Downtown Hays Development Corporation in Hays, Kansas (KS)
Table of contents:
| Downtown Hays Development Corporation | |
| Employer Identification Number (EIN) | 431896171 |
| Name of Organization | Downtown Hays Development Corporation |
| In Care of Name | Traci Konrade |
| Address | 2700 Vine St, Hays, KS 67601-1926 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2014 |
| 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 | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $97,849 |
| Amount of Income | $146,404 |
| Form 990 Revenue Amount | $92,009 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $146,404 (it was $144,287 in 2012)
| This organization: | $146,404 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $97,849 (it was $89,817 in 2012)
| Downtown Hays Development Corporation: | $97,849 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $84,526
| This organization: | $84,526 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.7
| Downtown Hays Development Corporation: | 1.7 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 80.8%
| This organization: | 80.8% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $86,069 | $99,890 | $92,009 |
| Contributions, gifts, grants, and similar amounts received | $70,204 | $67,230 | $74,355 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $15,441 | $32,498 | $17,229 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $41,048 | $76,895 | $71,624 |
| Less: direct expenses from gaming and fundraising events | $25,607 | $44,397 | $54,395 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $424 | $162 | $425 |
| Total expenses | $64,037 | $81,515 | $84,526 |
| Total net assets | $69,585 | $88,194 | $95,677 |
| Excess/Deficit for the year | $22,032 | $18,375 | $7,483 |
| Net assets or fund balances at beginning of year | $47,553 | $69,585 | $88,194 |
| Other changes in net assets or fund balances | $0 | $234 | $0 |
| Net assets or fund balances at end of year | $88,194 | $95,677 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $69,833 | $89,817 | $97,849 |
| Total liabilities | $248 | $1,623 | $2,172 |
| Net assets or fund balances | $69,585 | $88,194 | $95,677 |
| Other Information | |||
| 2011 | 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 | 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 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 | $359,837 |
| Subtotal Support | $359,837 |
| Gifts, grants, contributions, and membership fees received | $356,988 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $2,849 |
| 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 | $359,837 |
| Public Support | $359,837 |
| 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. | $82,885 |
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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 | Argentine Betterment Corporation | Po Box 6613, Kansas City, KS 66106 | KS | 2010-07 | $1,947,454 |
| 3 | Wakarusa Valley Development Inc | 4321 W 6th Street Suite B, Lawrence, KS 66049-3692 | KS | 2000-06 | $300,847 |
| 4 | Stafford County Economic Development Inc | 310 E 3rd Courthouse Annex, St John, KS 67576 | KS | 2013-01 | $268,372 |
| 5 | Smoky Solomon Resource Enhancement Inc | 119b S Pennsylvania Ave, Ness City, KS 67560-1907 | KS | 2002-07 | $150,784 |
| 6 | Chanute Regional Development Authority Inc | 1 S Lincoln Ave, Chanute, KS 66720-2429 | KS | 2013-12 | $123,109 |
| 7 | Governors Annual One Shot Turkey Hunt Inc | 200 S Main St Ste 2, El Dorado, KS 67042-3415 | KS | 2011-05 | $115,466 |
| 8 | Kiowa County Economic Development Inc | Rural Route, Mullinville, KS 67109 | KS | 2009-03 | $91,113 |
| 9 | Altamont Community Improvement Association | 1290 HUSTON PO BOX 144, Altamont, KS 67330 | KS | 2012-03 | $87,559 |
| 10 | 27 Committee Inc | 1100 N 4th Street, Leavenworth, KS 66048 | KS | 2013-11 | $51,020 |
| 11 | Southeast Kansas Prosperity Foundation Inc | 1701 S Broadway Shirk Hall, Pittsburg, KS 66762 | KS | 2007-01 | $35,653 |
| 12 | Southwest Passage Initiative For Regional And Interstate Tra | PO BOX 158, Liberal, KS 67905-0158 | KS | 2008-04 | $28,867 |
| 13 | Baldwin City Economic Development Corp | 802 Ames, Baldwin City, KS 66006 | KS | 2009-01 | $0 |
| 14 | Edwards County Community Development Foundation | Po Box 161, Kinsley, KS 67547 | KS | 2011-03 | $0 |
| 15 | Elk City Kansas Pride Inc | PO BOX 4, Elk City, KS 67344-0004 | KS | 1997-06 | $0 |
| 16 | First City Development Corporation | 100 S 5th Street, Leavenworth, KS 66048 | KS | 2014-02 | $0 |
| 17 | Hodgeman County Economic Development Inc | Po Box 121, Jetmore, KS 67854 | KS | 2001-05 | $0 |
| 18 | Innovative Technologies Development Foundation Inc | 8527 Bluejacket St, Lenexa, KS 66214 | KS | 2004-08 | $0 |
| 19 | Kansas Blue Hills Foundation | 202 S 4th St, Osborne, KS 67473-1925 | KS | 2005-01 | $0 |
| 20 | L A B S Inc | 1740 South Fabrique, Wichita, KS 67208 | KS | 2007-03 | $0 |
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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