Downtown Danville Inc in Danville, Illinois (IL)
Table of contents:
| Downtown Danville Inc | |
| Employer Identification Number (EIN) | 371136476 |
| Name of Organization | Downtown Danville Inc |
| Address | 149 N Vermilion St, Danville, IL 61832-4751 |
| Activities | Other inner city or community benefit activities |
| Subsection | Charitable Organization |
| Ruling Date | 04/1984 |
| 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 | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $109,386 |
| Amount of Income | $164,839 |
| Form 990 Revenue Amount | $80,989 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $164,839 (it was $152,068 in 2012)
| This organization: | $164,839 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $109,386 (it was $125,123 in 2012)
| Downtown Danville Inc: | $109,386 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2013: $97,514
| Downtown Danville Inc: | $97,514 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2013: 1.7
| Downtown Danville Inc: | 1.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 87.7%
| Downtown Danville Inc: | 87.7% |
| 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 | $94,066 | $68,302 | $80,989 |
| Contributions, gifts, grants, and similar amounts received | $83,154 | $64,179 | $71,062 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $3,629 | $5,405 | $7,204 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $7,283 | $-2,291 | $1,255 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $61,463 | $81,475 | $85,105 |
| Less: direct expenses from gaming and fundraising events | $54,180 | $83,766 | $83,850 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $1,009 | $1,468 |
| Total expenses | $95,293 | $80,060 | $97,514 |
| Total net assets | $134,862 | $123,104 | $106,579 |
| Excess/Deficit for the year | $-1,227 | $-11,758 | $-16,525 |
| Net assets or fund balances at beginning of year | $136,089 | $134,862 | $123,104 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $123,104 | $106,579 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $135,681 | $125,123 | $109,386 |
| Total liabilities | $819 | $2,019 | $2,807 |
| Net assets or fund balances | $134,862 | $123,104 | $106,579 |
| 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 | $400,387 |
| Subtotal Support | $400,387 |
| Gifts, grants, contributions, and membership fees received | $400,387 |
| 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 | $424,035 |
| Public Support | $400,387 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $21,171 |
| 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 | $2,477 |
| Gross receipts from related activities, etc. | $0 |
| Unrelated Trade or Business Income (for 2009) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $2,090 | $2,090 | $0 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $2,090 | $2,090 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2009) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $0 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $0 |
| Specific deduction | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Bean Capital Development Co Inc | 368 East Simpson Drive, Wayne City, IL 62895 | IL | 1983-06 | $29,503 |
| 2 | Berwyn Development Corporation | 3322 S Oak Park Ave 2nd Floor, Berwyn, IL 60402-3407 | IL | 1988-08 | $1,396,848 |
| 3 | Jewish Council On Urban Affairs | 610 S Michigan Avenue Ste 500, Chicago, IL 60605-1901 | IL | 1966-06 | $1,095,289 |
| 4 | Greater Sterling Development Corp | 1741 Industrial Dr, Sterling, IL 61081-9290 | IL | 1990-10 | $870,209 |
| 5 | Far South Cdc | 11509 S Elizabeth St, Chicago, IL 60643-5115 | IL | 1980-07 | $722,286 |
| 6 | Fuller Park Community Development Corporation | 4417 S Stewart Ave, Chicago, IL 60609-3622 | IL | 1995-09 | $388,315 |
| 7 | Freeport Area Economic Development Foundation | 27 W Stephenson St, Freeport, IL 61032-4219 | IL | 1985-09 | $291,466 |
| 8 | Westside Business Improvement Association Inc Wbia | 5427 W Madison St, Chicago, IL 60644-4030 | IL | 1985-01 | $67,690 |
| 9 | Urban Innovation Analysis Inc | 1126 E 59th St Rm/Ste 322, Chicago, IL 60637-1580 | IL | 1985-09 | $61,043 |
| 10 | Westwood Community Development Corporation | 140 W 81st Street, Chicago, IL 60620 | IL | 1993-11 | $50,000 |
| 11 | Seventh Street Area Development Council Inc | 701 7th St, Rockford, IL 61104-1305 | IL | 1996-11 | $35,407 |
| 12 | United Center Community Business Development Fund | 1901 W Madison St, Chicago, IL 60612-2459 | IL | 1997-03 | $294 |
| 13 | Chicago Eruv Inc | 3050 W Touhy, Chicago, IL 60645 | IL | 1993-03 | $0 |
| 14 | Confluence Community Development Inc | 411-14th Street Pob 648, Cairo, IL 62914 | IL | 1987-12 | $0 |
| 15 | Institute Of Urban Life | 5555 N Sheridan Rd Apt 903, Chicago, IL 60640-1622 | IL | 1964-07 | $0 |
| 16 | Lockport Area Development Commission Inc | 222 E Ninth St, Lockport, IL 60441-3464 | IL | 1981-03 | $0 |
| 17 | Mount Zion Area Economic Development Corporation | 1400 Mt Zion Parkway, Mt Zion, IL 62549 | IL | 1995-03 | $0 |
| 18 | Southwestern Illinois Development Foundation | 200 University Park Drive Suite 240 Room/Suite 240, Edwardsville, IL 62025-3536 | IL | 1985-06 | $0 |
| 19 | Sterling 2000 | 1405 2nd Ave, Sterling, IL 61081-2330 | IL | 1997-11 | $0 |
| 20 | Woodstock Economic Development Corp | PO BOX 670, Woodstock, IL 60098-0670 | IL | 1994-12 | $0 |
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