Economic Development Investment Fund Inc in Sarasota, Florida (FL)
Table of contents:
Economic Development Investment Fund Inc | |
Employer Identification Number (EIN) | 264046217 |
Name of Organization | Economic Development Investment Fund Inc |
In Care of Name | Brian Caswell |
Address | 5899 Whitfield Ave Ste 200, Sarasota, FL 34243 |
Website | http://www.edif.us |
Subsection | Charitable Organization |
Ruling Date | 05/2009 |
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 | 2011 |
Assets | $25,000 to $99,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - 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 |
Non-representatives - add comments:
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% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
2012 | 2013 | |
---|---|---|
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 | ||
2012 | 2013 | |
---|---|---|
Total assets | $257,660 | $68,996 |
Total liabilities | $250,784 | $66,349 |
Net assets or fund balances | $6,876 | $2,647 |
Other Information | ||
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 |
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 |
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? | 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 | $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 | |||||
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 | Volusia Redevelopment Parking Corporation | 101 N Atlantic Ave, Daytona Beach, FL 32118-4203 | FL | 2000-02 | $2,051,116 |
3 | Energy Florida Inc, Space Coast Energy Consortium Inc | 166 Center St Ste 200, Cpe Canaveral, FL 32920-3743 | FL | 2011-12 | $722,623 |
4 | Hardee County Economic Development Council Inc | PO BOX 458, Wauchula, FL 33873-0458 | FL | 2011-04 | $346,600 |
5 | Fifth Avenue South Business Improvement District Inc | 649 5th Ave S Unit 222, Naples, FL 34102-6601 | FL | 2011-11 | $299,107 |
6 | Catapult Lakeland Inc | 226 N Kentucky Ave, Lakeland, FL 33801-4963 | FL | 2013-12 | $239,054 |
7 | Winter Haven Economic Development Council Inc | 25 3rd St Nw, Winter Haven, FL 33881-4609 | FL | 2012-05 | $223,415 |
8 | The Beacon Council Economic Development Foundation Inc | 80 Sw 8th St Ste 2400, Miami, FL 33130-3013 | FL | 1987-05 | $185,300 |
9 | St Petersburg Saturday Morning Market Inc | PO BOX 1213, St Petersburg, FL 33731-1213 | FL | 2012-04 | $179,714 |
10 | Charlotte Harbor Super Boat Grand Prix Inc, Gerald York Mbr | 1133 Bal Harbor, Punta Gorda, FL 33950-6577 | FL | 2014-01 | $101,226 |
11 | Gulf County Economic Development Alliance Inc | 101 Allen Memorial Way, Port St Joe, FL 32456 | FL | 2014-09 | $80,000 |
12 | South Of Downtown Orlando Main Street | PO BOX 568245, Orlando, FL 32856-8245 | FL | 2010-10 | $69,726 |
13 | West Bartow Front Porch Revitalization Council Inc | PO BOX 726, Bartow, FL 33831-0726 | FL | 2003-01 | $40,387 |
14 | Wilton Manors Development Alliance Inc | 2435 N Dixie Hwy, Wilton Manors, FL 33305 | FL | 2004-11 | $36,945 |
15 | Economic Development Investment Fund Inc | 5899 Whitfield Ave Ste 200, Sarasota, FL 34243 | FL | 2009-05 | $29,106 |
16 | The Clay County Chamber Of Commerce Foundation Inc | 1734 Kingsley Avenue, Orange Park, FL 32073-4494 | FL | 2006-08 | $23,627 |
17 | St Paul Community Development Corporation | 3680 Thomas Avenue, Miami, FL 33133 | FL | 2007-02 | $17,368 |
18 | Optimum Services Organization | 5839 Whirlaway Rd, Palm Bch Gdns, FL 33418-7740 | FL | 2011-06 | $14,800 |
19 | Techstar Foundation Inc | 5156 Vistamere Ct, Orlando, FL 32819-3222 | FL | 2004-05 | $14,176 |
20 | Brotherly Love Kings Table Community Development Corporation | 81 N Deerfield Avenue Suite 3, Deerfield Beach, FL 33441 | FL | 2005-09 | $12,517 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,253 |
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