Mt Vernon Industrial Foundation Inc, Posey County Economic Development Partnership Inc in Mount Vernon, Indiana (IN)

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Mt Vernon Industrial Foundation Inc, Posey County Economic Development Partnership Inc
Employer Identification Number (EIN)351691299
Name of OrganizationMt Vernon Industrial Foundation Inc
Secondary NamePosey County Economic Development Partnership Inc
In Care of NameSally Denning
Address915 E Fourth Street Po Box 633, Mount Vernon, IN 47620
ActivitiesAttracting new industry or retaining industry in an area
SubsectionBusiness League
Ruling Date03/1991
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2007
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$235,418
Amount of Income$145,704
Form 990 Revenue Amount$145,704


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$145,704
Contributions, gifts, grants, and similar amounts received$145,476
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$228
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$123,572
Total net assets$235,418
Excess/Deficit for the year$22,132
Net assets or fund balances at beginning of year$213,286
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$235,418
Balance Sheets
201120122013
Total assets$139,349$213,286$235,418
Total liabilities$0$0$0
Net assets or fund balances$235,418
Other Information
201120122013
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 activitiesNo
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?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?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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