Spencer Main Street Company in Spencer, Iowa (IA)
Table of contents:
| Spencer Main Street Company | |
| Employer Identification Number (EIN) | 421301066 |
| Name of Organization | Spencer Main Street Company |
| Address | PO BOX 7937, Spencer, IA 51301-7937 |
| Activities | Area development, redevelopment of renewal, Described in section 509(a)(2) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 11/1988 |
| 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 | 03/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $132,993 |
| Amount of Income | $102,922 |
| Form 990 Revenue Amount | $102,922 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General) |
Non-representatives - add comments:
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $91,681 | $94,643 | $102,922 |
| Contributions, gifts, grants, and similar amounts received | $20,340 | $26,921 | $40,896 |
| Program service revenue including government fees and contracts | $58,372 | $58,544 | $53,482 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $476 | $115 | $162 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $12,112 | $9,040 | $7,280 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $12,112 | $9,040 | $7,280 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $381 | $23 | $1,102 |
| Total expenses | $78,330 | $81,992 | $74,417 |
| Total net assets | $90,989 | $103,640 | $132,148 |
| Excess/Deficit for the year | $13,351 | $12,651 | $28,505 |
| Net assets or fund balances at beginning of year | $77,638 | $90,989 | $103,643 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $103,640 | $132,148 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $91,529 | $103,976 | $132,993 |
| Total liabilities | $540 | $336 | $845 |
| Net assets or fund balances | $90,989 | $103,640 | $132,148 |
| 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 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $128,779 |
| Subtotal Support | $128,779 |
| Gifts, grants, contributions, and membership fees received | $128,779 |
| 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 | $130,986 |
| Public Support | $128,779 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,207 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $359,734 |
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| 1 | Kanawha Community Pool Inc | 220 W 6th St, Kanawha, IA 50447 | IA | 2008-08 | $42,841 |
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| 6 | Shelby County Developsource | 1901 Hawkeye Ave Ste 101, Harlan, IA 51537-2425 | IA | 2002-03 | $122,752 |
| 7 | Sioux Center Music Boosters Inc | 540 N Main Ave, Sioux Center, IA 51250-1824 | IA | 2004-08 | $54,991 |
| 8 | Sloan Community Recreation Corporation | PO BOX 425, Sloan, IA 51055-0425 | IA | 1969-10 | $81,030 |
| 9 | Southeast Iowa Symphony Assn | 601 N Main St, Mt Pleasant, IA 52641-1348 | IA | 1954-01 | $197,921 |
| 10 | Spahn & Rose Lumber Co Charitable Foundation | PO BOX 938, Dubuque, IA 52004-0938 | IA | 1976-06 | $322,613 |
| 11 | Spencer Main Street Company | PO BOX 7937, Spencer, IA 51301-7937 | IA | 1988-11 | $102,922 |
| 12 | St Joseph Education Foundation | 1015 6th Ave, De Witt, IA 52742-1332 | IA | 1989-01 | $127,723 |
| 13 | Stanwood Economic Development Corporation, S T E D C O | PO BOX 62, Stanwood, IA 52337-0062 | IA | 1999-12 | $358 |
| 14 | Sullivan Building Foundation Inc | 1610 E Nebraska St, Algona, IA 50511-3033 | IA | 1995-07 | $122,628 |
| 15 | Sunshine Circle Of Finley Hospital | 350 N Grandview Ave, Dubuque, IA 52001-6388 | IA | 1946-12 | $178,452 |
| 16 | The Alverno | 843 13th Ave N, Clinton, IA 52732-5115 | IA | 1946-03 | $5,394,753 |
| 17 | The@pat And Julia Koellner Family Charitable Trust, Julia Koellner Ttee | PO BOX 280, Fort Madison, IA 52627-0280 | IA | 2008-01 | $44,104 |
| 18 | Time For Tots Inc | 611 10th St, Harlan, IA 51537-1065 | IA | 1990-08 | $402,562 |
| 19 | Ulmer Family Foundation | 4855 Callaway Ct, Pleasant Hill, IA 50327-7068 | IA | 1999-10 | $10 |
| 20 | United Way Of Carroll Iowa | PO BOX 482, Carroll, IA 51401-0482 | IA | 1976-06 | $29,841 |
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