Global Network Community Development Corp in Chicago, Illinois (IL)
Table of contents:
| Global Network Community Development Corp | |
| Employer Identification Number (EIN) | 680636226 |
| Name of Organization | Global Network Community Development Corp |
| In Care of Name | CATHERINE PALMER |
| Address | 4146 W Chicago Ave, Chicago, IL 60651 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2008 |
| 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 | 2011 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $178,010 |
| Amount of Income | $59,644 |
| Form 990 Revenue Amount | $59,644 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2011: $59,644 (it was $59,644 in 2013)
| This organization: | $59,644 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2011: $178,010 (it was $178,010 in 2013)
| This organization: | $178,010 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $59,705
| Global Network Community Development Corp: | $59,705 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.0
| Global Network Community Development Corp: | 1.0 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 100.0%
| Global Network Community Development Corp: | 100.0% |
| Other organizations performing similar types of work: | 8.8% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $55,235 | $59,644 |
| Contributions, gifts, grants, and similar amounts received | $55,235 | $59,644 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $56,056 | $59,705 |
| Total net assets | $193,867 | $177,981 |
| Excess/Deficit for the year | $-821 | $-61 |
| Net assets or fund balances at beginning of year | $5,688 | $193,867 |
| Other changes in net assets or fund balances | $189,000 | $-15,825 |
| Net assets or fund balances at end of year | $193,867 | $177,981 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $193,900 | $178,010 |
| Total liabilities | $33 | $29 |
| Net assets or fund balances | $193,867 | $177,981 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $41,291 |
| Subtotal Support | $41,291 |
| Gifts, grants, contributions, and membership fees received | $41,291 |
| 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 | $41,291 |
| Public Support | $41,291 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | Chicago Neighborhood Initiatives Inc | 1000 E 111th Street No 10 Flr, Chicago, IL 60628-4614 | IL | 2010-08 | $11,964,086 |
| 3 | Wessex 504 Corporation | 445 E North Water Street Suite 2703, Chicago, IL 60611 | IL | 2011-04 | $891,737 |
| 4 | Chicago Infrastructure Trust | 222 West Merchandise Mart Plaza, Chicago, IL 60654-1103 | IL | 2013-10 | $526,764 |
| 5 | Jasper County Economic Development Incorporated | 108 N Van Buren St, Newton, IL 62448 | IL | 2014-07 | $98,571 |
| 6 | Oregon Trail Days Festival, Oregon Trail Days | 500 N 4th St, Oregon, IL 61061-1229 | IL | 2011-06 | $87,393 |
| 7 | Taylorville Main Street Inc | PO BOX 526, Taylorville, IL 62568-0526 | IL | 2001-11 | $57,860 |
| 8 | West Bloomington Revitalization Project Corporation | 415 N Center, Bloomington, IL 61701 | IL | 2011-04 | $47,386 |
| 9 | Taylorville Development Association Inc | PO BOX 140, Taylorville, IL 62568-0140 | IL | 2007-05 | $46,590 |
| 10 | Greater Waukegan Development Coalition | 130 N Genesee St, Waukegan, IL 60085-4382 | IL | 2014-02 | $34,940 |
| 11 | Us Route 50 Four-Lane Coalition | 315 W Main St, Olney, IL 62450 | IL | 2008-05 | $25,250 |
| 12 | Lawndale Business Renaissance Association | 3333 W Arthington St Ste 120, Chicago, IL 60624-4278 | IL | 2014-05 | $16,000 |
| 13 | 1872 Nfp | 165 N Canal St Apt 1401, Chicago, IL 60606-1406 | IL | 2014-08 | $0 |
| 14 | Assets Chicago Nfp | 3948 W 26th St 213, Chicago, IL 60623 | IL | 2003-01 | $0 |
| 15 | Association Of Chicago Manufacturing Enterprises | 8831 Kenneth Terrace, Skokie, IL 60076 | IL | 2010-10 | $0 |
| 16 | Atlanta Betterment Fund Nfp | 2 Kenyon Ct, Bloomington, IL 61701-3320 | IL | 2013-06 | $0 |
| 17 | Belleville Community Development Corporation | Po Box 598, Belleville, IL 62222 | IL | 1999-11 | $0 |
| 18 | Bridge Investment Community Development Corporation | 100 19th St Ste 109, Rock Island, IL 61201-8022 | IL | 2015-03 | $0 |
| 19 | Center For Urban Transformation | 618 E 50th Place, Chicago, IL 60615 | IL | 2005-08 | $0 |
| 20 | Choose Dupage Economic Development Alliance Foundation | 2525 Cabot Drive 303, Lisle, IL 60532 | IL | 2013-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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