Frankfort Avenue Business Corporation in Louisville, Kentucky (KY)
Table of contents:
| Frankfort Avenue Business Corporation | |
| Employer Identification Number (EIN) | 611247540 |
| Name of Organization | Frankfort Avenue Business Corporation |
| Address | 2117 Payne St, Louisville, KY 40206-2011 |
| Activities | Area development, redevelopment of renewal |
| Subsection | Board of Trade |
| Ruling Date | 12/2002 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $34,304 |
| Amount of Income | $82,392 |
| Form 990 Revenue Amount | $82,392 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Promotion of Business |
Non-representatives - add comments:
Amount of income in 2014: $82,392 (it was $67,223 in 2013)
| This organization: | $82,392 |
| Other organizations performing similar types of work: | $88,861 |
Assets in 2014: $34,304 (it was $29,654 in 2013)
| Frankfort Avenue Business Corporation: | $34,304 |
| Other organizations performing similar types of work: | $51,691 |
Expenses in 2014: $77,732
| This organization: | $77,732 |
| Other organizations performing similar types of work: | $80,127 |
Income to expenses ratio in 2014: 1.1
| Frankfort Avenue Business Corporation: | 1.1 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2014: 42.5%
| This organization: | 42.5% |
| Other organizations performing similar types of work: | 1.0% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $77,649 | $82,613 | $67,223 | $82,392 |
| Contributions, gifts, grants, and similar amounts received | $8,240 | $24,100 | $25,000 | $35,000 |
| Program service revenue including government fees and contracts | $58,231 | $49,376 | $32,858 | $15,277 |
| Membership dues and assessments | $11,159 | $9,019 | $9,300 | $32,100 |
| Investment income | $19 | $118 | $65 | $15 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $76,270 | $78,699 | $60,066 | $77,732 |
| Total net assets | $18,583 | $22,497 | $29,654 | $34,304 |
| Excess/Deficit for the year | $1,379 | $3,914 | $7,157 | $4,660 |
| Net assets or fund balances at beginning of year | $17,204 | $18,583 | $22,497 | $29,644 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $22,497 | $29,654 | $34,304 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $18,583 | $22,497 | $29,654 | $34,304 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $18,583 | $22,497 | $29,654 | $34,304 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | Yes | Yes | Yes | Yes |
| Has the organization filed a Form 990-T for the year? | Yes | Yes | Yes | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | 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 2014) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Retail Merchant Assn Of Tidewater Va Inc, Ta Retail Alliance | 838 Granby St, Norfolk, VA 23510-2051 | VA | 2008-09 | $17,149,516 |
| 2 | San Joaquin Valley Winegrowers Association | 7030 N Fruit Avenue, Fresno, CA 93711-0782 | CA | 2008-11 | $175,202 |
| 3 | 441 Heritage Corridor Inc | 300 North Thomas Street, Athens, GA 30601 | GA | 2000-07 | $56,377 |
| 4 | Cincinnatiusa Regional Tourism Network Inc | 50 E Rivercenter Blvd Ste 1100, Covington, KY 41011-1660 | KY | 2014-06 | $3,302,574 |
| 5 | Association For Healthcare Foodservice Inc | 328 E Main St, Louisville, KY 40202-1216 | KY | 2009-08 | $1,838,274 |
| 6 | Muhlenberg Alliance For Progress Inc | 123 S Main St, Greenville, KY 42345-1539 | KY | 2011-04 | $400,546 |
| 7 | Mystery Shopping Providers Association North America Region | 455 S 4th St Ste 650, Louisville, KY 40202-2554 | KY | 2010-09 | $363,849 |
| 8 | Ksheinc, Kentucky Society Of Healthcare Engi | 9462 Brownsboro Rd Ste 158, Louisville, KY 40241-1118 | KY | 2011-04 | $325,593 |
| 9 | Friends Of Coal | 340 S Broadway Ste 100, Lexington, KY 40508-2553 | KY | 2008-09 | $237,940 |
| 10 | Louisville Independent Businessalliance Inc | PO BOX 4759, Louisville, KY 40204-0759 | KY | 2009-10 | $210,825 |
| 11 | Digital Screenmedia Association | 13100 Eastpoint Park Blvd, Louisville, KY 40223-3157 | KY | 2011-02 | $174,718 |
| 12 | Coal Mining-Our Future Inc | PO BOX 466, Chavies, KY 41727-0466 | KY | 2010-11 | $171,881 |
| 13 | Common Good Community Development Corporation, Common Good | 1015 N Limestone Street, Lexington, KY 40505 | KY | 2012-03 | $162,990 |
| 14 | Young Professionals Association Of Louisville Inc | 550 S 4th St, Louisville, KY 40202-2504 | KY | 2002-12 | $148,090 |
| 15 | Winchester Clark County Chamber Of Commerce | 2 South Maple St Ste A, Winchester, KY 40391-1902 | KY | 2014-01 | $121,739 |
| 16 | Southern Kentucky Chamber Of Commerce Inc | 101 N Depot St, Corbin, KY 40701-1433 | KY | 2009-11 | $117,849 |
| 17 | Kentucky Walking Horse Breeders Incentive Fund | 10610 Us Highway 62 W, Princeton, KY 42445-6063 | KY | 2010-07 | $80,610 |
| 18 | Ultra Seam Incorporated | 14432 State Route 141 S, Clay, KY 42404-7310 | KY | 2011-04 | $80,296 |
| 19 | Society Of Interventional Pain Management Surgery Centers Inc | 81 Lakeview Dr, Paducah, KY 42001-5619 | KY | 2007-02 | $77,116 |
| 20 | Madison County Home Builders Association Inc | PO BOX 827, Richmond, KY 40476-0827 | KY | 2009-10 | $76,783 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 17,957 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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