Akron Development Corporation in Akron, Iowa (IA)
Table of contents:
| Akron Development Corporation | |
| Employer Identification Number (EIN) | 030485707 |
| Name of Organization | Akron Development Corporation |
| In Care of Name | Kevin R Eekhoff |
| Address | PO BOX 277, Akron, IA 51001-0277 |
| Subsection | Social Welfare Organization |
| Ruling Date | 08/2003 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $64,327 |
| Amount of Income | $462 |
| Form 990 Revenue Amount | $462 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $462 (it was $561 in 2012)
| Akron Development Corporation: | $462 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $64,327 (it was $65,067 in 2012)
| Akron Development Corporation: | $64,327 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $1,202
| This organization: | $1,202 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 0.4
| Akron Development Corporation: | 0.4 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 10.8%
| This organization: | 10.8% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $561 | $462 |
| Contributions, gifts, grants, and similar amounts received | $0 | $50 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $561 | $332 |
| 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 | $80 |
| Total expenses | $33,965 | $1,202 |
| Total net assets | $65,067 | $64,327 |
| Excess/Deficit for the year | $-33,404 | $-740 |
| Net assets or fund balances at beginning of year | $98,471 | $65,067 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $64,327 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $65,067 | $64,327 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $65,067 | $64,327 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | 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 | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $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 | Vocational Development Center Inc | 612 S Main St, Council Blfs, IA 51503-6509 | IA | 1968-09 | $10,713,154 |
| 3 | Waterloo Development Corporation | 10 W 4th St Ste 310, Waterloo, IA 50701-5428 | IA | 2000-09 | $3,851,397 |
| 4 | Altoona Economic Development Corporation | 200 1st Ave S, Altoona, IA 50009-1704 | IA | 2010-10 | $651,587 |
| 5 | Technology Association Of Iowa Educational Foundation | Capitol Center Ii 500 East Court, Des Moines, IA 50309 | IA | 2008-05 | $225,880 |
| 6 | Moulton Economic Development Association Inc | Po Box 52, Moulton, IA 52572 | IA | 2011-07 | $166,432 |
| 7 | Hope Community Development Association Inc | 5925 Council Street Ne Suite 130, Cedar Rapids, IA 52402 | IA | 2011-11 | $154,895 |
| 8 | Shelby County Developsource | 1901 Hawkeye Ave Ste 101, Harlan, IA 51537-2425 | IA | 2002-03 | $122,752 |
| 9 | Northwest Iowa Economic Development Corporation | PO BOX 126, Sibley, IA 51249-0126 | IA | 2011-02 | $113,609 |
| 10 | Main Street Washington Inc | 205 W Main St, Washington, IA 52353-1722 | IA | 2013-03 | $97,577 |
| 11 | We Lead | 112 E 3rd St, West Liberty, IA 52776-1402 | IA | 2007-10 | $97,279 |
| 12 | Corning Community School Education Foundation | 904 8th St, Corning, IA 50841-1412 | IA | 2014-02 | $90,614 |
| 13 | Riverloop Association Inc | 225 Commercial St, Waterloo, IA 50701-1313 | IA | 2014-07 | $80,459 |
| 14 | Ogden Legacy | 513 W Walnut St, Ogden, IA 50212-7708 | IA | 2014-03 | $70,979 |
| 15 | Galva Economic Development Corporation | 1681 Market Ave, Galva, IA 51020 | IA | 2005-04 | $49,102 |
| 16 | Keokuk Vision | 501 Main Street, Keokuk, IA 52632 | IA | 2009-07 | $28,111 |
| 17 | Holstein Development Authority | PO BOX 500, Holstein, IA 51025-0500 | IA | 2015-01 | $4,000 |
| 18 | Riada Inc | 306 Audubon St, Adair, IA 50002 | IA | 2000-02 | $3,299 |
| 19 | Asbury Area Development Corporation | 5080 Asbury Road, Asbury, IA 52002 | IA | 1999-11 | $0 |
| 20 | Avoca Betterment Association | 201 N Elm St, Avoca, IA 51521-3507 | IA | 2014-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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