Ascension Economic Developmentfoundation in Sorrento, Louisiana (LA)

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Ascension Economic Developmentfoundation
Employer Identification Number (EIN)204616260
Name of OrganizationAscension Economic Developmentfoundation
In Care of NameTommy Kurtz
Address6967 Highway 22, Sorrento, LA 70778-3409
SubsectionCharitable Organization
Ruling Date01/2007
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$39,182
Amount of Income$4,102
Form 990 Revenue Amount$4,102
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2013: $4,102 (it was $200 in 2012)
Ascension Economic Developmentfoundation: 

 $4,102
Other organizations performing similar types of work: 

 $135,279

Assets in 2013: $39,182 (it was $36,939 in 2012)
Ascension Economic Developmentfoundation: 

 $39,182
Other organizations performing similar types of work: 

 $114,906

Expenses in 2013: $1,859
Ascension Economic Developmentfoundation: 

 $1,859
Other organizations performing similar types of work: 

 $121,073

Income to expenses ratio in 2013: 2.2
Ascension Economic Developmentfoundation: 

 2.2
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: 0.0%
Ascension Economic Developmentfoundation: 

 0.0%
Other organizations performing similar types of work: 

 8.8%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$6,100$200$4,102
Contributions, gifts, grants, and similar amounts received$6,100$0$0
Program service revenue including government fees and contracts$0$0$4,000
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$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$200$102
Total expenses$33,758$5,335$1,859
Total net assets$42,074$36,939$39,182
Excess/Deficit for the year$-27,658$-5,135$2,243
Net assets or fund balances at beginning of year$70,070$42,074$36,939
Other changes in net assets or fund balances$-338$0$0
Net assets or fund balances at end of year$36,939$39,182
Balance Sheets
201120122013
Total assets$42,074$36,939$39,182
Total liabilities$0$0$0
Net assets or fund balances$42,074$36,939$39,182
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$33,600
Subtotal Support$33,600
Gifts, grants, contributions, and membership fees received$33,600
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$33,800
Public Support$33,600
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$200
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
1West River Foundation For Economic And Community DevelopmentPO BOX 605, Sturgis, SD 57785-0605SD2000-10$1,093,865
2Louisiana State University System Research And Technology Foundation101 Letc 110 Lsu Union Sq, Baton Rouge, LA 70803-0001LA2007-11$20,520,539
3Strategic Action Council Of Northwest Louisiana IncPo Box 1910, Shreveport, LA 71166LA2007-09$339,323
4St Claude Avenue Main Street3232 N Galvez St, New Orleans, LA 70117-6437LA2012-06$280,180
5Innovation Catalyst Inc7117 Florida Blvd, Baton Rouge, LA 70806-4549LA2014-08$270,286
6Oak Street Association IncNon-Existent, Nonexistent, LA 70118LA2008-09$219,919
7Iberia Development Foundation101 Burke St, New Iberia, LA 70560-3703LA2012-05$169,609
8Oak Street Merchants Residents And Property Owners8500 Oak St, New Orleans, LA 70118-1201LA2014-07$167,145
9Southwest Louisiana Partnership For Economic Development, Roach Randall E Gen Ptr4310 Ryan St, Lake Charles, LA 70605-4514LA2005-02$144,785
10St Francisville Area Foundation IncP O Box 797, Saint Francisville, LA 70775LA1999-01$106,667
11Oretha Castle Haley Boulevard Merchants And Business Association1712 Oretha Castle Haley Blvd 302, New Orleans, LA 70113-1374LA2014-07$91,742
12Jedco Development Corporation700 Church Hill Pkwy, Avondale, LA 70094-2970LA2014-08$80,162
13Stay Local2803 St Philip Street, New Orleans, LA 70119LA2011-08$67,929
14Southern Hills Business Association9701 Baird Rd, Shreveport, LA 71118-3803LA2004-07$61,832
15Louisiana Global Alliance171 Belle Terre Blvd, La Place, LA 70068-3349LA2009-09$5,000
16Arcs Aligned Inc1739 2nd St, New Orleans, LA 70113-1657LA2015-01$0
17Berachah Community Development CorporationPo Box 15468, Baton Rouge, LA 70895LA2000-04$0
18C O P E IncPost Office Box 462, Haynesville, LA 71038LA1999-01$0
19Catalyst Fund7117 Florida Blvd, Baton Rouge, LA 70806-4549LA2014-10$0
20Central Economic Development Foundation IncP O Box 78136, Baton Rouge, LA 70837LA2011-08$0
Number of organizations performing similar types of work
Alaska23
Alabama64
Arkansas29
Arizona41
California299
Colorado47
Connecticut39
District of Columbia35
Delaware8
Florida134
Georgia71
Hawaii27
Iowa63
Idaho15
Illinois108
Indiana79
Kansas46
Kentucky50
Louisiana73
Massachusetts46
Maryland54
Maine37
Michigan101
Minnesota55
Missouri99
Mississippi38
Montana36
North Carolina125
North Dakota13
Nebraska37
New Hampshire25
New Jersey61
New Mexico41
Nevada16
New York213
Ohio149
Oklahoma39
Oregon51
Pennsylvania173
Rhode Island6
South Carolina63
South Dakota34
Tennessee56
Texas168
Utah17
Virginia62
Vermont16
Washington47
Wisconsin61
West Virginia39
Wyoming14
International10
Total3,253

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