Holstein Development Authority in Holstein, Iowa (IA)
Table of contents:
| Holstein Development Authority | |
| Employer Identification Number (EIN) | 371642140 |
| Name of Organization | Holstein Development Authority |
| Address | PO BOX 500, Holstein, IA 51025-0500 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2015 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $20,487 |
| Amount of Income | $4,000 |
| Form 990 Revenue Amount | $4,000 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $4,000 (it was $4,000 in 2013)
| This organization: | $4,000 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2014: $20,487 (it was $20,550 in 2013)
| Holstein Development Authority: | $20,487 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $13,925
| This organization: | $13,925 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 0.3
| This organization: | 0.3 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 0.0%
| Holstein Development Authority: | 0.0% |
| Other organizations performing similar types of work: | 8.8% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $13,545 | $17,038 | $4,000 |
| Contributions, gifts, grants, and similar amounts received | $4,500 | $6,000 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $45 | $38 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $9,000 | $11,000 | $4,000 |
| Total expenses | $3,690 | $24,210 | $13,925 |
| Total net assets | $9,855 | $2,683 | $-17,096 |
| Excess/Deficit for the year | $9,855 | $-7,172 | $-9,925 |
| Net assets or fund balances at beginning of year | $0 | $9,855 | $-7,171 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $9,855 | $2,683 | $-17,096 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $55,386 | $28,214 | $20,550 |
| Total liabilities | $45,531 | $25,531 | $37,646 |
| Net assets or fund balances | $9,855 | $2,683 | $-17,096 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 |
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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 |
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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