Corporate Design Foundation Inc in Gloucester, Massachusetts (MA)
Table of contents:
| Corporate Design Foundation Inc | |
| Employer Identification Number (EIN) | 042917620 |
| Name of Organization | Corporate Design Foundation Inc |
| Address | 11 Planters Neck Rd, Gloucester, MA 01930-1372 |
| Activities | Discussion groups, forums, panels lectures, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 07/1989 |
| 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 | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $10,456 |
| Amount of Income | $2,000 |
| Form 990 Revenue Amount | $2,000 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs |
Non-representatives - add comments:
Amount of income in 2013: $2,000 (it was $19,474 in 2012)
| Corporate Design Foundation Inc: | $2,000 |
| Other organizations performing similar types of work: | $412,701 |
Assets in 2013: $10,456 (it was $23,432 in 2012)
| Corporate Design Foundation Inc: | $10,456 |
| Other organizations performing similar types of work: | $399,242 |
Expenses in 2013: $14,976
| Corporate Design Foundation Inc: | $14,976 |
| Other organizations performing similar types of work: | $359,525 |
Income to expenses ratio in 2013: 0.1
| This organization: | 0.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.0%
| Corporate Design Foundation Inc: | 100.0% |
| Other organizations performing similar types of work: | 72.8% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $36,654 | $19,474 | $2,000 |
| Contributions, gifts, grants, and similar amounts received | $35,875 | $19,460 | $2,000 |
| Program service revenue including government fees and contracts | $779 | $14 | $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 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $33,750 | $15,316 | $14,976 |
| Total net assets | $10,574 | $14,732 | $1,756 |
| Excess/Deficit for the year | $2,904 | $4,158 | $-12,976 |
| Net assets or fund balances at beginning of year | $7,670 | $10,574 | $14,732 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $14,732 | $1,756 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $12,274 | $23,432 | $10,456 |
| Total liabilities | $1,700 | $8,700 | $8,700 |
| Net assets or fund balances | $10,574 | $14,732 | $1,756 |
| 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? | Yes | Yes | |
| Total amount involved | $8,700 | $8,700 | |
| 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 | $131,533 |
| Subtotal Support | $173,072 |
| Gifts, grants, contributions, and membership fees received | $173,072 |
| 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 | $41,539 |
| Total Support | $173,072 |
| Public Support | $173,072 |
| 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. | $22,253 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Spedd Inc | 1129 Industrial Park Ste119, Vandergrift, PA 15690-9646 | PA | 1971-01 | $3,010,381 |
| 2 | Womens Initiative For Self Employment | PO BOX 29181, San Francisco, CA 94129-0181 | CA | 1993-10 | $2,973,098 |
| 3 | Trenton Business Assistance Corporation | 3111 Quakerbridge Rd 2nd Fl, Mercerville, NJ 08619-1634 | NJ | 1980-08 | $1,756,891 |
| 4 | Southeast Chicago Development Commission Inc | 2938 E 91st Street Suite 106, Chicago, IL 60617-4208 | IL | 1982-10 | $1,689,483 |
| 5 | Valley Small Business Development Corporation | 7035 N Fruit Ave, Fresno, CA 93711-0761 | CA | 1978-02 | $1,636,133 |
| 6 | Southern California Minority Supplier Development Council Inc, A Public Benefit Corporation | 800 W 6th St Ste 850, Los Angeles, CA 90017-2711 | CA | 1982-10 | $1,416,863 |
| 7 | Ohio Minority Supplier Development Council | 100 E Broad St, Columbus, OH 43215-3607 | OH | 1989-12 | $1,044,043 |
| 8 | South Of Market Foundation, Urban Solutions | 1167 Mission St Ste 200, San Francisco, CA 94103-1544 | CA | 1993-12 | $846,671 |
| 9 | South Central Ozark Council Of Governments | PO BOX 100, Pomona, MO 65789-0100 | MO | 1992-06 | $755,095 |
| 10 | Virginia Regional Minority Supplier Development Council Inc | 707 E Main St Ste 1375, Richmond, VA 23219-2807 | VA | 1990-08 | $648,285 |
| 11 | Tristate Minority Supplier Development Council Inc | 220 Athens Way Ste 105, Nashville, TN 37228-1300 | TN | 1984-09 | $616,287 |
| 12 | Starting-Gate | 2750 Constitution Blvd, Beaver Falls, PA 15010-1275 | PA | 1986-01 | $562,741 |
| 13 | Urban Empowerment Corporation | 1011 Ne 117th St, Biscayne Park, FL 33161-6749 | FL | 1984-07 | $401,045 |
| 14 | Treasury Management Association Of New England | 256 Essex St, Salem, MA 01970-3434 | MA | 1982-07 | $348,140 |
| 15 | South Dekalb Business Incubator Inc | 2632 Rainbow Way, Decatur, GA 30034-1402 | GA | 1994-05 | $291,954 |
| 16 | Youngstown Area Development Corp | 2123 Belmont Ave, Youngstown, OH 44505-2402 | OH | 1969-05 | $251,719 |
| 17 | The M & L Foundation Inc | 23001 Industrial Blvd, Rogers, MN 55374-9566 | MN | 1995-09 | $197,585 |
| 18 | Family Inn Foundation Inc | PO BOX 1692, Brookline, MA 02446-0014 | MA | 1986-03 | $15,395 |
| 19 | Corporate Design Foundation Inc | 11 Planters Neck Rd, Gloucester, MA 01930-1372 | MA | 1989-07 | $2,000 |
| 20 | Economic Development Corporation Of Northern Berkshire | 40 Main St, N Adams, MA 01247-3460 | MA | 1985-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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