Economic Development Council in Ocala, Florida (FL)

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Economic Development Council
Employer Identification Number (EIN)591095184
Name of OrganizationEconomic Development Council
Address310 Se 3rd St, Ocala, FL 34471-2107
ActivitiesBusiness promotion (chamber of commerce, business league, etc.)
SubsectionChamber of Commerce
Ruling Date10/1975
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Tax Period09/2012
Assets$100,000 to $499,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$215,001
Amount of Income$579,787
Form 990 Revenue Amount$579,787


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

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$579,787
Contributions, Gifts, Grants and Other Similar Amounts$258,927
Program Service Revenue$320,500
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$360
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$593,844
Compensation of current officers, directors, trustees, and key employees$118,500
Other salaries and wages$76,015
Payroll taxes$15,714
Professional fundraising services$0
Other$383,615
Balance Sheet (for 2012)
Total assets$215,001
Total liabilities$9,251
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$9,251
Total net assets or fund balances$205,750
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:Not provided
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