Converse Economic Development Corporation in Converse, Indiana (IN)

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Converse Economic Development Corporation
Employer Identification Number (EIN)351892408
Name of OrganizationConverse Economic Development Corporation
In Care of NameRobert M Larrison
AddressPO BOX 339, Converse, IN 46919-0339
ActivitiesArea development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date01/1994
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 Period12/2013
Assets$25,000 to $99,999
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$25,267
Amount of Income$5,987
Form 990 Revenue Amount$5,987
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2013: $5,987 (it was $6,282 in 2012)
This organization: 

 $5,987
Other organizations performing similar types of work: 

 $219,690

Assets in 2013: $25,267 (it was $27,532 in 2012)
This organization: 

 $25,267
Other organizations performing similar types of work: 

 $475,649

Expenses in 2013: $2,265
Converse Economic Development Corporation: 

 $2,265
Other organizations performing similar types of work: 

 $225,641

Income to expenses ratio in 2013: 2.6
Converse Economic Development Corporation: 

 2.6
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: -,nan,(ind)%
Converse Economic Development Corporation: 

 -,nan,(ind)%
Other organizations performing similar types of work: 

 35.8%

Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$5,987$6,282$0
Total expenses$2,681$11,003$2,265
Total net assets$32,253$27,532$25,267
Excess/Deficit for the year$3,306$-4,721$-2,265
Net assets or fund balances at beginning of year$28,947$32,253$27,532
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$27,532$25,267
Balance Sheets
201120122013
Total assets$32,253$27,532$25,267
Total liabilities$0$0$0
Net assets or fund balances$32,253$27,532$25,267
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 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 2009 - 2013)
2009 - 2013 Total
Public Support$22,000
Subtotal Support$22,000
Gifts, grants, contributions, and membership fees received$22,000
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$23,719
Public Support$22,000
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,719
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
IdNameAddressStateEstablishedTotal Income
1University Heights Science And Technology Park Inc65 Bergen Street, Newark, NJ 07107-3001NJ1993-09$1,678,020
2Southeast Ark Economic Development Dist IncPO BOX 6806, Pine Bluff, AR 71611-6806AR1978-01$6,823,915
3Self-Help Community Development Corp301 W Main St, Durham, NC 27701-3215NC1996-12$3,666,008
4South Central Kansas Economic Development District Inc Sckedd200 W Douglas Ave Ste 710, Wichita, KS 67202-3075KS1974-01$2,989,393
5Superior California Economic Development Inc350 Hartnell Ave Ste A, Redding, CA 96002-1875CA1995-07$2,395,022
6Tacolcy Economic Development Corporation Inc675 Nw 56th St Ste C, Miami, FL 33127-1569FL1983-01$2,292,829
7Real Estate Council Foundation5430 Lbj Freeway, Dallas, TX 75240-2601TX1994-07$2,089,137
8Staten Island Economic Development Corporation900 South Ave Ste 402, Staten Island, NY 10314-3429NY1994-03$1,657,591
9Transportation Choices Coalition, Alt-Trans219 1st Ave S Ste 420, Seattle, WA 98104-3415WA1993-11$1,318,219
10Rural Coalition1029 Vermont Ave Nw Ste 601, Washington, DC 20005-3842DC1998-08$1,122,799
11Village Alliance District Management Association Inc8 East 8th Street, New York, NY 10003-5915NY1994-11$1,065,643
12Sterling Today IncPO BOX 183, Sterling, IL 61081-0183IL1991-09$955,835
13Grant County Economic Growth Council Inc301 S Adams St, Marion, IN 46952-4012IN1984-12$848,512
14Huntington County United Economic Development Corporation8 W Market St, Huntington, IN 46750-2653IN1990-04$249,792
15Randolph County Community And Economic Development Foundation123 W Franklin St Rm 201, Winchester, IN 47394-1862IN1992-02$244,005
16Economic Growth Group Inc33 S 7th St, Richmond, IN 47374-5463IN1982-05$59,482
17Neighborhood Resources & Technical Services Corp, Neighborhood Resources Corporation217 S Michigan St, South Bend, IN 46601-2001IN1994-06$22,731
18Tipton County Economic Development Foundation Inc136 E Jefferson St, Tipton, IN 46072-1908IN1998-05$13,011
19Corporation For Entrepreneurial Development227 W Jefferson Blvd Ste 1200 S, South Bend, IN 46601-1830IN1992-03$11,946
20Converse Economic Development CorporationPO BOX 339, Converse, IN 46919-0339IN1994-01$5,987
Number of organizations performing similar types of work
Alaska2
Alabama1
Arkansas4
Arizona2
California12
Colorado2
Connecticut3
District of Columbia3
Delaware1
Florida7
Georgia2
Hawaii1
Iowa6
Illinois5
Indiana8
Kansas5
Louisiana3
Massachusetts5
Maryland6
Maine4
Michigan8
Minnesota9
Missouri9
Mississippi2
Montana1
North Carolina13
North Dakota2
Nebraska4
New Hampshire3
New Jersey5
New Mexico4
New York23
Ohio9
Oklahoma1
Oregon4
Pennsylvania12
Rhode Island1
South Carolina5
South Dakota2
Tennessee4
Texas11
Utah2
Virginia1
Vermont1
Washington3
Wisconsin8
West Virginia5
Wyoming1
Total235

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