Economic Development Investment Fund Inc in Sarasota, Florida (FL)

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Economic Development Investment Fund Inc
Employer Identification Number (EIN)264046217
Name of OrganizationEconomic Development Investment Fund Inc
In Care of NameBrian Caswell
Address5899 Whitfield Ave Ste 200, Sarasota, FL 34243
Websitehttp://www.edif.us
SubsectionCharitable Organization
Ruling Date05/2009
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 Period2011
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$68,996
Amount of Income$29,106
Form 990 Revenue Amount$29,106
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2011: $29,106 (it was $29,106 in 2013)
Economic Development Investment Fund Inc: 

 $29,106
Other organizations performing similar types of work: 

 $135,279

Assets in 2011: $68,996 (it was $68,996 in 2013)
Economic Development Investment Fund Inc: 

 $68,996
Other organizations performing similar types of work: 

 $114,906

Expenses in 2013: $33,335
Economic Development Investment Fund Inc: 

 $33,335
Other organizations performing similar types of work: 

 $121,073

Income to expenses ratio in 2013: 0.9
Economic Development Investment Fund Inc: 

 0.9
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: 94.2%
This organization: 

 94.2%
Other organizations performing similar types of work: 

 8.8%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$55,193$29,106
Contributions, gifts, grants, and similar amounts received$51,983$27,421
Program service revenue including government fees and contracts$1,260$1,685
Membership dues and assessments$0$0
Investment income$1,950$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$49,473$33,335
Total net assets$6,876$2,647
Excess/Deficit for the year$5,720$-4,229
Net assets or fund balances at beginning of year$1,156$6,876
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$6,876$2,647
Balance Sheets
20122013
Total assets$257,660$68,996
Total liabilities$250,784$66,349
Net assets or fund balances$6,876$2,647
Other Information
20122013
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?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
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
Gross receipts for public use of club facilities$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: (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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$86,917
Subtotal$86,917
Gifts, grants, contributions, and membership fees received$85,232
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$1,685
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$87,867
Public support$86,917
Subtotal$950
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$950
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$0
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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
2Volusia Redevelopment Parking Corporation101 N Atlantic Ave, Daytona Beach, FL 32118-4203FL2000-02$2,051,116
3Energy Florida Inc, Space Coast Energy Consortium Inc166 Center St Ste 200, Cpe Canaveral, FL 32920-3743FL2011-12$722,623
4Hardee County Economic Development Council IncPO BOX 458, Wauchula, FL 33873-0458FL2011-04$346,600
5Fifth Avenue South Business Improvement District Inc649 5th Ave S Unit 222, Naples, FL 34102-6601FL2011-11$299,107
6Catapult Lakeland Inc226 N Kentucky Ave, Lakeland, FL 33801-4963FL2013-12$239,054
7Winter Haven Economic Development Council Inc25 3rd St Nw, Winter Haven, FL 33881-4609FL2012-05$223,415
8The Beacon Council Economic Development Foundation Inc80 Sw 8th St Ste 2400, Miami, FL 33130-3013FL1987-05$185,300
9St Petersburg Saturday Morning Market IncPO BOX 1213, St Petersburg, FL 33731-1213FL2012-04$179,714
10Charlotte Harbor Super Boat Grand Prix Inc, Gerald York Mbr1133 Bal Harbor, Punta Gorda, FL 33950-6577FL2014-01$101,226
11Gulf County Economic Development Alliance Inc101 Allen Memorial Way, Port St Joe, FL 32456FL2014-09$80,000
12South Of Downtown Orlando Main StreetPO BOX 568245, Orlando, FL 32856-8245FL2010-10$69,726
13West Bartow Front Porch Revitalization Council IncPO BOX 726, Bartow, FL 33831-0726FL2003-01$40,387
14Wilton Manors Development Alliance Inc2435 N Dixie Hwy, Wilton Manors, FL 33305FL2004-11$36,945
15Economic Development Investment Fund Inc5899 Whitfield Ave Ste 200, Sarasota, FL 34243FL2009-05$29,106
16The Clay County Chamber Of Commerce Foundation Inc1734 Kingsley Avenue, Orange Park, FL 32073-4494FL2006-08$23,627
17St Paul Community Development Corporation3680 Thomas Avenue, Miami, FL 33133FL2007-02$17,368
18Optimum Services Organization5839 Whirlaway Rd, Palm Bch Gdns, FL 33418-7740FL2011-06$14,800
19Techstar Foundation Inc5156 Vistamere Ct, Orlando, FL 32819-3222FL2004-05$14,176
20Brotherly Love Kings Table Community Development Corporation81 N Deerfield Avenue Suite 3, Deerfield Beach, FL 33441FL2005-09$12,517
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

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