Highway 63 Gateway Communitydevelopment Corporation in Waterloo, Iowa (IA)
Table of contents:
| Highway 63 Gateway Communitydevelopment Corporation | |
| Employer Identification Number (EIN) | 204794294 |
| Name of Organization | Highway 63 Gateway Communitydevelopment Corporation |
| In Care of Name | Morgan Wortham |
| Address | PO BOX 2031, Waterloo, IA 50704-2031 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2007 |
| 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 | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $32,146 |
| Amount of Income | $131,457 |
| Form 990 Revenue Amount | $131,457 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $131,457 (it was $60,024 in 2012)
| Highway 63 Gateway Communitydevelopment Corporation: | $131,457 |
| Other organizations performing similar types of work: | $623,666 |
Assets in 2013: $32,146 (it was $582 in 2012)
| This organization: | $32,146 |
| Other organizations performing similar types of work: | $2,159,711 |
Expenses in 2013: $105,080
| Highway 63 Gateway Communitydevelopment Corporation: | $105,080 |
| Other organizations performing similar types of work: | $483,294 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 98.6%
| Highway 63 Gateway Communitydevelopment Corporation: | 98.6% |
| Other organizations performing similar types of work: | 28.9% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $60,024 | $131,457 | ||
| Contributions, gifts, grants, and similar amounts received | $60,024 | $129,667 | ||
| Program service revenue including government fees and contracts | $0 | $0 | ||
| Membership dues and assessments | $0 | $0 | ||
| Investment income | $0 | $1,790 | ||
| Gain/Loss from sale of assets other than inventory | $0 | $0 | ||
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | ||
| Other revenue | $0 | $0 | ||
| Total expenses | $124,039 | $105,080 | ||
| Total net assets | $-3,043 | $23,334 | ||
| Excess/Deficit for the year | $-64,015 | $26,377 | ||
| Net assets or fund balances at beginning of year | $60,972 | $-3,043 | ||
| Other changes in net assets or fund balances | $0 | $0 | ||
| Net assets or fund balances at end of year | $-3,043 | $23,334 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $754 | $61,627 | $582 | $32,146 |
| Total liabilities | $0 | $655 | $3,625 | $8,812 |
| Net assets or fund balances | $-3,043 | $23,334 | ||
| Other Information | ||||
| 2010 | 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 | ||
| Has the organization filed a Form 990-T for the year? | No | No | 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 | 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 | $1,353,026 |
| Subtotal Support | $1,353,026 |
| Gifts, grants, contributions, and membership fees received | $1,353,026 |
| 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 | $1,424,061 |
| Public Support | $1,353,026 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,790 |
| 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 | $69,245 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Siouxland Economic Development Corporation | 617 Pierce Street Suite 202, Sioux City, IA 51101-1205 | IA | 1981-06 | $1,104,042 |
| 2 | Spirit Of 76 Inc | PO BOX 1876, Junction City, KS 66441-6876 | KS | 1976-07 | $1,102,440 |
| 3 | Black Hawk Economic Development Inc | 3835 W 9th St, Waterloo, IA 50702-5913 | IA | 1979-08 | $553,660 |
| 4 | Manilla Economic Development Corporation | 341 4th Street, Manilla, IA 51454 | IA | 1988-11 | $205,073 |
| 5 | Manchester Enterprises Inc | 217 N Franklin St, Manchester, IA 52057-1538 | IA | 1992-02 | $179,095 |
| 6 | Crawford County Development Corp | Denison, IA 51442 | IA | $160,832 | |
| 7 | Fremont County Economic Development Corporation Inc | PO BOX 736, Sidney, IA 51652-0736 | IA | 1998-10 | $57,635 |
| 8 | Guthrie Center Area Development Corporation | 306 State St, Guthrie Ctr, IA 50115-1352 | IA | 1986-11 | $49,513 |
| 9 | Hubbard Economic Development Corp Nfo | Po Box 265, Hubbard, IA 50122 | IA | $32,100 | |
| 10 | Harlan Industrial Foundation | C/O Muxfeldt Associates-Cpa Pc Po B, Harlan, IA 51537 | IA | 1987-10 | $17,478 |
| 11 | Council Bluffs Industrial Foundation Incorporated | 149 W Broadway, Council Bluffs, IA 51503-4355 | IA | 1958-09 | $15,906 |
| 12 | Wisconsin Business Development Finance Corporation | 100 River Pl1 Board Walkll, Monona, WI 53716 | WI | 1982-07 | $6,747,667 |
| 13 | Tri-County Council For Southern Maryland | PO BOX 745, Hughesville, MD 20637-0745 | MD | 1983-05 | $6,090,097 |
| 14 | City Urban Revitalization Corporation | 68-700 Avenida Lalo Guerrero, Cathedral City, CA 92234-1208 | CA | 2002-06 | $6,002,442 |
| 15 | Iron County Action Plan Committee | PO BOX 108, Ironton, MO 63650 | MO | 2000-02 | $5,517,378 |
| 16 | West Central Arkansas Planning & Development District Inc | PO BOX 6409, Hot Springs, AR 71902-6409 | AR | 1996-03 | $4,534,357 |
| 17 | Southwest Arkansas Planning & | 101 Harvey Couch Blvd, Magnolia, AR 71754 | AR | 1978-02 | $3,421,370 |
| 18 | Washington County Economic Development Partnership, Washington County Economic Development Inc | 20 E Beau Street, Washington, PA 15301 | PA | 2006-12 | $2,476,170 |
| 19 | The Resource Inc | PO BOX 36, North Eastham, MA 02651-0036 | MA | 1994-05 | $2,025,775 |
| 20 | La Cocina Inc | 2948 Folsom St, San Francisco, CA 94110-4028 | CA | 2007-08 | $1,958,553 |
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