Mitchell County Economic in Osage, Iowa (IA)
Table of contents:
| Mitchell County Economic | |
| Employer Identification Number (EIN) | 421515842 |
| Name of Organization | Mitchell County Economic |
| In Care of Name | Lowell Tesch |
| Address | 509 State St, Osage, IA 50461-1249 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $228,194 |
| Amount of Income | $162,419 |
| Form 990 Revenue Amount | $162,419 |
Non-representatives - add comments:
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $330,621 | $147,289 | $162,419 |
| Contributions, gifts, grants, and similar amounts received | $240,750 | $31,375 | $24,900 |
| Program service revenue including government fees and contracts | $9,873 | $0 | $0 |
| Membership dues and assessments | $65,538 | $91,100 | $97,022 |
| Investment income | $191 | $121 | $1,724 |
| 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 | $14,269 | $24,693 | $38,773 |
| Total expenses | $142,789 | $162,845 | $148,996 |
| Total net assets | $230,327 | $214,771 | $228,194 |
| Excess/Deficit for the year | $187,832 | $-15,556 | $13,423 |
| Net assets or fund balances at beginning of year | $42,495 | $230,327 | $214,771 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $214,771 | $228,194 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $230,327 | $294,771 | $228,194 |
| Total liabilities | $0 | $80,000 | $0 |
| Net assets or fund balances | $230,327 | $214,771 | $228,194 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $749,710 |
| Subtotal | $749,710 |
| Gifts, grants, contributions, and membership fees received | $727,797 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 | $21,913 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $871,023 |
| Public support | $749,710 |
| Subtotal | $2,294 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,294 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $119,019 |
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| Other organizations in Iowa | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mississippi Valley Quilters Guild, Mvqg | Po Box2636, Davenport, IA 52809-2636 | IA | 1984-06 | $0 |
| 2 | Mississippi Valley School Tuitionorganization Inc | 1020 W Cntl Park Ave, Davenport, IA 52804-1804 | IA | 2006-08 | $763,600 |
| 3 | Eastern Iowa All Stars | PO BOX 2668, Davenport, IA 52809-2668 | IA | 2007-07 | $117,358 |
| 4 | Mississippi Walleye Club | 440 Burch St, Dubuque, IA 52001 | IA | 2000-12 | $14,073 |
| 5 | Missouri River Boat Club | 4530 Perry Way, Sioux City, IA 51104 | IA | 2007-04 | $0 |
| 6 | Missouri River Historical Develop- Ment Inc | PO BOX 131, Salix, IA 51052-0131 | IA | 1991-01 | $576,664 |
| 7 | Missouri Valley Community Foundation | 100 S 4th St Ste B, Missouri Vly, IA 51555-1672 | IA | 1998-04 | $7,475 |
| 8 | Missouri Valley Housing Corporation Mvhc | 100 N 6th, Missouri Valley, IA 51555-1764 | IA | 1992-01 | $112,326 |
| 9 | Missouri Valley Line Constructors Apprenticeship Training | 1707 N 14th St, Indianola, IA 50125-1587 | IA | 2008-04 | $4,346,577 |
| 10 | Mitchell County Agricultural Society | 2597 410th St, Little Cedar, IA 50454-8501 | IA | 1940-08 | $171,654 |
| 11 | Mitchell County Economic | 509 State St, Osage, IA 50461-1249 | IA | 2001-10 | $162,419 |
| 12 | Mitchell County Historical Society | PO BOX 51, Osage, IA 50461-0051 | IA | 1963-10 | $115,346 |
| 13 | Mitchell County Memorial Foundation Inc, C-O Administrator | 616 N 8th St, Osage, IA 50461-1456 | IA | 1992-02 | $32,405 |
| 14 | Mitchellville Community Center Inc | Po Box 15, Mitchellville, IA 50169 | IA | 1995-09 | $0 |
| 15 | Mitchellville Public Library Foundation | Po Box 85, Mitchellville, IA 50169 | IA | 2005-01 | $0 |
| 16 | Mmsc Foundation | 3 S 4th Ave, Marshalltown, IA 50158-2924 | IA | 1992-12 | $775,221 |
| 17 | Mobile Meals Inc | 422 Main St, Rockwell City, IA 50579-1419 | IA | 1985-05 | $60,610 |
| 18 | Mobile Meals United Inc | PO BOX 1111, Clinton, IA 52733-1111 | IA | 1971-10 | $86,763 |
| 19 | Mobile Riverine Forces Association | 1857 Co Rd A14, Decorah, IA 52101 | IA | 1993-02 | $116,348 |
| 20 | Mohon Family Foundation | 1400 Lincoln Towers Cir, Marshalltown, IA 50158-3780 | IA | 1998-11 | $540,368 |
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