Economic Growth Group Inc in Richmond, Indiana (IN)
Table of contents:
| Economic Growth Group Inc | |
| Employer Identification Number (EIN) | 351521309 |
| Name of Organization | Economic Growth Group Inc |
| Address | 33 S 7th St, Richmond, IN 47374-5463 |
| Activities | Other inner city or community benefit activities |
| Subsection | Charitable Organization |
| Ruling Date | 05/1982 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $455,239 |
| Amount of Income | $59,482 |
| Form 990 Revenue Amount | $59,482 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $59,482 (it was $22,816 in 2012)
| This organization: | $59,482 |
| Other organizations performing similar types of work: | $219,690 |
Assets in 2013: $455,239 (it was $406,132 in 2012)
| This organization: | $455,239 |
| Other organizations performing similar types of work: | $475,649 |
Expenses in 2013: $13,275
| This organization: | $13,275 |
| Other organizations performing similar types of work: | $225,641 |
Income to expenses ratio in 2013: 4.5
| Economic Growth Group Inc: | 4.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 96.9%
| This organization: | 96.9% |
| Other organizations performing similar types of work: | 35.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $59,482 | |||
| Contributions, gifts, grants, and similar amounts received | $57,625 | |||
| Program service revenue including government fees and contracts | $0 | |||
| Membership dues and assessments | $0 | |||
| Investment income | $1,857 | |||
| Gain/Loss from sale of assets other than inventory | $0 | |||
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | |||
| Other revenue | $0 | |||
| Total expenses | $13,275 | |||
| Total net assets | $440,389 | |||
| Excess/Deficit for the year | $46,207 | |||
| Net assets or fund balances at beginning of year | $394,182 | |||
| Other changes in net assets or fund balances | $0 | |||
| Net assets or fund balances at end of year | $440,389 | |||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $505,990 | $390,320 | $406,132 | $455,239 |
| Total liabilities | $8,950 | $11,575 | $11,950 | $14,850 |
| Net assets or fund balances | $440,389 | |||
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| 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 activities | No | |||
| Has the organization filed a Form 990-T for the year? | No | No | 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 | 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 | $779,175 |
| Subtotal Support | $779,175 |
| Gifts, grants, contributions, and membership fees received | $779,175 |
| 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 | $808,071 |
| Public Support | $779,175 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $28,896 |
| 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 | University Heights Science And Technology Park Inc | 65 Bergen Street, Newark, NJ 07107-3001 | NJ | 1993-09 | $1,678,020 |
| 2 | Southeast Ark Economic Development Dist Inc | PO BOX 6806, Pine Bluff, AR 71611-6806 | AR | 1978-01 | $6,823,915 |
| 3 | Self-Help Community Development Corp | 301 W Main St, Durham, NC 27701-3215 | NC | 1996-12 | $3,666,008 |
| 4 | South Central Kansas Economic Development District Inc Sckedd | 200 W Douglas Ave Ste 710, Wichita, KS 67202-3075 | KS | 1974-01 | $2,989,393 |
| 5 | Superior California Economic Development Inc | 350 Hartnell Ave Ste A, Redding, CA 96002-1875 | CA | 1995-07 | $2,395,022 |
| 6 | Tacolcy Economic Development Corporation Inc | 675 Nw 56th St Ste C, Miami, FL 33127-1569 | FL | 1983-01 | $2,292,829 |
| 7 | Real Estate Council Foundation | 5430 Lbj Freeway, Dallas, TX 75240-2601 | TX | 1994-07 | $2,089,137 |
| 8 | Staten Island Economic Development Corporation | 900 South Ave Ste 402, Staten Island, NY 10314-3429 | NY | 1994-03 | $1,657,591 |
| 9 | Transportation Choices Coalition, Alt-Trans | 219 1st Ave S Ste 420, Seattle, WA 98104-3415 | WA | 1993-11 | $1,318,219 |
| 10 | Rural Coalition | 1029 Vermont Ave Nw Ste 601, Washington, DC 20005-3842 | DC | 1998-08 | $1,122,799 |
| 11 | Village Alliance District Management Association Inc | 8 East 8th Street, New York, NY 10003-5915 | NY | 1994-11 | $1,065,643 |
| 12 | Sterling Today Inc | PO BOX 183, Sterling, IL 61081-0183 | IL | 1991-09 | $955,835 |
| 13 | Grant County Economic Growth Council Inc | 301 S Adams St, Marion, IN 46952-4012 | IN | 1984-12 | $848,512 |
| 14 | Huntington County United Economic Development Corporation | 8 W Market St, Huntington, IN 46750-2653 | IN | 1990-04 | $249,792 |
| 15 | Randolph County Community And Economic Development Foundation | 123 W Franklin St Rm 201, Winchester, IN 47394-1862 | IN | 1992-02 | $244,005 |
| 16 | Economic Growth Group Inc | 33 S 7th St, Richmond, IN 47374-5463 | IN | 1982-05 | $59,482 |
| 17 | Neighborhood Resources & Technical Services Corp, Neighborhood Resources Corporation | 217 S Michigan St, South Bend, IN 46601-2001 | IN | 1994-06 | $22,731 |
| 18 | Tipton County Economic Development Foundation Inc | 136 E Jefferson St, Tipton, IN 46072-1908 | IN | 1998-05 | $13,011 |
| 19 | Corporation For Entrepreneurial Development | 227 W Jefferson Blvd Ste 1200 S, South Bend, IN 46601-1830 | IN | 1992-03 | $11,946 |
| 20 | Converse Economic Development Corporation | PO BOX 339, Converse, IN 46919-0339 | IN | 1994-01 | $5,987 |
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