Downtown Mt Vernon Development Corporation, Dmdc in Mt Vernon, Illinois (IL)

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Downtown Mt Vernon Development Corporation, Dmdc
Employer Identification Number (EIN)611507024
Name of OrganizationDowntown Mt Vernon Development Corporation
Secondary NameDmdc
In Care of NameLaura thacker
Address809 Main Street, Mt Vernon, IL 62864
Websitehttp://downtownmtvernon.org
SubsectionCharitable Organization
Ruling Date11/2006
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$40,961
Amount of Income$129,270
Form 990 Revenue Amount$125,114
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2012: $129,270 (it was $125,114 in 2014)
This organization: 

 $129,270
Other organizations performing similar types of work: 

 $623,666

Assets in 2012: $40,961 (it was $40,961 in 2014)
This organization: 

 $40,961
Other organizations performing similar types of work: 

 $2,159,711

Expenses in 2014: $96,607
Downtown Mt Vernon Development Corporation, Dmdc: 

 $96,607
Other organizations performing similar types of work: 

 $483,294

Income to expenses ratio in 2014: 1.3
This organization: 

 1.3
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2014: 96.7%
This organization: 

 96.7%
Other organizations performing similar types of work: 

 28.9%

Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2014
Total revenue$125,114
Contributions, gifts, grants, and similar amounts received$120,963
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$-1,549
Gross income from gaming$0
Gross income from fundraising events$2,607
Less: direct expenses from gaming and fundraising events$4,156
Gross profit/loss from sales of inventory$0
Other revenue$5,700
Total expenses$96,607
Total net assets$39,501
Excess/Deficit for the year$28,507
Net assets or fund balances at beginning of year$10,994
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$39,501
Balance Sheets
2014
Total assets$40,961
Total liabilities$1,460
Net assets or fund balances$39,501
Other Information
2014
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?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 supported0
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$120,963
Subtotal Support$120,963
Gifts, grants, contributions, and membership fees received$120,963
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$129,270
Public Support$120,963
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
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$8,307
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Chicago Convention & Tourism Bureau Inc301 E Cermak Rd, Chicago, IL 60616-1578IL1971-08$28,052,215
2Somercor 504 Inc601 S La Salle St Ste 510, Chicago, IL 60605-1726IL1994-06$6,483,445
3Commercial Club Of Chicago21 S Clark St Ste 4301, Chicago, IL 60603-2022IL1929-02$4,145,489
4Southwestern Illinois Leadership Council200 University Park Dr Ste 240, Edwardsville, IL 62025-3649IL1983-08$1,313,136
5Spirit Of 76 IncPO BOX 1876, Junction City, KS 66441-6876KS1976-07$1,102,440
6Wisconsin Business Development Finance Corporation100 River Pl1 Board Walkll, Monona, WI 53716WI1982-07$6,747,667
7Tri-County Council For Southern MarylandPO BOX 745, Hughesville, MD 20637-0745MD1983-05$6,090,097
8City Urban Revitalization Corporation68-700 Avenida Lalo Guerrero, Cathedral City, CA 92234-1208CA2002-06$6,002,442
9Iron County Action Plan CommitteePO BOX 108, Ironton, MO 63650MO2000-02$5,517,378
10West Central Arkansas Planning & Development District IncPO BOX 6409, Hot Springs, AR 71902-6409AR1996-03$4,534,357
11Southwest Arkansas Planning &101 Harvey Couch Blvd, Magnolia, AR 71754AR1978-02$3,421,370
12Washington County Economic Development Partnership, Washington County Economic Development Inc20 E Beau Street, Washington, PA 15301PA2006-12$2,476,170
13The Resource IncPO BOX 36, North Eastham, MA 02651-0036MA1994-05$2,025,775
14La Cocina Inc2948 Folsom St, San Francisco, CA 94110-4028CA2007-08$1,958,553
15Chicago Manufacturing Center247 S State St Ste 1000, Chicago, IL 60604-1965IL1995-01$1,850,980
16Back Of The Yards Business Mens Association1751 West 47th Street 2nd Flr, Chicago, IL 60609IL1988-12$547,781
17Danville Foundation For Industrial Growth15 N Walnut St, Danville, IL 61832IL1996-01$416,400
18Jefferson County Development Corporation200 Potomac Blvd Ste 3, Mount Vernon, IL 62864-6750IL2006-10$245,426
19Downtown Mt Vernon Development Corporation, Dmdc809 Main Street, Mt Vernon, IL 62864IL2006-11$129,270
20Greater Northwest Chicago Development Corporation6600 W Armitage Ave, Chicago, IL 60707-3908IL1983-05$97,333
Number of organizations performing similar types of work
Alaska7
Alabama4
Arkansas8
Arizona5
California16
Colorado7
Connecticut3
District of Columbia3
Delaware3
Florida7
Georgia2
Iowa13
Idaho2
Illinois10
Indiana11
Kansas5
Kentucky8
Louisiana11
Massachusetts4
Maryland9
Maine3
Michigan11
Minnesota5
Missouri5
Mississippi5
Montana3
North Carolina13
North Dakota2
Nebraska3
New Hampshire3
New Jersey8
New Mexico2
New York18
Ohio10
Oklahoma2
Oregon1
Pennsylvania39
South Carolina5
South Dakota4
Tennessee3
Texas25
Utah3
Virginia8
Vermont5
Washington6
Wisconsin12
West Virginia6
International1
Total349

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