Merrimack Valley Economic Development Council Inc in North Andover, Massachusetts (MA)
Table of contents:
| Merrimack Valley Economic Development Council Inc | |
| Employer Identification Number (EIN) | 043479606 |
| Name of Organization | Merrimack Valley Economic Development Council Inc |
| In Care of Name | David A Tibbetts |
| Address | 1600 Osgood Street Osgood Landing, North Andover, MA 01845 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2000 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $70,390 |
| Amount of Income | $87,587 |
| Form 990 Revenue Amount | $87,587 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General) |
Non-representatives - add comments:
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $187,778 | $165,532 | $83,532 | $87,587 |
| Contributions, gifts, grants, and similar amounts received | $187,193 | $165,374 | $83,389 | $87,500 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $585 | $158 | $143 | $87 |
| 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 | $112,046 | $119,055 | $92,937 | $113,382 |
| Total net assets | $51,612 | $98,089 | $88,685 | $62,890 |
| Excess/Deficit for the year | $75,732 | $46,477 | $-9,405 | $-25,795 |
| Net assets or fund balances at beginning of year | $-24,120 | $51,612 | $98,090 | $88,685 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $88,685 | $62,890 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $87,156 | $113,089 | $88,685 | $70,390 |
| Total liabilities | $35,544 | $15,000 | $0 | $7,500 |
| Net assets or fund balances | $51,612 | $98,089 | $88,685 | $62,890 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 | 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 | $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 | ||
| 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $605,460 |
| Subtotal Support | $605,460 |
| Gifts, grants, contributions, and membership fees received | $605,460 |
| 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 | $606,725 |
| Public Support | $605,460 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,265 |
| 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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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Merrimack Repertory Theatre | 132 Warren St, Lowell, MA 01852-2208 | MA | 1979-05 | $2,038,390 |
| 2 | Merrimack River Feline Rescue Society Inc | 63 Elm St, Salisbury, MA 01952-1936 | MA | 1993-03 | $1,451,716 |
| 3 | Merrimack River Valley House Inc | House Inc, Lowell, MA 01854 | MA | 1950-05 | $2,361,141 |
| 4 | Merrimack River Watershed Council Inc | 60 Island St, Lawrence, MA 01840-1835 | MA | 1978-04 | $100,803 |
| 5 | Merrimack Valley Chamber Of Commerce Inc | 264 Essex St, Lawrence, MA 01840-1516 | MA | 1942-11 | $789,395 |
| 6 | Merrimack Valley Chapter Of Unico National Inc | 40 Bayfield Dr, North Andover, MA 01845-6016 | MA | $30,487 | |
| 7 | Merrimack Valley Community Service Corp Inc | 264 Essex Street 2nd Floor, Lawrence, MA 01840-1516 | MA | 2003-09 | $379,525 |
| 8 | Merrimack Valley Concert Band | Po Box 76, Merrimac, MA 01860 | MA | 2004-12 | $0 |
| 9 | Merrimack Valley Day Care Inc | 599 Canal St 3rd Flr W, Lawrence, MA 01840-1244 | MA | 1988-02 | $315,728 |
| 10 | Merrimack Valley Economic Development Corporation | 160 Main St, Haverhill, MA 01830-5061 | MA | 1994-05 | $29,508 |
| 11 | Merrimack Valley Economic Development Council Inc | 1600 Osgood Street Osgood Landing, North Andover, MA 01845 | MA | 2000-02 | $87,587 |
| 12 | Merrimack Valley Health Services Inc | 600 Federal Street, Andover, MA 01810-1064 | MA | 1985-06 | $5,406,439 |
| 13 | Merrimack Valley Hospice Inc | 360 Merrimack St Ste 9, Lawrence, MA 01843-1764 | MA | 1994-03 | $17,269,161 |
| 14 | Merrimack Valley Housing Partnership Inc | PO BOX 1042, Lowell, MA 01853-1042 | MA | 1988-01 | $389,515 |
| 15 | Merrimack Valley Islamic Academy Inc | 125 Oakland Ave, Methuen, MA 01844-3649 | MA | 2002-04 | $982,750 |
| 16 | Merrimack Valley Italian-American Scholarship Fund Incorporated | PO BOX 2102, Methuen, MA 01844-1096 | MA | 2001-09 | $19,521 |
| 17 | Northeast Legal Aid Inc | 35 John St, Lowell, MA 01852-1101 | MA | 1975-06 | $1,445,509 |
| 18 | Merrimack Valley Library Consortium Inc | 1600 Osgood Street, North Andover, MA 01845-1048 | MA | 1989-04 | $1,427,246 |
| 19 | Merrimack Valley Occupational And Tech-Prep Educators Collaborative, Mvotec | 100 Elliot, Haverhill, MA 01830-2306 | MA | 1992-03 | $0 |
| 20 | Merrimack Valley Partners In Service Inc | PO BOX 262, Methuen, MA 01844-0262 | MA | 1996-01 | $5,167 |
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