Freeport Downtown Development Inc in Freeport, Illinois (IL)
Table of contents:
| Freeport Downtown Development Inc | |
| Employer Identification Number (EIN) | 364250183 |
| Name of Organization | Freeport Downtown Development Inc |
| In Care of Name | Mercantile Bank Attn Ken Long |
| Address | 27 W Stephenson St, Freeport, IL 61032-4219 |
| Subsection | Charitable Organization |
| Ruling Date | 01/1999 |
| 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 | 09/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $102,143 |
| Amount of Income | $161,603 |
| Form 990 Revenue Amount | $161,603 |
| 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 | $132,933 | $135,385 | $161,603 |
| Contributions, gifts, grants, and similar amounts received | $61,144 | $50,508 | $50,000 |
| Program service revenue including government fees and contracts | $71,712 | $84,785 | $111,474 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $77 | $67 | $29 |
| Gain/Loss from sale of assets other than inventory | $0 | $25 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $100 |
| Total expenses | $133,365 | $115,799 | $151,077 |
| Total net assets | $69,752 | $89,338 | $99,864 |
| Excess/Deficit for the year | $-432 | $19,586 | $10,526 |
| Net assets or fund balances at beginning of year | $70,184 | $69,752 | $89,338 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $89,338 | $99,864 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $70,008 | $89,338 | $102,143 |
| Total liabilities | $256 | $0 | $2,279 |
| Net assets or fund balances | $69,752 | $89,338 | $99,864 |
| 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 | $280,976 |
| Subtotal Support | $280,976 |
| Gifts, grants, contributions, and membership fees received | $280,976 |
| 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 | $281,865 |
| Public Support | $280,976 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $889 |
| 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. | $111,474 |
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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Freedom To Read Foundation | 50 E Huron St, Chicago, IL 60611-2729 | IL | 1972-05 | $378,509 |
| 2 | Freedom West Development Corporation | 3500 Preston St, Rockford, IL 61102-5500 | IL | 2001-09 | $1,030 |
| 3 | Freeman Family Fund | 135 S Lasalle St Il4-135-14-19, Chicago, IL 60603 | IL | 1998-08 | $52,042 |
| 4 | Freeport Aquatic Swim Team | PO BOX 572, Freeport, IL 61032-0572 | IL | 1979-11 | $50,799 |
| 5 | Freeport Area Church Cooperative | 514 S Chicago Ave, Freeport, IL 61032-5618 | IL | 1973-11 | $552,954 |
| 6 | Freeport Area Economic Development Foundation | 27 W Stephenson St, Freeport, IL 61032-4219 | IL | 1985-09 | $291,466 |
| 7 | Freeport Arts Center | 121 N Harlem Ave, Freeport, IL 61032-3845 | IL | 1976-06 | $246,594 |
| 8 | Freeport Chapt 548 Women Of The Moose | Po Box 756, Freeport, IL 61032 | IL | 1935-08 | $0 |
| 9 | Freeport Community Foundation | 524 W Stephenson St Ste 102, Freeport, IL 61032-5003 | IL | 2014-08 | $1,556,102 |
| 10 | Freeport Community Public School Fund Inc | 1861 Indian Springs Ct, Freeport, IL 61032-7129 | IL | 1985-04 | $422,298 |
| 11 | Freeport Downtown Development Inc | 27 W Stephenson St, Freeport, IL 61032-4219 | IL | 1999-01 | $161,603 |
| 12 | Freeport Jaycees | Po Box 635, Freeport, IL 61032 | IL | 1973-11 | $10,120 |
| 13 | Freeport Lodge No 162 Loyal Order Of Moose, 162 | 601 E South St, Freeport, IL 61032-9677 | IL | 1935-08 | $305,563 |
| 14 | Freeport Memorial Gardens General Care Fund -6-T/A-205- | PO BOX 540, Freeport, IL 61032-0540 | IL | 1966-11 | $126,188 |
| 15 | Freeport Memorial Gardens Inc | 2514 Il Route 26 S, Freeport, IL 61032-9329 | IL | 1954-06 | $475,407 |
| 16 | Freeport Memorial Gardens Memorial Care Fund-6-T/A-206- | PO BOX 540, Freeport, IL 61032-0540 | IL | 1966-11 | $88,578 |
| 17 | Freeport Pregnancy Center | 222 West Exchange Street, Freeport, IL 61032-4143 | IL | 1996-01 | $106,746 |
| 18 | Freeport Public Library Foundation | 100 E Douglas St, Freeport, IL 61032-4116 | IL | 1995-03 | $180,282 |
| 19 | Freeport Regional Management Services Inc, Family Medical Associates | 1045 W Stephenson St, Freeport, IL 61032-4864 | IL | 1997-11 | $0 |
| 20 | Freeport Rotary Foundation Inc | PO BOX 208, Freeport, IL 61032-0208 | IL | 2003-06 | $26,789 |
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