Polk Vision Inc in Highland City, Florida (FL)
Table of contents:
| Polk Vision Inc | |
| Employer Identification Number (EIN) | 200141870 |
| Name of Organization | Polk Vision Inc |
| In Care of Name | Ronald L Clark |
| Address | PO BOX 1506, Highland City, FL 33846-1506 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2005 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $167,462 |
| Amount of Income | $152,687 |
| Form 990 Revenue Amount | $152,687 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $152,687 (it was $163,391 in 2012)
| This organization: | $152,687 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $167,462 (it was $177,584 in 2012)
| This organization: | $167,462 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $165,323
| Polk Vision Inc: | $165,323 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 72.0%
| Polk Vision Inc: | 72.0% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $133,155 | $163,391 | $152,687 |
| Contributions, gifts, grants, and similar amounts received | $68,870 | $105,431 | $109,926 |
| Program service revenue including government fees and contracts | $52,875 | $52,725 | $41,365 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,510 | $367 | $410 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $6,000 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $3,900 | $4,868 | $986 |
| Total expenses | $167,579 | $172,809 | $165,323 |
| Total net assets | $184,230 | $174,812 | $162,176 |
| Excess/Deficit for the year | $-34,424 | $-9,418 | $-12,636 |
| Net assets or fund balances at beginning of year | $218,654 | $184,230 | $174,812 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $174,812 | $162,176 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $187,500 | $177,584 | $167,462 |
| Total liabilities | $3,270 | $2,772 | $5,286 |
| Net assets or fund balances | $184,230 | $174,812 | $162,176 |
| 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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $595,621 |
| Subtotal Support | $595,621 |
| Gifts, grants, contributions, and membership fees received | $595,621 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $610,059 |
| Public Support | $595,621 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,684 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $9,754 |
| Gross receipts from related activities, etc. | $248,965 |
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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 |
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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