-09$0
20New York Initiative Inc817 Oak Shadows Road, Celebration, FL 34747FL1997-12$0
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas6
Arizona6
California34
Colorado8
Connecticut9
District of Columbia7
Florida22
Georgia12
Hawaii1
Iowa18
Idaho3
Illinois30
Indiana20
Kansas1
Kentucky5
Louisiana8
Massachusetts17
Maryland11
Maine2
Michigan17
Minnesota11
Missouri17
Mississippi6
Montana4
North Carolina24
North Dakota3
Nebraska2
New Hampshire2
New Jersey17
New Mexico2
Nevada3
New York59
Ohio18
Oklahoma5
Oregon4
Pennsylvania32
South Carolina7
South Dakota3
Tennessee11
Texas21
Utah1
Virginia10
Vermont1
Washington6
Wisconsin14
West Virginia3
Wyoming2
International1
Total531

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