Taylorville Main Street Inc in Taylorville, Illinois (IL)
Table of contents:
Taylorville Main Street Inc | |
Employer Identification Number (EIN) | 371397101 |
Name of Organization | Taylorville Main Street Inc |
Address | PO BOX 526, Taylorville, IL 62568-0526 |
Subsection | Charitable Organization |
Ruling Date | 11/2001 |
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 | 04/2014 |
Assets | $25,000 to $99,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $32,020 |
Amount of Income | $57,860 |
Form 990 Revenue Amount | $40,220 |
National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $57,860 (it was $49,858 in 2013)
This organization: | $57,860 |
Other organizations performing similar types of work: | $135,279 |
Assets in 2014: $32,020 (it was $6,269 in 2013)
This organization: | $32,020 |
Other organizations performing similar types of work: | $114,906 |
Expenses in 2014: $14,694
Taylorville Main Street Inc: | $14,694 |
Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2014: 3.9
Taylorville Main Street Inc: | 3.9 |
Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 40.0%
Taylorville Main Street Inc: | 40.0% |
Other organizations performing similar types of work: | 8.8% |
Revenue for 2014
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total revenue | $13,881 | $25,332 | $40,220 |
Contributions, gifts, grants, and similar amounts received | $15,946 | $20,033 | $16,096 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $3,717 | $1,324 |
Investment income | $8 | $5 | $2 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $-2,073 | $1,577 | $22,798 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $43,771 | $26,103 | $40,438 |
Less: direct expenses from gaming and fundraising events | $45,844 | $24,526 | $17,640 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 |
Total expenses | $17,529 | $23,521 | $14,694 |
Total net assets | $4,088 | $5,899 | $31,425 |
Excess/Deficit for the year | $-3,648 | $1,811 | $25,526 |
Net assets or fund balances at beginning of year | $10,515 | $4,088 | $5,899 |
Other changes in net assets or fund balances | $-2,779 | $0 | $0 |
Net assets or fund balances at end of year | $5,899 | $31,425 |
Balance Sheets | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total assets | $4,944 | $6,269 | $32,020 |
Total liabilities | $856 | $370 | $595 |
Net assets or fund balances | $4,088 | $5,899 | $31,425 |
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: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
2010 - 2014 Total | |
---|---|
Public support | $100,223 |
Subtotal | $100,223 |
Gifts, grants, contributions, and membership fees received | $82,845 |
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $17,378 |
Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
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 |
Less | $0 |
Amounts received from disqualified persons | $0 |
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
Total support | $100,246 |
Public support | $100,223 |
Subtotal | $23 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $23 |
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income | $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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