Downtown Taunton Foundation Inc in Taunton, Massachusetts (MA)

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Downtown Taunton Foundation Inc
Employer Identification Number (EIN)451796085
Name of OrganizationDowntown Taunton Foundation Inc
In Care of NameTeri Bernert
Address8 Trescott Street, Taunton, MA 02780-3276
SubsectionCharitable Organization
Ruling Date11/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$461,141
Amount of Income$65,744
Form 990 Revenue Amount$65,177
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


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Amount of income in 2013: $65,744 (it was $106,160 in 2012)
This organization: 

 $65,744
Other organizations performing similar types of work: 

 $141,217

Assets in 2013: $461,141 (it was $80,391 in 2012)
This organization: 

 $461,141
Other organizations performing similar types of work: 

 $121,026

Expenses in 2013: $61,404
Downtown Taunton Foundation Inc: 

 $61,404
Other organizations performing similar types of work: 

 $118,087

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.6

Grants share in income in 2013: 75.7%
Downtown Taunton Foundation Inc: 

 75.7%
Other organizations performing similar types of work: 

 87.4%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$1,173$104,082$65,177
Contributions, gifts, grants, and similar amounts received$1,173$73,935$49,314
Program service revenue including government fees and contracts$0$31,056$14,942
Membership dues and assessments$0$0$0
Investment income$0$13$1
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$0$-922$920
Gross sales of inventory, less returns and allowances$0$1,156$1,487
Less: cost of goods sold$0$2,078$567
Other revenue$0$0$0
Total expenses$0$25,556$61,404
Total net assets$1,173$79,699$83,472
Excess/Deficit for the year$1,173$78,526$3,773
Net assets or fund balances at beginning of year$0$1,173$79,699
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$79,699$83,472
Balance Sheets
201120122013
Total assets$1,173$80,391$461,141
Total liabilities$0$692$377,669
Net assets or fund balances$1,173$79,699$83,472
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: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$135,275
Subtotal$135,275
Gifts, grants, contributions, and membership fees received$135,275
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
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
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$135,289
Public support$135,275
Subtotal$14
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$14
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Ventura County Community Development Corporation2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813CA2003-05$5,683,551
2Cdi Development Fund Inc21 Goodnow Rd, Shelburne Fls, MA 01370-9680MA2014-01$853,274
3Homestart Inc105 Chauncy St 7th Fl-Finance Dept, Boston, MA 02111-1726MA1996-08$7,970,462
4Massachusetts Manufacturing Extension Partnership Inc100 Grove Street, Worcester, MA 01605-2627MA2000-08$6,790,154
5Boston Workers Alliance411 Blue Hill Ave, Boston, MA 02121-4309MA2009-09$510,215
6South Boston Community Development Foundation Inc2 Leeds St, Boston, MA 02127-2717MA2010-08$421,049
7Chicopee Neighborhood Development Corporation10 Center St Ste 312, Chicopee, MA 01013-2680MA1998-02$264,529
8Mission Hill-Fenway Neighborhood Trust IncC/O Lauren Dewey Platt 41 Park, Boston, MA 02215MA2000-01$234,853
9Downtown Taunton Foundation Inc8 Trescott Street, Taunton, MA 02780-3276MA2011-11$65,744
10Bowdoin-Geneva Main Street Inc200 Bowdoin St, Boston, MA 02122-1819MA2002-07$53,194
11Franklin Downtown Business Partnership IncP O Box 413 9 East Central St, Franklin, MA 02038MA2004-09$35,122
12Mattapan Square Main Streets IncPo Box 260885, Mattapan, MA 02126MA2012-09$29,845
13Big Business Network Inc61 Greenwood St, Dorchester, MA 02121-4129MA2014-11$0
14Brockton Interfaith Community Nehemiah Partnership Inc65 West Elm Street, Brockton, MA 02301MA2010-07$0
15Charlestown Waterfront Coalition IncPo Box 029533, Charlestown, MA 02129MA2004-01$0
16Churchill Neighborhood Association277 Walnut St, Holyoke, MA 01040-4204MA1995-05$0
17Civic Investments Ii Inc160 Federal St Fl 7, Boston, MA 02110-1700MA2002-05$0
18Eastmans Corner Foundation Inc347 Congress St, Boston, MA 02210-1280MA2015-01$0
19Friends Of The Barnstable County Human Rights Commission174 Lowell Rd 84, Mashpee, MA 02649MA2007-03$0
20Gloucester Community Development Corporation87 Middle Street, Gloucester, MA 01930MA2001-11$0
Number of organizations performing similar types of work
Alaska2
Alabama36
Arkansas9
Arizona16
California121
Colorado26
Connecticut22
District of Columbia16
Delaware6
Florida53
Georgia54
Hawaii10
Iowa18
Idaho7
Illinois68
Indiana30
Kansas9
Kentucky18
Louisiana32
Massachusetts22
Maryland45
Maine10
Michigan54
Minnesota10
Missouri35
Mississippi17
Montana9
North Carolina65
North Dakota5
Nebraska6
New Hampshire8
New Jersey38
New Mexico14
Nevada6
New York135
Ohio94
Oklahoma18
Oregon18
Pennsylvania93
Rhode Island2
South Carolina34
South Dakota10
Tennessee36
Texas74
Utah5
Virginia30
Vermont9
Washington29
Wisconsin30
West Virginia14
Wyoming3
International7
Total1,538

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