Main Street Adel Chamber Of Commerce Inc in Adel, Iowa (IA)
Table of contents:
| Main Street Adel Chamber Of Commerce Inc | |
| Employer Identification Number (EIN) | 421385860 |
| Name of Organization | Main Street Adel Chamber Of Commerce Inc |
| Address | PO BOX 73, Adel, IA 50003-0073 |
| Activities | Area development, redevelopment of renewal, Other activity aimed t combating community deterioration, Community promotion |
| Subsection | Charitable Organization |
| Ruling Date | 01/1995 |
| 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 | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $61,699 |
| Amount of Income | $116,800 |
| Form 990 Revenue Amount | $73,898 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $116,800 (it was $63,640 in 2013)
| Main Street Adel Chamber Of Commerce Inc: | $116,800 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2014: $61,699 (it was $87,178 in 2013)
| This organization: | $61,699 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2013: $59,517
| This organization: | $59,517 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2013: 2.0
| This organization: | 2.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 67.8%
| Main Street Adel Chamber Of Commerce Inc: | 67.8% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $73,160 | $54,024 | $63,640 |
| Contributions, gifts, grants, and similar amounts received | $53,835 | $45,050 | $43,170 |
| Program service revenue including government fees and contracts | $0 | $0 | $3,400 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $13 | $15 | $38 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $18,776 | $8,959 | $16,912 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $73,696 | $68,779 | $61,093 |
| Less: direct expenses from gaming and fundraising events | $54,920 | $59,820 | $44,181 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $536 | $0 | $120 |
| Total expenses | $52,639 | $60,673 | $59,517 |
| Total net assets | $62,395 | $51,295 | $55,363 |
| Excess/Deficit for the year | $20,521 | $-6,649 | $4,123 |
| Net assets or fund balances at beginning of year | $41,874 | $62,395 | $51,295 |
| Other changes in net assets or fund balances | $0 | $-4,451 | $-55 |
| Net assets or fund balances at end of year | $51,295 | $55,363 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $75,340 | $64,354 | $87,178 |
| Total liabilities | $12,945 | $13,059 | $31,815 |
| Net assets or fund balances | $62,395 | $51,295 | $55,363 |
| 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 | $235,708 |
| Subtotal Support | $235,708 |
| Gifts, grants, contributions, and membership fees received | $235,708 |
| 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 | $369,491 |
| Public Support | $235,708 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $391 |
| 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 | $133,392 |
| Gross receipts from related activities, etc. | $120 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Uptown Columbus Inc | PO BOX 1237, Columbus, GA 31902-1237 | GA | 1985-04 | $12,826,789 |
| 2 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
| 3 | Pottawattamie County Development Corporation | 149 W Broadway, Council Bluffs, IA 51503-4355 | IA | 1997-05 | $916,394 |
| 4 | The Ottumwa Property And Redevelopment Company | 217 E Main St, Ottumwa, IA 52501-2917 | IA | 1995-03 | $865,871 |
| 5 | Cedar Skyline Corporation | 212 E 4th St, Waterloo, IA 50703-4702 | IA | 1988-09 | $519,872 |
| 6 | Fort Madison Economic Development Corporation | PO BOX 427, Fort Madison, IA 52627-0427 | IA | 1988-01 | $208,764 |
| 7 | Shell Rock Development Corporation, C-O Bruce J Toenjes | PO BOX 430, Shell Rock, IA 50670-0430 | IA | 1993-06 | $132,374 |
| 8 | Nevada Economic Development Council Inc | PO BOX 157, Nevada, IA 50201-0157 | IA | 1992-06 | $131,174 |
| 9 | Main Street Adel Chamber Of Commerce Inc | PO BOX 73, Adel, IA 50003-0073 | IA | 1995-01 | $116,800 |
| 10 | Albia Industrial Development Corporation | 1 Benton Ave W, Albia, IA 52531-1914 | IA | 1994-02 | $115,574 |
| 11 | Jackson County Economic Development Commission | 60499 Hwy 64, Sabula, IA 52070 | IA | 1994-10 | $63,312 |
| 12 | Wayne County Development Corporation | Po Box 435, Corydon, IA 50060 | IA | 1995-05 | $27,445 |
| 13 | Waverly Economic Development Co | 118 E Bremer Ave, Waverly, IA 50677-3432 | IA | 1986-10 | $24,130 |
| 14 | Morning Sun Development Corp C/O Leroy K Pierce President | PO BOX 555, Morning Sun, IA 52640-0555 | IA | 1996-10 | $17,266 |
| 15 | Regional Economic Development Investments Inc | PO BOX 1110, Ottumwa, IA 52501-7110 | IA | 1993-02 | $16,664 |
| 16 | Lytton Betterment Committee Inc | PO BOX 229, Lytton, IA 50561-0229 | IA | 1998-10 | $15,470 |
| 17 | Golden Circle Center For Business Development | 2010 S Ankeny Blvd, Ankeny, IA 50023-8995 | IA | 1985-12 | $0 |
| 18 | Main Street Of Burlington | 610 N 4th St Ste 210, Burlington, IA 52601-5069 | IA | 1988-03 | $0 |
| 19 | Rowan Community Endowment Foundation | 2011 Thompson Ave, Rowan, IA 50470-7503 | IA | 1991-02 | $0 |
| 20 | Townscape 2000 | PO BOX 550, Centerville, IA 52544-0550 | IA | 1998-05 | $0 |
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