Greater Springfield Businessfoundation Inc in Springfield, Massachusetts (MA)

Greater Springfield Businessfoundation Inc
Employer Identification Number (EIN)	205465447
Name of Organization	Greater Springfield Businessfoundation Inc
In Care of Name	Russell F Denver
Address	1441 Main St Ste 136, Springfield, MA 01103-1447
Subsection	Charitable Organization
Ruling Date	03/2008
Deductibility	Contributions are deductible
Foundation	Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1 to $9,999
Income	$25,000 to $99,999
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$9,728
Amount of Income	$37,198
Form 990 Revenue Amount	$37,198
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Management & Technical Assistance

Non-representatives - add comments:

Amount of income in 2013: $37,198 (it was $25,620 in 2012)

This organization:	$37,198
Other organizations performing similar types of work:	$998,703

Assets in 2013: $9,728 (it was $7,764 in 2012)

This organization:	$9,728
Other organizations performing similar types of work:	$571,369

Expenses in 2013: $39,234

Greater Springfield Businessfoundation Inc:	$39,234
Other organizations performing similar types of work:	$977,385

Income to expenses ratio in 2013: 0.9

This organization:	0.9
Other organizations performing similar types of work:	1.0

Grants share in income in 2013: 100.0%

Greater Springfield Businessfoundation Inc:	100.0%
Other organizations performing similar types of work:	78.7%

Financial snapshot ($)

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$20,170	$25,620	$37,198
Contributions, gifts, grants, and similar amounts received	$20,170	$25,620	$37,198
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	$0	$0	$0
Gross profit/loss from sales of inventory	$0	$0	$0
Other revenue	$0	$0	$0
Total expenses	$17,052	$25,430	$39,234
Total net assets	$7,574	$7,764	$5,728
Excess/Deficit for the year	$3,118	$190	$-2,036
Net assets or fund balances at beginning of year	$4,456	$7,574	$7,764
Other changes in net assets or fund balances	$0	$0	$0
Net assets or fund balances at end of year		$7,764	$5,728

	2011	2012	2013
Balance Sheets
Total assets	$7,574	$7,764	$9,728
Total liabilities	$0	$0	$4,000
Net assets or fund balances	$7,574	$7,764	$5,728

	2011	2012	2013
Other Information
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 organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported	1
Sum of amounts of support	$6,500

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Sek-Cap Inc, Community Action Program	PO BOX 128, Girard, KS 66743-0128	KS	1970-06	$12,860,577
2	Opportunity Finance Corporation	620 Chestnut St 572, Philadelphia, PA 19106-3411	PA	1987-04	$7,371,119
3	New Jersey Manufacturing Extension Program Inc	2 Ridgedale Ave Ste 305, Cedar Knolls, NJ 07927-1123	NJ	1997-11	$4,643,958
4	Leadership Tyler Inc	315 N Broadway Ave Ste 202, Tyler, TX 75702-5757	TX	1990-10	$279,633
5	Philadelphia Shipyard Development Corporation	PO BOX 586, Eagleville, PA 19408-0586	PA	1999-04	$4,029
6	National Community Reinvestment Coalition Inc	727 15th St Nw 9th Floor, Washington, DC 20005-2168	DC	1992-08	$22,470,108
7	Hope Loanport Inc	100 International Dr Fl 23, Baltimore, MD 21202-4737	MD	2012-01	$6,166,887
8	Metro Iaf Inc	8518 61st Rd, Rego Park, NY 11374-2734	NY	1995-11	$998,703
9	Referral And Information Network Parents Inc, Rain Parents Inc	1420 Washington Ave, Miami Beach, FL 33139-4110	FL	1996-05	$245,858
10	United Connecticut Action For Neighborhoods Inc	Pobox 6422, Hartford, CT 06106	CT	1980-02	$213,038
11	Greater Springfield Businessfoundation Inc	1441 Main St Ste 136, Springfield, MA 01103-1447	MA	2008-03	$37,198
12	Character Council Of Indiana Inc	1517 Bowman Dr, Greenfield, IN 46140-2516	IN	2000-07	$5,013
13	Euclid - St Clair Development Corporation	2158 Belvoir Blvd, Ceveland, OH 44121	OH	2001-10	$0

Number of organizations performing similar types of work

Connecticut	1
District of Columbia	1
Florida	1
Indiana	1
Kansas	1
Massachusetts	1

Maryland	1
New Jersey	1
New York	1
Ohio	1
Pennsylvania	2
Texas	1

Total

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